Week in deals, May 19, 2008


Intrexon Corp.

Blacksburg, Va.


Amount/Round: $25M/C

Investors: New River Management, NewVa Capital Partners and individual investors.

Details: Develops drugs to treat metastatic cancer, cardiac failure and progressive neural disorders. The company has now raised about $53M in funding since 2004.

Revance Therapeutics Inc.

Mountain View, Calif.


Amount/Round: $8M/C

Investors: Bio*One Capital.

Details: Develops therapeutic dermatology products. The company held a $43.2M first close on the Series C round in December from Medicis Pharmaceuticals Corp., Essex Woodlands Healthcare Ventures, Vivo Ventures, Technology Partners, Shepherd Ventures and Palo Alto Investors.


Multigig Inc.

Scotts Valley, Calif.


Amount/Round: $12.5M/B

Investors: CMEA Ventures (led), Sierra Ventures, Hi-Tech Venture Capital.

Details: Develops semiconductors and semiconductor circuit technology.

WideSail Technologies



Amount/Round: NA/NA

Investors: MSBi Valorisation.

Details: Develops semiconductor products and IP for high performance error correction. The company, founded last year, was spun out of technology developed at McGill University.


BrightSource Energy Inc.



Amount/Round: $115M/C

Investors: Google.org, BP Alternative Energy, StatoilHydro Venture and Black River. Return backers include VantagePoint Venture Partners, Morgan Stanley, DBL Investors, Draper Fisher Jurvetson, Chevron Technology Ventures.

Details: Develops utility-scale solar energy projects. The company has now raised more than $160M in total funding since 2006.

Gevo Inc.

Pasadena, Calif.


Amount/Round: $17M/C

Investors: Burrill & Co., Malaysian Life Sciences Capital Fund, Khosla Ventures, Virgin Green Fund.

Details: Develops advanced biofuels, such as butanol. The company has now raised more than $30M since the beginning of 2007.

GreenFuel Technologies Corp.

Cambridge, Mass.


Amount/Round: $13.9M/NA

Investors: Access Private Equity, Draper Fisher Jurvetson, Polaris Venture Partners.

Details: Develops algae farm technologies for recycling CO2 emissions. Bob Metcalfe, general partner of Polaris Venture Partners, is the company’s interim CEO.


BrightQube Inc.

San Diego


Amount/Round: $650K/A

Investors: San Diego Tech Coast Angels.

Details: Operates a stock photography website.

Experience Project Inc.

San Francisco


Amount/Round: $3M/NA

Investors: D.E. Shaw, Baseline Ventures, Maples Investments.

Details: Operates an online community for sharing experiences. The company raised about $1M in seed funding from Baseline Ventures and Maples Investments earlier this year.


Palo Alto, Calif.


Amount/Round: $100M/debt

Investors: TriplePoint Capital.

Details: Operates a social networking website. The company previously raised about $500M in funding from such investors as Accel Partners, Greylock and Microsoft.

Giant Realm

New York


Amount/Round: $2M/A

Investors: SoftBank Capital.

Details: Operates a media entertainment website for males age 16 to 34. Last month, the company announced it raised $3.5M in Series A funding from William Morris Agency, Comcast Interactive Capital and Edison Venture Fund.

Serious Business Inc.

San Francisco


Amount/Round: $4M/A

Investors: Lightspeed Venture Partners.

Details: Develops Facebook applications. Jeremy Liew, partner of Lightspeed, has joined the board.

Social Gaming Network

Palo Alto, Calif.


Amount/Round: $15M/A

Investors: Greylock Partners, Founders Fund, Columbia Capital, Novak Biddle Venture Partners.

Details: Develops games for social networking sites, such as Facebook.

Tiny Prints Inc.

Mountain View, Calif.


Amount/Round: $59M/NA

Investors: Summit Partners, Technology Crossover Ventures.

Details: Operates an online retailer of stationary. This is the company’s first outside funding round since it was founded in 2004.


BuySafe Inc.

Arlington, Va.


Amount/Round: $2.7M/D

Investors: Core Capital, Grotech Capital.

Details: Provides security solutions and ecommerce solutions for e-tailers. The funding is the first call down of an expected $5.12M Series D round, according to a regulatory filing. The company previously raised a $13.25M round in early 2005 from Grotech Capital, Core Capital Partners, Hartford Ventures and Thomas Rutherford Inc.


Expresso Fitness

Sunnyvale, Calif.


Amount/Round: $12M/C

Investors: Physic Ventures (led), Sierra Ventures, Enterprise Partners Venture Capital.

Details: Develops interactive cardio fitness systems for the health club market. The company has now raised nearly $30M since 2005, including a $9M infusion last year. Andy Donner, director at Physic Ventures, has joined the board.


CitizenHawk Inc.

Aliso Viejo, Calif.


Amount/Round: $3M/B

Investors: Maveron.

Details: Develops technology that helps protect brands from cybersquatters.

SlideShare Inc.

San Francisco


Amount/Round: $3M/A

Investors: Venrock and individual investors.

Details: Operates an online platform for sharing PowerPoint and other presentations. David Siminoff, a partner at Venrock, has joined the board.


San Francisco


Amount/Round: $5M/B

Investors: Polaris Venture Partners (led), Global Venture Capital and individual investor Mitch Kapor (founder of Lotus Development Corp.).

Details: Develops a Web-based platform for building widgets, mashups, mini-sites, banners and other forms of interactive and distributable media content.




Amount/Round: $25M/C

Investors: DAG Ventures (led), Accel Partners, Trinity Ventures, Frazier Technology Ventures.

Details: Makes “social publishing platform” that lets people easily add their own content to websites, including audio, video and text. The company has now raised $40M in total funding.


Celleration Inc.

Eden Prairie, Minn.


Amount/Round: $25M/D

Investors: Venture Investors, Upper Lake Growth Capital, Baird Venture Partners, Aavin Equity Advisors, Triathlon Medical Ventures, New Science Ventures.

Details: Makes non-contact ultrasound devices for wound care and other medical applications. The company has now raised more than $55M since 2002.

MindFrame Inc.

Lake Forrest, Calif.


Amount/Round: $6M/A

Investors: SV Life Sciences, Intersect Partners.

Details: Develops mechanical devices for treating strokes. The company had previously raised $1M in seed funding.

OrthoHelix Surgical Devices

Akron, Ohio


Amount/Round: $7.3M/C

Investors: River Cities Capital Funds, Mutual Capital Partners.

Details: Develops medical devices for use in hand and foot reconstructive surgery.

SomaLogic Inc.

Boulder, Colo.


Amount/Round: $35M/A

Investors: Otsuka Pharmaceutical Co., Stronghold Capital, ProQuest Investments, Profundix, MorrGold, Quest Diagnostics Inc.

Details: Develops proteomics systems for medical diagnostics.

Veran Medical Technologies

St. Louis


Amount/Round: $4.8M/A

Investors: Prolog Ventures (led), Advantage Capital Partners and undisclosed individual investors.

Details: Develops image-guided medical devices for minimally invasive delivery of oncology therapies. The company also relocated its headquarters from Nashville.


Greentech Media Inc.

Cambridge, Mass.


Amount/Round: $2.75M/B

Investors: EGORA Holding (co-led), The Massachusetts Green Energy Fund (co-led), King Hill Capital, Lightspeed Venture Partners, Northport Private Equity.

Details: Operates an online media company covering the cleantech industry.


FireEye Inc.

Milpitas, Calif.


Amount/Round: $14.5M/C

Investors: DAG Ventures (led), Juniper Networks, JAFCO Ventures, SVB Capital, Norwest Venture Partners, Sequoia Capital.

Details: Provides network security systems. The company has now raised $34.5M in total VC funding since 2005.


Portland, Ore.


Amount/Round: $4.3M/B

Investors: Oxantium Ventures.

Details: Develops video surveillance equipment. The company had previously raised about $16.5M since 2002 from such firms as The Grosvenor Funds, SmartForest Ventures and In-Q-Tel.


Washington, D.C.


Amount/Round: $11M/A

Investors: Equity 11 Ltd.

Details: Provides identity theft protection and detection solutions.


Biz360 Inc.

San Mateo, Calif.


Amount/Round: $10M/B

Investors: Foundation Capital (led), Granite Ventures, Scale Venture Partners.

Details: Develops media and market intelligence software. The company has now raised nearly $50M in total VC funding, including a late 2006 venture recap from Foundation Capital and Scale Venture Partners.

deCarta Inc.

San Jose, Calif.


Amount/Round: $10.5M/C

Investors: Norwest Venture Partners, Mobius Venture Capital, Cardinal Venture Capital.

Details: Develops software for the location-based services industry. The funding is the first tranche of an expected $21M Series C round. The company has raised about $43M since 2003.


Los Angeles


Amount/Round: $8M/C

Investors: StarVest Partners (led), Steamboat Ventures, Shelter Capital Partner.

Details: Develops on-demand customer collaboration solutions. The company, f.k.a. ThinkPassenger, has now raised $20.5M in total VC funding. Larry Bettino, general partner of StarVest Partners, has joined the board.

SilkRoad Technology Inc.

Winston-Salem, N.C.


Amount/Round: $54M/NA

Investors: Foundation Capital (led), Azure Capital Partners, SilkRoad Equity and individual investors.

Details: Develops SaaS technology for talent management solutions. Cameron Lester, general partner at Azure Capital Partners, and Warren Weiss, general partner at Foundation Capital, have joined the board.



San Francisco


Amount/Round: $2M/A

Investors: Adobe Systems and individual investors, including Will Hearst, an affiliated partner at Kleiner Perkins Caufield & Byers.

Details: Operates a video sharing site. Will Hearst invested $2M in seed funding in the company last October.

Veodia Inc.

San Mateo, Calif.


Amount/Round: $8.3M/A

Investors: Clearstone Venture Partners, D.E. Shaw and individual investors, including Steven Berger (chairmain of iParadigms).

Details: Operates a live broadcasting and publishing platform.


Mozes Inc.

Palo Alto, Calif.


Amount/Round: $11.5M/B

Investors: Maveron, Norwest Venture Partners, North Bridge Venture Partners.

Details: Provides a mobile service that allows users to create and share content. The company has now raised more than $22M in funding since late 2006.


Tempe, Ariz.


Amount/Round: $34M/B

Investors: Doughty Hanson Technology Ventures (led), BayTech Venture Capital, Accel Partners, TVM Capital.

Details: Develops digital radio technology for the wireless industry. The company also has offices in Germany.




Amount/Round: $1.5M/A

Investors: RBC Venture Partners.

Details: Provides mobile content applications for smartphones. The funding brings the Series A round to about $8M.