Week in deals, Nov. 3, 2008

BIOTECH

Arcadia Biosciences Inc.

Davis, Calif.

www.arcadiabio.com

Amount/Round: $15M/B

Investors: Exeter Life Sciences (led), CMEA Ventures, BASF Venture Capital America, Saints Capital.

Details: Develops agricultural biotechnology products designed to lessen the impact on the environment and improve human health, such as safflower oil.

Arginetix Inc.

Baltimore

www.arginetix.com

Amount/Round: $2.3M/A

Investors: Quaker BioVentures (co-led), MedImmune Ventures (co-led), Red Abbey Venture Partners, Maryland Health Care Product Development Corp., Acidophil.

Details: Develops small molecule inhibitors of arginase. Geeta Vemuri (from Quaker BioVentures), Philippe Walker (AstraZeneca) and Matt Zuga (Red Abbey) have joined the board.

Promosome

New York

www.promosome.com

Amount/Round: $9.6M/B

Investors: NA

Details: Develops technologies related to the regulation of protein synthesis. The round was oversubscribed by $2.1M.

CLEANTECH

Envia Systems Inc.

Hayward, Calif.

www.enviasystems.com

Amount/Round: $3.2M/A

Investors: Bay Partners, Redpoint Ventures.

Details: Provides energy storage solutions using lithium ion batteries.

CONSUMER INTERNET

Crispy Gamer

New York

www.crispygamer.com

Amount/Round: $8.3M/A

Investors: Constellation Ventures and individual investors.

Details: Provides online marketing and entertainment services for gamers. The company, which says it will not accept advertising from game publishers, was co-founded by Chris Heldman, former head of media entertainment at Google, John Keefer, former editorial director at GameSpy, and Chris Hoerenz, former chief marketing officer at eMusic.

Glassdoor.com

Sausalito, Calif.

www.glassdoor.com

Amount/Round: $6.5M/B

Investors: Sutter Hill Ventures, Benchmark Capital.

Details: Operates as a social networking company focused on employment conditions in the workplace.

Helium

Andover, Mass.

www.helium.com

Amount/Round: $17M/A

Investors: Signature Capital (led), Northport Private Equity.

Details: Operates a how-to reference site. Separately, the company recently laid off 18 staffers, or 30% of its workforce.

Kriyari Inc.

San Jose, Calif.

www.kriyari.com

Amount/Round: $2.3M/A

Investors: Norwest Venture Partners.

Details: Operates online shopping site iStorez.com.

Metaplace

San Diego

www.metaplace.com

Amount/Round: $6.7M/NA

Investors: Charles River Ventures, Crescendo Ventures and individual investors Marc Andreessen and Ben Horowitz.

Details: Develops a platform that allows users to create virtual online worlds. The company has now raised $9.4M in funding.

TuneCore

New York

shorefire.com/clients/tunecore

Amount/Round: $7M/A

Investors: Opus Capital.

Details: Provides digital distribution of music through online retailers iTunes and Amazon. Gil Cogan, a general partner with Opus, has joined the board.

CONSUMER TECHNOLOGY

Roku

Saratoga, Calif.

www.roku.com

Amount/Round: $5M/C

Investors: Menlo Ventures.

Details: Makes digital media players, such as the Netflix Player.

ECOMMERCE

Zuora

Redwood City, Calif.

www.zuora.com

Amount/Round: $15M/B

Investors: Shasta Ventures, Lehman Brothers Venture Partners, Benchmark Capital and individual investor Mark Benioff (chairman and CEO of Salesforce.com).

Details: Develops on-demand subscription billing and payment services. The company has now raised $21.5M in total funding.

ENTERTAINMENT AND RECREATION

Ray Flame Entertainment Inc.

Cypress, Calif.

lord.webmmo.com

Amount/Round: $800K/A

Investors: InnoBridge Ventures.

Details: Develops multiplayer online games, such as “Lords of Evil.”

INTERNET

AdaptiveBlue

Livingston, N.J.

www.adaptiveblue.com

Amount/Round: $4.5M/B

Investors: RRE Ventures (led), Union Square Ventures.

Details: Develops a plug-in for the Firefox browser.

Pingg

New York

www.pingg.com

Amount/Round: NA/NA

Investors: Martha Stewart Living Omnimedia.

Details: Provides event management and customizable invitations that can be delivered electronically, in print or shared on social networking sites. The equity investment with Martha Stewart is part of a commercial partnership.

INTERNET ADVERTISING

Martini Media Network

San Francisco

www.martinimedianetwork.com

Amount/Round: $1.5M/A

Investors: Venrock

Details: Operates an online ad network focused on affluent individuals.

MED TECH

Baronova Inc.

Goleta, Calif.

www.baronova.com

Amount/Round: $7.5M/B

Investors: Allergan Inc. (led), Arboretum Ventures, Highland Capital Partners, Onset Ventures.

Details: Develops non-invasive devices to treat obesity. The company previously raised $9.6M.

Lutonix

Minneapolis

www.lutonix.com

Amount/Round: $20M/B

Investors: Versant Ventures (led), Delphi Ventures, U.S. Venture Partners.

Details: Develops drug-coated balloon angioplasty technology for the treatment of coronary and peripheral artery stenosis caused by atherosclerosis. Kevin Wasserstein, managing director of Versant Ventures, and John Maroney, managing director of Delphi Ventures, have joined the board.

PixelOptics Inc.

Roanoke, Va.

www.pixeloptics.com

Amount/Round: $30M/C

Investors: Longitude Capital (led), The Carlyle Group, Delphi Ventures, Stark Investments, Life Science Angels.

Details: Develops optics for use in spectacle lenses to treat presbyopia. The company has now raised about $69M since 2006.

Salient Surgical Technologies Inc.

Dover, N.H.

www.tissuelink.com

Amount/Round: $17.9M/F

Investors: Arnerich Massena & Associates (led), Medtronic, RiverVest Venture Partners, Piper Jaffray.

Details: Develops surgical devices for sealing blood vessels and other collagen-based structures. The funding, which is the company’s first new round since canceling an $86.25M IPO in August, brings its total venture capitalization since its 1999 founding to more than $105M.

MEDIA

Access 360 Media

Venice, Calif.

www.access360media.com

Amount/Round: $8M/B

Investors: Mission Ventures, Bessemer Venture Partners.

Details: Operates an in-store TV network targeting young adult consumers. The company had previously raised $4.25M.

Blip.tv

New York

www.blip.tv

Amount/Round: NA/B

Investors: Bain Capital Ventures.

Details: Operates as an online TV network that features independent shows on the Web. The company raised an undisclosed Series A round in June 2007 from Bain Capital Ventures and Lauder Partners.

NETWORKING

Darkstrand

Chicago

www.darkstrand.com

Amount/Round: $12M/A

Investors: Undisclosed individual investors.

Details: Provides high-speed connectivity for corporations.

PHARMACEUTICALS

Infacare Pharmaceutical Corp.

Trevose, Pa.

www.infacarepharm.com

Amount/Round: $28M/B

Investors: HealthCare Ventures (led), Longitude Capital, FirstMark Capital, Atlas Venture.

Details: Develops treatments of neonatal diseases. Harold Werner, a partner with HealthCare Ventures, has joined the board.

Mersana Therapeutics Inc.

Cambridge, Mass.

www.mersana.com

Amount/Round: $4M/NA

Investors: Fidelity Biosciences, Harris & Harris Group, PureTech Ventures, ProQuest Investments, Rho Ventures.

Details: Develops oncology agents to enhance the safety of cancer-fighting drugs. The company previously raised about $32M in funding.

Nora Pharmaceuticals Inc.

San Francisco

URL NA

Amount/Round: $25M/A

Investors: Burrill & Co. (led), Prospect Venture Partners, Vivo Ventures.

Details: Develops products for women’s reproductive health.

SEMICONDUCTORS

ZeroG Wireless Inc.

Sunnyvale, Calif.

www.zerogwireless.com

Amount/Round: $17M/B

Investors: Battery Ventures (led), Greylock Partners, Morgenthaler Ventures.

Details: Develops low-power Wi-Fi chips. The company previously raised a $13M first round from Greylock, Morgenthaler and Cisco Systems. Alex Benik, from Battery Ventures, has joined the board.

SOFTWARE

HyperQuality Inc.

Seattle

www.hyperquality.com

Amount/Round: $7.6M/C

Investors: Ignition Partners, Miramar Venture Partners, Rustic Canyon Partners.

Details: Provides contact center quality assurance software and services. The funding is the first close of an expected $12.1M Series C round, according to a regulatory filing. The company has now raised about $25M in funding since 2005.

iContact Corp.

Durham, N.C.

www.icontact.com

Amount/Round: $5M/debt

Investors: North Atlantic Capital.

Details: Provides email and Web-based marketing software for small and mid-sized business. The company previously raised $8.4M in VC funding from Updata Partners and IDEA Fund Partners.

IncentOne

Lyndhurst, N.J.

www.incentone.com

Amount/Round: NA/NA

Investors: Camden Partners.

Details: Develops HR software that provides incentive solutions for health care plans.

VIDEO

VBrick Systems Inc.

Wallingford, Conn.

www.vbrick.com

Amount/Round: $10.4M/F

Investors: Adams Capital Management, Menlo Ventures, Morgan Stanley Venture Partners, Redshift Ventures, Two River Associates.

Details: Provides live, online networked video solutions. The funding is the first close of an expected $15.7M Series F round, according to a regulatory filing. The company has now raised more than $50M in total funding since 1999.