Jumptap Grabs $20M, EMC Buys NetWitness, Txteagle Ties Down $8.5M, & More Boston-Area Deals News
This week we continued to see big financings for mobile technology firms, and acquisitions in the software, cleantech, and life science spaces.
—Movik Networks, a Littleton, MA-based maker of products for helping mobile devices more speedily load Internet content, raised $25 million in a Series C financing. The round was led by new investor Oak Investment Partners, and included return backers Highland Capital Partners and North Bridge Venture Partners. I caught up with Movik CEO John St. Amand to find out how Movik will use the money to reach mobile carriers.
—Worcester, MA-based RXi Pharmaceuticals, a developer of RNA interference therapies, bought Apthera, a developer of peptide immunotherapies for cancer. Apthera shareholders will get 4.8 million shares of RXi, valued at $1.5o apiece before the announcement.
—OfficeDrop, a Cambridge, MA-based startup developing digital filing and scanning software to connect with cloud storage applications, raised $1 million in an angel financing led by New York-based White Owl Capital.
—North Andover, MA-based Nexamp, a firm that helps clients design and develop clean energy projects, said it acquired renewable energy services firm SolVera Energy of Hingham, MA, for an undisclosed sum.
—Jumptap, a Cambridge-based maker of mobile advertising software, raised $20 million of an equity round that could hit almost $28 million, an SEC filing showed. The investors of the funding round weren’t disclosed. Last year Jumptap, founded in 2004, landed a partnership deal with the Japanese firm Cyber Communications (CCI) that included … Next Page »