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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Amicus Therapeutics Inc. New Brunswick, N.J. Develops therapeutics to treat genetic disorders. The company has previously raised about $10M. Biotech B $31.0 Canaan Partners (led), Frazier Healthcare Ventures, New Enterprise Associates, Prospect Venture Partners, Radius Venture Partners, CHL Medical Partners.
Automated Cell Inc. Pittsburgh Researches human genes andÊtheir protein products. Biotech D $100.0 Undisclosed investor.
Ensemble Discovery Corp. Cambridge, Mass. Uses DNA molecules to direct synthesis of organic compounds. Company was founded by Flagship and Professor David Liu of Harvard University. Biotech A $15.0 Flagship Ventures, ARCH Venture Partners, Oxford Bioscience Partners.
Simpler Networks Inc. Montreal Uses DNA molecules to direct synthesis of organic compounds. Company was founded by Flagship and Professor David Liu of Harvard University. Comm A $15.0 Flagship Ventures, ARCH Venture Partners, Oxford Bioscience Partners.
Tasman Networks San Jose, Calif. Makes network routers. Comm G $14.0 Parker Price Venture Capital (led), New Enterprise Associates, Mayfield.
MathStar Inc. Minneapolis Semiconductor company developing digital signal processing methodology. Company has raised more than $52M to date. Chips C $9.6 Unnamed investors.
NetEffect Inc. Austin, Texas Fables semiconductor company. Company has raised $66M since 1999 inception, including a $35M infusion in 2001 at a PMV of about $88M. Chips A $22.0 TL Ventures (led), Granite Ventures, TI Ventures, Duchossois Technology Partners, Austin Ventures, JatoTech Ventures, Infinity Capital.
MiasolZ San Jose, Calif. Makes thin-film solar cells. VantagePoint led the round with a $3.6M infusion. Energy A $5.4 VantagePoint Venture Partners (led) Firelake Strategic Technology Fund, Garage Technology Ventures, Nippon Kouatsu Electric Co., Venture Banking Group.
WildTangent Inc. Redmond, Wash. Publishes online games. Steve Baloff, a general partner with ATV, joins the board. Company has raised more than $67M since 1998, including a $34M Series C deal in late 2000 at a PMV of $140M. Gaming D $16.5 Advanced Technology Ventures (led), Greylock, Madrona Venture Group, New Millennium Partners, IDG Ventures, Venture Law Group, Washington Mutual Inc.
FreedomPay Inc. Wayne, Penn. Provides Internet shoppers with cashless payment systems. Company previously raised $18M, including an $8M infusion in 2001 at a PMV of about $25M. Internet B $7.0 Goldman Sachs Group, Nokia Venture Partners.
Omniture Inc. Orem, Utah Provides Web analytics used by online marketers. Hummer Winblad partner Mark Gorenberg joins the board. Internet B $14.0 Hummer Winblad Venture Partners.
ON24 Inc. San Francisco Provides video streaming services. Company has raised about $40M since its 1998 inception, most recently a $5M infusion in 2002. Internet E $3.3 Rho Management.
InSound Medical Inc. Newark, Calif. Provides minimally invasive hearing devices. Since 1998, company has raised about $39M, including a $10M infusion last year, at a PMV of $44M. Med tech D $17.2 DeNovo Ventures (co-led), Johnson & Johnson Development Corp. (co-led), Psilos Group Management, East Gate Capital, Piper Jaffray Ventures, Essex Woodlands Health Ventures, Jacobs Capital Partners.
PhotoThera Inc. Carlsbad, Calif. Develops light therapy systems for the treatment of musculoskeletal injuries. Raised $1.5M in 2001 from California Technology Ventures and Hamilton Apex. Med tech B $19.0 Delphi Ventures, DeNovo Ventures, Vertical Group, Hamilton Apex Ventures, Solstice Capital.
Sleep Solutions Inc. Palo Alto, Calif. Develops systems for the diagnosis and therapy of adult sleep disorders. Company has raised $27M tro date, including a $7M infusion in 2002 at a PMV of $32M. Med tech D $400.0 Johnson & johnson Development Corp., MedVenture Associates, WTI Ventures.
Spinal Kinetics Redwood City, Calif. Develops products for spinal surgery. Med tech A $10.0 BA Venture Partners, DeNovo Ventures, HLM Venture Partners.
Nevis Networks Inc. Santa Clara, Calif. Provides enterprise security. Company previously raised a $10M Series A round in April 2003. Security B $10.0 Nokia Venture Partners (led), New Path Ventures.
Sensory Networks Inc. Palo Alto, Calif. Develops network security products. Security B $6.0 JAFCO Investments Asia (led), Technology Venture Partners, DB Capital Partners Ericsson- Deutsche Technology Fund.
Blazent Inc. San Mateo, Calif. Develops business intelligence software. StarVest’s Jeanne Sullivan joins the board. Company has raised $23M. Software $10.0 StarVest Partners (led), Bain Capital, Benchmark Capital, Dali Hook Partners, Pequot Ventures.
Intalio Inc. San Mateo, Calif. Provides e-business infrastructure software. Company has taised about $45M since 1999. Software C $11.0 Cargill Ventures (led), Woodside Fund, 3i, XML Fund, SAP Ventures, Sippl MacDonald Ventures.
IQS Inc. Cleveland Develops quality performance management software. Apex has invested $3 million into IQS, and the most recent infusion completes the company’s Series A. Software A $1.0 Apex Venture Partners.
Lexia Learning Systems Lincoln, Mass. Provides reading skills and cognitive software, Software A $2.0 Albert and Katherine Merck.
Micro Power Electronics Inc. Hillsboro, Ore. Provides battery packs for computer hardware. Tech A $9.0 Sierra Ventures, Silicon Valley Bank., Ridge Capital Partners
Purcell Systems Liberty Lake, Wash. Makes modular cabinetry for wireless devices. See story, page 8. Wireless B $16.0 Weston Presidio Capital Management.