Dicerna, Actifio Headline Top 10 Third Quarter VC Deals in Massachusetts

[Corrected, 9:50 am. See below] The third quarter of 2010 has been in the books for a couple weeks. Time to look back at the top 10 venture capital financings for Boston-area companies from the past three months (July-September). The roundup comes courtesy of the MoneyTree Report, which is prepared each quarter by PricewaterhouseCoopers and the National Venture Capital Association, using data from Thomson Reuters. My colleague Bruce Bigelow wrote up the national quarterly stats, which showed a “new reality” for VC, here.

As usual, biotech and life sciences deals dominated the top-dollar deals in Massachusetts, with Dicerna Pharmaceuticals, Euthymics Bioscience, and Metamark Genetics leading the way with $20 million-plus venture financings. There were a couple of notable tech financings too: data management startup Actifio raising $20 million in separate rounds, and group-buying site BuyWithMe closing $16 million in venture capital to expand its operations. And in cleantech, A123Systems’ energy-storage spinout 24M Technologies made a splash with a $10 million financing round.

Here’s the list of top 10 venture financings for Boston-area companies in the third quarter of 2010 (actually 11 companies because of a three-way tie for ninth place):

Dicerna Pharmaceuticals $24.8M
Euthymics Bioscience $24M
Metamark Genetics $22.1M
Actifio $20M
Rhythm Pharmaceuticals $19M
Good Start Genetics $18M
BuyWithMe $16M
Second Rotation $12M
Anchor Therapeutics $10M
Taligen Therapeutics $10M
24M Technologies $10M

[An earlier version of this story listed Good Start Genetics as closing $15 million during Q3, according to the MoneyTree report. A Good Start representative wrote in to say the company raised its full $18 million Series A in September—Eds.]

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.