Early Stage Venture Roundup

Compiled by Alastair Goldfisher

SAN FRANCISCO (Private Equity Week) - Nine U.S.-based startups last week raised early stage funding from venture capitalists, according to Thomson Reuters.

Among the companies to raise cash included MashLogic, which raised $500,000 from Bessemer Venture Partners and individual investors that included About.com founder Scott Kurnit, LinkedIn CEO Reid Hoffman, Wikia CEO Gil Penchina and SoftTech VC co-founder Jeff Clavier. Kurnit will join the company's board.

MashLogic offers an add-on for Internet browsers Firefox and Internet Explorer that allows users see additional content from third-party sites while browsing websites.

Bessemer Venture Partners is incubating the startup and put in most of the original $900,000 in seed money. The company has raised to date and works out of Bessemer's offices in Menlo Park, Calif.

CLEANTECH

Hara Software

Menlo Park, Calif.

www.harasoftware.com <www.harasoftware.com>

Amount/Round: $6M/Series A

Investors: Kleiner Perkins Caufield & Byers

Details: Develops software to help companies reduce their carbon footprint. The funding occurred last year, but was announced last week.

CONSUMER INTERNET

DailyBurn

Huntsville, Ala.

www.dailyburn.com <www.dailyburn.com>

Amount/Round: $525K/Seed Stage

Investors: FF Angel and individual investors, including StumbleUpon's Garrett Camp and author Tim Ferriss

Details: Operates a fitness-oriented social networking site, previously known as Gyminee. FF Angel is the early stage investment arm created by the Founders Fund.

HEALTH CARE

New Day Pharmacy

Nashville, Tenn.

www.newdaypharmacy.net <www.newdaypharmacy.net>

Amount/Round: $10.2M/Series A

Investors: Council Ventures and Clayton Associates.

Details: Develops medication-distribution technology for pharmacies.

RxVantage

Providence, R.I.

www.rxvantage.com <www.rxvantage.com>

Amount/Round: $500K/Seed Stage

Investors: The Slater Technology Fund

Details: Develops medical-related software.

INTERNET

MashLogic

Menlo Park, Calif.

www.mashlogic.com <www.mashlogic.com>

Amount/Round: $500K/Seed Stage

Investors: Bessemer Venture Partners and individual investors Scott Kurnit, Reid Hoffman, Gil Penchina and Jeff Clavier

Details: Develops a hyperlink tool for browsers. Kurnit, founder of About.com, has joined the board. Bessemer Venture Partners had previously invested about $1.4M in seed funding in the company.

INTERNET MARKETING

RingRevenue

Santa Barbara, Calif.

www.ringrevenue.com <www.ringrevenue.com>

Amount/Round: $3.5M/Series A

Investors: GRP Partners, Rincon Venture Partners and Great Pacific Capital

Details: Develops a pay-per-call platform to track.

MED TECH

CardiAQ Valve Technologies

Winchester, Mass.

www.cardiaq.com <www.cardiaq.com>

Amount/Round: $750K/Seed Stage

Investors: Broadview Ventures Inc.

Details: Develops percutaneous mitral valve replacement. The company has now raised $1.5M in funding.

PHARMACEUTICALS

miRagen Therapeutics Inc.

Boulder, Colo.

www.miragentherapeutics.com <www.miragentherapeutics.com>

Amount/Round: $4M/Series A

Investors: Atlas Venture, Boulder Ventures, Amgen Ventures, Broadview Ventures and The Peierls Foundation

Details: Develops treatments for cardiovascular and muscle diseases. The funding brings the Series A round total to $12M.

Versartis Inc.

Redwood City, Calif.

www.versartis.com <www.versartis.com>

Amount/Round: $11M/Series A

Investors: Index Ventures

Details: Develops treatments for metabolic diseases and endocrine disorders. Under terms of the agreement, Index has the option to invest an additional $5M.