Shareholic Snaps Up Seed Money, Avaxia Inks $2.2M, RapidBuyr Buys BizDeals, & More Boston-Area Deals News

It’s been a quieter deals news week around New England, but Web software and drug developers have been reporting new financings and acquisitions.

—Collabor, a Maynard, MA-based maker of collaboration software for businesses, is working on raising its first outside funding round from a group of area angel investors, according to CEO and founder Sandeep Kaujalgi. The five-year-old startup has nabbed customers like Capital One and Nokia.

—Cambridge, MA-based Shareaholic announced it had taken in $1.9 million in seed funding to expand its team and the publisher network for its plug-in enables consumers to share Internet content with friends. The money came from angel investors Dave McClure, Dharmesh Shah (also an Xconomy investor), David Cancel, Brian Shin, Roy Rodenstein, Nicole Stata, Ed Roberts, Steve Woit (Xconomy founding publisher and board member), Jonathan Kraft, and TJ Mahoney, as well as NextView Ventures and General Catalyst Partners.

Avaxia Biologics of Lexington, MA, raised $2.2 million in Series A funding, led by Cherrystone Angels in Providence, RI, with participation from Boston Harbor Angels and undisclosed individual investors. The startup is developing a cow-derived treatment for diseases such as inflammatory bowel disease.

—RapidBuyr, a Lexington-based daily deals site focuses on discounts for business-to-business products and services, announced it had acquired Los Angeles-based weekly deals site BizDeals.com.

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.