Private Equity Week Wire for Wednesday 8-8

HERZLIA, ISRAEL — Celltick Technologies, Inc., a global vendor of interactive mobile broadcasting solutions, announced today that it has raised $10 million in Series B equity funding led by Jerusalem Venture Partners (JVP) and Elwin Capital Partners (ECP).
The capital will help Celltick accelerate sales and marketing efforts worldwide, with a focus on European and Asian markets, for its mobile content streaming platform. Celltick is currently is engaged in trial programs with a number of international mobile network leaders, including BT Wireless and Partner Communications (with its international Orange brand), and has established partnerships with leading content providers including Reuters, Plc, and WCITIES Inc.

OTTAWA, ONTARIO, CANADA — IceFyre Semiconductor, Inc., a
fabless semiconductor company developing innovative system-on-chip solutions
for high-speed wireless connectivity markets, announced today it has closed
US $12 million in first round funding from venture capital investors in the
United States and Canada. Prism Venture Partners of Westwood, Massachusetts
and VenGrowth Capital of Toronto, Ontario, join Kodiak Venture Partners of
Concord, Massachusetts to complete the round. The investment will be used to
fuel development of IceFyre’s advanced wireless integrated circuits and
prepare the company for rapid, targeted growth through the expansion of its
sales, marketing, engineering and operations programs.

MOUNTAIN VIEW, CA — Acta Technology Inc., provider of the first real-time data integration platform that provides enterprise data for analytic, supply chain, e-commerce and customer relationship management uses, today announced it has raised $25 million in funding from leading venture capital firms.
The lead investor in this round was Investcorp, the global investment group best known for its private equity investments, but which has more recently moved into technology investment in North America and Europe. J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, also invested in Acta for the first time in this round. Additionally, a number of previous investors, led by Greylock Investments, Norwest Venture Partners, and U.S. Venture Partners, also participated in this round. Salomon Smith-Barney provided the placement management for Acta.

LOS ANGELES — Lead411, a provider of sales leads online, today announced its official launch and the closing of its first round of financing.
Unnamed individual investors led the angel round. The terms of the investment are undisclosed, however the financing will be used for working capital and sales/marketing initiatives. At the end of the calendar year, a round of venture funding will be looked into and strongly considered.

MENLO PARK, CA — Sprout Group announced today the promotion of Jeani Delagardelle to general partner, responsible for healthcare technology investments. Ms. Delagardelle joined Sprout Group in September 2000 as venture partner. She has more than 19 years’ experience in healthcare, both in senior operational capacities and within the venture capital community.
Prior to joining Sprout Group, Ms. Delagardelle was a general partner at Weiss, Peck & Greer Venture Partners from 1997 to 2000, during which time she focused on investments in medical devices, drug delivery, eHealth and genomics tools. Previously, she held senior roles in marketing, sales, business development and general management, running innovative programs at leading healthcare companies. Ms. Delagardelle was vice president of global marketing for Target Therapeutics (acquired by Boston Scientific for $1.1 billion), director of business operations for Roche Laboratories, and director of global marketing for Cell Pro, Inc. She also served nine years at Meditech/Boston Scientific, where she headed marketing for two of the company’s largest health-care franchises. Ms. Delagardelle began her career in Kimberly-Clark’s professional healthcare division.

CORONA DEL MAR, CA — Miramar Venture Partners announced completion of its initial closing with total capital commitments of $62 million. Miramar, formed earlier this year, will invest in early stage information technology companies, primarily in Southern California. Miramar’s largest investor is Dr. Henry Samueli, co-founder, Co-Chairman and Chief Technical Officer of Broadcom Corporation. Miramar’s other investors include technology executives, entrepreneurs and venture capitalists, as well as other business leaders, most of whom reside in or have strong ties to Southern California. Ultimately, Miramar expects its final fund size to be in the $100 million range. Miramar will operate from offices in Orange County and San Diego.
Miramar was formed and is managed by Bruce Hallett, Rick Fink and Bob Holmen. Prior to forming Miramar, Hallett and Fink were two of Southern California’s leading emerging growth company attorneys, having worked with many of the region’s most successful technology companies as senior partners at Brobeck, Phleger & Harrison. In addition, Hallett and Fink managed Brobeck’s internal investment fund over the past three years. Holmen’s career prior to Miramar stretched from software and hardware engineer to senior management roles in several technology companies. Most recently, Holmen served as a senior executive with First Consulting Group.

BEVERLY, MA — Insulet Corp., a leading developer of disposable insulin delivery systems for the treatment of diabetes, recently closed an $11 million round of venture capital from new investors Versant Ventures and Schroder Ventures Life Sciences and founding investor, Prism Venture Partners. Funding raised in this oversubscribed round brings total financing to $12 million. As a creator of the Company, Prism initially contributed $1 million in seed round funding in early 2000. Insulet will leverage the capital to make several senior management additions, aggressively expand research and development and initiate its marketing efforts.

For yesterday’s Wire, click here