Private Equity Week Wire Monday, 3/19

FOSTER CITY, CA & MUNICH, GERMANY — — BigMachines, Inc., the definitive provider of eBusiness for Engineered Systems software enabling companies to configure and sell complex products online, today announced it has closed its Series B round and secured an additional $29 million in capital from global investors Vista Equity Partners (a San Francisco-based private equity firm which manages $1.2 billion of committed capital) and Deutsche Venture Capital GMBH (a Frankfurt, Germany-based partner company of Deutsche Bank AG), and prior investors including Sculley Brothers LLC, Rolling Thunder Network and Abel Equities, LP. This second round of financing will enable the company to achieve long-term financial success without raising any further funding. The company will use the capital to build a global sales organization, support the rapid adoption of their products within the current customer base and to continue investing heavily in software development.

SUPERIOR, CO — SBVC, a leading Internet venture capital fund, today officially opened its new office, HOTBANK Colorado, in Superior. Centrally located in the high-tech corridor between Denver and Boulder, the 30,000-square-foot facility and professional staff will be able to support up to 10 local start-ups in its new location. With a focus on design and functionality, the space was designed by the award-winning Boulder-based firm, OZ Architecture, whose own origins began in the basement of one of its founders’ homes.

TEWKSBURY, MA — Winphoria Networks Inc. — the core infrastructure company for mobile wireless service provider networks — today announced it has raised $42 million in its second round of venture capital funding, bringing its total financing to more than $50 million. The round was led by Matrix Partners, North Bridge Venture Partners, Norwest Venture Partners (which contributed $13 million) and Amerindo Investment Advisors. Winphoria Networks was founded in March 2000 by Murali Aravamudan and Dr. Shamim Naqvi – the pioneers of SoftSwitch technology at Lucent Technologies Bell Labs (NYSE: LU). The company is led by veteran telecommunications entrepreneur Michael Champa, whose previous start-ups include Cascade Communications Corp. and Omnia Communications. The company is developing next-generation infrastructure equipment for wireless service provider networks.

MENLO PARK, CA — The Sprout Group announced today that the firm led the Series B equity financing of WaterCove Networks, a developer of infrastructure equipment for data-centric mobile wireless networks. Sprout invested $20 million of a $40 million round which included new investors Orange Ventures and Comdisco Ventures and existing investors Charles River Ventures and Bessemer Ventures.

SAN DIEGO — Tandem Medical Inc., a privately held
medical device and drug delivery company, today announced it has closed an
oversubscribed round of financing totaling $13 million.
New investors included Sofinov, Avalon Capital Group, Biotechvest, and
Pacific Horizon Ventures, while current investors, Domain Associates, Forward
Ventures, Portage Ventures, and Windward Ventures also participated.

NEW YORK — Atlantic Technology Ventures, Inc.
(Nasdaq: ATLC), a company engaged in developing and commercializing a
portfolio of patented technologies, announced it has entered into a common
stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago based
institutional investor, whereby Fusion Capital shall buy $6.0 million of
Atlantic’s common stock. These funds will be used for general corporate
purposes, acquisitions and other corporate opportunities.

SAN FRANCISCO — On April 1, 2001, CMEA Ventures will announce that James F. Watson will become a General Partner. Jim has over 25 years of experience in high technology start-ups, computer design and marketing, supply chain strategies, strategic planning and partnering, as well as board development. Prior to joining CMEA, Jim was consultant to several professional services firms and venture capital partnerships. Before consulting, he spent 16 years at Skyway Systems, a high technology logistics company.

SUNNYVALE, CA — Jareva Technologies, Inc., a provider of IT automation software that enables enterprises to rapidly scale their business, today announced it has raised $9 million in its first closing in the Series B funding round. The capital will be used for product development and to expand sales and marketing. Venture capital firms Crest Communications Holdings and Labrador Ventures led the $9 million financing, joined by Satwik Ventures.