North Bay Business Journal

TriVascular obtains new $60 million infusion

SANTA ROSA — TriVascular of Santa Rosa, California, announced today the close of $60 million in funding, comprised of a Series C equity financing and growth capital venture debt.

Enphase raises another $63 million

PETALUMA — Solar microinverter systems maker Enphase Energy closed another round of venture funding, bringing in $63 million from new and former investors.

IBG gets $7 million funding round

NAPA — IBG, formerly Inertia Beverage Group, closed a $7 million round of additional funding to support soon-to-be launched enhancements to its wine direct-shipping services to consumers and trade accounts.

Palm Drive completes $11 milliion bond sale

SEBASTOPOL – Palm Drive Hospital announced today that is has successfully sold off $11 million in bonds, moving the once financially beleaguered hospital out of bankruptcy three years after it sought Chapter 9 protection from creditors.

Enphase Energy pulls in $40 million

PETALUMA — Enphase Energy, maker of solar microinverter systems, announced today that it closed a round of $40 million in investor funding.

Cyan gets $22 million boost

PETALUMA — Cyan Optics, the Petaluma maker of optical packet systems for telecom carriers, scored a fourth round of equity funding. The company received $22 million according to a regulatory filing.

Sonic Solutions to sell $27 million in stock

NOVATO — Media software developer Sonic Solutions Inc. (Nasdaq: SNIC) today said it expects to raise $27.5 million from an offering of 3 million shares of common stock.

Inertia lands $14 million in additional funding

NAPA — Wine direct-to-consumer and direct-to-trade conduit Inertia Beverage Group today said it obtained $14 million in capital from existing and new investors, named a new chairman of the board and expanded its customer base by 40 to 350 in the past three months.

Sonoma Mountain Business Cluster gets $20,000 grant

ROHNERT PARK — The Sonoma Mountain Business Cluster has received a $20,000 gift from The Wachovia Wells Fargo Foundation.

Calix files for IPO to raise $100 million

PETALUMA — Telecom equipment maker Calix plans to sell up to $100 million in stock in an initial public offering in 2010.

TriVascular gets $30 million Series B

SANTA ROSA –TriVascular Inc. announced today it has raised $30 million in a Series B offering. The funds will take the maker of abdominal and thoracic stent graft systems into clinical testing.

The Series B financing is a continuation of Series A funding of $65 million in 2008 from investors New Enterprise Associates, Delphi Ventures, MPM Capital and Kearny Venture Partners.

Pax Streamline wins $3 million federal grant

NOVATO — Pax Streamline, the industrial product development firm that is a part of Pax Scientific, was awarded $3 million under the Advanced Research Projects Agency-Energy program, Congresswoman Lynn Woolsey announced today.
Pax Streamline, which develops heating and air conditioning and wind turbine products using processes copied from nature, will use the money to help develop “blown wing” technology for turbines, allowing them to be dynamically adjusted to maximize power under a wide rage of wind conditions.

Novato’s SPG Holdings secures $13 million in equity financing

NOVATO – SPG Holdings LLC, holding company of SPG Solar Inc., announced the closing of a $13 million equity financing though the Global Environment Fund and Robeco.

The funds will be used to support growth nationally and internationally.

Raydiance gets $20 million in Series D

PETALUMA, Nov. 19, 2008 — [UPDATED 12:05 p.m.] Raydiance, maker of compact, ultrashort pulse lasers, received $20 million in Series D funding, it was announced today.

Napa Valley company banks on high-end vodka

NAPA — Napa Valley has spawned new buzz among lovers of alcoholic beverages, but it has nothing to do with grapes.