Clovis led Boulder Valley VC parade
Clovis led Boulder Valley VC parade via Boulder County Business Report
BOULDER -
Drug developer Clovis Oncology Inc. in Boulder led nine companies in
the Boulder Valley that received $73.4 million in venture capital
during fourth quarter 2009, according to the MoneyTree Report compiled
by PricewaterhouseCoopers and the National Venture Association.
Clovis received $65.6 million in two separate rounds of $50.5 million
and $15.1 million from Aberdare Ventures, Abingworth Management Ltd.,
Domain Associates LLC, Frazier Healthcare and Technology Ventures, New
Enterprise Associates Inc., ProQuest Investments and Versant Ventures.
The company received $146.3 million in venture capital during the
second quarter of the year. Clovis raised about $212 million in 2009.
The early stage biotech firm is focusing on developing and
commercializing anti-cancer compounds in the U.S., Europe and other
international markets. Clovis was co-founded and is headed by Patrick
Mahaffy.
Mahaffy previously co-founded and ran bioscience firm Pharmion Corp.,
which was sold to Celgene Corp. (Nasdaq: CELG) in March 2008 for $2.9
billion.
For the year, Boulder Valley companies raised $340,511,000.
Statewide, 19 companies raised $171,650,300 during the fourth quarter. Colorado companies raised $514,998,400 for the year.
Other companies in the Boulder Valley raising funds in the fourth
quarter listed by name, city, amount raised, business description and
funders:
EnVysion LLC, Louisville, $2,330,000, computers and peripherals, Columbia Capital LLC, High Country Venture LLC.
SimpleGeo Inc., Boulder, $1,500,000, develops location-based
technology, First Round Capital, individuals, Redpoint Ventures,
undisclosed firm.
Graphic.ly, Boulder, $1,200,200, provides digital content delivery
system and community platform, DFJ Mercury, GC&H Partners,
individuals, North East Finance, undisclosed firm.
SendGrid Inc., Broomfield, $750,000, provides e-mail services, Highway 12 Ventures, SoftTech VC, TechStars, undisclosed firm.
Next Big Sound Inc., Boulder, $585,000, provides online music analytics and analysis, Foundry Group.
Efficas Inc., Boulder, $500,000, develops compounds for health and wellness management, Burrill & Co.
Mandelbrot Project Inc., Boulder, $500,000, provides products and services, Foundry Group.
Everlater Inc., Boulder, $350,000, operates an online platform for sharing travel experiences, Highway 12 Ventures.