Private Equity Week Wire for Wednesday 1/9

SAN FRANCISCO — Financial Technology Ventures (FTVentures), a San Francisco-based leading private equity investor in financial technology, announced that it has closed FTV II, a $423 million venture capital and private equity fund. FTV II will enable FTVentures to continue its strategy of investing in companies that develop technologies that are transforming the financial services industry. The investors in FTV II are 39 of the world’s leading financial institutions and include AIG, Bank of America Corporation, BNP Paribas, Charles Schwab, Credit Suisse Group, Deutsche Bank, Development Bank of Singapore (DBS), GE Capital, HSBC Holdings, Key Corporation, National City Corporation, Skandinaviska Enskilda Banken (SEB), Standard Chartered Bank, U.S. Bancorp, and Wells Fargo.

Founded in 1998, FTVentures was the first venture capital fund in the U.S. to focus on the financial services technology niche. FTVentures now has over $623 million in total capital under management and remains the primary investment firm for technology companies that develop products and services applicable to financial services. FTVentures provides equity financing to companies with technology solutions that enable global financial companies of all types to operate more efficiently or expand their products and services. FTVentures focuses on firms that provide solutions in three key areas: electronic commerce enablers, software and infrastructure solutions, and payment sector technologies. Companies are generally growth stage private companies with a fully developed product and limited technology risk. FTVentures-backed companies include 724 Solutions Inc., Corillian Corporation, E-LOAN Inc., Kana Software, Inc., ValiCert, Inc., Financial Engines, Inc., PAYTRU$T, Inc., e-Security, Inc., Synchrologic, Inc., CapitalStream, Inc., ValuBond Securities, Inc., Verbind Inc., Xign Corporation, CrossLogix, Inc. and ClearCommerce Corporation.

SOUTH SAN FRANCISCO, Calif.— Renovis, Inc., a privately held neurobiopharmaceutical company, announced today the completion of a $34.3 million second round of venture financing. Leading the round is HBM BioVentures AG, a biotechnology investment firm launched by former Roche Holding AG finance chief Henri B Meier. New investors in this round include Applied Genomic Technology Capital (AGTC) Funds; Bioveda Capital; De Novo Ventures; International BM Biomedicine Holdings, Ltd., as advised by Global Biomedical Partners; Vertex Management & Double Helix; and Yasuda Enterprise Development Co., Ltd. Previous investors Venrock Associates, Alta Partners, and Skyline Ventures also participated.

Effective immediately, Nancy M. Crowell, a Founding Partner of AGTC Funds and a member of its
Effective immediately, Nancy M. Crowell, a Founding Partner of AGTC Funds and a member of its Investment Committee, will join Renovis’ Board of Directors, representing Series C investors. Previously, she was a Partner and Managing Director at Cowen and Company, now SG Cowen Securities Corporation. Ms. Crowell founded and managed Cowen’s health care investment banking practice for ten years, building the group to one of the premier national underwriters. She received an MBA from the Haas School of Business at the University of California, Berkeley.

MCLEAN, VA. — Blue Water Capital, L.L.C., a leading venture capital investor, today announced the addition of G. William Miller & Co., Inc., as a new partner in Blue Water Venture Fund III. Blue Water Capital,based in McLean, Va., is led by Henry Barratt, Kim Cooke and Wil Priester, and provides expansion-stage financing to information technology companies located primarily in the mid-Atlantic region. G. William Miller & Co. is a private merchant banking firm headquartered in Washington, D.C.

Blue Water Venture Fund III was created to help technology companies expand their operations and strategically position themselves for future growth. Formed in 1996, Blue Water Capital has raised and invested two prior funds in 14 companies focused on developing and providing enablement or facilitative technologies to established businesses. Blue Water Venture Fund III will leverage their prior experience and strengths to take advantage of the tremendous opportunities currently available in the private equity markets.

G. William Miller & Co., Inc. was founded in 1983 by Mr. Miller who previously served as U.S. Secretary of the Treasury, Chairman of the Board of Governors of the Federal Reserve System, and Chairman and President of Textron. During his tenure of over 20 years, Textron sales grew almost tenfold to $3 billion at the time of his departure in 1978. At Treasury Mr. Miller structured the U.S. Government’s loan guarantee program in 1980 to save the Chrysler Corporation, generating a profit of about three hundred million dollars for the U.S. Treasury. Since 1983, Mr. Miller has led the successful formation and restructuring of several domestic and international companies, including the bankruptcy reorganization of Allied and Federated Department Stores and their affiliates.

CAMBRIDGE, MASS. — Celarix, Inc. the leading provider of supply chain visibility and connectivity solutions, today announced it has raised $17 million in a mezzanine round of financing, led by Austin Ventures, one of the largest venture capital firms in the United States. Austin joins Celarix’ existing investors, who also participated in this latest round of funding, to bring the total investment in Celarix to more than $75 million.

In addition to Austin Ventures, all of Celarix’ investors, including Charles River Ventures, JP Morgan Partners, TL Ventures, Integral Capital Partners and Technology Crossover Ventures, funded this round because of their continued confidence in Celarix’ business model, its experienced management team, proven success with customers, and continuous achievements with meeting financial and operational goals. Celarix will use the funding for operations and further product development, while expecting to achieve break-even in the next six months.

For yesterday’s Wire, click here

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