Small Deals Add Up: A Roundup of Under-the-Radar Deals in San Diego

8/19/10Follow @bvbigelow

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preferred stock and other securities. The company raised a $23 million Series C round from Telegraph Hill Partners in 2007, according to VentureWire, and Kingsbury Capital Partners previously invested in the company.

Chimeros, a San Diego biotech developing nano-scale cancer therapeutics, raised almost $145,000 of a planned $500,000 in debt. Chimeros raised $444,000 in debt financing in April, and about $611,000 in equity last October. The biotech, which moved to San Diego from Santa Barbara, CA, raised about half of an $8.5 million Series B round in 2008 from investors including Arcturus Capital, Gideon Hixon Fund, New Science Ventures, and Prospect Ventures, according to VentureWire.

Proximetry, a five-year-old San Diego startup that provides wireless network and performance management software, raised $792,042 of a planned $1.08 million round of equity funding. Proximetry’s AirSync technology enables network operators to visualize and optimize their multifrequency, multiprotocol, and multivendor networks.

H2O Audio, the San Diego company that makes waterproof cases for using consumer electronics in surfing, kayaking, and other water sports, raised $773,693 in a combined financing of almost $1.8 million in equity, debt, and options to acquire securities. In March, H2O Audio named Tom Kampfer, a former president and COO at Iomega, as the company’s new CEO. He replaced Kristian Rauhala, who founded the company in 2002.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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