CoolChip, Copiun, Wingu Among the Slew of Boston Deals This Week
We saw a number of early stage investments in the past week in New England cleantech, Web, and life sciences startups.
—Harvest Power, a Waltham, MA-based developer of technology for converting organic waste to natural gas, soil, and fertilizer, nabbed $110 million in a Series C financing led by True North Venture Partners and American Refining and Biochemical. Previous backers Kleiner Perkins Caufield & Byers, DAG Ventures, and Generation Investment Management (co-led by Al Gore) also joined the deal, which brings Harvest’s total equity funding pot to about $200 million.
—TalkTo, a Cambridge, MA-based startup developing technology that allows people to text businesses, has raised $3 million in funding from Matrix Partners, Scott Kirsner of the Boston Globe reports. The TalkTo platform could enable consumers to do things like make restaurant reservations or inquire whether certain products are in stock at a store.
—Cambridge-based Practically Green, which offers a Web and mobile platform for spurring people on to living greener lifestyles, raised $1 million in a seed funding round led by CommonAngels. The deal also included Seventh Generation co-founder Jeffrey Hollender, the Clean Energy Venture Group and the clean-tech family office Pan Asia Solar, and comes atop $750,000 the startup raised in November 2010. (Practically Green founder and CEO Susan Hunt Stevens is an Xconomy director.)
—In more cleantech funding news, CoolChip Technologies raised $500,000 in a debt offering from two investors, an SEC filing showed. The Somerville-based company, which won last year’s $200,000 MIT Clean Energy Prize, develops technology for cooling electronics in data centers.
—Newton, MA-based Alcresta, which is out to convert novel enzymes into nutritional supplements, pinned down $10 million from Third Rock Ventures, Bessemer Venture Partners, and Frazier Healthcare Ventures. That same group of investors also funded enzyme drug maker Allena Pharmaceuticals, which will now share its office and management team with Alcresta.
—Marlborough, MA-based Copiun raised $5 million in a Series A financing led by Novak Biddle Venture Partners, with participation from RRE Ventures and local angel investors. The startup said it will put the money towards sales and marketing efforts for its software for securing mobile device collaboration.
—Google Ventures led a Series A funding round for Wingu, a Cambridge-based maker of software enabling pharmaceutical companies to manage R&D projects. Borealis Ventures also joined the deal, whose dollar value was not disclosed.