Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=697c1446-9f34-4ba2-bd90-26a84d9afde6&Preview=1 Date 2/23/2010 Company Name Luminus Devices Mailing Address 1100 Technology Park Drive Unit 2 Billerica, MA 01821 Company Description Luminus Devices develops and manufactures innovative, high-power, solid state lighting solutions for high-definition televisions and other display products. Its patented PhlatLight™ (Photonic Lattice) technology and manufacturing processes deliver a new level of … Continue reading “Luminus Devices Obtains $19,000,000 Series F Funding Round”
Category: Boston
Seahorse Bioscience Lands $5,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=163d03df-bba3-4a54-a6a4-7d96a88ecc91&Preview=1 Date 2/23/2010 Company Name Seahorse Bioscience Mailing Address 16 Esquire Road North Billerica, MA 01862 Company Description We design and manufacture consumable sensors and custom injection molded Labware in our Seahorse Labware facility in Massachusetts. Website http://www.seahorsebioscience.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Series D Proceeds Purposes Seahorse … Continue reading “Seahorse Bioscience Lands $5,000,000 Series D Round”
mCaddie Secures $600,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=33fcd44e-71df-45eb-ad09-b4c6e8a98d50&Preview=1 Date 2/23/2010 Company Name mCaddie Mailing Address P O Box 3514 Portland, ME 04104-3514 Company Description mCaddie Inc. (creators of AccelGolf) is a team of young but experienced developers based out of Portland, Maine. We are leveraging cutting edge web and mobile technology to marry self improvement and social networking for … Continue reading “mCaddie Secures $600,000 New Financing Round”
Currensee Receives $6,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f8bc78e7-f31b-43ef-9dd7-c3a72c0568fd&Preview=1 Date 2/23/2010 Company Name Currensee Mailing Address 77 North Washington Street Boston, MA 02114 Company Description Currensee is the first Forex trading social network where like-minded traders can connect with each other and share unique ideas, insights and data based on the actual trading activity of the community. On Currensee, traders … Continue reading “Currensee Receives $6,000,000 Series B Funding Round”
Report: Thermo Fisher Bids to Take Over Millipore
According to a report today from the Bloomberg news agency, Thermo Fisher Scientific (NYSE: [[ticker:TMO]]), the Waltham, MA-based supplier of laboratory instruments and equipment to the life sciences industry, has made an unsolicited bid to acquire Billerica, MA-based Millipore (NYSE: [[ticker:MIL]]) for $6 billion. Millipore makes diagnostic and laboratory equipment for biotech firms. Bloomberg attributed … Continue reading “Report: Thermo Fisher Bids to Take Over Millipore”
Allurent Reels in $2M
[Updated. See below. 7:35 pm Eastern time. 2/22/10] Allurent, a Cambridge, MA-based provider of online shopping software, has raised $2 million in its third round of venture capital, company CEO Graeme Grant confirms. The funding will help the company continue to grow sales of an on-demand software product, which was launched about a year ago, … Continue reading “Allurent Reels in $2M”
Iron Mountain Drinks in Mimosa
Boston-based paper and digital archiving giant Iron Mountain (NYSE: [[ticker:IRM]]) said today that it has acquired Santa Clara, CA-based Mimosa Systems for $112 million in cash. Mimosa makes e-mail archiving software for companies that use Microsoft Outlook or Outlook Web Access through Microsoft’s Exchange Server. “By combining Mimosa’s on-premises archive with our cloud-based technologies, Iron … Continue reading “Iron Mountain Drinks in Mimosa”
Icahn Making His Move On Genzyme
Carl Icahn is now officially making moves on the Boston area’s two biggest biotech companies. After boosting his stake in the slumping Cambridge, MA-based firm Genzyme, Icahn is now seeking representation on its board, according to the company. Icahn has been making similar plays for control at Genzyme’s neighbor, Biogen Idec, for years. Icahn has … Continue reading “Icahn Making His Move On Genzyme”
Rival Buyout Offer for Amicas
Boston-based radiology information management company Amicas (NASDAQ: [[ticker:AMCS]]), which had been on the verge of a buyout by Chicago- and San Francisco-based private equity firm Thoma Bravo, said today it has received a rival offer from Merge Healthcare (NASDAQ: [[ticker:MERG]]), a Milwaukee, WI-based provider of radiology workflow management software. The Merge offer of $6.05 per … Continue reading “Rival Buyout Offer for Amicas”
Chairman Bill Young: Next Biogen Idec CEO May Be a Scientist
The future leader of Biogen Idec might be as familiar with a petri dish as he or she is with a spreadsheet. That’s according to Bill Young, who took over as Biogen’s chairman of the board on January 1. Young is on the board committee that’s searching to replace CEO Jim Mullen, who announced last … Continue reading “Chairman Bill Young: Next Biogen Idec CEO May Be a Scientist”
Survey Finds Venture Deal Terms Improving, But Still Below Historical Levels
Even though venture capital funding plunged dramatically in 2009, it was nevertheless encouraging when the VC surveys that came out in January showed an uptick in venture deals during the fourth quarter—like a ski jump into 2010. Now the Cooley Godward Kronish Venture Financing Report for the fourth quarter of 2009 gives us another piece … Continue reading “Survey Finds Venture Deal Terms Improving, But Still Below Historical Levels”
Boston-Power Adds Ex-GM Exec to Board, Prepares to Take On Automotive Battery Market
Around the time Steve Jobs unveiled the Apple iPad, a funny Photoshopped picture began making the rounds on the Web, showing Jobs with four iPhones crudely lashed together with duct tape. The picture’s unspoken message, of course, was that the iPad is just a big iPhone. Well, something like that is actually coming true in … Continue reading “Boston-Power Adds Ex-GM Exec to Board, Prepares to Take On Automotive Battery Market”
Allurent Garners $2,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cc11b21-5bfb-4056-b0ba-41fab8ea88df&Preview=1 Date 2/22/2010 Company Name Allurent Mailing Address 222 Third Street Cambridge, MA 02142 Company Description At Allurent, we are passionate about transforming online shopping from a dull, utilitarian and often frustrating task into an enticing and entertaining experience that parallels and even surpasses the physical store. We are convinced that online … Continue reading “Allurent Garners $2,000,000 Series C Funding”
Breakfast Seminar: Enernet: Internet Lessons for Solving Energy featuring Bob Metcalfe
Think the Internet has no place in solving the world’s energy problems? Think again. Ethernet inventor and Polaris partner Bob Metcalfe will explain how the lessons learned in building the Internet (particularly when it comes to networking) can be applied to meeting needs for clean and cheap energy, at this Mass. Technology Leadership Council breakfast … Continue reading “Breakfast Seminar: Enernet: Internet Lessons for Solving Energy featuring Bob Metcalfe”
$1.25 Million for Fluent Mobile
Fluent Mobile, the Boston, MA-based maker of a leading iPhone news-aggregating app called Fluent News Reader, has raised $1.25 million in equity-based funding, according to a regulatory filing. Fluent executives did not immediately respond to requests for comment on the round. While the regulatory filing did not list the company’s investors, it identified Guy Bradley, … Continue reading “$1.25 Million for Fluent Mobile”
Leveraging New and Emerging Technologies to Enable Patient-Centered Primary Care
Learn about the role technology plays in the shift to patient-centric primary care, where patients take greater responsibility for their own healthcare treatments and management. Panelists at this Mass. Technology Leadership Council event will discuss the technologies and tools surrounding medical record keeping and information exchange. Register on the Eventbrite site.
Accelerating Start-Up Growth: Seed Funding Models Helping Entrepreneurs Launch Sustainable Businesses
Learn the pros and cons of early stage seed funding models that have risen up as an alternative to venture capital, at this roundtable discussion put on by the MIT Enterprise Forum of Cambridge. Investors and entepreneurs will discuss what conditions lead to successes or failures for startups that go this route. Registration is here.
Ignite Clean Energy Competition 2010 Kickoff
It’s here: the official launch of this year’s Ignite Clean Energy (ICE) competition, a team-based business plan contest for entrepreneurs in clean energy. Get an overview of what this year’s competition will look like, hear from past competitors, and link up with potential teammates. Register here
TiE LaunchPad Workshop: Elements of Go-to-Market Strategy
Learn what it takes for your startup to take off, in this series of workshops designed to instruct entrepreneurs on the lifecycle of starting a business. This event highlights elements of getting a product to market, such as defining the value proposition and selecting different sales channels. Check out the TiE-Boston website to register.
Sepracor CEO Resigns
Adrian Adams has resigned as the CEO and board member of Marlborough, MA-based drug maker Sepracor (NASDAQ:[[ticker:SEPR]]), according to the company and Japan’s Dainippon Sumitomo Pharma (DSP), which is buying Sepracor. Saburo Hamanaka has become chairman of Sepracor and executive officer of Dainippon. Dainippon, which announced its $2.6 billion buyout of Sepracor in September 2009, … Continue reading “Sepracor CEO Resigns”
Online Video Advertisers: Enough Double Stuf, Time to Get Targeted
What a wonderful world: Thanks to Fox, Comedy Central, and the other TV networks that are generous enough to post the latest episodes from their hit shows online, I can watch all of my favorite episodes on the Web on demand without paying a dime to Comcast (oops, “Xfinity”) for premium cable channels or DVR … Continue reading “Online Video Advertisers: Enough Double Stuf, Time to Get Targeted”
NanoString Chairman Bill Young Scopes Out Diagnostic Future, Considers Bay Area Expansion
Big decisions about the future of NanoString Technologies are in the works. The Seattle-based maker of genetic analysis tools is crafting a strategy to enter the clinical diagnostics market, it expects to hire a permanent CEO within a couple months, and it may establish its headquarters to the San Francisco Bay Area to get the … Continue reading “NanoString Chairman Bill Young Scopes Out Diagnostic Future, Considers Bay Area Expansion”
BiddingForGood Aims to Streamline Donation Requests and Boost Charity Auction Pool
Jon Carson describes the newest offering on his website, BiddingForGood.com, as the idea he is most proud of in his “entire startup life.” “It solves a real problem. It makes something efficient,” says Carson, whose previous entrepreneurial efforts include a keg delivery startup he ran while at Babson College, and FamilyEducation Network, a Web portal … Continue reading “BiddingForGood Aims to Streamline Donation Requests and Boost Charity Auction Pool”
Sirtris Founders Resurface with New Fund, Icahn Continues to Make Biotech Waves, Sentillion Bought by Microsoft, & More Boston-Area Life Sciences News
Despite the Presidents Day holiday, it’s been a big life sciences week for us. —A new venture fund is being assembled by the founders of Cambridge, MA-based Sirtris Pharmaceuticals, a developer of treatments for aging-related diseases that went to GlaxoSmithKline for more than $700 million in 2008. Christoph Westphal, Michelle Dipp, and Rich Aldrich have … Continue reading “Sirtris Founders Resurface with New Fund, Icahn Continues to Make Biotech Waves, Sentillion Bought by Microsoft, & More Boston-Area Life Sciences News”
Fluent Mobile Receives $1,250,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=84eab2bf-fb95-46f6-9452-04fa1e43e897&Preview=1 Date 2/19/2010 Company Name Fluent Mobile Mailing Address Ten Post Office Square 8th Floor Boston, MA 02109 Company Description Fluent Mobile, a pioneer in mobile content organization and delivery, develops applications that bring the speed, reliability and convenience of desktop Web browsing to handheld devices. By applying proprietary content relevancy and … Continue reading “Fluent Mobile Receives $1,250,000 New Round”
North End Raises $2.5M, Converts $1.8M of Debt
Robotics and communications startup North End Technologies has raised $2.5 million in new funding and converted $1.8 million in preexisting debt to equity, said company CEO Brad Kayton. The new funding came from previous investors Waltham, MA-based Castile Ventures, company executives, and angel investors, and will be used to take the stealthy Nashua, NH-based company’s … Continue reading “North End Raises $2.5M, Converts $1.8M of Debt”
EveryScape Adds $6M, Eyes Asia
EveryScape announced it has raised $6 million in a Series C funding round led by SK Telecom Americas, a division of Korean mobile operator SK Telecom (NYSE: [[ticker:SKM]]), and joined by return investors Draper Fisher Jurvetson and Dace Ventures. Waltham, MA-based EveryScape, which provides navigable, 360-degree views of metropolitan, suburban, and rural areas, will use … Continue reading “EveryScape Adds $6M, Eyes Asia”
Brightcove Attempts to Straddle Front Line in Mobile Video Wars
Brightcove has a problem. The Cambridge, MA-based startup’s Brightcove 4 video hosting platform, which hundreds of publishers use to distribute and monetize Web video on desktop and laptop PCs, was built around Adobe’s Flash Player. But more and more people want to watch videos on their smartphones, and Flash videos won’t play on most mobile … Continue reading “Brightcove Attempts to Straddle Front Line in Mobile Video Wars”
Renewable Energy Investor Says Wind Industry Ripe for Innovation
You could say I blew into the wind power event that Cleantech San Diego organized here last week. The canapés were gone by the time I arrived, but the show was just getting started. I got there in time to hear keynote speaker Jim McDermott of energy investment fund U.S. Renewables Group describe a somewhat … Continue reading “Renewable Energy Investor Says Wind Industry Ripe for Innovation”
Proteostasis, a Rich Boston Biotech with San Diego Ties, Grows to Pursue Diseases of Aging
Just before the financial crisis hit in September 2008, Cambridge, MA-based Proteostasis Therapeutics was fortunate to snag $45 million of initial venture financing to pursue a dream. It has been pretty quiet since then. But behind the scenes, the idea has morphed into a company built to make convenient oral pills for diseases of aging. … Continue reading “Proteostasis, a Rich Boston Biotech with San Diego Ties, Grows to Pursue Diseases of Aging”
Sentillion Sees Brighter Future in Healthcare Software Under Microsoft’s Ownership
Sentillion is no longer one of the little guys on the block. The Andover, MA-based provider of healthcare software announced this month that it officially became a subsidiary of technology giant Microsoft (NASDAQ: [[ticker:MSFT]]), a development that Sentillion founder Robert Seliger says will accelerate adoption of the firm’s software around the globe. Seliger, who had … Continue reading “Sentillion Sees Brighter Future in Healthcare Software Under Microsoft’s Ownership”
A Call for Showcase Participants at Xconomy’s March 9 Mobile Madness Forum
Xconomy’s big mobile conference, “Mobile Madness: The New Future of Computing,” is coming up fast, on March 9. But there’s still time to register for a ticket—and if you work for a mobile technology startup and you’d like to join the madness, either live at the event or online, there’s still time to get involved … Continue reading “A Call for Showcase Participants at Xconomy’s March 9 Mobile Madness Forum”
North End Technologies Garners $2,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72184adc-e155-4776-abf9-4ea968261c1d&Preview=1 Date 2/18/2010 Company Name North End Technologies Mailing Address 40 Simon St Nashua, NH 03060 Company Description North End Technologies is a venture backed start up company. We are developing products that will dramatically change how people interact with the world. We are looking for highly motivated, exceptionally talented engineers to … Continue reading “North End Technologies Garners $2,500,000 New Funding Round”
ITT Acquires Nova Analytics Corporation for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ccded30e-44d2-45ee-a717-3a91f6a4e8d9&Preview=1 Date 2/18/2010 Company Name Nova Analytics Corporation Mailing Address 600 Unicorn Park Drive Woburn, MA 01801 Company Description Nova Analytics Corporation is a worldwide supplier and integrator of electrochemistry products. Nova’s industry experienced management offers extensive knowledge in all aspects of analytical markets which includes design, development, manufacturing and integration of … Continue reading “ITT Acquires Nova Analytics Corporation for Undisclosed Sum”
EveryScape Garners $6,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8cf5d66a-0c84-4186-85f0-6af7475f3306&Preview=1 Date 2/18/2010 Company Name EveryScape Mailing Address 716 Main Street Waltham, MA 02451 Company Description EveryScape, Inc. is creating The Real World Online through a visual platform for local search that creates a virtual experience of all metropolitan, suburban and rural areas. EveryScape will ultimately let users share their stories and … Continue reading “EveryScape Garners $6,000,000 Series C Financing”
Nova Analytics Sale to ITT Provides “Very Good” Outcome for Battery Ventures
The private equity operation of Boston-based Battery Ventures helped buy out Nova Analytics, a Woburn, MA-based maker of lab and field equipment for electrochemical measurements, in 2003. Seven years later, after a string of strategic acquisitions that helped to consolidate the analytic instruments market, Battery has sold Nova to White Plains, NY-based ITT, which says … Continue reading “Nova Analytics Sale to ITT Provides “Very Good” Outcome for Battery Ventures”
IEEE Virtual Reality 2010
This conference features researchers and companies in the areas of virtual reality and 3D user interface design innovation. It looks to bring together representatives from Boston’s 50-plus video game companies with those from the virtual reality world to explore the opportunities in the intersection of these two markets. Registration and event information is here.
HBS Entrepreneurship Club – Annual Conference 2010
This year’s Harvard Business School Entrepreneurship Club Conference features speakers from retail, energy, and Web startups. The event, entitled “Ideas Unleashed,” also includes panels on how to take a company from idea to operation, and investor and entrepreneur perspectives on the funding process. Register on the conference website.
Internet Video Everywhere: Entrepreneurial Opportunities in Online and Mobile Video
This MIT Enterprise Forum event explores which slices of the Internet video industry present opportunities for entrepreneurs. Learn how content gatherers, technology platforms, and advertising networks are playing a role in the booming market, and what the surge in viewing on the Web means for previous standards in licensing and subscription. Register here.
Revolve Nation Boston Entrepreneurs: Networking & Discussion Group
Meet up with area entrepreneurs and business owners to network, socialize, and share ideas. This member-driven organization comes together regularly to help create a supportive entrepreneurs’ environment. Check out the website and become a member to get details on the location of these meetups.
Technology Icon Ray Stata Gives NABsys a Big Boost in $7M Series B
Ray Stata, the co-founder and chairman of Analog Devices, is arguably the biggest name in semiconductors that Massachusetts has to offer. So it’s noteworthy that Stata’s Stata Venture Partners is leading a $7 million Series B round of venture capital for Providence, RI-based NABsys, which is developing a DNA sequencing technology that relies heavily on … Continue reading “Technology Icon Ray Stata Gives NABsys a Big Boost in $7M Series B”
MPM Collects $140M for Fifth Fund, NEXX Files for IPO, Nuance Advances on Mac Market, & More Boston-Area Deals News
New England’s tech and life sciences firms inked lots of deals in the last week, with the software sector being particularly active. —Advanced RenewableEnergy Company of Nashua, NH, raised $5 million of a $10 million equity round, according to regulatory filings. Nicknamed ARC Energy, the company makes equipment for growing and processing the sapphire crystals … Continue reading “MPM Collects $140M for Fifth Fund, NEXX Files for IPO, Nuance Advances on Mac Market, & More Boston-Area Deals News”
Eleven Biotherapeutics Raises $35M, Seeks to Crank the Amplifer Up on Protein Drugs
It’s not every day on the biotech beat that we find a startup has been inspired by the 1984 rock mockumentary “This is Spinal Tap.” But that’s a true story behind the founding of Eleven Biotherapeutics, the latest high-profile startup in the Boston biotech cluster. Cambridge, MA-based Eleven Biotherapeutics is emerging from stealth mode today … Continue reading “Eleven Biotherapeutics Raises $35M, Seeks to Crank the Amplifer Up on Protein Drugs”
Eleven Biotherapeutics Lands $35,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b5b263c-a105-4c0e-92e0-a2124661f81d&Preview=1 Date 2/17/2010 Company Name Eleven Biotherapeutics Mailing Address 790 Memorial Drive Cambridge, MA 02139 Company Description Eleven Biotherapeutics is focused on translating breakthrough discoveries from science and medicine to engineer and develop innovative protein-based therapeutics to improve human health and treat disease. Website http://www.elevenbio.com Transaction Type Venture Equity Transaction Amount $35,000,000 … Continue reading “Eleven Biotherapeutics Lands $35,000,000 Series A Round”
NABsys Secures $7,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c9778c3-c77e-42a3-995e-b617f7c6b946&Preview=1 Date 2/17/2010 Company Name NABsys Mailing Address 349 Eddy St Providence, RI 02903 Company Description NABsys aims to make whole-genome DNA sequencing fast, inexpensive, and accurate enough to be used in clinical care. Our approach builds on existing solid-state technologies to create a whole-genome sequencing technology that employs electronic detection, does … Continue reading “NABsys Secures $7,000,000 Series B Financing Round”
MobileCampBoston3
MobileCampBoston touts itself as an “un-conference” on the mobile industry, where attendees decide the agenda of the event. Participants are encouraged to bring demos of what they’ve been working on, business cards for networking, and lively discussions to keep this informal event active and engaging. Sign up here.
An ‘Across the Pond’ Showcase – What Mobile Technologies Are Being Developed in the UK?
Looks like the Boston area has a European comrade when it comes to the mobile industry. The United Kingdom also has a growing slew of companies in the advertising, marketing, application, and content slices of the mobile industry. This Mass Mobile Month event, sponsored by the Massachusetts Innovation & Technology Exchange, will feature mobile technology … Continue reading “An ‘Across the Pond’ Showcase – What Mobile Technologies Are Being Developed in the UK?”
Girls in Tech Boston Networking
Check out this informal gathering of the Boston branch of Girls in Tech, a social networking organization for women in technology. Learn about the group’s events for the coming year and dish on local resources for women in the tech space. Register for free here.
Designing iPhone Apps: It’s More than Just Beautiful Coding
Learn what you need, beyond eye-catching designs, to make an engaging iPhone app, at this event put on by the Massachusetts Innovation & Technology Exchange. Mobile app company CEOs, developers, and consultants will discuss what it takes for an app to successfully reach customers, the differences in designing gaming vs. practical apps, and what the … Continue reading “Designing iPhone Apps: It’s More than Just Beautiful Coding”
MTLC Annual Meeting: Flipping the Switch from Survival to Growth
This annual meeting of the Mass. Technology Leadership Council will explore the new wave of opportunities in technology brought on by cloud computing, widespread Internet access, and social media. Presenters from the Web and media fields will explore what these technology spaces mean as we enter a new decade, likening them to the splashes made … Continue reading “MTLC Annual Meeting: Flipping the Switch from Survival to Growth”