Boston Roundup: MC10, PeerTransfer, CO Everywhere, Bridge Boys
A few fundraising deals you may have missed over the holidays:
—MC10, which makes thin, flexible, sensor-packed electronics, has raised nearly $20 million more in equity financing. It’s not clear who the investors in the round were, since the news comes via the bare-bones SEC filing and there’s no additional word on the company’s website. The company last raised money in the spring of 2013, adding $8 million to a previous Series C round.
—PeerTransfer, which develops software to handle international higher-education tuition payments, has raised another $6.2 million and hired a new CEO. The Boston Business Journal reports that former sales and marketing vice president Mike Massaro is the new chief, replacing founder Iker Marcaide, who will work on strategic initiatives. The new fundraising follows a $6.4 million round announced last June.
—CO Everywhere, an application that lets users view all of the social-media postings being generated in a specific location, has raised another $6 million. Word on the new round comes via this interesting tale in the Boston Globe, where CO Everywhere CEO Tony Longo describes his long slog to get the investment, including about 200 fruitless venture capitalist meetings.
—A pair of Boston-area entrepreneurs are shedding a little light on their existing investment fund. CoachUp CEO Jordan Fliegel and StarStreet CEO Jeremy Levine are also the people behind Bridge Boys, a small early stage fund focusing on consumer companies. The two aren’t disclosing their financial backers, but they do have an AngelList page listing some of their investments—Fliegel says they’ve actually made 19 investments since 2012.