Boston-Power Expands Series E Round, Storwize Scooped Up By IBM, PerkinElmer Acquires VisEn, & More Boston-Area Deals News

$114.9 million as of January 1 of this year.

—Avedro, a startup developing technology for using thermal energy to correct vision, raised $4.6 million of a planned $5 million round of equity-, debt-, and options-based funding. The bridge financing comes from Waltham, MA-based Avedro’s existing investors: Borealis Ventures, De Novo Ventures, Echelon Ventures, Flagship Ventures, and Prism Venture Partners.

—Boston-Power, the Westborough, MA-based maker of advanced lithium-ion batteries, added another $6.4 million to its $60 million Series E round of funding. The initial $60 million growth equity round, led by Foundation Asset Management and Oak Investment Partners, was the Bay State’s biggest startup deal in June, when venture equity investing totaled $307 million.

—Bedford, MA-based health management software maker Casenet pulled in $2 million in debt- and rights-based funding. It raised a $5 million debt financing last May, and a $7.5 million Series B funding in 2007, led by HLM Venture Partners.

PerkinElmer, a Waltham-based maker of research and diagnostics technologies, acquired Bedford-based VisEn Medical for an undisclosed sum. Flagship Ventures and Merck Capital Ventures are among the venture backers for VisEn, which makes in vivo fluorescence imaging products.

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.