Under-the-Radar in New England: 16 Startup Financings Under $1 Million

4/29/10Follow @xconomy

(Page 2 of 2)

a sole deal.

The biggest deal still went to a life sciences company, with $900,000 in equity-based funding to Anterion Therapeutics. The Salem, MA-based company is making what it calls “bioerodible” implants—small drug delivery devices that don’t have to be surgically removed from the body after use. But there were some sizeable under-the-radar deals that went to non-healthcare companies. The second biggest, for example, was a $842,981 debt-based transaction that went to Newton, MA-based inStream Media. The company provides targeted, point-of-purchase advertising on sales receipts at major retailers. The inStream service uses factors such as location, payment method, date of purchase, and items purchased to choose the ad that best suits each customer.

The energy sector—a no-show on the list of bigger venture investments—accounted for several entries on list of smaller deals: $650,000 in equity-based funding for solar power dish maker PowerPlay Solar, $364,221 in an equity offering for solar-powered refrigeration developer Promethean Power Systems, and $135,000 in debt-based funding for kWhOURS, a maker of software for energy auditors (yes it’s technically a software startup, but it’s focused on energy efficiency).

Check out what other types of companies nabbed deals under $1 million, with the complete under-the-radar list below.

Anterion Therapeutics

Salem,
MA

A developer of bioerodible implants for delivering drugs Equity $900,000
inStream Media Newton,
MA
A provider of targeted advertising on sales receipts Debt $842,981
Wistia Lexington,
MA
A maker of software for measuring customer interaction with online video Equity $788,809
Ecochlor Acton,
MA
A developer of ballast water treatment systems for removing invasive species and pathogens from water Equity $681,543
PowerPlay Solar Ridgefield,
CT
A developer of solar energy power dishes Equity $650,000
Whaleback Systems Portsmouth,
NH
Developer of hosted voice services for small and medium-sized companies Debt $600,000
Digital Brand Connections Wilton,
CT
An interactive marketing company Equity* $550,000
Akademos

Norwalk,
CT

An online bookstore for used college textbooks and course material Equity $500,000
Interactive Mobile Advertising Norwalk,
CT
A provider of mobile travel destination guides Equity $375,141
Promethean Power Systems Cambridge, 
MA
A maker of solar-powered refrigeration systems for food-distribution networks Equity $364,221
Vermedx Burlington,
VT
A maker of software for diabetes patient information management Equity* $350,000
FMP Products Greenwich,
CT
A developer of laboratory automation products for pharmaceutical and clinical research Debt* $300,000
Insur I.Q. Shelton,
CT
A maker of software for managing information on doctors’ fees and insurance information Equity $275,000
Adelja Learning Concord,
NH
A stealthy learning technology company Equity $220,000
Yamisee

Westport,
CT

A marketplace for live online courses Equity $200,000
kWhOURS South Hamilton,
MA
A provider of digital workflow automation software for energy auditors Debt $135,000

*includes options or warrants

Single Page Currently on Page: 1 2 previous page

By posting a comment, you agree to our terms and conditions.