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Life sciences Pharmaceuticals Bind Biosciences Drug delivery technology Bind Biosciences Inc. of Cambridge, Mass., has raised $16 million in new second-round venture funding. First-time investors Arch Venture Partners of Chicago and NanoDimension AG of Zurich joined existing backers Polaris Venture Partners of Waltham, Mass., and Flagship Ventures of Cambridge in the round. Bind is creating nanotechnology that helps deliver and release drugs to diseased tissues in targeted fashion. Founded in 2006, Bind received $2.5 million in Series A funding in January 2007. --P.B. Clarus Therapeutics Oral testosterone replacement developer Clarus Therapeutics Inc. of Northbrook, Ill., has completed an $8 million third round of funding led by H.I.G. Ventures of Miami. Also participating was the company's only existing institutional investor, Thomas McNerney & Partners LLC of Stamford, Conn., which participated in two earlier rounds totaling $7 million. Clarus will use the new capital for second-phase clinical trials on its therapy for men with low testosterone levels. --P.B. Xenome Peptide developer Xenome Ltd. of Brisbane, Australia, has raised $10 million in new second-round venture funding, including a $5 million contribution from Amylin Pharmaceuticals Inc., a publicly traded drug developer based in San Diego. Two local Queensland-based funds also provided capital, including $2.7 million from existing investor Queensland BioCapital Fund and $2.3 million from Innovis Investment Partners. Xenome is developing a pain relief drug, and will engage in joint drug discovery alongside Amylin. --P.B. Medical devices Evalve Cayman Islands-based hedge fund BBT Fund LP has led a $60 million fourth round of funding for Evalve Inc. of Menlo Park, Calif., a maker of medical devices that repair malfunctioning cardiac valves. Other participants included prior investors Delphi Ventures and New Enterprise Associates, both of Menlo Park; Split Rock Partners LLC of Minneapolis and Abbott Laboratories of Abbott Park, Ill. Evalve plans to commercialize its mitral regurgitation treatment in Europe, and perform further studies with the goal of introducing the product in the U.S. The startup raised $35 million in a May 2004 round. --P.B. Biospace Med Biospace Med, an orthopedic imaging company jointly headquartered in Paris and Atlanta, has received $18 million in new venture funding from investors led by NBGI Ventures of London and Crédit Agricole Private Equity of Paris. Two current investors based in Paris, Edmond de Rothschild Investment Partners and UFG PE, also provided funding in the round, for which Aelios Finance of Paris acted as a financial adviser. The company is planning to expand global marketing efforts for its low-dose X-ray technology. --P.B. Information technology Networking Platform Solutions Data center computing systems developer Platform Solutions Inc. has completed a new $37 million third round of venture funding that includes Blueprint Ventures of South San Francisco, Calif.; Goldman, Sachs & Co. of New York; Intel Capital of Santa Clara, Calif.; InterWest Partners of Menlo Park, Calif.; InvestCorp of Bahrain and Microsoft Corp. of Redmond, Wash. The round is Platform's first since August 2004, when it raised an unspecified amount; a prior Series A round in 2003 was valued at more than $10 million. Platform was spun out of Fujitsu-Amdahl, and is based in Sunnyvale, Calif. --P.B. Software Optimum Energy Seattle-based energy management software maker Optimum Energy LLC has closed a $5 million second venture round. Columbia Pacific Management Inc. of Seattle accounted for nearly all of the new money. The two-year-old startup develops software that reduces energy consumption in high-rise buildings, managing consumption of heating and cooling energy as well as water usage. --P.B. Qwaq Alloy Ventures Inc. of Palo Alto, Calif., and Storm Ventures LLC of Menlo Park, Calif., have jointly led a $7 million Series A round of funding for Qwaq Inc., a developer of collaborative workflow software for enterprises. Unnamed prior investors also participated, but Alloy and Storm were identified as Qwaq's first institutional backers. The startup is based in Palo Alto, and plans to use the funds for additional sales, marketing and product engineering personnel and initiatives. --P.B. Calabrio Minneapolis-based Calabrio Inc., a creator of workforce management software for call centers, revealed the closing of its $8 million second round of funding from two local investors. BlueStream Ventures and Split Rock Partners LLC, both based in Minneapolis, supplied the funding. Calabrio was acquired in August 2006 by Spanlink Communications Inc., which now operates a separate services business for voice-over-Internet-protocol contact centers. The new investment formalizes the spinout of Calabrio from Spanlink. --P.B. Semiconductors Quantenna Sunnyvale, Calif.-based wireless chip developer Quantenna Communications Inc. raised $12.7 million in a Series B round led by Sigma Partners of Menlo Park, Calif. to complete development and begin marketing multiple-antenna semiconductors late next year. The company also brought in Germany's Grazia Equity GmbH as a new investor, joining returning backers Sequoia Capital and Venrock Associates, both of Menlo Park, to bring total investment to about $25 million. The deal is expected to allow the company to launch its first products for a broad spectrum of wireless markets, and begin volume production with Taiwan Semiconductor Manufacturing Co. Ltd. as its primary fabrication partner. --Clifford Carlsen Gigle Barcelona, Spain-based home networking technology developer Gigle Semiconductor raised $20 million in a Series B investment round to launch production of chips to allow consumers and telecommunications carriers to deliver broadband multimedia content through power lines and other existing home wiring. Scottish Equity Partners led the round, and previous investors Accel Partners of London and Pond Venture Partners Ltd. of San Jose, Calif. returned in the deal, which brings total funding in the two-year-old company to $31 million. The new money will support fabrication of chips the company expects to roll off production lines next month, and advance sales and marketing for design with original equipment developers of consumer equipment, and telecommunications carriers. --C.C. Other Xiotech Seagate Technology LLC chairman Steve Luczo has led a new round of funding worth more than $40 million for Xiotech Corp. of Eden Prairie, Minn., a developer of data storage products for midsized organizations. The deal comes about three weeks after Xiotech acquired Seagate's Advanced Storage Architecture group. Seagate, a maker of hard drives based in Scotts Valley, Calif., previously owned Xiotech between 1999 and 2002, but sold its stake to Oak Investment Partners of Westport, Conn. Luczo was also elected to Xiotech's board of directors upon his current investment. --P.B. n  Deal Video
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