VentureWire Alert <http://alert.venturewire.com> 	 For Jeffrey Dasovich, Enron 	


VENTURE 
MARKET 
SUMMARY 

	Is it 1999? If you looked at Tuesday's fundings you might think so as 25 companies pulled in almost $300 million. Cogent Communications, a high-speed ISP, raised $62 million in a Series C and also landed an additional $99 million credit facility. The majority of the company's previous investors participated in the equity round including Broadview Capital Partners, Jerusalem Venture Partners, and Oak Investment Partners. 

It was also a big day for CENiX, a designer and manufacturer of high-speed optoelectronic interfaces, which raised $52 million in a combination of second round equity and debt financing. The company raised $34 in equity from previous investors including Kleiner Perkins Caufield & Byers, Dongah Elecomm, and Cisco.

Another startup that came in with a big early-round was Avaki, which raised $10 million in the second tranche of its Series A, capping the round at $16 million. The developer of distributed computing technology for enterprises got first-round funding from Polaris Venture Partners, General Catalyst, and Sofinnova. Post-money valuation was $25 million.

Meanwhile there was a strong showing in private equity as two firms closed over-subscribed funds. Berkshire Partners said it has closed Fund VI with $1.7 billion, about $450 million above its target. And the Riverside Company closed its third fund at $413 million, 65% ahead of its goal. The secret to their success? Both firms will concentrate on buyouts and other private equity deals and avoid venture capital investments. - By John Fuller <mailto:fuller@technologicp.com>	


The complete text of the stories below, as well as 37 additional venture-capital and private-company stories, are available today exclusively to subscribers to our new, premium service, VentureWire Professional. Find out more. <http://professional.venturewire.com/m2_professional.asp> 

EXECUTIVE SUMMIT 
The Fairmont
San Jose, CA
November 6, 2001

Executive Summit <http://events.venturewire.com/summit/>Roger B. McNamee
General Partner
Integral Capital Partners


If not the most widely known technology investor, Roger is undoubtedly the most widely quoted. He has been managing large portfolios of public and private technology companies for more than decade, and his well-turned observations often appear in the national business press as well as on Wall $treet Week with Louis Rukeyser, CNN, CNNfn, and CNBC. At Integral, which currently has assets under management of $1 billion, Roger has led venture investments in a variety of companies, including Agile Software, Brio, Cerent, Extreme Networks, Flextronics, GoTo.com, Healtheon, Homestore.com, Informatica, Inktomi, Intuit, MapInfo, Pivotal, Rambus, Think Systems (now part of i2 Technologies), and Visio. And on November 6th, he'll be sharing his perpsective on what companies are going to get funded and why. Register today for one of the remaining places.  <http://events.venturewire.com/summitEvent.asp>	

 your account <http://alert.venturewire.com/account.asp>
 *  Change your e-mail address
 *  Thoughts, suggestions, commentary
 *  Cancel your account
 *  This newsletter was mailed to you at: jdasovic@ENRON.COM   

 contact
 *  Send news items to: editor@venturewire.com <mailto:editor@venturewire.com>
 *  Send questions, complaints, or service queries to: help@venturewire.com <mailto:help@venturewire.com>
 *  Send advertising inquiries to: advertise@venturewire.com <mailto:advertise@venturewire.com>



Rethink, Rebuild, Rebound

This is the worst downturn ever to hit Silicon Valley,
but it's hardly the first. So VentureWire is convening
a summit conference of CEOs, COOs, CFOs, and others
who've lead venture-backed companies through such times
before. We've chosen them for their years of experience
and for their ability to share it as coaches, mentors,
board members, and friends. Join us for an intense day
of guidance an inspiration from those who've been
through boom and bust and boom again.

Managing in the Downturn:
Survival Strategies for 2002
A VentureWire Executive Summit
Fairmont Hotel, San Jose
November 6, 2001

	http://events.venturewire.com/summit/default.asp <http://venturewire.com/ads/ad.asp?id=1444>
 advertise <http://alert.venturewire.com/adv.asp>
 tell a friend <http://venturewire.gazooba.com/cid1201/tellafriend.html>

VENTUREWIRE INDEX <http://venturewire.com/index.asp> VentureWire Index <http://venturewire.com/index.asp>
496.6   +1.99% 	
NOTABLE DEALS


Berkshire Partners Closes Oversubscribed Fund VI with $1.7B	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QJOLNILMII>  	
BOSTON -- Berkshire Partners, a private equity firm, said it has closed Fund VI with $1.7 billion. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.berkshirepartners.com> 	

Cogent Gets $62M Equity, $99M Debt in Latest Funding	  mail <http://alert.venturewire.com/o_mailer.asp?sid=NQIJMQNMII>  	
WASHINGTON -- Cogent Communications, a high-speed ISP, has raised $62 million in a Series C round of equity funding. Cogent also received an additional $99 million credit facility. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.cogentco.com> 	

Optoelectronic Firm CENiX Raises $52 Million	  mail <http://alert.venturewire.com/o_mailer.asp?sid=ILPPJHLMII>  	
LEHIGH VALLEY, PA. -- CENiX, a designer and automated manufacturer of high-speed optoelectronic interfaces, said it raised $52 million in a combination of second round equity and debt financing. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.cenix.com> 	

Avaki Raises $10 Million More to Cap Series A at $16 Million	  mail <http://alert.venturewire.com/o_mailer.asp?sid=INKPHOLMII>  	
CAMBRIDGE, MASS. -- Avaki, which develops distributed computing technology for enterprises, said it has raised $10 million in the second tranche of its Series A funding, bringing the round to a close with $16 million. The company also announced the launch of its flagship product, Avaki 2.0, software that enables large scale computing by linking heterogenous networks. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.avaki.com> 	



Nanotechnology Firm Nantero Caps Series A at $6 Million	  mail <http://alert.venturewire.com/o_mailer.asp?sid=NMJJIQLMII>  	
WOBURN, MASS. -- Nantero, a developer of nonvolatile random access memory chip using nanotechnology, said it has closed its Series A financing at $6 million. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.nantero.com> 	

FatWire Bulks Up with $10 Million Second Round	  mail <http://alert.venturewire.com/o_mailer.asp?sid=LLLOILKMII>  	
MINEOLA, N.Y. -- FatWire Software, provider of content management software said it closed its second round of funding with $10 million. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.fatwire.com> 	

Global Locate Maps Out $12M Second Round 	  mail <http://alert.venturewire.com/o_mailer.asp?sid=LLILPIMMII>  	
SAN JOSE, CALIF. -- Global Locate, a provider of assisted GPS technology for wireless devices and networks, said it closed its second round with $12 million. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.globallocate.com> 	

Bio Firm TolerRx Gets $17 Million in Series B Round	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QPJLLPLMII>  	
CAMBRIDGE, MASS. -- TolerRx, a biopharmaceutical company specializing in the discovery and development of therapies that induce and maintain immunological tolerance, said it raised $17 million in Series B funding. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.tolerrx.com> 	

New Media Firm Zoom Culture Snags $4.5 Million Series B	  mail <http://alert.venturewire.com/o_mailer.asp?sid=INQJQPKMII>  	
CHAPEL HILL, N.C. -- Zoom Culture, a new media company specializing in digital video production for television and the Web, is expected to announce the closing of $4.5 million in Series B funding. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.zc.tv> 	

Workforce Management Firm IQNavigator Gets $20M Series D	  mail <http://alert.venturewire.com/o_mailer.asp?sid=IJIJMJMMII>  	
DENVER -- IQNavigator, a provider of workforce management software, said it has closed $20 million in Series D financing. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.iqnavigator.com> 	


Healthcare Outlook: Biotechnology  Pharmaceuticals:
development, delivery and distribution

Tremendous competition exists to find the new technology
that will identify new drug targets. Bioinformatics
companies that can bring precision to the R&D process,
but yet, may never be profitable. An expensive and
pitfall ridden drug approval  process.  A complex
business landscape created by the mergers of giant,
multinational pharmaceutical companies and upstart
biotech ventures. In the span of one day Healthcare
Outlook will address these issues and look at the
business plans of 50 private companies that promise
to innovate an industry. Industry executives, leading
academics and venture capitalists will meet to lend
perspective and point out opportunities along the
complicated life cycle of developing a drug.

Register today:

http://www.healthcareoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1445>

Enterprise Software Firm Zaplet Lays Off 28%	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QPJNMIOMII>  	
REDWOOD SHORES, CALIF. -- Zaplet, an enterprise software and services company, said it laid off approximately 40 full-time and contracted employees totaling about 28% of its staff last week. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.zaplet.com> 	

MusicNet Appoints Alan McGlade as First President and CEO	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QNINIIMMII>  	
NEW YORK -- MusicNet, a label distribution platform for streaming and downloading music, said Alan McGlade has joined the company as its first president and CEO. [more.. <http://professional.venturewire.com/prostory.asp>]
<http://www.musicnet.com> 	

Senmed Medical Ventures	  mail <http://alert.venturewire.com/o_mailer.asp?sid=QLHNOLNMII>  	
NEW YORK -- A story on Tuesday reported that Senmed Medical Ventures is preparing to raise a new venture capital fund from outside investors. Senmed later clarified that it is considering such a fund, but a final decision won't be made until next year. [more.. <http://professional.venturewire.com/prostory.asp>]
	



Digital Anything, Networked Everything ...

Even in the economic downturn, high-profile companies
are directing investment and development focus on the
technologies that are fueling the next wireless
revolution.
From traditional industries like semiconductors to new
ones like telematics, the most promising 100 companies
will present during our private equity platform at
Pervasive Computing Outlook.
Atheros, Rioport, and WhereNet are just a few of the
companies to expect. Hear the business plans and pick
the winners that are capitalizing on the rise of
inexpensive intelligence at the edge of the Internet.
Register today.
Pervasive Computing Outlook
December 4 & 5 at the San Francisco Airport Marriott


	http://www.pervasivecomputingoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1446>

To cancel, change, or update your subscription:
<http://alert.venturewire.com/account.asp>