Time Inc. Scoops Up StyleFeeder, Ironwood Sets Sights on Potential $266.7 M IPO, FloDesign Reveals $34.5M Financing, & More Boston-Area Deals News

1/22/10

It was a short week, but the list of deals that New England’s tech and life sciences firms inked in that span is a long one. Let’s dive in:

—StyleFeeder, the Cambridge, MA-based personalized shopping website, was acquired by New York magazine publishing giant Time Inc. for an undisclosed sum. Lexington, MA-based Highland Capital Partners and Boston-based Schooner Capital have put $4 million in seed and Series A funding into the four-year-old startup.

—IkaSystems, a maker of software for healthcare payers, sealed back-to-back investment deals with deep-pocketed private equity funds. Essex Woodlands Health Ventures and Providence Equity Partners reportedly plowed a combined $120 million into the Southborough, MA-based company.

—North Andover, MA-based Nexamp, formerly known as NexGen Energy Solutions, raised $6.5 million in equity-based financing, according to a regulatory filing. Nexamp helps its customers design, finance, build, and analyze clean energy projects.

—Cardiorobotics, a startup founded by researchers at Carnegie Mellon University and the University of Pittsburgh, reported to the SEC that it has raised $5 million in equity investments. The Middletown, RI-based firm makes robots for surgery and other uses.

—Research-tool giant Thermo Fisher Scientific (NYSE:TMO) of Waltham, MA, announced it would pay $145 million for Ahura Scientific of Wilmington, MA. The deal also entitles Ahura’s investors to potential payments based on sales of Ahura products in 2010.

—FloDesign Wind Turbine, a Wilbraham, MA-based developer of a new, jet-engine-like type of wind turbine, revealed it closed a $34.5 million Series B funding round last month. Return investor Kleiner, Perkins, Caufield and Byers and new investors Goldman Sachs, Technology Partners, and VantagePoint Venture Partners contributed to the round.

—Acton, MA-based Lumigent Technologies, a maker of automated governance, risk and compliance software, said it has raised $3 million from Waltham-based North Bridge Venture Partners. North Bridge also invested $6 million in Lumigent in January 2009.

Ironwood Pharmaceuticals of Cambridge indicated in an SEC filing that it’s aiming to sell 16.7 million shares of common stock at $14 to $16 per share in its proposed initial public offering. With a potential value of up to $266.7 million, the offering would be much larger than the $172.5 million maximum value Ironwood specified when it initially filed for the IPO in November 2009.

—Boston-based BuyWithMe, a website that helps assemble customers to take advantage of merchants’ volume discounts on products and services, raised $5.5 million in a Series A venture financing round. Matrix Partners led the deal.

—Software maker SmartEquip of Norwalk, CT—whose various products target the construction, industrial equipment, and power tools industries—raised $18 million in an equity and security deal, according to an SEC filing. The round could eventually total $20.5 million, according to the filing.

—Watertown, MA-based QD Vision raised $3 million from DTE Energy Ventures, a subsidiary of Detroit, MI-based power company Detroit Edison. The round comes a little more than a month after the startup, a developer of nanotech-based lighting, announcing a $10 million round of venture financing.

—Burlington, MA-based Bluesocket, a developer of mobile access and security products, revealed in a regulatory filing that it has raised $8 million in equity-based financing. Vesbridge Partners, Ascent Venture Partners, Ironside Ventures, and Osborn Capital are all investors in the firm, according to its website.

Unidesk of Marlborough, MA, raised $12 million in equity-based financing, according to a regulatory filing. A provider of virtual desktop management tools founded in 2007, Unidesk has investments from North Bridge Venture Partners and Matrix Partners, according to its website.

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