Boston-Power Expands Series E Round, Storwize Scooped Up By IBM, PerkinElmer Acquires VisEn, & More Boston-Area Deals News
Erin Kutz8/4/10Follow @erkutz
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$114.9 million as of January 1 of this year.
—Avedro, a startup developing technology for using thermal energy to correct vision, raised $4.6 million of a planned $5 million round of equity-, debt-, and options-based funding. The bridge financing comes from Waltham, MA-based Avedro’s existing investors: Borealis Ventures, De Novo Ventures, Echelon Ventures, Flagship Ventures, and Prism Venture Partners.
—Boston-Power, the Westborough, MA-based maker of advanced lithium-ion batteries, added another $6.4 million to its $60 million Series E round of funding. The initial $60 million growth equity round, led by Foundation Asset Management and Oak Investment Partners, was the Bay State’s biggest startup deal in June, when venture equity investing totaled $307 million.
—Bedford, MA-based health management software maker Casenet pulled in $2 million in debt- and rights-based funding. It raised a $5 million debt financing last May, and a $7.5 million Series B funding in 2007, led by HLM Venture Partners.
—PerkinElmer, a Waltham-based maker of research and diagnostics technologies, acquired Bedford-based VisEn Medical for an undisclosed sum. Flagship Ventures and Merck Capital Ventures are among the venture backers for VisEn, which makes in vivo fluorescence imaging products.
