angel investors Chris Stafford and Joe Dello Russo, MassVentures, Warm Springs Venture Investments, and a number of small business owners, Vsnap CEO Dave McLaughlin reports.
—Paydiant pulled in $12 million in Series B financing from new investor Stage 1 Ventures, along with previous investors North Bridge Venture Partners and General Catalyst Partners. The Wellesley, MA-based developer of mobile payment tech has raised a total of about $20 million.
—West Bridgewater, MA-based medical device company Cardiosolutions nabbed an $8 million investment from the Sorin Group, which also has an option to acquire the company in the future. The money will go to product development and clinical testing.
—Boston-based Pingup, which develops technology enabling businesses to text-message customers, said it closed a $1 million seed financing from Avalon Ventures.
—And in non-startup-financing news, Kayak indicated it intends to price the shares in its 3.5-million-share initial public offering somewhere between $22 and $25 apiece.
—In some more late-breaking financing news, Portland, ME-based CashStar announced Wednesday that it raised $5 million for growth and mobile development of its digital gifting platform. The money came from Intel Capital, and existing investors Passport Ventures, FTV Capital, and CashStart chairman Steven Boal, also the president and CEO of Coupons.com.
—And not to be outdone, Cambridge-based Kinvey (mobile backends—seriously) and Backupify (data backup) announced rounds Wednesday, followed by Somerville, MA-based music tech startup The Echo Nest on Thursday. [Paragraphs added to include new funding news.]
