Boston Roundup: PerkStreet, Extreme Reach, DraftKings, Aquaback

[Updated 9:55 am with last item] A startup shutdown, an ad-tech merger, and some fundraising news to catch up on around the Boston area:

—PerkStreet Financial, a banking startup that gave customers cash back and shopping discounts for using debit cards, is shutting down. In a message posted on the company’s website, PerkStreet says it wasn’t able to raise another round of investment to keep the company going. PerkStreet had raised about $15 million total, the last of it in a $9 million round in mid-2011. The company writes that it had given out more than $4 million “in perks.”

—Extreme Reach, a Needham, MA-based company that provides online video ad distribution systems, is spending $485 million to acquire the traditional TV advertising unit of a company called Digital Generation. The deal will be paid for with cash, debt, and a new equity investment of up to $47 million from Spectrum Equity, which invested about $50 million in Extreme Reach earlier this year.

—Just as football season approaches, Boston-based DraftKings has added another $3 million in venture backing. The investment, led by Atlas Venture, adds to the $7 million Series A round the startup announced back in May. DraftKings runs online fantasy sports contests, giving out cash prizes where allowed.

—Aquaback Technologies, a Tewksbury, MA-based clean-water startup, has raised nearly $3.7 million in equity financing, according to an SEC filing. The company is developing a water purification device that it says will waste very little, making it more energy efficient. Aquaback’s website says the device will be available next year.

—VeliQ, a mobile device management software startup, has raised $9 million in Series B funding led by Northcap. The Dutch company opened its U.S. office in Boston in April.

Author: Curt Woodward

Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft. Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem. A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.