Boston Roundup: Volition Capital, Freight Farms, Technical Machine

12/4/13Follow @curtwoodward

A few notable fundraising deals:

Volition Capital, a spinout from Boston-based Fidelity Investments’ venture operation, has finished raising its second growth equity fund at more than $170 million. The firm, led by co-founder and managing partner Larry Cheng, showed up in the news this summer when it filed SEC paperwork for the first $80 million of the new fund. At that time, the fund’s target was $150 million.

Freight Farms, a Techstars Boston company that puts hydroponic vegetable gardens inside souped-up shipping containers, has filed SEC paperwork indicating a $1.2 million equity investment round. The startup, which was also part of the MassChallenge program, recently reported installing one of its units at a hotel in Concord, NH.

Technical Machine, a Boston-based startup selling Web-connected microcontrollers that can be programmed with JavaScript, has raised about $1 million. The investment was led by True Ventures, which was joined by Slow Ventures and angel investors Drew Volpe and Karl Jacob. The company, which was one of the first projects featured on Dragon Innovation’s new crowdfunding service, also tells the Boston Business Journal that it plans to move to the San Francisco Bay Area (where True Ventures is based).

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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