Boston Roundup: FirstFuel, ownCloud, Lagoa, Novomer
A quick trip through some cleantech, software, and materials fundraising news around the region:
—FirstFuel Software, which specializes in energy-efficiency analysis for commercial buildings, has raised an $8.5 million Series B investment. The Lexington, MA-based company says new and existing investors supplied the money, including German utility E.ON. FirstFuel has now raised a total of nearly $21 million, including a $10 million Series A in 2012.
—OwnCloud, a Lexington, MA-based software startup that lets companies build online file-sharing services, has filed paperwork for a new $4.4 million equity financing. The SEC filing indicates the investment round could grow to $7 million. Media reports say ownCloud plans to spend the money on developers, sales, and marketing, and that previous backer General Catalyst was among the most recent investors.
—Lagoa, a Montreal startup that sells online software for product designers, has raised a $5.3 million Series A investment led by Cambridge-based Atlas Venture. Lagoa, which also has an office in Boston, has previously partnered with local design software startup GrabCAD.
—Novomer, a Waltham, MA-based chemical company whose products include synthetic plastics, has landed a new round of investment led by the venture arm of international oil giant Saudi Aramco. SEC paperwork shows the new investment is worth $15 million.