Avila, iRobot, Verastem, Illume, & More Boston Deal News
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technology for vascular access, interventional radiology and interventional cardiology, was sold by Boston Scientific to the private equity firm Avista Capital Partners in 2008.
—Boston-based Bain Capital Ventures raised a new $600 million fund, its largest to date, according to a report in the New York Times’ DealBook. The firm said that the fund was oversubscribed, and had 15 percent coming from new investors.
—Vsnap, a video messaging startup working out of the MassChallenge space in Boston, nabbed $40,000 in seed funding from the Massachusetts Technology Development Corp.’s FastTrack program.
—The Needham, MA-based company behind iZup, a mobile app aimed at preventing phone usage while driving, was bought by Options Media Group Holdings, which makes a competing application known as PhoneGuard. Options Media agreed to acquire 100 percent of the stock of Illume Software, iZup’s maker, which will in turn become a wholly owned subsidiary of the company, according to a press release. The transaction is contingent upon Options Media receiving funding connected to the acquisition and for ongoing operations, and is expected to close by February 12, the release explains.
—iRobot invested $6 million in InTouch Health, a provider of robotics technology that enables physicians to communicate remotely with patients, the company announced Tuesday. The deal gives Bedford, MA-based iRobot (NASDAQ: IRBT) a minority stake in inTouch and expands on a July 2011 joint development and licensing agreement surrounding healthcare applications of iRobot’s technology. InTouch’s FDA approved telemedicine technology will help iRobot gain a presence in hospitals, emergency care facilities, patient wards, and operating rooms, according to the announcement.