After a slower flow of high-tech transactions last week, dealmaking was back with a bang this week. Companies in industries from energy to e-commerce to life sciences scored early venture rounds, partnership deals, and state contracts.
—Gemvara, an e-commerce site for jewelry customizations, announced it raised $5.2 million in Series B money, bringing the Lexington, MA-based company’s total financing to $11 million since its founding. Return investors Highland Capital Partners and Canaan Partners led the round, which comes as the company searches for a new CEO.
—FloDesign Wind Turbine, of Wilbraham, MA, will get $3 million from the Massachusetts Clean Energy Center, as it plans to expand with a new headquarters and product development center in Waltham, MA, which should add about 150 jobs in the state over three years. FloDesign, which is developing wind turbines with jet engine-like technology, will keep its Wilbraham location as an aerodynamics research center.
—MedVentive, a Waltham-based electronic medical data software firm, revealed the investors behind its $10 million Series C round. Boston’s HLM Venture Partners and Excel Venture Management led the financing, which included Long River Ventures, as well as new investors Core Capital Partners and Clarian Health Ventures, the venture arm of one of MedVentive’s big customers. Clarian Quality Partners, the physician network of the Indianapolis-based healthcare provider, uses MedVentive’s technology to analyze the quality of doctor care.
—Cambridge, MA-based Metacarta, a maker of software for searching digital text on places, names, and addresses, was acquired by Finland’s mobile hardware giant Nokia. Financial terms weren’t disclosed. Nokia plans to use Metacarta’s technology for in-location local searches and other services, according to a statement.
—Newton, MA’s MedMinder Systems, a company that makes Internet-connected pillboxes for tracking patients’ prescription adherence, raised $1.3 million from 11 individual investors. MedMinder is part of a crop of Boston-area companies using IT to get patients to take their meds, including Cambridge-based Vitality, a maker of smart pillcaps.
—The state of Massachusetts was active in this week’s deals list. It announced it had awarded a contract to Boston-based EnerNOC (NASDAQ: ENOC) as part of a $10 million project to target energy inefficiencies in state facilities. The program will … Next Page »
By posting a comment, you agree to our terms and conditions.