preferred stock and other securities. The company raised a $23 million Series C round from Telegraph Hill Partners in 2007, according to VentureWire, and Kingsbury Capital Partners previously invested in the company.
—Chimeros, a San Diego biotech developing nano-scale cancer therapeutics, raised almost $145,000 of a planned $500,000 in debt. Chimeros raised $444,000 in debt financing in April, and about $611,000 in equity last October. The biotech, which moved to San Diego from Santa Barbara, CA, raised about half of an $8.5 million Series B round in 2008 from investors including Arcturus Capital, Gideon Hixon Fund, New Science Ventures, and Prospect Ventures, according to VentureWire.
—Proximetry, a five-year-old San Diego startup that provides wireless network and performance management software, raised $792,042 of a planned $1.08 million round of equity funding. Proximetry’s AirSync technology enables network operators to visualize and optimize their multifrequency, multiprotocol, and multivendor networks.
—H2O Audio, the San Diego company that makes waterproof cases for using consumer electronics in surfing, kayaking, and other water sports, raised $773,693 in a combined financing of almost $1.8 million in equity, debt, and options to acquire securities. In March, H2O Audio named Tom Kampfer, a former president and COO at Iomega, as the company’s new CEO. He replaced Kristian Rauhala, who founded the company in 2002.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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