BIND Gets Backed by J&J Veteran’s VC Firm, SV Life Sciences Closes Fifth Fund, Boston Power Raises $60M, & More Boston-Area Deals News
We’ve seen investments in software, energy, and life sciences companies in the last week, plus the closing of a big investment fund for a healthcare-focused venture firm.
—Extreme Reach, a maker of software for delivering and tracking video advertisements across multiple platforms, wrapped up a $9 million Series B funding round. Village Ventures led the round for Needham, MA-based Extreme Reach, which was made up of $7 million in equity and $2 million in term debt, and also included backing from Greycroft Partners and Long River Ventures.
—Beverly, MA-based SiOnyx, a company developing black silicon as a more sensitive detector for imaging systems, pulled in $6.3 million of an equity round of financing that could be worth as much as $12 million. In 2007, Harris & Harris, Polaris Venture Partners, and RedShift Ventures invested $11 million in SiOnyx, a Harvard University spinout.
—Content management software company Nuxeo added another $3.3 million to its Series A financing, bringing the round’s total to $5.9 million. OTC Asset Management led the investment for Paris-based Nuxeo, which has U.S. operations in Burlington, MA.
—Boston-Power, a Westborough, MA-based maker of lithium-ion batteries and energy storage technologies, said it has reeled in $60 million in Series E growth equity funding. Existing Boston-Power investors Foundation Asset Management and Oak Investment Partners co-led the financing, which included backing from return investors Venrock and Gabriel Venture Partners. The newest cash brings the startup’s funding total to $185 million and will go toward battery production, international expansion, and the company’s sales, marketing, operations, and engineering teams.
—Waltham, MA-based Blu Homes, a green building company, raised $6.9 million in equity-based funding, an SEC filing revealed. The company originally announced … Next Page »