Archive for the 'wire' Category
Molecular diagnostics company Veracyte has raised $9.3 million of an expected $28.4 million in a second round of funding. According to a filing with the SEC, investors include Domain Associates, Versant Ventures, Kleiner Perkins Caufield & Byers and TPG Biotech. The South San Francisco company focuses on the accurate diagnosis of thyroid and non-small cell lung cancer. Veracyte, formerly known as Calderome, last raised $12 million in 2008.
Companies: Calderome, Domain Associates, Kleiner Perkins Caufield & Byers, TPG Biotech, VeraCyte, Versant Ventures
Online video sharing site Metacafe has secured $5 million of an expected $6 million in debt, options, warrants and securities, according to a filing with the SEC. The Palo Alto, Calif. company is backed by Accel Partners, Benchmark Capital, DAG Ventures and Highland Capital Partners. The company, which filters videos based on viewer reactions, launched a new site dedicated to movies in late May. Competitors include YouTube and Dailymotion.
Companies: Accel Partners, Benchmark Capital, Dag Ventures, Dailymotion, Highland Capital Partners, YouTube
FirstRain, a service that scrapes the web to deliver relevant research to investors, has brought in $7.3 million of an anticipated $8.8 million round of equity, according to a filing with the SEC. Based in San Mateo, Calif., the company has raised $20.9 million to date and is backed by Oak Investment Partners, DiamondHead Ventures and Ampersand Ventures.
Companies: Ampersand Ventures, Diamondhead Ventures, Firstrain, Oak INvestment Partners
Coapt Systems, maker of treatments to keep women’s faces looking smooth and youthful, has raised $3.72 million of an anticipated $9 million round of debt, securities, warrants and rights, according to a filing with the SEC. Based in Palo Alto, Calif., the company is backed by Canaan Partners, Alta Partners, Global Life Science Ventures, Boston Millennia Partners, Foundation Medical Partners, Easton Capital Investment Group, Asset Management, Spring Ridge Ventures, Saints Capital, Trellis Health Ventures, Sears Capital Management and Trellis Health Ventures.
PowerReviews, a service that aggregates consumer reviews and helpful widgets for e-commerce web sites, has brought in $4.93 million of a targeted $9 million round of venture financing, according to a filing with the SEC. Based in San Francisco, the company, which also runs shopping research service Buzzillions, is backed by Draper Richards, Menlo Ventures and Tenaya Capital. It has now raised about $26 million to date.
Simbol Mining, a company that has devised a greener, more efficient way to extract lithium carbonate from the earth, has brought in $1.375 million of an anticipated $5 million round of convertible promissory notes, according to a filing with the SEC. Based in Pleasanton, Calif., Simbol is backed by Firelake Capital Management and Mohr Davidow Ventures. It has now raised more than $8 million to date.
Lithium carbonate has several applications. It’s most common is as an ingredient in medications used to treat mania in patients with bipolar disorder. Incidentally, it can also be used in fireworks displays to produce a deep red color of flame.
Lexy, a service that lets you listen to short news and entertainment podcasts on-demand by dialing 415-692-4933 on your mobile phone, has brought in $458,000 of an expected $800,000 round of debt, rights and securities, according to a filing with the SEC.
Based in San Francisco, the company raised $1.25 million in seed funding from KPG Ventures in March. It’s unclear whether KPG was involved in the new round of debt financing.
Kakai, a secretive startup said to be working on a new portable consumer electronics device, has brought in $7.5 million in equity, according to a filing with the SEC. Based in Santa Clara, Calif., the company is backed by Andreessen Horowitz, the new firm founded by Netscape founder Marc Andreessen. Kakai has no web site yet.
Center’d, creator of social networks revolving around local events and activities, has brought in $1.9 toward a targeted $4 million round of equity, according to a filing with the SEC. Based in Menlo Park, Calif., the company is backed by KeyNote Ventures, Norwest Venture Partners and a handful of angel investors.
Jingle Networks, the startup that operates 1-800-FREE-411, a national telephone directory service, has raised $6.75 million in new venture funding, according to an SEC filing. Based in Menlo park, Calif., the company received this recent round from undisclosed investors.
It has now raised an impressive $88.7 million to date from a group including First Round Capital, Lead Dog Ventures, Liberty Associated Partners, Rose Tech Ventures, Goldman Sachs, the Hearst Corporation, Flybridge Capital, IDG Ventures and Comcast Interactive Capital.





