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Internet CrownPeak Los Angeles-based content management startup CrownPeak Technology closed a $6 million second round that brings its total financing to $10.25 Million. SunAmerica Ventures of Los Angeles led the round, joined by existing investors Sigma Partners of Boston and Altos Ventures of Menlo Park, Calif. The company will use the funds for new product development initiatives and for marketing. Troy Fukumoto of SunAmerica will join CrownPeak's board. The company develops on-demand software that helps Web site adminstrators manage e-commerce sites. Lumos Labs San Francisco's Lumos Labs Inc. raised $3 million in new equity financing. Investors in the round included Pequot Ventures of Menlo Park, Calif., Norwest Venture Partners of Palo Alto, Calif., and existing investors including angel Michael Dearing. The company is the developer of Lumosity.com, a Web-based provider of brain training games. The funds will go toward development of Lumosity.com and support new products designed to enhance brain fitness. Founded in 2005, Lumosity.com's programs consist of exercises designed to train and improve cognitive functions. Passpack Passpack Srl, a Web services company that manages online passwords, received an undisclosed amount of first-round funding from Zernike Meta Ventures and Italian Angels for Growth, both of Italy. Launched in December 2006, the Rome-based startup offers a software-as-a-service product that secures passwords and account information for Internet users. Passpack will use the proceeds for staffing, marketing and building business infrastructure. Software IP Commerce Denver-based e-commerce software provider IP Commerce Inc. doubled its equity investment with a $17 million Series C round of capital led by New York-based Venrock, joined by new strategic investor Total Technology Ventures of Atlanta and previous investors Meritage Ventures, Appian Ventures and Iron Gate Capital, all of Denver. The company will use the funds to build on relationships with payment services providers and software vendors and to expand sales of on-demand software for transactions and business analytics. The new investment round is expected to take the company to positive cash flow in 2009. -- Clifford Carlsen Medical devices VeraLight Medical device maker VeraLight Inc. of Albuquerque, N.M., closed its Series C funding with $20 million. The current round of funding was led by the Psilos Group of New York, alongside CMEA Ventures of San Francisco. Also particiapting were EPIC Ventures, vSpring Capital and Wasatch Venture Fund, all of Salt Lake City; Dow Chemical Co. of Midland, Mich.; and the Southern Ute Growth Fund of Ignacio, Colo. The company will use the funds to complete clinical trials and commercialize the VeraLight Scout DS non-invasive diabetes screening system. The product is a noninvasive test for diabetes that uses fluorescent light that detects glucose abnormalities. PhysioSonics Seattle-based PhysioSonics Inc., a maker of noninvasive neurologic products, held the first close of its Series A financing with $4 million from Johnson & Johnson Development Corporation of New Brunswick, N.J. The company will use the funds for commercialization of their first product. Founded in 2000 as Allez PhysiOnix, the company changed its name to PhysioSonics and is now developing an ultrasound-based technology to provide a transcranial Doppler neuromonitor. Healthcare China Medicine On-Line Tel Aviv-based venture fund Infinity Equity invested $8 million in China Medicine On-Line Ltd., a telemedicine services provider in China from its Infinity I-China Fund. The investment will be made in two phases of $4 million each. China Medicine On-Line is a healthcare network that supplies a "panic button" service to older patients in Shanghai and Nanjing. Customers may use the service to connect to a call center where they may get help from trained professionals. Nanotech NanoHorizons Nanotechnology startup NanoHorizons Inc. of State College, Pa., closed a $6.7 million second round from Penn Venture Partners L.P, Life Sciences Greenhouse of Central Pennsylvania and a number of private investors, all of Philadelphia. The company has developed a line of so-called SmartSilver additives, which are being used in fiber and fabric applications. NanoHorizons focuses on nanotechnology applications in the fiber and textile, healthcare and microelectronics industries. Energy Tigo Energy Los Gatos, Calif., solar company Tigo Energy raised $6 million in a round co-led by Matrix Partners of Boston and OVP Venture Partners of Seattle. Tigo builds hardware and software intelligence into solar energy installations, making them more efficient and manageable.
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