Polaris Funds 2 MA Companies With 6th Fund

Waltham, MA-based Polaris Venture Partners announced yesterday that it had invested in its first set of companies from its $375 million sixth fund, including two Massachusetts companies. Biff Labs is a Cambridge, MA-based stealthy startup that is focusing on structuring social data. Xtuit, which the Boston Business Journal reported as also located in the Boston area, is working on technology designed to better translate cancer drugs from animal models to human studies. Exact sizes of the individual deals were not disclosed in the Polaris press release.

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.