Week in deals, Oct. 12, 2009

BIOTECH

Adimab Inc.

Lebanon, N.H.

www.adimab.com

Amount/Round: $8.2M/D

Investors: Google Ventures (led), OrbiMed Advisors, Borealis Ventures, Polaris Venture Partners and SV Life Sciences.

Details: Develops a human antibody discovery platform in yeast. The company previously raised about $13.5M in funding.

CLEANTECH

Achates Power Inc.

San Diego

www.achatespower.com

Amount/Round: $12M/NA

Investors: Sequoia Capital, Madrone Capital Partners, Rockport Capital Partners and InterWest Partners.

Details: Develops fuel-efficient engine technology. The funding is the first close of a $20M funding round, according to a regulatory filing.

Liquid Environmental Solutions

Dallas

www.liquidenviro.com

Amount/Round: $20M/NA

Investors: Craton Equity Partners.

Details: Provides non-hazardous liquid waste collection and treatment services. The company also has an office in San Diego.

ECOMMERCE

eCommLink

Las Vegas

www.ecommlink.com

Amount/Round: $10M/NA

Investors: Syntek Capital.

Details: Provides prepaid debit card processing.

QSecure Inc.

Los Altos, Calif.

www.qsecure.com

Amount/Round: $10M/D

Investors: Worldview Technology Partners, Allegis Capital, UMC Capital, and Société Générale.

Details: Provides a payment platform. The company previously raised $27.25M in funding.

EDUCATION

Carnegie Speech Co.

Pittsburgh

www.carnegiespeech.com

Amount/Round: $2.2M/A

Investors: In-Q-Tel.

Details: Develops software for assessing and teaching spoken language skills. The company previously raised $6M from Osage Ventures.

EnglishCentral

Lexington, Mass.

www.englishcentral.com

Amount/Round: NA/seed

Investors: Atlas Venture and Google Ventures.

Details: Operates an English learning website for the Asian market. The company also has an office in Tokyo.

INTERNET MARKETING & ANALYTICS

Bluefin Labs

Somerville, Mass.

www.bluefinlab.com

Amount/Round: NA/seed

Investors: Kepha Partners.

Details: Develops technology for analyzing and indexing sports video. The company also has secured about $500K in SBIR grants. Co-founder Michael Fleischman developed the technology behind the company while at MIT Media Lab.

Next Big Sound Inc.

Boulder, Colo.

www.nextbigsound.com

Amount/Round: $585K/seed

Investors: Foundry Group.

Details: Provides online music analytics to track the popularity of bands. A regulatory filing indicates the round is targeted at just over $1M.

Visible Measures Corp.

Boston

www.visiblemeasures.com

Amount/Round: NA/C

Investors: DAG Ventures.

Details: Provides online video analytics. The company previously held a $10M first close on the round from Northgate Capital, General Catalyst Partners and Mohr Davidow Ventures.

Yext

New York

www.yext.com

Amount/Round: $25M/NA

Investors: Institutional Venture Partners (led) and Sutter Hill Ventures.

Details: Provides local Internet advertising services. The company was founded in 2006 and previously raised funding from Sutter Hill.

GAMING & ENTERTAINMEN
T

PopCap Games

Seattle

www.popcap.com

Amount/Round: $22.5M/NA

Investors: Meritech Capital Partners (led) and individual investors Larry Bowman and John McCaw.

Details: Develops video games, such as Bejeweled, Peggle and Plants vs. Zombies, for multiple platforms.

MED TECH

ABT Molecular Imaging

Knoxville, Tenn.

URL NA

Amount/Round: $9M/A

Investors: Intersouth Partners (led) and individual investors.

Details: Develops a production platform to generate unit doses of molecular imaging drugs.

Accumetrics Inc.

San Diego

www.accumetrics.com

Amount/Round: $16.5M/NA

Investors: Arnerich Massena, BBT Fund/Apothecary Capital, Essex Woodlands Health Ventures, Kaiser Permanente Ventures and RiverVest Venture Partners.

Details: Provides a diagnostic system for measuring an individual’s response to multiple antiplatelet agents. The company previously raised more than $85M in funding. Chairman Tony Arnerich is the largest shareholder in the company.

Blue Belt Technologies Inc.

Pittsburgh

www.bluebelttech.com

Amount/Round: $2.4M/A

Investors: Pittsburgh Life Sciences Greenhouse and Innovation Works.

Details: Develops instruments for use in orthopedic and neurosurgery procedures. The company is a spin-off from Carnegie Mellon University.

Direct Flow Medical Inc.

Santa Rosa, Calif.

www.directflowmedical.com

Amount/Round: $40M/C

Investors: NA

Details: Develops a minimally invasive implant to treat heart valve disease. The funding is the first close of a $42.5M round, according to a regulatory filing. The company previously raised about $35M from Johnson & Johnson Development Corp., Foundation Medical Partners, VantagePoint Venture Partners, ePlanet Ventures, EDF Ventures, New Leaf Venture Partners and Spray Venture Partners.

Molecular Detection Inc.

Wayne, Penn.

www.detect-ready.com

Amount/Round: $3.3M/C

Investors: MentorTech Ventures (led), Ben Franklin Technology Partners, Robin Hood Ventures and the Mid-Atlantic Angel Group.

Details: Develops assay technology for diagnosing infectious diseases. Peter Linder, chairman of the executive committee of the Mid-Atlantic Angel Group, has joined the board. The company also has offices in Jerusalem, Israel.

ThermalTherapeutic Systems Inc.

Pittsburgh

www.thermaltherapeutics.com

Amount/Round: $2.75M/A

Investors: Originate Ventures (led), Pittsburgh Life Sciences Greenhouse and Innovation Works.

Details: Develops portable hyperthermic perfusion system to raise the temperature of the thoracic or peritoneal cavity.

TransEnterix Inc.

Durham, N.C.

www.spidersurgery.com

Amount/Round: $55M/B

Investors: Aisling Capital (led), Intersouth Partners, Quaker BioVentures, SV Life Science Advisers, Synergy Life Science Partners and Parish Capital Advisors.

Details: Develops less-invasive tools and techniques for gastro-intestinal surgical procedures. Dr. Andrew Schiff, a managing partner with Aisling, Dr. Garheng Kong, a general partner with Intersouth, and Dr. Matt Rieke, a partner with Quaker, have joined the board.

SEMICONDUCTORS

Peraso Technologies Inc.

Toronto

www.perasotech.com

Amount/Round: C$10M/A

Investors: Celtic House Venture Partners, iNovia Capital and VentureLink Funds.

Details: A fabless semiconductor company focused on the development of multi-gigabit, millimeter-wave transceivers.

SOFTWARE

Causata

San Francisco

www.causata.com

Amount/Round: $4.5M/A

Investors: Accel Partners.

Details: Develops software for optimizing customer experience and business results. The round closed in April, according to a recent regulatory filing. Causata founder Paul Phillips previously founded TouchClarity, which was sold to Omniture for $48.5M in 2007.

DataSync Corp.

Sioux Falls, S.D.

www.datasyncsuite.com

Amount/Round: $1.2M/A

Investors: Rain Source Capital.

Details: Develops a software platform for business applications.

Preparis

Atlanta

www.preparis.com

Amount/Round: $4.6M/NA

Investors: Fulcrum Ventures.

Details: Develops workforce software to help in disaster preparedness.

Racemi Inc.

Atlanta

www.racemi.com

Amount/Round: $2.5M/NA

Investors: Gray Ghost Ventures.

Details: Provides image-based provisioning software to automate data center operations. Serial entrepreneur Lawrence Guillory, who has been with the company since March 2008, was named CEO.

SANpulse Technologies

Jersey City, N.J.

www.SANpulse.com

Amount/Round: $5M/NA

Investors: Edison Venture Fund.

Details: Provides enterprise infrastructure software and services.

Vico Software

Boulder, Colo.

www.vicosoftware.com

Amount/Round: $3.6M/B

Investors: Borealis Ventures, Highway 12 Ventures, and Village Ventures.

Details: Develops software for the building and construction industries.

STORAGE

Xiotech Corp.

Eden Prairie, Minn.

www.xiotech.com

Amount/Round: $10M/NA

Investors: NA

Details: Provides data storage and business continuity solutions. In addition to the new equity funding, the company also secured $10M in debt funding. The company previously raised more than $160M in VC funding, including a 2002 recap led by Oak Investment Partners. In other Xiotech news, the company has named former EMC executive Alan Atkinson as its new CEO.

VIDEO

Blackwave

Acton, Mass.

www.blackwave.tv

Amount/Round: $7M/C

Investors: Globespan Capital Partners, Flybridge Capital Partners and Sigma Partners.

Details: Provides online video storage and delivery infrastructure. The company has now raised more than $29M in total VC funding.