5AM Gathers $200M Fund, Advanced Cell Technology Advances with $2.8 Million, Gloucester Picked up for $640M, & More Boston-Area Deals News
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an SEC filing. Investors in the deal weren’t specified, but previous backers of the startup include Polaris Venture Partners, Flagship Ventures, and Lux Capital.
—Newton, MA-based LifeImage, whose technology allows for medical images to be securely shared online, revealed to Ryan that it expects to secure more than $2.1 million in its second round of financing next week. New investors in the round will include Long River Ventures; previous investors Partners Innovation Fund, Massachusetts Technology Development Corporation, and others will participate as well.
—MC10 of Waltham indicated in a regulatory filing that it has raised $5.7 million in a new round of financing, $1.7 million of which is equity from converted bridge loans. The startup is developing “stretchable silicon” technology developed at the University of Illinois.
—Fina Technologies of Cambridge raised $4.5 million in a Series A round of venture capital led by Reed Elsevier Ventures and joined by Excel Venture Management. A spinout of Cambridge-based Gene Network Sciences, Fina provides drug companies and others with software for making detailed computer models of biological systems.