Week in deals, May 17, 2010

BIOTECH

Astute Medical Inc.

San Diego

www.astutemedical.com

Amount/Round: $26.5M/B

Investors: Domain Associates (co-led), Delphi Ventures (co-led), Johnson & Johnson Development Corp. and De Novo Ventures.

Details: Develops novel, biomarker-based medical diagnostics. The company previously raised $6.25M in funding.

Schrödinger Inc.

New York

www.schrodinger.com

Amount/Round: $10M/NA

Investors: Cascade Investment (an investment vehicle owned by Bill Gates).

Details: Provides chemical simulation for pharma and biotech research.

CLEANTECH

Enerkem Technologies Inc.

Montreal

www.enerkem.com

Amount/Round: $3.4M/NA

Investors: Alberta Energy.

Details: Develops synthetic gas and other alternative fuels. The funding will be used to help build a waste-to-biofuels plant in Edmonton. The company recently raised more than $50M from Waste Management, Rho Ventures, Braemar Energy Ventures, BDR Capital and Cycle Capital.

General Compression Inc.

Newton, Mass.

www.generalcompression.com

Amount/Round: $3M/MA

Investors: Northwater Capital Management.

Details: Develops compressed air energy storage systems. The company previously raised $17.9M from US Renewables Group and Duke Energy.

International Battery

Oakland, N.J.

www.internationalbattery.com

Amount/Round: $35M/C

Investors: Digital Power Capital, an affiliate of Wexford Capital.

Details: Develops large-format, rechargeable lithium-ion cells and batteries.

Solaria Inc.

Fremont, Calif.

www.solaria.com

Amount/Round: $45M/D

Investors: CMEA Capital (co-led), DBL Investors (co-led), Mitsui Ventures, Savitr Capital, Sigma Partners and NGEN Partners.

Details: Develops photovoltaic module production solutions. The company previously raised about $72M in funding.

CLOUD

Cloud Sherpas

Atlanta

www.cloudsherpas.com

Amount/Round: $1M/NA

Investors: Individual investor and new CEO Jon Hallett (former executive chairman at Northridge Systems).

Details: Provides Google Apps services to help businesses adopt cloud computing.

Heroku

San Francisco

www.heroku.com

Amount/Round: $10M/B

Investors: Ignition Partners (led), Redpoint Ventures, Baseline Ventures and Harrison Metal Ventures.

Details: Provides Ruby cloud application platform-as-a-service provider. The company previously raised $3M in funding.

CONSUMER INTERNET

Jelli

San Mateo, Calif.

www.jellil.net

Amount/Round: $7M/A

Investors: Battery Ventures (led) and First Round Capital.

Details: Provides a social music and Internet radio service. Satya Patel, a partner at Battery Ventures partner and a former Google executive, has joined the board.

Swipely

Providence, R.I.

www.swipely.com

Amount/Round: $7.5M/A

Investors: Index Ventures (led), Greylock Partners, First Round Capital and individual investors.

Details: Provides an social online service that lets shoppers share information about their purchases. Danny Rimer of Index Ventures has joined the board. Reid Hoffman of Greylock Partners will serve as a board observer. The company has raised now raised $8.5M in total funding.

ECOMMERCE

Doxo

Seattle

www.doxo.com

Amount/Round: $5.3M/A

Investors: Mohr Davidow Ventures and Bezos Expeditions.

Details: Provides paperless billing services. The company was co-founded by CEO Steven Shivers, a former executive at Qpass and Infospace. David Feinleib of Mohr Davidow Ventures is on the board.

FINANCIAL

High Street Partners

Annapolis, Md.

www.hsp.com

Amount/Round: $6M/B

Investors: Sigma Partners (led), Baird Venture Partners and SVB Financial Group.

Details: Operates as an advisory firm, offering finance and accounting related services to companies worldwide.

INTERNET MARKETING

Ad.ly

Los Angeles

www.ad.ly.com

Amount/Round: $5M/NA

Investors: GRP Partners, Greycroft Partners and individual investor Matt Coffin (founder of LowerMyBills).

Details: Provides in-stream advertising on Twitter.

AdReady

Seattle

www.adready.com

Amount/Round: $5.3M/B

Investors: Madrona Venture Group, Bain Capital Ventures and Khosla Ventures.

Details: Develops software solutions for digital display advertising. The company previously raised $10M in funding.

Criteo

Palo Alto, Calif.

www.criteo.com

Amount/Round: $7M/C

Investors: Bessemer Venture Partners.

Details: Provides personalized purchasing recommendations and online advertising services. The company has relocated its headquarters from Paris. The company previously raised $13M from Index Ventures, AGF Private Equity and Elaia Partners.

Demdex

New York

www.demdex.com

Amount/Round: $6M/A

Investors: Shasta Ventures (led), First Round Capital and Genacast Ventures (a Comcast Interactive Capital affiliate).

Details: Provides online audience management services.

Invidi Technologies Corp.

Princeton, N.J.

www.invidi.com

Amount/Round: $23M/D

Investors: Google Ventures (led), WPP Group, EnerTech Capital, InterWest Partners and Menlo Ventures.

Details: Provides targeted advertising for broadband TV services.

Klout

San Francisco

www.klout.com

Amount/Round: $1.5M/A

Investors: ff Asset Management, Zelkova Ventures and individual investors Paige Craig, Tom McInerney, Ofer Ronan, Nova Spivack, Bobby Yazdani and Allen Morgan (managing director at Mayfield Fund)

Details: Provides social web influencer analytics.

Localytics

Cambridge, Mass.

www.localytics.com

Amount/Round: $700K/seed

Investors: Launchpad Venture Group and New York Angels.

Details: Provides mobile app publishers free real-time reports and analytics for iPhone, iPad, Android and BlackBerry users. The company was part of TechStars Boston’s 2009 class, and then was chosen to be an inaugural resident at Polaris Ventures Partners’ Dogpatch Labs in Cambridge, Mass.

SocialVibe

Los Angeles

www.socialvibe.com

Amount/Round: $11.65M/C

Investors: NA

Details: Operates a social media monetization platform, used with Zynga and other social games. The company previously raised a little more than $12M from Redpoint Ventures and JAFCO Ventures.

WordStream Inc.

Boston

www.wordstream.com

Amount/Round: $6M/B

Investors: Egan-Managed Capital (led) and Sigma Partners.

Details: Develops productivity tools for paid and natural search engine marketing. The company previously raised $4M.

MED TECH

CardioMEMS Inc.

Atlanta

www.cardiomems.com

Amount/Round: $37.9M/NA

Investors: NA

Details: Develops wireless medical pressure sensors. The company previously had raised more than $107M from Arcapita Ventures, Boston Millennia Partners, Medtronic, Easton Capital Partners, Foundation Medical Partners, Arboretum Ventures, Deerfield Capital Management, Vision Capital Advisors, Aperture Venture Partners and Rockport Venture Securities. The company filed to go public in January 2007 in an $87M offering, but withdrew the IPO.

Exosome Diagnostics Inc.

New York

www.exosomedx.com

Amount/Round: $20M/A

Investors: NGN Capital and Forbion Capital Partners.

Details: Develops minimally invasive molecular diagnostics.

NETWORKING

Casa Systems Inc.

Andover, Mass.

www.casa-systems.com

Amount/Round: NA/NA

Investors: Summit Partners.

Details: Develops network edge devices targeting IP video and broadband IP services.

Infineta Systems

San Jose, Calif.

www.infineta.com

Amount/Round: $15M/A

Investors: Alloy Ventures and North Bridge Venture Partners.

Details: Provides a network infrastructure.

SOFTWARE

Integrien Corp.

Irvine, Calif.

www.integrien.com

Amount/Round: $8M/NA

Investors: Clearstone Venture Partners (led), Acartha Group and Mariner Capital Ventures.

Details: Provides real-time performance analytics. The company previously raised more than $20M in funding.

Redline Trading Software

Woburn, Mass.

www.redlinetrading.com

Amount/Round: $7.5M/NA

Investors: NA

Details: Provides market data solutions for latency and throughput-sensitive trading applications. Board members include James Bertelli, executive chairman at Mercury Computer Systems, and Daren Cohen of Goldman Sachs.

WIRELESS COMMUNICATIONS

Sand 9

Cambridge, Mass.

www.sand9.com

Amount/Round: $12M/B

Investors: Commonwealth Capital Ventures (led), Flybridge Capital Partners, General Catalyst Partners and Khosla Ventures.

Details: Makes oscillator and frequency control technology for the wireless device market. The company previously raised $8M in funding last night. The company’s technology was developed at Boston University. Stephen McCormack, a general partner at Commonwealth Capital, has joined the board.

Vantrix Corp.

New York

www.vantrix.com

Amount/Round: $14M/C

Investors: Tudor Ventures (led), Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures.

Details: Provides mobile multimedia adaptation and delivery solutions. The company raised a $12M Series B round in late 2007.