Northeast Venture Capital Funding and M / A Activity
Daily reports on funding announcements in the Boston / Northeast region for venture capital plus mergers and acquisitions, specific to the high tech industry.
Tuesday, July 21, 2009
Akiba raises $6.5M in Venture Capital funding - Boston, MA
Akiba, a Boston-based startup, developing a database virtualization solution that enables effortless scalability across nodes, both within the enterprise and in the cloud, has raised $6.5M in venture capital funding.
Acquia raises $8M in Venture Capital funding - Andover, MA
Acquia, an open source software company providing value-added products and services for the Drupal social publishing system, has raised $8M in a second round of venture capital funding. Investors included Sigma Partners and North Bridge Venture Partners.
Go2 Media raises $3M in Venture Capital funding - Boston, MA
go2 Media(TM) (www.go2.com), a mobile media company that delivers personalized local information and entertainment content, today announced that it closed a $3 million funding round led by General Catalyst.
MedVentive raises $7.25M in third round of VC funding - Waltham, MA
MedVentive, the leading provider of integrated performance management solutions for health plans and providers, is pleased to announce the next phase of its growth will be fueled by a new Series C $7.25M investment. New investor, Excel Venture Management, a premier investment partner in the healthcare industry, co‐led the round with existing investor HLM Venture Partners, and Long River Ventures also participated in this round. Enrico Petrillo, M.D., Managing Director at Excel Venture Management, will join the Company’s Board of Directors and Caleb Winder, Vice President at Excel will be a Board Observer.
Tributes raises $1.2M in Venture Capital funding - Boston, MA
Tributes, Inc. today announced that is has closed a second round of funding adding another $1.2 million to its first round, bringing the total amount of capital raised to $5.4 million, by a strategic group of both existing and new investors representing both funeral service and the Boston tech community. The financing will provide ongoing support in the further development of Tributes.com into the leading national online destination for timely obituary news and lasting tributes celebrating loved ones’ lives.
ConnectEDU, the nation’s leading technology firm dedicated to providing students, educators and employers with comprehensive solutions to successfully navigate education and employment transitions, has raised $8.2 million in venture funding which was led by Allen & Co.
Nexage raises $4M in first round of funding - Boston, MA
Nexage, a leading provider of mobile advertising solutions, has closed US$4 million in Series A funding from BlackBerry Partners Fund and GrandBanks Capital. The funding will be used by Nexage to scale its mobile advertising platform to meet the needs of its growing global customer base, and to strengthen its sales and marketing efforts. Concurrent with the funding, mobile advertising pioneer Mike Baker has been appointed as Chairman of the Nexage Board of Directors; while Matt Golden, Partner at BlackBerry Partners Fund, and Ryan Moore, General Partner at GrandBanks Capital, will be joining the Nexage Board of Directors.
HP and IBRIX today announced a definitive agreement for HP to acquire IBRIX, a leading provider of enterprise-class file serving software that includes data protection, high-availability features and data management services for extreme scale-out, cloud and high-performance computing deployments. Founded in 2000, and an HP partner for three years, IBRIX is privately held and headquartered in Billerica, Mass. It has 53 employees and more than 175 enterprise customers spanning the communications, media, entertainment, Internet, oil and gas, healthcare, life sciences, and financial services markets. The value of the transaction is not disclosed.
ActiFio Inc., a Weston, Mass.-based stealth storage startup, has secured $4 million of an $8 million Series A round, according to a regulatory filing. The company's only listed executive is Ash Ashutosh, a partner with VC firm Greylock and former StorageWorks chief technologist. Listed as a board member is James Goldstein, a partner with North Bridge Venture Partners.