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 Partners. Company 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
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Thursday, August 14, 2008
the continuing amazing list of boston area entrepreneurial firms getting funding
