You can read all the books and news stories you want on the U.S. healthcare system, and conclude it’s profoundly messed up. But sometimes there’s nothing so enlightening as first-hand experience. I’ve been thinking about how awful U.S. healthcare is the past couple weeks, based on my latest experience as a patient. It’s made me … Continue reading “What I Learned About Healthcare as a Patient: The Delivery System Has Got to Change”
Category: Boston
AeroSat Receives $811,947 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3fa2547f-c91e-4a94-b7fe-c9a3f36d92aa&Preview=1 Date 8/1/2011 Company Name AeroSat Mailing Address 62 Route 101A Amherst, NH 03031 Company Description AeroSat Corporation develops, produces and distributes mobile wireless communications solutions to increase the flow of information to and from people on the move, whether on land, on sea, or in the air. From its patented core … Continue reading “AeroSat Receives $811,947 New Funding”
Beacon Endoscopic Garners $8,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9ca2df3-54fc-43a6-80de-dea5688bf899&Preview=1 Date 8/1/2011 Company Name Beacon Endoscopic Mailing Address 2000 Commonwealth Avenue 1st Floor Newton, MA 02466 Company Description Beacon Endoscopic (BE) is a Boston based medical device company innovating in existing interventional endoscopic procedures and developing next generation devices to change the paradigm of surgery. Website http://www.beaconendoscopic.com Transaction Type Venture Equity … Continue reading “Beacon Endoscopic Garners $8,000,000 Series B Financing Round”
At 2011’s Midpoint, Three Good Tech Trends and Three Not-So-Good Trends to Watch
Mid-year reports tend to be check-ins or check-ups; and they’re usually not very interesting, analytical, or helpful. The real fireworks often take place at the end of the year, when the 12-month look-back and 12-month look-ahead forecast steals the show—in terms of shedding light, providing perspective, and setting the agenda. Not so in 2011. Here … Continue reading “At 2011’s Midpoint, Three Good Tech Trends and Three Not-So-Good Trends to Watch”
Carbonite Proposes IPO Terms
Boston-based Carbonite, the online data backup firm, said yesterday in a regulatory filing that it expects to offer 6.25 million shares, plus 937,500 additional shares for underwriters (as an option), at $15 to $17 per share in its planned IPO. That bumps its maximum offering price to $122.2 million, up from the $100 million first … Continue reading “Carbonite Proposes IPO Terms”
How I Decide What to Write About-And Why I Might Not Cover Your Company
Dharmesh Shah, the co-founder of HubSpot and the author of the blog OnStartups, shared a post last week that really hit home. It was called “Dear Friend: Sorry: My Heart Says Yes, But My Schedule Says No.” Dharmesh explained that his e-mail inbox is perpetually overloaded with requests from people who want to meet with … Continue reading “How I Decide What to Write About-And Why I Might Not Cover Your Company”
Biogen Gets Euro Approval, BSX Shows Solid Q2, Alkermes Tries Again, & More Boston-Area Life Sciences News
We saw several headlines surrounding clinical development by New England-area drugmakers this week. —Weston, MA-based Biogen Idec (NASDAQ: [[ticker:BIIB]]) said that it nabbed a conditional approval from the European Commission to market a long-acting version of fampridine (Fampyra) to adult patients with multiple sclerosis who have walking disability. The agency has also asked Biogen to … Continue reading “Biogen Gets Euro Approval, BSX Shows Solid Q2, Alkermes Tries Again, & More Boston-Area Life Sciences News”
PathoGenetiX Lands $3,999,996 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aec1a402-4025-48f1-8b67-64e77eeea734&Preview=1 Date 7/29/2011 Company Name PathoGenetiX Mailing Address 12 Gill Street Woburn, MA 01801 Company Description PathoGenetiX has pioneered commercial applications of single molecule DNA, RNA and protein analysis. The company’s innovative technologies address high value unmet needs in bio-security, human diagnostics, and food and drug contaminant monitoring. Addressable segments of these … Continue reading “PathoGenetiX Lands $3,999,996 New Financing”
Crashlytics Secures $800,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1778b25-40a4-4c8e-8560-95b20214df52&Preview=1 Date 7/29/2011 Company Name Crashlytics Mailing Address 719 Boylsto Street Boston, MA 02116 Company Description On its minimal website, Crashlytics states it is developing an amazingly simple way to locate and fix crashes in your apps (and more). Website http://www.beta.crashlytics.com Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Undisclosed Proceeds … Continue reading “Crashlytics Secures $800,000 New Financing”
Vertex Smashes Wall Street Sales Expectations In Hepatitis C Drug Debut
Vertex Pharmaceuticals is off to a running start in the marketplace with its brand new hepatitis C drug. The Cambridge, MA-based company (NASDAQ: [[ticker:VRTX]]) said today that it generated $74.5 million in sales of telaprevir (Incivek) in the quarter that ended June 30. That’s an especially big number as far as new pharmaceutical rollouts go—Wall … Continue reading “Vertex Smashes Wall Street Sales Expectations In Hepatitis C Drug Debut”
National Science Foundation Unveils a Startup School Modeled on Steve Blank’s Lean LaunchPad
Incubator madness has reached all the way to Washington, D.C. The National Science Foundation announced today that with the help of private-sector partners, it plans to put at least $5 million per year into a new program, the Innovation Corps or I-Corps, aimed at helping university scientists and engineers build startups around their technologies. The … Continue reading “National Science Foundation Unveils a Startup School Modeled on Steve Blank’s Lean LaunchPad”
Plexxi Pulls In $20M More for Mysterious Networking Tech
Plexxi, an aggravatingly stealthy networking startup in Nashua, NH, said today it has raised a $20 million Series B equity round led by Lightspeed Venture Partners. Previous investors Matrix Partners and North Bridge Venture Partners also participated in the financing. The company has raised a little over $28 million to date. According to its sparse … Continue reading “Plexxi Pulls In $20M More for Mysterious Networking Tech”
Imprivata Signs On Scottish Healthcare System
Lexington, MA-based Imprivata, a security tech company focused on health IT applications, said today it has landed a multimillion-dollar deal with NHS Scotland to provide secure access technology to that country’s healthcare workers. No further financial details were given in the release, but another report puts the price at 1.8 million pounds (just under U.S. … Continue reading “Imprivata Signs On Scottish Healthcare System”
Boston Scientific Beats Street Expectations, Buys Back Shares, and Eyes China Expansion
Today Natick, MA-based Boston Scientific (NYSE: [[ticker:BSX]]) announced second-quarter sales of $1.975 billion and earnings excluding special items of $0.17 a share, which beat analyst expectations by nearly a dime. Sales of its neuromodulation devices were up 16 percent, and the company reported sales increases in many of its product lines. It also said the … Continue reading “Boston Scientific Beats Street Expectations, Buys Back Shares, and Eyes China Expansion”
RentPrefs, With Matchmaking Approach to Apartment Rentals, Rolls Out Beta Service
Anyone try to rent an apartment lately? (I have.) Anyone annoyed by the process—the repeated posts, the inability to sift based on preferences that actually matter, the difficulty of getting in touch with realtors? (I am.) Cambridge, MA, startup RentPrefs is making its bet that I’m not the only one. The company was founded by … Continue reading “RentPrefs, With Matchmaking Approach to Apartment Rentals, Rolls Out Beta Service”
PowerInbox Sees the Future of Social Software Platforms, and Its Name Is… E-mail
If you’re like most people, you do a lot of your personal communicating via Facebook and text messages, but you handle most of your business matters over e-mail. In fact, you probably spend far too much of your workday on e-mail (some estimates say 30 percent), and you wish you could be more efficient and … Continue reading “PowerInbox Sees the Future of Social Software Platforms, and Its Name Is… E-mail”
Plexxi Receives $20,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=606823b0-3d84-4ccb-bdf5-8cd16f42152a&Preview=1 Date 7/28/2011 Company Name Plexxi Mailing Address 100 Innovative Way Nashua, NH 03062 Company Description The network must evolve. Connecting what you want, where you want, and how you want – without the complexity, rigidity, and fragility of traditional hierarchical networks – is just the beginning of a whole new frontier … Continue reading “Plexxi Receives $20,000,000 Series B Funding”
Harvest Automation Receives $2,500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8fe389c7-bffb-4b51-a9d1-96fce0120f80&Preview=1 Date 7/28/2011 Company Name Harvest Automation Mailing Address 85 Rangeway Rd. Billerica, MA 01862 Company Description Harvest Automation is a material handling robotics company which is focused on a new category of robots we call Cooperative Robots. Website http://www.harvestautomation.com Transaction Type Debt Transaction Amount $2,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Harvest Automation Receives $2,500,000 New Financing Round”
BSX Pumps $150M Into China Presence
Natick, MA-based medical device firm Boston Scientific (NASDAQ: [[ticker:BSX]]) announced today that it will invest $150 million over five years to establish a manufacturing facility in China. Boston Scientific said that it will use the site as a medical device training facility, and that it will also invest in R&D activites in China and increase … Continue reading “BSX Pumps $150M Into China Presence”
Health IT Is the New Black
Once upon a time there was “ehealth.” That time was the late 1990’s and there was a temporary ripple in The Force when anything that combined healthcare and the Internet had a suddenly popularity in the venture capital investment community. Companies like the original WebMD, the original Medscape, Mediconsult.com, DrKoop.com, Medibuy, Adam.com, PlanetRx, and a … Continue reading “Health IT Is the New Black”
Brooks Acquires San Diego’s Nexus Biosystems for $79M
Brooks Automation (NASDAQ: [[ticker:BRKS]]), the biomedical equipment maker in Chelmsford, MA, says today it paid $79 million to acquire Nexus Biosystems, a suburban San Diego provider of compound sample management systems. Based in Poway, CA, about 19 miles north of San Diego, Nexus makes automated equipment for handling chemical and biological samples in a variety … Continue reading “Brooks Acquires San Diego’s Nexus Biosystems for $79M”
Cerulean Shows Progress in Cancer, Tests Nano-Drug Platform in RNAi
[Updated 8/15/11 8:00 am. See below.] In mid-July, Cambridge, MA-based Cerulean Pharma began a new clinical trial of its cancer drug CRLX101, which is a “nanoparticle”—a powerful chemical wrapped in a tiny package that can burrow its way into cancer cells and kill them. Cerulean is one of a handful of companies laboring to apply nanotechnology … Continue reading “Cerulean Shows Progress in Cancer, Tests Nano-Drug Platform in RNAi”
Interactions Gains $12M for Phone-Based Customer Service Tech
Franklin, MA-based Interactions, a speech and customer service technology company, said yesterday it has raised $12 million in new financing led by Sigma Partners. North Hill Ventures, Cross Atlantic Capital Partners, and Updata Partners also participated in the round. The company says it will use the new money to support its growing customer base, expand … Continue reading “Interactions Gains $12M for Phone-Based Customer Service Tech”
Ksplice Bought By Oracle, Q2 Boston Deals Break $1B, General Catalyst Funds Airbnb, & More Boston-Area Deals News
[Corrected 7/27/11, 10:20 am. See below.]Deals news was red-hot in the last week, with reports of $1B+ investment totals from the year’s second quarter and a massive June Massachusetts funding pot. We also caught a fresh stream of headlines on financings and acquisitions. —Lexington, MA-based drug developer Amag Pharmaceuticals (NASDAQ: [[ticker:AMAG]] said it would merge … Continue reading “Ksplice Bought By Oracle, Q2 Boston Deals Break $1B, General Catalyst Funds Airbnb, & More Boston-Area Deals News”
ParElastic Receives $500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0bfaea7b-dfd0-4065-b8a6-3c67a758320e&Preview=1 Date 7/27/2011 Company Name ParElastic Mailing Address 1050 Winter St. Waltham, MA 02451 Company Description ParElastic is an elastic database middle-ware that creates a virtual elastic relational database from a collection of unaffiliated, free-running, industry standard relational databases. Website http://www.parelastic.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds … Continue reading “ParElastic Receives $500,000 New Funding”
Interactions Garners $12,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d749fbe3-1a6a-49c6-b010-3ecb2a303ca3&Preview=1 Date 7/27/2011 Company Name Interactions Mailing Address 31 Hayward Street Franklin, MA 02038 Company Description Interactions, Inc. is a service provider delivering a unique solution to the call center market that decreases support costs while dramatically improving the customer experience. World Class Personal Service at Breakthrough Economics. Website http://web.interactions.net Transaction Type … Continue reading “Interactions Garners $12,000,000 New Funding Round”
TribeHR Obtains $1,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe5f2521-93b3-497e-acea-2e590d45af3c&Preview=1 Date 7/27/2011 Company Name TribeHR Mailing Address 1000 Winter Street Waltham, MA 02451 Company Description TribeHR is an exciting development in the world of human resource management: our innovative features will allow your company to focus more on what you do best and less on things that get in the way … Continue reading “TribeHR Obtains $1,000,000 New Round”
IPO Activity Returns to Pre-Recession Levels in Second Quarter
The economic deep freeze is thawing for IPOs on U.S. exchanges, according to a quarterly report issued today by the Ernst & Young accounting firm. The number of companies in registration for an initial public offering increased to 140 during the three months that ended June 30, according to the latest the “Ernst & Young … Continue reading “IPO Activity Returns to Pre-Recession Levels in Second Quarter”
A123, Joule Forge Ahead in Wind Energy Storage and Biofuels
Busy day for a couple of well-known cleantech companies around Boston. One public company has signed a big deal in China, while the other, an ambitious upstart, is carefully protecting its intellectual property as it heads toward large-scale commercialization. —A123 Systems (NASDAQ: [[ticker:AONE]]), the Waltham, MA-based maker of lithium ion batteries, said today it has … Continue reading “A123, Joule Forge Ahead in Wind Energy Storage and Biofuels”
Chargify Gets Cuban Investment
Chargify, the recurring billing software from the Needham, MA-based Grashopper Group, said yesterday on its blog that it had inked an investment from Mark Cuban, the owner of 2011 NBA champions the Dallas Mavericks. Grasshopper Group formed in 2009 as a spinout of Grasshopper—a developer of virtual phone systems for startups—to create products such as … Continue reading “Chargify Gets Cuban Investment”
Varolii Rolls up $8M to Grow Communications Biz After Surviving the Great Recession
[Updated 11:15 am, see below] Varolii, an 11-year-old software company that handles customer and employee communications for big companies, has served as something of a barometer for the U.S. economy’s troubles over the past few years. After generating double-digit sales growth in the mid-2000s and preparing for an $86 million IPO, Varolii had to back … Continue reading “Varolii Rolls up $8M to Grow Communications Biz After Surviving the Great Recession”
Venture for America Recruiting College Grads for Startup Jobs in Detroit, Providence, and More, Says Founder
New companies struggling to hire fresh talent may find help in the form of a nonprofit organization that debuted last Wednesday in New York. Venture for America says it will match a select group of college grads with early-stage companies, particularly in cities that face employment challenges. “Our main goal is to create U.S. jobs,” … Continue reading “Venture for America Recruiting College Grads for Startup Jobs in Detroit, Providence, and More, Says Founder”
Basho Charges Ahead, With Focus On Enterprise and The Guy Who Wrote the Book (or Theorem) on Databases as Board Member
Earlier this month, Don Rippert made a major career change, going from his gig as chief technology officer of technology consulting firm Accenture to Cambridge, MA-based database software maker Basho Technologies, where he joined as CEO. “I wanted to really focus on the technology, and I thought this would give me a chance to do … Continue reading “Basho Charges Ahead, With Focus On Enterprise and The Guy Who Wrote the Book (or Theorem) on Databases as Board Member”
eegoes Lands $1,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c438f034-9235-405e-a62f-7f4a5bc74076&Preview=1 Date 7/26/2011 Company Name eegoes Mailing Address 60 State Street Boston, MA 02109 Company Description Social network eegoes has created a novel approach to online communities and organisation of social data and media. Website http://www.eegoes.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Series B Proceeds Purposes The company will … Continue reading “eegoes Lands $1,000,000 Series B Financing Round”
Massive $112 Million Venture Round Pumps Up Expectations for Airbnb
Apparently, the world is full of people who own homes or condos but would rather rent them out than actually live in them. And it has an equal number of people (perhaps the same ones) who’d rather bunk in someone else’s home when traveling than stay in a hotel. That’s the basis for the burgeoning … Continue reading “Massive $112 Million Venture Round Pumps Up Expectations for Airbnb”
EnVivo, Backed by Fidelity Biosciences, Tests New Weapon Against Alzheimer’s
When Eli Lilly stopped developing an Alzheimer’s compound a year ago due to side effects and lack of effectiveness, some experts expressed doubt about a similar drug being developed by Watertown, MA-based EnVivo Pharmaceuticals. Those doubts may have intensified last week, when pharmaceutical giant Lilly released more data on the drug, called semagacestat, which is … Continue reading “EnVivo, Backed by Fidelity Biosciences, Tests New Weapon Against Alzheimer’s”
GlassHouse Gets $6M from Citrix, Greenspring
Framingham, MA-based GlassHouse Technologies, which has applied to trade publicly on the Nasdaq market under the symbol “GLAS,” has taken in another $6 million in Series F funding, according to an SEC filing. Citrix Systems (NASDAQ: [[ticker:CTXS]]) of Fort Lauderdale, FL and Santa Clara, CA, provided $5 million of the round, and venture capital firm Greenspring … Continue reading “GlassHouse Gets $6M from Citrix, Greenspring”
CloudBees Closes $10.5M More, Opens Boston Office
Bring on the bees…or is it the B? CloudBees, a software startup setting up headquarters in Boston, said today it has received $10.5 million in Series B financing led by Lightspeed Venture Partners. Previous investor Matrix Partners, which led the startup’s $4 million A round back in November, also participated in the new financing. CloudBees … Continue reading “CloudBees Closes $10.5M More, Opens Boston Office”
Biogen Wins European Approval for MS Drug
Weston, MA-based Biogen Idec (NASDAQ: [[ticker:BIIB]]) announced today that it has received conditional approval from the European Commission to market the long-acting version of fampridine (Fampyra) to adult patients with multiple sclerosis (MS) who have walking disability. The drug was developed and commercialized in the United States by Hawthorne, NY-based Acorda Therapeutics (NASDAQ: [[ticker:ACOR]]). As part … Continue reading “Biogen Wins European Approval for MS Drug”
The Man Behind the Magic
This past week was truly a “magical” one for me. Earvin “Magic” Johnson, the hall of fame basketball star, brilliant entrepreneur, and generous philanthropist joined my venture capital firm, Detroit Venture Partners, as our fourth partner. Spending the day with Earvin reveals something much more than his legendary stats and accomplishments, however. His rarified level … Continue reading “The Man Behind the Magic”
Bay State Startup Funding Bubbles Up to $564.7 Million in June
The summer heat wave has begun. No, I’m not talking about the weather—I’m referencing the $564.7 million that Massachusetts startups raised in 38 equity-based financings in June. Fundraising remained steady across April and May at around $306 million, and then took off last month with a couple of triple-digit-million deals, according to data provided by … Continue reading “Bay State Startup Funding Bubbles Up to $564.7 Million in June”
The CliffsNotes Version of True University—The 2-Day Startup School from True Ventures
After I wrote a long article profiling the unusual culture at True Ventures, the San Francisco-based early stage investing fund known for its investments in startups like Automattic, GigaOm, and KissMetrics, the firm invited me to attend True University, a two-day conference on startup-building tactics at the University of California at Berkeley. (Well, the truth … Continue reading “The CliffsNotes Version of True University—The 2-Day Startup School from True Ventures”
Dow Jones Shows Slight Decline in Venture Deals, Dollars, Since Last Year
More or less correlating the results of two previous venture capital surveys, Dow Jones VentureSource says today that venture investors throughout the United States put $8 billion into 776 deals during the second quarter that ended June 30. In terms of absolute numbers, that’s fairly close to venture data we reported Wednesday from the MoneyTree … Continue reading “Dow Jones Shows Slight Decline in Venture Deals, Dollars, Since Last Year”
Biogen Confirms Cambridge Move, Amag Merges With Allos, ACT Kicks Off Trials, & More Boston-Area Life Sciences News
New England drug developers made headlines this week by kicking off drug trials, relocating offices, and merging. —Xconomy national biotech editor Luke Timmerman profiled Cambridge, MA-based Ensemble Therapeutics, which is working to synthesize a class of mid-sized molecules known as macrocycles that are supposed to combine the best properties of both small-molecule and large-molecule drugs. … Continue reading “Biogen Confirms Cambridge Move, Amag Merges With Allos, ACT Kicks Off Trials, & More Boston-Area Life Sciences News”
Oracle Acquires Ksplice
Redwood Shores, CA-based database giant Oracle (NASDAQ: [[ticker:ORCL]]) said today that it has bought Cambridge, MA-based Ksplice, a maker of technology for updating Linux. The acquisition is designed to strengthen Linux by enabling users to apply security updates, diagnostics patches, and critical bug fixes without rebooting the product, according to Oracle. Ksplice has been a … Continue reading “Oracle Acquires Ksplice”
Athenahealth to Buy Proxsys for Up to $36M to Improve Hospital Efficiency, Patient Care
For a public company, Athenahealth has kept a fairly low profile. But that’s been changing over the past year—and the trend continues today. The Watertown, MA-based health IT company (NASDAQ: [[ticker:ATHN]]) says it is acquiring Proxsys, a care coordination and admitting services firm based in Alabama. The price is $28 million in cash upfront plus … Continue reading “Athenahealth to Buy Proxsys for Up to $36M to Improve Hospital Efficiency, Patient Care”
Gazelle Runs Down $22M More for Electronics Recycling Service
Second Rotation, the Boston company that runs the electronics recycling site Gazelle.com, has been fairly quiet for the past year. No more. The startup said today it has raised a $22 million Series D financing round led by Craton Equity Partners. Existing investors Physic Ventures, Venrock Associates, and RockPort Capital also participated in the round. … Continue reading “Gazelle Runs Down $22M More for Electronics Recycling Service”
NYC’s Coronado Biosciences Plans Two Drug Trials, Wall Street Debut, and Boston Move
It’s not too often that a biotech company marches into the FDA and asks permission to run human tests of a remedy derived from parasitic worms. But the agency will likely be entertaining just such a request sometime in the next couple of months, when Coronado Biosciences files an Investigational New Drug (IND) application for … Continue reading “NYC’s Coronado Biosciences Plans Two Drug Trials, Wall Street Debut, and Boston Move”
VC Investments in Boston Companies Soar to 1999 Levels ($1B+); Here Are the Top 10 Deals from the 2nd Quarter
Boston-area venture investing is starting to look a lot like 1999. That’s my take from crunching the regional numbers in the latest MoneyTree Report, prepared by the National Venture Capital Association, PricewaterhouseCoopers, and Thomson Reuters. The Boston stats are in rough agreement with the national trends reported by my colleague Bruce Bigelow, but they are … Continue reading “VC Investments in Boston Companies Soar to 1999 Levels ($1B+); Here Are the Top 10 Deals from the 2nd Quarter”