Nexamp, a North Andover, MA, company that helps clients design, finance, build, and analyze clean energy projects, has raised $6.5 million in equity-based financing, a regulatory filing revealed today. The four-year-old company, formerly known as NexGen Energy Solutions, originally focused on solar panel installation projects, but has grown to offer other services such as feasibility … Continue reading “Nexamp Raises $6.5M for Clean Energy Consulting”
Category: Boston
IkaSystems Gets Capital Infusions from Essex Woodlands Health Ventures and Providence Equity Partners
IkaSystems, a Southborough, MA-based provider of software for the healthcare payer market, said it has finalized an investment from New York City and Palo Alto, CA, private equity fund Essex Woodlands Health Ventures, a month after reeling in capital from Providence Equity Partners. The terms of both deals were undisclosed, but Venture Wire reports that … Continue reading “IkaSystems Gets Capital Infusions from Essex Woodlands Health Ventures and Providence Equity Partners”
Quanterix CEO Sets Sight on Early Detection of Cancer, Neurological Diseases in the Blood
The new CEO of Quanterix isn’t afraid to dream big, and say it out loud. “We participate in an $8 billion market,” says CEO Dave Okrongly, referring to the business of antibody-based diagnostics. “Quanterix can be a platform for that whole $8 billion market.” Okrongly was named CEO of the Cambridge, MA-based company in September, … Continue reading “Quanterix CEO Sets Sight on Early Detection of Cancer, Neurological Diseases in the Blood”
Top Five Trends in the Future of Work
We are increasingly a knowledge-based economy in the U.S., and work can be delivered digitally from anywhere. Take NightHawk Radiology in Coeur d’Alene, ID, for example—they are providing radiologists to any hospital that needs real-time availability and lower costs. They work online from Switzerland and Australia, but it could just as easily be Wenatchee or … Continue reading “Top Five Trends in the Future of Work”
Kiva’s Robots Go to Work Sorting Medical Devices at Boston Scientific
Robotics startup Kiva Systems of Woburn, MA, and medical device giant Boston Scientific (NYSE: [[ticker:BSX]]) said today that Kiva’s robots will be used to automate order fulfillment in two Boston Scientific warehouses, one in New England and one in the Netherlands. It’s a big win for Kiva, whose shelf-toting robots are increasingly common in the … Continue reading “Kiva’s Robots Go to Work Sorting Medical Devices at Boston Scientific”
FloDesign Wind Turbine Obtains $34,500,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=92c53182-7bb8-41db-8389-70cdbdc74f78&Preview=1 Date 1/19/2010 Company Name FloDesign Wind Turbine Mailing Address 380 Main Street Wilbraham, MA 01095 Company Description The company develops wind turbine for electrical power production. Website http://www.flodesignwindturbine.org Transaction Type Venture Equity Transaction Amount $34,500,000 Transaction Round Series B Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Kleiner … Continue reading “FloDesign Wind Turbine Obtains $34,500,000 Series B Funding”
Lumigent Technologies Receives $3,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d67fc2f5-6563-4d1f-aa13-87392d11c3d7&Preview=1 Date 1/19/2010 Company Name Lumigent Technologies Mailing Address 289 Great Road Acton, MA 01720 Company Description Lumigent Technologies, Inc. provides software solutions to safeguard the integrity and availability of enterprise data. The company is privately held and is based in Acton, Massachusetts. Website http://www.lumigent.com Transaction Type Venture Equity Transaction Amount $3,000,000 … Continue reading “Lumigent Technologies Receives $3,000,000 New Funding Round”
Nexamp Obtains $6,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=182c6636-c656-4aeb-be94-990e73450bbe&Preview=1 Date 1/19/2010 Company Name Nexamp Mailing Address 21 High Street North Andover, MA 01845 Company Description Nexamp is a full service clean energy solutions company. Nexamp analyzes, designs, finances, builds and maintains clean energy projects that reduce energy costs and carbon emissions for businesses, governments, and homeowners. Our solutions include renewable … Continue reading “Nexamp Obtains $6,500,000 New Financing”
Ember Corporation Lands $5,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c722b3e-7c8a-421c-98c8-c87a9f84e0d7&Preview=1 Date 1/19/2010 Company Name Ember Corporation Mailing Address 47 Farnsworth Street Boston, MA 02210 Company Description Ember enables communication among embedded microcontrollers with standards-based wireless mesh networking semiconductors and software. Website http://www.ember.com Transaction Type Debt Transaction Amount $5,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds from the financing will provide the company … Continue reading “Ember Corporation Lands $5,000,000 New Round”
Thermo Fisher Scientific Acquires Ahura Scientific for $145,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00beeb1e-c32d-4332-bbe2-7b2773b4c689&Preview=1 Date 1/19/2010 Company Name Ahura Scientific Mailing Address 46 Jonspin Road Wilmington, MA 01887 Company Description Ahura Corp., a manufacturer of portable optical instrumentation and subsystems for homeland security and life science applications. Website http://www.ahuracorp.com Transaction Type M&A Transaction Amount $145,000,000 Transaction Round Proceeds Purposes M&A Terms The deal is valued … Continue reading “Thermo Fisher Scientific Acquires Ahura Scientific for $145,000,000”
Time Acquires StyleFeeder for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c976d68-fbd7-49f0-9c39-fd8c635277eb&Preview=1 Date 1/19/2010 Company Name StyleFeeder Mailing Address 678 Massachusetts Avenue Cambridge, MA 02139 Company Description StyleFeeder combines the best of Web 2.0’s social and personalization aspects in the Web’s only intelligent personal shopping recommendation engine. By learning about each person’s unique sense of style, StyleFeeder helps shoppers discover new products they’ll … Continue reading “Time Acquires StyleFeeder for Undisclosed Sum”
StyleFeeder Acquired by Time Inc.
[Updated, see below] Time Inc., the New York-based magazine publishing giant, has acquired Cambridge, MA-based personalized shopping site StyleFeeder in a deal that closed on Friday. StyleFeeder founder and chief technology officer Phil Jacob, who I reached at his home this evening, confirmed the news, which was first publicly reported just before 8:00 p.m. Monday … Continue reading “StyleFeeder Acquired by Time Inc.”
MLK Day
Posting will be light today as Xconomy’s offices are closed in observation of the Martin Luther King, Jr. Day of Service. For those of you looking for a way to pitch in in your own city or town, Serve.gov has a searchable database of volunteer opportunities. If you or your organization would like to aid … Continue reading “MLK Day”
A123Systems Invests in Fisker, Virtify Finds $15M, ATG Acquires InstantService, & More Boston-Area Deals News
Dealmaking was steady across the tech and life sciences industries in New England this week. —Enterprise software firm Progress Software (NASDAQ: [[ticker:PRGS]]) of Bedford, MA, acquired Santa Clara, CA-based Savvion for $49 million, net of Savvion’s cash. —Cambridge, MA-based life sciences software firm Virtify raised $15 million in a Series A financing, according to a … Continue reading “A123Systems Invests in Fisker, Virtify Finds $15M, ATG Acquires InstantService, & More Boston-Area Deals News”
Inside the Corner Office: An Intimate Conversation with Stan Lapidus
Calling all aspiring life sciences entrepreneurs. Get an inside perspective from someone who has started and taken public three healthcare companies. Stan Lapidus, founder of Cytyc, Exact Sciences, and Helicos Biosciences, will speak to attendees on start-to-finish topics such as validating technologies, obtaining funding at various stages, building a top management team, and exiting strategy. … Continue reading “Inside the Corner Office: An Intimate Conversation with Stan Lapidus”
Providence Geek Dinner
Providence Geeks, a Rhode Island innovation group, is using this month’s Geek Dinner as a book launch party. Why? Because at May’s Geek Dinner, web and mobile app strategist Jonathan Stark met Providence Geeks co-founder Brian Jepson, who also happens to be a senior editor at O’Reilly Media, a publisher and source on innovation and technology … Continue reading “Providence Geek Dinner”
CIC to Double Its Space
[Updated and corrected, 1/20/10] The Cambridge Innovation Center (CIC), which provides office space and services to hundreds of technology startups at One Broadway in Cambridge, MA, has signed a 10-year lease with One Broadway’s owner, MIT, that will allow it to expand its footprint in the building from 86,000 square feet to 122,000 square feet, … Continue reading “CIC to Double Its Space”
TCN Roundtable: Negotiation & Valuation
When it comes to early stage company valuations, entrepreneurs and investors have trouble agreeing. In this once-a-year roundtable sponsored by The Capital Network, entrepreneurs, venture capitalists, angel funders and industry experts will come together to discuss ways the different parties can reach common ground on this subject. Guests will participate in a case study to … Continue reading “TCN Roundtable: Negotiation & Valuation”
Emerging Marketing Strategies for the New Consumer
There’s a “new consumer” out there and it’s called the college student. At this event sponsored by GoingClear and Off Campus Media, marketing professionals will profile this type of customer and how to use social media, SEO and mobile strategies to reach him or her. Registration and ticket information is here.
MITX Panel: What Will “E-Commerce 2.0” Look Like in the Next Few Years?
Neither online shopping nor social networking are novel concepts, but the relationship the two can share might be. MITX, a New England Internet business and marketing association, hosts this panel to discuss how social media channels and community sharing are continuing to shape the e-commerce world. Register on MITX‘s website.
MIT Enterprise Forum of Cambridge Start-up Clinic
This event showcases how technology has gone “personal,” featuring companies that have incorporated the social aspect into medicine and publishing. One guest from AuthorsGlobe will explain how the site connects authors, professional organizations and audiences with virtual webcasting, social networking, and e-commerce tools. Another featured company is iSpecimen, which is building a biobank for speedier … Continue reading “MIT Enterprise Forum of Cambridge Start-up Clinic”
Breakfast Seminar: How does an organization evaluate Cloud-based options?
Cloud computing isn’t a one-size-fits-all world. This breakfast seminar, put on by the Mass. Technology Leadership Council, will showcase how several companies selected their Cloud strategies. Experts will discuss and debate the merits of private cloud, public cloud and a hybrid of the two different approaches. Event details and registration are here.
Member Roundtable: A Local Hospital’s New IT Initiatives and Challenges in 2010
And the healthcare discussion continues. Luckily, in a slightly less partisan and perhaps more constructive manner. Dr. George Brenckle, CIO of UMass Memorial Health Care, will discuss the hospital’s forays into IT and potential challenges to look out for in the coming year. UMass Memorial Health Care started revamping its information technology systems in 2008 … Continue reading “Member Roundtable: A Local Hospital’s New IT Initiatives and Challenges in 2010”
FitnessKeeper Announcement Gives New Meaning to “Scalable”
I caught up the other day with Jason Jacobs, the hyperkinetic founder and CEO of Boston-based FitnessKeeper, which is best known for its RunKeeper GPS fitness-tracking app for the Apple iPhone. That’s no mean feat, as Jacobs is one of those guys who walks the talk—he’s training to run in the Boston Marathon for the … Continue reading “FitnessKeeper Announcement Gives New Meaning to “Scalable””
Rue La La Closure Promotes Haiti Relief
Invitation-only discount clothing site Rue La La, a part of Boston-based Retail Convergence Incorporated (RCI), has closed its online boutiques until Saturday morning and is asking shoppers to donate instead to relief efforts in Haiti following the devastating earthquake there. At the Rue La La website, a statement from Rue La La CEO Ben Fischman … Continue reading “Rue La La Closure Promotes Haiti Relief”
Arch, Polaris Spring deCode from Chap. 11
Venture Wire reports today that a Delaware bankruptcy court has approved the sale of Iceland-based genomics firm deCode Genetics to Arch Venture Partners and Polaris Venture Partners, both of which are previous investors in the company. Waltham, MA-based Polaris and ARCH, which has operations in Boston and Seattle, are paying $14 million for the deCode … Continue reading “Arch, Polaris Spring deCode from Chap. 11”
Entrepreneurship May Work Like A Clock, But It Still Needs Winding: Exploring the Kauffman Study on New Firm Formation
Like others in the tech-journalism business, we here at Xconomy tend to pore over the latest statistics about the entrepreneurial economy pretty obsessively: how much money venture firms are raising and investing from quarter to quarter; how much they dole out to each new startup in their portfolios; how much these portfolio companies eventually return … Continue reading “Entrepreneurship May Work Like A Clock, But It Still Needs Winding: Exploring the Kauffman Study on New Firm Formation”
Bonding with BIND Biosciences’s New CEO Scott Minick
[Clarified and Corrected—7:30 AM, 01/15/10] Scott Minick made his official debut as CEO of BIND Biosciences Monday at the JP Morgan Healthcare Conference in San Francisco, which makes for one of the most frenetic weeks of the year for biotech chiefs. The Cambridge, MA-based startup also made some news this week with the announcement of … Continue reading “Bonding with BIND Biosciences’s New CEO Scott Minick”
Can Molecular Medicine Survive Its Teenage Years, and Reach its Potential This Decade?
As the 21st century approaches its teenage years, so too does molecular medicine. Discovery of the structure of DNA more than 50 years ago launched the field of molecular biology. During the last decade, we have seen the first translation of some fundamental discoveries in this field into medical tools. Clearly, however, we are early … Continue reading “Can Molecular Medicine Survive Its Teenage Years, and Reach its Potential This Decade?”
Venture Investors Spread Holiday Cheer to Mass. Startups in December: Companies Wrap Up $224 Million in Funding
Santa was good to the Massachusetts high-tech economy in December. Very good. Roughly $224 million poured into the state’s startups in 36 equity deals, representing 20 percent more money and more than 50 percent more deals than Bay State startup companies saw in November. And November venture funding-22 deals worth $186 million-was nothing to scoff … Continue reading “Venture Investors Spread Holiday Cheer to Mass. Startups in December: Companies Wrap Up $224 Million in Funding”
Dealer.com Secures $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=557c1e81-f925-4ba1-869d-ee75c52b8cfc&Preview=1 Date 1/15/2010 Company Name Dealer.com Mailing Address 1 Howard St Burlington, VT 05401 Company Description Dealer.com is the global leader in online marketing solutions for the automotive industry, providing award winning e-marketing solutions to auto dealers, OEM’s and media companies. More dealerships use the Dealer.com platform than any other platform in … Continue reading “Dealer.com Secures $5,000,000 New Financing Round”
Gryphon Networks Adds $7 Million
Gryphon Networks, a Norwood, MA, telecommunications and marketing services company, raised $7 million in a Series C venture funding round, according to an SEC filing. The funds come from Waltham, MA-based Symmetric Capital and include a combination of cash and stock from Gryphon’s Series A and Series B rounds, says Gryphon CFO Eric Bornhofft. The … Continue reading “Gryphon Networks Adds $7 Million”
A123 to Invest $23M in Fisker and Supply Batteries for Company’s Hybrid Car
A123Systems, a Watertown, MA-based battery maker, announced today it will invest up to $23 million in Irvine, CA startup Fisker Automotive, in addition to supplying the batteries for the company’s luxury hybrid car, due to launch in late 2010. Fisker’s Karma Plug-in Hybrid Electric Vehicle (PHEV) has a range of 50 full-electric miles on a single … Continue reading “A123 to Invest $23M in Fisker and Supply Batteries for Company’s Hybrid Car”
Segway Business Shifting Gears with Ownership and Management Changes
Segway, the maker of two-wheeled transporters of the same name, has been sold through a merger with a UK holding company for an undisclosed sum, and the firm’s CEO, Jim Norrod, has stepped down from his post after nearly five years in that role, a company spokesman confirmed today. Reports about the action at Segway … Continue reading “Segway Business Shifting Gears with Ownership and Management Changes”
CitySquares Acquires Yokel
CitySquares Online, a 5-year-old Boston startup that operates a network of hyperlocal online business directories, said in a news release yesterday that it has acquired Yokel.com, another Boston startup specializing in local product search. Terms of the deal weren’t disclosed. “This deal was a ‘your chocolate in my peanut butter’ moment for CitySquares,” said CitySquares … Continue reading “CitySquares Acquires Yokel”
Oneforty Opens Twitter App Store for Business, Details Funding from Boston, Seattle, and Bay Area Investors
Starting today, developers of Twitter applications who list their apps at oneforty, the burgeoning Twitter app directory based in Boston’s Brighton neighborhood, can also sell their apps directly to oneforty visitors. That makes oneforty into the first true Twitter app store—a development that could help stimulate the growth of a substantial marketplace for applications related … Continue reading “Oneforty Opens Twitter App Store for Business, Details Funding from Boston, Seattle, and Bay Area Investors”
Fina Technologies Aiming to Build Smarter Computer Models for Wall Street
Wall Street is no stranger to computer models, which have been used for more than a decade by fund managers and traders to beat the market. But many of the models developed by the so-called “quants” have proved insufficiently prescient—they didn’t do a very good job, for example, of predicting the subprime mortgage crisis. Using … Continue reading “Fina Technologies Aiming to Build Smarter Computer Models for Wall Street”
Route 128 vs. Silicon Valley: Stop the Noize!
[Updated and corrected, May 9, 2011–see below] We just came back from spending a week with 95 MIT students in Silicon Valley drinking from the West Coast Fire Hose of Entrepreneurship. Our theme was “East meets West: The Unification Study Tour.” For us, the theme worked well. But some of those out west, as well … Continue reading “Route 128 vs. Silicon Valley: Stop the Noize!”
Genomic Advances of the 2000s Will Demand an Informatics Revolution in the 2010s
We have witnessed some of most striking technological and scientific innovations in humankind during the first decade of the new millennium. While such claims perhaps seem cliché in an age where the media constantly report on new findings that really do not warrant our full attention, several discoveries and innovations in the recent history of … Continue reading “Genomic Advances of the 2000s Will Demand an Informatics Revolution in the 2010s”
Gryphon Networks Garners $7,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a0810d19-0d4d-43dc-9cf8-3e74801beac1&Preview=1 Date 1/14/2010 Company Name Gryphon Networks Mailing Address 249 Vanderbilt Ave Norwood, MA 02062 Company Description Gryphon Networks is the worldwide leader in Contact Governance solutions, turning consumer contact preferences, compliance policies and corporate governance into safe and profitable consumer contacts. Our solutions enable our clients to safely acquire customers amid … Continue reading “Gryphon Networks Garners $7,000,000 Series C Funding”
Net Neutrality: The Story of The Seven Pipes
Today at 4:30 at the Media Lab’s Bartos Theatre, the FCC will hold a public workshop to discuss net neutrality policy. What is the importance of net neutrality to the innovation community? We can learn a great deal about this by examining the stories of the seven pipes going into most American homes. Most homes … Continue reading “Net Neutrality: The Story of The Seven Pipes”
Qteros Switches CEOs to Accelerate Progress, New Chief Says
Qteros, the Marlborough, MA-based developer of cellulosic ethanol technology, has brought on industry veteran John McCarthy as CEO and bid adieu to former chief executive Bill Frey. The company announced McCarthy’s appointment this morning. McCarthy, who joined the startup last week, was the executive vice president at Cambridge, MA-based cellulosic ethanol developer Verenium (NASDAQ:[[ticker:VRNM]]). He … Continue reading “Qteros Switches CEOs to Accelerate Progress, New Chief Says”
Excel Venture Management, Starting With Clean Slate, Shows Early Returns on Broad Vision
All year long, I listened to venture capitalists talk about the steady decline their industry is facing. Returns in a number of sectors just aren’t there anymore to justify the risk. Big pension funds and endowments that provide the fuel for innovative VC-backed companies are still licking their wounds from the downturn, and looking for … Continue reading “Excel Venture Management, Starting With Clean Slate, Shows Early Returns on Broad Vision”
Life Image Closes $2.2M Round
Life Image, a Newton, MA-based provider of software that enables doctors to share radiology images with colleagues around the globe via cloud-based in-boxes, has closed a $2.2 million round of financing, according to an SEC filing. Company CEO Hamid Tabatabaie told Xconomy last month that he had gained commitments for this financing. The investors in … Continue reading “Life Image Closes $2.2M Round”
Unica Buys Pivotal Veracity
Marketing software provider Unica (NASDAQ: [[ticker:UNCA]]) of Waltham, MA, has acquired Pivotal Veracity of Phoenix, AZ, and Bradenton, FL, for $17.8 million in cash, according to an announcement today. Pivotal Veracity makes software that helps to ensure that marketing e-mails look the same across multiple devices and e-mail clients, and that they reach their intended … Continue reading “Unica Buys Pivotal Veracity”
Prysm Hopes Laser-Driven Screens Will Outshine LCD, LED Displays
If you’re seeing electronic displays on every wall, window, billboard, and passing dirigible, it’s a sure sign that you’re stuck in a science-fiction movie. While a few real-world destinations like New York’s Times Square and Tokyo’s Ginza district are plastered with outdoor displays, such technology is still too expensive and electricity-hogging to put everywhere. But … Continue reading “Prysm Hopes Laser-Driven Screens Will Outshine LCD, LED Displays”
Genzyme Reaches Agreement with Activist Investor, Charles River Closes Shrewsbury Lab, Lycera Comes to Cambridge, & More Boston-Area Life Sciences News
It was another crazy-busy week for New England’s life sciences firms, many of which closed small-to-medium sized venture financings. I’ll talk about those as part of Friday’s deals roundup, but in the meantime here are some of the other highlights: —Alnylam Pharmaceuticals CEO John Maraganore told Luke about his vision for the coming “RNA decade,” … Continue reading “Genzyme Reaches Agreement with Activist Investor, Charles River Closes Shrewsbury Lab, Lycera Comes to Cambridge, & More Boston-Area Life Sciences News”
Achieving New Heights in Energy Efficiency in 2010
If 2009 was the year that energy efficiency was elevated from a “nice-to-have” to a “must-have,” then 2010 will be the year that we go from talking about energy efficiency to actually doing something about it. In 2009, everyone was talking about efficiency and the impact it can have on the green economy. Remember President … Continue reading “Achieving New Heights in Energy Efficiency in 2010”
Life Image Garners $2,200,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=527944a2-ea91-4ace-9ea1-f1ac0223331e&Preview=1 Date 1/13/2010 Company Name Life Image Mailing Address One Gateway Center Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Garners $2,200,000 New Financing”
Joule Selects Texas for Ethanol Facility
Joule Biotechnologies, a Cambridge, MA-based developer of fuels and chemicals in a process that mimics photosynthesis, today confirmed a newspaper report in the Leander Ledger from last month that it is leasing property in Leander, TX, for its pilot ethanol plant. A company spokeswoman said that the lease on the property near Austin became official … Continue reading “Joule Selects Texas for Ethanol Facility”