Week in deals, Aug, 11, 2008

BIOTECH

Expression Genetics Inc.

Huntsville, Ala.

www.egencorp.com

Amount/Round: $12M/B

Investors: NA

Details: Develops DNA and RNA interference delivery technology and therapeutics for treating ovarian cancer and other tumors.

HandyLab Inc.

Ann Arbor, Mich.

www.handylab.com

Amount/Round: $19.2M/D

Investors: Dow Ventures (co-led), Lurie Investments (co-led), EDF Ventures, Ardesta, Arboretum Ventures, Pfizer Strategic Investments.

Details: Provides DNA analysis technology. The company has now raised about $44M in total VC funding.

CLEANTECH

Cyrium Technologies

Ottawa, Ontario

www.cyriumtechnologies.com

Amount/Round: $15M/B

Investors: The Quercus Trust (led), BDC Venture Capital, Chrysalix Energy Venture Capital, Pangaea Ventures.

Details: Develops multi-junction solar cells for concentrator photovoltaic systems. The company, which has now raised more than $17.5M in funding since it was founded in 2005, also has an office in Sunnyvale, Calif.

CONSUMER INTERNET

Friendster Inc.

San Francisco

www.friendster.com

Amount/Round: $20M/NA

Investors: IDG Ventures (led), Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures, Founders Fund.

Details: Operates a social networking company. The company has now raised nearly $50M since 2002. The company also named Richard Kimber, former regional managing director of South Asia at Google, its new CEO.

WePlay Inc.

New York

www.weplay.com

Amount/Round: $8.6M/B

Investors: Deep Fork Capital (led), FirstMark Capital, CAA Sports, Major League Baseball Advanced Media and individual investors, including company management and athletes Derek Jeter, LeBron James, Peyton Manning, Tony Parker, Shaun Alexander, Ryan Howard, Jennie Finch, Brandi Chastain, Summer Sanders and Sheryl Swoopes.

Details: Operates an online community for youth sports. Rick Heitzmann, managing director at FirstMark, is chairman of the board.

ECOMMERCE

Payoneer Inc.

New York

www.payoneer.com

Amount/Round: $8M/B

Investors: Carmel Ventures (led), Greylock Partners, Crossbar Capital.

Details: Provides Web-based debit-card payment solutions.

EDUCATION

Education.com

Redwood City, Calif.

www.education.com

Amount/Round: $9.8M/B

Investors: California Technology Ventures (led), Azure Capital Partners, TeleSoft Partners.

Details: Provides online educational resources for parents with kids in preschool through 12th grade.

Tabula Digita Inc.

New York

www.tabuladigita.com

Amount/Round: $7.6M/B

Investors: Ascend Venture Group.

Details: Provides educational gaming technology to teach middle and high school subjects.

ENTERTAINMENT & RECREATION

Ngmoco

San Francisco

www.ngmoco.com

Amount/Round: NA/A

Investors: Kleiner Perkins Caufield & Byers (led), Maples Investments.

Details: Develops games for the iPhone. Bing Gordon, a Kleiner Perkins partner and former chief creative officer of Electronic Arts, has joined the board.

Six Degrees Games Inc.

Marina Del Rey, Calif.

www.sixdegreesgames.com

Amount/Round: $7M/A

Investors: Clearstone Venture Partners, Prism VentureWorks.

Details: Develops video games for gaming consoles and PCs. James Armstrong, managing director of Clearstone, and William Kohler, principal at Prism, have joined the board.

HEALTH CARE

Wellpartner Inc.

Portland, Ore.

www.wellpartner.net

Amount/Round: $16.1M/D

Investors: Burrill & Co. (led), Oregon Investment Fund, 3i Group, Buerk Dale Victor, Integra Ventures, Greenwoods Capital Partners, Mediphase Venture Partners.

Details: Provides pharmacy distribution solutions for health plans. The company has now raised nearly $40M in funding since 2000.

MANUFACTURING

Innolume

Santa Clara, Calif.

www.innolume.com

Amount/Round: $13.3M/C

Investors: S-Group Capital Management (led), Applied Ventures, NRW Bank, Peppermint Financial Partners, S-Venture Capital Dortmund and individual investors Robert Young and Juergen Kurb.

Details: Develops quantum dot laser diodes and modules for use in telecommunications and medicine. The company also has an office in Germany.

Nextreme Thermal Solutions

Durham, N.C.

www.nextremethermal.com

Amount/Round: $13M/B

Investors: Chart Venture Partners (led), Itochu Corp., RedShift Venture Partners, Harris & Harris Group Inc., In-Q-Tel, RTI International

Details: Develops thermoelectric devices and materials for the semiconductor, photonics, automotive and aerospace industries. The company has now raised $2M.

MED TECH

CleveX

Columbus, Ohio

www.clevex.com

Amount/Round: $1.4M/NA

Investors: Plymouth Venture Partners (led), WPWIII Cap, The Esposito Group.

Details: Makes devices that assist in the excision of cancerous and non-cancerous skin lesions. The company was spun out from the Cleveland Clinic Foundation.

Xoft Inc.

Sunnyvale, Calif.

www.xoftinc.com

Amount/Round: $25M/E

Investors: Chicago Growth Partners (led), Easton Capital, Maverick Capital, MPM Capital, Sutter Hill Ventures, Mosaix Ventures, Frantz Medical Ventures, Frazier Healthcare Ventures.

Details: Develops micro x-ray catheter for radiation therapy. VentureWire reported that the funding came with a PMV of $170M, which is about 10% higher than the PMV on the company’s $33.2M Series D round last year. The company has now raised more than $132M in funding since 2000.

MEDIA

Crowd Fusion

New York

www.crowdfusion.com

Amount/Round: $3M/A

Investors: Velocity Interactive Group (led), Greycroft Partners and individual investor Marc Andreessen

Details: Operates as a Web publishing company, with its first sites expected to launch in the fall. Ian Sigalow from Greycroft and Jon Miller from Velocity have joined the board.

SkyGrid

New York

www.skygrid.com

Amount/Round: $11M/B

Investors: RRE Ventures (led), Draper Fisher Jurvetson, BlackRock and individual investor Esther Dyson.

Details: Provides news search and aggregation service aimed at Wall Street professionals.

OUTER SPACE

SpaceX

Hawthorne, Calif.

www.spacex.com

Amount/Round: $20M/NA

Investors: The Founders Fund

Details: Provides private space launch services. The company was founded in 2002 by Elon Musk, who co-founded PayPal alongside partners of The Founders Fund.

PHARMACEUTICALS

InterKrin Therapeutics Inc.

Los Altos, Calif.

www.intekrin.com

Amount/Round: $18M/C

Investors: Amgen, Skyline Ventures, Sofinnova Ventures, OrbiMed Advisors, Asset Management, Sears Capital Management, Vivo Ventures.

Details: Develops metabolic drugs to treat diabetes. The funding is the first close of a $26M Series C round, according to a regulatory filing. The company has now raised more than $54M since early 2007.

SENSORS

H2Scan Corp.

Valencia, Calif.

www.h2scan.com

Amount/Round: $4M/D

Investors: TGB Partners, Chrysalix Energy Venture Capital, H5 Capital, Tri-Strip Associates, Ravinia Venture Fund, and individual investors from Tech Coast Angels and Pasadena Angels.

Details: Makes hydrogen-specific sensor systems for leak detection and monitoring.

SOFTWARE

CheckPoint HR

Edison, N.J.

www.checkpointhr.com

Amount/Round: $7.6M/NA

Investors: Edison Venture Fund.

Details: Provides human resource management software for mid-sized organizations. Joe Allegra, general partner of Edison Venture Fund, has joined the board. This is the first institutional funding for the company, which was founded in 2001.

DynaTrace Software

Boston

www.dynatrace.com

Amount/Round: $12.9M/B

Investors: Bay Partners (led), Bain Capital Ventures.

Details: Provides lifecycle application performance management software. The company raised a $5.3M Series A round in March 2007.

Elastra Corp.

San Francisco

www.elastra.com

Amount/Round: $12M/B

Investors: Bay Partners (led), Amazon.com, Hummer Winblad Venture Partners.

Details: Develops software that manages application systems in cloud computing environments. Neal Dempsey of Bay Partners has joined the board.

Flypaper Studio Inc.

Phoenix

www.flypaper.com

Amount/Round: $3.5M/B

Investors: Sierra Ventures, SCF Arizona.

Details: Develops rich media content software and services. The company raised a $6.8M Series A round in January.

InstallFree Inc.

Stamford, Conn.

www.installfree.com

Amount/Round: $8.5M/B

Investors: Ignition Partners (led), Trilogy Equity Partners.

Details: Provides desktop virtualization software technology. The company raised $1.7M in a Series A round in November.

WIRELESS COMMUNICATIONS

Eye-Fi Inc.

Mountain View, Calif.

www.eye.fi

Amount/Round: $11M/B

Investors: TransLink Capital (led), LMS Capital, Opus Capital, Shasta Ventures.

Details: Makes wireless memory cards for digital cameras. The company raised a $5.5M Series A round in June 2007. Toshi Otani, TransLink Capital co-founder and managing director, has joined the board.