Venture Capital Funding, Second Quarter 2014
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Venture Capital Funding Survey, Second Quarter 2014 VENTURE CAPITAL FUNDING, SECOND QUARTER 2014 This is a listing of many of the Bay Area firms that received venture capital financing between April 1 and June 30, 2014. Most of the data was compiled from a survey conducted by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association in conjunction with The Mercury News. In the case of some investments there may have been other participants in the round who are not credited. Also, the amounts listed may not include all venture funding the company received during the quarter. *Indicates this is a seed or first-round infusion of money from venture capitalists. These companies may have received money previously from other investors and aren't necessarily startups. BIOTECHNOLOGY / HEALTH Name City Stage Amount Investors Description Acerta Pharma San Carlos Startup/Seed $9,333,000 Frazier Management, Pharma treatments for undisclosed firm cancer and autoimmune diseases Aduro BioTech Berkeley Later Stage $40,602,000 Johnson & Johnson Clinical research services Development, Morningside Technologies, undisclosed firm Advanced Cardiac Santa Clara Expansion $7,300,000 NBGI Private Equity, New Temperature-sensing Therapeutics Enterprise Associates cardiac ablation systems Aldea Pharmaceuticals Redwood City Early Stage $1,000,000 Canaan Partners Pharmaceutical company Alector San Francisco Startup/Seed $3,000,000 Polaris Partners Biotech company Alios BioPharma South San Early Stage $41,000,000 F Hoffmann La Roche AG, Novel medicines for Francisco Novartis Venture Funds, treatment of viral diseases Novo A/S, Sr One, undisclosed firm ARMO Biosciences Redwood City Early Stage $30,000,000 Duff Ackerman & Biotechnology company Goodrich, Kleiner Perkins Caufield & Byers, NanoDimension Management, OrbiMed Advisors Avalanche Biotechnologies* Menlo Park Later Stage $55,127,200 Cowen Capital Partners , Gene therapies for serious undisclosed firma, Venrock eye diseases Page 1 of 30 Venture Capital Funding Survey, Second Quarter 2014 BenVenue Medical Santa Clara Later Stage $40,000,000 Domain Associates, Medical solutions and InterWest Partners, biomaterials for spine undisclosed firm, Versant repair Ventures Catalyst Biosciences South San Later Stage $5,010,000 Essex Woodlands Health Engineers therapeutic Francisco Ventures, Morgenthaler protease products Ventures, Sofinnova Ventures Cenexys San Francisco Early Stage $1,000 Undisclosed firm Pharmaceutical drug development services and research Cervel Neurotech Redwood City Expansion $850,000 Aberdare Ventures, D E Medical device company Shaw & Co Ceterix Orthopaedics Menlo Park Early Stage $18,000,000 5AM Venture Surgical tools for Management, Novo A/S, arthroscopic procedure Versant Ventures Chronix Biomedical San Jose Later Stage $3,329,000 Prairiegold Venture Diagnosis, management Partners of a range of cancers Coherus Biosciences Redwood City Early Stage $4,391,000 Sofinnova Ventures Biologics platform company Coherus Biosciences Redwood City Early Stage $55,633,100 Fidelity Biosciences, Biologics platform Kohlberg Kravis Roberts & company Co., Lilly Ventures, RA Capital Management, Sofinnova Ventures, undisclosed firm, Venrock, Vivo Ventures Counsyl South San Expansion $27,999,900 Felicis Ventures, Gives people access to Francisco Rosemont Seneca vital information about Technology Partners, their bodies undisclosed firm Crown Bioscience Santa Clara Later Stage $26,550,000 Lilly Asian Ventures Contract research service CytomX Therapeutics South San Early Stage $1,423,000 Undisclosed firm Proteolytically-activated Francisco antibodies Earlens Menlo Park Early Stage $3,516,000 Aisling Capital, New Medical device company Enterprise Associates, Eiger BioPharmaceuticals Palo Alto Early Stage $500,000 InterWest Partners Biopharmaceutical company Page 2 of 30 Venture Capital Funding Survey, Second Quarter 2014 Endogastric Solutions San Mateo Later Stage $30,637,800 Advanced Technology Surgery solutions for Ventures, Canaan gastroesophageal reflux Partners, Chicago Growth disease Partners, De Novo Ventures, Foundation Medical Partners, Oakwood Medical Investors, Radius Ventures, ForSight VISION5 Menlo Park Early Stage $15,000,000 Delphi Ventures, H.I.G. Clinical development- Capital, Morgenthaler stage company Ventures, Technology Partners, Versant Ventures Gemmus Pharma San Francisco Expansion $3,300,000 Angels' Forum & the Halo Biotechnology company Fund, BlueTree Allied focused on the Angels, Life Science development of Angels, Tech Coast pharmaceutical product Angels, undisclosed firm, Wilmington Investor Network Geneweave Biosciences San Jose Early Stage $12,000,000 Claremont Creek Ventures, Bacterial detection Decheng Capital, X/Seed platforms Capital Management Guardant Health Redwood City Early Stage $31,500,000 Khosla Ventures, Pejman Cancer test based on Mar Ventures, Sequoia blood samples instead of Capital biopsies Gynesonics Redwood City Later Stage $2,161,000 Advanced Technology Medical devices for Ventures, InterWest uterine fibroids Partners Halo Neuroscience* San Francisco Early Stage $1,500,000 Andreessen Horowitz, Neuroscience-based Kima Ventures SASU, technology for enhancing Softtech VC brain performance Ihear Medical San Leandro Expansion $2,499,900 Aphelion Capital, Web-enabled hearing Lighthouse Capital solutions Partners, undisclosed firm Intuity Medical Sunnyvale Later Stage $4,500,000 Accuitive Medical Therapeutic medical Ventures, Investor Growth devices to monitor blood Capital, Thomas McNerney glucose levels and Partners, U.S. Venture Partners, Venrock Page 3 of 30 Venture Capital Funding Survey, Second Quarter 2014 iRhythm Technologies San Francisco Expansion $17,343,000 Norwest Venture Partners, Engages in the Novo A/S management of cardiac arrhythmia information Jaguar Animal Health San Francisco Early Stage $4,777,000 Bioveda China Fund Health solutions to all animals NexSteppe South San Early Stage $9,658,000 Braemar Energy Ventures Feedstock solutions for Francisco II the biofuels and biobased products industry Nora Therapeutics, Palo Alto Early Stage $18,000,000 Burrill & Co., Novo A/S, Biopharmaceutical Prospect Venture Partners, company Rho Capital Partners, Vivo Ventures Numerate San Bruno Early Stage $8,240,000 Atlas Venture Advisors, Engaged in drug Lilly Ventures Management development Company, undisclosed firm One Medical Group San Francisco Later Stage $40,500,000 Undisclosed firms Personal healthcare services Oraya Therapeutics Newark Early Stage $25,132,000 Domain Associates, Essex Developed a non-invasive Woodlands Health therapy for wet age- Ventures, Scale Venture related macular Partners degeneration Pearl Therapeutics* Menlo Park Startup/Seed $500,000 5AM Venture Management Medical company Powervision Belmont Later Stage $6,000,000 Aisling Capital, Correlation Medical device company Ventures, Venrock Presidio Pharmaceuticals San Francisco Later Stage $12,544,000 Undisclosed firm Anti-infection pharmaceutical company Principia Biopharma South San Early Stage $50,000,200 Mission Bay Capital, Biopharmaceutical Francisco Morgenthaler Ventures, company New Leaf Venture Partners, OrbiMed Advisors, Sofinnova Ventures, Sr One, undisclosed firm Proteus Digital Health Redwood City Later Stage $119,450,000 Undisclosed firm Digital medicines company Page 4 of 30 Venture Capital Funding Survey, Second Quarter 2014 Reflexion Medical* Burlingame Early Stage $6,144,000 Pfizer Venture Biologically guided Investments, Sofinnova radiation therapy system Partners SAS, Venrock SFJ Pharmaceuticals Pleasanton Expansion $9,770,000 Undisclosed firms Specialty pharma company Sonitus Medical San Mateo Later Stage $10,215,000 Abingworth Management, Non-surgical and Arboretum Ventures removable hearing devices Sorbent Therapeutics Sunnyvale Later Stage $6,500,200 Arch Venture Partners, Biopharmaceutical CMEA Development Co., company GeneChem Financial, Novartis Venture Funds, Sofinnova Ventures Spinal Kinetics Sunnyvale Later Stage $33,845,200 De Novo Ventures, HLM Medical device company Venture Partners, Lumira Capital., Scale Venture Partners, Sv Life Sciences Advisers True North Therapeutics South San Early Stage $8,000,000 Baxter Ventures, Biogen Therapies that inhibit the Francisco Idec New Ventures, Kleiner complement system to Perkins Caufield & Byers, treat rare disease MPM Capital, Sr One TWELVE Menlo Park Early Stage $9,076,000 Domain Associates, Medical device incubator Morgenthaler Ventures, Versant Ventures Twist Bioscience San Francisco Early Stage $25,999,800 Applied Ventures, Arch DNA production and drug Venture Partners, Paladin development Capital Management, undisclosed firms Virobay Menlo Park Later Stage $6,000,000 Alta Partners, undisclosed Discovers anti-viral drugs firm Voloagri South San Early Stage $976,000 Avrio Capital Management, Invests in the global Francisco Kleiner Perkins Caufield & vegetable seed industry Byers Page 5 of 30 Venture Capital Funding Survey, Second Quarter 2014 BUSINESS SERVICES Name City Stage Amount Investors Description 6 Sense Insights* San Francisco Early Stage $12,000,000 Battery Ventures, B2B predictive intelligence undisclosed firm, Venrock engine for sales and marketing Adespresso San Francisco Early Stage $800,000 500 Startups, Sierra Maya Software-as-a-service Ventures, undisclosed firm, solution to manage VegasTechFund Facebook advertising AdRoll San Francisco Expansion $70,000,100 Accel Partners & Co., Retargeting marketing Foundation Capital, platform Glenmede Trust Co NA,