New England’s tech and life sciences companies have cut far too many deals to mention over the last week and a half, so we’re kicking it top-ten style for this installment of roundup.
GreenBytes of Ashaway, RI, completed an $8 million Series A financing from Waltham, MA-based Battery Ventures. The startup also unveiled a new line of energy-efficient data storage devices.
Boston-based Highland Capital Partners led a $9 million first round for Chicago-based InXpo, a provider of virtual meetings and other events and business environments for the likes of AAA, Cisco, Procter & Gamble, Forbes Media, and Ziff Davis.
The assets of Mansfield, MA-based Innovative Spinal Technologies were sold in a bankruptcy auction for $9.25 million in cash. New Jersey-based Integra Life Sciences Holdings (NASDAQ: IART) was the auction’s winner, taking home IST’s product lines and development assets, which span neurosurgery, orthopedic surgery, and general surgery.
Cambridge, MA-based Pervasis Therapeutics raised $10 million of a proposed $17.4 million round of private equity financing from undisclosed investors. The startup, whose board members include MIT’s Bob Langer, is developing drugs to heal blood vessels.
PlumChoice scored $14.7 million in Series E funding from existing investor Edison Venture Fund and others. The Billerica, MA-based firm provides remote technical support for both home and business users.
Tervela, a network messaging hardware maker with operations in Acton, MA, and New York, NY, got an $18 million message from Goldman Sachs, Sigma Partners, Acartha Group, and North Hill Ventures.
Westford, MA-based Verivue, a producer of multimedia distribution switches for cable and telecom operators, raised $20.1 million in an equity offering. The deal was reportedly led by new investor Sigma Partners.
This one’s a tie. Cambridge, MA-based Seaside Therapeutics, a stealthy biotech startup out to turn MIT research into treatments for Fragile X syndrome and autism, raised $30 million from an anonymous family investment firm. And Portsmouth, NH-based software maker BeyondTrust, a maker of tools for controlling IT access privileges, was acquired by Symark International in a deal reportedly worth about $30 million.
Bedford, MA-based software startup 170 Systems was acquired for $32.9 million in cash and notes by Irvine, CA-based Kofax (LSE: KFX). The startup’s technology helps businesses digitize paper-based work flows.
Advanced battery maker A123Systems of Watertown, MA, set a price range for its planned initial public offering. At the proposed $8.00 to $9.50 per share price, the 25 million shares A123 hopes to sell would bring the company between $200 million and $237.5 million in new working capital.