[Updated and corrected, 5/4/10, 1:15 pm ET] Jason Forcier was raised in Flint, MI, a city whose economic woes have been tied to the decline of the U.S. auto industry. Now he’s grown up and heading efforts at a growing company called A123 Systems to make advanced batteries for a new generation of energy-efficient cars … Continue reading “Raised in a General Motors Family, Jason Forcier Driving Growing Auto Battery Biz for A123 Systems”
Category: Boston
Nimbit Receives $376,950 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5f4d27bf-5eee-4786-9050-2bce48cf5393&Preview=1 Date 5/4/2010 Company Name Nimbit Mailing Address 47 Mellen St. Framingham, MA 01702 Company Description Our mission is to put musical artists in complete control of their own music business and brand, enabling them to reach their full potential as quickly as possible. Website http://www.nimbit.com Transaction Type Venture Equity Transaction Amount … Continue reading “Nimbit Receives $376,950 Series A Funding Round”
Link Medicine Corporation Obtains $5,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92278591-f592-4aec-af8c-d9cd3b6aab4d&Preview=1 Date 5/4/2010 Company Name Link Medicine Corporation Mailing Address 161 First Street Cambridge, MA 02142 Company Description Link Medicine Corporation is focused on utilizing innovative mechanisms to identify and develop disease-modifying neurodegenerative therapies for patients. Website http://www.linkmedicine.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series C Proceeds Purposes Proceeds … Continue reading “Link Medicine Corporation Obtains $5,000,000 Series C Financing Round”
Proferi Obtains $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aca9ceb7-8491-459f-a271-c37d87ee4167&Preview=1 Date 5/4/2010 Company Name Proferi Mailing Address 21 Woodchuck Lane Wilton, CT 06897 Company Description The events of the past two years have made it clear that the old ways of doing business are no longer viable. Clearly then, legacy applications based on decades-old management thinking and technologies are no longer … Continue reading “Proferi Obtains $2,000,000 New Funding Round”
Flexera Software Acquires ManageSoft Corporation for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c35adc49-2e72-4999-95b3-586f5d5aeb49&Preview=1 Date 5/4/2010 Company Name ManageSoft Corporation Mailing Address 100 North Washington Street 4th Floor Boston, MA 02114 Company Description ManageSoft, The Software Management Company, reduces IT supports costs for desktops, laptops, and servers located anywhere in the world by enabling large organizations to automatically deploy, update and manage software and security … Continue reading “Flexera Software Acquires ManageSoft Corporation for Undisclosed Sum”
MIT Sloan Sales Conference
Come learn the secrets behind selling as an entrepreneur, at the MIT Sloan Sales Conference. Workshops and panels focus on networking, storytelling, and social media, and the event’s keynote speakers include execs from IBM, EnerNOC, and Salesforce.com. Xconomy readers get a registration discount (enter code: XCORDR25).
Google Ventures Pulls Back the Veil: Deals in San Diego, Boston, Dallas, and Silicon Valley
Just over two years ago, Google decided to get into the venture capital game, setting up a fund to invest in promising startups in much the same way that Silicon Valley VC firms Sequoia Capital and Kleiner Perkins Caufield & Byers invested in Google itself back in 1999. Google Ventures has stayed mostly under the … Continue reading “Google Ventures Pulls Back the Veil: Deals in San Diego, Boston, Dallas, and Silicon Valley”
$2.35M for Incentive Targeting
Woburn, MA-based Incentive Targeting, a provider of Web-based behavioral marketing services for grocery stores, announced it has pulled in a second close of its Series A round of funding, bringing the total to $2.35 million. The round was led by Hub Angels Investment Group and included individual investors and smaller funds, the company’s announcement said. … Continue reading “$2.35M for Incentive Targeting”
Proteostasis, with San Diego Roots and Boston Home, Seeks Edge in Alzheimer’s and Parkinson’s
Peter Reinhart, the new chief scientist of Cambridge, MA-based Proteostasis Therapeutics, spent the last six years leading one of the top neuroscience groups in the pharmaceutical industry, at Wyeth. The group has gotten its share of press for its efforts, with mixed results, to take aim at neurodegenerative scourges like Alzheimer’s and Parkinson’s. But Wyeth’s … Continue reading “Proteostasis, with San Diego Roots and Boston Home, Seeks Edge in Alzheimer’s and Parkinson’s”
MIT Spinoff Levant Power On Track to Produce Energy-Boosting Shock Absorbers For Cars, Tanks, and Trains
With gasoline prices on the rise and carbon dioxide emissions threatening to bring about global climate disaster, MIT spinoff startup Levant Power is trying to help drivers cut fuel consumption—by turning their shock absorbers into a source of energy. A car going down a bumpy road vibrates. Springs absorb the vibrations, and shock absorbers damp … Continue reading “MIT Spinoff Levant Power On Track to Produce Energy-Boosting Shock Absorbers For Cars, Tanks, and Trains”
Incentive Targeting Obtains $2,350,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=69518a1f-795b-4c7c-ab0d-5932bbbb11c7&Preview=1 Date 5/3/2010 Company Name Incentive Targeting Mailing Address 10 Tower Office Park Woburn, MA 01801 Company Description Incentive Targeting partners with retail chains to provide a targeted marketing service to manufacturers of grocery and consumer products. Using our service, manufacturers market directly to individual shoppers across our entire retail network—based on … Continue reading “Incentive Targeting Obtains $2,350,000 Series A Financing Round”
High Street Partners Obtains $6,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f01362ed-8086-4713-8445-c247a8e9dd5e&Preview=1 Date 5/3/2010 Company Name High Street Partners Mailing Address 31 St. James Ave. Boston, MA 02116 Company Description High Street Partners (HSP) is the leader in international business services, providing a single source for the implementation and ongoing management of international subsidiaries and other entities, including registration, payroll, accounting, bookkeeping, tax … Continue reading “High Street Partners Obtains $6,000,000 Series B Funding”
Althea Technologies Acquires Altus Pharmaceuticals for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb4220ec-e1be-47cf-8d26-b92be922787b&Preview=1 Date 5/3/2010 Company Name Altus Pharmaceuticals Mailing Address 333 Wyman Street Waltham, MA 02451 Company Description Altus Pharmaceuticals is focused on developing and commercializing novel protein therapeutics for patients with chronic gastrointestinal and metabolic diseases. Website http://www.altus.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms … Continue reading “Althea Technologies Acquires Altus Pharmaceuticals for Undisclosed Sum”
Angel Boot Camp
Come find out whether angel investing is for you and how to begin pursuing it. More than a dozen angel investors will share their insights on evaluating potential investments, navigating the legal issues surrounding startup funding, and determining the right amount of money to invest. This event is invite only, but you can e-mail to … Continue reading “Angel Boot Camp”
What Not to Web
Consider it spring cleaning for your Internet home. Web design experts will reveal the best techniques to help you reshape your website, at this event sponsored by the MIT Enterprise Forum of Cambridge and Fresh Tilled Soil. Registration is online.
MITEF Start Smart Workshop
This ten-week series of weekly workshops covers the nuts and bolts of the entrepreneurial process. Weekly sessions explore startup milestones from bootstrapping to building business models to partnering and pitching. Attendees will also be able to network and get hands-on feedback for the work they produce. Register online for the program.
MITEF Innovation Series: The Next Generation of Enterprise Computing
Barry Briggs, chief architect and CTO of Microsoft’s IT organization, will deliver the keynote at this MIT Enterprise Forum of Cambridge event, giving a look at the new challenges and trends in cloud computing. A panel, featuring members from Cloudswitch and Matrix, will explore how businesses can grow in this new era of enterprise computing. … Continue reading “MITEF Innovation Series: The Next Generation of Enterprise Computing”
MIT Sloan CIO Symposium
This one-day conference brings together CIOs and other top business executives to explore the use of technology in enhancing an organization’s performance. Sessions and speakers will explore topics such as security and mobility, IT as an innovation engine, cloud computing, and the role of the CIO in Health IT companies. Registration is here.
Girls in Tech Networking Event
Here’s an informal networking event for women working in technology. This month features recruiters and HR managers to spotlight the positions available in the area’s tech sector. Registration is free.
Idenix Raises $26.2M
Idenix Pharmaceuticals (NASDAQ: [[ticker:IDIX]]), a Cambridge, MA-based developer of anti-viral drugs, has priced an offering of 6.46 million shares of its common stock at $4.35 per share, an SEC filing revealed. Thomas Weisel Partners is acting as the sole book-running manager of the deal, which will bring in net proceeds of about $26.2 million to … Continue reading “Idenix Raises $26.2M”
Cleantech Becoming ‘Third Leg’ of VC Investing Stool—But Just How Big is That Leg?
When Ira Ehrenpreis came through San Diego a couple of weeks ago, the cleantech investment partner at Palo Alto, CA-based Technology Partners said there was no such thing as a cleantech investment category when his firm began investing 25 years ago. At that time, Technology Partner’s investments in environmentally friendly technologies amounted to less than … Continue reading “Cleantech Becoming ‘Third Leg’ of VC Investing Stool—But Just How Big is That Leg?”
Massachusetts CEOs, VCs Launch “12×12” Mentoring Program
Prominent Massachusetts venture firms and CEOs have formally rolled out a mentoring program aimed at supporting “a new generation of technology entrepreneurs” in the state, in the words of an announcement this morning. Called 12×12, the initiative is supported by 12 local CEOs and 12 venture capital partners, and will match entrepreneurs with advisors for … Continue reading “Massachusetts CEOs, VCs Launch “12×12” Mentoring Program”
Xconomy’s Healthcare In Transition Forum: In Photos
Monday was Xconomy’s first ever event dedicated specifically to exploring how information technology can be used to improve the healthcare system. The event opened with a keynote address by Frank Moss, director of the MIT Media Lab (our venue for the forum), who used a clip from Saturday Night Live satirizing the Middle Age-technique of … Continue reading “Xconomy’s Healthcare In Transition Forum: In Photos”
The iPad May Kill the Kindle, But Amazon Could Still Come Out Ahead: The Only Comparison You Need to Read
If you’re interested in the electronic book craze, but you don’t yet own an e-book reading device, your options just got a lot more complicated. Not only are there a handful of great devices that use electrophoretic screens from Cambridge, MA-based E Ink, such as the Amazon Kindle, the Barnes & Noble Nook, and the … Continue reading “The iPad May Kill the Kindle, But Amazon Could Still Come Out Ahead: The Only Comparison You Need to Read”
Novartis Buys Alnylam Shares, Xconomy Holds First Ever Health IT Forum, Vertex Alumni Spread Throughout Life Sciences Sector, & More Boston-Area Life Sciences News
It was a big news week for the intersection of information technology and healthcare, with our first ever forum completely dedicated to the topic, and a few startups in the space nabbing funding. Headlines from big pharma companies rounded it out for us, too. —Athenahealth (NASDAQ: [[ticker:ATHN]]), the Watertown, MA-based maker of electronic health records … Continue reading “Novartis Buys Alnylam Shares, Xconomy Holds First Ever Health IT Forum, Vertex Alumni Spread Throughout Life Sciences Sector, & More Boston-Area Life Sciences News”
Exit41 Secures $6,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6074f8eb-9b9d-4f9a-9c7d-5878c42a5ec3&Preview=1 Date 4/30/2010 Company Name Exit41 Mailing Address Three Dundee Park Massachusetts, MA 01810 Company Description Exit41 has a 10+ year history as a true innovator in the development of food ordering solutions for restaurants, evolving from a point-of-sale business to become the global market leader for integrated online, mobile, and call … Continue reading “Exit41 Secures $6,000,000 New Round”
Thinking Screen Pulls in $2 Million, Looks to Apple iPad
Thinking Screen Media, the Wellesley Hllls, MA, startup that pushes news, photos, and other content to Internet-connected screens, is tweaking its business model once again. Formerly called Frame Media, the company started out in 2006 with a focus on delivering information to wireless photo frames. But last year it started thinking bigger—wireless photo frames weren’t … Continue reading “Thinking Screen Pulls in $2 Million, Looks to Apple iPad”
StreamBase Grabs $5.5 Million
Lexington, MA-based StreamBase Systems, a developer of complex event processing software, has pulled in a $5.5 million offering of debt, options, and warrants, an SEC filing reveals. The company, which makes software that analyzes real-time data for decision making, closed a $6 million Series D round in January 2009. Its website lists Accel Partners, Bessemer … Continue reading “StreamBase Grabs $5.5 Million”
$1.5M for HealthEdge
HealthEdge Software, a Burlington, MA-based provider of healthcare payment software, has raised $1.5 million of a planned $3.5 million round of debt, options, and warrants, according to an SEC filing. The company pulled in $3.5 million in equity-based funding last July. The newest financing involved four investors, but they were not named in the filing.
The Vertex Alumni: Where Are They Now?
[Updated: 1 pm, 11/26/11] Vertex Pharmaceuticals was a pretty audacious place, even by biotech standards, when it was founded twenty years ago. It started when a senior chemist from Merck, Joshua Boger, quit that job and assembled a small band of chemists that aimed to beat the Big Pharma companies at their own game of … Continue reading “The Vertex Alumni: Where Are They Now?”
What U.S. Manufacturers Can Learn from Europe—One Reporter’s Perspective
On March 29 MIT arranged a round table seminar entitled “The Future of Manufacturing Innovation—Advanced Technologies.” The seminar focused on technological advances that could spur manufacturing in the U.S. MIT president Susan Hockfield opened the afternoon by reflecting on the status of the U.S. as a manufacturing nation. “Many Americans tend to believe that hardly … Continue reading “What U.S. Manufacturers Can Learn from Europe—One Reporter’s Perspective”
IRobot Sends One-Man Army to Detroit in Advance of Planned Invasion
Bruce Legge is on a mission to infiltrate the Detroit area’s defense industry and report back to his iRobot overlords in Bedford, MA. For a lone flesh-and-blood vanguard of a future invasion of metallic warriors, Legge’s not doing too badly.
Under-the-Radar in New England: 16 Startup Financings Under $1 Million
March was a big month for little deals—at least when it comes to investing in New England’s startups. A couple of weeks ago, I wrote about the venture investing deals worth $1 million and up for March, which totaled to $194.5 million across 17 deals, according to data provided to us by private company intelligence … Continue reading “Under-the-Radar in New England: 16 Startup Financings Under $1 Million”
HealthEdge Software Secures $1,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=169fe307-a161-4894-896c-0066fef09eee&Preview=1 Date 4/29/2010 Company Name HealthEdge Software Mailing Address 10 Burlington Mall Road Burlington, MA 01803 Company Description HealthEdge provides health plans, TPAs, PPOs, and insurers of all sizes with unique software applications to position them for success. With patent-pending, next-generation technology, HealthEdge enables payor organizations to pursue innovative, new strategies to … Continue reading “HealthEdge Software Secures $1,500,000 New Funding Round”
Thinking Screen Media Obtains $2,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=87c2119d-3bf0-4b40-921d-aa55b39aeb52&Preview=1 Date 4/29/2010 Company Name Thinking Screen Media Mailing Address 40 Washington St Wellesley, MA 02481 Company Description Thinking Screen Media, Inc. (formerly Frame Media, Inc.) is the leader in content delivery to connected screens worldwide. Founded in 2007, Thinking Screen enhances the value proposition of connected screens by facilitating content selection … Continue reading “Thinking Screen Media Obtains $2,000,000 Series A Financing”
Casa Systems Lands New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3bbc3a99-2ac0-4ae3-a6f4-ad04a616690d&Preview=1 Date 4/29/2010 Company Name Casa Systems Mailing Address 100 Old River Road Andover, MA 01810 Company Description Casa Systems Inc. is a technology start-up based in Massachusetts. Casa Systems offers a new category of cable edge devices based on disruptive technologies to target the growing market opportunity in interactive digital video … Continue reading “Casa Systems Lands New Round”
MITEF Startup Clinic
This MIT Enterprise Forum of Cambridge event features software-as-a-service startup Engaged Minds, and thebuyersNET.com, a crowdsourcing site for group discounts. They’ll share what makes their companies work, and ask for audience feedback on their marketing and fundraising strategies. Registration is online.
MassTLC Growth Summit: A New Paradigm for CIO’s
Here’s an event targeted directly at CIOs. If you’re in charge of information technology and security at your company, come learn about the changing nature of your role and the impact of new technologies, from those who hold the position at companies from Microsoft to Blue Cross Blue Shield MA. You can register at this … Continue reading “MassTLC Growth Summit: A New Paradigm for CIO’s”
8th Annual Front End of Innovation Conference: A New Front End – The Era of Collaboration
More than a dozen keynote speakers—from authors to executives to consultants—will dish on innovation in collaboration, service, economics, and the environment, at this event. Attendees can dive further into the topics at what are called “REED” sessions—named for research, explore, experiment, and discuss. Registration is here.
How to Predict Whether a Startup Will Succeed or Fail: Testing the “Disruptive Innovation” Model
Thomas Thurston is a startup predictor. Tell him about your company, and he’ll tell you whether it will survive or fail. No, he’s not an investor, or a psychic. By day, Thurston is a mild-mannered researcher and consultant whose training is in law and business. He’s the founder of Portland, OR-based Growth Science International, a … Continue reading “How to Predict Whether a Startup Will Succeed or Fail: Testing the “Disruptive Innovation” Model”
Feds Approve Cape Wind Project
In a joint press conference today with Governor Deval Patrick at the Massachusetts State House, U.S. Secretary of the Interior Ken Salazar said his department has approved a scaled-down version of the long-delayed Cape Wind project at Horseshoe Shoal in Nantucket Sound. Salazar said that the revised project approved by the department will consist of … Continue reading “Feds Approve Cape Wind Project”
d’Arbeloff Departs New England Clean Energy Council for EnerNOC, Rothstein Replaces Him
[Updated 2:00 p.m. 4/28/10] There’s an unexpected transition underway at Boston-based energy management company EnerNOC (NASDAQ:[[ticker:ENOC]]) and the Cambridge, MA-based New England Clean Energy Council (NECEC). In a pair of announcements today, the organizations said that Nick d’Arbeloff, founding president of NECEC, has joined EnerNOC as vice president of enterprise energy management. Peter Rothstein, former … Continue reading “d’Arbeloff Departs New England Clean Energy Council for EnerNOC, Rothstein Replaces Him”
Assured Labor Raises $1 Million in Seed Funding for Jobs Marketplace
Assured Labor, a Boston-based online services marketplace that launched in January 2009, said today that it has raised $1 million in seed funding from a group including Nexus Venture Partners, Kima Ventures, former Skype CEO Michael Van Swaaij, and OLX.com CEO Fabrice Grinda. The MIT Media Lab spinoff, which Xconomy profiled shortly after its launch, … Continue reading “Assured Labor Raises $1 Million in Seed Funding for Jobs Marketplace”
MHS Nabs $7M Series B
Management Health Solutions, a Fairfield, CT-based provider of inventory management software for hospitals, has pulled in a $7 million Series B round of equity funding, which enabled it to acquire mobile supply chain software provider AtPar, the company announced yesterday. The financing was led by Enhanced Equity Fund, a private equity fund focused on growth … Continue reading “MHS Nabs $7M Series B”
Total Joins GM, Advanced Technology Ventures In Funding Biofuels Developer Coskata
Paris-based oil company Total has joined General Motors as an investor in Coskata, according to an announcement by the cellulosic biofuels company based in Warrenville, IL. GM invested an undisclosed amount in early 2008 and said in February this year that some of Coskata’s ethanol is being tested at the automaker’s proving grounds in Milford, … Continue reading “Total Joins GM, Advanced Technology Ventures In Funding Biofuels Developer Coskata”
Averting “Disaster” in Healthcare: Xconomy Forum at MIT Tackles Big Problems and Potential Technology Fixes
There’s perhaps no better place in the Boston area to talk about the future use of information technology in healthcare than the modern building in Kendall Square that houses the MIT Media Lab. The abundant windows and glass interior walls allow natural light to spill onto researchers as they advance new technologies to transform healthcare. … Continue reading “Averting “Disaster” in Healthcare: Xconomy Forum at MIT Tackles Big Problems and Potential Technology Fixes”
Lycera Keeps Its Investors Happy, Snags $11M to Pursue New Autoimmune Drugs
Lycera has taken an important early step in its journey of developing new treatments for autoimmune diseases. The startup, with operations in Plymouth, MI, and Cambridge, MA, has nailed down an $11 million cash infusion, which represents the second installment of a three-part, $36 million financing originally announced a year ago. The company secured the … Continue reading “Lycera Keeps Its Investors Happy, Snags $11M to Pursue New Autoimmune Drugs”
News or Noise? Gather CEO Tom Gerace on New England’s Fastest Growing Web Property
For a while now I’ve been curious about Gather, a privately funded news and social networking site based in downtown Boston. I knew that Gather was founded by marketing pro Tom Gerace, that it is owned in part by the public radio operator American Public Media, that it has an unusual way of paying users … Continue reading “News or Noise? Gather CEO Tom Gerace on New England’s Fastest Growing Web Property”
Warner Bros. Acquires Turbine, Athenahealth Taps IBM, Alkermes Reveals Diabetes Drug Royalty, & More Boston-Area Deals News
News of financings, partnerships, royalties, and acquisitions among New England’s video game, transportation, biotech, and energy companies have kept us buzzing in the last week. —Westwood, MA-based online games maker Turbine was purchased by the Home Entertainment Group of Warner Bros. Interactive Entertainment, a unit of Time Warner (NYSE: [[ticker:TWX]]). Turbine produces the massively multiplayer … Continue reading “Warner Bros. Acquires Turbine, Athenahealth Taps IBM, Alkermes Reveals Diabetes Drug Royalty, & More Boston-Area Deals News”
Assured Labor Receives $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02b4f5fb-e711-4bdd-a6f0-0a43176762e4&Preview=1 Date 4/28/2010 Company Name Assured Labor Mailing Address 108 Saint Botolph St Boston, MA 02113 Company Description Assured Labor’s innovative service is optimized for the way people in emerging markets really find jobs. We understand that while employers may use the internet on a daily basis, their workforce rarely does. We … Continue reading “Assured Labor Receives $1,000,000 New Financing”