Participated · Series D · Apr 2012

Alder BioPharmaceuticals is a Bothell, Washington-based developer and manufacturer of novel antibody therapeutics targeting cancer, pain, cardiovascular and autoimmune and inflammatory diseases. Its pipeline includes ALD403, an investigational monoclonal antibody that inhibits calcitonin gene-related peptide (CGRP) to prevent migraine attacks, and ALD518, an investigational monoclonal antibody to the pro-inflammatory cytokine IL-6. The company intends to use the Series D funding to advance ALD403 into the clinic this quarter and to support ongoing Phase 2 studies of ALD518 in cancer-related indications. Alder is led by president and CEO Randall Schatzman, Ph.D. The company closed a $38M Series D financing to support these clinical development plans. Alder Biopharmaceuticals develops antibody-based drugs targeting inflammation and autoimmune disease, with a lead candidate ALD518 in clinical trials for rheumatoid arthritis and cancer. The company uses a yeast-based manufacturing platform to produce full-length functioning antibodies at industrial scale, which it says is faster and cheaper than mammalian-cell methods. Alder claims yeast production can shorten development timelines from years to months and avoid expensive patent licenses tied to traditional techniques. That platform is intended to allow evaluation of a wider range of antibody candidates. Financially, the company completed a third funding round that raised $40 million. The articles do not disclose revenue or other operating metrics.

Participated · Equity · Aug 2011

Funambol offers the OneMediaHub white-label personal cloud solution for mobile operators, content providers and other companies. OneMediaHub is deployed by eight tier-1 mobile operators across five continents, addressing an addressable market of more than 1B subscribers. The company says it will use the new funds to accelerate worldwide expansion of its solution. Leadership includes CEO Amit Chawla, President Fabrizio Capobianco and CFO Alberto Onetti. Funambol is based in Foster City, California. Related news notes a prior $5.75M raise on 10/10/2012. Funambol provides a white-label personal cloud solution called OneMediaHub to mobile carriers, telcos, device makers, service providers, portals and system integrators. Customers are already deploying OneMediaHub to millions of their users. The company positions itself against ‘siloed’ services such as Apple’s iCloud, Google Drive and Microsoft SkyDrive by supporting multiple brands and cross-device compatibility, drawing on its open-source roots. Funambol has closed a new $5.75M funding round and secured a working-capital line to accelerate global expansion. Management says the financing will be used to speed customer acquisition and retention with major global mobile providers as demand for cross-device cloud services grows. Previous investors participated in the latest financing, underscoring investor confidence in its white-label personal cloud market opportunity. Funambol builds open-source cloud-sync software to synchronize cross-platform devices (laptops, smartphones, tablets) with heavily used websites and enterprise systems. The company markets itself as “like iCloud for all mobile phones and connected devices.” It began focused solely on mobile-device syncing and later introduced a mobile messaging app in 2008. Customers listed in the article include Alcatel‑Lucent, Rackspace, Sprint and Samsung. The company was named an OnMobile Top 100 winner. Financially, the company recently raised $3 million and previously received a $12.5 million injection from HIG Ventures and Walden International in 2008. Funambol develops open-source mobile messaging and synchronization software, including a carrier edition that scales to millions of users. Its push-email sync lets corporate email reach the roughly 98% of phones without native email capabilities. The software has been downloaded more than two million times, making it a leading open-source mobile offering. The company generates revenue through its carrier edition. Funambol has about 75 employees, with most of its development team located in Italy. With the new financing the company plans to expand in Europe and Asia. Funambol develops open-source mobile application servers. The company's core product is an open-source mobile app server platform. According to a regulatory filing cited by PE Week, it has secured $5.35 million of a planned $10 million Series B. Return backers in the financing include HIG Ventures and Walden Ventures. Funambol is based in Redwood City, California. The article does not disclose revenue, user metrics, or specific future plans.

Led · Series C · Feb 2011

LOC-AID operates a location-enabling mobile transaction platform and says it runs the world’s largest mobile location data gateway, a location aggregation platform for carriers. The platform integrates deep within carriers’ infrastructures and processing systems to help wireless operators such as AT&T, Sprint and Verizon deliver location-aware content faster. LOC-AID does not operate location-based service applications itself and positions itself as an enabler rather than an app provider. The company recently announced it had surpassed 300 million mobile device accesses. LOC-AID has raised $13 million in funding according to an SEC filing and is backed by Intersouth Partners and H.I.G. Ventures. Bain Capital Ventures managing director Jeffrey Glass also serves on the company’s board. The company is led by CEO Robert 'Rip' Gerber, formerly GM, Executive Vice President and Chief Marketing Officer for Nokia/Intellisync.

Participated · Equity · Oct 2010

Nexidia is an Atlanta, GA-based provider of audio search and speech analytics solutions. Its core product enables electronic discovery of audio and video and is used by contact centers, media outlets, law firms, government agencies and major regulatory agencies. The company received over $23M in equity financing to support further development. Management said the capital will be used to further develop and protect original research, core technology and intellectual property. Funds will also be used to increase the company’s operational capacity in the contact center and other markets worldwide. New investors include BlueCross BlueShield Venture Partners, Sandbox Industries and HarbourVest Partners alongside existing backers such as HIG Ventures and Paladin Capital Group.