It’s probably a good sign for the Boston tech startup community that we have to round up all these decent-sized financings just to keep up with the news. On the other hand, it’s just money raised in pursuit of bigger goals.
—GrabCAD, based in Cambridge, MA, raised $4 million more from existing investors, bringing its funding total to a little over $5 million. GrabCAD is building an online marketplace for connecting engineers with people and organizations that need stuff built. The legendary David Skok of Matrix Partners has joined GrabCAD’s board.
—Cambridge-based Krush has pulled in $4.5 million from undisclosed investors, according to a regulatory filing. The company is trying to own the “product graph” for brand marketing and development, starting with action sports apparel and lifestyle brands.
—Moontoast, based in Boston and Nashville, has raised $6 million from The Martin Companies and other investors. Moontoast is building a social commerce platform; its niche is artists and brands looking to generate sales from their social media followers.
Meanwhile, in the health IT sector, Linkwell Health has raised $8.3 million, and in biofuels, Cambridge-based Novogy has pulled in $4 million, according to reports in Mass High Tech.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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