Robotics and communications startup North End Technologies has raised $2.5 million in new funding and converted $1.8 million in preexisting debt to equity, said company CEO Brad Kayton. The new funding came from previous investors Waltham, MA-based Castile Ventures, company executives, and angel investors, and will be used to take the stealthy Nashua, NH-based company’s product to market, Kayton said. An SEC filing posted today indicates that North End has sold $3.3 million in the offering, but Kayton said that between the new funding and the debt conversion the company has actually reached the total round amount of $4.3 million.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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