Top New England Deals: VC Report  From the Boston Globe: California dreamin?
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| Industry |
Company |
City |
State |
Amount raised (mill.) |
Investors |
Round |
Description |
| Biotechnology | Merrimack Pharmaceuticals, Inc. | Cambridge | MA | $28,300,000 | Sorenson Capital Partners, Wharton Biotechnology Advisors, LLC, Unilever NV, Undisclosed Non Venture Firm | 2 | Research protein networks and the interactions that mediate cellular paths. |
| Biotechnology | Sirtris Pharmaceuticals, Inc. | Waltham | MA | $27,000,000 | Cardinal Partners, Cargill Ventures, Hunt Ventures, LP, Novartis Corp., Polaris Venture Partners, Skyline Ventures, Techno Venture Management, Three Arch Partners, Welcome Trust | 3 | Develops drugs to treat metabolic disease. |
| Biotechnology | TolerRx, Inc. | Cambridge | MA | $13,599,600 | Aozora Investment Co. Ltd., Bear Stearns Health Innoventures, Duke University, Genentech Corporation, HealthCare Ventures LLC, Lehman Brothers Health Care Group, NIF Ventures Co., Ltd., Rho Ventures, Skyline Ventures, Sprout Group, Vertex Management Pte, Ltd., Yasuda Enterprise Development Co., Ltd. | 7 | Develops novel therapies that induce or remove immunological tolerance. |
| Biotechnology | Seahorse Bioscience | North Billerica | MA | $10,460,000 | Commonwealth Capital Ventures, Flagship Ventures | 3 | Develops novel bioassay based on ultra-sensitive infrared imaging of cells. |
| Biotechnology | Alantos Pharmaceuticals Holding, Inc. | Cambridge | MA | $7,900,000 | ABN AMRO Private Equity, Earlybird Venture Capital, Heidelberg Innovation GmbH, Oxford Bioscience Partners, SV Life Sciences Advisers, Ventech | 4 | Operates as a biopharmaceutical company engaged in drug discovery. |
| Biotechnology | SynBio Corporation | Cambridge | MA | $4,350,000 | Undisclosed Venture Firm | 1 | Develops synthesizing technologies for any desired DNA sequence. |
| Biotechnology | Protedyne Corporation | Windsor | CT | $3,010,000 | Boston Community Capital, DLJ Merchant Banking Partners, FreshTracks Capital, Long River Capital Partners, LLC, Meridian Venture Partners, Sprout Group, Village Ventures, Worcester Capital Partners, LLC, Individuals | 6 | Provides laboratory automation solutions for genome-based drug discovery. |
| Biotechnology | Undisclosed Company Name | Providence | RI | $1,000,000 | Undisclosed Company Investors | 1 | Undisclosed company business description |
| Business Products and Services | Optaros, Inc. | Cambridge | MA | $7,000,000 | Charles River Ventures, General Catalyst Partners | 1 | Provides consulting and systems integration services. |
| Business Products and Services | Practical Engineering, Inc. | Framingham | MA | $2,000,000 | Draper Fisher Jurvetson New England, Draper Fisher Jurvetson | 2 | Provides engineering services. |
| Computers and Peripherals | Akorri Networks, Inc. | Littleton | MA | $8,427,000 | BlueStream Ventures, Matrix Partners, North Bridge Venture Partners | 1 | Provides technology services. |
| Computers and Peripherals | Nutfield Technology, Inc. | Windham | NH | $500,000 | Venture Capital Fund of New England | 5 | Designs galvanometer based optical scanners and CO2 laser products. |
| Electronics/Instrumentation | Integrated Fuel Cell Technologies, Inc. | Bedford | MA | $625,000 | Solstice Capital, Undisclosed Venture Firm | 3 | Developing a fuel cell that is small enough to fit on a microchip. |
| Financial Services | Parcxmart Technologies, Inc. | Hampton Falls | NH | $2,000,000 | eCoast Angels | 1 | Operates an electronic payments company specializing in municipal parking. |
| Healthcare Services | Allegiance Hospice | Lowell | MA | $4,575,000 | Salix Ventures, SV Life Sciences Advisers, Individuals | 1 | Provides hospice care. |
| Industrial/Energy | Aspen Aerogels, Inc. | Northborough | MA | $30,000,000 | Lehman Brothers, LG Venture Investment Inc., Reservoir Capital Group, Rockport Capital Partners, Undisclosed Corporate Investor | 3 | Develops aerogel nanotechnologies. |
| Industrial/Energy | EnerNOC, Inc. | Boston | MA | $7,997,000 | Braemar Energy Ventures, Draper Fisher Jurvetson, Draper Fisher Jurvetson New England, Foundation Capital | 3 | Provides energy solutions to the distributed generation market. |
| Industrial/Energy | Aircuity, Inc. | Newton | MA | $580,000 | FreshTracks Capital, IDP Group, Long River Capital Partners, LLC, Venture Capital Fund of New England, Village Ventures Worcester Capital Partners, LLC | 5 | Provides intelligent air monitoring products and web based data services. |
| Industrial/Energy | Innov X Systems | Woburn | MA | $130,000 | CEI Ventures, Inc., Rand Capital Corporation | 2 | Designs and manufactures x-ray fluorescence (XRF) analyzers. |
| IT Services | Red Bend Software, Inc. | Framingham | MA | $10,000,000 | Carmel Ventures, Greylock, Infinity Capital LLC, Pitango Venture Capital, Undisclosed Venture Firm | 4 | Develops technology for updating and installing on mobile devices. |
| IT Services | CLK Design Automation, Inc. | Harvard | MA | $5,000,000 | Atlas Venture, Ltd., Undisclosed Venture Firm | 1 | Electronic design automation. |
| IT Services | Marathon Technologies Corporation | Littleton | MA | $1,200,000 | Atlas Venture, Ltd., Longworth Venture Partners, L.P., Undisclosed Venture Firm | 2 | Develops fault and disaster tolerance software. |
| IT Services | Wandrian, Inc. | Newton | MA | $900,000 | Brook Venture Partners, L.L.C. | 1 | Develops e-commerce travel software. |
| Media and Entertainment | Turbine, Inc. | Westwood | MA | $30,000,000 | Columbia Capital LLC, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures | 3 | Develops multi-player online role playing games for the PC. |
| Media and Entertainment | Eleven Technology, Inc. | Cambridge | MA | $2,017,000 | Highland Capital Partners | 6 | Provides an online marketplace for food and beverage products. |
| Media and Entertainment | EatingWell, Inc. | Charlotte | VT | $825,000 | Barred Rock Fund, Boston Community Capital, FreshTracks Capital, Village Ventures, Undisclosed Venture Firm | 11 | Publishes books and magazines concerning food and nutrition. |
| Medical Devices and Equipment | Confluent Surgical, Inc. | North Waltham | MA | $22,999,800 | Ascension Health Ventures LLC, Cross Atlantic Partners, Inc., Essex Woodlands Health Ventures, HLM Venture Partners, SV Life Sciences Advisers, Techno Venture Management, Three Arch Partners | 6 | Develops In-situ-polymerized Biomaterials for minimally invasive surgery. |
| Medical Devices and Equipment | Predix Pharmaceuticals, Inc. | Woburn | MA | $21,799,600 | Boston Millennia Partners, CMEA Ventures, Forward Ventures, Novell Ventures, OrbiMed Advisors LLC, S.R. One, Limited, Yamanouchi Venture Capital LLC, Yasuda Enterprise Development Co., Ltd., Yozma Venture Capital Ltd, Undisclosed Venture Firm | 5 | Develops computer-based technology that creates 3-D physiologic models. |
| Medical Devices and Equipment | Spherics, Inc. | Lincoln | RI | $15,744,800 | Advent International, A.M. Pappas & Associates LLC, BPEA Vectis I LLC, CB Health Ventures LLC, Oakwood Medical Investors, POD Holding, Zero Stage Capital Co., Inc. | 5 | Develops an oral drug delivery for poorly absorbed drugs. |
| Medical Devices and Equipment | ArthroSurface, Inc. | Franklin | MA | $10,500,000 | Boston Millennia Partners, Undisclosed Venture Firm | 3 | Develops methods for treating focal cartilage defects in humans and animals |
| Medical Devices and Equipment | Scandius BioMedical, Inc. | Littleton | MA | $8,000,000 | Commerce Health Capital, Ivy Capital Partners, KBL Healthcare Ventures, Stockton Ventures | 3 | Develops surgical instruments for sports medicine applications. |
| Medical Devices and Equipment | Axya Medical, Inc. | Beverly | MA | $7,000,000 | Crossbow Ventures, Prism Venture Partners, SightLine Partners, Vertical Group | 5 | Develops medical devices to ultrasonically weld polymer sutures. |
| Medical Devices and Equipment | Repromedix Corporation | Woburn | MA | $2,275,000 | Brook Venture Partners, L.L.C., Ironwood Partners LLC | 2 | Conducts esoteric advanced genetic, hormonal, and infertility testing. |
| Medical Devices and Equipment | Zapaq, Inc. | Waltham | MA | $400,000 | Sanderling Ventures | 3 | Discovers and develops therapeutics that target aspartic proteases. |
| Medical Devices and Equipment | InfraReDx, Inc. | Cambridge | MA | $350,000 | Sanderling Ventures | 1 | Develops technology for the early detection of heart ailments. |
| Networking and Equipment | Colubris Networks, Inc. | Waltham | MA | $14,999,900 | Business Development Bank of Canada, Doll Capital Management, GrandBanks Capital, Mid Atlantic Venture Funds, Prism Venture Partners, Telecommunications Development Fund | 3 | Manufactures wireless LAN routers for small-to-medium sized business. |
| Networking and Equipment | Undisclosed Company Name | Maynard | MA | $10,100,000 | Undisclosed investors | 2 | Undisclosed business description |
| Networking and Equipment | Ammasso, Inc. | Boston | MA | $3,750,000 | CDP Capital Technology Ventures, Inflection Point Ventures, Prism Venture Partners, Velocity Equity Partners LLC | 3 | Provides Ethernet-based products for clustered computing. |
| Networking and Equipment | kSARIA, Inc. | Wilmington | MA | $3,040,000 | Advent International, Boulder Ventures, Ltd., North Bridge Venture Partners, U.S. Venture Partners | 4 | Manufactures automation systems for the fiber optics industry. |
| Networking and Equipment | SerCoNet | Southborough | MA | $1,852,000 | Alice Ventures Srl, Pitango Venture Capital | 5 | Provides installation of home or office LANs over existing telephone lines. |
| Retailing/Distribution | London Taxi of North America | Sudbury | MA | $800,000 | Venture Capital Fund of New England, Undisclosed Venture Firm | 2 | Operates as the U.S. distributor of London Taxi automobiles. |
| Semiconductors | Luminus Devices | Cambridge | MA | $17,124,900 | Battery Ventures, L.P., Draper Fisher Jurvetson, Stata Venture Partners | 3 | Develops optical components. |
| Semiconductors | Nantero, Inc. | Woburn | MA | $15,000,000 | Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Harris & Harris Group, Inc., Stata Venture Partners | 3 | Develops advanced semiconductors using nanotechnology. |
| Semiconductors | Ahura Corporation | Wilmington | MA | $10,000,200 | ARCH Venture Partners, Castile Ventures, ComVentures, Undisclosed Venture Firm | 2 | Develops optical networking equipment and technology. |
| Semiconductors | ALIS Technology Corporation | Beverly | MA | $3,500,000 | ARCH Venture Partners, Kodiak Venture Partners | 1 | Developing a helium ion source microscope. |
| Software | Incipient, Inc. | Waltham | MA | $20,150,100 | Globespan Capital Partners, GrandBanks Capital, Greylock, HLM Venture Partners, Sigma Partners | 4 | Develops management software for storage. |
| Software | Ardence, Inc. | North Waltham | MA | $14,000,000 | Capital Resource Partners | 8 | Develops software solutions for the Windows operating systems. |
| Software | ExaGrid Systems, Inc. | Westborough | MA | $13,500,000 | Highland Capital Partners, Sigma Partners | 3 | Develops data protection and storage software. |
| Software | Network Intelligence Corp. | Westwood | MA | $12,100,000 | Ascent Venture Partners, Bain Capital, Castile Ventures, Egan Managed Capital, JMI Equity | 3 | Provides value-added reseller of Internet software and hardware products. |
| Software | StreamBase Systems, Inc. | Lexington | MA | $11,000,000 | Accel Partners, Bessemer Venture Partners, Highland Capital Partners | 3 | Develops database software for the processing of streamed data. |
| Software | DataPower Technology, Inc. | Cambridge | MA | $10,000,000 | Atlas Venture, Ltd., Mobius Venture Capital, Seed Capital Partners, Venrock Associates | 4 | Provides enterprises with XML-Aware network infrastructure. |
| Software | Undisclosed Company Name | Andover | MA | $7,040,000 | Undisclosed investors | 1 | Undisclosed business description |
| Software | ChoiceStream, Inc. | Cambridge | MA | $7,000,000 | General Catalyst Partners | 1 | Provides personalization solutions for online consumer services. |
| Software | Kiva Systems, Inc. | Burlington | MA | $6,500,000 | Bain Capital | 2 | Provides mobile solutions for inventory storage, movement and sorting. |
| Software | NitroSecurity, Inc. | Portsmouth | NH | $6,500,000 | First Analysis Corp. | 2 | Provides intrusion prevention solutions for enterprise networks. |
| Software | Idiom Technologies, Inc. | Waltham | MA | $6,000,000 | North Bridge Venture Partners, Undisclosed Venture Firm | 5 | Provides enterprise globalization software and services. |
| Software | Brix Networks, Inc. | Chelmsford | MA | $5,000,100 | Castile Ventures, Charles River Ventures, ComVentures, Fidelity Ventures, Partech International, SVM STAR Ventures Management | 5 | Provides system management software and services for ISPs. |
| Software | Veridiem, Inc. | Maynard | MA | $5,000,000 | Infinity Capital LLC, North Bridge Venture Partners, Venrock Associates | 5 | Develops marketing resource management software. |
| Software | NextNine, Inc. | Cambridge | MA | $4,999,800 | Ascend Technology Ventures, Israel Infinity Fund, LP, Morgan Stanley Private Equity, Ofer Hi Tech, Redwood Venture Partners, Yozma Venture Capital Ltd | 4 | Develops technology to support embedded systems. |
| Software | Core Security Technologies | Boston | MA | $4,550,000 | Morgan Stanley Venture Partners | 1 | Provides penetration testing products for assessing security risks. |
| Software | Prolify, Inc. | Framingham | MA | $4,200,000 | Cupertino Ventures Partnership, L.P., Gemini Capital Fund Management Ltd, Pitango Venture Capital | 1 | Develops enterprise software for monitoring IT operations. |
| Software | IntelliVid Corporation | Cambridge | MA | $4,000,000 | Draper Fisher Jurvetson, Egan Managed Capital, Flagship Ventures, Undisclosed Venture Firm | 2 | Develops video surveillance system software. |
| Software | BEZ Systems, Inc. | Boston | MA | $3,600,000 | Brooke Private Equity Management LLC, JMI Equity, MTDC, Velocity Equity Partners LLC | 2 | Provides Predictive Performance Management (PPM) solutions to businesses. |
| Software | TriSixty Security | Marlborough | MA | $3,250,000 | AxcessNet, Ltd. , Gemini Capital Fund Management Ltd | 1 | Provides security management solutions for policy enforcement. |
| Software | Click Tactics, Inc. | North Waltham | MA | $3,000,000 | IDG Ventures | 7 | Provides outsourced business solutions. |
| Software | SupplyScape Corporation | Cambridge | MA | $2,900,000 | IDG Ventures, North Bridge Venture Partners, Pilot House Ventures Group, LLC | 2 | Provides electronic solutions to safeguard the pharmaceutical supply chain. |
| Software | SmartTime Software, Inc. | Framingham | MA | $2,500,000 | North Hill Ventures, Zon Capital Partners | 3 | Provides workforce management solutions. |
| Software | AccuRev, Inc. | Lexington | MA | $2,250,000 | Commonwealth Capital Ventures | 1 | Develops software configuration management solutions. |
| Software | Integrated Development Enterprise, Inc. | Concord | MA | $2,000,000 | Undisclosed Venture Firm, Flagship Ventures | 8 | Develops enterprise software. |
| Software | Contact Network Corporation | Boston | MA | $1,600,000 | Individuals, Undisclosed Venture Firm | 1 | Develops Enterprise Software that improves existing corporate systems. |
| Software | Exchange Solutions, Inc. | North Waltham | MA | $1,000,000 | Valhalla Partners | 3 | Provide customer value management (CVM) software and services. |
| Software | SilverBack Technologies, Inc. | Billerica | MA | $1,000,000 | Ironside Ventures LLC, Matrix Partners, North Bridge Venture Partners | 8 | Provides IT monitoring products for the midterm middle marketplace. |
| Software | RepWire, Inc. | Boston | MA | $778,000 | Venture Capital Fund of New England | 2 | Provides sales representative scheduling software for physicians' offices. |
| Software | Post N Track Corp. | Middletown | CT | $700,000 | Connecticut Innovations, Inc. | 2 | Develops secure exchange solutions for healthcare claims and transactions. |
| Software | Nexaweb Technologies | Cambridge | MA | $404,000 | Egan Managed Capital, Velocity Equity Partners LLC | 4 | Operates an infrastructure software company using the Web to lower costs. |
| Software | ComBrio, Inc. | Westborough | MA | $162,000 | Inflection Point Ventures, Still River Fund, Venture Capital Fund of New England | 3 | Develops solutions that enable secure remote support over IP. |
| Software | Magenta Medical Corporation | Hanover | NH | $0 | Borealis Ventures, Village Ventures | 5 | Develops software for use in the medical industry. |
| Telecommunications | Rivulet Communications, Inc. | Portsmouth | NH | $15,000,000 | Menlo Ventures, Undisclosed Venture Firm | 1 | Develops IP network technology. |
| Telecommunications | SmartLink Radio Networks, Inc. | Billerica | MA | $15,000,000 | General Catalyst Partners, Highland Capital Partners, Key Venture Partners | 2 | Provides two-way radio communications networking solutions. |
| Telecommunications | Aylus Networks, Inc. | Waltham | MA | $10,000,000 | Matrix Partners, North Bridge Venture Partners | 1 | Develops software and hardware for use in wireless handsets. |
| Telecommunications | Camiant, Inc. | Marlborough | MA | $8,000,000 | Matrix Partners, North Bridge Venture Partners, Pilot House Ventures Group, LLC, Undisclosed Venture Firm | 2 | Provides advanced multimedia services over broadband networks. |
| Telecommunications | Digit Wireless, Inc. | Lexington | MA | $6,000,100 | Qualcomm Ventures, TELUS Ventures, Venrock Associates, Undisclosed Investor, Undisclosed Venture Firm | 1 | Provides mobile device interface solutions. |
| Telecommunications | Pivot Solutions, Inc. | Boston | MA | $5,000,000 | Boldcap Ventures LLC, Draper Fisher Jurvetson Gotham Venture Partners, Hudson Venture Partners, Wasatch Venture Fund, Undisclosed Non Venture Firm | 1 | Provides electronic trading and instant messaging services. |
| Telecommunications | Brightcove, Inc. | Cambridge | MA | $3,500,000 | Accel Partners, Accelerated Growth Partners, General Catalyst Partners | 1 | Offers multimedia services over the Internet. |
| Telecommunications | Video Marketplace, Inc. | Cambridge | MA | $3,125,000 | General Catalyst Partners | 1 | Develops software and Internet-hosted services for video distribution. |
| Telecommunications | Castel, Inc. | Beverly | MA | $2,000,000 | Catalyst Health and Technology Partners LLC | 3 | Develops enterprise software for call-centers. |
| Telecommunications | WAY Systems, Inc. | Woburn | MA | $1,445,000 | Global Internet Ventures, Visa International | 5 | Provides POS payment transactions through GSM handsets. |
| PricewaterhouseCoopers/Venture Economics/National Venture Capital Association Money Tree Survey, prepared exclusively for The Boston Globe. Sector investment totals include deals not listed below because company names, dollar amounts, or investors were not disclosed. |
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