Boston-Area Deals: Life Image, MC10, Gizmox, Nanigans, Verivo
Updated 3:45 p.m.
Several private companies around Massachusetts are making fundraising news:
—Newton-based Life Image has raised $15 million in fresh capital. The company says the Series C round includes previous investors Galen Partners, Cardinal Partners, and Long River Ventures. Life Image provides a network for securely sharing medical images like X-ray and MRI scans. (The company’s SEC filing pegged the round at more than $35 million, but Life Image says that reflected the exchange of some earlier shares for a new class of stock.)
—MC10, a Cambridge-based startup that makes flexible silicon circuits, has added another $8 million in financing. The company says the new cash comes from two as-yet-unnamed strategic investors. The new funding adds to a Series C round that had previously landed the company about $10 million. CEO David Icke says the new investment means MC10 now has strategic backers for its three areas of focus: digital health, consumer electronics, and medical devices.
—Gizmox, a software provider that helps businesses build HTML5-based applications, has raised $7.5 million and named a new CEO. The round was led by Atlas Venture, and featured previous investors Citrix, IVC, and Consolidated Investment Group. The new CEO is Eugene Kuznetsov, an entrepreneur and former IBM executive who was most recently a co-founder of online privacy startup Abine. Atlas has been an investor in two of Kuznetsov’s previous companies. Cambridge-based Gizmox tells TechCrunch that founder and former CEO Navot Peled is now the company’s president.
—Boston-based Nanigans, which provides software to help companies run ads on Facebook, has raised about $5.8 million in additional financing, according to an SEC filing. The company says the round was led by its original investor, Avalon Ventures. Nanigans is one of several startups in the Boston area trying to build a business around Facebook, which famously sprouted in Mark Zuckerberg’s Harvard dorm room. [Updated with lead investor name.]
—Verivo, which sells software that allows companies to build mobile applications, has raised another $4 million. Verivo says the money is an extension of last year’s $17 million round from investors Commonwealth Capital, Ascent Venture Partners, and Egan-Managed Capital. [Updated with details on round.]