Venture Capital News

Tuesday, March 16, 2010

Matrix Partners adds entrepreneur Rodriguez to VC firm
Serial entrepreneur Antonio Rodriguez announced on his blog this morning that he will take a general partner position at Waltham venture capital firm Matrix Partners.
Ky. software startup Backupify moving to Boston
Back up the moving truck right here: Louisville, Ky. software startup Backupify Inc. has raised $1.1 million and is coming to Boston. The 2-year-old startup has developed software designed to back up data stored in cloud-based services like Google Inc.’s Gmail, or the photo sharing service Flickr.
Correlsense corrals $8M in Series B money
Framingham firm Correlsense Ltd. has taken in $8 million in a Series B funding round led by Accel Partners and including existing backers Vertex Venture Capital, eXceed Technology and ProSeed Ventures.

Monday, March 15, 2010

Rapid7 finds $2M in VC funding
Rapid7 LLC has raised $2 million of a planned $4 million venture round, the Boston security software company reported in a regulatory filing posted last week.
Rhythm launches to $21M Series A beat
Startup Rhythm Pharmaceuticals Inc., a virtual life sciences company making peptide-based drugs to treat conditions such as obesity and diabetes, has launched with a $21 million Series A round of funding.

Friday, March 12, 2010

MHT Exclusive: Kleiner Perkins’ Ray Lane talks clean tech’s future in Boston
Ray Lane, managing partner of storied West Coast investment firm Kleiner Perkins Caufield & Byers, was in town last night to speak at an MIT Enterprise Forum of Cambridge event on investing in green technology firms and the future of clean tech in the U.S. and China.
Genetix drug success prompts $35M funding, exec shakeup, hiring plans
Genetix Pharmaceuticals Inc. has raised a venture round of $35 million dollars following the release of data showing that its drug target for a rare disease called Adrenoleukodystrophy has halted the ailment in all three human cases.

Thursday, March 11, 2010

Web startup RunMyErrand to move execs west
After winning West Coast VC cash and a spot in Facebook Inc.’s startup incubator program, RunMyErrand Inc. is moving its top three startup executives to a new office in San Francisco; but founder Leah Busque said the move may not be permanent.
Panel calls out reluctant Boston-area angels
Angel investment needs to become much more active in seeding startups in the Boston area. That was one of the strong conclusions to come out of an occasionally heated panel discussion at the MIT Stata Center last night.
Battery Ventures closes $750M ninth fund
After less than half a year on the fundraising trail, Battery Ventures closed its ninth fund, Battery IX, at $750 million. At its final close, Battery IX is equal in size to Battery VIII, which closed in July 2007.

Tuesday, March 9, 2010

Report: Mobile VC dollars plummeted in 2009
Venture capital dollars stayed away from mobile technology companies in droves in 2009, according to a report issued yesterday by Mobile Monday Boston. VCs put $338.65 million into local mobile plays in 2009, slightly more than half of 2008’s number of $565.28 million.

Monday, March 8, 2010

Postabon pulls in $1.5M VC round
Postabon Inc., a developer of software that identifies local shopping deals for consumers, has raised $1 million of a planned $1.5 million round of venture capital.
DataXu closes $11M second VC round
DataXu Inc. has closed an $11 million Series B venture capital funding round led by Menlo Ventures, with additional funding from Atlas Venture and Flybridge Capital Partners.

Thursday, March 4, 2010

Sage Science lands $2M in VC financing
Sage Science Inc., a developer of laboratory and research-related technologies, has raised a $2 million round of venture capital backed by 16 investors.

Wednesday, March 3, 2010

Desktone gets $5.4M in new funding round
Desktone Inc., a Chelmsford developer of hosted virtual desktop environments, has taken in $5.4 million of a planned $12.16 million financing round.

Monday, March 1, 2010

Zafgen pulls in $10M in VC funding
Pharmaceutical maker Zafgen Inc. has raised a $10.1 million round of funding led by return backers 3rd Rock Ventures and Atlas Venture. The company is developing a weight-loss drug pipeline that is still in the clinical stages of development.

Wednesday, February 24, 2010

Marathon Technologies takes in $13.5M in VC funds
Marathon Technologies Corp., a Littleton maker of fault tolerance software for mixed virtual and hardware environments, has closed a third tranche of a $13.5 million round of Series B venture financing.

Tuesday, February 23, 2010

General Compression grabs $17M in new investment
General Compression Inc. reports it has landed $17 million in a Series A round of venture funding, which it says it will us to develop its first commercial unit and other storage projects.

Friday, February 19, 2010

MedVentive moves funding round up to $10M
Health care management software firm MedVentive Inc. has boosted a venture round from $4.9 million to $10 million, according to regulatory filings.
Growney balances Rudyard VC role with two wireless CEO positions
Two companies, Illume Software Inc. and Isabella Products Inc., are getting access to Rudyard Partners venture capitalist Matthew Growney’s expertise developed from his years at the Lexington venture arm of giant Motorola Inc. Now, he's leading both companies.