Boston Deals Span Skill Tests, Mobile Offers, and Cloud Archiving
Updated 6/6/12, 4:20 am. See below. New England tech startups took the funding spotlight this week, for their offerings ranging from cloud archiving to online skill tests.
—Newton, MA-based cloud archiving startup Sonian raised $13.6 million led by new investor OpenView Venture Partners. The deal also included Sonian investors Prism VentureWorks and Summerhill Venture Partners, and will help Sonian explore ways its technology can back up different file types beyond e-mail.
—Norwest Venture Partners led a $25 million Series D financing for Boston-based Gemvara, an e-commerce startup looking to make jewelry purchasing a more personal experience. Previous investors Highland Capital Partners, Canaan Partners, and Balderton Capital joined the deal, which brings Gemvara’s funding pot to a cool $50 million.
—Cambridge Viscosity, a Medford, MA-based startup backed by the Massachusetts Technology Development Corporation, was acquired by Houston, TX-based PAC for an undisclosed sum. PAC will integrate Cambridge Viscosity’s technology for measuring the viscosity of liquids into its inventory of analytical laboratory instruments, according to an announcement by MTDC.
—Boston-based obesity and diabetes drug developer Rhythm Pharmaceuticals raised $9.5 million from four investors, toward a targeted $34 million equity round, an SEC filing shows.
—Smarterer, the Boston-based startup offering online, crowdsourced skill tests, pulled in $1.75 million in Series A financing to bring its total funding to $3 million. The cash comes from previous investors True Ventures and Google Ventures, and about a dozen angels.
—Lexington, MA-based Cartera Commerce nabbed another $12.2 million in equity financing to fund mobile development of its technology enabling banks and merchants to offer deals to consumers through their credit cards. Comvest led the funding, with return investors Flybridge Capital Partners, Dace Ventures, LBO Enterprises, and Venture Capital Fund of New England all participating.
—Waltham, MA-based NetProspex, whose software enables users to find business prospects’ contact information, raised $7 million in Series B funding led by Edison Ventures. The money will be used to boost sales, partnerships, and product development. [Paragraph added to include new deal.]
—And Nexage, the Waltham, MA-based mobile advertising exchange, announced it raised a Series B round to the tune of $10 million. The deal was led by SingTel Innov8, the corporate venture capital arm of the SingTel Group, and joined by existing investors Relay Ventures and GrandBanks Capital. [Paragraph added to include new deal.]