Vulcan Backs Bizo, EndoGastric Closes Financing, Datacastle Raises $3M, & More Seattle-Area Deals News

12/2/09Follow @gthuang

It was a pretty quiet week for deals in the Northwest, what with the Thanksgiving holiday. But there was some activity in the software, Internet, and medical device sectors.

—Paul Allen’s Vulcan Capital participated in a $6 million equity funding round for San Francisco-based Bizo, an online ad network and audience targeting platform. Bessemer Venture Partners led the round, and Venrock and Ascent also participated. Bizo spun out of ZoomInfo last year, and is one of seven finalists in the 2009 Amazon Web Services Start-Up Challenge; the winner will be announced on December 9.

—Bellevue, WA-based Ignition Partners participated in a $1.1 million equity financing for French photo encyclopedia startup Fotonauts, as Ryan reported. Banexi Ventures Partners and Fotonauts co-founder and former Apple executive Jean-Marie Hullot also invested in the round.

—Seattle-based EVO Media, the creator of DevHub, a Web publishing platform, raised $1.5 million in equity financing from angel investors including Jeff Schrock, Geoff Entress, John Cunningham, Alex Algard, and Richard Wolpert, as well as an undisclosed private equity group. EVO Media, which has been profitable since last summer, will use the money to work with larger publishers, support new partnerships, and do more marketing.

Datacastle, the Seattle-based data backup and recovery software company, raised a $3 million funding round led by Australian venture firm CM Capital Investments, an existing investor. Datacastle was founded in 2005 and raised a $5.3 million Series A round, also led by CM Capital, last year.

EndoGastric Solutions, a Redwood City, CA-based medical device company with operations in Redmond, WA, said it closed on a $21.5 million Series E round of financing. The company makes minimally-invasive surgical devices for chronic heartburn and other gastrointestinal diseases. EndoGastric previously raised around $82 million, from firms like Advanced Technology Ventures, Chicago Growth Partners, DeNovo Ventures, Foundation Medical Partners, MPM Capital, and Oakwood Medical Investors, according to PE Hub.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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