a move to the Boston area) closed a $12 million Series A round of venture capital from Boston-based Oxford Bioscience Partners and Safeguard Scientifics.
—Newton, MA-based PeerApp raised $8 million in a Series B financing round from repeat investors Pilot House Ventures, Cedar Fund, and Evergreen Venture Partners. The funds will help PeerApp expand sales and marketing operations of its caching servers, which are designed to help Internet service providers speed delivery of peer-to-peer video and music files.
—Natick, MA-based Boston Scientific (NYSE:[[ticker:BSX]]) led a $11 million to $13.5 million equity round for Cleveland-based Intelect Medical, which is developing an implantable neuromodulation system for rehabilitation after stroke and brain trauma; under the terms of the deal Boston Scientific gets co-exclusive rights to software related to the technology.
—Flybridge Capital Partners of Boston led an $8.25 million Series B financing round for Santa Monica, CA-based mobile video firm Transpera. Labrador Ventures, Intel Capital, and First Round Capital also joined the round.
— Boston’s .406 Ventures led a $12 million second round of financing for Digitalsmiths, a video analytics and search startup in Research Triangle Park, NC. Previous investors The Aurora Funds and Chrysalis Ventures also participated.
—DigitalArbor, a Cohasset, MA-based digital advertising, marketing, and communications firm with an “offshoring” facility in Costa Rica, raised $5 million in a Series A venture round from Boston’s Flybridge Capital Partners.
—Cambridge, MA-based ZafGen, a developer of drugs that combat obesity by shutting of the blood supply to fat cells, reportedly raised $14 million in a Series B financing from Third Rock Ventures and Atlas Venture.
