VCJ Staff

Trius Therapeutics Files for IPO

Phoenix New Media Raises $25 Million

Romulus Capital Closes Small Seed Fund

Supreme Court To Hear Biz Method Patent Case

LogMeIn Files for Secondary Stock Offering

LogMeIn Inc. (Nasdaq: LOGM), a Woburn, Mass.-based provider of user remote connectivity and support services, has filed to sell three million shares of common stock. The value would be nearly $60 million, based on Wednesday's closing share price of $19.90 per share. LogMeIn itself will sell 100,000 shares, with the remainder being offered by existing shareholders. Company backers include Prism VentureWorks (17.55%), Polaris Venture Partners (13.24%), 3TS Capital Partners (8.98%), Integral Capital Partners (5.05%) and Intel Capital.

Lonza Group Buys AlgoNomics

Lonza Group AG (VTX: LONN) has acquired AlgoNomics NV, a Ghent, Belgium-based provider of immunogenicity screening services and tools. No financial terms were disclosed. AlgoNomics had raised a small amount of VC funding from Baekeland Fund II, Gemma Frisius Fund, TrustCapital, VIB and the Flanders Institute for Biotechnology.

Facet Solutions Buys Archus Orthopedics Assets

Facet Solutions Inc., a Hopkinton, Mass.-based developer of surgical devices for the treatment of degenerative spinal disorders, has acquired the assets of Archus Orthopedics, a Redmond, Wash.-based company that closed its doors three months ago. Facet Solutions has raised over $20 million from firms like De Novo Ventures, FirstMark Capital and Spray Venture Partners. Archus had raised around $64 million from InterWest Partners, J&J Development Corp., Polaris Venture Partners and MPM Capital.

Metabolex Passes $200 Million Mark

Metabolex Inc., a Hayward, Calif.-based drug company focused on diabetes and other metabolic disorders, has raised $8.6 million in fifth-round funding. Return backers include Alta Partners, Venrock, Versant Ventures, Bay City Capital, VantagePoint Venture Partners, Novo Ventures, Pictet, Next Chapter Holdings, Charter Ventures, Merlin Biomed and Birchmere Ventures. The company previously raised around $196 million in total VC funding since 1996, including a 2003 financial restructuring.

TravelHorizon Raises €20 Million

Light Sciences Raises $35 Million Bridge