Dec 03

PE Week Wire - Friday 12/3

Funding Rounds

▤ Summary

You give these guys way too much credit.” Perhaps you’re right, Tony, but there are two things worth pointing out here: (1) Penhoet somehow convinced Metabolex to take money today at a relatively low valuation, whereas it could have gotten a far better deal in two months, assuming the Phase II trials go well. Anyway, all of this brings us to the predictor press release I completely failed to pick up on: the announcement in early October that Ed Penhoet, a director with Alta Partners, was stepping down from his chairman position on the board of Eyetech Pharmaceuticals Inc. (Nasdaq: EYET). wwww.ibtreflab.com NewsGator Technologies Inc., a Highlands Ranch, Colo.-based provider of RSS aggregation platform solutions, has raised an undisclosed amount of second-round VC funding from return backer Mobius Venture Capital. Duke Street originally acquired its position in 19997, alongside company management, Kleinwort Benson European Mezzanine Fund II, LBO Croissance and Initiative et Finance Investissement. Sprout Group led the deal with a $7 million commitment, and was joined by fellow new investors Integral Capital Partners, Burrill & Co. and JP Morgan’s Bay Area Equity Fund.

$ Funding

Amount $10.0M Total raised

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Date December 3, 2004 Announcement date

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Investors ECI Partners, Genstar Capital, Vector Venture Capital, Interdent, Huron Capital, Harvest Partners, Summer@Highland, Norwest Venture Partners, Intarcia Therapeutics, Venture Hub, Goldman Sachs, Goldman Sachs Asset Management, Kaiser Permanente Ventures, Vulcan Capital, WildBrain, Madrona Venture Group, Rho Ventures, EdgeStone Capital Partners, ToysRUs, Henderson Global Investors, Cineworld Cinemas, Dana Incorporated, HLM Venture Partners, IVP, Change Capital Partners, BDMI, AXA Private Equity Lead investors

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Company http://www.gotuit.com Funded company