Jackpot Scores $14M, MIT Startup Wins 20K-Euro Prize, Nuance Acquires ShapeWriter, & More Boston-Area Deals News
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$12 million in a similar offering in October.
—MIT spinout peerTransfer won a 20,000-Euro prize for most promising early-stage startup in the HIT Global Entrepreneurship Competition in Barcelona. Cambridge-based PeerTransfer was one of 23 contestants from across the globe, and is working on a money transfer network that analyzes the net flow of cash transferred between two countries. It matches up transactions so that the money effectively only stays within one country, enabling customers to avoid international fees and bad transfer rates.
—Cambridge-based Acceleron Pharma, brought in $8.4 million of a planned $11.5 million round of equity, options, and warrants, an SEC filing revealed. The biotech startup, which makes genetically engineered drugs for treating conditions such as anemia and bone loss, is backed by a number of venture firms, including Advanced Technology Ventures, Venrock Associates, and Polaris Venture Partners.
—Burlington, MA-based speech recognition software giant Nuance (NASDAQ: NUAN) has acquired ShapeWriter, according to the Silicon Valley-based startup’s website. ShapeWriter is working on technology that allows touchscreen users to type by swiping their fingers across the keyboard rather than tapping letters individually—an area that Seattle-based Swype is also charging ahead in. Swype recently has made partnership deals with a number of equipment manufacturers and wireless carriers.
—Tatara Systems, an Acton, MA-based maker of mobile networking hardware, said it has raised a $7 million financing led by North Bridge Venture Partners, with contributions from Highland Capital Partners.