Message-ID: <29188638.1075861489493.JavaMail.evans@thyme> Date: Tue, 27 Nov 2001 04:55:01 -0800 (PST) From: alert@venturewire.com To: jdasovic@enron.com Subject: VentureWire Alert, Tuesday, November 27, 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
VentureWire Alert
 For Jeffrey Dasovich, Enron
VENTURE
MARKET
SUMMARY
The biggest news of the day was Skyline Ventures, which makes early-stage healthcare and life sciences investments, announcing that it landed $150 million in committed capital for its new fund, Skyline III, and its affiliated fund, Skyline Expansion Fund. Skyline plans to invest as much as $10 million to $12 million per portfolio company over the course of several venture rounds through Skyline III, with typical initial investments ranging from $4 million to $5 million. Skyline III will focus on early-stage investments in drug discovery tools, biotechnology, medical devices, and healthcare information technology. The Skyline Expansion fund will focus on mezzanine-stage investments.

Monday was a quiet day for fundraising went with nine companies raising $60 million, but IronPort Systems, an Internet messaging technology firm, is expected to announce its launch today with backing from investors including Hotmail founders, Sabeer Bhatia and Jack Smith. The company has also entered into a partnership with Dell Computer. IronPort, which raised a $3.9-million seed round in February, was founded a year ago by CEO Scott Weiss, a former executive with Microsoft and Hotmail, and chief product officer Scott Banister, founder of Listbot, an e-mail list hosting service acquired by Microsoft.

Meanwhile, there were more shakeups at Mahi Netowrks. The optical transport switch router developer that laid off a third of its 300-member staff in September said CEO Greg Peters has left the company and the company has appointed Chris Rust, partner with Sequoia Capital, as an interim CEO as it searches for a permanent replacement. Elsewhere SANgate lost its CEO after EMC won a ruling on Doron Kempel's non-compete agreement. Mr. Kempel, a former exec at EMC, can't rejoin SANgate until next August.

The complete text of the stories below, as well as 19 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

 Healthcare OutlookDr. Michael Friedman
SVP, Research & Development,
Pharmacia Corp.


If it's an expert viewpoint from both sides of the regulatory divide you're looking for, Michael Friedman's superbly qualified to ask. A former acting commissioner of the FDA, and currently head of research at Pharmacia, he understands both the drug regulatory process and the pharmaceutical research and development process intimately. He bridges all the key areas on what it takes to get a drug through development and approval. On October 30th, it was announced that he will spearhead the Pharmaceutical Research and Manufacturers of America's (PhRMA) initiative to protect public health as PhRMA's Chief Medical Officer for Biomedical preparedness. Register your place today to hear his address at Healthcare Outlook



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NOTABLE DEALS

Skyline Ventures Closes Healthcare Fund with $150 Million  mail 
PALO ALTO, CALIF. -- Venture firm Skyline Ventures, which makes early-stage healthcare and life sciences investments, announced that it has closed $150 million in committed capital for its new fund, Skyline III, and its affiliated fund, Skyline Expansion Fund. [more..]
http://www.skylineventures.com

Net Messaging Firm IronPort Launches, Partners with Dell  mail 
SAN BRUNO, CALIF. -- IronPort Systems, an Internet messaging technology firm, has launched, with backing from investors including Hotmail founders, Sabeer Bhatia and Jack Smith. The company has also entered into a partnership with Dell Computer. [more..]
http://www.ironport.com

Mahi Loses CEO, Sequoia's Chris Rust is Interim Chief  mail 
PETALUMA, CALIF -- Mahi Netowrks, a developer of an optical transport switch router, said CEO Greg Peters has left the company. Ron Longo, vice president of marketing, sales, and services, said the company has appointed Chris Rust, partner with Sequoia Capital, as an interim CEO as it searches for a permanent replacement. [more..]
http://www.mahinetworks.com

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Chem Tech Firm Ionalytics Spins Out From NRC with $2M Seed  mail 
OTTAWA -- National Research Council Canada (NRC) announced the launch of Ionalytics, a spin-out from the Chemical Metrology Group at NRC's Institute for National Measurements Standards (INMS). With its launch, Ionalytics, a developer of chemical analysis systems for mass spectrometers, also received $2 million in seed funding from Genesys Capital Partners. [more..]

E-Payment Firm Clear2Pay Cashes $1.6 Million First Round   mail 
ZAVENTEM, BELGIUM -- Clear2Pay, a provider of software and services to enable financial institutions to deliver Internet-based payments, said it raised EUR 1.8 million ($1.6 million) in its first round of funding. [more..]
http://www.clear2pay.com

Medical Imaging Firm Inphact Hits On $25M in Fourth Round  mail 
NASHVILLE, TENN. -- Inphact, a provider of Web-based medical imaging services and software, said that it received $25 million in fourth-round convertible debt funding. [more..]
http://www.inphact.com

Oracle ASP Appshop Lands $15 Million in Second Round  mail 
FREMONT, CALIF. -- Appshop, an independent Oracle application service provider, said it received $15 million in its second round of funding. [more..]
http://www.appshop.com


Left Out By The Healthcare Miracle?

Venture capital investment is down, way down, from its
historic heights, but the healthcare sector keeps
attracting money. Need a crash course? This January
Technologic Partners will convene our annual Healthcare
Outlook to help you find out where the money is going
and if you should follow. Biotechnology and
Pharmaceuticals: Discovery, Development and Distribution
is a one day meeting in San Francisco. We've invited 50
early-stage companies to present their plans against a
backdrop of three industry roundtables, three keynote
presentations and an investor's roundtable. This year
our trademark investor roundtable will be preceded by
a special presentation: Healthcare Investing, The Year
in Review, by VentureWire Managing Editor Ken Andersen.
Come see the future of healthcare investing.
Register today for one of the remaining places.

Healthcare Outlook
San Francisco Airport Marriott
January 22, 2002

http://www.healthcareoutlook.com

Optium Names Ex-JDS Chief Kevin Kalkhoven as Chairman   mail 
ORLANDO, FLA. -- Optium, a fiber optics company that provides optical systems manufacturers with the optical subsystems for transmitting and regenerating 10- and 40-Gbps data, said it appointed Kevin Kalkhoven as its new chairman. The company also said it expects to close its Series C round of financing with roughly $25 million by February. [more..]
http://www.optiumcorp.com

SANgate Systems Loses Court Fight, Chairman & CEO Resigns  mail 
SOUTHBOROUGH, MASS. -- SANgate Systems, which develops a platform for networking storage and data management, said its recently appointed chairman and CEO, Doron Kempel, resigned from the company last Tuesday evening after his former employer, data storage firm EMC, successfully argued in the Suffolk County Superior Court of Massachusetts that Mr. Kempel's 12 month non-compete agreement included his position at SANgate Systems. [more..]
http://www.sangate.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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