Seeking $$$ In the Rockies

Thirty-three companies presented at VC in the Rockies on Wednesday, including 23 that are currently seeking new funding. What follows are the basic details of those seekers:

Abla-Tx Inc. www.abla-tx.com
Founded: 2005
Description: Developing a platform for supporting the treatment of solid tumors by thermal ablative techniques. 
$$$ Seeking $10 million Series C round this year, for additional development and product launch. Previously raised a total of $3.5 million from firms like Sequel Venture Partners and Flagship Ventures.

Adam Aircraft www.adamaircraft.com
Founded: 1998
Description: Designer and manufacturer of twin-piston and jet airplanes, using carbon composite materials instead of aluminum.
$$$ Seeking between $100 million and $125 million in debt financing with warrants. Already close to deal with lead investor, but would want to syndicate. Previously raised around $182 million in private equity from firms like Goldman Sachs, DCM-Doll Capital Management, Mesirow Financial, W Capital Partners, D.E.Shaw, Acadia Woods Partners and Hunt Growth Capital.

ApopLogic Pharmaceuticals LLC www.apoplogic.com
Founded: 2006
Description: Oncology pharma startup based on research about how receptor and ligands control natural cell death. In other words, it wants to help cancer cells commit suicide.
$$$ Seeking $3.5 million Series A round to pursue Phase I clinical trials for its lead product. Previously raised $2 million in grants, contracts and in-kind support from National Cancer Institute and the State of Colorado.

Arca Discovery Inc. www.arcadiscovery.com
Founded: 2003
Description: Biotech company focused on developing and commercializing genetically-tailored therapies for heart failure and other cardiovascular diseases.
$$$ Seeking undisclosed amount of Series B funding this year. It was seeded by Boulder Ventures in 2005, and last year raised a $15 million Series A round from Atlas Venture, Boulder Ventures and Pequot Capital.

ARGO Tracker Corp. www.argotracker.com
Founded: 2004
Description: Helps companies address supply chain inefficiencies within the logistics link, via satellite, cellular and sensor technologies interfaced directly with the Internet.
$$$ Seeking $5 million Series B round to introduce new services, and to expand sales and business development. It previously has raised $8.85 million since spinning out from Argo-Tech Corp.

Crosstrees Medical Inc. www.xtreesmed.com
Founded: 2003
Description: Develops devices and tools for the treatment of vertebral body compression fractures in the spine.
$$$ Seeking $12 million Series C round to support 501(k) regulatory clearances from the FDA and commence first-in-man studies. It already has $4.5 million in commitments from Series B lead Ascent Biomedical Ventures. Company previously has raised $3.6 million via Series A and B rounds.

Dynamic Organic Light Inc. www.dolight.com
Founded: 2003
Description: Develops and commercializes advanced materials and their incorporation into next-generation organic electronic devices – like OLED-type flat panel displays, solid state lighting and solar cells. Specifically aims to address primary limitations of existing OLED materials.
$$$ Seeking $5 million Series B round to accelerate product development, expand technical team and build marketing and sales channels. Previously raised $3 million from HCF Partners, ITU Ventures and several angels.

Envision Inc. www.envysion.com
Founded: 2004
Description: Broadband video surveillance company whose Web-based, hosted service can be purchased on a SOAS subscription basis.
$$$ Seeking new VC funding in second-half of 2007, to help pursue partnerships and inorganic growth/consolidation strategies. Recently completed a $6.5 million Series B round from Columbia Capital, Bear Equity and High County Venture.

FEED Tribes www.feedtribes.com
Founded: 2006
Description: Secure cell phone payment system with an integrated media and marketing platform for both consumers and merchants. It is both device- and operator-agnostic.
$$$ Seeking $2-$5 million Series A round to support product launch in the Denver and Boulder markets. Previously has raised $1 million from management and local angels.

High Throughput Genomics Inc. www.htgenomics.com
Founded: 2001
Description: Enabling platform technology for the sensitive, multiplexed quantification of DNA, RNA and proteins.
$$$ Seeking $8-$10 million Series C round. Previously raised $5.6 million in VC and bridge financing from Solstice Capital, Valley Ventures and Village Ventures.

Indicative Software Inc. www.indicative.com
Founded: 2003
Description: Licenses Agilent’s “Firehunter” technology to manage services in the enterprise market. Firehunter monitors both physical infrastructure availability and the performance of online applications.
$$$ Seeking Series C funding to support expansion of sales and marketing activities. Previously raised $14.7 million from firms like Sequel Ventures, Sutter Hill Ventures and Vista Ventures.

Lijit Networks Inc. www.lijit.com
Founded: 2006
Description: Vertical search widget for blogs.
$$$ Seeking $5 million Series A round, to continue product development, build out ad network and begin generating revenue. Previously raised $900,000 from management, institutions and angels.

LogRhythm Inc. www.logrhythm.com
Founded: 2003
Description: Log management and analysis software to help enterprises comply with government regulations, secure their networks and optimize the availability of their IT infrastructure.
$$$ Seeking Series A round in 2007, after having raised a $500,000 convertible bridge round late last year from High County Ventures and angels. Previously funded by management and revenue.

Me.dium www.me.dium.com
Founded: 2006
Description: Downloadable browser add-on that allows users to follow and/or interact with both friends and others who are visiting the same websites or searching the same terms.
$$$ Seeking Series B round this spring or summer to fund product development, expand marketing and strengthen technical staff. Previously raised $5.3 million Series A round from Appian Ventures and Spark Capital.

NewsGator Technologies Inc. www.newsgator.com
Founded: 2002
Description: Products for individuals to subscribe to and read their RSS feeds.
$$$ Seeking $8-$10 million Series E round. Previously raised $18 million from Mobius Venture Capital and Masthead Venture Partners.

OpenLogic Inc. www.openlogic.com
Founded: 1998
Description: Software to help large enterprises ensure the proper levels of support, identification and updates for over 230 open-source packages.
$$$ Seeking $10 million Series B round. Previously raised $9.8 million Series A round from Appian Venture, Highway 12 Ventures, Red Rock Ventures, UV Partners and Village Ventures.

Outlast Technologies Inc. www.outlast.com
Founded: 1990
Description: Developer of thermal-regulating fibers for the apparel, footwear and bedding markets.  
$$$ Seeks $10 million in new funding for working capital and selective M&A. Previously raised around $27 million from firms like Penny Lane Partners, Walden Venture Capital, Kansas City Equity Partners, David Tuttle Venture Partners, Sycamore Ventures and Roser Ventures.

Oxlo Systems Inc. www.oxlo.com
Founded: 2004
Description: Packaged software to enable small and mid-sized businesses to establish, monitor and maintain real-time, inter-company information exchanges with the dominant industry participants within a given supply chain.
$$$ Seeking Series B funding in 2007. Previously raised $7.5 million Series A round from Appian Ventures and Mobius Venture Capital. 

Q Therapeutics Inc. www.qthera.com
Founded: 2002
Description: Developing cell-based therapies using naturally-occurring glial progenitor cells to treat demyelinating CNS diseases.
$$$ Seeking $15 million Series B round to complete pre-clinical work and to support Phase I/IIa open-label clinical trials. Previously raised $7.9 million in total funding, including a $5 million Series A round from Wasatch Venture Fund, Toucan Capital and vSpring Capital.

SkyeTek Inc. www.skyetek.com
Founded: 2000
Description: RFID reader software and hardware.
$$$ Seeking $6-$8 million Series B round in Q2 2007. Previously raised $8 million Series B round from Appian Ventures, Palomar Ventures and Sequel Venture Partners.

StrataVia Corp. www.stratavia.com
Founded: 2001
Description: It automation software for databases.
$$$ Seeking Series B round. Previously raised $3.25 million in Series A funding from Adams Street Partners, Asset Management Co. and Vista Ventures.

Taligen Therapeutics www.taligentherapeutics.com
Founded: 2004
Description: Biologic therapeutics for the treatment of serious inflammatory diseases.
$$$ Seeking Series B round to fund development of lead product through Phase II clinical proof-of-concept studies. Previously raised $1.2 million in SBIR grants and a $3.75 million Series A round from Sanderling Ventures, Tango Ventures amd High Country Venture.

Umbria Inc. www.umbrialistens.com
Founded: 2004
Description: Marketing intelligence company that mines the blogosphere and other public forums for real-time insights into companies, products, people and issues.
$$$ Seeking Series B round in 2007 to fund sales growth. Previously raised $9.2 million from Sequel Venture Partners, Arrowpath Ventures and Vista Ventures.

Related Posts

Leave a Reply

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget