Under the Radar in January: A Baker’s Dozen of New England Startup Financings Worth $1M or Less
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a solo under-the-radar financing, $215,000 in equity to Pittsfield-based American Energy Independence Company. The company’s website was under construction and they didn’t return calls, but other sources have described the company’s plans to capture spent vegetable oil from restaurants and refine it for home or business heating, auto fuel, and other energy purposes.
Some of these companies we’ve written about before, like Acton, MA-based eIQnetworks, when it nabbed $10 million in its first round of institutional financing last January. BioBehavioral Diagnostics, a Westford, MA-based maker of a system for diagnosing ADHD, showed up on the December under-the-radar list. Its $500,000 January debt financing also came in before the company announced the first close of its $10 million Series B round, a move we covered.
Life sciences companies weren’t huge on the under-the-radar list, though one unconventional medical devices maker pulled in $150,000 in equity. That would be UV Flu Technologies, Boston makers of an air purification system that kills airborne bacteria and viruses—even H1N1—and is FDA approved as a medical device.
Read below for the full list of last month’s under-the-radar deals.
|eIQnetworks||Acton, MA||Provider of computer platforms that collect and analyze security and regulatory compliance data||Debt||$1,000,000|
|Developers of genomic mapping technology used in bio-security, diagnostics, and food and drug contaminant monitoring||Equity||$1,000,000|
|Green Earth Technologies||Stamford, CT||Manufacturer of biodegradable, environmentally safe cleaning products, lawn and garden chemicals, and auto and marine performance chemicals||Equity||$1,000,000|
|GroundedPower||Gloucester, MA||Providers of software that monitors and analyzes home energy consumption||Equity||$918,000|
|Vitruva||Arlington, MA||Providers of career search website that uses social media to match recruiters with job seekers||Equity||$850,952|
|Egenera||Marlboro, MA||Providers of data center management software||Equity||$645,948|
|BioBehavioral Diagnostics||Westford, MA||Producers of ADHD diagnostic system||Debt||$500,000|
|Wormser Energy Solutions||Salem, MA||Developers of technology to make coal-powered plants cleaner and more efficient||Equity||$325,002|
|American Energy Independence Company||Pittsfield, NH||Refines spent vegetable oil into fuel and distributes multi-fuel burners||Equity||$215,000|
|Terascala||Avon, MA||Makers of high-capacity computing storage appliances||Security to Be Acquired||$150,000|
|UV Flu Technologies||Boston, MA||Manufacturers of air purification system that uses high-intensity ultraviolet radiation to kill airborne bacteria||Equity||$150,000|
|Infinetics Technologies||Boston, MA||Developers of software to create private virtual internetworks||Debt||$100,000|
|Market76||Old Saybrook, CT||Providers of software for the consumer financial services space||Debt||$50,000|