VentureWire Alert

Message-ID: <14074972.1075861488569.JavaMail.evans@thyme> Date: Mon, 26 Nov 2001 04:50:37 -0800 (PST) From: alert@venturewire.com To: jdasovic@enron.com Subject: VentureWire Alert, Monday, November 26, 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: VentureWire Alert X-To: jdasovic@ENRON.COM X-cc: X-bcc: X-Folder: \JDASOVIC (Non-Privileged)\Dasovich, Jeff\Deleted Items X-Origin: Dasovich-J X-FileName: JDASOVIC (Non-Privileged).pst VentureWire Alert

For Jeffrey Dasovich, Enron

VENTURE
MARKET
SUMMARY

With most people heading home for the Thanksgiving holiday, five companies reported raising $57 million to close out the short week. Among the thankful was Novasonics, a medical device company that develops hand-held ultrasound products that is expected to announce the closing of $21.5 million in Series C financing from investors including Merrill Lynch Ventures, Siemens Venture Capital, and Texas Instruments.

Ellie Mae also had reason to celebrate. The provider of Internet software and services for connectivity between mortgage originators and their business partners has closed $7.5 million in its Series F round of funding, VentureWire has learned, and looks to go public next year if the market is favorable.

VentureWire also learned that WirelessCar, which provides telematics infrastructure services, is raising between $15 million and $20 million in its third round of financing that is targeted to close by the end of December. The company is in talks with SAIC, Vodafone, and an undisclosed third investor -- all new investors in the company.

The complete text of the stories below, as well as 5 additional venture-capital and private-company stories, are available today exclusively to subscribers to our new, premium service, VentureWire Professional. Find out more.

Healthcare Outlook
San Francisco Airport Marriott
January 22, 2002

Thomas Caskey
President & CEO,
Cogene BioTech Ventures

Awarded numerous academic and industry-related honors for his work in human genetics, Dr. Caskey is the President & CEO of Cogene BioTech Ventures. A member of the National Academy of Science and the Institute of Medicine, as well serving on several other national research and review panels, he sits on the boards of several corporations. His perspective on the opportunities presented by the findings of the Human Genome project, and what scientific challenges entrepreneurs and companies still face promises to be enlightening. As a distinguished scientist and investor, few are as well-positioned as he to offer such expert insight on biotechnology and biomedical projects. Register today to guarantee your place at Healthcare Outlook on January 22, 2002.

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NOTABLE DEALS

Ultrasound Device Firm Novasonics Gets $21.5M Series C
MOUNTAIN VIEW, CALIF. -- Novasonics, a medical device company that develops hand-held ultrasound products, is expected to announce the closing of $21.5 million in Series C financing. [more..] http://www.novasonics.com

WirelessCar Driving for $20M, Moving HQs to the U.S.

IRVINE, CALIF. -- WirelessCar, which provides telematics infrastructure services, is raising between $15 million and $20 million in its third round of financing that is targeted to close by the end of December, Neal Jagoda, recently appointed North American director of sales, told VentureWire. Mr. Jagoda also said the company will relocate its world headquarters from Gothenburg, Sweden to its North American headquarters at Irvine, Calif. [more..]
http://www.wirelesscar.com

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VENTUREWIRE INDEX

436.4 -3.28%

Performant Brings in $7.3 Million in Series B Round
BELLEVUE, WASH. -- Performant, a provider of testing and performance software for mission critical application systems, said it received $7.3 million in its Series B round of funding. [more..] http://www.performant.com

Public Insurance Firm Arch Capital Gets $763M PE Infusion
NEW YORK -- Arch Capital Group, a publicly traded Bermuda-based insurance holding company, said it has closed $763 million in private equity funding. [more..] http://www.warburgpincus.com

Healthcare Venture Capital Investing,
The Year In Review

What really happened to Healthcare investing in 2001?
Did the biotech miracle last? Did select e-health areas
take off? Which ones finally died? Where is the money
going and what are the trends for 2002? Healthcare is hot,
but selectively, and we know where and why. This year,
Healthcare Outlook will feature a special presentation by
Ken Andersen, Editor of VentureWire.
Ken will unveil the latest numbers across the healthcare
industry broken down by sector. You can wait until
late February and hear it with the rest of the world or get
the numbers first at Healthcare Outlook. Save your spot,
register today.

Healthcare Outlook, January 22, 2002
San Francisco Airport Marriott, Burlingame, Calif.

http://www.healthcareoutlook.com

Wireless Software Firm 2Roam Looks to Sell IT Assets
REDWOOD CITY, CALIF. -- 2Roam, a provider of wireless application software and services, is looking for buyers for its technology assets, according to an investor. [more..] http://www.2roam.com

Calling All High Growth Women Entrepreneurs!

The application deadline for Springboard:

Southwest 2002 Venture Capital Forum is December 3, 2001.
If you're a woman entrepreneur seeking investment capital,
here's the opportunity you've been waiting for. Investors
and Business Professionals, we need your help. Please
encourage all women entrepreneurs to apply to present at
Springboard: Southwest 2002 today! Interested
entrepreneurs can apply to present at www.springboard2000.org.
Springboard: Southwest is part of a national forum series
that has to date featured 200 women entrepreneurs who have
raised over $615 million in equity capital. Springboard:
Southwest is produced by the Forum for Women Entrepreneurs-
Texas and Springboard Enterprises and will be co-hosted by
Fidelity Investments and Capital Across America on March 21,
2002 in the Dallas Metroplex.
http://www.springboard2000.org

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