The Daily Startup: Kleiner Perkins Injects Hixme With $10.5 Million

dailystartup_D_20090806101628.jpgArt by Mike Lucas

Kleiner Perkins Caufield & Byers has led a $10.5 million Series A round in Hixme Inc., a company that aims to shake up the world of employer health insurance plans, according to partner Beth Seidenberg. Hixme is led by Denny Weinberg, a co-founder of WellPoint Inc., a health insurer that merged with insurance giant Anthem Inc. more than a decade ago. “When people learn who is running Hixme, there is going to be a lot of interest,” said Dr. Seidenberg, adding that Mr. Weinberg was in charge of WellPoint’s consumer-facing business and is considered a top architect of preferred provider organization plans, or PPOs.

ALSO IN TODAY’S VENTUREWIRE (subscription required):

Quartet Medicine Inc. has increased its Series A round to $23.25 million to advance a treatment for chronic pain, a common condition that has been a good market for venture lately. Quartet added $6.25 million to a $17 million financing it raised last year. New investor Remeditex Ventures and two, undisclosed investors from Shanghai joined the round.

Inventables Inc., a Chicago startup that makes 3-D carvers and design software, has raised $5 million in Series B funding. The round was led by Greycroft Partners and included Corazon Capital, Draper Associates, Dundee Capital and True Ventures.

Formation8 Partners Hardware Fund I LP has been renamed Eclipse Ventures Fund I LP. The fund still appears to be under the umbrella of San Francisco venture firm Formation 8. Brett Cummings, Formation 8’s chief operating officer and chief financial officer, is named in a regulatory filing by Eclipse. The hardware fund, led by Formation 8 General Partner Lior Susan, has closed with $125 million, according to a person familiar with the situation.

ezCater Inc., an online catering ordering company, has raised $28 million in Series C funding. Insight Venture Partners led the round, which included existing investors. The company said it now has raised $35 million.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit, scroll to the bottom and click “try for free.”)


Pure Storage Set to Price IPO at $17 a Share. Flash-storage company Pure Storage Inc. is set to price its initial public offering at $17 a share, at the midpoint of its expected range, according to people familiar with the deal. At that price, the deal, which would raise $425 million by selling 25 million shares, values the company at $3.1 billion. Pure Storage had planned to offer 25 million shares at $16 to $18 apiece, according to regulatory filings.

TrackR Finds $8.7M for Item Locators. TrackR Inc. has been using its Bluetooth object trackers to help consumers find car keys, wallets and other items for much of the past year. Now the Santa Barbara, Calif.-based startup has found $8.7 million in venture capital to bankroll its first major expansion.

Write to Scott Martin at Follow him on Twitter at @scottysmartin