Private Equity Week Wire for Tuesday 10/30

SAN FRANCISCO — Televoke Inc., a telematics software notification, control, and tracking services company, announced today the closing of a $4 million extension to its second round of funding. Cardinal Venture Capital led the extension round, joined by existing investors SBVC (SOFTBANK Venture Capital) and the W.I. Harper Group. With this extension, Televoke has raised $10.7 million in its second round financing and over $14 million since its inception in 1999. The company plans to use the funds to enhance its telematics services software and extend its customer partnerships.

CAMBRIDGE, MA — Providing new resources to advance the company’s clinical development programs, Therion Biologics today announced that it has closed a $36.5 million private financing with leading venture investors. Therion will use the funds to support pivotal clinical trials of PROSTVAC-VF, the company’s lead cancer vaccine for prostate cancer, and to accelerate the development of its additional therapeutic cancer vaccine programs.

The financing was led by a group including Hans-Werner Hector, one of the founders of the world-leading German software company SAP. In addition to Mr. Hector’s investment in Therion, he has established one of the largest private charitable foundations in Germany, through which he actively contributes to the fight against cancer and AIDS. Mr. Hector will also join the company’s Board of Directors. Other participants in the round included Sofinov, S.R. One Limited, H&Q Healthcare, H&Q Life Sciences, Loeb Investors, and several other prior Therion investors. Legg Mason Wood Walker, Incorporated served as placement agent for the transaction.

PALO ALTO, CA — Anila Fund today announced its investment in PowerWAN Inc., the leading developer of telecommunications access infrastructure equipment for the power utilities industry. The PowerWAN network solution, currently deployed in field trials, enables the monitoring and management of power line infrastructure, providing a means to better address and find solutions for the current energy crisis. Further, PowerWAN’s power line carrier (PLC) and power line telecommunications (PLT) technologies can bring two-way data transmission capability to existing power grid networks. Anila Fund, a full-service venture capital firm focused on innovations in advanced broadband and optical communications technologies, and Anila Investments, LLC have to-date provided PowerWAN with seed, Series A and bridge funding.



CAMBRIDGE, MA — Nanosys, Inc., a newly formed
nanotechnology company, announced today the closing of $1.7 million in initial
seed financing. ARCH Venture Partners, CW Group, Polaris Venture Partners,
and Venrock Associates co-led the investment. The company also received
private investments, most notably from Dr. Robert M. Metcalfe, The Inventor of
Ethernet and Founder of 3Com, and Venture Partner, Polaris Venture Partners.
Dr. Metcalfe also joins the companies Board of Directors.

MOUNTAIN VIEW, CA — PIXIM Inc., a fabless semiconductor manufacturer producing a new type of high-quality image capture IC, announced today it has raised $16.5 million in Series C financing. PIXIM’s Digital Pixel System(TM) technology is a semiconductor and software platform that enables low-power, highly integrated CMOS imaging systems for a myriad of applications, including security cameras, PDAs, bar code readers, machine vision, digital cameras, toys, cell phones and many others.

The lead investor in the financing is Mitsubishi International. Others participating include new investors ARM (Nasdaq:ARMHY), Synopsys (Nasdaq:SNPS), CDI Bank, the Emerging Alliance Fund managed by VentureTech Alliance LLC, an affiliate of TSMC (Taiwan Semiconductor Manufacturing Company) (NYSE:TSM), and previous investors Mohr Davidow Ventures and Mayfield.

For yesterday’s Wire, click here