VentureWire Alert, Wednesday, November 21, 2001 ,
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&nbsp;<font face="verdana, verdana, arial, geneva, helvetica" size=1 color="white"><b>For Jeffrey Dasovich, Enron</b></font>
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<b>VENTURE <br>MARKET <br>SUMMARY </b></font>
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<b>
Note to Readers: VentureWire newsletters will not be published
			on Thursday and Friday in observance of Thanksgiving. The next
			issue will be Monday, November 26.
			</b>
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<table border="0" width="90%" cellspacing=0 cellpadding=0><tr><td><font face="verdana, arial, geneva, helvetica" size="2">As offices across the nation began to clear out for the Thanksgiving holiday, nine startups reported raising $58 million. The Brits may not be celebrating with turkey this week, but Netusability, a London-based provider of customer experience management technology and services, raised $4 million in its Series A round of funding, VentureWire learned. Past lead investor, eVerger, also led this round and was the sole investor. <br><br>VentureWire also reported that private equity firm Murphy & Partners is in the process of raising a third fund targeted for $125 million. The fund will invest in companies involved in the healthcare services, media, communications, and education sectors. If the luck of the Irish holds true, Murphy expects to have a first close
by the end of first quarter or the beginning of second quarter 2002.<br><br>Optovation also had a reason to give thanks. The developer of advanced fiber optical modules said it raised $20 million in its Series B round of financing co-led by new investors, Altamira Investment Services and Newbury Ventures. Other participants included New Enterprise Associates, Redwood Ventures, Desjardins Venture Capital Group, and BMO Nesbitt Burns Equity Partners.</font></td></tr></table>
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<b>
<font face="verdana, verdana, arial, geneva, helvetica" SIZE=2 color="black">
The complete text of the stories below, as well as 13
			additional venture-capital and private-company stories,
			are available today exclusively to subscribers to our
			new, premium service, VentureWire Professional. <a href="http://professional.venturewire.com/m2_professional.asp">Find
			out more.</a>
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<font face="verdana, arial, geneva, helvetica" size="2"><b>Healthcare Outlook</b></font>
<br><font face="verdana, arial, geneva, helvetica" size="1">
San Francisco Airport Marriott<br>January 22, 2002<br><br></font>

<a href="http://www.healthcareoutlook.com/">
<img border="0" height="110" width="82" align=left
src="http://venturewire.com/ads/110x82ads/Friedman.jpg"
alt="Healthcare Outlook"></a><font face="verdana, arial, geneva, helvetica" size="1"><b>Dr. Michael Friedman</b><br>SVP, Research & Development,<br>Pharmacia Corp.<br><br clear="all">
<br>
If it&#39;s an expert viewpoint from both sides of the
regulatory divide you&#39;re looking for, Michael Friedman&#39;s
superbly qualified to ask.  A former acting commissioner
of the FDA, and currently head of research at Pharmacia,
he understands both the drug regulatory process and the
pharmaceutical research and development process
intimately.  He bridges all the key areas on what it
takes to get a drug through development and approval.
On October 30th, it was announced that he will spearhead
the Pharmaceutical Research and Manufacturers of America&#39;s
(PhRMA) initiative to protect public health as PhRMA&#39;s
Chief Medical Officer for Biomedical preparedness. <a href="https://secure.technologicpartners.com/hcoregister.asp"> Register your place today to hear his address at
Healthcare Outlook </a></font>

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<br clear=all><table cellpadding=4 BGCOLOR="#FFFFBB"><tr><td><font face="courier" SIZE=2 color="black">Where to Find Follow-On Financing Now:
<br>
<br>A VentureWire Special Report
<br>
<br>Sure, venture money is harder to come by than ever,
<br>but not  impossible. In a Venture Wire Special Report
<br>you can order  today, we&#39;ll detail the investors who
<br>have the capital, time,  and willingness to fund
<br>expansion rounds. You might be  surprised: It&#39;s not
<br>the usual suspects. Hundreds of young  companies are
<br>being funded every week -- not just seed rounds but
<br>Series B, C, and even later -- and the VentureWire
<br>Special report lists the seasoned investors who are
<br>doing such deals  outside their own portfolios.
<br>These days, executive time is  more precious than
<br>ever; so don&#39;t waste it looking for money from VCs
<br>who are fully invested, or engulfed with  triage on
<br>ailingn portfolios. Pitch the firms with plenty of
<br>capital and a demonstrated recent willingness to
<br>invest  to help startups survive the downturn, and
<br>thrive in the  upturn. Order your VentureWire Special
<br>Report now, and you&#39;ll  get our real-time analysis of
<br>today&#39;s money-raising environment,  as well as the
<br>list of key contacts inside the VC firms that  are
<br>the most active investors. The research, based on up-
<br>to-the-minute reporting from VentureWire, will be
<br>published next month. Reserve your copy today for the
<br>discounted, pre-publication price of $365. (Price on
<br>publication $495.) Send e-mail to
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<br>information and an order form.<br>
<a target=" _new" href="http://venturewire.com/ads/ad.asp?id=1591"></a></font></td></tr></table>
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<font face="verdana, verdana, arial, geneva, helvetica" SIZE=2 color="black"><b>NOTABLE DEALS</b></font><br><br>
<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwMJHINNOIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Murphy & Partners Raising New $125 Million PE Fund</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=MJHINNOIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">NEW YORK -- Private equity firm Murphy & Partners is in the process of raising a third fund, targeted to close at $125 million, VentureWire has learned.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.murphy-partners.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.murphy-partners.com</font></a>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwNQQJKHOIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Customer Management Firm Netusability Raises $4M Series A </font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=NQQJKHOIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">SAN FRANCISCO -- Netusability, a London-based provider of customer experience management technology and services, raised $4 million in its Series A round of funding, VentureWire has learned.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.netusability.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.netusability.com</font></a>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwIJKJLJOIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Optical Module Firm Optovation Raises $20M Series B Round</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=IJKJLJOIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">OTTAWA -- Optovation, which develops advanced fiber optical modules, said it raised $20 million in its Series B round of financing.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.optovation.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.optovation.com</font></a>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwLNLPNMPIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Accenture Spin-out Indeliq Reduces Staff</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=LNLPNMPIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">CHICAGO -- Indeliq, which provides simulation-based e-learning applications to enterprises, has reduced its staff through an unspecified number of layoffs, according to director of corporate communications, Terrie Stengel.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.indeliq.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.indeliq.com</font></a>
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&nbsp;<a href="http://alert.venturewire.com/adv.asp"><u>advertise</u></a><br>
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<a href="http://venturewire.com/index.asp"><font face="verdana, verdana, arial, geneva, helvetica" SIZE=2 color="black"><b>VENTUREWIRE INDEX</b></font></a>
<a href="http://venturewire.com/index.asp"><img alt='VentureWire Index' border='0' src="http://208.185.40.7/charts/images/newsAVWIX.jpg"></a><br>
<font face="verdana, arial, geneva, helvetica" size="1" color="gray">453.9 &nbsp; -0.22%</font>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwIHJHLQOIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Game Developer Nevrax Scores $6.2M in Additional Funding</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=IHJHLQOIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">PARIS -- Nevrax, which develops multiplayer, online role playing games, said it raised EUR 7 million ($6.2 million) in the second stage of its first financing round.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.nevrax.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.nevrax.com</font></a>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwHHIPHOPIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Get2Chip Gets $11.5 Million in Series C Funds</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=HHIPHOPIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">SAN JOSE, CALIF. -- Get2Chip, an electronic design automation tools for system-on-a-chip synthesis, said it has raised $11.5 million in Series C funding, the second round of institutional financing for the firm. The round will close in a month.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.get2chip.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.get2chip.com</font></a>
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<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwIJQOOOPIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">Ponte Communications Raises $7 Million Series C</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=IJQOOOPIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">MOUNTAIN VIEW, CALIF. -- Ponte Communications, a provider of software that enables companies and managed service providers to control network security policy across all devices, has raised $7 million in Series C financing, according to Charles Chi, general partner at Greylock, an investor in the company.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.ponte.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.ponte.com</font></a>
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<br clear=all><table cellpadding=4 BGCOLOR="#FFFFBB"><tr><td><font face="courier" SIZE=2 color="black">Healthcare Venture Capital Investing,
<br>The Year In Review
<br>
<br>What really happened to Healthcare investing in 2001?
<br>Did the biotech miracle last?  Did select e-health areas
<br>take off?  Which ones finally died?  Where is the money
<br>going and what are the trends for 2002? Healthcare is hot,
<br>but selectively, and we know where and why.  This year,
<br>Healthcare Outlook will feature a special presentation by
<br>Ken  Andersen, Editor of VentureWire.
<br>Ken will unveil the latest numbers across the healthcare
<br>industry broken down by sector.   You can wait until
<br>late February and hear it with the rest of the world or get
<br>the numbers first at Healthcare Outlook.  Save your spot,
<br>register today.
<br>
<br>Healthcare Outlook, January 22, 2002
<br>San Francisco Airport Marriott, Burlingame, Calif.<br><br><a target=" _new" href="http://venturewire.com/ads/ad.asp?id=1590">http://www.healthcareoutlook.com</a></font></td></tr></table><br>
<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwMJJOMHQIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">ReturnBuy Cuts Warehouse and IT Development Staff</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=MJJOMHQIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">ASHBURN, VA. -- ReturnBuy.com, a provider of Web-based technology to process the reselling of returned and excess inventory, said it has laid off an undisclosed number of its warehouse and IT development staff to re-focus on its marketing and supply team.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.returnbuy.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.returnbuy.com</font></a>
</td></tr></table><br>

<table border="0" width="80%" cellspacing=0 cellpadding=0><tr><td><a name="vwLHNQLIPIJI"><b><font face="verdana, arial, geneva, helvetica" size="2">MTS Health Makes $110 Million First Close on New Fund</font></b></a></td><td align="right">&nbsp;&nbsp;<a href="http://alert.venturewire.com/o_mailer.asp?sid=LHNQLIPIJI" target=NEW><img src="http://alert.venturewire.com/images/mail2.gif" border="0" height="10" width="15" alt="mail"></a>&nbsp; </td></tr>
<tr><td colspan=2><font face="verdana, arial, geneva, helvetica" size="2">NEW YORK -- MTS Health Partners, a private merchant bank providing equity capital and strategic advisory services to companies in the healthcare industry, said it made a $110 million first close on a new private equity fund. The firm also said Andrew M. Paul, former senior partner at Welsh Carson Anderson & Stowe, has been named chairman of the firm.
 </font> [<a href="http://professional.venturewire.com/prostory.asp">more..</a>]<br>
<a href="http://www.mtspartners.com" target="_new"><font face="verdana, arial, geneva, helvetica" size="2">http://www.mtspartners.com</font></a>
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<br clear=all><table cellpadding=4 BGCOLOR="#FFFFBB"><tr><td><font face="courier" SIZE=2 color="black">GET YOUR MIND AROUND IT
<br>
<br>As a VentureWire reader, you know how many startups
<br>are funded every day and how difficult it is to spot
<br>the patterns in what&#39;s happening. ComputerLetter can
<br>help. Written by analysts who have been following the
<br>world of high technology for decades, ComputerLetter
<br>is a lucid, literate guide to the trends behind
<br>the latest technology.
<br>
<br>For the must read that&#39;s also a good read, visit:<br>
<a target=" _new" href="http://venturewire.com/ads/ad.asp?id=1592">http://www.technologicpartners.com/tp/cl/default.html</a></font></td></tr></table>
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jdasovic@enron.com