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2008-10-20T12:52:00.001-07:00

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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the continuing amazing list of boston area entrepreneurial firms getting funding

2008-08-14T15:18:00.001-07:00

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

Field Marketing Manager: Lincoln, Massachusetts

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

VC backed Boston area companies

2008-07-09T10:07:00.001-07:00

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

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

May

2008-05-27T13:56:00.001-07:00

Greentech Media Inc., a Cambridge, Mass.based online media company covering the greentech market, has raised $2.75 million in Series B funding. EGORA Holding and The Massachusetts Green Energy Fund co-led the round, and were joined by King Hill Capital and return backers Lightspeed Venture Partners and Northport Private Equity. Read more...

OmniGuide Inc., a Cambridge, Mass.-based developer of a flexible CO2 laser scalpel for minimally-invasive surgeries, has raised $25 million in Series E funding. Psilos Group led the round, and was joined by return backers Ray Stata, Stata Venture Partners, 3i, Argonaut Ventures, ESI, Gainesborough Investments, Jeff Swartz and Westbury Partners. Thomas Weisel Partners served as placement agent. Read more

GreenFuel Technologies Corp., a Cambridge, Mass.-based developer of algae farm technologies for recycling CO2 emissions, has raised $13.9 million in new VC funding. Return backers include Access Private Equity, Draper Fisher Jurvetson and Polaris Venture Partners. Read more

Drug Discovery Technology | Brighton, Mass.
Surface Logix CEO Jumps Ship; VC Takes The Wheel
Jim Mahoney, president and chief executive of small-molecule drug developer Surface Logix Inc., is stepping down from his current positions to pursue other interests. Steven Gillis, managing director at Arch Venture Partners, will take over as executive chairman until a new CEO is appointed.
http://www.surfacelogix.com

HubSpot, a Cambridge, Mass.-based provider of inbound marketing systems for SMEs, has raised $12 million in Series B funding. Matrix Partners led the round, and was joined by return backer General Catalyst Partners. HubSpot had raised a $5 million Series A round in July 2007. Read more

IP and fabless designers | Cambridge, U.K.
BankInvest Adds $8M To CamSemi's Series C
Cambridge Semiconductor Ltd., a fabless semiconductor company aiming to improve the energy efficiency of existing consumer-electronics technologies, has announced an $8 million add-on Series C investment.
http://www.camsemi.com

Departmental software | Burlington, Mass.
Jeremy Chone Joins Nexaweb As CTO
Nexaweb Technologies Inc., a provider of a rich Internet application development platform designed to bring existing corporate applications online, appointed Jeremy Chone as its new chief technology officer.
http://www.nexaweb.com

HyperMed Inc., a Burlington, Mass.-based provider of medical hyperspectral imaging, has raised $4 million in second-round funding from return backer GBP Capital. Read more

new items

2008-05-15T09:03:00.001-07:00

Leostream Corp., a Waltham, Mass.-based hosted desktop connection broker, has raised $3 million in Series A funding led by Meakem Becker Venture Capital, according to a regulatory filing. www.leostream.com

CHiL Semiconductor, a Tewksbury, Mass.-based developer of mixed-signal ICs, has raised $16.68 million in Series C funding. Panorama Capital led the round, and was joined by return backers Flybridge Capital Partners, Highland Capital Partners and iD Ventures. www.chilsemi.com

Cambridge, Mass.
Cequent Pharma Names Ensemble Discovery CEO To Its Board
Venture-backed biopharmaceutical company Cequent Pharmaceuticals Inc. has named Ensemble Discovery Corp. President and Chief Executive Michael D. Taylor to its board.
http://www.cequentpharma.com

Burlington, Mass.
Judith Huber Joins ConforMIS Management Team
Orthopedic device company ConforMIS Inc. has named Judith Huber chief financial officer.
http://www.conformis.com

InnoCentive Inc., a Waltham, Mass.-based operator of an online collaboration forum for scientists and scientific companies, has raised $6.5 million in Series B funding. Spencer Trask Ventures led the round, and was joined by fellow insiders Eli Lilly & Co. and Omidyar Network. InnoCentive had spun out of Eli Lilly in 2005, via a $9 million Series A round. www.innocentive.com

Ceritca Solutions Inc., a Wakefield, Mass.-based provider of information management software for the K-12 education market, has raised $3.3 million. This is the company's first institutional funding round since its 2000 inception,and was led by Brook Venture Partners. Read more

Gomez Inc., a Lexington, Mass.-based provider of web experience management services, has filed for an $80.5 million IPO. It plans to trade on the Nasdaq under ticker symbol GOMZ, with Credit Suisse and Deutsche Bank Securities serving as co-lead underwriters. The company raised over $66 million between 1999 and 2004, with current shareholders including Dolphin Equity Partners (36.6% pre-IPO stake), AdAstra (19.9%), Doughty Hanson & Co. (17.3%) and ABS Ventures (8.9%). http://www.gomez.com/

Cambridge, Mass.
Greentech Media Seeks Profitability With Series B
Greentech Media Inc., a media company covering the green technology industry, has raised what could be its last round of funding.
http://www.greentechmedia.com

late april / early may

2008-05-03T13:41:00.001-07:00

Stromedix Inc., a Cambridge, Mass.-based biotech company focused on therapies for fibrosis, has raised $25 million in Series B funding. New Leaf Venture Partners led the round, and was joined by Bessemer Venture Partners, Red Abbey Venture Partners and Series A backers Atlas Venture and Frazier Healthcare Ventures. Read more

VisEn Medical Inc., a Woburn, Mass.-based developer of fluorescence molecular imaging technology platforms, has raised $5 million in additional Series B funding. It had held a $7.5 million first close last fall. Return backers Merck Capital Ventures and Flagship Ventures co-led the expansion. Other Series B backers include Siemens AG Medical Solutions and Spinnaker Capital. Read more

HealthEdge, a Burlington, Mass.-based provider of claims and benefit administration for healthcare payers, has raised $13 million from Psilos Group. Read more

Burlington, Mass.
HyperMed Names Two To Top Slots
HyperMed Inc., a developer of hyperspectral diagnostic systems for diabetic and vascular disease, has named Mark B. Carbeau chief executive, president and board of directors member, and Daniel J. Levangie non-executive chairman of the board.
http://www.hypermed-inc.com

Red Bend Software Inc., a Waltham, Mass.-based provider of software for remotely updating mobile phone applications, has raised $10 million in fifth-round funding. Coral Capital Management was joined by return backers Carmel Ventures, Greylock Partners, Infinity Venture Capital, Pitango Venture Capital and Poalim Ventures. The company has now raised $32.5 million in total venture capital since early 2001. Read more...

Pine Creek Partners has sponsored a recapitalization of Hilden America Inc., a South Boston, Va.-based provider of luxury linens to high-end hotels and restaurants. No financial terms were disclosed for the deal, which also included participation by SunTrust Bank. Read more

Resolvyx Pharmaceuticals Inc., a Bedford, Mass.-based developer of resolvin therapeutics, has raised $25 million in Series B funding. QVT Financial led the round, and was joined by Radius Ventures, Biogen Idec New Ventures and return backers Atlas Venture, CHL Medical Partners and Flagship Ventures. Read more

Play Hard Sports Inc., a Foxboro, Mass.-based developer of casual sports gaming network, has raised $5 million in Series A funding from New Enterprise Associates. The company is run by Jeffrey Anderson, who stepped down as CEO of gaming company Turbine Inc. last October. Harry Weller, a partner with NEA, will join the Play Hard board of directors.

Drug Therapies | Cambridge, Mass.
Sirtris' $720M Sale Looks 'Great' To Investors
Publicly traded Sirtris Pharmaceuticals Inc.'s definitive acquisition agreement by GlaxoSmithKline PLC for about $720 million in cash provides venture backers of the company with a very positive exit, investors said Wednesday.
http://www.sirtrispharma.com

Cambria Pharmaceuticals Inc., a Woburn, Mass.-based biopharmaceutical company, has closed a $5.4 million series A financing. Participating investors included Biogen Idec New Ventures, CommonAngels, and a number of individual investors. In addition, Cambria Pharmaceuticals changed its name from Cambria Biosciences LLC to reflect its focus on discovering small molecules to battle neurological disorders. www.cambriapharma.com

TheStreet.com , (Nasdaq:TSCM) has made an initial $1.2 million investment in Geezeo. For that outlay it acquired about 13 percent of the Framingham, Mass.-based company, and holds an option to purchase the rest of Geezeo anytime during the next 12 months

Aiming to innovate in the e-commerce world, Retail Convergence Inc. has raised a hefty $25 million Series A round to focus on its online fashion sites.

Based in Boston, Retail Convergence encompasses two e-commerce companies: Ruelala.com and SmartBargains.com. The latter Web site was acquired by Retail Convergence as it formed a few months ago.

Ruelala.com, which launched April 10, is a branded invitation-only fashion marketplace for women. Users must be invited to participate in the site's mini-sales, which give users access to brand-name items at discount prices for 24 hours via online boutiques featured on the site. Other venture-backed retailers offering a similar invitation-only model include Ideeli Inc. and Gilt Groupe Inc.

Since the launch of Ruelala.com, 70,000 users have signed up, the company said.

Marlborough, Mass.
HIV Diagnostic Co. PointCare Eyes Profitability
PointCare Technologies Inc. expects to turn profitable this year now that it has secured a $3.6 million Series C to expand marketing of a diagnostic used in the treatment of HIV in developing countries.
http://www.pointcaretechnologies.com

Constellations Pharmaceuticals Inc., a Cambridge, Mass.-based developer of drugs that target selective regulators of epigenetic function, has raised $32 million in Series A funding. The round was co-led by Third Rock Ventures, The Column Group and Venrock. Read more

Concert Pharmaceuticals Inc., a Lexington, Mass.-based provider of small-molecule drugs for unmet medical needs, has raised $37 million in Series C funding. A "leading public equity institutional investor" led the round, and was joined by fellow new investors Adage Capital Management, SR One Ltd., Mediphase Venture Partners and Westfield Capital Management. Return backers included Three Arch Partners, TVM Capital, Skyline Ventures, Brookside Capital Partners Fund, Flagship Ventures, Greylock Partners, New Leaf Venture Partners and QVT Fund. Concert Pharma has now raised $95.5 million in total VC funding since 2006. Read more

Cortera Inc. (f.k.a. eCredit), a Dedham, Mass.-based provider of online solutions for commercial credit and collections professionals, has raised $8 million in new funding. CIBC Capital Partners led the round, and was joined by return backers Fidelity Ventures and Battery Ventures. Fidelity Ventures acquired Cortera in 2006 and, with Battery Ventures, provided $11 million in growth capital. Read more


Predictive Biosciences Novel biomarkers revolutionizing cancer management : Lexington, Massachusetts

Cambridge, Mass.
GM Backs Cellulosic Ethanol Tech Co. Mascoma
General Motors Corp. has made its second investment in a cellulosic ethanol technology developer, which aims to produce ethanol from non-food bio-material.
http://www.mascoma.com

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all good stuff

2008-04-21T08:53:00.001-07:00

Aileron Therapeutics, a Cambridge, Mass.based developer of cell-permeable peptide technology to help treat cancer, announced that it has raised $10 million in Series C funding. The round closed late last year, and was co-led by Apple Tree Partners and the Novartis Venture. Read more...

QD Vision Inc., a Watertown, Mass.-based nanotech product company focused on the display and lighting markets, has called down $9 million of a $16 million Series C round, according to a regulatory filing. Return backers include Highland Capital Partners and North Bridge Venture Partners, while the company's website also lists In-Q-Tel and OSI Ventures as investors. www.qdvision.com

Boston, Mass.
User Manual Co. OwnerIQ Brings Badeau Into Fold
OwnerIQ Inc., a company that helps consumers find user manuals online, has appointed Lisa Badeau to its board of directors.
http://owneriq.net

Highland Capital mentions (may well be repeats of prior listings):

Hangout.net, Boston, 3D social networking.

Old Road Computing, Westford, Management of mobile devices on enterprice networks.

Streambase, Lex. processing technology for streaming real time systems.

Cambridge, Mass.
Aileron Rolls Up $10M For Research Facility
Biopharmaceutical company Aileron Therapeutics Inc. has raised a $10 million Series C round to expand its team and open a new research facility.
http://www.aileronrx.com

Drug Therapies | Boston
Trial Results Trigger Final Close For Paratek's Series H
Biopharmaceutical company Paratek Pharmaceuticals Inc. has closed the second and final tranche of its $40 million Series H round after receiving positive Phase II results for its lead treatment.
http://www.paratekpharm.com

Drug Research | Waltham, Mass.
Dynogen Scratches SPAC Merger, Seeks VC
Dynogen Pharmaceuticals Inc. has terminated its planned merger with a special purpose acquisition company and will instead look to raise new venture financing this year.
http://www.dynogen.com

GamerDNA Inc. (f.k.a. GuildCafe), a Cambridge, Mass.-based social media site for online gamers, has raised $3 million in Series A funding led by Flybridge Capital Partners. The company also raised an undisclosed amount of seed funding from Flybridge last summer. Read more

Cambridge, Mass.
Stromedix Gathers $25M For Fibrosis Drug
With an eye on tackling the wide range of diseases caused by fibrosis, Stromedix Inc. has raised $25 million in Series B funding to advance its lead compound further into the clinic.
http://www.stromedix.com

Imaging Equipment | Woburn, Mass.
VisEn Reopens Series B For $5M More
With a busy rollout of products planned for the year, VisEn Medical Inc. has tapped its existing investors for an additional $5 million in Series B funding, bringing the round to $12 million.
http://www.visenmedical.com

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recent items

2008-04-14T08:10:00.001-07:00

Codon Devices Inc., a Cambridge, Mass.-based synthetic biology company, has raised $11 million in additional Series B funding. It had held a $20 million first close late last year. Participants include Highland Capital Partners, Alloy Ventures, Flagship Ventures, Khosla Ventures, Tactics II Ventures and Kleiner Perkins Caufield & Byers. Read more

Tryton Medical Inc., a Newton, Mass.based maker of stents for the treatment of bifurcation lesions, has raised $14 million in Series C funding. PTV Sciences and RiverVest Venture Partners were joined by return backer Spray Venture Partners. Read more

(some repeats here in the highland capital portfolio openings section below):

Gotuit Digital media platform company delivering metadata-driven video products Woburn, Massachusetts
Hangout Industries 3D social networking Lexington, Massachusetts
Old Road Computing Management of mobile devices on enterprise networks Westford, Massachusetts

Paragon Lake Customized fine jewelry Lexington, Massachusetts
Starent Networks Equipment for multimedia wireless communications Tewksbury, Massachusetts
StreamBase Systems Processing technology for streaming real-time data Lexington, Massachusetts
Turbine Multiplayer online subscription video games Westwood, Massachusetts

Vlingo Corp., a Cambridge, Mass.-based provider of voice recognition for mobile applications, has raised $20 million in Series B funding. Yahoo led the round, and was joined by return backers Charles River Ventures and Sigma Partners. Read more

Lattice Engines Inc., a Boston-based provider of business decision analytics software, has raised $1.7 million in Series A funding led by Battery Ventures, according to a regulatory filing. http://www.lattice-engines.com/

Imprivata Inc., a Lexington, Mass.-based developer of identity management software, has raised $15 million in Series C funding. SAP Ventures led the round, and was joined by return backers General Catalyst Partners, Highland Capital Partners and Polaris Venture Partners. www.imprivata.com

PowerSteering, a Cambridge, Mass.-based provider of project portfolio management software, has raised $3.5 million in new funding. MMV Financial provided $2 million in venture debt, while existing shareholders Advent International and Hudson Ventures provided $1.5 million in new equity. Read more

Reveal Imaging Technologies Inc., a Bedford, Mass.-based provider of luggage-scanning technology, has raised $20.3 million in new debt and equity funding. Brown Brothers Harriman led the round, which included $12.25 million in convertible debt and just over $8 million in Series C equity. Return backers on the equity tranche include Greylock Partners, General Catalyst Partners and Flybridge Capital Partners. www.revealimaging.com

Drug Therapies | Beverly, Mass.
Inotek Restructures After Lucrative Deal Falls Through
Big changes are afoot at Inotek Pharmaceuticals Corp., which has raised $79 million in venture capital since 2004.
http://www.inotekcorp.com

Biopharmaceuticals | Watertown, Mass.
Antibiotic Co. Tetraphase Names First President And CEO
Tetraphase Pharmaceuticals Inc. has named Guy Macdonald as its first president and chief executive.
http://www.tetraphasepharma.com

Video subsystems | Westborough, Mass.
Retired Navy Vice Admiral Takes Tops Spots At RemoteReality
Retired Vice Admiral Dennis McGinn has been named chairman and chief executive officer of RemoteReality Corp., a maker of video appliances with military applications.
http://www.remotereality.com

2008-03-31T07:02:00.001-07:00

OpenService, a Marlborough, Mass.-based provider of enterprise event management solutions, has raised an undisclosed amount of Series D funding. Return backers include Advent International and Hudson Ventures. The company had previously raised around $19 million. Get more info.

Intelligent Bio-Systems, a Waltham, Mass.-based developer of next-generation DNA sequencing systems, has raised around $353,000 in Series A funding, according to a regulatory filing. Backers include Kegonsa Seed Fund and the Hub Angels. www.intelligentbiosystems.com

Constant Contact Inc. (Nasdaq: CTCT), a Waltham, Mass.-based provider of direct marketing email software, has filed for a secondary offering of 4.39 million common shares. This would be worth over $75 million, based on Wednesday's closing stock price of $17.19 per share. Selling shareholders include Morgan Stanley Dean Witter Venture Partners (870,000 share to be sold), Commonwealth Capital Ventures (104,944 shares), Greylock Partners (110,000 shares) and Longworth Venture Partners (700,000 shares). Each of those firms is only selling a portion of their current position. www.constantcontact.com

Boston
Anaqua Bumps Ops Chief To President
Anaqua Inc., a developer of intellectual property management software, has promoted Chief Operating Officer Priya Iyer to president.
http://www.anaqua.com

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2008-03-24T08:50:00.001-07:00

VC Firm | Newton, Mass.
GMZ Gets Backing For Thermoelectric Tech
GMZ Energy Inc., which develops nanostructured thermoelectric material, is emerging from stealth to promote a radical new technology that could pave the way for a new generation of energy-efficient cooling and heat recovery products.
http://www.kpcb.com

BMC Software (BMC) has agreed to acquire BladeLogic (BLOG), a Lexington, Mass.-based provider of data center automation software. The deal is valued at approximately $800 million, or $28 per share. BladeLogic went public last year with a $440 million market cap, after having raised around $35 million in VC funding from firms like Battery Ventures, Bessemer Venture Partners, Globespan Capital Partners and MK Capital. Each of those firms still has a position. Battery , for example, still holds 2.9 million shares. Get more info.

LiveWire Mobile Inc., a subsidiary of NMS Communications Corp. (NMSS), has acquired Groove Mobile Inc., a Bedford, Mass.-based provider of mobile music solutions. The deal is valued at $14.5 million. Groove Mobile had raised around $32.5 million in VC funding since 2001, from firms like Charles River Ventures, Kodiak Venture Partners and Egan-Managed Capital. Get more info.

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weeks and weeks worth

2008-03-19T10:49:00.001-07:00

Lexington, Mass.
Former GeneOhm CEO Takes Reins At Predictive Bio
The executive who steered venture-backed GeneOhm Sciences Inc. to a merger with Becton Dickinson & Co. in 2006 has joined diagnostics start-up Predictive Biosciences Inc. as its first president and chief executive.
http://www.predictivebiosci.com

Aspect Software Inc., a Chelmsford, Mass.-based maker of call center customer interaction management software, has formed a strategic alliance with Microsoft that includes an equity investment. No financial terms were disclosed. Aspect is majority-owned by Golden Gate Capital. Get more info.

none | Billerica, Mass.
Investors Light Up Luminus With $72M
Luminus Devices Inc. has raised more than $72 million in Series E money as the light-emitting diode company looks to expand its technology offerings beyond displays.
http://www.luminus.com

Consumer portals and search sites | Cambridge, Mass.
Endeca Adds $10M To Cap Series F At $25M
Endeca Technologies Inc., a provider of information access software, has added $10 million in Series F financing from existing investors to bring the round total to $25 million.
http://www.endeca.com

Waltham, Mass.
EyeGate Pharma Sees Clearly With $15M Series C
With a $15 million Series C fundraising complete, specialty pharmaceutical company EyeGate Pharmaceuticals Inc. plans to take two of its potential treatments into Phase II testing.
http://www.eyegatepharma.com

Entertainment publishing sites | Newton, Mass.
ExtendMedia Picks VC, M&A Vet For Board
Tom MacIsaac has joined the board of directors of ExtendMedia Inc.
http://www.extend.com

Hydra Biosciences Inc., a Cambridge, Mass.-based developer of drugs that target ion channels, has raised $34 million in Series C funding, according to a regulatory filing. Advanced Technology Ventures led the round, and was joined by return backers Abingworth Management, BioVentures Investors, Lilly Ventures, New Enterprise Associates and Polaris Venture Partners. www.hydrabiosciences.com

Marketing automation software | Waltham, Mass.
Invoke Conjures $7M Third Round
Online marketing research company Invoke Solutions Inc. has raised $7 million in new funds for continued product development.
http://www.invoke.com

Boston
Core Security Names Mark Hatton President And CEO
Enterprise IT security company Core Security Technologies Inc. announced that Mark Hatton has joined the company as its president, chief executive and member of its board of directors.
http://www.coresecurity.com

I-Therapeutix Inc., a Waltham, Mass.-based developer of situ formed hydrogel therapeutic products for ophthalmology, has raised $6 million in Series B funding, according to VentureWire. SV Life Sciences and Versant Ventures co-led the round. www.itherapeutix.com

Allegro Diagnostics, a Boston-based molecular diagnostics company focused on lung cancer, has raised $4 million in Series A funding. Kodiak Venture Partners led the round, and was joined by Catalyst Health Ventures and Boston University . Get more info.

Cambridge, U.K.
Wireless Antenna Maker Zinwave Picks Up $10M
Zinwave Ltd., maker of antennae and wireless infrastructure for coverage inside buildings, has raised a $10 million Series B round.
http://www.zinwave.com

Waltham, Mass.
Aveksa Names Arun Oberoi As Chief Executive
Aveksa Inc., a provider of enterprise access governance software, has named Arun Oberoi as chief executive and member of the board of directors.
http://www.aveksa.com

Wakefield, Mass.
Night Vision Developer NoblePeak Spots $12M Series B
NoblePeak Vision Corp. has raised a $12 million Series B round of funding to finish development and launch its night vision camera this year.
http://www.noblepeak.com

American Education Group, a private education acquisition platform, has acquired Little Sprouts, a provider of pre-K educational services in the Boston area. No financial terms were disclosed AEG was formed last year via a $40 million funding commitment from private equity firms Chicago Growth Partners and Winona Capital Management. Its initial acquisition was a private middle and high school in New Jersey . Get more info.

EveryScape Inc., a Waltham, Mass.-based developer of a virtual online experience of actual metro, suburban and rural areas ("The Real World Online"), has raised $7 million in Series B funding. Dace Ventures led the round, and was joined by return backers Draper Fisher Jurvetson, DFJ New England, Draper Atlantic and LaunchPad Venture Group. Get more info.

Infrastructure Internet services | Burlington, Mass.
Insiders Give Mzinga $20M For Prospero Buy
Mzinga Inc., a corporate social-networking company that has undergone a number of mergers, acquisitions and transformations over the last two decades, has completed another acquisition, Prospero Technologies LLC, and raised $20 million in Series D financing to complete it.
http://www.prospero.com
http://www.mzinga.com

Mzinga Inc., a Burlington, Mass.-based provider of white-label social networks, has raised $32.5 million in new funding. W Capital Partners led the round, and was joined by Bluecrest Capital Finance, GE Equity, Knowledge Industries and company management. Some of the proceeds were used to acquire Littleton, Mass.-based competitor Prospero Technologies. Get more info.

Woburn, Mass.
Netsmart Acquires Nightingale Business For $12.3M
Netsmart Technologies Inc. has acquired a division of Nightingale Informatix Corp. for $12.3 million. Netsmart's owners include Bessemer Venture Partners and Insight Venture Partners.
http://www.ntst.com
http://www.nightingale.md

Navic Networks Products and services for digital cable networks Business Development Executive: Waltham, Massachusetts
Pervasis Therapeutics Treatment of cardiovascular diseases Senior Engineer, New Product Development: Cambridge, Massachusetts

Quattro Wireless Diverse ad placement across the mobile ecosystem QA Engineer: Waltham, Massachusetts
Starent Networks Equipment for multimedia wireless communications Senior Staff Accountant/Billing Supervisor: Tewksbury, Massachusetts
Tatara Systems Mobile services convergence platform QA Automation Engineer: Acton, Massachusetts

Going
Online social resource

Product Manager: Boston, Massachusetts
Senior Operations Engineer: Boston, Massachusetts
Software Developer: Boston, Massachusetts
Software Developer Intern: Boston, Massachusetts
Web/UI Designer: Boston, Massachusetts

Imprivata
Enterprise identity management systems

Implementation Consultant: Midwest
Inside Sales Representative: Lexington, Massachusetts
Software Engineer - Windows Client: Lexington, Massachusetts

Old Road Computing Management of mobile devices on enterprise networks Principal System Architect, Management System: Westford, Massachusetts
Paragon Lake Customized fine jewelry Account Manager: Lexington, Massachusetts

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pe week wire and venturewire items, 2/08

2008-03-02T19:16:00.001-08:00

Surgical Devices | Franklin, Mass.
Arthrosurface Closes Series F At $4M
Orthopedic device company Arthrosurface Inc. has raised about $4 million in a Series F round.
http://www.arthrosurface.com

Mascoma Corp., a Cambridge, Mass.-based provider of cellulosic biomass-to-ethanol development and production, has raised $50 million in Series C funding, according to a regulatory filing. It includes $30 million in equity, and $20 million in debt. General Catalyst Partners was joined by return backers Khosla Ventures, Atlas Venture, Flagship Ventures, Kleiner Perkins, Pinnacle Ventures and VantagePoint Venture Partners. Mascoma had previously raised around $40 million. www.mascoma.com

Cambridge, Mass.
Bit9 Gains Board Member With IPO Experience
Bit9 Inc., a provider of enterprise application security software, has appointed Ron Nordin to its board of directors.
http://www.bit9.com

Proficiency Inc., a Marlborough, Mass.-based provider of OEM and supplier product data integration, has raised $4.25 million in new VC funding. Catalyst Investment led the round, and was joined by return backers Carmel Ventures and Pitango Venture Capital. The company has now raised nearly $60 million in total VC funding since its 1998 inception. Get more info.

Jackpot Rewards, a Newton, Mass.-based online shopping rewards company, has raised $16.7 million in Series A funding. Backers include Jack Connors, founder of Hill Holiday; Peter Lynch of Fidelity Investments, Cluck Clough, former chief investment strategist for Merrill Lynch; and Tom McDonnel, CEO of DST Systems. Get more info.

Incipient Inc., a Waltham, Mass.-based provider of storage virtualization and automated data migration software solutions, has raised $15.6 million in Series E funding. Return backers included Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, Greylock, QuestMark Partners, Sigma Partners and Wasatch Advisors. A new investor also participated, but its identity was not disclosed. Incipient previously had raised $79 million in VC funding since 2001. Get more info.

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just one today

2008-02-20T19:11:00.001-08:00

Newton, Mass.
Angels Hit Jackpot With $16.7M Series A
Jackpot Rewards Inc. has raised a $16.7 million Series A round from prominent angels as it attempts to create a new kind of online sweepstakes service.
http://www.jackpotrewards.com

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recent items from PEweek and venturewire

2008-02-19T12:15:00.001-08:00

Dynogen Pharmaceuticals Inc., a Waltham, Mass.-based drug company focused on gastrointestinal and genitourinary disorders, has agreed to go public via a reverse merger with blank check company Apex Bioventures Acquisition Corp. (AMEX: PEX). The deal includes an upfront payment of $98 million in Apex stock, plus up to another $46 million in stock earn-outs. Dynogen has raised around $67 million in VC funding since 2002, from firms like Oxford Bioscience Partners, Pappas Ventures, Atlas Venture, HealthCare Ventures, Medica Veture Partners, Abingworth Management and SV Life Sciences. www.dynogen.com

Another mention of:

Carbonite Inc., a Boston-based provider of online backup services for consumers and small businesses, has raised $5.2 million in additional Series B funding. It had held a $15 million first close last April. Four Rivers Partners led the tranche, and was joined by return backers 3i Group, Menlo Ventures and Common Angels. http://www.carbonite.com/

Boston
No Obit Needed: Eons Spin-Off Gains $4.2M
After raising more than $32 million in venture backing over two years, baby boomer social network Eons Inc. has spun out its obituary classified service into a separate company, Tributes Inc.
http://www.eons.com
http://www.tributes.com

uLocate Communications, a Framingham, Mass.based developer of location-based applications, has acquired Zync, a Boston-based developer of predictive technologies that provide online users with recommendations for local activities based on the preferences of like-minded individuals. No financial terms were disclosed. uLocate has raised around $15 million in VC funding from GrandBanks Capital, Kodiak Venture Partners and Venrock. Get more info.

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A select few

2008-02-08T10:13:00.001-08:00

Drug Research | Waltham, Mass.
Dynogen Pharma To Go Public Through SPAC Merger
Dynogen Pharmaceuticals Inc. intends to go public by merging with a special purpose acquisition company in a deal that could enable it to push three large-market drugs toward Phase III studies.
http://www.dynogen.com

Liquid Machines Inc., a Waltham, Mass.-based provider of enterprise rights management solutions, has raised $10 million in Series D funding. RRE Ventures led the round, and was joined by return backers Goldman, Sachs & Co., Atlas Venture, Masthead Ventures and Draper Fisher Jurvetson. The company has now raised around $37 million in total VC funding since 2002. Get more info.

Spring Air, a Bostonbased mattress manufacturer, has raised $22 million in financing from existing shareholders H.I.G. Capital and American Capital Strategies. Get more info.

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various e-letters January

2008-02-05T11:49:00.001-08:00

Enterprise security software | Waltham, Mass.
Liquid Machines Drinks Up $10M Series D
Liquid Machines Inc., a seller of enterprise rights management software, has raised a $10 million Series D round of funding.
http://www.liquidmachines.com

Lexington, Mass.
Diagnostics Start-Up Predictive Biosciences Preps For Series B
Molecular diagnostics company Predictive Biosciences Inc. is preparing to raise a Series B round this year, company co-founder and Vice President of Business Development Eugene Chiu said.
http://www.predictivebiosci.com

Lowell, Mass.
After $13M, Virtual Iron Lands $20M More
Just six months after closing a $13 million Series D round, Virtual Iron Software Inc., a competitor of VMware Inc., has raised another $20 million.
http://www.virtualiron.com

Boston
Myomo Takes In $3M Series B, Seeks $8M More
Myomo Inc., a developer of neuro-robotic devices for restoring motor function, has raised over $3 million in Series B financing from angels as it looks to add $8 million more from VCs.
http://www.myomo.com

Boston
Visible Measures Scores $13.5M For Online Video Analytics
Visible Measures Corp. has raised a $13.5 million round of funding to fast-forward its efforts to monitor the way users interact with online videos.
http://www.visiblemeasures.com

GreatPoint Energy Inc., a Cambridge, Mass.-based developer of low-cost gasification technologies, has received an undisclosed amount funding from Peabody Energy Inc. (NYSE: BTU). The investment is part of a larger strategic deal, whereby Peabody will provide coal supplies to GreatPoint, and the two will jointly developer coal-to-natural gas manufacturing facilities at or near the Peabody mines. GreatPoint previously had raised around $150 million in VC funding from Advanced Technology Ventures, DFJ, Kleiner Perkins Caufield & Byers, Khosla Ventures, Dow Chemical Co., Citi Sustainable Development Investments, AES Corp. and Suncor Energy. Get more info.

Endeca Technologies Inc., a Cambridge, Mass.-based provider of search and information access software, has raised $10 million from Intel Capital and another $5 million from SAP Ventures. The company previously raised around $45 million from Bessemer Venture Partners, Lehman Brothers, Ampersand Ventures, Venrock, Monarch Capital Partners, DN Capital and Granite Global Ventures. www.endeca.com

BG Medicine Inc., a Waltham, Mass.-based developer of molecular diagnostics based on biomarkers, has withdrawn its IPO registration, citing âunfavorable market conditions.â The company originally planned to raise up to $72 million, but later lowered its high mark to $45 million. Cowen & Co. was serving as lead underwriter. BG Medicine has raised around $37 million in VC funding since 2000, from firms like Flagship Ventures (57.5% pre-IPO stake), Gilde Investment Management (17.4%) and Koniklijke Philips Electronics (8%). www.beyondgenomics.com

Questex Media Group Inc., a Newton, Mass.-based B2B media company owned by Audax Group, has acquired FierceMarkets, an online B2B media company. No financial terms were disclosed. Jordan, Edmiston Group advised FierceMarkets on the deal. www.questex.com

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From recent newsletters

2008-01-24T13:29:00.001-08:00

not a start up , but a small IPO:

LogMeIn Inc. (f.k.a. 3am Labs), a Woburn, Mass.-based provider of user remote connectivity and support services, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol LOGM, with Lehman Brothers and JPMorgan serving as co-lead underwriters. LogMeIn has raised around $20 million in VC funding since 2004, from firms like Prism VentureWorks (23.98%), Polaris Venture Partners (21.16%), 3TS Capital Partners (15.96%), Integral Capital Partners (8.98%) and Intel Capital (5.47%). www.logmein.com

Aushon Biosystems Inc., a Burlington, Mass.-based developer of enabling technologies for life science research, drug discovery/development and clinical diagnostics, has secured $4 million of a $7 million Series B round, according to a regulatory filing. Return backer North Bridge Venture Partners is the only institutional shareholder listed. www.aushonbiosystems.com

Consumer portals and search sites | Cambridge, Mass.
Endeca Inks $15M From Strategic Backers
Looking to improve its relationships with some larger technology companies, Endeca Technologies Inc., a provider of information access software, has secured $15 million from strategic investors.
http://www.endeca.com

Waltham, Mass.
Aveksa Piles On $12M For Compliance Software
When its limited partners expressed an interest in using Aveksa Inc.'s enterprise access products, FTVentures decided to take the company in its own hands.
http://www.aveksa.com

Arbor Networks, a Lexington, Mass.based provider of secure service control solutions for global business networks, has agreed to acquire Ellacoya Networks Inc., a Merrimack, N.H.-based provider of broadband service optimization solutions to carriers. No financial terms were disclosed. Arbor has raised around $33 million in VC funding between 2000 and 2002, from firms like Battery Ventures, EDF Ventures, Comcast Interactive Capital, Thomas Weisel Partners, Cisco Systems, SAIC Venture Capital and Ironside Ventures. Ellacoya has raised over $190 million in total VC funding since its 1999 inception, including a venture recap in 2003. Current shareholders include Lightspeed Venture Partners, Atlas Venture, Summerhill Venture Partners and Flagship Ventures.

PeptImmune Inc., a Cambridge, Mass.-based drug company focused on chronic autoimmune and inflammatory disorders, has raised $8.2 million in the first close of a Series D round. Return backers included New Enterprise Associates, MPM Capital, Hunt Ventures, Boston Medical Ventures and Silicon Valley Bank Capital. The company had previously raised around $66 million in VC funding since its 2003 spinout from Genzyme, with other investors including Prism VentureWorks, Vanguard Ventures and Itochu Corporation. Get more info.

Pervasis Therapeutics Inc., a Cambridge, Mass.-based developer of regenerative cell-based therapies and devices, has raised $9.75 million in Series B-1 funding. Return backers include Flagship Venture Partners, Polaris Venture Partners, Highland Capital Partners, and Musket Research Associates. Get more info.

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Highland Capital Partner job list companies

2008-01-23T08:36:00.001-08:00

Codon Devices Commercial applications of synthetic biology Cambridge, Massachusetts
Navic Networks Products and services for digital cable networks Waltham, Massachusetts
Pervasis Therapeutics Treatment of cardiovascular diseases Cambridge, Massachusetts
Quattro Wireless Diverse ad placement across the mobile ecosystem Waltham, Massachusetts
Starent Networks Equipment for multimedia wireless communications Tewksbury, Massachusetts
Vertica Systems Database engine technology Andover, Massachusetts

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Ze-gen

2008-01-11T11:00:00.001-08:00

Ze-gen Inc., a Boston-based developer of gasification technology, has raised $2.5 million in venture debt from Pinnacle Ventures. Ze-Gen is attempting to convert municipal waste streams into synthetic gas and generate both low-emissions electricity and renewable energy credits. It had previously raised around $8 million in VC funding from Flagship Venturesand Vantagepoint Venture Partners. Get more info.

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EDA co.

2008-01-11T05:49:00.001-08:00

Electronic design automation software | Waltham, Mass.
EDA Co. Carbon Design Gets $6M Series E Round
Electronic design automation company Carbon Design Systems Inc. has raised $6 million in Series E funding from its existing investors.
http://carbondesignsystems.com

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Primera

2008-01-09T07:22:00.001-08:00

Mansfield, Mass.
Primera Gets $21M Series B For Commercialization
Looking to gear up for full-scale commercialization next year, molecular diagnostics company Primera Biosystems Inc. has raised $21 million in Series B financing.
http://www.primerabio.com

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Quick posts

2008-01-07T05:44:00.001-08:00

Follica Inc., a Boston-based developer of treatments for androgenetic alopecia, has raised $5.5 million in Series A funding. Interwest Partners led the deal, and was joined by return backer PureTech Ventures. Get more info.

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