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VC dealflow: Oct. 23, 2007

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Software

Voltage Security
Palo Alto, Calif.-based information encryption company Voltage Security Inc. has completed a $12 million Series D financing. The proceeds will be used for new product development, as well as for sales and marketing. Trident Capital of Palo Alto, Calif., led the round with participation from existing investors including Hummer Winblad Venture Partners of San Francisco, Morgenthaler Ventures and Menlo Ventures, both of Menlo Park, Calif., Cipio Partners of San Jose, Calif., and Jafco Ventures of Palo Alto. Peter T. Meekin, managing director at Trident Capital, has also joined the Voltage board of directors. Voltage is an enterprise security company specializing in cryptography for protecting valuable, regulated and sensitive information. --G.W.

RoyaltyShare
San Diego's RoyaltyShare Inc., a provider of digital royalty and content management technology to the entertainment industry, has added $4 million to its Series B, to close with $9 million. Investors included Germany's Bertelsmann Digital Media Investments and Trident Capital of Palo Alto, Calif., which led the round with a $5 million investment. Founded in 2005, RoyaltyShare is a software-as-a-service provider of royalty processing technology and Web-based services supporting the distribution and sale of digital music. --G.W.

Internet

Tioti
London's Pond Venture Partners has led a Series A investment for an undisclosed amount in Tioti Inc. of Seattle. Tioti is a newly-launched social media aggregation site aimed at becoming a major destination portal for TV programming. The site has indexed more than 75,000 television shows and offers more than 500,000 individual episodes for download. The company also offers social networking tools for users to recommend shows to friends, discuss shows and set up shared "TV watch lists." --G.W.

Energy

HelioVolt
Solar cell maker HelioVolt Corp. has added $24 million to its Series B funding, giving it a total of $101 million for the round. The last tranche came from new investors Sequel Venture Partners of Boulder, Colo., Noventi Ventures of Menlo Park, Calif., and Passport Capital of San Francisco. In August, the Austin, Texas company closed on $77 million from co-leaders Paladin Capital Group and the Masdar Clean Tech Fund. Insider New Enterprise Associates of Menlo Park, Calif., and new investors SolĂșcar EnergĂ­a SA, a subsidiary of Madrid's Abengoa; Morgan Stanley Principal Investments of New York; Sunton United Energy LLC of Salt Lake City; and Houston-based Yellowstone Capital Inc. also participated. NEA led HelioVolt's $8 million Series A funding in 2005. Formed in 2001, HelioVolt is one of a new generation of solar energy companies that make "thin-film" panels using a mix of chemicals called copper indium gallium selenide, or CIGS. The company plans to use the majority of the Series B proceeds to build a factory to utilize its "FASST" manufacturing process for making CIGS-integrated solar products. --G.W.

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