$10M for Akorri, $52M for Dyax, A New Partner for Dicerna, & More Boston-Area Deals News
Rebecca Zacks3/31/10Leave a Comment
The precipitation in New England may have reached near-biblical proportions this past week, but tech and life sciences deal making was more modest.
—Investors poured $10.1 million into Littleton, MA-based software maker Akorri Networks, according to an SEC filing. The filing did not reveal the identity of the 13 backers involved in the equity-based round, but Akorri’s website lists Matrix Partners, North Bridge Venture Partners, Globespan Capital Partners, BlueStream Ventures, and Montagu Newhall Associates as existing investors.
—Erin took a look at the “under-the-radar” deals that New England tech and life sciences companies cut last month. These 26 sub-$1 million deals—rounded up for us by our partner, CB Insights, a New York-based private company intelligence platform—included companies focused on software, medical devices, health IT, used clothing, and more.
—Cambridge, MA-based drug maker Dyax (NASDAQ: DYAX) raised $51.8 million in an offering of 17 million shares of stock at $3.25 apiece.
—Software maker Azigo of Wellesley, MA, raised $1.8 million in an equity offering, according to an SEC filing. Ten investors participated in the round.
—Enterprise software maker Rocket Software of Newton, MA, announced it will acquire Waltham, MA-based data management company Computer Corporation of America for an undisclosed sum.
—Dicerna Pharmaceuticals, the Watertown, MA-based developer of RNA interference drugs, cut a deal with Paris-based Ipsen to develop drugs for oncology and endocrinology. No financial terms were disclosed, but Dicerna chief business officer Martin Williams described the deal as being “net-neutral” to Dicerna.
—CardStar, a Canton, CT-based maker of software for storing consumer reward and loyalty card numbers on mobile phones, raised $1 million in Series A venture funding. The deal was led by Amplifier Ventures and joined by Acta Wireless and LaunchCapital.
