Zipcar Goes Public, PTC Buys MKS, Third Rock Leads $18.3M Series B for Taris, & More Boston-Area Deals News

4/20/11Follow @xconomy

This week we’ve seen a slew of startup financings and an IPO in the New England area.

—Third Rock Ventures became an investor in Taris Biomedical, leading an $18.3 million Series B financing for the MIT spinout. The company will use the money to advance its drug-delivery device, for treating a variety of bladder ailments.

—Needham, MA-based CAD and product development software firm PTC (NASDAQ: PMTC) said that it bought MKS for CDN$292.5 million, at CDN$26.20 per share in cash. MKS (TSX: MKXX) provides technology for managing the development of software applications.

—Currensee, a Boston-based provider of online tools for investors interested in foreign markets, said it raised $4 million in Series C funding, from North Bridge Venture Partners, Egan-Managed Capital, and Vernon & Park Capital.

—Cambridge, MA-based car-sharing company Zipcar (NASDAQ: ZIP) went public, offering 9.7 million shares at $18 per share. Zipcar raised $174.3 million in the deal, which was an increase over the 8.3 million shares the company originally planned to offer at $14 to $16 per share.

—Cambridge-based Merrimack Pharmaceuticals announced it had raised $77 million in a Series G round of funding, to put toward its pipeline of novel cancer therapies.

—NextView Ventures, a Cambridge-based micro VC fund launched last summer, brought in $8.1 million of a targeted $25 million fundraise.

—Boston-based CampusLive, a Web startup using challenges to connect college students with brands, pinned down $3.1 million from Highland Capital Partners and Charles River Ventures, according to a Boston Globe report.

—Waltham, MA-based SavingStar said it has closed on a $7 million Series B financing, from Flybridge Capital Partners, First Round Capital, and IA Ventures. The company also launched its mobile and Web-based couponing service for grocery and drug stores.

—A trio of Boston-area companies didn’t take the day off for the marathon, at least when it comes to fundraising. Waltham, MA-based GMZ Energy, a developer of thermoelectric materials and products, raised $7 million of a targeted $13 million offering. Cambridge-based mobile startup Localytics raised a reported $2.5 million led by existing investors Launchpad Venture Group and New York Angels, with new investor Hub Angels also participating. An online travel and ticketing startup SilverRail Technologies, of Woburn, MA, raised $5 million in equity-based funding.

—OutSmart Power Systems, a Natick, MA-based maker of energy monitoring hardware and software for commercial buildings, raised an additional $1.8 million in debt-based funding.

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