Friday, September 28, 2007

GenSight Welcomes VCs In $3M Series A - Doylestown, PA

GenSight Group Inc. has taken in $3 million in Series A as its first venture capital funding to prepare to mass-market its corporate-wide project management software.

Thursday, September 27, 2007

ConsumerPowerline Grabs $17M For Demand-Response - NY, NY

Start-up companies with demand response technologies and services continue to attract investor interest, with Inc., which does business as ConsumerPowerline, emerging as the latest beneficiary.

General Catalyst is raising its 5th fund at $600 million - Cambridge, MA

General Catalyst Partners is wrapping up its fifth venture fund at around the $600 million mark. For the first time, the firm's main fund includes a roughly $200 million carve-out pool for investments in larger, more mature companies, according to several people familiar with the offering.

SoundBite Files to Raise Estimated Max $97 Million in IPO - Bedford, MA

SoundBite Communications, a Bedford-based provider of automated voice messaging technology, has filed with the Securities and Exchange Commission for its initial public offering of stock to raise an estimated maximum of about $97 million. The company plans to sell 6.9 million shares priced at between $14 and $16 per share. SoundBite's web-based software allows organizations to initiate and manage customer contact campaigns for a variety of collections, customer care and marketing processes. The company's revenue increased from $2.5 million in 2002 to $29.1 million in 2006. It had a net loss of $411,000 in the first six months of 2007 and $324,000 for the same period in 2006.

Wednesday, September 26, 2007

Waterfront Media raises $25M Series D - NY, NY

Health-care media company Waterfront Media Inc., with Web sites including Everyday Health, has raised a $25 million Series D round to grow its content and audience.

LiquidHub raises $20M Series A - King of Prussia, PA

Enterprise system integrator LiquidHub Inc. has raised $20 million in Series A financing and an additional $18 million in debt.

Tuesday, September 25, 2007

Matchmine Raises $10 Million - Needham, MA

Matchmine, a Needham-based developer of content recommendation technology, has raised $10 million in financing from Boston-based private equity firm The Kraft Group, according to a report in The Boston Globe. Matchmine allows users to rate movies, music, online videos and blogs. Their profiles are then used to make content recommendations on sites that partner with Matchmine, which initially will include Peerflix, FilmCrave and Matchmine was founded in 2005.

Monday, September 24, 2007

TimeTrade Raises $5 Million in Third Round of Venture Capital - Bedford, MA

TimeTrade Systems, a Bedford-based provider of transaction-based appointment scheduling software, has raised $5 million in its third round of venture capital, led by Ascent Venture Partners and including participation from CommonAngels. TimeTrade said that the investment will be used to support "aggressive growth plans." The company focuses on large retailers, government agencies, healthcare companies and universities that have "a common business need to drive and manage thousands of appointments efficiently." TimeTrade was founded in 2000.

Friday, September 21, 2007

Peermeta Raises $6 Million in First Round of Venture Capital - Acton, MA

Peermeta, an Acton-based developer of mobile communications software, has raised $6 million in its first round of venture capital, led by Sigma Partners and Kepha Partners. Founded earlier this year, Peermeta is developing software for accessing, customizing and sharing content, using any type of wireless device or network. Peermeta is led by entrepreneur Cheng Wu, who founded Arris Networks, ArrowPoint and Acopia Networks, and who also was general manager of Cisco's content and multiservice edge businesses.

Zink Gets $25M For Inkless Printing - Waltham, MA

Zink Imaging Inc., a spin-off from Polaroid Corp. that provides inkless printing systems, has secured $25 million in Series B financing.

Thursday, September 20, 2007

athenahealth IPO Raises $113 Million; Shares Soar - Watertown, MA

Shares in athenahealth, a Watertown-based provider of online business services for physician practices, surged about 85% on Thursday, the company's first day of trading as a public company after pricing its initial public offering of stock to raise about $113 million. Athenahealth offers a subscription service that provides a range of business services over the Internet, including billing and collections. The company priced its IPO shares at $18. As of mid-afternoon on Thursday, shares in athenahealth were trading at $33.40.

Wednesday, September 19, 2007

PeopleCube raises $17M in VC Funding - Waltham, MA

PeopleCube, which markets on-demand calendaring, resource and event management solutions, has secured $17 million in funding through the purchase of all outstanding shares in the company by investment firms Truffle Capital and Big Bang Ventures.

Tuesday, September 18, 2007

Oanda Raises $100,000,000 in Series B Round - NY, NY

Oanda is a provider of Internet-based currency trading, currency localization, and information services. Investors include New Enterprise Associates (NEA) (Lead), Cascade Investment, Index Ventures, Legg Mason, T. Rowe Price.

Phreesia Raises $10.25M For Waiting-Room IT - NY, NY

Phreesia Inc., a maker of health care information technology for physicians' waiting rooms, has raised a $10.25 million second funding round to finance the company's growth.

Hearst Acquires Health Care Info. Co. RealAge - NY, NY

Venture-backed personalized health care information provider RealAge Inc. has been acquired by publisher Hearst Corp.'s magazine publishing unit in a cash transaction, according to RealAge founder and Chief Executive Charlie Silver.

Monday, September 17, 2007

Enpocket to be acquired by Nokia - Boston, MA

Boston mobile advertising technology maker Enpocket Inc. reports it has agreed to be acquired by Finnish handset maker Nokia Corp. Financial terms of the agreement were not disclosed, but the deal is expected to close in the fourth quarter.

Founded in 2001, Enpocket makes a mobile advertising management and delivery system designed to deliver mobile advertising across multiple platforms including SMS, MMS, the Internet, and video. The company employs approximately 120 people.

LocaModa Raises $6,180,000 in Series A - Somerville, MA

LocaModa is a developer of location-based text-messaging services. Investors include Dace Ventures.

Click Tactics Raises $36.7 Million in Venture Capital Deal - Waltham, MA

Click Tactics, a Waltham-based provider of web-based marketing software, has raised $36.7 million in a round of venture capital, PE Week Wire reported. Investors in the deal include JMI Equity, ABS Ventures and IDG Ventures Boston. Click Tactics automation software supports the creation, management, execution and measurement of direct mail, email and web communications to achieve higher response rates and improve marketing return on investment.

RPM Communications Raises $4 Million in First Round - Maynard, MA

RPM Communications, a Maynard-based developer of mobile blogging technology, has raised $4 million in its first round of venture capital, led by Morgenthaler Ventures. The deal includes additional investments from TD Fund and individual investors. Founded in 2006, RPM develops and operates telecommunications services for consumers and small businesses. Its "Utterz" service voice-enables social networks, allowing anyone with a cell phone to blog in voice, text, pictures and video. Its "foonz" service lets anyone with a cell phone start an instant, free conference call.

Thursday, September 13, 2007

Constant Contact Prices IPO - Waltham, MA

Constant Contact plans an initial public offering of 6.7 million shares of common stock and will price the offering between $12 and $14 per share, according to a Securities and Exchange Commission filing from the company. The Waltham, Mass.-based email marketing company, which plans to list its shares on the Nasdaq Global Market under the symbol "CTCT," expects to raise approximately $107.8 million from the IPO, which is up from the initial target of $86 million in a July SEC filing.

HubSpot Raises $5 Million in Venture Capital - Cambridge, MA

HubSpot, a Cambridge-based provider of Internet marketing software for small and medium-size businesses, on Wednesday announced that it has raised $5 million in a round of venture capital led by General Catalyst. HubSpot's product is in beta-test phase. It offers tools to update website content, add a blog, perform search engine optimization and create "landing" pages. The founders of HubSpot met at MIT in 2004 and the company was officially founded and funded in 2006.

Tuesday, September 11, 2007

Tagsys Receives $16 Million More in Third Round of VC - Cambridge, MA

Tagsys, a Cambridge-based developer of RFID infrastructure technology, on Tuesday announced that it has closed $16 million in the second and final tranche of its $35 million third round of venture capital. This brings the total amount of financing raised by the company to date to $80 million. Investors in the latest deal include J.P. Morgan, DFJ Esprit, Endeavour, Elliott Associates, Saffron Hill Ventures, and Add Partners. Tagsys provides RFID systems and tags that automate labor-intensive processes. The company said that it has deployed over 100 million tags and 60,000 reader systems to over 500 customers in more than 40 countries. Tagsys has R&D centers in France, Pennsylvania and Hong Kong.

Monday, September 10, 2007

SupplyScape Raises $10 Million in Third Round - Woburn, MA

SupplyScape, a Woburn-based provider of product integrity and business management software for pharmaceutical, biotech, medical device companies, on Thursday announced that it has raised $10 million in its third round of venture capital. Pharmaceutical manufacturers, medical device makers, wholesale distributors, and pharmacies use SupplyScape's software to enhance regulatory compliance, product integrity, operational improvement, and financial performance. Investors in the deal include IDG Ventures Boston, North Bridge Venture Partners, Pilot House Ventures, Bethesda Partners, and Pfizer Strategic Investments Group.

Akorri Raises $15M Series C round of funding - Littleton, MA

Akorri Inc., a provider of performance management software for enterprise data centers, has secured a $15 million Series C round from existing investors.

Sermo raises $25M Series C round of Funding - Cambridge, MA

Sermo is a provider of an online physician community. Investors include Legg Mason, Longworth Venture Partners, and SoftBank Capital.

CRI raises $10M Series A round of funding - Shelton, CT

CRI, founded in 2001, is an independent IT virtualization consulting and professional services firm. It lists among its customers, CooperVision Inc., Timex Corp and Yale University. officials said Waltham-based Commonwealth Capital Ventures and Sigma Partners, which operates an office in Boston, led the $10 million funding round. A portion of the funding was applied to the acquisition of Bridgeport, Conn.-based consulting company Computer Resolutions Inc. that closed Aug. 21 for an undisclosed amount. The funding will also be used to build the company's management team, expand its operations and fund future acquisitions, officials said. Commonwealth general partner Justin Perreault and Sigma Partners' managing director Robert Davoli joined the company's board of directors.

ScanScout raised an undisclosed amount of funding from Time Warner - Boston, MA

ScanScout, a company which searches online videos in order to place content-related advertisements, raised an undisclosed amount of money from Time Warner, Inc. and formed its board of directors, the company said today. Time Warner made a "strategic investment" in the Boston-based firm, which is backed by venture capital firm General Catalyst Partners in Cambridge, Mass.

Wednesday, September 05, 2007

Groove Mobile raises $6M in VC Funding - Bedford, MA

Groove Mobile Inc. received the venture funding from Orix Venture Finance, which is an arm of Texas-based Orix USA Corp. Groove's technology is designed to enable mobile phone users to download full-track songs to handsets. The company has launched its service in several countries in Europe and broke into the U.S. market in 2006 via a deal with Sprint. Founded in 2002, Groove has raised $32 million in capital to date, according to company officials.

Quattro Wireless Raises $12.3 Million in Second Round - Waltham, MA

Quattro Wireless, a Waltham-based provider of mobile web advertising services, has raised $12.3 million in its second round of venture capital, led by Globespan Capital Partners and Highland Capital Partners. Founded in 2006, Quattro Wireless' service matches advertisers with its network of publishers. The company's technology platform allows advertisers and publishers to build and manage their branding efforts in the mobile channel. Companies that have used the service include Gillette, Univision, Playboy,, CoverGirl, and, among others.

Cognos Acquires Westborough's Applix for $339 Million - Westborough, MA

Applix, a Westborough-based provider of financial performance management software, has agreed to be acquired by Burlington, Mass.-based Cognos for $339 in million in cash. Cognos, a provider of business intelligence and performance management software, said that the acquisition will add Applix's base of 3000 customers to Cognos' existing customer base of 3500 customers. It also will add over 200 performance management experts to the Cognos team, "with particular strength in the mid-enterprise market," the company said. The deal is expected to close in the fourth quarter of this year.