Sanofi-Aventis Backs Mass Life Sciences Center, Redline Raises $7.45M, Swipely Launches with $7.5M, & More Boston-Area Deals News

five investors, and $730,249 of the round will go to repurchasing 55,280 shares of common stock held by company president Mark Skalabrin, according to the filing.

—Acton, MA-based optical switch maker Mintera nabbed a $1.65 million offering of equity and debt. Court Square Ventures, JDSU, Polaris Venture Partners, Portview Communications Partners, RRE Ventures, and Star Ventures have previously backed the company.

—Swipely, a Providence, RI-based company whose site allows consumers to share information on their purchases with their social networks, said it raised $7.5 million in Series A funding and launched an invite-only beta version of the site. The company, whose service imports information on users’ credit- and debit-card purchases for friends to comment on, has raised a total of $8.5 million. The newest money comes from Index Ventures, Greylock Partners, First Round Capital, and a group of angel investors.

—Localytics, a Cambridge maker of software that helps mobile app developers track customer usage, announced it had raised $700,000 in its first round of funding, led by Launchpad Ventures and New York Angels.

—Cambridge’s Wiggio, another company like DormNoise working on collaboration groupware for college students, raised $1.95 million in equity-based funding. The filing for the financing listed partners from New Atlantic Ventures as members of the board of directors.


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.