Boston Deals: CounterTack, E4 Health, MassChallenge
A few short news items to catch up on from around the New England innovation scene—and beyond:
—CounterTack, a digital security firm that relocated to Waltham in 2011, has raised some $4.3 million in equity, according to an SEC filing. CounterTack, which was previously known as NeuralIQ, raised a $9.5 million Series A round in late 2011. On its website, the company says its backers include Fairhaven Capital and other private investors. CounterTack is led by CEO Neal Creighton, who was co-founder and chief executive of GeoTrust, a company that sold to VeriSign for $125 million in 2006.
—E4 Health, a Providence, R.I.-based employee counseling service, has raised $3.5 million in growth financing. Boston private equity firm Mansa Capital Management led the investment. E4 Health used the proceeds in a recent acquisition of Corporate Family Network, a New York-based employee assistance program provider. In a release, Mansa says the investment is a prime example of companies that will target “Hispanic and urban populations” in the era of national healthcare reform.
—MassChallenge is expanding overseas. The nonprofit startup accelerator program, which is supported by business and government sponsors, is setting up shop in Israel to recruit startup founders for the four-month Boston-based program. Unlike other investor-led accelerator or incubator programs, MassChallenge doesn’t take any equity stake in the companies it hosts. But it does supply all of the other standard startup boot-camp features: Mentorship, education, workspace, and a fancy demo day event to cap everything off. MassChallenge recently said that its 361 companies had collectively raised more than $360 million in financing, earned $95 million in revenue, and created nearly 3,000 jobs.