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Two startups, both housed at the Cambridge Innovation Center tech incubator, pulled down early-stage funding this week. Pixability Inc. added to its seed round with $150,000 from an angel investor, and Micronotes Inc. took in a $301,000 equity round.
Pixability Inc. is a digital video startup founded by CEO Bettina Hein in 2008. The company sends Flip cameras to business customers who record video. Pixability then uploads the footage and produces marketing videos. Its methods are designed to undercut the prices charged by professional video production companies.
Hein said Pixability is now getting two or three video orders a day and has passed the 100-customer mark. Its new funds are part of a $500,000 angel round, according to documents filed by the company with the U.S. Securities and Exchange Commission. Hein said they add to an earlier funding round, but she declined to disclose the company’s total financing so far.
Micronotes develops direct-marketing software designed to add special offers to a bank’s online bill-paying service. The offers are coupled with discounts on bills customers are paying. Company executives did not return messages looking for comment on the financing, but according to a presentation on the site, it has a patent pending on a campaign management system that targets users based on information they volunteer. The more information the user volunteers, the better the discount. The founder is Devon Kinkead, who previously founded Extraction Systems Inc. The Franklin-based maker of semiconductor manufacturing equipment sold in 2005 to Mykrolis Corp. for $25 million.
Micronotes’ financing was disclosed in a filing with the Securities and Exchange Commission. Venture Capital Fund of New England co-founder Harry Healer Jr. and MIT associate professor Nelson Repenning are both on Micronotes’ board.
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