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VC watch: Drkoop.com picks up $5 million

Drkoop.com raises $5 million...Deuxo receives $10 million...Kanisa grabs more than $30 million.

CNET News staff
3 min read
Companies have lived through the boom, and some have survived the bust, but which players will be the trendsetters of the future? The following list is the latest news from start-ups here and abroad that have received venture funding. This page is updated daily. Keep checking back for the latest.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at News.com.

Thursday's deals

 Drkoop.com raised $5 million in a private stock placement. The online health-services company issued 500,000 shares of preferred stock at $10 a share. Each share of the preferred stock is convertible into common shares of Drkoop's stock, initially at a 1-to-125 rate.

Wednesday's deals

 Deuxo received a $10 million second round of funding, led by Anschutz Investment. Previous investors Softbank Venture Capital and Sequel Venture Partners contributed to the round. Denver-based Deuxo has raised a total of $20.5 million. The company develops software designed to allow companies to identify and qualify potential sales opportunities that exist within their marketing and sales organizations.

Tuesday's deals

 Kanisa received more than $30 million in its fifth round of funding, led by Meritech Capital Partners. Other investors included Ernst & Young, NIF Ventures, Sierra Ventures and Worldview Technology Partners. Cupertino, Calif.-based Kanisa provides software and services designed to help companies offer their customers online self help in getting their questions answered. The company has raised a total of $75.4 million.

 CaseCentral has raised a $5 million third round of funding, led by previous investor Advanced Technology Ventures. Other investors include Housatonic Partners, Grove Street Advisors, Crescent Venture Investors and Staenberg Venture Partners. San Francisco-based CaseCentral has raised a total of $22 million. The company provides software that allows legal teams from various law firms to collaborate and access and organize information via external online networks.

Monday's deals

 Military Advantage received a $5.5 million third round of funding. Mayfield Fund, U.S. Venture Partners and Primedia Ventures contributed to the latest round. San Francisco-based Military Advantage has raised a total of $31 million. The company's Web site, Military.com, offers information on VA loan services and on joining the armed forces, as well as maintains a job board and scholarship database.

 Portera raised a $16 million fifth round of funding, led by previous investor Van Wagoner Capital Management. Existing investors included Colonial First State Private Equity, Focus Ventures, Institutional Venture Partners, Integral Capital Partners, JPMorgan Partners and Kleiner Perkins Caufield & Byers. Other existing funders included Lightspeed Ventures, Oracle, RRE Ventures, Sands Brothers Venture Capital, Spring Creek Partners and Stanford University. Campbell, Calif.-based Portera develops software for professional services companies. The software is designed to help companies run their business, ranging from automating billing to managing sales leads. The company has raised a total of $120 million.

 United Devices raised $18.2 million in a second round of funding, led by GE Equity and Constellation Ventures. Other investors included AOL Time Warner Ventures, Intel Capital, 550 Digital Media Ventures and previous investors Softbank Venture Capital and Oak Investment Partners. Austin, Texas-based United Devices will add representatives from GE Equity, Constellation Ventures and Oak Investment Partners to its board of directors. United Devices develops software designed to utilize idle computer processing power, storage and bandwidth to give companies more resources in each of these areas.

 Teseda received a $3.65 million first round of funding, led by SmartForest Ventures. Other investors include Ridgewood Capital, Empire Ventures and Synopsys. Portland, Ore.-based Teseda is developing software designed to reduce the cost and increase the speed of testing integrated circuit chips.