SessionM, PlumChoice, Mojo Motors, and More Boston Dealmakers
Plenty of deal activity this week in New England mobile, biotech, Internet, and IT startups.
—Newton, MA-based sleep management technology startup Zeo added another $2 million to the $1 million debt financing it raised last fall, according to an SEC filing. It’s now targeting a total round size of $5 million.
—Vanu Coverage, a maker of software designed to help mobile carriers cover more geographies, has taken in $3.2 million in equity financing from four investors, an SEC document shows. The Cambridge, MA-based company is led by Vanu Bose, whose father Amar Bose founded the speaker and electronics company Bose.
—Boston-based mobile advertising firm SessionM nabbed a $20 million Series B round led by Charles River Ventures. The startup raised the money at a company valuation of about $100 million and plans to add about 25 employees to its now 35-person staff over the next year, Dow Jones VentureWire reported.
—Cambridge-based Eleven Biotherapeutics announced that it pumped up its Series A round by another $20 million, for a total offering size of $45 million. The additional funding—which comes from JAFCO, Third Rock Ventures, and Flagship Ventures—will go to the first human study of Eleven’s lead drug EBI-005, a treatment for dry eye syndrome.
—PlumChoice, a provider of IT support and services to businesses, has pulled in another $8.6 million in equity-based funding, an SEC filing shows. The Billerica, MA-based company also announced Tuesday that it appointed its board member Bob Badavas to the role of CEO and president.
—Cambridge-based Atlas Venture led a $3 million Series A investment in New York-based Mojo Motors, a site for purchasing used vehicles, TechCrunch reported Tuesday. RPM Ventures and NextView Ventures also joined the deal, which brings Mojo’s funding pot to $5 million.