A123, Acquia, Healthbox, & More Boston Deals Newsmakers
Last week was a great one for tech diversity in New England, as the week’s deals spanned the cleantech, health tech, and software industries.
—The same day that Boston-Power announced it had inked a deal to sell its lithium-ion battery systems to Beijing Electric Vehicle Company, Waltham, MA-based battery maker A123 Systems announced its own bit of China-related news. A123 (NASDAQ: AONE) said it received a $75 million debt investment from the Wanxiang Group, an automotive and energy firm. The funding could total $450 million and is seen as a move to improve A123′s ailing finances.
—Healthbox, the Chicago-founded accelerator for health-focused startups, talked to the Boston Globe about the 10 companies it’s funding as part of its inaugural Boston program. You can read my Q&A from earlier this summer with Healthbox director Jenna Rose to learn more about how the program differentiates itself in a crowded incubator field.
—Visible Measures, the Boston-based video analytics and advertising startup, said that it brought in $21.5 million in funding from DAG Ventures, Advance Publications, General Catalyst Partners, Mohr Davidow Ventures, Northgate Capital, and new investor Common Fund.
—Burlington, MA-based Acquia announced its acquisition of the spam-blocking software maker Mollom, a move that furthers Acquia’s mission of helping organizations build better Web experiences using the open-source social publishing system Drupal. Mollom was founded by Acquia co-founder and CTO and Drupal author Dries Buytaert, so much of the deal is about streamlining operations at the companies.
—A few other Boston-area funding filings and announcements: Internet marketing startup ClickFuel raised $4 million of a $5 million offering; stem cell tech developer Stemgent nabbed $11.3 million; and speech communications software giant Nuance Communications (NASDAQ: NUAN) announced a $700 million offering of notes, which will accrue at 5.375 percent per year.