Google Pays $700M for ITA, Eli Lilly Buys Alnara, Skyhook Lands Samsung Partnership, & More Boston-Area Deals News
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Apple (iPhone and iPad), Motorola (Android phones), Dell, Qualcomm, and Texas Instruments.
—Portland, ME-based Fetch Industries, an operator of a website selling high-end dog supplies, raised $933,900 of a planned $1.5 million equity offering. Last year the company raised $4 million in a round led by Borealis Ventures and Harbor Light Capital Partners.
—Venrock, a venture capital firm with offices in Silicon Valley, the Boston area, New York, and Israel, announced it has closed its sixth venture fund at $350 million. The new Venrock fund will target investments in early-stage technology, healthcare, and energy companies, and follows a $600 million fund raised by the firm in 2007.
—Tyngsboro, MA-based Beacon Power, a developer of flywheel energy storage technology, announced a deal in which it will sell up to $25 million of its common stock over 26 months to Chicago-based Aspire Capital Fund. The agreement enables Beacon (NASDAQ: BCON) to instruct Aspire to purchase up to 400,000 of its shares for at least 34 cents each, on any trading day when the closing share price of Beacon’s stock is greater than 25 cents. Beacon said it will use the money it raises in the deal for working capital and general corporate purposes.
—EMC (NYSE: EMC), the Hopkinton, MA-based maker of data storage software, said it will acquire San Mateo, CA-based Greenplum, which makes software for corporate data warehousing and analytics. The companies did not disclose financial details of the deal, but EMC said that Greenplum’s CEO will lead a new data computing division within the company.