VCJ Staff

ATV Promotes Three

Advanced Technology Ventures has made three promotions: Tom Rogers to partner, Christian Cortis to principal and Andrew Friendly to principal.

Trapeze Buys Newbury Networks

Trapeze Networks, a provider of wireless LAN equipment and network management software, has acquired Newbury Networks, a Boston-based provider of WLAN location systems. No financial terms were disclosed. Trapeze was a VC-backed company acquired earlier this year for $133 million by Belden (NYSE: BDC), while Newbury was a portfolio company of Idealab.

Avrio Ventures Backs Biopharmacopae

Biopharmacopae Design International Inc., a Quebec City-based developer of plant-derived products for the skin care, cosmeceutical, and nutrition industries, has raised an undisclosed amount of Series A funding from Avrio Ventures.

BlueKai Raises $10.5 Million

BlueKai, a Seattle-based online intent data exchange, has raised $10.5 million in Series B funding. Battery Ventures led the round, and was joined by return backer Redpoint Ventures.

Aravo Adds $7 Million

Aravo Solutions Inc., a San Francisco-based provider of supplier management software, has raised $7 million in Series D funding, according to VentureWire. The round was led by a personal investment vehicle of Charles Schwab Sr., and was joined by fellow angels like Stephen Friedman (ex-chairman of Goldman Sachs) and Tony Mayer (ex-CEO of JPMorgan Capital). www.aravo.com

Image Metrics Raises $6.5 Million

Image Metrics, a provider of facial animation solutions for the entertainment industry, has raised $6.5 million in Series B funding led by return backer Saffron Hill Ventures. Image Metrics has offices in both Santa Monica, Calif. and Manchester, England.

Outside.in Raises New Venture Capital

Michigan F-O-F Makes First Commitment

Arboretum Ventures has received a $5 million commitment from its second fund, from the Renaissance Venture Capital Fund, a new venture fund-of-funds focused on the Michigan market. This is Renaissance’s first commitment.

Endoscopic Technologies Raises $11.2 Million

Endoscopic Technologies Inc., a San Ramon, Calif.-based provider of cardiac surgery devices, has held an $11.2 million first close of a planned $20 million round of financing. Saints Capital Everest led the round, and was joined by return backers Telegraph Hill Partners and Waveland Venture Partners.

MDV Backs Coal Gasification Startup

Laurus Energy, a Houston, Texas-based developer of underground coal gasification projects, has raised $9 million in VC funding from Mohr Davidow Ventures. The round closed back in April, but Larus held the announcement until naming a new CEO -- veteran energy executive Rebecca McDonald.