Week in deals, Nov. 17, 2008

CLEANTECH

Carbonflow Inc.

San Francisco

www.carbonflow.com

Amount/Round: NA/A

Investors: @Ventures.

Details: Develops software for carbon market participants. The company previously held a $2.9M first close on the Series A round from Clean Pacific Ventures, OVP Venture Partners and Meridian Energy Ltd.

Planet Metrics

Burlingame, Calif.

planetmetrics.com

Amount/Round: $2.3M/A

Investors: Draper Fisher Jurvetson and individual investors.

Details: Provides software and services to track carbon emissions.

Solexant Corp.

San Jose, Calif.

www.solexant.com

Amount/Round: $18.2/B

Investors: Trident Capital, Firelake Capital, Medley Partners, X/Seed Capital.

Details: Develops low-cost photovoltaic cells. The company previously raised $4.3M.

Solix Biofuels

Fort Collins, Colo.

www.solixbiofuels.com

Amount/Round: $15.5M/A

Investors: I2BF Venture Capital (co-led), Bohemian Investments (co-led), Southern Ute Alternative Energy, Valero Energy Corp., Infield Capital.

Details: Develops algae-based intermediates for fuel and chemical production. Part of the funding includes a $5M equity commitment to help build an algae biofuel facility near Durango, Colorado.

COMMUNICATIONS

BTI Systems

Ottawa, Ontario

www.btiphotonics.com

Amount/Round: $15M/NA

Investors: Export Development Canada (led), VenGrowth Private Equity Partners, BDC Venture Capital, GrowthWorks Capital, Kodiak Venture Partners, Primaxis Technology Ventures, Lucent Venture Partners.

Details: Develops networking solutions for the delivery of gigabit services. The company previously raised about $41M in funding.

IntelePeer Inc.

San Mateo, Calif.

www.intelepeer.com

Amount/Round: $18M/C

Investors: VantagePoint Venture Partners (led), Kennet Venture Partners, NorthCap Partners, EDF Ventures.

Details: Provides communications infrastructure and services. The company previously raised about $20M.

CONSUMER GOODS

IdeaPaint

Boston

www.ideapaint.com

Amount/Round: $5M/A

Investors: Breakaway Ventures.

Details: Develops a commercial-grade paint that transforms smooth surfaces into dry-erase writing areas. The company was developed by John Goscha from a Babson College entrepreneur program.

CONSUMER INTERNET

GetBack Media Inc.

Los Angeles

www.getback.com

Amount/Round: $1.7M/A

Investors: Beringea (led) and undisclosed individual investors.

Details: Operates a social networking website for fans of pop culture.

HomeAway Inc.

Austin, Texas

www.homeaway.com

Amount/Round: $250M/NA

Investors: Technology Crossover Ventures (led), Institutional Venture Partners, Redpoint Ventures.

Details: Operates a website for classified listings of vacation rentals. The company previously raised more than $230M from IVP, Redpoint, Trident Capital, Austin Ventures and American Capital.

ImageShack Corp.

Los Gatos, Calif.

www.imageshack.us

Amount/Round: $15M/NA

Investors: Sequoia Capital.

Details: Operates an online image sharing website.

One True Media Inc.

Redwood City, Calif.

www.onetruemedia.com

Amount/Round: $8M/B

Investors: DAG Ventures, Kleiner Perkins Caufield & Byers.

Details: Operates an online site to share videos and photos. In addition, the company received $2M convertible notes.

Project Playlist

Palo Alto, Calif.

www.playlist.com

Amount/Round: $20M/NA

Investors: Pilot Group.

Details: Operates an online community where users create and share music playlists. The funding was first reported last week by TechCrunch. The company, which previously raised $3M from individual investors, has also hired former Facebook Chief Revenue Officer Owen Van Natta as CEO.

Second Rotation

Boston

www.gazelle.com

Amount/Round: $6M/B

Investors: RockPort Capital Partners (led), Venrock Associates and individual investors Austin Ligon and Henry Vogel.

Details: Operates an online marketplace for consumer electronics. The company has now raised nearly $12M since the beginning of the year.

ECOMMERCE

IKobo Inc.

Atlanta

www.ikobo.com

Amount/Round: $13M/NA

Investors: Total Technology Ventures, Council Ventures, WS Investments LLC, Silicon Alley Venture Partners, Greenhill Capital Partners, Global Bank of Commerce.

Details: Provides online electronic payment and remittance services.

ENTERTAINMENT & RECREATION

Machinima.com

Santa Cruz, Calif.

www.machinima.com

Amount/Round: $3.9M/NA

Investors: MK Capital.

Details: Operates an online content network that melds entertainment and gaming. Board members include Yair Landau, former head of Sony Pictures Digital; Joi Ito, CEO of Creative Commons; Matt Coffin, founder of LowerMyBills.com; Mark Terbeek, partner at MK Capital; and Allen DeBevoise, CEO of Machinima.

HEALTH CARE

Embrace Pet Insurance

Mayfield Village, Ohio

www.embracepetinsurance.com

Amount/Round: $2.1M/A

Investors: NCT Ventures.

Details: Provides pet health insurance. The company raised startup funding in 2004 from JumpStart Inc., a Cleveland-based venture development organization, and a group of individual investors, including Bill Acton, president and COO of Europe at the Great West Life Assurance Co.

INTERNET

Alice.com

Madison, Wis.

www.ikobo.com

Amount/Round: $4.3M/A

Investors: Kegonsa Capital Partners, DaneVest Tech Fund.

Details: Operates an online platform for connecting manufacturers and consumers in the packaged goods market. The company was co-founded by Brian Wiegand and Mark McGuire, who previously co-founded venture-backed Jellyfish.com, which sold to Microsoft Corp. in September 2007.

PeerApp Ltd.

Newton, Mass.

www.peerapp.com

Amount/Round: $8M/B

Investors: Pilot House Ventures, Evergreen Venture Partners, Cedar Fund.

Details: Provides peer-to-peer infrastructure solutions for Internet service providers. The company raised a $3M Series A round in December 2007.

INTERNET MARKETING

AdMeld Inc.

New York

www.AdMeld.com

Amount/Round: $7M/A

Investors: Foundry Group, Spark Capital

Details: Provides online advertising optimization and integration. The company also named Michael Barrett its CEO. Barrett previously was with Fox Interactive Media as executive vice president and chief revenue officer.

MED TECH

Molecular Biometrics Inc.

Chester, N.J.

www.molecularbiometrics.com

Amount/Round: $12M/A

Investors: Safeguard Scientifics, Oxford Bioscience Partners.

Details: Develops molecular diagnostic and monitoring for in vitro fertilization. The company plans to relocate to Boston next year.

Precision Therapeutics Inc.

Pittsburgh

www.precisiontherapeutics.com

Amount/Round: $43M/F

Investors: Longitude Venture Partners (led), Adams Capital Management, Quaker BioVentures, Birchmere Ventures, Techno Venture Management, Draper Triangle Ventures

Details: Develops tests to measure effectiveness of chemotherapy treatments. The company has now raised more than $125M in total VC funding since its 1995 inception.

Valeritas Inc.

Parsippany, N.J.

www.valeritas.com

Amount/Round: $50M/NA

Investors: Abingworth Management, Advanced Technology Ventures, Biovalve Technologies, HLM Venture Partners, MPM Capital, Onset Ventures, Pitango Venture Capital, U.S. Venture Partners.

Details: Develops drug delivery systems for the diabetes market. The funding is the first close of an $87M round, according to a regulatory filing.

PHARMACEUTICALS

Accera Inc.

Broomfield, Colo.

www.accerapharma.com

Amount/Round: $35M/C

Investors: Inventages Venture Capital (led), Posco BioVentures.

Details: Develops drugs focused on Alzheimer’s disease and related neurodegenerative diseases. The company has now raised about $49M in venture funding since 2004.

Prolexys Pharmaceuticals Inc.

Salt Lake City

www.prolexys.com

Amount/Round: $20M/A

Investors: Friedli Corporate Finance.

Details: Develops cancer drugs using a proteomics technology platform. The company previously raised about $85M in funding.

Psyadon Pharmaceuticals Inc.

Germantown, Md.

www.ruxtonrx.com

Amount/Round: $8M/A

Investors: New Enterprise Associates.

Details: Develops drugs for the treatment of neurodegenerative diseases. James Barrett, general partner of NEA, has been named chairman. The company, f.k.a. Ruxton Pharmaceuticals, has now raised about $20M from NEA, Aberdare Ventures and Domain Associates.

ROBOTICS

Evolution Robotics Inc.

Pasadena, Calif.

www.evolution.com

Amount/Round: $13.9M/B

Investors: CMEA Ventures, Idealab, Quercus.

Details: Develops robotics technology. See story, page 1.

SECURITY

Trust Digital

McLean, Va.

www.trustdigital.com

Amount/Round: $14.5M/C

Investors: Summerhill Venture Partners (led), Fairhaven Capital, Core Capital Partners, Avansis Ventures, MMV Financial, Square 1 Bank.

Details: Provides security solutions for mobile devices and wireless networks. The company has now raised about $22M in funding since 2002.

SEMICONDUCTORS

Thorrn Micro Technologies Inc.

Santa Clara, Calif.

www.thorrn.com

Amount/Round: $8M/A

Investors: Foundation Capital, DCM.

Details: Develops air-cooling technologies for chip components.

SOFTWARE

New Relic Inc.

San Francisco

www.newrelic.com

Amount/Round: $6M/B

Investors: Trinity Ventures (led), Benchmark Capital.

Details: Develops application performance management software. The company raised $3.4M from Benchmark for its Series A round earlier this year. Benchmark General Partner Peter Fenton has been elected chairman of the board while Dan Scholnick, of Trinity, has joined the board.

OpenCandy

San Diego

www.opencandy.com

Amount/Round: $3.5M/A

Investors: Bessemer Venture Partners, O’Reilly AlphaTech Ventures and individual investors Reid Hoffman (chairman of LinkedIn.com and Mozilla) and Jordan Greenhall (co-founder and former CEO of DivX). David Cowan of Bessemer Venture Partners has joined the board.

VOIP

iSkoot Inc.

San Francisco

www.iskoot.com

Amount/Round: $19M/C

Investors: Vision Opportunity Master Fund (led), Charles River Ventures, Khosla Ventures, Jesselson Capital Corp., ZG Ventures.

Details: Provides technology that allows users to make Internet voice calls. The company had previously raised just over $15M.

WIRELESS COMMUNICATIONS

Mogreet Inc.

Venice, Calif.

www.mogreet.com

Amount/Round: $5M/B

Investors: Ascend Ventures, Black Diamond Ventures, Spyglass Ventures, DFJ Frontier.

Details: Provides mobile text messaging, video content and related technology. Chris Lucas, a managing partner at Black Diamond Ventures, and Sharon Graves, a partner at Ascend Ventures, have joined the board.