Tech Startup Deals: GrabCAD, Krush, Moontoast, & More

1/6/12Follow @gthuang

It’s probably a good sign for the Boston tech startup community that we have to round up all these decent-sized financings just to keep up with the news. On the other hand, it’s just money raised in pursuit of bigger goals.

GrabCAD, based in Cambridge, MA, raised $4 million more from existing investors, bringing its funding total to a little over $5 million. GrabCAD is building an online marketplace for connecting engineers with people and organizations that need stuff built. The legendary David Skok of Matrix Partners has joined GrabCAD’s board.

—Cambridge-based Krush has pulled in $4.5 million from undisclosed investors, according to a regulatory filing. The company is trying to own the “product graph” for brand marketing and development, starting with action sports apparel and lifestyle brands.

Moontoast, based in Boston and Nashville, has raised $6 million from The Martin Companies and other investors. Moontoast is building a social commerce platform; its niche is artists and brands looking to generate sales from their social media followers.

Meanwhile, in the health IT sector, Linkwell Health has raised $8.3 million, and in biofuels, Cambridge-based Novogy has pulled in $4 million, according to reports in Mass High Tech.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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