The Deal
Wednesday, August 27, 
9:34 pm

by George White
[Posted on December 5, 2007 - 5:34 PM]

Telecom services

 
TuVox
Voice recognition startup TuVox Inc. has raised $20 million in fourth-round funding. The Cupertino, Calif., company develops voice automation software tools for customer call center applications. Leading the funding was new investor Glynn Capital Management of Menlo Park, Calif., alongside insiders Norwest Venture Partners and Foundation Capital, both of Menlo Park, Granite Ventures of San Francisco  and Adobe Ventures of Mountain View, Calif. The new capital brings total funding to more than $47 million since TuVox was founded seven years ago.

Wireless

Buzzwire
Buzzwire Inc., a provider of streaming audio, video and radio to mobile phones, has secured $8 million in Series B venture capital. New investor Sequel Venture Partners of Boulder, Colo., led the financing, joined by existing investors Matrix Partners of Waltham, Mass., and Spark Capital of Boston. 

Software
 
Adapx
Adapx Inc. of Seattle has received $10 million in Series A funding from OVP Venture Partners of Seattle and the Paladin Capital Group of Washington, D.C. The company will use the capital to enhance and market its product suite of field data management tools for the GIS, Geospatial and Forms markets. Adapx makes a digital pen and paper software platform designed to help field workers and business executives capture intelligence from extreme environments and make real-time decisions.

Medical devices

AxoGen
Alachua, Fla., medical device developer AxoGen, Inc. has secured $12.1 million in Series C funding to commercialize its peripheral nerve regeneration technologies. The money comes from Accuitive Medical Ventures of Atlanta, Cardinal Partners and De Novo Ventures, both of Menlo Park, Calif., and Springboard Capital II of Jacksonville, Fla. AxoGen's lead product is the Avance Nerve Graft for peripheral nerve repair. The process decellularizes the graft, clearing cells, cellular debris, axons and chondroitin sulfate proteoglycan so that the resulting nerve graft supports axon regeneration along the repaired nerve.
 
Energy

International Battery
Oakland, N.J.-based International Battery Inc. has secured up to $25 million in financing from Digital Power Capital, an affiliate of Wexford Capital LLC, a Greenwich, Conn., investment adviser that manages a series of affiliated private equity and hedge funds. The funding allows the company to complete its manufacturing facility in Allentown, Pa., and to advance product development. International Battery target markets are the U.S. military, contractors and electric and hybrid electric vehicle manufacturers.


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