Week in deals, Nov. 16, 2009

CLEANTECH

ElectraTherm Inc.

Carson City, Nev.

www.electratherm.com

Amount/Round: $5.4M/NA

Investors: Undisclosed investors.

Details: Develops waste-heat recovery technology. The company has now raised about $10M in total funding.

CONSUMER ENTERTAINMENT

Six Degrees Games Inc.

Marina Del Rey, Calif.

www.sixdegreesgames.com

Amount/Round: $7M/B

Investors: Time Warner Investments (led), Clearstone Venture Partners and Prism VentureWorks.

Details: Publishes video games for gaming consoles and personal computers, and it develops sports-themed virtual worlds designed for users six to 14-years-old. The company has now raised $14M in funding.

CONSUMER INTERNET

Eventbrite

San Francisco

www.eventbrite.com.

Amount/Round: $6M/C

Investors: Sequoia Capital.

Details: Operates an online events marketplace. Roelof Botha, partner at Sequoia Capital, has joined the board as a director. The company has now raised $8M in total funding. Previous investors include Bebo co-founders Michael & Xochi Birch; Jeff Clavier; YouTube co-founder Jawed Karim; former PayPal founding executives David Sacks and Keith Rabois; angel investor Ron Conway; and Flixster co-founders Saran Chari and Joe Greenstein.

Everlater Inc.

Boulder, Colo.

www.everlater.com

Amount/Round: NA/A

Investors: Highway 12 Ventures.

Details: Operates an online site for users to share travel experiences. George Mulhern, general partner of Highway 12, has joined the board.

ECOMMERCE

Prosper

San Francisco

www.prosper.com

Amount/Round: NA/NA

Investors: QED Investors.

Details: Operates an online marketplace for peer-to-peer lending. QED Managing Partner Nigel Morris, co-founder of Capital One, has joined the board. The company previously raised about $40M in funding from Accel Partners, Benchmark Capital, Fidelity Ventures, DAG Ventures, Meritech Capital Partners and Omidyar Network.

HEALTH CARE

SDI Health

Plymouth Meeting, Penn.

www.sdihealth.com

Amount/Round: NA/NA

Investors: Tailwind Capital.

Details: Provides health care analytics. The company had previously raised funding from LLR Partners.

INTERNET MARKETING

AppNexus Inc.

New York

www.appnexus.com

Amount/Round: $5M/C

Investors: Kodiak Venture Partners (led), Venrock and First Round Capital.

Details: Develops a virtualized global cloud computing platform specifically tailored for online advertising applications. The company has now raised $13M in total funding.

MED TECH

Light Sciences Oncology Inc.

Snoqualmie, Wash.

www.lsoncology.com

Amount/Round: $35M/debt

Investors: Adams Street Partners, Essex Woodlands Health Ventures and Nova AS.

Details: Develops light infusion technology for the treatment of cancer. The company had filed for an IPO in early 2006, but pulled it in 2008 citing “unfavorable market conditions.” At the time, LSO had raised nearly $99M in VC funding since 2005 from Essex Woodlands Health Ventures, Scandinavian Life Science Venture, Novo AS, New Science Ventures, China Industrial Development Bank and Johnson & Johnson Development Corp.

Spinal Modulation Inc.

Menlo Park, Calif.

www.spinalmodulation.com

Amount/Round: $27.4M/C

Investors: Johnson & Johnson Development Corp. (led), DFJ InCube Ventures, Raffles Venture Partners, DeNovo Ventures, Draper Fisher Jurvetson ePlanet Ventures, Kleiner Perkins Caufield & Byers and MedVenture Associates.

Details: Develops spinal cord stimulator system to treat patients suffering from chronic pain. The company has now raised about $35M in total funding.

Tethys Bioscience Inc.

Emeryville, Calif.

www.tethysbio.com

Amount/Round: $25M/D

Investors: Capital AG (led), Wasatch Advisors, Mohr Davidow Ventures, Kleiner Perkins Caulfield & Byers and Intel Capital.

Details: Develops multi-biomarker technology. The company had previously raised about $54M in funding.

NETWORKING

BlueCat Networks

Toronto

www.bluecatnetworks.com

Amount/Round: $11M/NA

Investors: Bridgescale Partners.

Details: Provides enterprise-class IP address management platforms.

PHARMACEUTICALS

Altair Therapeutics Inc.

San Diego

www.altairthera.com

Amount/Round: $17M/A

Investors: Domain Associates (led), AgeChem Venture Fund, Thomas, McNerney & Partners, Forward Ventures and Isis Pharmaceuticals.

Details: Develops drugs focused on respiratory diseases.

BioVex Inc.

Woburn, Mass.

www.biovex.com

Amount/Round: $30M/F

Investors: Morningside Venture (co-led), Ventech (co-led) and MVM Life Science Partners (co-led), Sectoral Asset Management and Ysios Capital Partners.

Details: Develops drugs to treat advanced melanoma. The funding brings the Series F round total to $70M, following a $40M first close in March. Forbion Capital Partners had led the initial tranche, alongside Credit Agricole Private Equity, Harris & Harris Group, Innoven Partners, New Science Ventures, Triathlon Medical Venture Partners and Scottish Equity Partners. The company has now raised about $180M in total funding.

Metabolex Inc.

Hayward, Calif.

www.metabolex.com

Amount/Round: $8.6M/E

Investors: Alta Partners, Venrock, Versant Ventures, Bay City Capital, VantagePoint Venture Partners, Novo Ventures, Pictet, Next Chapter Holdings, Charter Ventures, Merlin Biomed and Birchmere Ventures

Details: Develops drugs to treat diabetes and other metabolic disorders. The company previously raised about $196M in total VC funding since 1996, including a 2003 financial restructuring.

Zyngenia Inc.

Rockville, Md.

www.zygenia.com

Amount/Round: $10M/A

Investors: New Enterprise Associates.

Details: Operates as a biotherapeutics company focused on antibody drug development.

SEMICONDUCTORS

RPO Inc.

San Jose, Calif.

www.rpo.biz

Amount/Round: $19.3M/C

Investors: BASF Venture Capital, JAFCO, Jolimont Capital, Allen & Buckeridge and Neo Technology Ventures.

Details: Develops optical touch technology for consumer electronics, telecom and data communications applications.

SandForce Inc.

Santa Clara, Calif.

www.sandforce.com

Amount/Round: $21M/C

Investors: TransLink Capital (led), UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures, A-Data Technology, DCM, Storm Ventures and undisclosed investors.

Details: Develops flash solid-state drive processors. Jackie Yang, managing director of TransLink Capital, has joined the board.

Stretch Inc.

Sunnyvale, Calif.

www.stretchinc.com

Amount/Round: $10M/NA

Investors: Worldview Technology Partners, Oak Investment Partners and Menlo Ventures.

Details: Makes software-configurable processors. The company previously raised nearly $115M in funding.

SOFTWARE

Apprenda Inc.

Albany, N.Y.

www.apprenda.com

Amount/Round: $5M/NA

Investors: New Enterprise Associates (led) and High Peaks Capital.

Details: Develops general purpose platforms for software as a service applications. Peter Sonsini, partner at NEA, and Tom Grossi, principal at NEA, have joined the board.

Plex Systems Inc.

Auburn Hills, Mich.

www.plex.com

Amount/Round: $6M/NA

Investors: Apax Partners.

Details: Develops software to automate business processes.

TECHNOLOGY

DLT Solutions

Herndon, Va.

www.dlt.com

Amount/Round: NA/NA

Investors: TZP Group

Details: Operates as a reseller of IT products and services to public and private sector clients.

Mandelbrot Project Inc.

Boulder, Colo.

www.themandelbrotproject.com

Amount/Round: $500K/A

Investors: Foundry Group.

Details: Details of the company are unknown. The stealth-mode startup was founded by former Daily Candy CEO Pete Sheinbaum. Seth Levine, a partner at Foundry, is on the Mandelbrot board.