New England Deals  Early-stage venture funding heats up Close Window
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| Company | City | State | Industry | Amount raised (mill.) | Investors | Round | Description |
| AAA Entertainment | Providence | RI | Media and entertainment | $0.5 | Alta Communications | 7 | Owns and operates radio stations in small and medium size markets. |
| Acopia Networks | Chelmsford | MA | Software | $30.0 | St. Paul Venture Capital, Inc., Charles River Ventures , Accel Partners, STAR Ventures, Itochu Technology, undisclosed firm | 2 | Develops network systems products. |
| AeroSat Corporation | Temple | NH | Telecommunications | $2.3 | North Atlantic Capital Corp. | 6 | Provides satellite antenna broadcasting systems. |
| Affinnova | Cambridge | MA | Software | $6.0 | Flagship Ventures, undisclosed firm | 2 | Develops algorithm-based software. |
| Aircuity | Newton | MA | Industrial/energy | $4.3 | Venture Capital Fund of New England, IDP Group, Navigator Technology Ventures | 2 | Provides intelligent air monitoring products and web based data services. |
| Amerivault Corporation | North Waltham | MA | Information technology services | $1.0 | Alta Communications | 2 | Provides online backup and recovery services. |
| Ammasso | Boston | MA | Networking and equipment | $10.0 | Prism Venture Partners, CDP Capital Technology Ventures, Inflection Point Ventures, Velocity Equity Partners, LLC | 1 | Provides an Ethernet-based networking card. |
| Aura Communications | Wilmington | MA | Semiconductors | $2.0 | Duchossois TECnology Partners, LLC, Motorola Ventures, undisclosed firm | 5 | Operates as a fabless semiconductor firm for wireless voice, data and audio. |
| Broadbus Technologies | Boxborough | MA | Telecommunications | $0.0 | Infineon Ventures GmbH | 3 | Provides broadband solutions with a line of video on demand servers |
| Chaoticom | Hampton Falls | NH | Networking and equipment | $9.0 | Charles River Ventures, Kodiak Venture Partners, undisclosed firm | 3 | Develops data compression and encryption technology equipment and software. |
| ChipWrights | Newton | MA | Semiconductors | $18.2 | SpaceVest, Axxon Capital, LP, Southwest Venture Partnerships, TechFarm Ventures, Rock Maple Ventures, L.P., Band of Angels, Axiom Venture Partners, L.P., Adams, Harkness & Hill Technology Ventures, Egan Managed Capital, New England Partners, Entrepia Ventures, undisclosed firm | 4 | Develops pixel processing devices for digital imaging applications. |
| Clarendon Photonics | Newton | MA | Networking and equipment | $5.0 | Sevin Rosen Funds, New Enterprise Associates, Ampersand Ventures, Vortex Partners, LP | 3 | Designs and manufactures high-density photonic components. |
| Club Motorsports | Derry | NH | Other | $1.5 | AreteCapital Group, undisclosed firm | 1 | Operates an automobile race club. |
| Cohesive Technologies | Franklin | MA | Biotechnology | $8.0 | Psilos Group Managers, LLC, Mitsubishi Corp., Hudson Venture Partners, Oxford Bioscience Partners | 5 | Manufactures bioseparation chemical products. |
| CoreStreet | Somerville | MA | Software | $4.0 | POD Holding | 1 | Develops security software that protects all areas of a corporation. |
| Cymfony | Newton | MA | Software | $0.8 | Trident Capital | 3 | Develops technology to identify business intelligence information. |
| Demantra | North Waltham | MA | Software | $16.0 | Advent International Corp, Intel Capital, Formula Ventures Ltd., Challenge Fund Etgar LP, Cargill Ventures, undisclosed firm | 2 | Provides demand management solutions for real-time planning. |
| EnerNOC | Boston | MA | Industrial/energy | $0.8 | Draper Fisher Jurvetson, undisclosed firm | 1 | Provides energy solutions to the distributed generation market. |
| eNOS Pharmaceuticals | Cambridge | MA | Biotechnology | $0.4 | Polaris Venture Partners, Essex Woodlands Health Ventures | 5 | Develops treatments for strokes and to prevent strokes. |
| Evolution Benefits | Avon | CT | Healthcare services | $3.5 | Sprout Group, undisclosed firm | 1 | Provides stored value card employee benefits payment processor. |
| FilesX | Southborough | MA | Networking and equipment | $7.5 | Benchmark Capital, Index Ventures Management SA, Genesis Partners | 2 | Develops device for the improvement of data access speed. |
| FurnitureFan.com | Sudbury | MA | Retailing/distribution | $0.5 | Zero Stage Capital Co., Inc. | 9 | Operates a Web-based marketing service for the furniture industry. |
| Genalytics | Newburyport | MA | Software | $0.5 | Egan Managed Capital | 6 | Provides market analytics and pattern recognition software. |
| GI Dynamics | Newton | MA | Medical devices and equipment | $4.1 | Advanced Technology Ventures, Domain Associates, L.L.C., Polaris Venture Partners, Catalyst Health and Technology Partners, LLC, undisclosed firm | 1 | Develops innovative medical devices for the treatments of obesity. |
| Gotuit Media | Andover | MA | Media and entertainment | $1.2 | Highland Capital Partners, undisclosed firm | 4 | Provides personalized media services. |
| Imaging Automation | Bedford | NH | Software | $6.0 | Zero Stage Capital Co., Inc., Green Mountain Advisors, Inc., NeoCarta Ventures, Inc., Cross Atlantic Partners, Inc., undisclosed firm | 11 | Develops imaging software and image capturing devices for biometrics. |
| Incipient | Waltham | MA | Software | $15.0 | HLM Management Co., Greylock, undisclosed firm | 4 | Develops management software for storage. |
| InfoClarus | Lexington | MA | Software | $1.8 | Prism Venture Partners | 2 | Operates as a mobile solutions company. |
| Ion Optics | Waltham | MA | Networking and equipment | $2.5 | Ardesta | 6 | Operates as an optical technology platform provider. |
| ISOPur Fluid Technologies | Rocky Hill | CT | Industrial/energy | $8.5 | Advent International Corp., undisclosed firm | 2 | Provides fluid purification solutions. |
| Juno Rising | Burlington | VT | Consumer products and services | $0.2 | CEI Ventures, Inc. | 3 | Manufactures outerwear and sportswear for women. |
| Legra Systems | Burlington | MA | Networking and equipment | $6.5 | Genesis Partners, Kodiak Venture Partners | 2 | Develops networking systems for wireless LANs (WLAN). |
| Lilliputian System | Woburn | MA | Telecommunications | $2.6 | Atlas Venture, undisclosed firm | 2 | Develops fuel cell technology for wireless devices. |
| Lumigent Technologies | Acton | MA | Software | $7.0 | Greylock, North Bridge Venture Partners, Solstice Capital, undisclosed firm | 2 | Provides solutions that safeguard the integrity of data assets. |
| Luminus Devices | Cambridge | MA | Semiconductors | $4.0 | Draper Fisher Jurvetson, undisclosed firm | 1 | Develops optical components. |
| Magenta Medical | Hanover | NH | Software | $0.6 | Tenex Greenhouse Ventures, Borealis Ventures, FreshTracks Capital, Village Ventures, Inc., undisclosed firm | 1 | Develops software for use in the medical industry. |
| Maptuit | Burlington | MA | Telecommunications | $2.0 | Flagship Ventures | 3 | Provides address matching, route generation, map rendering, and directions. |
| Med i Bank | Waltham | MA | Healthcare services | $5.0 | Mesirow Private Equity Investments, Inc. | 6 | Provides medical claims processing services. |
| MIDAS Vision Systems | Foxborough | MA | Semiconductors | $0.2 | Hudson Venture Partners | 7 | Develops automated optical inspection systems for fine line circuits. |
| Momenta Pharmaceuticals | Cambridge | MA | Biotechnology | $19.0 | Atlas Venture, MVM Ltd., Polaris Venture Partners, Cardinal Partners, undisclosed firm | 4 | Develops novel therapeutics/diagnostics using glycomics (study of sugars). |
| Nexaweb Technologies | Cambridge | MA | Software | $4.3 | Egan Managed Capital, Boardman Ventures, Masthead Venture Partners, LLC, Velocity Equity Partners, LLC | 1 | Operates an infrastructure software company using the Web to lower costs. |
| Not disclosed | Waltham | MA | Biotechnology | $5.5 | Not disclosed | 3 | Not disclosed. |
| Not disclosed | Westborough | MA | Computers and peripherals | $8.6 | Not disclosed | 1 | Not disclosed. |
| Not disclosed | Lexington | MA | Other | $0.0 | Not disclosed | 1 | Company Description Not Disclosed |
| NxStage Medical | Lawrence | MA | Medical devices and equipment | $15.9 | Sprout Group, Atlas Venture, Adams Street Partners LLC, undisclosed firm | 5 | Develops therapeutic devices for end-stage renal disease. |
| Oakleaf Waste Management | East Hartford | CT | Industrial/energy | $31.6 | Charterhouse Group International, Inc., undisclosed firm | 1 | Provides national and international waste management services. |
| Pantero | Waltham | MA | Software | $4.0 | Partech International, Draper Fisher Jurvetson Gotham Venture Partners, Draper Fisher Jurvetson | 1 | Provides data semantic integration technology. |
| Performaworks | Burlington | MA | Retailing/distribution | $13.4 | Deson Ventures, Pequot Capital Management, Inc. | 5 | Operates a company focused in Enterprise Performance Management solutions. |
| Polychromix | Woburn | MA | Networking and equipment | $0.0 | Vanguard Ventures | 3 | Develops modular subsystems to manage wavelengths of optical networks. |
| Powerspan | New Durham | NH | Industrial/energy | $20.0 | Beacon Partners, Inc., NGEN Partners, LLC, Zero Stage Capital Co., Inc., Calvert Funds, undisclosed firms | 4 | Develops techniques for environmetally-friendy conversion of gas emissions. |
| Pragmatech Software | Amherst | NH | Software | $12.0 | Kodiak Venture Partners, North Bridge Venture Partners, Commonwealth Capital Ventures | 1 | Developes Web-based sales effectiveness software solutions. |
| Quadstone | Boston | MA | Software | $5.0 | Standard Life Investments (Private Equity) Ltd., Amadeus Capital Partners Ltd.,, Scottish Equity Partners Ltd. | 3 | Develops software for marketers in the banking and insurance sectors. |
| Quallaby | Lowell | MA | Networking and equipment | $5.0 | Commonwealth Capital Ventures, North Bridge Venture Partners, Galileo Partners | 6 | Provides scalable network analysis and reporting solutions. |
| Quantum Bridge Communications | Andover | MA | Networking and equipment | $17.0 | New Enterprise Associates, Lazard Technology Partners, Atlas Venture, Pequot Capital Management, Inc., undisclosed firm | 5 | Provides broadband fiber access systems delivering high-speed bandwidth. |
| Quarry Technologies | Burlington | MA | Networking and equipment | $18.0 | Sofinnova Ventures, Walden International, Dow Chemical Co., JVP, 3i, ARCH Venture Partners | 10 | Develops carrier-class IP switching products for network service providers. |
| Reflectent Software | Lowell | MA | Information technology services | $3.5 | Greylock, Sigma Partners | 1 | Provides client-side data collection, local and aggrated storage software |
| Ricochet Manufacturing | North Adams | MA | Industrial/energy | $2.1 | Reinvestment Fund, PIDC Penn Venture Fund, Innovation Philadelphia | 3 | Designs and manufactures specialized protective gear for military and EMS. |
| Security Source | Peabody | MA | Electronics/instrumentation | $15.9 | Technology Crossover Ventures, Ascent Venture Partners | 2 | Provides customers with anti-theft affordable security solutions. |
| Sention | Providence | RI | Biotechnology | $15.2 | InterWest Partners, MPM Capital | 4 | Develops drugs to treat genetically caused long-term memory loss |
| Seranoa Networks | Boxborough | MA | Networking and equipment | $9.0 | St. Paul Venture Capital, Inc., FA Technology Ventures, YankeeTek Ventures, Advent International Corp., undisclosed firms | 4 | Develops a telecom platform incorporating optical software. |
| Skybox Security | Burlington | MA | Software | $6.0 | Lightspeed Venture Partners, Benchmark Capital, Carmel Ventures, Mofet Venture Capital | 2 | Develops and produces corporate network security solutions. |
| STARBAK Communications | Waltham | MA | Telecommunications | $2.5 | Atlas Venture, Carlyle Group, Venrock Associates, undisclosed firm | 1 | Develops streaming media and videoconferencing products for businesses. |
| StarGen Technologies | Marlborough | MA | Semiconductors | $15.0 | Boston University Community Technology Fund, St. Paul Venture Capital, Inc., Morgenthaler Ventures, Commonwealth Capital Ventures | 4 | Develops semiconductor-based switch fabric technology for communications. |
| SupplyWorks | Bedford | MA | Business products and services | $3.0 | Solstice Capital, Atlas Venture, North Bridge Venture Partners, Longworth Venture Partners, L.P. | 6 | Provides supplier relationship management (SRM) solutions. |
| Swingtide | Portsmouth | NH | Software | $3.0 | Pequot Capital Management, Inc | 2 | Provides software for managing XML-based services. |
| TechTarget.com | Needham | MA | Media and entertainment | $1.0 | Polaris Venture Partners, undisclosed firm | 3 | Operates as a network of industry-specific IT Web sites. |
| Top Layer Networks | Westborough | MA | Information technology services | $5.5 | Egan Managed Capital | 9 | Operates as a network security firm specializing in high-speed security. |
| TransForm Pharmaceuticals | Lexington | MA | Biotechnology | $3.2 | Polaris Venture Partners | 6 | Develops pharmaceutical products. |
| Triosyn | Williston | VT | Biotechnology | $4.0 | Business Development Bank of Canada, CDP Capital Technology Ventures, Innovatech Grand Montreal, undisclosed firm | 2 | Develops advanced microbiocidal compounds. |
| U.S. Genomics | Woburn | MA | Biotechnology | $25.0 | Healthcare Ventures, LLC, CB Health Ventures, LLC, China Development Industrial Bank, Fidelity Biosciences Group, Zero Stage Capital Co., Inc. | 4 | Operates a genomic informatics company. |
| United Site Services | Mansfield | MA | Consumer products and services | $0.0 | Audax Group | 1 | Provides portable restroom services in the United States. |
| UnVeil Technologies | Waltham | MA | Software | $3.0 | Sevin Rosen Funds, TD Capital Technology Ventures, Solstice Capital | 2 | Develops contact center solutions using speech recognition technology. |
| ZNQ3 | Manchester | NH | Software | $0.9 | AreteCapital Group, undisclosed firm | 2 | Develops software for transaction authentication and identity verification. |
| 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. | |||||||
