Software
Kapow Technologies
Mashup startup Kapow Technologies of Palo Alto, Calif., has completed an $11.6 million Series C financing. New investors include Steamboat Ventures, the Los Angeles venture capital affiliate of Walt Disney Co., and Morgan Stanley's Strategic Investments Group of New York, as well as previous investors Kennet Partners of London and NorthCap Partners of Copenhagen. The company claims to gather mashable public and private Web intelligence, combining it with software to turn the Internet into the world's largest database. The new funds allow the company to enhance its software-as-a-service platform and expand its global sales operations in the media, financial services, manufacturing, transportation and government sectors. Founded in 1998 in Copenhagen, the application integration software developer previously raised $15.4 million in funding.
Wireless equipment
Zinwave
Cambridge, England, wireless equipment maker Zinwave Ltd. has raised $10 million in a Series B funding. Sweden's SEB Venture Capital led the round with participation from investors Atlas Venture of Waltham, Mass., and Scottish Equity Partners of Glasgow. Founded in 2002, Zinwave raised $8 million a Series A round in September 2006. The startup is developing wideband active distributed systems designed to extend in-building cellular and wireless access. The capital will be used for product development and to expand its mobile operator and sales channel relationships in the US, Europe and Asia.
Wireless
Rapid Mobile
Mobile devices applications supplier Rapid Mobile Media Ltd. has completed a £2 million second round led by New Enterprise Associates of Baltimore. Also participating were Alliance Trust Equity Partners of Edinburgh, Scotland, and the returning Pentech Ventures and Scottish Enterprise's Scottish Venture Fund, both of Glasgow. The company's first round was a $1.16 million funding in January 2006. Founded in 2004, the Edinburgh company develops mobile advertising and mobile application provisioning software platforms for mobile phones and devices. The round's proceeds will be used to support the company's activities, to expand sales channels and for product development.
Internet
Laszlo Systems
San Mateo, Calif., open-source software developer Laszlo Systems Inc. has added $6.6 million to its Series C round, to close with $14.6 million. The company is the developer of OpenLaszlo, an open source platform for building and deploying Ajax applications. New investor WI Harper Group of San Francisco led the round, joining existing investors Mitsui & Co. Venture Partners of New York and Tokyo, General Catalyst Partners of Cambridge, Mass., San Francisco-based Sofinnova Ventures and other private investors. Laszlo will use the capital to expand sales and marketing, for product development and for strategic partner programs. The company has raised more than $33 million since inception, including a $12 million first round in September 2002 and $6.25 million Series B in April 2005. General Catalyst and Sofinnova also supplied about $1 million in seed funding early in Laszlo's development.
Pharmaceuticals
Trevena
Berwyn, Pa., pharmaceutical company Trevena Inc. has secured a $24 million Series A financing. The drug company is developing products targeting G-protein coupled receptors, the proteins on the surface of cells that play a role in receiving chemical signals from other cells and in activating cellular responses. Alta Partners of San Francisco and Healthcare Ventures of Princeton, N.J., led the round, joined by New Enterprise Associates of Baltimore and Polaris Venture Partners of Waltham, Mass. The company will use the funds to advance its drug portfolio. Joining Trevena's board are: Farah Champsi, managing director at Alta; Christopher Mirabelli, a partner at Healthcare Ventures; Robert Garland, a partner at New Enterprise Associates; and Terry McGuire, a managing partner at Polaris.
Medical devices
Sleep Solutions
Pasadena, Md., medical device and diagnostics developer Sleep Solutions Inc. raised $20.5 million in a fourth round of venture funding led by the TPG Biotechnology II fund and including previous investors MedVenture Associates of Emeryville, Calif., Lava Ventures of Honolulu and Emergent Medical Ventures of Portola Valley, Calif., to advance products to identify and treat sleep apnea and other disorders. The deal brings total investment in the 16-year-old Pasadena, Md., company to $54.5 million. The new investment is designed to boost sales and marketing of products and services to treat nighttime breathing disorders in a home setting to avoid more costly clinical treatment. --Clifford Carlsen
Cayenne Medical
Scottsdale, Ariz., sports medicine company Cayenne Medical Inc. closed a $15 million Series C financing led by Investor Growth Capital of New York. Also participating were the returning Split Rock Partners of Minneapolis, MB Ventures of Memphis and a group of private individuals. The financing brings Cayenne's total equity investment to $32 million, including a January 2007 Series B that raised $12.7 million. Cayenne's lead product, the AperFix System for ACL reconstruction, enables surgeons to perform a surgical procedure resulting in total repair of the anterior cruciate ligament in the knee.
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