LS9 Inc.
San Carlos, Calif.
www.ls9.com
Amount/Round: $15M/B
Investors: Lightspeed Venture Partners (led), Flagship Ventures, Khosla Ventures.
Details: Develops hydrocarbon biofuels. The company has now raised $20M since last year.
BIOTECH
APT Pharmaceuticals Inc.
Burlingame, Calif.
www.aptbio.com
Amount/Round: $22M/A
Investors: Versant Ventures, Great Point Partners, Vivo Ventures, Charter Life Sciences.
Details: Develops drugs for the prevention of lung transplant rejection. Camille Samuels of Versant and David Kroin of Great Point have joined the board. The company has now raised $30M in funding.
Hyperion Therapeutics Inc.
San Francisco
www.hyperiontx.com
Amount/Round: $15M/debt
Investors: Comerica Bank
Details: Develops drugs focused on gastroenterology and hepatology. The company recently raised $40M in second-round funding from Sofinnova Ventures, Highland Capital Partners, New Enterprise Associates and WRF Capital.
Metastatix Inc.
Tucker, Ga.
www.metastatix.com
Amount/Round: $35M/B
Investors: Frazier Healthcare Ventures (led), H.I.G. Ventures, S.R. One, The Aurora Funds, Advanced Technology Development Center, CM Capital, MedImmune Ventures, Georgia Venture Partners, Centrosome Ventures.
Details: Develops drugs focused on treating cancer and HIV.
Nysa Membrane Technologies Inc.
Burlington, Ontario
www.nysamembranes.com
Amount/Round: NA/B
Investors: Jove Investment Management, BDC Venture Capital.
Details: Develops a membrane-based platform technology for bioprocessing and bioanalytics.
Still River Systems Inc.
Littleton, Mass.
www.stillriversystems.com
Amount/Round: $6.9M/C
Investors: Z-3 Investors, American Shared Hospital Services.
Details: Develops proton therapy solutions.
CHIPS
Staccato Communications Inc.
San Diego
www.staccatocommunications.com
Amount/Round: $17.5M/NA
Investors: Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, Interwest Partners, Vision Capital.
Details: Develops ultrawideband and wireless USB communications chips. The company has now raised about $94M in total VC funding since 2003.
CLEANTECH
Luca Technologies Inc.
Golden, Colo.
www.lucatechnologies.com
Amount/Round: $14.6M/B
Investors: Kleiner Perkins Caufield & Byers, Oxford Bioscience Partners, BASF Venture Capital.
Details: Develops process of using microorganisms to convert domestic oil, organic-rich shale and coal resources into a clean, renewable energy. The funding is the first call down of a $20M Series B round, according to a regulatory filing.
COMMUNICATIONS
Asoka USA Corp.
Foster City, Calif.
www.asokausa.com
Amount/Round: $7M/A
Investors: Storm Ventures, Venrock.
Details: Provides powerline communications network solutions. The deal gives Asoka a PMV of $15M, CFO Jeff Chase told VentureWire.
CommPartners Connect
Las Vegas
www.commpartnersconnect.com
Amount/Round: $11M/NA
Investors: PAR Capital Management.
Details: Provides local exchange services for small and mid-sized businesses. The company has now raised more than $57M in total VC funding.
Reflex Photonics
Redwood City, Calif.
www.reflexphotonics.com
Amount/Round: $3M/A
Investors: FIER Succes (co-led), MSBi Capital (co-led), RESO Investments.
Details: Develops high-speed connectivity solutions.
Send Word Now
New York
www.sendwordnow.com
Amount/Round: $8.5M/C
Investors: Southpaw Asset Management (led), Ascend Venture Group.
Details: Provides on-demand alerting and response services using text messaging, telephones, mobile phones, email and handheld devices. The company has now raised about $20M to date.
INTERNET
Justin.tv
San Francisco
www.justin.tv
Amount/Round: NA/NA
Investors: Alsop Louie Partners.
Details: Provides a website for lifecasting and live video streaming of events.
Mesmo Inc.
Oakland, Calif.
www.mesmo.tv
Amount/Round: $500K/A
Investors: Felices Ventures, Maples Investments.
Details: Develops a Facebook application that provides for social video sharing.
Outside.in
Brooklyn, N.Y.
outside.in
Amount/Round: $1.5M/B
Investors: Union Square Ventures, Milestone Ventures, Village Ventures and individual investors.
Details: Develops local news and blog websites. Marc Andreessen reportedly did not re-up in the current round.
Podaddies
San Francisco
www.podaddies.com
Amount/Round: $1M/seed
Investors: The Band of Angels, The Angels Forum.
Details: Operates as an online video advertising startup.
ReachLocal Inc.
Woodland Hills, Calif.
www.reachlocal.com
Amount/Round: $52M/D
Investors: Rho Ventures (led), Galleon Crossover Fund, VantagePoint Venture Partners.
Details: Provides online advertising solutions for local businesses. The company previously raised nearly $15M in funding.
The Rubicon Project
Los Angeles
www.rubiconproject.com
Amount/Round: $4M/A
Investors: Clearstone Venture Partners.
Details: Provides an Internet advertising platform. The company also secured $2M in venture debt from Square1 Bank. The company was founded by Frank Addante, who was formerly CTO of L90.
Vidyo Inc.
Hackensack, N.J.
www.vidyo.com
Amount/Round: $12M/B
Investors: Rho Ventures (led), Sevin Rosen Funds, Star Ventures.
Details: Provides high-def video conferencing over the Internet. The company raised $5M in early stage funding in 2005.
WeGame.com Inc.
San Francisco
www.wegame.com
Amount/Round: $500K/seed
Investors: True Ventures, The Hit Forge.
Details: The stealth company expects to provide a new product for online gamers. Jared Kim co-founded WeGame.com last year while still a freshman at UC Berkeley. He previously co-founded Xingu Software, an online platform that connected gamers across mainland China.
MED TECH
AngioScore Inc.
Fremont, Calif.
www.angioscore.com
Amount/Round: $30M/E
Investors: Telegraph Partners led the deal, and was joined by return backers Psilos Group Management, QuestMark Partners, UV Partners, California Technology Ventures, Innomed Ventures.
Details: Develops angioplasty catheters for use in the treatment of coronary and peripheral artery disease. The company previously raised more than $45M in VC funding, including a $30M Series D round last year at a PMV of about $75M.
Apollo Endosurgery Inc.
Austin, Texas
www.apolloendo.com
Amount/Round: $11.5M/A
Investors: PTV Sciences, H.I.G. Ventures and individual investors.
Details: Develops medical devices for minimally invasive surgical procedures conducted through natural orifices, such as the nose. The company was incubated by PTV Sciences and initially funded through a seed grant from the University of Texas Medical Branch at Galveston in 2006.
CeraPedics Inc.
Lakewood, Colo.
www.cerapedics.com
Amount/Round: $15M/A
Investors: OrbiMed Advisors.
Details: Develops products for the orthopedic bone substitutes market. Medical Capital Advisors served as a placement agent.
Iasis Medical Inc.
Hastings, Minn.
URL NA
Amount/Round: $1.5M/A
Investors: NA
Details: A medical device startup. The funding is the first close of an expected $10.5M Series A round, according to a regulatory filing. No investor information was disclosed, although Bill Younger of Sutter Hill Ventures is on the company board.
Optherion Inc.
New Haven, Conn.
www.optherion.com
Amount/Round: $37M/A
Investors: Quaker BioVentures, Domain Associates, Johnson & Johnson Development Corp., Purdue Pharmaceutical Products, Pappas Ventures, Biogen Idec New Ventures, GE Healthcare Financial Services.
Details: Develops products to diagnose and treat age-related macular degeneration.
Simplex Diabetic Supply Inc.
Brentwood, Tenn.
www.nea.com
Amount/Round: NA/A
Investors: New Enterprise Associates.
Details: Supplies Medicare diabetes products. Chip Linehan and Ryan Durant of NEA have joined the board.
Spinal Restoration Inc.
Austin, Texas
www.spinalrestoration.com
Amount/Round: $16M/B
Investors: Santé Health Ventures, MB Venture Partners, Austin Ventures, Path4 Ventures.
Details: Develops a minimally invasive treatment for lower back pain.
SECURITY
ConSentry Networks Inc.
Milpitas, Calif.
www.consentry.com
Amount/Round: $21M/E
Investors: Teachers’ Private Capital (led), Translink Capital, NCD Investors, Sequoia Capital, Accel Partners, INVESCO Private Capital, DAG Ventures.
Details: Provides network security solutions. The company has now raised $72M in total VC funding.
FraudSciences Corp.
Palo Alto, Calif.
www.fraudsciences.com
Amount/Round: $11M/B
Investors: Redpoint Ventures (led), BRM Capital.
Details: Provides online credit detection and protection.
Verimatrix
San Diego
www.verimatrix.com
Amount/Round: $5M/D
Investors: Crescendo Ventures, Mission Ventures, Cipio Partners
Details: Provides content security technologies for pay-TV networks. The company has raised about $27M since 2005.
SOFTWARE
Comet Solutions
Albuquerque, N.M.
www.cometsolutions.com
Amount/Round: $2M/A
Investors: Flywheel Ventures, Fort Washington Capital Partners Group, ITU Ventures, New Mexico Angels.
Details: Provides simulation software for product development.
MyBuys Inc.
Redwood City, Calif.
www.mybuys.com
Amount/Round: $10M/B
Investors: Palomar Ventures (led), Lightspeed Venture Partners.
Details: Provides behavioral recommendation software for online retailers.
Octavian
Woburn, Mass.
www.octavian-tech.com
Amount/Round: $10M/B
Investors: Vertex Venture Capital (led), Carmel Ventures, Gemini Israel Funds.
Details: Develops managed account software products for the financial services industry. Elisheva Yakobovich, partner at Vertex Venture Capital, has joined the board.
SeaTab Software Inc.
Bellevue, Wash.
www.seatab.com
Amount/Round: $9M/B
Investors: Emergence Capital Partners (led), Trident Capital.
Details: Provides on-demand analytics for small and mid-sized businesses.
WIRELESS COMMUNICATIONS
Catalyst Mobile
Emeryville, Calif.
www.catalystmobile.com
Amount/Round: $10M/B
Investors: Sofinnova Ventures (led), DCM.
Details: Distributes entertainment content to handheld devices. The company previously raised about $4.5M.
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