Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd590efd-12fc-455d-9ee4-91646008315b&Preview=1 Date 2/17/2011 Company Name Sermo Mailing Address 215 First Street Cambridge, MA 02142 Company Description The company operates as an online aggregator of medical information. Website http://www.sermo.com Transaction Type Debt Transaction Amount $3,500,000 Transaction Round Undisclosed Proceeds Purposes The financing, part of a larger $5 million facility for Sermo, will allow … Continue reading “Sermo Obtains $3,500,000 New Financing Round”
Fisker Automotive Lands $71,920,754 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e7ddc8e9-be65-421a-b31e-627685323718&Preview=1 Date 2/17/2011 Company Name Fisker Automotive Mailing Address 19 Corporate Park Irvine, CA 92606 Company Description The concept was created between two independent companies who clearly wanted to make a difference in not only the automotive industry, but to the environment as well. Website http://www.fiskerautomotive.com Transaction Type Venture Equity Transaction Amount … Continue reading “Fisker Automotive Lands $71,920,754 New Round”
TuneUp Media Garners $2,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6f8f90e7-0b9d-462f-b4d5-404137150555&Preview=1 Date 2/17/2011 Company Name TuneUp Media Mailing Address 1661 Tennessee Street San Francisco, CA 94107-3573 Company Description The company develops software for music management and music discovery solutions. Website http://www.tuneupmedia.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “TuneUp Media Garners $2,000,000 Series C Round”
InMage Systems Secures $1,889,008 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48790000-d035-48f7-a910-99a6e3efd568&Preview=1 Date 2/17/2011 Company Name InMage Systems Mailing Address 3255-1 Scott Blvd Santa Clara, CA 95054 Company Description InMage was founded to improve upon previous business continuity measures that relied on decades-old approaches. Our mission is to ensure that business-critical data is always available, locally and/or at remote sites, in a cost-effective, … Continue reading “InMage Systems Secures $1,889,008 New Funding”
Dynamic Signal Lands $7,999,970 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=abbb87b1-c681-4380-a4e2-b40678774865&Preview=1 Date 2/17/2011 Company Name Dynamic Signal Mailing Address 1111 Bayhill Dr. San Bruno, CA 94066 Company Description The company is developing enterprise social and owned media technologies. Website http://www.dynamicsignal.com Transaction Type Venture Equity Transaction Amount $7,999,970 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “Dynamic Signal Lands $7,999,970 New Funding Round”
ccLoop Secures $3,500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a126abbb-dded-4f63-a22b-e3cc23b36f6e&Preview=1 Date 2/17/2011 Company Name ccLoop Mailing Address 39 Mesa St. San Francisco, CA 94129 Company Description We at ccLoop are passionate about solving your email problem with a solution that is powerful yet simple to use. We don’t ask you to download anything, learn anything, or change anything Website http://www.ccloop.com Transaction … Continue reading “ccLoop Secures $3,500,000 New Financing Round”
Campus Dibs Secures $450,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d93b1bf8-3d3d-4fe7-9cd4-b39bf373251d&Preview=1 Date 2/17/2011 Company Name Campus Dibs Mailing Address 475 Park Ave. S. Fourth Floor New York, NY 10016 Company Description The company offers an online service that enables group buying opportunities for college students. Website http://www.campusdibs.com Transaction Type Venture Equity Transaction Amount $450,000 Transaction Round Undisclosed Proceeds Purposes The team hopes … Continue reading “Campus Dibs Secures $450,000 New Funding”
Concur Taps TripIt as Mobile Front Door
Concur Technologies is putting its new acquisition in the spotlight, announcing today that TripIt‘s travel logistics service will become the key mobile platform for Concur clients. Redmond-based Concur (NASDAQ: [[ticker:CNQR]]), whose software helps big companies track travel and other expenses, bought TripIt last month for up to $120 million. Concur is sticking with a pledge to keep … Continue reading “Concur Taps TripIt as Mobile Front Door”
Michigan’s Angel Investment Tax Credit: Take Two
Let’s do this again. This week, Michigan rolled out Angel 2.0, a three-year, $27 million effort to encourage wealthy individuals to fund promising high startups in the state. “This is a huge deal,” says Paul Brown, vice president of capital markets for the Michigan Economic Development Corp. who’s supervising the program. “Angels had been advocating … Continue reading “Michigan’s Angel Investment Tax Credit: Take Two”
PAX East “Made in MA” Party 2011
This party will celebrate the gaming industry in Massachusetts, as PAX heads to the East Coast for the second year. SIgn up here for this networking evening event.
2011 MassTLC Annual Meeting: Winning the Future: People, Capital, Infrastructure & Innovation
This panel will feature economists from across the country to discuss federal policy implications on innovation in Massachusetts. Register here for this one.
Web Innovators Group 29
This regular, informal gathering spotlighting Web and mobile technology meets again. Check back on which companies will be making big pitches to the audience, and which ones will showcase throughout the venue. Register here
Managing Research as an Investment Portfolio: Lessons from PARC
As part of its transformation from an internal research center to a commercial business, PARC has needed to innovate its business practices, as well as its research and technology. How do we balance the seemingly conflicting goals of long-term research vs. short-term profits, of creating breakthrough innovations vs. providing client services, of diversifying research into many markets vs. developing critical mass in just … Continue reading “Managing Research as an Investment Portfolio: Lessons from PARC”
Aveo Pharma Lands $1.4B Deal with Astellas, A Few Months Ahead of Cancer Trial Result
Aveo Pharmaceuticals has beefed up its cash coffers as it heads into the home stretch of a vitally important clinical test of its lead anti-cancer drug. The Cambridge, MA-based biotech company (NASDAQ:[[ticker:AVEO]]) has struck its largest deal ever with the major Japanese drugmaker Astellas Pharma. Tokyo-based Astellas is paying Aveo $125 million initially (composed of … Continue reading “Aveo Pharma Lands $1.4B Deal with Astellas, A Few Months Ahead of Cancer Trial Result”
MIT Enterprise Forum NW: Mix & Mingle
An evening of networking at the Pyramid Alehouse aimed at entrepreneurs, students, volunteers, MITEF NW leaders, and friends. More info and registration here.
MIT Enterprise Forum NW: The Internet of Things
MIT Enterprise Forum of the Northwest examines what the intersection of sensors, data, and Internet connectivity means for business and personal privacy. Speakers include Streetline CEO Zia Yusuf, Stefan Weitz of Microsoft, Scott Sedlik of Inrix, and Joshua Smith of UW. Moderated by The Seattle Times’ Brier Dudley. More info and registration here.
Meet the Angels: MIT Enterprise Forum of the Northwest
MIT Enterprise Forum’s “Meet the Angels” is an annual event gives entrepreneurs and investors a chance to meet with angel investors from Alliance of Angels, Bellingham Angel Group, Keiretsu Forum, Puget Sound Venture Club, Seraph Capital, Tacoma Angel Network, and Zino Society. Panel moderated by panel moderated by Rebecca Lovell, Executive Director at NWEN. For … Continue reading “Meet the Angels: MIT Enterprise Forum of the Northwest”
Wetpaint’s Fast-Twitch TV Gossip Grabs 2M Uniques, New Ad Deal With Alloy Digital Network
Seattle-based Wetpaint Entertainment, the social media-obsessed hive of TV fansites, is boasting a big jump in traffic and a new advertising deal to help it capitalize on a coveted demographic. Founder and CEO Ben Elowitz says Wetpaint Entertainment’s sites reached more than 2 million unique users last month, better than double the traffic from December. … Continue reading “Wetpaint’s Fast-Twitch TV Gossip Grabs 2M Uniques, New Ad Deal With Alloy Digital Network”
Crocodoc Rolls Out Embeddable HTML5 Document Viewer; YC Startup Wants to Be “The New Adobe of the Web,” Sans Flash
If you’re a Web geek, you know all about the death match between Flash and HTML5. Even if you’re not, you’ve probably heard at least in passing about the controversy over Adobe’s proprietary video and animation platform, and how Apple won’t provide support for Flash videos on its mobile devices, and how Steve Jobs and … Continue reading “Crocodoc Rolls Out Embeddable HTML5 Document Viewer; YC Startup Wants to Be “The New Adobe of the Web,” Sans Flash”
Constant Contact Pays $15M For Bantam Live
Waltham, MA-based online marketing technology firm Constant Contact (NASDAQ: [[ticker:CTCT]]) announced today that it has acquired Bantam Live, a New York-based social customer relationship management technology provider owned by Bantam Networks, for $15 million in cash. The acquisition, which closed on February 15, will enable Constant Contact to create a unified repository of data across … Continue reading “Constant Contact Pays $15M For Bantam Live”
Versartis Grabs $21M
Mountain View, CA-based Versartis, the developer of protein drugs for endocrine disorders, said today it has raised $21 million in its Series B financing. The deal was led by New Leaf Venture Partners and Advent Venture Partners’ Advent Life Sciences fund, and included existing investors Index Ventures and Amunix. The company plans to use the … Continue reading “Versartis Grabs $21M”
Mass Customization, Mystery Developers, and Men’s Shirts: Blank Label Returns to Boston
Think you know what a virtual company is? Try having never seen your chief technology officer’s face. Now that’s a virtual company. It’s just one of the quirky things about Blank Label, a “mass customization” startup focused on letting consumers design their own dress shirts from a variety of fabrics and styles. In December 2009, … Continue reading “Mass Customization, Mystery Developers, and Men’s Shirts: Blank Label Returns to Boston”
1000memories, With $2.5M from Greylock and Big-Name Angels, Explores New Ways to Capture Online Memories of the Deceased
Most Silicon Valley startups with the good fortune to line up $2.5 million in Series A venture backing from a blue-chip venture firm like Greylock Partners and famous investors like Ron Conway and Mike Maples would immediately be shouting the news from the rooftops. But the founders at online memorial site 1000memories say they were … Continue reading “1000memories, With $2.5M from Greylock and Big-Name Angels, Explores New Ways to Capture Online Memories of the Deceased”
Genzyme, After Months of Holding Out, Agrees to be Sold to Sanofi-Aventis for $20.1B
It’s been a long time coming, but the sale of Genzyme, the Cambridge, MA-based biotech company, to pharma giant Sanofi-Aventis for $20.1 billion marks a landmark moment in the biotech industry here in Boston and beyond. The deal puts Genzyme, the largest biotech company in Massachusetts, and the fate of 10,000 employees in new hands … Continue reading “Genzyme, After Months of Holding Out, Agrees to be Sold to Sanofi-Aventis for $20.1B”
Green IT: Boston’s Mini-Cluster of Companies Using Hardware, Software, and Web Information Technology to Lower Consumer Energy Usage
The Boston area gets plenty of attention for the software, Web, hardware, and mobile firms it serves as home to. It also has a crop of companies working on renewable energy and efficient battery technology. But it turns out those IT and energy areas aren’t mutually exclusive, as there’s a growing cluster of companies who … Continue reading “Green IT: Boston’s Mini-Cluster of Companies Using Hardware, Software, and Web Information Technology to Lower Consumer Energy Usage”
EcoATM Raises $14.4M for Mass Production of Electronics Recycling Kiosks
EcoATM, the San Diego startup developing automated kiosks for recycling cell phones and other devices, says it has raised a total of $14.4 million in preferred equity and venture debt financing, which the company plans to use to fund commercial manufacturing of its final kiosk design. The Series A venture round was led by Bellevue, … Continue reading “EcoATM Raises $14.4M for Mass Production of Electronics Recycling Kiosks”
Doxo, Aspiring to Become Grand Central for Online Billing, Nabs $10M
Seattle-based “digital file cabinet” service doxo, which wants to torch that stack of paper bills you get every month, is out with a pretty nice one-two punch today. They’ve landed a significant partner in Puget Sound Energy, the largest electric and natural gas utility in the Puget Sound region, along with a $10 million venture … Continue reading “Doxo, Aspiring to Become Grand Central for Online Billing, Nabs $10M”
HP Snaps Up Vertica, TechStars Bags $500K, Skyhook Partners With Intel and Citysearch, & More Boston-Area Deals News
Software, tech, and stealth dominated the week’s deals news. —TechStars Boston, the startup incubator program, raised about a quarter of a planned $2 million funding round. If completed, the round will reportedly support the program through 2014. —Palo Alto, CA-based Hewlett-Packard (NYSE: [[ticker:HPQ]]) acquired Vertica, the Billerica, MA-based database management and analytics software firm, for … Continue reading “HP Snaps Up Vertica, TechStars Bags $500K, Skyhook Partners With Intel and Citysearch, & More Boston-Area Deals News”
ExaGrid Systems Receives $10,599,998 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=939ae2bd-ff0e-4f75-843c-77bc103ee757&Preview=1 Date 2/16/2011 Company Name ExaGrid Systems Mailing Address 2000 West Park Drive Westborough, MA 01581 Company Description ExaGrid Systems, an innovator in Self-Protecting Storage, provides the industry’s most comprehensive integrated storage and data protection solutions. Website http://www.exagrid.com Transaction Type Venture Equity Transaction Amount $10,599,998 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “ExaGrid Systems Receives $10,599,998 New Financing Round”
Doxo Receives $10,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5f335902-0aa1-446d-a315-bdd94716e53a&Preview=1 Date 2/16/2011 Company Name Doxo Mailing Address 308 Occidental Ave. S. Seattle, WA 98104 Company Description doxo is developing an doxo is pioneering the way for people and providers to connect and go paperfree, breaking customer adoption barriers and saving businesses millions of dollars in printing, paper, and postage costs. Website … Continue reading “Doxo Receives $10,000,000 Series B Financing Round”
ecoATM Receives $14,400,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=27e4f1d7-d545-4b8d-b9ac-8ae629d52627&Preview=1 Date 2/16/2011 Company Name ecoATM Mailing Address 10515 Vista Sorrento Parkway San Diego, CA 92121 Company Description Solving the eWaste problem on a broad scale requires the collaboration of the OEM’s that make the devices, the retailers that sell them, and the consumers that buy and retire them. Website http://www.ecoatm.com Transaction … Continue reading “ecoATM Receives $14,400,000 Series A Financing Round”
Versartis Obtains $21,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8014cbf6-b7cd-47b5-ad14-53d1f99f3349&Preview=1 Date 2/16/2011 Company Name Versartis Mailing Address 500 Ellis Street Mountain View, CA 94043 Company Description Versartis is developing new therapeutic proteins utilizing the novel half-life extension technology, XTEN. Versartis has licensed the rights to three products (VRS-826, VRS-859, and VRS-317) from Amunix. Website http://www.versartis.com Transaction Type Venture Equity Transaction Amount … Continue reading “Versartis Obtains $21,000,000 Series B Financing Round”
Diartis Pharmaceuticals Receives New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=259b1db1-9e11-460c-8996-b47f9f642665&Preview=1 Date 2/16/2011 Company Name Diartis Pharmaceuticals Mailing Address 500 Ellis St. Mountain View, CA 94043 Company Description Diartis is a biotechnology company founded to develop therapeutics for the treatment of metabolic diseases that address both significant unmet medical needs as well as large market opportunities. Website http://www.diartispharma.com Transaction Type Venture Equity … Continue reading “Diartis Pharmaceuticals Receives New Financing Round”
Constant Contact Acquires Bantam Live for $15,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4ceec433-0ef9-40c7-8bad-d4fe3b76be7d&Preview=1 Date 2/16/2011 Company Name Bantam Live Mailing Address 270 Lafayette St. New York, NY 10012 Company Description The company provides an online service that enables businesses to better connect with their customers on social networks. Website http://www.bantamlive.com Transaction Type M&A Transaction Amount $15,000,000 Transaction Round Proceeds Purposes M&A Terms The acquisition … Continue reading “Constant Contact Acquires Bantam Live for $15,000,000”
Blue Sky Network Finds Markets Beyond Aviation for Satellite-Based Technology
Jon Gilbert says when he started the Blue Sky Network in 2001, he saw an opportunity to combine his passion for aviation (he’s a pilot) with his experience in telematics—technology that combines communications, GPS tracking, and informatics. Gilbert had gained his experience as the CEO at Boatracs, a small San Diego company that had licensed … Continue reading “Blue Sky Network Finds Markets Beyond Aviation for Satellite-Based Technology”
Driving Value in Your MedTech Company: Successful Growth Strategies in a Competitive Environment
Is your company poised to lead, follow or get run over? Take a step back from day-to-day operations and critically examine your strategic positioning. Topics covered will include market, innovation and operational- led growth; M&A as a strategy, strategic and corporate planning & implementation, and bioscience case studies. This session will be led by experts … Continue reading “Driving Value in Your MedTech Company: Successful Growth Strategies in a Competitive Environment”
Accuri Generates Windfall for Plymouth Ventures, But Not University of Michigan
Plymouth Ventures Partners stands to cash out big from Becton, Dickinson’s (NYSE:[[ticker:BDX]]) pending acquisition of Accuri Cytometers in Ann Arbor, MI. But the University of Michigan, where the technology originated? Uh…not so much. Plymouth was one of Accuri’s first investors when the company spun out of the university in 2005, providing around $2 million in … Continue reading “Accuri Generates Windfall for Plymouth Ventures, But Not University of Michigan”
Plexxi, VisionScope, and CashStar: A Trio of New England Tuesday Financings
Tech companies across the New England region revealed today that they have been raising some cash. Check out the details below: —CashStar, a Portland, ME-based startup in the digital gifting and incentives space, announced today that it has raised $5 million in funding, led by San Francisco-based Passport Capital, with participation from investment bank Allen … Continue reading “Plexxi, VisionScope, and CashStar: A Trio of New England Tuesday Financings”
Stewart Parker Joins IDRI as New CEO, Bringing Biotech Sensibility to Global Health Effort
[Updated: 2:15 pm] H. Stewart Parker did some soul-searching after her dreams fizzled out at Seattle-based Targeted Genetics, but now the well-known biotech executive has found herself a big new challenge at the Infectious Disease Research Institute. Parker, 55, the founder and longtime CEO of Targeted Genetics, has agreed to sign on as the CEO … Continue reading “Stewart Parker Joins IDRI as New CEO, Bringing Biotech Sensibility to Global Health Effort”
Zino Life: Life Sciences Investment Forum
The Zino Society is holding Zino Life, its annual Life Sciences Investment Forum, on March 8th. Tom Clement, the chairman of the Washington Biotechnology & Biomedical Association, and WBBA president Chris Rivera will be among the featured speakers. About 15 early stage companies are expected to make presentations to investors. For more information on how … Continue reading “Zino Life: Life Sciences Investment Forum”
U-M adds more tenants to Venture Accelerator
The University of Michigan has officially inked deals to house two more startups at its Venture Accelerator in Ann Arbor, MI. Engxt and Civionics will join inaugural tenant Life Magnetics at the former Pfizer research and development center located at the school’s North Campus Research Complex. Two additional firms, 3D Biomatrix and Phraxis Pharmaceuticals, are … Continue reading “U-M adds more tenants to Venture Accelerator”
What You Probably Don’t Know About Non Disclosure Agreements
There is no love like a first time entrepreneur’s love with nondisclosure agreements. They are a romantic dream: secret pacts bonding two economic entities together as one, if only for the transaction. Promises of futures together and sweet nothings exchanged. Now let’s talk reality. First… NDAs don’t stop leaks. Theoretically, a nondisclosure agreement commits the … Continue reading “What You Probably Don’t Know About Non Disclosure Agreements”
Bay State Startup Funding Booms to $242.5M in January; Healthcare Firms Lead the Way
Funding dollars for Massachusetts tech and life sciences startups surged by more than 25 percent from December to January, with 32 startups bringing in $242.5 million in equity-based funding, according to data supplied by our partner CB Insights’ FundingFlash, a daily roundup of companies receiving venture capital, angel investment, and growth equity funding. The healthcare … Continue reading “Bay State Startup Funding Booms to $242.5M in January; Healthcare Firms Lead the Way”
Qualcomm Announces AR Awards
Qualcomm (NASDAQ: [[ticker:QCOM]]), the San Diego wireless technology giant, said today it awarded its top prize to two developers from Lithuania in its 2010 Augmented Reality Developer Challenge. The company awarded $125,000 to Lithuanians Paulius Liekis and Arminas Didžiokas for Paparazzi, an interactive game where the player becomes a virtual paparazzo who tries to photograph … Continue reading “Qualcomm Announces AR Awards”
Cellceutix Settles with Former CEO for $1M
Cellceutix, a Beverly, MA-based developer of drugs for cancer and other diseases, says that the company and its former CEO George Evans have settled a compensation dispute. The company has agreed to buy 4.6 million shares of stock held by Evans, a former Pfizer lawyer, and/or his sons over the past three years for $1 … Continue reading “Cellceutix Settles with Former CEO for $1M”
Biotech Vet Gerngross Dishes Out More Details On Latest VC-Backed Startup Arsanis
Our immune systems churn out antibodies to fight infections, so perhaps it’s about time that some biotech companies started getting in on the action. Arsanis, co-founded late last year by successful biotech entrepreneur Tillman Gerngross, is using the antibody discovery technology from another of Gerngross’s startups, Lebanon, NH-based Adimab, to find antibody drugs that might … Continue reading “Biotech Vet Gerngross Dishes Out More Details On Latest VC-Backed Startup Arsanis”
The Active Network Files for IPO
San Diego’s Active Network, which operates a Web-based network that provides online registrations for everything from campsite reservations to tee times, filed for an IPO yesterday, proposing to raise $150 million. The company, founded in 1998 to provide online registrations for marathons and triathlons, has expanded its services through acquisitions and organic growth. It now … Continue reading “The Active Network Files for IPO”
Ivivi Health Adds $4M
San Francisco-based Ivivi Health Sciences, the maker of portable electrical stimulation devices for reducing post-operative pain and swelling, said today it has closed on a financing that will bring in $4 million in new capital and convert a $5.5 million bridge loan into an equity stake. The company said it plans to use the money … Continue reading “Ivivi Health Adds $4M”
NanoString Names VPs
NanoString Technologies, the Seattle-based maker of a genetic analysis instrument, said today it has hired two new vice presidents to fill out its commercial management team. Chris Grimley, the new vice president of marketing, previously worked at Agilent Technologies and Applied BioSystems. Katherine Webster, NanoString’s new vice president of worldwide sales, comes from Qiagen, and … Continue reading “NanoString Names VPs”
New CEO for Datawatch
Chelmsford, MA-based Datawatch (NASDAQ: [[ticker:DWCH]]), an analytics products and services provider, announced today that it has hired IBM and Cognos veteran Michael Morrison as its president and chief executive, replacing previous CEO Ken Bero. Morrison, who will also sit on the Datawatch board of directors, was IBM’s vice president of financial performance management and held a … Continue reading “New CEO for Datawatch”