Google pulled off the veil this week to reveal the portfolio companies in its two-year-old venture fund. Add that to a flurry of startup funding rounds, a stock sale, and an acquisition transaction, and it’s made for a busy deals news week for us in New England.
—Management Health Solutions, a Fairfield, CT, maker of inventory management software for hospitals, completed a $7 million Series B round of funding, led by Enhanced Equity Fund.
—I tracked startup deals in March that rang in under $1 million. There were 16 what we call “under-the-radar” transactions throughout the New England region, the largest number of such deals we had seen so far this year.
—Burlington, MA-based HealthEdge Software, a healthcare payment software provider, raised $1.5 million of a planned $3.5 million round of debt, options, and warrants. This comes after the company raised $3.5 million in equity-based funding in July 2009.
—StreamBase Systems, a Lexington, MA-based provider of data processing software, pulled in $5.5 million in debt, options, and warrants. Accel Partners, Bessemer Venture Partners, Highland Capital Partners, and In-Q-Tel are investors in the company.
—Thinking Screen Media, a company that delivers news, photos, and content to Internet-connected screens, raised $2 million in Series B financing and through the sale of one of its divisions, the company’s CEO told Wade. The Wellesley Hills, MA-based startup is also shifting from delivering content to digital photo frames to focusing on the iPad.
—Cambridge, MA-based Idenix Pharmaceuticals (NASDAQ: [[ticker:IDIX]]), a developer of anti-viral drugs, priced a 6.46-million-share stock offering at $4.35 a share. The deal, for which Thomas Weisel Partners will serve as book-running manager, will bring in
