Daily VC funding news

[TexasFilly]

As I rec. the daily VC news, I'll post it here. If this is of no use too some, please refreign from negative posts, as others may find this useful data.

Feb. 3-2003

The biggest round of the day was reported by Danger, developer of a mobile device that combines e-mail and instant messaging with a phone and other features that has closed its oversubscribed Series D round of financing at $35 million. Softbank Capital Partners led the round, which also included Meritech Capital Partners and a number of other new investors.

In early-stage funding, Rackable Systems, a provider of rack mount high-density server and storage systems, is expected to announce today that it has racked up a $21-million first round courtesy of Parthenon Capital and the appointment of Lightspeed venture partner Tom Barton as president and CEO. He replaces co-founder and chief technology officer Giovanni Coglitore.

In another Series A play, NanoGram Devices, developer of nanomaterials for medical components, has raised $9.2 million in a Series A financing co-led by Venrock Associates and Nth Power Technologies, VentureWire has learned. The company also announced its first CEO, Ken Westrick, who was CEO of publicly traded photonics and microwave company New Focus.

Breaking the $100 million mark, seven companies reported raising $110 million, with Wily Technology, a provider of performance management software for Java-based enterprise applications, expected to announce the close of its $15-million third round led by Focus Ventures with participation from Accel Partners and Greylock. - By John Fuller

Danger Closes Series D at $35 Million
PALO ALTO, CALIF. -- Danger, which has a developed a mobile device that combines e-mail and instant messaging with a phone and other features, has closed its oversubscribed Series D round of financing at $35 million, Hank Nothhaft, chairman and chief executive, told VentureWire. Mr. Nothhaft started the round last November, soon after he began his tenure at Danger, targeting $30 million. [full story]
http://www.danger.com


Rackable Systems Lands $21M in First Round, Names Pres. & CEO
SAN JOSE, CALIF. -- Rackable Systems, a provider of rack mount high-density server and storage systems, is expected to announce raising $21 million in its first round of funding. The company has also named Tom Barton as president and CEO. [full story]
http://www.rackable.com


NanoGram Devices Raises $9.2M Series A, Names First CEO
FREMONT, CALIF. -- NanoGram Devices, a developer of nanomaterials for medical components, has raised $9.2 million in Series A financing, VentureWire has learned. The company has also brought in Ken Westrick as its first chief executive officer. Mr. Westrick joins from New Focus, a publicly traded photonics and microwave technology company, where he also held the CEO position. [full story]
http://www.nanogramdevices.com


Wily Technology Gets $15M in Third Round
BURLINGAME, CALIF. -- Wily Technology, a provider of performance management software for Java-based enterprise applications, is expected to announce the close of its $15-million third round of financing today. [full story]
http://www.wilytech.com


FHP Wireless Tunes in $8.3M Series C Round
SAN MATEO, CALIF. -- FHP Wireless, a supplier of systems used to build metro-scale Wi-Fi networks, is expected to announce today it has raised $8.3 million in its Series C round of financing. [full story]
http://www.fhpwireless.com


Network Security Tech Firm Cryptek Locks Up $10M in Series B
STERLING, VA. -- Cryptek, a provider of network security appliances for protecting information assets, is expected to announce a $10-million Series B round of funding. [full story]
http://www.cryptek.com


Sana Security Launches First Product
SAN MATEO, CALIF. -- Sana Security, a provider of application security software, is expected to announce the launch of its first product, Primary Response. [full story]
http://www.sanasecurity.com


ACT Venture Capital Raises $183 Million Third Fund
DUBLIN -- Venture capital firm ACT Venture Capital said it raised EUR 170 million ($183 million) in its third fund. [full story]
http://www.actventure.com

 

[TexasFilly]

Eight companies reported raising $38 million, with a nice chunk of that going to Icera Semiconductor, a fabless semiconductor designer that raised a $10-million Series A co-led by Benchmark Capital and Atlas Venture, with each chipping in $5 million. The tight lipped company is developing a new class of processors designed to provide high performance with lower power consumption for use in end-user consumer and business-user products.

Meanwhile, Savantis Systems, a provider of database server consolidation appliances, said it raised $12 million in its Series B led by Sigma Partners with participation from Highland Capital Partners and Star Ventures. The company said it will use the funding for sales and marketing and business development as it plans to launch its product next month.

Finally on the personnel front, Espial, a developer of software for smart devices such as set-top boxes, screen phones, gaming consoles, and handheld devices, said former Spyglass president and chief operating officer Martin Leamy has joined the firm as CEO and director. Jaison Dolvane, who previously held the CEO post, remains president and a director. Mr. Leamy was president and chief operating officer of interactive television software maker OpenTV, and before that was president and chief operating officer of Spyglass, the startup that developed Moasic, the commercial Web browser software that Microsoft later used to develop its Internet Explorer. - By John Fuller

Fabless Semiconductor Startup Icera Raises $10M Series A
LONDON -- Icera Semiconductor, a fabless semiconductor designer, said it has raised $10 million in Series A funding. [full story]
http://www.icerasemi.com


Savantis Systems Lands $12 Million in Series B
LEXINGTON, MASS. -- Savantis Systems, a provider of database server consolidation appliances, said it raised $12 million in its Series B round of funding. [full story]
http://www.savantis.com


Former Spyglass, OpenTV President Martin Leamy Joins Espial as CEO
OTTAWA -- Espial, a developer of software for smart devices such as set-top boxes, screen phones, gaming consoles, and handheld devices, said former Spyglass president and chief operating officer Martin Leamy has joined the firm as CEO. Mr. Leamy will also join the board. [full story]
http://www.espial.com


Qpass Scores $2M More to Cap Series B at $12.7M
SEATTLE -- Qpass, a provider of activity management business system software for wireless carriers and other network operators, said it has raised an additional $2 million in Series B financing, closing the round at $12.7 million. [full story]
http://www.qpass.com


Candera Raises Additional $2.5M as Part of Second Round
MILPITAS, CALIF. -- Candera, a developer of network-based storage management systems, is expected to announce raising an additional $2.5 million as part of its second round of funding, which was originally closed in May 2002. [full story]
http://www.candera.com


Sightward Sees Another $1.5M to Cap Third Round at $4M
BELLEVUE, WASH. -- Sightward, a predictive analytics software and services provider, has raised another $1.5 million to close its third round of financing at $4 million, president and CEO Will Hodgman told VentureWire. [full story]
http://www.sightward.com


Convergys Acquires Communications Software Firm Cygent for $5 Million
CINCINNATI -- Convergys, a publicly traded provider of integrated billing, employee care, and customer care services, said it has acquired Cygent, a provider of Web-based customer, order, and service management software for the communications industry, for less than $5 million in cash. [full story]
http://www.convergys.com

 

[izopod]

I like this thread TF... Thanks for posting.

izopod

 

[TexasFilly]

Thankyou..
my pleasure...

 

[TexasFilly]

Wed. Feb. 5-2003 VC news.....

Although the company was founded in November 2001, Black Storm Networks, a developer of wireless switches using 802.11 standards, has just come out of stealth to announce that it has changed its name to Airespace and raised $15.5 million through two funding rounds, a Series A and B, it raised last year. The company is backed by Hotung Capital, KTB Ventures, Battery Ventures, Norwest Venture Partners, and Storm Ventures, which incubated the company.

In other early-stage funding, Avaki, a provider of commercial grid software, said it raised an additional $4.2 million in a third tranche of its Series A co-led by Polaris Venture Partners and General Catalyst with participation from Sofinnova Partners. The company will use the funds for market expansion, targeting industries such as life sciences, manufacturing, oil and gas, and financial services.

Overall, 11 companies reported raising $142 million, with Tropic Networks, which develops an optical packet networking system, raising $20 million in its Series C from investors including round leader Celtic House Venture Partners; Goldman Sachs Private Equity Group; Kodiak Venture Partners; Crescendo Ventures; and the Teachers' Merchant Bank, the private equity arm of the Ontario Teachers' Pension Plan.

In M&A news, Protein Design Labs, a publicly traded developer of therapeutics for cancer and certain immunologic disorders, will acquire Eos Biotechnology, a developer of genomics-based therapeutics and diagnostics tools, in a stock swap $37.5 million. Eos Biotechnology pulled the plug on plans to merge with publicly held pharmaceutical company Pharmacopeia a year ago in a deal that had been initially valued at approximately $197 million. Eos Biotechnology raised a total of $64 million from investors including Bay City Capital, Proquest, Venrock Associates, and Zesiger Capital Group. - By John Fuller

Black Storm, Now Airespace, Exits Stealth with $15.5M
SAN JOSE, CALIF. -- After keeping a low profile since its founding in November 2001, Black Storm Networks, a developer of wireless switches using 802.11 standards, will exit stealth mode this week and announce that it has changed its name to Airespace and has raised $15.5 million through two funding rounds. [full story]
http://www.airespace.com


Avaki Raises $4.2 Million in Third Tranche of Series A
BURLINGTON, MASS. -- Avaki, a provider of commercial grid software, said it raised an additional $4.2 million in a third tranche of Series A funding. [full story]
http://www.avaki.com


Protein Design Labs to Buy Eos Biotechnology in $37.5M Stock deal
SOUTH SAN FRANCISCO, CALIF. -- Eos Biotechnology, a developer of genomics-based therapeutics and diagnostics tools, announced that it has entered into a definitive merger agreement with Fremont, Calif.-based Protein Design Labs, a publicly traded developer of therapeutics for cancer and certain immunologic disorders. [full story]
http://www.eosbiotech.com
http://www.pdl.com


Tropic Networks Basks in $20M Series C Round
OTTAWA -- Tropic Networks, which develops an optical packet networking system, said it has raised $20 million in Series C financing. [full story]
http://www.tropicnetworks.com


Calix Raises $50 Million Series E, Names Carl Russo Pres. & CEO
PETALUMA, CALIF. -- After spending three years quietly working on its product, Calix, supplier of telecommunications infrastructure products designed to facilitate voice, data, and video service delivery to business and residential subscribers, has launched its first product with the support of $50 million in Series E financing. The company has also named former Cerent chief Carl Russo as president and CEO. [full story]
http://www.calix.com


Targesome Raises $5.5M in Ongoing D Round, Names New CEO
PALO ALTO, CALIF. -- Targesome, a biopharmaceutical company that is developing nanoparticle-based technology for the development of novel drugs, has raised $5.5 million in the first tranche of its Series D financing, in the company's second institutional round, according to newly appointed president and CEO George Dunbar. [full story]
http://www.targesome.com


Xora Closes Series B at $4 Million
MOUNTAIN VIEW, CALIF. -- Xora, a provider of wireless, voice, and alert extensions for enterprise applications, is expected to announce today that it raised $4 million in its Series B round of financing. [full story]
http://www.xora.com


H5 Technologies Raises $6.5 Million Series B
SAN FRANCISCO -- H5 Technologies, a developer of information discovery, analytic, and threat detection applications, said has closed $6.5 million in Series B financing. [full story]
http://www.h5technologies.com


Tronic's Microsystems Names Peter Pfluger CEO
GRENOBLE, FRANCE -- Tronic's Microsystems, a foundry providing MEMS and microsystems for the medical, telecommunications, and instrumentation markets, said it has appointed Peter Pfluger CEO. [full story]
http://www.tronics-mst.com

 

[TexasFilly]

Capping its Series A, Plaxo, provider of software for managing e-mail contact lists on computers, PDAs, and mobile phones, is expected to announce next week it has raised another $1.8 million to close out the round at $3.8 million. Sequoia Capital led the final tranche, providing $1.5 million, while individual investors chipped in $300,000. The proceeds from the round will be used to develop and deliver the company's product, Plaxo Contacts, which works with PDAs and other devices that synchronize with Microsoft Outlook.

On a quiet day for fundraising, five companies reported raising $36 million overall with the largest round, $21 million, going to Deploy Solutions, a provider of recruiting, hiring, and retention software and services that is being tight lipped about the details of the round. In other funding news, Healthcare Management Directions, a healthcare startup that plans to operate short-stay, diagnostic and acute care hospital facilities, said that it has raised $8.1 million in its Series B led by CB Health Ventures, the venture capital arm of New York-based healthcare investment firm Cain Brothers. SSM Ventures, Select Capital Ventures, Evergreen Investments, and individuals also opened their wallets.

Finally, looking ahead, Bluesoft, a developer of distance measurement and position location technologies for the Bluetooth industry, is expected to launch its first two commercial products next week and is also planning its Series C. The company will launch a Bluetooth location device, which will reach volume production in May, and a WLAN location system that is now available in evaluation kit form and begins shipping in the second quarter. Bluesoft has raised $13 million to date from Comverse, Coral Ventures, Intel Capital, STAR Ventures, Technoplus Ventures, and Qualcomm founder Andrew Viterbi. - By John Fuller

Plaxo Gets Another $1.8M to Cap Series A at $3.8M
MOUNTAIN VIEW, CALIF. -- Plaxo, provider of software for managing e-mail contact lists on computers, PDAs, and mobile phones, is expected to announce next week it has raised another $1.8 million to close its Series A round at $3.8 million. [full story]
http://www.plaxo.com


Healthcare Management Directions Takes $8.1M Series B
NASHVILLE, TENN. -- Healthcare Management Directions, a healthcare startup that plans to operate short-stay, diagnostic and acute care hospital facilities, said that it has raised $8.1 million in Series B financing. [full story]


Bluesoft to Launch First Commerical Products, Eyes New Round
SAN MATEO, CALIF. -- Bluesoft, a developer of distance measurement and position location technologies for the Bluetooth industry, is expected to launch its first two commercial products next week. It is also now in the planning stages for its Series C round that will be used to support its next level of growth. [full story]
http://www.bluesoft-inc.com


Hiring Software Firm Deploy Solutions Lands $21 Million Round
WESTWOOD, MASS. -- Deploy Solutions, a provider of recruiting, hiring, and retention software and services, said it has closed a $21-million round of funding. The company would not disclose any further details on the round. [full story]
http://www.deploysolutions.com


Sepro Raises $3.25 Million in New Financing
DUBLIN -- Sepro, a provider of rating and billing software for use by wireless carriers to deploy MMS, WLAN, GPRS, 3G, and other data services, said it has raised EUR 3 million ($3.25 million) in new financing. [full story]
http://www.seprobilling.com


NexTone Communications Names Hank Firey CEO
GERMANTOWN, MD. -- NexTone Communications, provider of voice-over-IP infrastructure for service providers and carriers, has named Hank Firey as CEO, VentureWire has learned. [full story]
http://www.nextone.com

 

[TexasFilly]

Tues. Feb. 18th.

Overall nine companies reported raising a rosy $75 million on Friday, with two big semiconductor plays. Ikanos, developer of broadband silicon chipsets, is expected to announce it has closed $30 million in a Series D led by Sequoia Capital with all major prior investors, including Intel Capital, JPMorgan Partners, Panasonic, and Walden International, also chipping in. Meanwhile IceFyre Semiconductor, which provides physical layer devices for 802.11a/g networks, is expected to announce landing a cool $19-million Series C co-led by Motorola and Covington Capital.

In other funding news, Vonage, provider of high-speed Internet-based digital telephone services is looking at raising a $25-million Series B round later this year, CFO John S. Rego told VentureWire. The company has raised more than $28 million from individuals and is now talking with potential investors, including VCs.

On the fundraising front, Radius Ventures, a health and lifesciences venture capital firm, has closed its second fund, Radius Venture Partners II, at $73.5 million. The fund will focus on low-valuation firms across sectors including drug developers in early stages of their lifecycles as well as established healthcare IT firms with positive cash flow. - By John Fuller


Wireless Semiconductor Firm IceFyre Raises $19M Series C
OTTAWA -- IceFyre Semiconductor, which provides physical layer devices for 802.11a/g networks, is expected to announce the closing of $19 million in Series C funding. [full story]
http://www.icefyre.com


VDSL Chipset Firm Ikanos Closes $30 Million Series D
FREMONT, CALIF. -- Ikanos, developer of broadband silicon chipsets, is expected to announce it has closed $30 million in a Series D round. [full story]
http://www.ikanos.com


Vonage Sees Customers Double, Considers $25M Series B Round
EDISON, N.J. -- Vonage, provider of high-speed Internet-based digital telephone services, first launched its service last April and has been doubling its customer base on a quarter-over-quarter basis since. The company is also considering raising a $25-million Series B round later this year, CFO John S. Rego told VentureWire. [full story]
http://www.vonage.com


Radius Caps Second Life Sciences Fund with $73.5M
NEW YORK -- Radius Ventures, a health and lifesciences venture capital firm, has closed its second fund, Radius Venture Partners II, at $73.5 million, about three times the size of Radius's first fund. The fund will focus on low valuation firms across sectors including drug developers in early stages of their lifecycles as well as established healthcare IT firms with positive cash flow. [full story]
http://www.radiusventures.com


Emerging Technologies Group Gets $3M Series A from Edison
LAWRENCEVILLE, N.J. -- Edison Venture Fund said it was the sole investor in a $3-million Series A round for Vienna, Va.-based Emerging Technologies Group (ETG), a telecommunications software provider. [full story]
http://www.edisonventure.com
http://www.etgcorp.com


Relativity Raises $2M Additional Funding, Names Steve Maysonave CEO
CARY, N.C. -- Relativity, a provider of legacy modernization software, has named Steve Maysonave as its new CEO and has raised $2 million in its fifth round of funding, former CEO Vivek Wadhwa told VentureWire. [full story]
http://www.relativity.com


Vanguard Healthcare Solutions Gets $5.4M Investment from 3i
LONDON -- Venture capital firm 3i said it has invested EUR 5 million ($5.4 million) in Bristol, England-based Vanguard Healthcare Solutions, a privately held provider of mobile operating surgery units for the British National Health Service (NHS). [full story]
http://www.vanguardhealthcare.co.uk


Online Payment Fraud Prevention Firm Clear Commerce Gets $3M Fifth Round
AUSTIN, TEXAS -- ClearCommerce, a provider of risk management and payment processing software for online retail, said that it has raised $3 million in its fifth round of venture funding. [full story]
http://www.clearcommerce.com


Zipcar Names Scott W. Griffith CEO
BOSTON -- Zipcar, a Web-based short-term car rental company, said it named Scott W. Griffith CEO. [full story]
http://www.zipcar.com

 

[William9]

TexasFilly - Thankyou for a nice thread and posting(S).

 

[TexasFilly]

Originally posted by William9
TexasFilly - Thankyou for a nice thread and posting(S).

Why William, it my pleasure "-)

 

[TexasFilly]

Wed. Feb. 18-2003 VC headlines:

Meridian Technique Gets $3.6M Round One
HAMPSHIRE, ENGLAND -- Meridian Technique, a provider of digital medical imaging technology, announced that it has raised GBP 2.25 million ($3.6 million) in its first round of institutional financing. [full story]
http://www.orthoview.com


Intersouth Partners Closes Sixth Fund with $205 Million
DURHAM, N.C. -- Intersouth Partners, an early-stage venture capital firm, said it has raised $205 million for its sixth fund, which will focus on life sciences and information technology companies in the Mid-Atlantic and Southeast regions. [full story]
http://www.intersouth.com


Mobile Device GPS Developer SiRF Technology Acquires Enuvis
SAN JOSE, CALIF. -- SiRF Technology, a developer of chip sets that incorporate global positioning system technology for mobile devices, said it has signed a definitive agreement to acquire Enuvis, a developer of wireless location technology. [full story]
http://www.sirf.com
http://www.enuvis.com


Packet Design Splits into Two Startups
PALO ALTO, CALIF. -- After a string of three entrepreneurial successes, including selling their last startup to Cisco Systems, Judy Estrin and her husband Bill Carrico started Packet Design in May 2000 to develop IP-based networking technologies for commercialization through spin-off companies. The company spun off WLAN startup Vernier Networks in early 2001 and has now split its remaining intellectual property into two new startups. [full story]
http://www.packetdesign.com
http://www.precisionio.com


Brand Promotion Tech Firm Cariocas Lands $5.2 Million Series B
SAN FRANCISCO -- Cariocas, a provider of brand promotion software, said it has raised $5.25 million in its second round of funding. [full story]
http://www.cariocas.com


Financial Services Firm Higher One Raises $2.5M Series C
NEW HAVEN, CONN. -- Higher One, a provider of customized financial services to the higher education market, said it has closed a $2.5 million Series C round of funding [full story]
http://www.higherone.com


RASilient Systems Raises $4 Million in First Round
CUPERTINO, CALIF. -- RASilient Systems, a provider of storage hardware and software, said it raised $4 million in its first round of funding. [full story]
http://www.rasilient.com


Sourcefire Lands $11 Million Series B
COLUMBIA, MD. -- Sourcefire, a provider of network security systems for enterprises and government organizations, is expected to announce the closing of its Series B round of funding with $11 million. [full story]
http://www.sourcefire.com


Zhone Acquires NEC Eluminant Technologies
CHANTILLY, VA. -- NEC Eluminant Technologies, a subsidiary of NEC USA that develops applications to alleviate broadband delays using fiber optic technology, said it has been acquired by Oakland, Calif.-based Zhone Technologies, a provider of telecommunications infrastructure products for the local access network. Financial terms of the deal were not disclosed. [full story]
http://www.zhone.com
http://www.eluminant.com

 

[TexasFilly]

Thurs. Feb. 27-2003
Siemens Mobile Acceleration Expands into the U.S.
MUNICH, GERMANY -- Siemens Mobile Acceleration, the early-stage investment arm of Siemens focused on wireless technologies, mobile applications, and mobile services, will announce today that it has expanded into the U.S. by opening an office in San Jose, Calif. The office will be headed by Gerald Brady and Sven Weber. [full story]
http://www.siemens.com/mobile-acceleration


AppIQ Lands $12 Million in Second Round
BURLINGTON, MASS. -- AppIQ, a provider of storage management software, is expected to announce raising a $12 million second round of funding. [full story]
http://www.appiq.com


IT Services Firm MindShift Technologies Acquires UAC
FAIRFAX, VA. -- MindShift Technologies, a provider of managed information technology infrastructure services for organizations, said it acquired Universal Access Consulting (UAC), a self-funded Parsippany, N.J.-based IT services firm, in a stock and cash transaction. [full story]
http://www.mindshift.com
http://www.uacinc.com


Networking App Firm Pure Networks Raises $2M First Round
SEATTLE -- Pure Networks, which is developing software and services for home networking, said it has raised $2 million in its first round of financing. [full story]
http://www.purenetworks.com


Procurement Software Firm Elance Acquires Cascadeworks
SUNNYVALE, CALIF. -- Services procurement and management software firm Elance, is expected to announce today its acquisition of CascadeWorks, a San Francisco-based a provider of services-supplier relationship management technology in an all-stock transaction. [full story]
http://www.elance.com
http://www.cascadeworks.com


Open Text Buys Enterprise Portal Software Firm Corechange for $4.2M
WATERLOO, ONTARIO -- Open Text, a publicly traded provider of collaboration and knowledge management systems for enterprises, said one of its wholly owned subsidiary has acquired Boston-based Corechange, a provider of enterprise portal software that raised more than $76 million in funding, for approximately $4.25 million in cash. [full story]
http://www.corechange.com
http://www.opentext.com


170 Systems Names David Ellenberger as CEO
CAMBRIDGE, MASS. -- 170 Systems, a provider of business process management software for Global 1000 enterprises, said it has named David Ellenberger as chief executive officer. He will also join the company's board of directors. [full story]
http://www.170systems.com

 

[domains]

I REALLY like this thread. Thank you TexasFilly.

 

[DrWho]

Filly,

Could you please post the source (i.e., newsletter, etc.) of the reports.

Thank you

Dr.