Investors Wire $10M to Quattro Wireless, NKT Therapeutics Nabs $8M, Still River Makes $33M Worth of Waves, & More Boston-Area Deals News
My much beloved Powerbook is about two reboots away from being utterly bricked, so this week’s roundup of New England tech and life sciences deals is going to be a lightning round. Let’s see how much I can tell you before the mortar sets…
—Lexington, MA-based Pulmatrix reportedly raised $3 million in a bridge round of financing. Pulmatrix, which develops aerosol drugs for the treatment and prevention of respiratory ailments, has previously been backed by 5AM Ventures and Polaris Venture Partners, among others.
—Web startup Good Data, a developer of online tools for analyzing business intelligence data, reportedly relocated to San Francisco and raised an undisclosed amount of venture financing from Cambridge, MA-based General Catalyst Partners and Boston-area technology investor (and Xconomist) John Landry.
—Newton, MA-based NKT Therapeutics raised $8 million in a Series A financing led by SV Life Sciences and MedImmune Ventures. The startup aims to develop treatments for asthma, cancer, autoimmune diseases, and other ailments.
—Quattro Wireless, a Waltham, MA-based provider of mobile content and advertising, raised $10 million in a Series C round led by existing investors Highland Capital Partners of Lexington, MA, and Globespan Capital Partners of Boston. Wade had a nice chat with the firm’s CEO, Andy Miller.
—Littleton, MA-based Still River Systems raised $33 million in a financing led by Venrock Associates and previous investor Caxton Health and Life Sciences to support development of its smaller, more affordable versions of a proton radiation system for treating cancer.
–Word spread rapidly this week that IBM is in discussions to acquire Sun Microsystems, a move that could affect both firms’ sizable operations in Massachusetts.
—Cambridge, MA’s Stylefeeder, developer of a personalized shopping engine, inked a deal with Hachette Filipacchi Media to provide personalized product recommendations to users of the Elle.com website and eventually other HFM websites.
—Boston-based MedAptus, which makes billing software for medical practices and hospitals, raised $6 million in a financing led by previous investor Boston Millennia Partners.