Spark Capital Gathers $360M Worth of Kindling, 1366 Technologies Nabs $20M, NinePoint Medical Pinpoints $33M, & More Boston-Area Deals News

IT companies dominated this week’s deals news in New England. Here are some highlights.

—Online videogame maker Quick Hit raised $2.5 million in equity financing, according to an SEC filing. The Foxborough, MA-based startup, which has a deal with the National Football League to used official team names, logos, and uniforms for its football role-playing games, previously raised $8 million in a Series B round from Valhalla Partners, TriplePoint Capital, and New Enterprise Associates.

—NinePoint Medical, a Cambridge, MA-based firm out to develop optical devices that allow doctors to inspect potentially cancerous tissues in the body, raised a hefty $33 million Series A round of funding. Boston’s Third Rock Ventures and Palo Alto’s Prospect Venture Partners led the deal.

Where and Peekaboo Mobile, both of Boston, inked a deal aimed at providing location-based coupons to consumers via mobile phones. The agreement, financial terms of which were not disclosed, calls for Peekaboo to use Where’s location-based advertising network to extend its own mobile coupon service to a larger sphere of consumers and local merchants.

Spark Capital revealed that it has raised a new $360 million fund to invest in Web and digital media startups. Companies already in the Boston-based firm’s portfolio include Twitter, Tumblr, and Boxee.

The founder of Cambridge-based e-mail technology startup Baydin picked up a Silicon Valley investor who needed a lift—and wound up picking up a $100,000 seed investment as well. Erin got all the details.

—Burlington, MA-based software maker Memento raised $2 million in a round of debt financing, according to a regulatory filing. Participants in the round were not disclosed, but previous investors in Mememto, which makes software for detecting financial fraud, include .406 Ventures, Bain Capital Ventures, and Rock Maple Ventures.

—Solar technology developer 1366 Technologies of Lexington, MA, raised $20 million in Series B funding from Hanwha Chemical, Ventizz Capital Fund, North Bridge Venture Partners, and Polaris Venture Partners. The round brings 1366’s total raised to $37.6 million.

Author: Rebecca Zacks

Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.