Week in deals, Sept. 21, 2009

BIOTECH

Arginetix Inc.

Baltimore

www.arginetix.com

Amount/Round: $4.6M/B

Investors: Red Abbey Venture Partners and Quaker BioVentures.

Details: Produces biotechnology products and services. The company had previously raised $2.3M from Quaker BioVentures, Red Abbey Venture Partners, MedImmune Ventures, Maryland Health Care Product Development Corp. and Acidophil LLC.

VitaPath Genetics

Foster City, Calif.

www.vpgenetics.com

Amount/Round: $6M/A

Investors: Mohr Davidow Ventures (led) and X/Seed Capital.

Details: Develops molecular diagnostics to help correct genetic mutations. MDV’s Michael Goldberg and X/Seed’s Michael Borrus have joined the board.

CLEANTECH

Hara Software Inc.

Redwood City, Calif.

www.harasoftware.com

Amount/Round: $14M/B

Investors: Jafco Ventures (led), Nth Power and Kleiner Perkins Caufield & Byers.

Details: Develops on-demand environmental and energy management software. The company previously raised $6M in funding.

Seeo Inc.

Berkeley, Calif.

www.seeo.com

Amount/Round: $8.6M/NA

Investors: Khosla Ventures.

Details: Develops lithium-ion battery technology. The company previously raised $2M in seed funding from Khosla Ventures.

Soane Energy

Cambridge, Mass.

www.soaneenergy.com

Amount/Round: NA/A

Investors: Intervale Capital (led) and Chevron Technology Investments.

Details: Operates an oil extracting plant that reduces the environmental impact of crude oil exploration and production. The company is founded by David Soane, and will initially focus on the oil sands of Alberta, Canada.

COMMUNICATIONS

Blade Network Technologies Inc.

Santa Clara, Calif.

www.bladenetwork.net

Amount/Round: $10M/B

Investors: NEC Corp., Juniper Networks, Garnett & Helfrich and undisclosed investors.

Details: Provides data center networking technology.

InXpo

Chicago

www.InXpo.com

Amount/Round: $9M/A

Investors: Highland Capital Partners.

Details: Develops virtual meeting technology.

VeriVue

Westwood, Mass.

www.verivue.com

Amount/Round: $20M/C

Investors: Sigma Partners (led), Comcast Interactive Capital, North Bridge Venture Partners, Spark Capital and Matrix Partners.

Details: Develops networking solutions for distribution of digital media services. The company previously raised $65M from Comcast Interactive Capital, North Bridge Venture Partners, Matrix Partners, Spark Capital, Accel Partners and Arris Group.

ECOMMERCE

QSecure Inc.

Los Altos, Calif.

www.qsecure.com

Amount/Round: $5.25M/NA

Investors: Allegis Capital and Worldwide Technology Partners.

Details: Operates a secure payment platform. The company previously raised about $22M in funding from Allegis Capital, Worldview Technology Partners, Societe Generale and UMC Capital.

FOOD & BEVERAGES

Mix1 Beverage Co.

Boulder, Colo.

www.mix1life.com

Amount/Round: $6M/A

Investors: Highland Consumer Fund.

Details: Produces all-natural beverages. The funding will be used to help fund a national rollout.

INTERNET

Foursquare

New York

www.foursquare.com

Amount/Round: $1.35M/Seed

Investors: Union Square Ventures and O’Reilly AlphaTech Ventures.

Details: Provides online mobile social networking services.

Jobvite Inc.

San Francisco

www.jobvite.com

Amount/Round: $8.25M/B

Investors: ATA Ventures (led) and CMEA Capital.

Details: Develops online application and recruiting tracking solutions. The company has now raised more than $15M in funding.

Rosso Corp.

Austin, Texas

URL NA

Amount/Round: $2M/A

Investors: Austin Ventures.

Details: A consumer-focused Internet startup operating in stealth mode. The company was founded by Manuel Rosso, an Austin Ventures entrepreneur-in-residence since last November. Rosso left Dell Inc. in 2006 after seven years with the company.

INTERNET MARKETING

iSocket

Mountain View, Calif.

www.isocket.com

Amount/Round: $2M/A

Investors: Individual investors Tim Draper and Jeff Clavier.

Details: Operates as an ad sales platform.

MED TECH

ValenTx Inc.

Carpinteria, Calif.

www.valentx.com

Amount/Round: $22M/B

Investors: SV Life Sciences (led), Covidien Ventures, EDF Ventures, Affinity Capital Management, Kaiser Permanente Ventures, TGap Ventures and Sapient Capital Management.

Details: Develops minimally invasive treatments for morbid obesity.

NETWORKING

Tervela Inc.

New York

www.tervela.com

Amount/Round: $18M/D

Investors: Goldman Sachs, North Hill Ventures, Acartha Group and Sigma Partners.

Details: Provides appliance-based messaging technology. The company previously raised about $26M in funding.

PHARMACEUTICALS

Alvine Pharmaceuticals Inc.

San Carlos, Calif.

www.alvinepharma.com

Amount/Round: $21.5M/A

Investors: Panorama Capital (led), InterWest Partners, Prospect Venture Partners, Sofinnova Ventures, Black River Asset Management and Flagship Ventures.

Details: Develops treatments for Celiac disease and other gastrointestinal diseases. The funding brings the Series A round up to $47.5M.

SEMICONDUCTORS

DisplayLink Corp.

Palo Alto, Calif.

www.displaylink.com

Amount/Round: $8M/D

Investors: Atlas Venture, Benchmark Capital and DFJ Esprit

Details: Develops semiconductors focused on network displays. The company previously raised about $51M from AtlasVenture, DFJ Esprit, Balderton Capital and DAG Ventures.

SOFTWARE

Acadia Human Capital Solutions

Columbia, S.C.

www.acadiahcs.com

Amount/Round: $5M/NA

Investors: Intersouth Partners (led) and C&B Capital.

Details: Develops strategic human resources software. Nate DaPore and John Smith, former executives at Benefitfocus, are president and CEO, respectively, of Acadia.

Akorri NetworksInc.

Littleton, Mass.

www.akorri.com

Amount/Round: $5M/NA

Investors: NA

Details: Develops management software for the virtualized data center. The funding is the first close of a $5.89M VC round, according to a regulatory filing. The company previously raised more than $45M from Matrix Partners, North Bridge Venture Partners, Sigma Partners and BlueStream Ventures.

BrightScope

San Diego

www.brightscope.com

Amount/Round: $2M/B

Investors: Individual investor Jim Caccavo of Steelpoint Capital Partners led the round and was joined by other individual investors.

Details: Provides 401k ratings and analytics.

EverNote Corp.

Sunnyvale, Calif.

www.evernote.com

Amount/Round: $2M/B

Investors: DoCoMo Capital.

Details: Provides information capturing technologies. The funding brings the Series B round to $6.5M, following a previous investment from Troika Dialog of Russia.

STORAGE

Avere Systems Inc.

Pittsburgh

www.averesys.com

Amount/Round: $15M/A

Investors: Menlo Ventures and Norwest Venture Partners.

Details: Develops enterprise storage solutions.

Gear6 Inc.

Mountain View, Calif.

www.gear6.com

Amount/Round: $4M/A

Investors: U.S. Venture Partners and InterWest Partners.

Details: Develops storage caching solutions. The funding is the first close of a $12.7M Series A round, according to a regulatory filing. The company previously raised more than $24M from USVP, InterWest and Horizon Ventures.

GreenBytes Inc.

Ashaway, R.I.

www.getgreenbytes.com.

Amount/Round: $8M/A

Investors: Battery Ventures.

Details: Develops data storage appliances.

VIDEO GAMES

Riot Games Inc.

Los Angeles

www.riotgames.com

Amount/Round: $8M/B

Investors: Benchmark Capital, FirstMark Capital and Tencent, a Chinese digital goods provider that operates an online gaming business.

Details: Publishes online games. Riot Games previously raised $7M in funding.

WIRELESS COMMUNICATIONS

Ozmo Devices

Palo Alto, Calif.

www.ozmodevices.com

Amount/Round: $7.5M/C

Investors: Granite Ventures, Intel Capital and Tallwood Venture Capital.

Details: Develops WiFi personal area network technology. The company previously raised about $25M in funding.