Week in deals, May 26, 2008

BIOTECH

Kythera Biopharmaceuticals Inc.

Calabasas, Calif.

www.kytherabiopharma.com

Amount/Round: $40M/C

Investors: JAFCO (led), BBT Capital Management/Apothecary Capital, PFM, Versant Ventures, ARCH Venture Partners, Prospect Venture Partners, Altitude Life Science Ventures, Wilson Sonsini Goodrich and Rosati.

Details: Develops medicines for the aesthetic and medical dermatology markets. The company has now raised about $61M in total venture capital.

CHIPS

Fulcrum Microsystems Inc.

Calabasas, Calif.

www.fulcrummicro.com

Amount/Round: $29M/E

Investors: New Enterprise Associates (led), Infinity Capital, Palomar Ventures, Worldview Technology Partners, Granite Ventures.

Details: Develops circuit architecture for fabless semiconductors. NEA led the round with $15M. The company has now raised more than $96M in total VC funding.

Miragen Therapeutics Inc.

Boulder, Colo.

URL NA

Amount/Round: $8M/A

Investors: Atlas Venture (co-led), Boulder Ventures (co-led).

Details: Develops treatments for cardiovascular and muscle diseases.

Molecular Imprints Inc.

Austin, Texas

www.molecularimprints.com

Amount/Round: $12.9M/D

Investors: Draper Fisher Jurvetson, Tokyo Electron Venture Capital, Wafra Investment Advisory Group, KT Venture Group, Alloy Ventures, Motorola Ventures.

Details: Develops nano-imprint lithography systems for high-res and 3-D pattern replication for use in semiconductor manufacturing. The company has now raised $91M in total funding, including $15M in federal grants.

CLEANTECH

ECORE International

Lancaster, Penn.

www.ecoreintl.com

Amount/Round: $29M/NA

Investors: Element Partners.

Details: Makes recycled rubber products, including commercial rubber flooring, sport surfacing, playground and equine safety surfacing and automotive components.

EoPlex Technologies

Redwood City, Calif.

www.eoplex.com

Amount/Round: $4M/C

Investors: ATA Ventures (led), Draper Fisher Jurvetson, Labrador Ventures, Draper Richards.

Details: Develops miniature devices to generate, harvest and manage energy, The funding brings the Series C total to $12M. The company has raised more than $16M in funding since 2004.

COMMUNICATIONS

Actelis Networks

Fremont, Calif.

www.actelis.com

Amount/Round: $15M/F

Investors: Global Catalyst Partners, Dupont Capital, Carlyle Venture Partners, ATA Ventures.

Details: Provides broadband services over existing copper infrastructures. The company has raised about $165M in total VC funding since its 1998 inception.

CONSULTING

Aragon Consulting Group Inc.

San Francisco

www.aragoncg.com

Amount/Round: $2.5M/A

Investors: Tracer Capital.

Details: Provides technology consulting services.

CONSUMER INTERNET

Outside.in

Brooklyn, N.Y.

www.outside.in

Amount/Round: $3M/NA

Investors: New York City Investment Fund, Union Square Ventures, Milestone Venture Partners, Betaworks and individual investors, including George Crowley.

Details: Operates an online platform for sharing local news and information about neighborhoods.

Veotag Inc.

New York

www.veotag.com

Amount/Round: $1.2M/A

Investors: Small Ventures USA.

Details: Provides Internet publishing solutions for users to post audio and video. William Perkins III, founder of Houston, Texas-based Small Ventures, has joined the board.

EDUCATION

Knewton

New York

www.knewton.com

Amount/Round: $2.5M/A

Investors: Accel Partners, First Round Capital.

Details: In stealth mode, the company says that it is an online education startup, according to a regulatory filing. The company was founded by Jose Ferreira, a former partner with New Atlantic Ventures. Simon Levene, from Accel’s London office, and Josh Kopelman, of First Round, have joined the board.

HEALTH CARE

Prevarex Inc.

Novato, Calif.

URL NA

Amount/Round: $735K/A

Investors: Entrepreneurs Fund III and individual investors.

Details: Provides health care services. The company was founded by Dr. Dale Bredesen, CEO of the Buck Institute for Age Research.

ProCure Treatment Centers Inc.

Bloomington, Ind.

www.procurecenters.com

Amount/Round: $35M/B

Investors: McClendon Venture Co.

Details: Develops proton therapy centers for cancer patients. The company raised a prior $35M infusion from McClendon Venture Co. and individual investors in December 2006.

Proventys Inc.

Durham, N.C.

www.proventys.com

Amount/Round: $5.7M/A

Investors: Burrill & Co.

Details: Provides personalized medicine information services.

Talyst

Bellevue, Wash.

www.talyst.com

Amount/Round: $20M/C

Investors: AIG Investments, Ignition Partners, OVP Venture Partners.

Details: Provides medication tracking and management systems to hospitals and pharmacies. The round includes an up-front investment of $8.5M, with the remainder to be called down as needed. The company previously raised $29M in funding.

INTERNET

Clearspring Technologies Inc.

Arlington, Va.

www.clearspring.com

Amount/Round: $18M/C

Investors: New Enterprise Associates (led), Novak Biddle Venture Partners, ZG Ventures.

Details: Provides widget syndication services. The company had closed a $5.5 million Series B round in early 2007. Harry Weller, partner at NEA, and Nigel Morris, co-founder of Capital One, have joined the board, which includes, among others, Internet pioneers Steve Case, Ted Leonsis and Miles Gilburne.

Row 44

Westlake Village, Calif.

www.row44.com

Amount/Round: $21M/NA

Investors: PAR Capital Management.

Details: Provides airborne Internet connectivity for commercial aviation.

MARKETING

HubSpot

Cambridge, Mass.

www.hubspot.com

Amount/Round: $12M/B

Investors: Matrix Partners (led), General Catalyst Partners.

Details: Provides marketing services to small and mid-sized businesses. The company raised a $5M Series A round in July 2007 from General Catalyst.

JellyCloud Inc.

Redwood City, Calif.

www.jellycloud.com

Amount/Round: $11.5M/A

Investors: Softbank America, U.S. Venture Partners, Crosslink Capital, Sand Hill Capital.

Details: Provides behavioral targeting and Web analytics.

NearbyNow Inc.

Los Altos, Calif.

www.nearbynow.com

Amount/Round: $11.75M/C

Investors: Norwest Venture Partners (led), Draper Fisher Jurvetson, Draper Richards.

Details: Provides online marketing services for off-line retailers to convert Internet surfers into offline buyers. The company had previously raised $7.5M in funding.

MED TECH

Innovative Biosensors Inc.

Rockville, Md.

www.innovativebiosensors.com

Amount/Round: $9.5M/B

Investors: Life Sciences Partners (led), Harbert Venture Partners, Chart Venture Partners, New Markets Growth Fund, CNF Investments.

Details: Develops technologies for the detection of pathogens. The company also secured a $2M increase to its debt facility from Silicon Valley Bank.

Novasys Medical Inc.

Newark, N.J.

www.novasysmedical.com

Amount/Round: $49.5M/D

Investors: Versant Ventures (led), Three Arch Partners, Skyline Ventures, Affinity Capital Management, Alloy Ventures, Delphi Ventures, GBS Venture Partners, INVESCO Private Capital, JPMorgan Partners (managed by Panorama Capital), ONSET Ventures.

Details: Develops medical devices to treat female stress urinary incontinence.

OmniGuide Inc.

Cambridge, Mass.

www.omni-guide.com

Amount/Round: $25M/E

Investors: Psilos Group (led), Stata Venture Partners, 3i, Argonaut Ventures, ESI, Gainesborough Investments, Westbury Partners and individual investors Jeff Swartz and Ray Stata.

Details: Develops a flexible CO2 laser scalpel for minimally invasive surgeries. The company has now raised $75M since 2000.

SECURITY

Mocana

San Francisco

www.mocana.com

Amount/Round: $7M/B

Investors: Southern Cross Venture Partners (led), Shasta Ventures.

Details: Provides security solutions for network devices. The company raised $3.5M from Shasta in 2006.

Mu Dynamics

Sunnyvale, Calif.

www.mudynamics.com

Amount/Round: $10M/C

Investors: Focus Ventures (led), Accel Partners, Benchmark Capital, DAG Ventures.

Details: Provides network security solutions. The company, f.k.a. Mu Security, previously raised about $15M in funding.

Unitrends

Columbia, S.C.

www.unitrends.com

Amount/Round: $9M/C

Investors: Paladin Capital Group (led), Aurora Funds, Harbert Venture Partners, Trelys Funds.

Details: Provides enterprise data protection software and appliances. The company has now raised about $20M in funding since 2004.

SOFTWARE

Agito Networks Inc.

Sunnyvale, Calif.

www.agitonetworks.com

Amount/Round: $10M/B

Investors: Castile Ventures (led), Battery Ventures.

Details: Develops software focused on enterprise mobility.

Increo Solutions

Palo Alto, Calif.

www.increosolutions.com

Amount/Round: NA/seed

Investors: Draper Fisher Jurvetson.

Details: Develops collaboration software solutions.

Paylocity

Arlington Heights, Ill.

www.paylocity.com

Amount/Round: $10M/A

Investors: Adams Street Partners.

Details: Provides SaaS payroll and human resource solutions for mid-sized companies .

Razorsight Corp.

Fairfax, Va.

www.razorsight.com

Amount/Round: $9M/NA

Investors: Sierra Ventures.

Details: Develops business intelligence software and services.

based provider of on-demand financial business intelligence for communications, media and entertainment companies, has raised $9 million in additional VC funding from Sierra Ventures. Read more…

TopSchool Inc.

Denver

www.topschoolinc.com

Amount/Round: $3.2M/A

Investors: Alsop Louie Partners, Sienna Equity Partners.

Details: Provides SaaS student information services.

STORAGE

Aster Data Inc.

Redwood City, Calif.

www.asterdata.com

Amount/Round: NA/NA

Investors: Cambrian Ventures, First Round Capital, Sequoia Capital and individual investors Ron Conway, David Cheriton and Rajeev Motwani.

Details: Develops clustered databases for Web analytics. The company has been in stealth mode for three years. Doug Leone, from Sequoia Capital, and Anand Rajaraman, founding partner at Cambrian Ventures, are on the company board.

Mimosa Systems Inc.

Santa Clara, Calif.

www.mimosasystems.com

Amount/Round: $17M/D

Investors: Focus Ventures (led), August Capital, Clearstone Venture Partners, JAFCO Ventures, Mayfield Fund.

Details: Provides enterprise and email archiving and retrieval solutions. The company has now raised about $51M in funding since 2004.

WIRELESS COMMUNICATIONS

InnerWireless Inc.

Richardson, Texas

www.innerwireless.net

Amount/Round: $9.5M/debt

Investors: Silicon Valley Bank.

Details: Provides wireless voice and data services inside buildings. The company previously raised about $62M in VC funding since 1998 from Sevin Rosen Funds, Centennial Ventures, HO2 Partners, Johnson Controls Inc., Massey Burch Capital, Rho Ventures, StarTech Early Ventures and Technology Associates Management. The company also merged last year with PanGo Networks, which had raised $15M from IDG Ventures Boston, Columbia Capital and Investcorp.

Moblyng

Menlo Park, Calif.

www.moblyng.com

Amount/Round: $5.7M/A

Investors: Mohr Davidow Ventures, Deep Fork Capital.

Details: Allows users to “mobilize” social media content, such as photos, videos and other widgets. The company, f.k.a. FlipTrack Inc., raised $1.5M from Mohr Davidow in February 2007.

Telecom Transport Management Inc.

Seattle

www.ttmi.us

Amount/Round: $20M/debt

Investors: Columbia Partners Private Capital.

Details: Provides wireless communications services. The company previously raised $140M in funding from SeaPoint Ventures, Ignition Partners, Trilogy Equity Partners, Rally Capital, Columbia Capital, Battery Ventures, DCM, Highside Capital Management and T-Mobile Venture Fund.