Plexxi, VisionScope, and CashStar: A Trio of New England Tuesday Financings

2/15/11Follow @xconomy

Tech companies across the New England region revealed today that they have been raising some cash. Check out the details below:

—CashStar, a Portland, ME-based startup in the digital gifting and incentives space, announced today that it has raised $5 million in funding, led by San Francisco-based Passport Capital, with participation from investment bank Allen & Company. “We are excited to grow the company and expand our list of retail partners as we continue to drive innovations in the rapidly emerging digital gifting space,” CashStar CEO David Stone said in the announcement of the deal.

—Nashua, NH-based stealth mode startup Plexxi raised $8.3 million in an equity offering, an SEC filing revealed. The startup doesn’t have a website, but the filing for the funding lists David Husak as president. Mass High Tech pointed out today that the Plexxi president could be the same David Husak who served as chief technology officer of Reva Systems, a Westford, MA-based RFID technology developer that sold last year to a firm called Odin, based in Virgina.

—Also on the stealthy front, Concord, MA-based VisionScope Technologies brought in $6.3 million in equity-based funding, according to a regulatory filing. The filing notes that the money comes from 27 investors and lists members of Mi3 Venture Partners, Bracebridge Capital, and WFD Ventures as members of the VisionScope board of directors.

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