Week in deals, May 12, 2008

AGRICULTURE

Asoyia

Iowa City, Iowa

www.asoyia.com

Amount/Round: $4M/NA

Investors: Prolog Ventures, Life Science Partners.

Details: Provides soybean seeds and soybean oil for the food industry.

BIOTECH

Apoptos Inc.

San Diego

www.apoptos.com

Amount/Round: $28M/A

Investors: Venrock, ARCH Venture Partners, OrbiMed Advisors, Advanced Technology Ventures.

Details: Develops small-molecule drugs to directly induce tumor cell apoptosis. Robert Nelson, managing director of Arch Venture Partners, and Mikael Dolsten, partner of OrbiMed Advisors, have joined the board.

Auspex Pharmaceuticals

Vista, Calif.

www.auspexpharma.com

Amount/Round: $13.9M/B

Investors: Thomas, McNerney & Partners (led), CMEA Ventures, Costa Verde Capital.

Details: A biotech startup focused on targeted deuteration of clinically validated drugs. This is the company’s first institutional round of funding.

CHIPS

CHiL Semiconductor

Tewksbury, Mass.

www.chilsemi.com

Amount/Round: $16.7M/C

Investors: Panorama Capital (led), Flybridge Capital Partners, Highland Capital Partners, iD Ventures.

Details: Develops mixed-signal integrated circuits.

Crossing Automation Inc.

Mountain View, Calif.

www.crossinginc.com

Amount/Round: $6M/A

Investors: Intel Capital, Tallwood Venture Capital.

Details: Develops chip manufacturing technology.

CLEANTECH

BioBlend Renewable Resources

Houston, Texas

www.bioblend.com

Amount/Round: NA/NA

Investors: Archer Daniels Midland Co.

Details: Develops environmentally safe, biodegradable lubricants, penetrating oils, hydraulic oils and greases. The company was launched in April 2007 with seed capital from Quest Technology Ventures.

Firefly Energy Inc.

Peoria, Ill.

www.fireflyenergy.com

Amount/Round: $15M/C

Investors: Khosla Ventures, Infield Capital.

Details: Develops alternatives to lead-acid batteries. The company had previously raised about $16M from Stark Capital, KB Partners, Caterpillar, the Illinois Finance Authority and Tri-County Venture Capital Fund.

Range Fuels Inc.

Broomfield, Colo.

www.rangefuels.com

Amount/Round: $166M/B

Investors: Passport Capital (led), Morgan Stanley Capital Group, BlueMountain, Khosla Ventures, Leaf Clean Energy Co., Pacific Corporate Group.

Details: Develops cellulosic ethanol production technology. The company previously announced that it had raised $100M in the Series B, but a regulatory filing indicates that the round has now expanded to $166M, with $158M called down.

COMMUNICATIONS

Iamba Networks Inc.

Cupertino, Calif.

www.iamba.com

Amount/Round: $7M/NA

Investors: Pitango Venture Capital, Cedar Fund, Giza Venture Fund, Kreos Capital.

Details: Develops gigabit passive optical networking solutions. The company has now raised more than $23M since 2001.

CONSUMER INTERNET

GodTube

Plano, Texas

www.godtube.com

Amount/Round: $30M/NA

Investors: GLG Partners.

Details: Operates a video sharing website and social networking site that specializes in Christian themes. The funding gives the company a $150M valuation, and follows $2.5M in seed funding from individual investors, including Norm Miller of Interstate Batteries.

Goodrec Inc.

San Francisco

www.goodrec.com

Amount/Round: $900K/A

Investors: SoftTech VC, Chance Technologies Seed.

Details: Operates a social recommendations engine.

InnoCentive Inc.

Waltham, Mass.

www.innocentive.com

Amount/Round: $6.5M/B

Investors: Spencer Trask Ventures (led), Eli Lilly & Co., Omidyar Network.

Details: Operates an online forum for scientists to collaborate. The company spun out of Eli Lilly in 2005 and raised a $9M Series A round from Spencer Trask Ventures.

PurePlay

San Francisco

www.pureplay.com

Amount/Round: NA/C

Investors: Bay Partners.

Details: Operates an online poker site. The company has now raised $15M in total funding, including investments from individual investors Ron Conway and James Joaquin.

Worktopia

New York

www.worktopia.com

Amount/Round: $6M/B

Investors: DFJ Gotham Ventures, Milestone Venture Partners.

Details: Operates as an online booking engine for meeting space in hotels, airport lounges and other venues.

World Golf Tour

San Francisco

www.worldgolftour.com

Amount/Round: NA/B

Investors: Panorama Capital (led), Battery Ventures.

Details: Operates an online golf game. Michael Jung, principal of Panorama Capital, has joined the board.

ECOMMERCE

MarketLive

Foster City, Calif.

www.marketlive.com

Amount/Round: $20M/E

Investors: Jafco Ventures, Northgate Capital, Sequoia Capital, Sigma Partners, Globespan Capital Partners.

Details: Provides ecommerce technology to retailers. The company has now raised more than $47M in total VC funding since late 2003.

Obopay

Redwood City, Calif.

www.obopay.com

Amount/Round: $20M/D

Investors: Essar Communications Holdings Ltd. (led), Richmond Management, Qualcomm, Redpoint Ventures, AllianceBernstein, Citi, Promethean India, Societe Generale.

Details: Provides mobile payment services in the United States.

HARDWARE

Bigfoot Networks Inc.

Austin, Texas

www.bigfootnetworks.com

Amount/Round: $8.75M/B

Investors: lomar Ventures, North Bridge Venture Partners, Venio Capital Partners.

Details: Develops hardware that reduces lag time for online video games. The company had previously raised a $4M Series A round in 2006.

LEASING

MachineryLink Inc.

Kansas City

www.machinerylink.com

Amount/Round: $18.4M/B

Investors: October Capital, Adams Street Partners, River Cities Capital Funds, Alpha Capital Partners and individual investors Oakleigh Thorne, Glen Taylor and Jack Blumenstein.

Details: Leases combines, tractors and cotton strippers to the agricultural industry. The company has also developed satellite tracking technology to manage its fleet. The company has now raised nearly $42M since 2004.

MARKETING

iCrossing Inc.

Scottsdale, Ariz.

www.icrossing.com

Amount/Round: $15M/F

Investors: NA

Details: Provides interactive marketing services for Internet-based clients. The company has raised more than $155M in total VC funding from such firms as Goldman Sachs, Oak Investment Partners, RRE Ventures, Generation Capital Partners and StarVest Partners.

Spot Runner

Los Angeles

www.spotrunner.com

Amount/Round: $51M/C

Investors: Daily Mail & General Trust, Grupo Televisa, Legg Mason Capital Management, Groupe Arnault/LVMH.

Details: Operates an ad agency for local businesses to advertise on TV. The company had previously raised more than $60M from Allen & Co., Battery Ventures, Index Ventures, The Interpublic Group, Tudor Ventures and WPP Group.

MED TECH

Cardiva Medical Inc.

Mountain View, Calif.

www.cardivamedical.com

Amount/Round: $15.5M/D

Investors: PTV Sciences (led), Galen Partners, Sycamore Ventures, Amkey Ventures, Lexli Investment, Eminent Venture Capital.

Details: Develops vascular closure devices. The company has now raised about $49M in total VC funding since 2002. Rick Anderson, managing director of PTV, has joined the board.

Histogen Inc.

San Diego

www.histogeninc.com

Amount/Round: $5.35M/A

Investors: Secure Medical Inc., CellCeuticals Skin Care Inc. and individual investor Leonard Lavin (founder of Alberto-Culver Co.).

Details: Develops regenerative medicine technology.

Novx Systems Inc.

Ontario

www.novxsystems.com

Amount/Round: $7.8M/C

Investors: Celtic House Ventures, GF Private Equity, CMEA Ventures.

Details: Develops drug screening products and technology for monitoring biological fluids. The company has now raised about $27M in funding, including a $9M Series A round in 2001 at a PMV of $16M.

Seattle Medical Technologies

Seattle

URL NA

Amount/Round: $21M/B

Investors: Canaan Partners, Skyline Venture Partners, Frazier Healthcare Ventures, Three Arch Partners.

Details: Develops medical devices to treat diabetes. The funding is the first call down of a $35M Series B round, according to a regulatory filing. The company was founded by serial medical entrepreneur Clif Alferness.

Strategic Polymer Sciences Inc.

State College, Pa.

www.strategicpolymers.com

Amount/Round: $3M/A

Investors: Chengwei Ventures (co-led), Life Sciences Greenhouse of Pennsylvania (co-led), Ben Franklin Technology Partners, Wilson Sonsini Ventures.

Details: Develops advanced polymer materials for the medical device market.

Zounds Inc.

Mesa, Ariz.

www.zoundshearing.com

Amount/Round: $41M/B

Investors: Signature Capital, TWJ Opportunity Fund.

Details: Makes hearing aids.

SECURITY

Untangle Inc.

San Mateo, Calif.

www.untangle.com

Amount/Round: $8M/B

Investors: CMEA Ventures, Rustic Canyon Partners.

Details: Provides network security and safe messaging. The company had raised a $10.4M Series A round in mid-2006.

SOFTWARE

Appfolio Inc.

Goleta, Calif.

www.appfolio.com

Amount/Round: $22M/B

Investors: BV Capital (led), Cisco Systems Inc., Investment Group of Santa Barbara and individual investors.

Details: Develops Software-as-a-Service for property management.

Ceritca Solutions Inc.

Wakefield, Mass.

URL NA

Amount/Round: $3.3M/A

Investors: Brook Venture Partners

Details: Develops information management software for the K-12 education market. This is the company’s first institutional funding round since its 2000 inception.

DATAllegro

Aliso Viejo, Calif.

www.datallegro.com

Amount/Round: $19.6M/D

Investors: Hillman Co. (led), Adams Capital Management, Focus Ventures, Intel Capital, JAFCO Ventures, Palomar Ventures, Venrock.

Details: Provides data warehousing software and services.

KontikiInc.

Mountain View, Calif.

www.kontiki.com

Amount/Round: NA/NA

Investors: MK Capital.

Details: Provides Web-based networking software delivering digital media. The funding was to spin out the company from VeriSign Inc., which bought Kontiki in 2006 from a group of VC firms that included MK Capital. That deal was valued at $62M. Before it was bought two years ago, the company had raise more than $42M in funding.

Leostream Corp.

Waltham, Mass.

www.leostream.com

Amount/Round: $3M/A

Investors: Meakem Becker Venture Capital.

Details: Develops virtualization software.

Parature Inc.

Vienna, Va.

www.parature.com

Amount/Round: $16M/B

Investors: Accel Partners (led), Sierra Ventures, Valhalla Partners.

Details: Develops online customer support software. The company had previously raised about $28M.

Rearden Commerce Inc.

Foster City, Calif.

www.reardencommerce.com

Amount/Round: $100M/NA

Investors: JPMorgan Chase, American Express, Oak Investment Partners, Foundation Capital.

Details: Provides on-demand services for business spend management. The company, f.k.a. Talaris Corp., has now raised about $183M since its 1999 founding.

WIRELESS COMMUNICATIONS

Plusmo Inc.

Santa Clara, Calif.

www.plusmo.com

Amount/Round: $4.4M/A

Investors: New Enterprise Associates.

Details: Develops widgets for mobile devices.

SensorLogic Inc.

Dallas

www.sensorlogic.com

Amount/Round: $6M/C

Investors: Boston Millennia Partners, Sevin Rosen Funds, Hunt Ventures, STARTech Early Ventures, UPS Strategic Enterprise Fund, Star Ventures.

Details: Provides remote asset management and control solutions. The company has now raised just over $32M in total VC funding.