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.

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