Flybridge Backs FirstBest, Six Startups Blast off With LaunchCapital’s Help, Visible Measures Gains a $10M View, & More Boston-Area Deals News

3/27/09

We’ve got lots of venture financings to report this week. New England’s software firms are particularly well represented.

—Medical test maker Claros Diagnostics of Woburn, MA, reportedly completed a $4 million second round of financing. Oxford Bioscience Partners, Bioventures Investors, Accelerated Technologies Partners, and Commons Capital have all previously backed the startup.

—Flybridge Capital Partners of Boston and Brookstone Partners of New York led a $6 million second round of financing for FirstBest Systems. The Bedford, MA-based startup, founded in 2006, makes underwriting software that could help property and casualty insurers expand their businesses.

—Extreme Reach, a Needham, MA-based provider of Web-based software for managing video ads across Web, television, and on-demand platforms, raised an undisclosed amount of venture financing. New investor Greycroft Partners and existing investors Village Ventures and Long River Ventures participated in the round, which a spokesperson said was between $1 million and $20 million.

—Windsor, CT-based financial management software maker SS&C Technologies acquired Burlington, MA-based Evare. Terms of the deal were not disclosed.

—Visible Measures, a Boston-based Web-video-audience tracking firm, pulled in $10 million in a Series C round. New investor Northgate Capital and existing investors General Catalyst Partners and MDV-Mohr Davidow Ventures participated in the deal.

—Cambridge, MA-based LaunchCapital, announced its half-dozen latest seed investments. The startups, five of which are in New England and one of which is in Florida, run the gamut from diagnostics and therapeutics to retail sales and hurricane protection.

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