Monday, October 20, 2008

More and more

Waltham, Mass.
V.i. Labs Packs Up $4M For Software Security
V.i. Laboratories Inc. has raised $4 million in new financing for its software security products.
http://www.vilabs.com
 
Cambridge, Mass.
In-Q-Tel Signs On To Back T2 Biosystems
Medical diagnostic technology company T2 Biosystems Inc. has raised a $10.8 million Series B round to complete an initial panel of diagnostic tests.
http://www.t2biosystems.com
 
Lexington, Mass.
Predictive Screens $21.8M For Cancer
Predictive Biosciences Inc., which seeks to use urinary biomarkers to better understand how to manage individual cancer patients, has raised a $21.75 million Series B led by New Enterprise Associates.
http://www.predictivebiosci.com
 
Optical transmission systems | Acton, Mass.
Mintera Lands $8M Credit Facility From SVB
Mintera Corp., a maker of 40-gigabit optical components, has secured an $8 million line of credit from Silicon Valley Bank.
http://www.mintera.com
 
Drug Discovery Technology | Boston
Surface Logix Fills Pres., CEO Role With Dionne
Surface Logix Inc., a developer of small molecule drugs, appointed Keith Dionne to the position of president and chief executive and to its board of directors.
http://www.surfacelogix.com
 
Hangout Industries
3D social networking
Boston, Massachusetts
 
Virtual Computer
Advanced virtualization technology
Westford, Massachusetts
 
 
Worcester, Mass.
Verax Hunting Up To $15M In Tough Market
Verax Biomedical Inc., a maker of bacterial contamination detection devices, is raising up to $15 million in Series D financing for marketing tests, the company told VentureWire.
http://www.veraxbiomedical.com
 
Boston
Ludesi Appoints Lars Eric Utterman Board Chair
Ludesi Corp., the developer of products and software for two-dimensional electrophoresis gels for the life sciences, announced the appointment of Lars Eric Utterman as chairman of the board.
http://www.ludesi.com
 
 
Waltham, Mass.
Former EqualLogic Chief Don Bulens Joins VideoIQ Board
Video surveillance and analytics company VideoIQ Inc. has added Don Bulens to its board of directors.
http://www.videoiq.net
 
Surgical Devices | Wilmington, Mass.
Viacor Tops Off Series C To Push Through Trials
In the midst of clinical trials, cardiac device developer Viacor Inc. said it has added $5 million from existing investors to its Series C financing, bringing the round to $20 million.
http://www.viacorinc.com
 
Mzinga Inc., a Burlington, Mass.-based provider of white-label social networks, is looking to raise around $25 million in new private equity and debt funding, according to VentureWire. Earlier this year, the company raised $32.5 million ($15m in equity) from W Capital Partners, Bluecrest Capital Finance, GE Equity, Knowledge Industries and company management. Part of the proceeds were used to acquire Littleton, Mass.-based competitor Prospero Technologies. www.mzinga.com
 
Auraria Networks Inc., a Boxborough, Mass.-based provider of content management and information analysis products, has raised $10 million in Series B funding, according to a regulatory filing. Pilot House Ventures was joined by return backer Matrix Partners. www.aurarianetworks.com
 
Drug Manufacturing | Cambridge, Mass.
Ironwood Nabs $50M To Complete Phase III Trial
Ironwood Pharmaceuticals Inc. has raised a $50 million Series H private equity round to fund the completion of Phase III trials for its lead gastrointestinal treatment.
http://ironwoodpharma.com

Electronic components | Cambridge, Mass.
Forma Thera Snaps Up SolMap Pharma
Venture-backed Forma Therapeutics Inc. has acquired the assets and intellectual property of publicly traded Mercury Computer Systems Inc.'s biotechnology venture, SolMap Pharmaceuticals Inc.
http://www.mc.com
http://www.formatherapeutics.com
http://www.solmap-pharma.com
 
Ironwood Pharmaceuticals Inc. (f.k.a. Microbia), a Cambridge, Mass.-based antibacterial drug company focused on gastrointestinal disorders, has raised $50 million in seventh-round funding. Morgan Stanley Investment Management led the round, and was joined by "numerous investors from previous financing rounds." The company has now raised over $250 million in total VC funding since 1998, from firms like Morgan Stanley, Ridgeback Capital, Fidelity Biosciences, Paperboy Ventures, Polaris Venture Partners and Venrock. Read more…
 
Cambridge, Mass.
Link Medicine Connects With $40M
Link Medicine Corp. has secured a $40 million Series C funding round that will enable it to launch clinical testing of its first neurological-disease drug next year.
http://www.linkmedicine.com
 
Charlesbank Capital Partners has acquired Tecomet, a Wilmington, Mass.-based contract manufacturer of complex components for the medical device and aerospace industries. No financial terms were disclosed. The seller was Cardinal Health (NYSE: CAH). Read more…
 
Cambridge, Mass.
Tipjoy's Jar Full With Series A Funds
Tipjoy Inc. has raised nearly $1 million to become the Internet's tip jar for digital content.
http://www.tipjoy.com
 
Surgical Devices | Woburn, Mass.
U.S. Genomics Nabs Equity, Partners With Becton Dickinson
Diagnostic and biodefense technology developer U.S. Genomics Inc. has raised $4.5 million through Becton Dickinson and Co. and sealed a strategic collaboration with that company to develop an infectious disease diagnostic platform.
http://www.bd.com
http://www.usgenomics.com
 
Waltham, Mass.
DynaTrace Names John Van Siclen CEO
DynaTrace Software Inc., a provider of lifecycle application performance management services for distributed Java and .NET applications, announced that John Van Siclen has been named chief executive.
http://www.dynatrace.com
 
Cambridge, Mass.
CityVoter Drafts $2.6M For Local Listings Site
CityVoter Inc. has raised a $2.6 million Series B round of funding for its local listings and reviews site.
http://www.cityvoter.com
 
Boston
Swaptree Trades $3.35M Stake With Safeguard
Swaptree Inc. has raised $3.35 million in Series C financing from Safeguard Scientifics Inc.
http://www.swaptree.com
 
 
Soteira Inc., a Natick, Mass.-based developer of a system for treatment of vertebral compression fractures, has raised $12 million in Series B funding, according to a regulatory filing. Backers include Delphi Ventures, Prism VentureWorks, Federated Kaufman Fund, HLM Venture Partners and Partech International.
Advanced Electron Beams, a Wilmington, Mass.-based developer of electron beam technology for advanced manufacturing processes and environmental control, has raised $4 million in new VC funding from GE Energy Financial Services. It had previously raised around $27.5 million from firms like Atlas Venture, General Catalyst Partners and Rockport Capital Partners. Read more…

Boston
Rapid7 Speeds Growth With $7M From Bain
Four years after its founding, Rapid7 LLC, a provider of vulnerability management software, has raised $7 million in a Series A financing round from Bain Capital Ventures.
http://www.rapid7.com


Natick, Mass.
Punchbowl Invites Series A Investors To The Party
Punchbowl Software Inc. has reason to throw a party after closing a $2.1 million Series A financing.
http://www.mypunchbowl.com
 
Bullhorn
Front office software for the staffing and recruiting industry
 Boston, Massachusetts
 
Wireless devices and systems | Cambridge, Mass.
Ambient Devices Glows With .406 Funding
Ambient Devices Inc., a developer of products that enable instant access to Internet data such as sports scores, has secured a new Series C round of funding from .406 Ventures and existing angel investors.
http://www.ambientdevices.com
 
Cambridge, Mass.
Wiggio Collects Seed For Student Collaboration Tools
Targeting college students who don't want to just play games and socialize online, Wiggio Inc. has launched its collaboration tool.
http://www.wiggio.com
 
Carbonite Inc., a Boston-based provider of online backup services for consumers and small businesses, has raised $20 million in Series C funding. Performance Equity led the round, and was joined by return backers Menlo Ventures, 3i and Common Angels Fund. The company has now raised $47 million in total VC funding, including a $15.2 million Series B-1 round in early 2007 at a post-money valuation of approximately $58 million. Read more…
 
The Echo Nest Corp., a Somerville, Mass.–based provider of search and interactivity solutions to music companies, has raised an undisclosed amount of first-round funding led by Commonwealth Capital Ventures. Read more…
 
Cambridge, Mass.
Vanu Taps $32M For India, US Wireless Plays
Vanu Inc. is flush with $32 million in new capital for a major rollout of its wireless infrastructure software in rural areas of the U.S. and India, where smaller wireless operators sometimes struggle to turn a profit.
http://www.vanu.com
 
Histogenics Corp., a Waltham, Mass.-based tissue repair company, has raised $13.1 million in second-round funding. Return backer Boston Millennia Partners led the round, and was joined by Foundation Medical Partners and Stryker Corp. Read more…
 
Framingham, Mass.
Women's Health Co. Interlace Medical Secures $7M Series D
Interlace Medical Inc., a stealth mode women's health device company, has raised $7 million in Series B financing.
http://www.interlacemedical.com
 
Old Road Computing (a.k.a. Virtual Computer), a Westford, Mass.-based virtualization technology startup, has raised $6 million in Series A funding from Highland Capital Partners and Flybridge Capital Partners. The round closed back in Q1. Read more…
 
Ridgeland, Miss.
Bomgar Discloses $8M Insider Series C
Bomgar Corp., maker of appliances for remote IT support, has announced an $8 million Series C round from its existing investors.
http://www.bomgar.com
 
Burlington, Mass.
Expressor Grabs $10M For Data Integration
Expressor Software Corp., a provider of data integration software for large corporations, has secured $10 million in Series B financing.
http://www.expressor-software.com
 
Brookline, Mass.
Series A In Hand, Zapoint Cultivating Next Round
To continue developing its platform to help recruiters quantify job applicants, Zapoint Inc. has raised a Series A round of funding and is in talks for a Series B.
http://www.zapoint.com
 
 
Cambridge, Mass.
Mobile Ad And Search Co. JumpTap Nabs $26M
As it continues to compete with top-name technology companies, mobile search and advertising start-up JumpTap Inc. has raised a $26 million Series D round led by newcomer AllianceBernstein LP.
http://www.jumptap.com

Lexington, Mass.
Mall Networks Rewarded With $7M Series B
Mall Networks Inc., which runs loyalty shopping and rewards programs for financial services companies, has raised a $7 million Series B financing round that it hopes will take it to profitability.
http://www.mallnetworks.com

 
Waltham, Mass.
Forerun To Push Its Emergency Dept. Tech. With $1.35M
Emergency department workflow technology provider Forerun Inc. has raised $1.35 million to fund further development and commercialization of its product.
http://www.forerunsystems.com
 
Cambridge, Mass.
Proteostasis Picks $45M For Genetic Therapies
Proteostasis Therapeutics Inc., which seeks to treat genetic disorders and certain diseases of aging by enhancing the molecular networks that regulate thousands of proteins, has raised a $45 million first round led by HealthCare Ventures to advance its initial drugs toward the clinic.
http://www.proteostasis.com
 
Quanterix Corp., a Cambridge, Mass.-based provider of single molecule analysics, has closed its Series A round at $15 million, according to VentureWire. Backers include Arch Venture Partners, Bain Capital Ventures and Flagship Ventures. http://www.quanterix.com/
 
Living Proof Inc. (f.k.a. Andora), a Cambridge, Mass.-based biomaterials startup, has raised $7 million in Series A-3 funding, according to a regulatory filing. Backers include Polaris Venture Partners. The company does not have a website.
 
Forerun Inc., a Waltham , Mass.-based provider of clinical workflow solutions for emergency rooms, has raised $1.35 million in VC funding led by the Massachusetts Development Technology Corp. Read more…
 
Bedford, Mass.
Resolvyx Pharma Brings Series B To $29M
Biopharmaceutical company Resolvyx Pharmaceuticals Inc. has added $4 million to bring its Series B round to $29 million as it continues to advance its therapies for inflammatory diseases and their complications.
http://www.resolvyx.com
 
Environmental Operating Solutions Inc., a Bourne, Mass.-based water purification company, has closed its final tranche of its Series A round. No financial terms were disclosed, although VentureWire pegs the deal at $2.5 million. Stuart Mill Venture Partners led the round, with the Wolverine Venture Fund also participating. Read more…
 
Systems-administration software | Waltham, Mass.
Ipanema Goes Walking With $7M For Expansion
Ipanema Technologies Corp., a company that makes wide-area network equipment, has raised a $7 million new round of funding to expand its geographic reach.
http://www.ipanematech.com

Lowell, Mass.
Bitwave Preps Chip Launch With $10M
Bitwave Semiconductor Inc. is getting ready to bring its first chip product to market after five years in development, and has raised $10 million from investors to fund the launch.
http://www.bitwave.com
 
 
GameLogic Inc., a Waltham, Mass.-based provider of solutions that help casino operators enchance customer relationships and attract new players, has secured $8 million of a $10 million Series C round, according to a regulatory filing. Listed shareholders include return backers Bain Capital Ventures, General Catalyst Partners and Maveron. The company had previously raised around $18.5 million. www.gamelogic.com
 
NetGraviton Inc., a Cambridge, Mass.-based provider of search engine marketing and optimization solutions, has raised $4 million in Series A funding led by Sigma Partners, according to a regulatory filing. www.netgraviton.com
 
BlueSocket Inc., a Burlington, Mass.-based provider of WLAN security and management systems, has sold its Pingtel Inc. subsidiary to Nortel (NYSE: NT) for an undisclosed amount. The deal comes just one year after BlueSocket acquired Pingtel from a group of venture capitalists. BlueSocket has raised around $67 million in VC funding since 1999, from Vesbridge Partners, Menlo Ventures, Boulder Ventures, Ascent Venture Partners, Ridgewood Capital and Ironside Capital Group. Read more…
 
 


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Thursday, August 14, 2008

the continuing amazing list of boston area entrepreneurial firms getting funding

A123Systems, a Watertown, Mass.-based maker of lithium-ion batteries, has filed for a $175 million IPO. It also disclosed another $102.1 million in VC funding, which brings its total to around $234 million. It plans to trade on the Nasdaq under ticker symbol AONE, with Morgan Stanley and Goldman Sachs serving as co-lead underwriters.
 
Shareholders include North Bridge Venture Partners (13.7% pre-IPO stake), General Electric (12.7%), Motorola (8.5%), Qualcomm (8.8%), Sequoia Capital, CMEA Ventures, FA Technology Ventures, Procter & Gamble, Alliance Capital, OnPoint, Carruth Management, the Massachusetts Institute of Technology and board chairman Desh Deshpande. Read more...  
 
Neuron Systems Inc., a Burlington, Mass.-based drug developer for treatment of retinal diseases, has raised $8.96 million in Series A funding, according to a regulatory filing. Backers include Domain Associates and Johnson & Johnson Development Corp.
 
PatientKeeper Inc., a Newton, Mass.-based provider of integrated physician information systems, has raised $7.5 million in Series F funding, according to a regulatory filing. Return backers include Frazier Healthcare Ventures, Whitney & Co. and New Enterprise Associates. The company has now raised more than $75 million in total VC funding since 1999. www.patientkeeper.com
 
Enterprise development software | Waltham, Mass.
Ounce Labs Adds Gary Jackson As CEO
Ounce Labs Inc., a provider of source-code analysis software, has hired a new chief executive, Gary Jackson.
http://www.ouncelabs.com
 
Biopharmaceuticals | Watertown, Mass.
Tetraphase Pharmaceuticals Completes $25M Series A
Tetraphase Pharmaceuticals Inc. said it closed the second tranche of its $25 million Series A financing to support the advancement of several antibiotic drug candidates.
http://www.tetraphasepharma.com
 
Waltham, Mass.
DynaTrace Software Adds $12.9M Series B
DynaTrace Software Inc. has raised $12.9 million in Series B funding to back the sales and marketing of software that helps companies monitor and fix problems with application performance.
http://www.dynatrace.com
 
VC Firm | Cambridge, Mass.
Rive Tech Raises $14M For Efficient Oil Refining
Rive Technology Inc. has raised $14 million to continue development of its technology that improves oil refiners' fuel yields from fluid catalytic crackers.
http://www.atvcapital.com
http://www.crv.com
http://www.nthpower.com
http://www.rivetechnology.com
 
Medical Devices and Equipment | Newton, Mass.
Clinical Data Buys Adenosine For Up To $66M
Venture-backed Adenosine Therapeutics Inc. has been acquired by publicly traded Clinical Data Inc. for $11 million in cash plus possible future payments.
http://www.clda.com
http://www.adenrx.com
 
Medford, Mass.
Mark Koide Appointed to Lead Natural Dentist
Natural Dentist Inc., a company making all-natural oral care products, named Mark Koide as its new chief executive.
http://www.thenaturaldentist.com
 
 

First Wind Holdings Inc. (f.k.a. UPC Wind), a Newton, Mass.-based developer of win power projects, has filed for a $450 million IPO. It plans to trade on the Nasdaq under ticker symbol WINDY, with Credit Suisse, Goldman Sachs and JPMorgan serving as co-lead underwriters. Shareholders include D.E. Shaw and Madison Dearborn Partners. http://www.firstwind.com/

 
Seachandise Commerce (f.k.a. Guidester), a Beverly, Mass.-based ecommerce ad platform for product manufacturers, has raised $7.5 million in Series C funding. Cloquet Capital Partners led the round, and was joined by return backers DFJ Gotham, Wheatley Partners, Milestone Venture Partners, Inflection Point Ventures and Tim Draper. Read more…
 
Cambridge, Mass.
Mustapha Bakali Joins Genocea Biosciences As Exec Director
Genocea Biosciences Inc., a vaccine discovery and development company, added Mustapha Leavenworth Bakali to its board of directors as executive director.
http://www.genocea.com

Cambridge, Mass.
Taligen Thera Picks Abbie Celniker As CEO
Taligen Therapeutics Inc. appointed Abbie Celniker as chief executive. Celniker succeeds Woodruff Emlen, a co-founder of the company who remains president.
http://www.taligentherapeutics.com
Tradual Inc., a Boston-based social media company focused on the foreign currency exchange marketplace, has secured $2.4 million of a $4 million Series A round, according to a regulatory filing. North Bridge Venture Partners is leading the financing, with partner Jeff Beir taking a board seat. Company executives includes Dave Lemont, former CEO of ApppIQ, and Asaf Yidgal, former director of professional services with Akorri. Tradual does not yet have a working website.

 
 
Imaging Equipment | Woburn, Mass.
VisEn Takes $3.5M Debt From GE Healthcare
VisEn Medical Inc., a developer of fluorescent imaging agents, has raised $3.5 million in venture debt from GE Healthcare Financial Services.
http://www.visenmedical.com
 
Avidyne
Integrated flight deck systems for general aviation aircraft
 
CambridgeSoft Corp., a Cambridge, Mass.–based maker of life science enterprise solutions like e-notebooks, has raised $21 million in private equity funding from Goldman Sachs. The company had previously raised around $5.2 million from Edison Venture Funds. Read more…
 
Cambridge, Mass.
GenArts Funded For Special Effects, Hires New CEO
GenArts Inc. Chief Executive Katherine Hays has an interesting idea for a highlight reel for the provider of visual effects software.
http://genarts.com
 
Prospect Partners recapitalized Linkage Inc, a Burlington, Mass.-based education service provider for executives and senior management, for an undisclosed amount. The company's management participated in the deal.  Company Web site
 
ConnectEDU Inc, operator of a Boston-based Web site geared toward college students, educators and employers, has acquired Prep HeadQuarters, a college planning Web service. ConnectEDU is backed by angel investors and received $9 million in funding this year. Company Web site
 
Biotechnology | Cambridge, Mass.
Peptimmune Adds $8.9M To Series D Round
Biotechnology peptide treatment developer Peptimmune Inc. has held a second, $8.9 million close toward its Series D round, bringing the total raised to $17.1 million.
http://www.peptimmune.com
 
Boston
Coveo Names Yepez, Gwin To Board
Enterprise search company Coveo Solutions Inc. has named J. Alberto Yepez and Howard Gwin to its board of directors.
http://www.coveo.com
 
Eleme Medical, a Merrimack, N.H.-based cellulite treatment business, raised $18 million in Series C financing led by L Capital Partners. New investor Hambrecht & Quist Capital Management and returning investors Three Arch Partners and EDF Ventures participated. Company Web site
 
Wadonda Technologies, a Boston-based solar cell manufacturing development company closed a Series A financing. ATV (Advanced Technology Ventures) led the round together with General Catalyst Partners, Polaris Venture Partners, Applied Ventures, and the Massachusetts Green Energy Fund.
 
Sand 9, a wireless device technology developer based in Boston , Ma., received $8 million in Series A funding led by Flybridge Capital PartnersCompany Web site
 

ThingMagic, Inc., a Cambridge , MA.-based developer of RFID readers, sensors, and embedded RFID technologies, secured $9.5 million in funding from existing investors including Tudor Ventures, The Exxel Group, Morningside Technology Ventures and .406 Ventures. This follows an initial round and line of credit of $21 million total, announced in early 2006. Company Web site

 

 

 
 

Wednesday, July 9, 2008

VC backed Boston area companies

Agios Pharmacueticals, a Cambridge , Mass.-based biotech company focused on cancer metabolism, closed on $33 million in Series A funding. The round was co-led by Third Rock Ventures, Flagship Ventures and ARCH Venture Partners. Company Web site

 

 

Boston
Insiders Spot Optaros $12M Series C
Optaros Inc., a company that designs, automates and implements open-source applications for enterprises, has raised a $12 million Series C round from inside investors.
http://www.optaros.com

 

 

Aspen Aerogels, a Northborough, Mass.-based nanotech company focused on insulation materials, has raised $37 million in fourth-round funding, according to VentureWire. Arcapita Ventures led the round, and was joined by return backers Lehman Brothers Venture Partners Reservoir Capital Group and RockPort Capital Partners. The company had previously raised over $61 million. www.aerogel.com

 

Optaros Inc., a Boston-based provider of enterprise consulting and systems integration services, has raised $12 million in Series C funding, according to a regulatory filing. 406 Ventures was joined by return backers Globespan Capital Partners, Charles River Ventures and General Catalyst Partners. The company had previously raised $19.5 million. www.optaros.com

 

Sciformix Corp., a Westborough, Mass.-based provider of knowledge process outsourcing services for the life sciences market, has raised $3.3 million in Series A funding. Flybridge Capital Partners led the round, with partner Chip Hazard taking a board seat. Read more...

 

JazzD Markets Inc., a Brookline, Mass.-based online directory startup, has raised $8 million in Series A funding, according to a regulatory filing. Backers include Commonwealth Capital Ventures and Pilot House Ventures. The company is run by former Aberdeen Group CEO James Bedard.

 

Imaging Equipment | Woburn, Mass.
VisEn Receives Equity In Fox Chase Clinical-Stage Deal
Having just signed a collaboration with Fox Chase Cancer Center, VisEn Medical Inc. has laid the groundwork for launching its fluorescence imaging agents into the clinical trial space.
http://www.visenmedical.com
http://www.fccc.edu

 

DemandWare Inc. has won an auction for the assets of N2N Commerce, a Cambridge , Mass-based maker of on-demand commerce management software for multichannel retailers. No financial terms were disclosed. DemandWare has raised around $44 million in VC funding from General Catalyst Partners, North Bridge Venture Partners and T-Venture Holding. N2N had raised $30 million in January 2007 from General Catalyst and Limited Brands, but ceased operations just one year later. www.demandware.com

 

Bullhorn, a Boston-based provider of on-demand staffing and recruiting software, has raised $26 million in fourth-round funding. New backers Highland Capital Partners and General Catalyst Partners co-led the deal. Read more...

 

Merrimack Pharmaceuticals Inc., a Cambridge, Mass.-based biotechnology company focused on the discovery and development of novel treatments for autoimmune disease and cancer, has raised $60 million in a series F private equity financing.Existing and new investors participated in the financing including Credit Suisse First Boston Next Fund Inc., Crocker Ventures, HNI Holdings Ltd., funds advised by Noonday Asset Management LP, TPG-Axon Capital, and WT Investment Advisors Fund LP. www.merrimackpharma.com

Turbine Inc., a Westwood, Mass.–based MMO game publisher, today confirmed that it has raised $40 million in Series C funding. peHUB first reported the news in April. Granite Global Ventures and Time Warner co-led the round, and were joined by return backers Highland Capital Partners, Polaris Venture Partners, Tudor Ventures and Columbia Capital. The company has now raised more than $90 million, including a $30 million infusion in February 2005. Read more…

 

Syndexa Pharmaceuticals Corp., a Cambridge, Mass.-based metabolic drug discovery company, has raised $15 million in venture capital funding. The round was led by Yalcin Ayalsi, founder of Hitite Microwave Corp. www.syndexa.com

 

DebtFolio Inc., a Framingham, Mass.-based provider of personal debt management solutions, has raised over $2.3 million in Series A funding, according to a regulatory filing. Backers include Hub Angel Investment Group. www.debtfolio.com

 

Amherst, Mass.
SunEthanol Nabs DuPont Biofuel Expert As CEO
Cellulosic ethanol manufacturer SunEthanol Inc. has hired Dr. William Frey, a co-founder of DuPont Applied BioSciences, as chief executive.
http://www.sunethanol.com

 

Boston
First Coverage Bags $9M For Investment Pro Service
First Coverage Inc., an information management company for investment firms, has raised a $9 million Series B financing led by Commonwealth Capital Ventures.
http://firstcoverage.com

 

Cambridge, Mass.
Hittite Founder Provides Syndexa With $15M Series B
Metabolic disease treatment developer Syndexa Pharmaceuticals Corp. has raised a $15 million Series B round to bring its first two treatments to the clinic.
http://www.syndexa.com

 

Boston
E-Publisher Zmags Banks $4.2M For U.S. Push
Zmags Inc., a provider of digital publishing software, has raised $4.2 million in Series B funding for U.S. expansion and to create a new Boston headquarters.
http://www.zmags.com

 

EnvIO Networks Inc., a Waltham, Mass.-based developer of wireless messaging and content management technologies, has raised $10 million in Series B funding, according to a regulatory filing. Return backers include Matrix Partners and North Bridge Venture Partners. www.envionetworks.com

 

Azuki Systems (fka: peermeta), an Acton, Mass.-based mobile software startup, has raised $6.1 million in Series A funding, according to a regulatory filing. Backers include Kepha Partners and Sigma Partners. The round had been previously disclosed without a dollar amount. www.peermeta.com

 

Bullhorn
Front office software for the staffing and recruiting industry

Boston, Massachusetts

 

Hangout Industries
3D social networking

Boston, Massachusetts

 

Movik Networks
Infrastructure solutions to improve mobile user experience

Littleton, Massachusetts

 

Old Road Computing
Management of mobile devices on enterprise networks

Westford, Massachusetts

 

Old Road Computing
Quattro Wireless
Diverse ad placement across the mobile ecosystem

 Walthm, Massachusetts

 

Tatara Systems
Mobile services convergence platform

Acton, Massachusetts

 

Avidyne
Integrated flight deck systems for general aviation aircraft

Lincoln, Massachusetts

 

Vertica Systems
Database engine technology

Andover/moving to Billerica August 2008, Massachusetts

 

Codon Devices
Commercial applications of synthetic biology

Cambridge, Massachusetts

 

ExaGrid Systems
Leading provider of intelligent disk-based data protection

Westborough, Massachusetts

 

Imprivata
Enterprise identity management systems

Lexington, Massachusetts

 

Virtual Iron Software
Solutions for creating and managing virtual infrastructure

Lowell, Massachusetts

 

Navic Networks
Products and services for digital cable networks

Waltham, Massachusetts