Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80e9e087-3482-4b0c-887e-03eba217cfaa&Preview=1 Date 6/19/2009 Company Name Living Proof Inc. Mailing Address 63 Rogers Street Cambridge, ME 02142 Company Description The company is a biomaterials company. Website http://livingproof.com/ Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Fresh Capital Venture Investor Polaris … Continue reading “Living Proof Inc. Receives $9,000,000 New Funding”
Category: Boston
I-Therapeutix, Inc. Receives $15,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5d8db442-a827-429f-b08c-644eff76e46a&Preview=1 Date 6/19/2009 Company Name I-Therapeutix, Inc. Mailing Address 204 Second Avenue Waltham, MA 02451 Company Description I-Therapeutix™, Inc. is a privately held medical device company that is currently engaged in development of in situ formed hydrogel therapeutic products specifically for ophthalmology. I-Therapeutix, Inc.’s first product, I-Zip™ is expected to be the … Continue reading “I-Therapeutix, Inc. Receives $15,000,000 Series C Funding Round”
Axis Semiconductor, Inc. Obtains $1,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79e2ef5d-bbfa-49f9-9919-b17a288cfa08&Preview=1 Date 6/19/2009 Company Name Axis Semiconductor, Inc. Mailing Address 225 Cedar Hill St Marlborough, MA 01752 Company Description Axis Semiconductor, Inc. is developing an innovative solution for signal and data processing. Website http://www.axissemi.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “Axis Semiconductor, Inc. Obtains $1,000,000 New Funding”
Exact Sciences Moving to Wisconsin
Exact Sciences (NASDAQ:[[ticker:EXAS]]), a Marlborough, MA-based provider and developer of DNA tests for colorectal cancer, has garnered a $1 million loan from the state of Wisconsin and plans to relocate its headquarters from Massachusetts to Wisconsin, according to reports. News of the relocation comes three months after Exact announced that it had named a new … Continue reading “Exact Sciences Moving to Wisconsin”
Global Health Funding Booms, But Not Just From Gates, UW-Harvard Study Finds
[Updated: 7:05 pm Eastern] Wealthy donors like the Bill & Melinda Gates Foundation have helped spark a movement that has almost quadrupled financial support for global health in the past two decades, yet much of the world’s financial support is being spread unevenly, and isn’t always getting to the poorest people in the neediest countries, … Continue reading “Global Health Funding Booms, But Not Just From Gates, UW-Harvard Study Finds”
Xconomy Survey Finds Cautious Economic XSITE-ment
Ladies and gentlemen, Xconomy readers have spoken, and the view is optimistic. We posed several questions about what the coming year will bring for the economy as people registered for our June 24 Xconomy Summit on Innovation, Technology, and Entrepreneurship (XSITE). The recovery, they think, will start soon: 24 percent of the first 130 respondents … Continue reading “Xconomy Survey Finds Cautious Economic XSITE-ment”
ImmunoGen Grabs $33M in Stock Sale
ImmunoGen, the Waltham, MA-based developer of technology to make antibody drugs more potent, said today it has raised $33 million through a stock offering, after expenses. The company (NASDAQ: [[ticker:IMGN]]) sold 5 million shares at $7 apiece. Demand for ImmunoGen shares has climbed this year, after researchers presented promising clinical trial results of trastuzumab DM1, … Continue reading “ImmunoGen Grabs $33M in Stock Sale”
STEM Business Leaders Breakfast
This breakfast forum, sponsored by a coalition of Massachusetts business and technology groups, will feature a discussion on the importance of making Science, Technology, Engineering, Math (STEM) education a top priority for Massachusetts. The coalition will also release a new report that makes public policy recommendations to improve the Bay State’s global standing in science … Continue reading “STEM Business Leaders Breakfast”
A Hunky-Dory Week at Hunch—Questions and Answers with Caterina Fake, the Only “West Coasty” in a Roomful of MIT and Harvard Grads
It was a huge week for Hunch, the New York-based startup that’s experimenting with a new approach to answering life’s big and little questions—from “Which savings account should I use?” to “Which science fiction author would I like?” After more than two months in invitation-only preview mode, the site threw open its doors to the … Continue reading “A Hunky-Dory Week at Hunch—Questions and Answers with Caterina Fake, the Only “West Coasty” in a Roomful of MIT and Harvard Grads”
Norwich Ventures Sticking to Early-Stage Medical Device Deals Amid Late-Stage Trend
On the landscape of medical devices investing, much of the venture capital herd is running for later-stage deals nowadays. Norwich Ventures, on the other hand, is holding tight to its strategy of investing in early-stage medical device companies and preferably creating startups from scratch. In fact, there are several other uncommon traits of the Waltham, … Continue reading “Norwich Ventures Sticking to Early-Stage Medical Device Deals Amid Late-Stage Trend”
XSITE Agenda Complete: Speakers and Organizations Come From All Corners of The New England Innovation Ecosystem
We are incredibly excited about XSITE 2009—The Xconomy Summit on Innovation, Technology, and Entrepreneurship happening next Wednesday at Boston University—and we are especially pumped today because we have just filled the last open speaker slot for the event. The more than 50 organizations participating in the event, listed below in alphabetical order, come from all … Continue reading “XSITE Agenda Complete: Speakers and Organizations Come From All Corners of The New England Innovation Ecosystem”
EnerNOC Gains EQuilibrium
Boston-based EnerNOC (NASDAQ: [[ticker:ENOC]]), which manages demand-response programs to moderate electrical demand for large utilities, said today that it has acquired privately held energy management software company eQuilibrium Solutions. The Boston firm’s software helps businesses monitor and minimize their carbon footprints, and will be incorporated into EnerNOC’s PowerTrak software platform, helping clients meeting existing and … Continue reading “EnerNOC Gains EQuilibrium”
Sapient Takes Nitro for $50M
Boston-based Sapient, (NASDAQ: [[ticker:SAPE]]) the IT consulting, advertising, and interactive marketing firm, said today it will acquire Nitro Group, an advertising firm that has seven offices in the Americas, Europe, and Asia and is known for its work for clients such as ConAgra, Foot Locker, Mars, Nike, and Volvo. The cash and stock transaction is … Continue reading “Sapient Takes Nitro for $50M”
Inside a Life Sciences Industry Confab: Notes from Convergence
It didn’t bother me that my attendee badge was missing from the registration booth when I arrived at Convergence: The Life Sciences Leaders Forum in Newport, RI, last week. I suspect it was stolen by the same conference gremlins who bilked my badge at the NVCA annual meeting this spring, the 2007 BIO meeting in … Continue reading “Inside a Life Sciences Industry Confab: Notes from Convergence”
Merck and Roche Back Adimab, Viral Contamination Closes Genzyme Plant, Interlace Ties on $20.5M, & More Boston-Area Life Sciences News
Three big pharmaceutical firms partnered with two New England life sciences companies this past week, and one ended a partnership. —Ryan learned that some 60 of the 240 people who were employed by Lexington, MA-based Indevus Pharmaceuticals when it was acquired for $370 million by Endo Pharmaceuticals in March will be laid off. Chadds Ford, … Continue reading “Merck and Roche Back Adimab, Viral Contamination Closes Genzyme Plant, Interlace Ties on $20.5M, & More Boston-Area Life Sciences News”
And the Winner Is…New England Innovation, at the MITX Technology Awards
The Massachusetts Innovation and Technology Exchange, an organization of 7,500 New England professionals in the Internet and digital marketing and advertising fields, handed out its yearly Technology Awards for the sixth time last night. Meant to celebrate the local companies who are bringing the most innovative technologies to bear on real business problems, the awards … Continue reading “And the Winner Is…New England Innovation, at the MITX Technology Awards”
Beaumaris Networks Raises $5.3M
According to regulatory documents filed today, Waltham, MA-based Charles River Ventures has handed over $5.3 million out of a planned $6.8 million Series A venture round for Beaumaris Networks. The documents, filed with the Securities and Exchange Commission, list the Waltham-based stealth-mode startup as a telecommunications company. The company’s president and CEO, Conrad Clemson, is … Continue reading “Beaumaris Networks Raises $5.3M”
Understanding D&O Insurance and Indemnification Agreements
The Capital Network hosts a lunch talk led by New England insurance group Mason and Mason, aimed at officers and directors of companies. TCN COO Michelle Hipwood writes: “It is critical that company officers and directors pay close attention to what D&O insurance and indemnification agreements are in place for their protection. At this session, … Continue reading “Understanding D&O Insurance and Indemnification Agreements”
Understanding the Dilution Impact of Early Stage Investment
The Capital Network is sponsoring this lunch talk, which COO Michelle Hipwood writes will “help you build your own capitalization table in a simple but powerful spreadsheet format and will then explain, in detail, how to use this tool to understand the dilutive impact of stock options, restricted stock, early stage angel or venture capital … Continue reading “Understanding the Dilution Impact of Early Stage Investment”
Providence Geek Dinner @AS220
If you’re in Rhode Island on June 17th and of the geeky persuasion, head over to Empire Street in downtown Providence for a night of food, drinks, and machinations. Providence Geeks is hosting its monthly dinner in conjunction with AS220 Labs, the “tech arm” of the Providence artists’ collective. Jack Templin from Providence Geeks writes, … Continue reading “Providence Geek Dinner @AS220”
DDUP Rejects EMC, Suit Filed
The board of directors at Santa Clara, CA-based Data Domain (NASDAQ: [[ticker:DDUP]]) yesterday recommended that shareholders reject a $1.8 billion, $30-per-share cash tender offer from Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]). The board of the data deduplication software company stuck to its earlier decision to pursue a merger with Sunnyvale, CA-based NetApp (NASDAQ: [[ticker:NTAP]]), which is … Continue reading “DDUP Rejects EMC, Suit Filed”
E Ink Investors May Try to Block Sale to Taiwanese Firm, Keep Company Independent
A group of E Ink investors with concerns about Prime View International’s move earlier this month to purchase the Cambridge, MA-based e-paper display company will likely try to prevent the sale when it comes up for a shareholder vote, according to a source familiar with the company. E Ink has roughly 100 separate shareholders; it’s … Continue reading “E Ink Investors May Try to Block Sale to Taiwanese Firm, Keep Company Independent”
Mass High Tech Goes Biweekly
New England technology and business newspaper Mass High Tech is moving from a weekly to a biweekly print publishing schedule effective in September, publisher Michael Olivieri said yesterday. The Boston Globe reported that MHT laid off four employees in the restructuring, which will see the paper shift from 24 pages a week to 32 pages … Continue reading “Mass High Tech Goes Biweekly”
Genzyme Halts Production at Allston Drug Plant After Virus Appears
[Updated: 12:45 pm Eastern] Bad news out of Genzyme this morning. The Cambridge, MA-based biotech company (NASDAQ: [[ticker:GENZ]]), the world’s largest maker of treatments for rare genetic diseases, said today it is shutting down production at one of its major drug manufacturing plants in Allston, MA after it found a virus that impairs cell growth. … Continue reading “Genzyme Halts Production at Allston Drug Plant After Virus Appears”
LogMeIn Hopes to Raise Up to $80 Million in IPO
LogMeIn, the Woburn, MA-based startup that makes software for controlling PCs and other devices remotely, today filed updated registration documents with the Securities and Exchange Commission revealing how much stock it hopes to sell in its planned initial public offering, and at what price. The company plans to offer 5 million shares of common stock … Continue reading “LogMeIn Hopes to Raise Up to $80 Million in IPO”
Adimab Strikes Antibody-Discovery Deals with Merck and Roche
Tillman Gerngross is wont to say that the antibody-drug discovery technology his biotech startup, Adimab, is developing is a game-changer. Now it looks like two of the largest drug companies in the world might agree—Lebanon, NH-based Adimab plans to announce today that Merck & Co. and Roche have signed on as its first research collaborators. … Continue reading “Adimab Strikes Antibody-Discovery Deals with Merck and Roche”
WiTricity Charges Up For Electric Vehicle Market
Imagine that after a long day on the road, you drive your new electric car into your garage, the battery almost drained. But you don’t worry about running a cord to the charging station and plugging into your vehicle—the garage takes care of recharging for you, without you doing a thing. When you leave for … Continue reading “WiTricity Charges Up For Electric Vehicle Market”
Boston Venture Firms Dominate New Mentoring Program for New York Startups
If you want to build a program to nurture early-stage startups in New York City through regular meetings with investors, legal and financial advisors, and experienced CEOs, where do you turn for mentors and sponsors? To Boston, naturally. Of the 11 founding members of the new First Growth Venture Network, five—Battery Ventures, Charles River Ventures, … Continue reading “Boston Venture Firms Dominate New Mentoring Program for New York Startups”
Beaumaris Networks Inc Obtains $5,300,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20213550-9afd-4253-acb7-b21f9145b9da&Preview=1 Date 6/16/2009 Company Name Beaumaris Networks Inc Mailing Address 1000 Winter Street Waltham, MA 02451 Company Description Beaumaris Networks Inc is a Waltham MA as a telecommunications company. Website http://www.bninet.tv Transaction Type Venture Equity Transaction Amount $5,300,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Beaumaris Networks Inc Obtains $5,300,000 Series A Funding”
Interlace Sews Up $20.5M Series C Round
Framingham, MA-based Interlace Medical, which develops medical devices for gynecologists, announced today it has raised $20.5 million in Series C funding. The round was led by Baird Venture Partners and HLM Venture Partners and included new investors Hambrecht & Quist Capital Management and Aperture Venture Partners. Previous backers New Leaf Venture Partners and Spray Venture … Continue reading “Interlace Sews Up $20.5M Series C Round”
Cambridge Biosafety Regulation Public Hearing
The Cambridge Public Health Department is holding a public hearing on a proposed addendum to current biosafety regulations. The new policies will “extend current Public Health oversight beyond rDNA work to include biological work using naturally occurring (“wild type”) and potential pathogenic organisms that would require BSL-3 containment or have been designated as Select Agents … Continue reading “Cambridge Biosafety Regulation Public Hearing”
Flagship Ventures Taps Carbeck to Work on Hush-Hush Startup Project
Jeff Carbeck, a co-founder of Boston-area startups Arsenal Medical and Nano-Terra, has recently begun working with Flagship Ventures as a consultant on a confidential startup project, firm spokeswoman Kelly Friendly tells Xconomy. Friendly says she’s unable to provide details about the startup project on which the former Princeton professor is working. Carbeck also declined to … Continue reading “Flagship Ventures Taps Carbeck to Work on Hush-Hush Startup Project”
Novell To Buy Back $122M in Debt
In a tender offer registered today with the Securities and Exchange Commission, Waltham, MA-based network software maker Novell said it will buy back up to $121.6 million in convertible debt notes from the debt holders. The one-for-one offer, which commences June 15 and expires July 14, covers 0.50 percent convertible senior debentures due in 2024, … Continue reading “Novell To Buy Back $122M in Debt”
Novartis Backing Enlight Biosciences
Swiss drug giant Novartis has joined a cadre of big pharmaceutical companies that are supporting Boston-based Enlight Biosciences, a startup focused on developing technologies to improve drug discovery and development efforts, Enlight founding CEO David Steinberg confirmed. Enlight has also recruited another unnamed large pharma firm into the group recently, says Steinberg, but he wouldn’t … Continue reading “Novartis Backing Enlight Biosciences”
Glaxo Ends Synta Partnership
GlaxoSmithKline has pulled out of a collaboration with Lexington, MA-based Synta Pharmaceuticals (NASDAQ: [[ticker:SNTA]) to co-develop elesclomol as a cancer treatment. The drug failed earlier this year in a pivotal clinical trial among patients with melanoma that had spread through the body. Synta is now focusing its resources on other drugs in its portfolio, including … Continue reading “Glaxo Ends Synta Partnership”
EMC May Raise DDUP Bid
Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]) is prepared to raise its bid for Santa Clara, CA-based Data Domain (NASDAQ: [[ticker:DDUP]]) from $30 per share to as much as $35 in order to outbid rival NetApp (NASDAQ: [[ticker:NTAP]]), Reuters reported on Friday, citing unnamed sources. The board of Data Domain, whose software is used to reduce storage … Continue reading “EMC May Raise DDUP Bid”
Getting Better Answers Faster: Providence Software Startup Dynadec Goes Way Beyond the Traveling Salesman Problem
Say you’re running an oil company and you operate dozens of offshore drilling platforms. You have a fleet of gas-guzzling helicopters to transport the hundreds of technicians who commute every day from the shore to their rig or from one rig to another—but the numbers traveling and their destinations change every day depending on what … Continue reading “Getting Better Answers Faster: Providence Software Startup Dynadec Goes Way Beyond the Traveling Salesman Problem”
High Tech for a Historic City—A 21-Year-Old Web Entrepreneur’s View of the Big Computing Center Planned for His Home Town
Civic leaders, economic visionaries, and passionate residents often claim that their city is the next to rebound. I say with confidence that my city is next in line for metamorphosis. Some find their new meaning through the arts and other organic movements, but in most recent accounts, it seems, a few deserving cities are staged … Continue reading “High Tech for a Historic City—A 21-Year-Old Web Entrepreneur’s View of the Big Computing Center Planned for His Home Town”
Interlace Medical Inc Obtains $20,500,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ea73d3a-5d8b-4883-b46c-7a1b8d3d79c0&Preview=1 Date 6/15/2009 Company Name Interlace Medical Inc Mailing Address 139 Newbury Street Framingham, MA 01701 Company Description Interlace’s mission is to improve the lives of women by delivering the most advanced medical devices in the world for treating gynecological diseases and conditions.Organized in 2006, Interlace Medical, Inc. is focused on designing … Continue reading “Interlace Medical Inc Obtains $20,500,000 Series C Funding Round”
BigBelly Strikes Big Agreement with Waste Management
If you’re a company that makes high-tech public waste bins and you’re looking for a partner to get them distributed nationally, there aren’t many bigger than Waste Management (NYSE: [[ticker:WMI]]), the Houston, TX-based waste hauler and environmental services company with more than 20 million commercial, residential, municipal, and industrial customers in North America. That’s why … Continue reading “BigBelly Strikes Big Agreement with Waste Management”
Exact Sciences Raises $8.2M
In a private placement of stock, Marlborough, MA-based Exact Science (NASDAQ: [[ticker:EXAS]]) has raised $8.2 in new funding, according to an announcement today. The company, which has developed a molecular screening test for colorectal cancer, also said it has licensed technology developed by cancer researcher David Ahlquist at the Mayo Clinic covering aspects of sample … Continue reading “Exact Sciences Raises $8.2M”
Innovation A-Brewin’ At The XSITE Pre-Party
Two weeks before the best damn innovation conference on either side of the Charles, Xconomy and friends flocked to the Cambridge Brewing Company Wednesday night, and Kendall Square was awash in a spirit of brotherhood and appreciation of innovation. Incidentally, there was plenty of beer. Judging by the levels in the taps (and glasses), the … Continue reading “Innovation A-Brewin’ At The XSITE Pre-Party”
Partners HealthCare to Spin Off Startup Offering Web-based Health-Monitoring Services, Seeks CEO and Investors
Partners HealthCare System, the largest hospital group in Boston, is launching a startup that will commercialize a health self-monitoring system developed by Partners’ Center for Connected Health, Xconomy has learned. The planned launch of the company follows a successful pilot trial of its initial Web-based service, called SmartBeat, which allows workers to report and track … Continue reading “Partners HealthCare to Spin Off Startup Offering Web-based Health-Monitoring Services, Seeks CEO and Investors”
Aileron Piles on $40M, GenArts Lights Up Lucasfilm’s Screens, Taris Takes on $15M, & More Boston-Area Deals News
Deal flow was on the slow side this past week, but there was at least one whopper of a transaction, namely… —Aileron Therapeutics, the Cambridge, MA-based developer of a new class of drugs called “stapled peptides,” raised $40 million in venture capital, bringing its total raised to date to about $61 million. The new round … Continue reading “Aileron Piles on $40M, GenArts Lights Up Lucasfilm’s Screens, Taris Takes on $15M, & More Boston-Area Deals News”
German Web 2.0 Clothing Retailer Spreadshirt Finds Boston Fits It to a T
When you’re a technology reporter and you stumble across the same startup two or three times in quick succession, it’s the journalism gods telling you to write a story. I first stumbled across Spreadshirt on Tax Day, April 15. (As I’d later learn, the Leipzig, Germany-based startup has been famous among Web-savvy fashionistas for years, … Continue reading “German Web 2.0 Clothing Retailer Spreadshirt Finds Boston Fits It to a T”
Exact Science Secures $8,200,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83a5f970-159e-4d6b-bf21-b3e4d2c76825&Preview=1 Date 6/12/2009 Company Name Exact Science Mailing Address Undisclosed Marlborough, MA 01752 Company Description The company, which has developed a molecular screening test for colorectal cancer, also said it has licensed technology developed by cancer researcher David Ahlquist at the Mayo Clinic covering aspects of sample processing and data analysis related … Continue reading “Exact Science Secures $8,200,000 New Financing Round”
Going Goes to AOL
AOL, the New York-based Internet portal company soon to be spun off by Time Warner, said today that it has acquired Going, a Boston startup that publishes an online guide to nightlife, music, and cultural events in Boston and 29 other U.S. cities. The purchase is part of a strategy at AOL to invest in … Continue reading “Going Goes to AOL”
Beacon Power Gets $2M from NY
Beacon Power (NASDAQ: [[ticker:BCON]]), a Tyngsboro, MA, company that makes flywheel-based systems that help to smooth out power supplies on the electrical grid, said today that it has won a tentative contract award worth up to $2 million from the New York State Energy Research and Development Authority, a state agency in New York charged … Continue reading “Beacon Power Gets $2M from NY”
DIGMA Aims To Boost Bay State’s Design Economy
Design isn’t just about deciding which shade of taupe to paint City Hall or whether to make a water bottle square or round. It can mean the difference between comprehension (think iPhone) and confusion (think butterfly ballot). A new multidisciplinary organization launched yesterday is out to promote the importance of the Bay State’s design industries, … Continue reading “DIGMA Aims To Boost Bay State’s Design Economy”
Hull Turbine Tour
The answer, my friend, is blowin’ in the wind. At least that’s true if the question is “Where can I learn about local innovations in clean energy?” Action for Clean Energy is holding their Third Annual Boston Harbor cruise to Hull aboard the Island Expedition for a guided tour of Hull Wind I, a 660-kilowatt … Continue reading “Hull Turbine Tour”