VCJ Staff

TransMedics Cancels IPO

Worksoft Raises Fifth Round

Worksoft Inc., a Dallas-based provider of solutions for accelerating deployment of SAP applications, has raised an undisclosed amount of fifth-round funding from return backers Austin Ventures and Crescendo Ventures. The company had previously raised around $25 million.

ARCH Venture Partners Promotes Pair

ARCH Venture Partners has promoted Kristina Burow and Paul Thurk to the position of partner. Burow joined the firm’s San Francisco office in 2002, and is a co-founder and director of Sapphire Energy. Thurk joined the firm’s Austin, Texas office in 2000, and co-founded Innovalight.

Pendo Systems Raises First Round

Pendo Systems Inc., a Newark, N.J.-based provider of accounting software for global financial institutions, has raised $1.02 million from Chess Ventures, according to a regulatory filing. The deal includes the conversion of existing convertible notes. www.pendosystems.com

Konarka Raises $45 Million

Konarka Technologies Inc., a Lowell, Mass.-based developer of flexible solar energy technology called “Power Plastic,” has raised $45 million in strategic funding from Total Gas & Power. The deal is part of a larger R&D partnership agreement, and values Konarka just shy of $225 million. Konarka previously raised around $100 million from firms like 3i Group, Ardesta, Angeleno Group, Chevron Technology Ventures, Draper Fisher Jurvetson, Good Energies, Massachusetts Green Energy Fund, NGEN Partners, New Enterprise Associates, Presidio STX, Siemens Venture Capital and Vanguard Ventures.

Matrix Backs Qualtre

Seventh Sense Raises First Round

DotBlu Raises $2 Million

RoundBox Confirms $20 Million Round

RoundBox Inc., a Florham Park, N.J.-based provider of mobile broadcast software, announced that it has raised $20 million in Series C funding. peHUB first reported the round in June, based on a regulatory filing. Montagu Newhall Associates led the deal, and was joined by ITOCHU Techno-Solutions Corporation and return backers Core Capital Partners, Polaris Venture Partners and RRE Ventures.

SensorTran Raises $3.5 Million