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RealTime IT News

Notable VC Deals: July 5-9

WESTFORD, Mass.-- Elevator passengers are no longer safe from the Net thanks to $7 million in second-round financing provided to Captivate Network by Advent International, Olympic Venture Partners, ABS Capital Partners and Primus Venture Partners. Captivate which develops information devices to be installed in elevators said it also obtained a $3-million line of credit with the Imperial Bank of California.

PARIS -- French investment syndicate Group Arnault announced two Internet investments: $30 million to Net DVD store Netflix.com of Los Gatos, Calif., and an undisclosed amount to purchase 70 percent of French portal ObjectifNet. Group Arnault controls French luxury goods giant LVMH Moet Hennessy Louis Vuitton and is a private investment group of French businessman headed by Bernard Arnault. The group has stakes in eBay Inc., Cisco Systems Inc. and online grocer Webvan. In June it announced a new multimillion Internet investment fund, called EuropAtweb.

CHICAGO -- Japanese Internet and publishing giant Softbank will invest $91 million in mutual fund watcher Morningstar in exchange for a 20% interest and a board seat for Softbank CFO Yoshitaka Kitao. Softbank subsidiary Softbank Capital Partners also committed $100 million in funding for transaction services company, OptiMark Technologies, which provides a securities matching facility designed to increase the efficiency and lower the cost of trading.

SANTA CLARA, Calif. -- Paul Allen's Vulcan Ventures and Go2Net will invest $20 million in Israel's CommTouch Software, a custom private brand e-mail service provider. Go2Net also gets a seat on the CommTouch board. The deal depends on an successful U.S. IPO by CommTouch which filed an F-1 registration statement with the SEC on May 14.

SAN FRANCISCO -- New Enterprise Associates, Alloy Ventures, Allen & Co. Botts & Co. of the UK. and Crimson Global Internet Fund of Japan have invested $8 million of first-round financing for global language translation company eTranslate.

ATLANTA -- Angel investors Jeff Arnold, CEO of WebMD; Bert Ellis, president and CEO of iXL; and Taylor Glover, Senior VP with Merrill Lynch have invested $10 million in first-round financing for eTour, a site which gathers information on users and connects them to Web sites that match their hobbies and other interests. Arnold and Glover also join eTour's board.

NEW YORK -- Accel Partners has invested $7 million in online data company MoneyLine Network, which serves up financial information to institutional investors.

SAN FRANCISCO -- First Analysis Venture Capital has invested $2.5 million in online temp agency IPEO.

NEW YORK-- National ISP Concentric Network has invested $5 million in Internet domain name registrar register.com.

SARATOGA, Calif.-- Artemis Ventures and Novus Ventures led a group including 14 individual investors in a $3.2-million first-round investment in Clairvoyant Software, which provides predictive software to ISPs designed to help them manage network resources. Among the 14 individual investors are Ed Zander, president and COO of Sun Microsystems. Joining the Clairvoyant board are Kimball S. Atwood, managing director of Artemis Ventures, and Dan Tompkins, managing general partner at Novus Ventures.

DALLAS -- Austin Ventures has made a first-round investment of $7 million in Centerstone Insurance's online employee benefits agency specializing in small group insurance. In June, Centerstone was spun off from Humana which still has a large stake in it. Joseph C. Aragona and Brian Goffman of Austin Ventures joined the board.

REDWOOD SHORES, Calif.-- Sienna Holdings, Allegro Capital T-Ventures, (the venture arm of Deutsche Telekom) Doll Capital Management, Intel, and private investor Phil Quigley, have funded a $10-million second-round for wireless device Web portal @Motion. Dan Skaff, chairman of Sienna Holdings, and Quigley, former Pacific Telesis chairman and CEO joined the board.

SAN MATEO, Calif. -- Prime Asset Management, Net Ventures Innovacom Fund and Techfund Capital Management have made a $10.5 million third-round investment in VoIP provider Multitude.

LOS ANGELES -- Attractor Investment Management has led a $20 million second-round financing for BizRate.com, an online e-tailer rating service. Other investors included: Hambrecht & Quist, Media Technology Ventures and Mission Ventures.

MINNEAPOLIS, Minn. -- CB Health Ventures, New Enterprise Associates, North Bridge Venture Partners, JMI Equity and Trellis Health Ventures have invested $10.5 million in health-care e-commerce company Network Management. Paul Barber, general partner at JMI, and Daniel Cain, general partner of CB Health Ventures, will join Network Management's board.

SHELTON, Conn. -- FDX Corp. and New Meadows Venture Partners LP have made an equity investment in G-Log. (Global Logistics Technologies Inc.), a global transportation management systems provider. The amount was not disclosed. In addition, T. Michael Glenn, FDX, executive vice president market development and corporate communications and Tim Sensenig, the principal of New Meadows, a California-based venture capital firm were added to the board.

DENVER, July 7 -- An investment syndicate including Benchmark Capital, Mitsubishi, Dain Rauscher Wessels, and partners from Goldman Sachs have invested in online luggage e-tailer eBags. The amount wasn't disclosed.


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