The Currency Cloud nabs $10 mln

The Currency Cloud has secured $10 million in Series B funding. The investors were Atlas Venture, Anthemis Group, Notion Capital, XAnge Private Equity and Silicon Valley Bank. The Currency Cloud is an international payments engine.

First read Feb 24

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This midweek morning find out how private equity fund terms have evolved, how much private equity funds benefit from debt-related tax shields, Energy Capital Partners closing Fund III and the latest personnel news for Atlas Venture.

Ataxion secures Series A Financing from Atlas Venture and Biogen Idec

Ataxion, a discovery-stage biopharmaceutical company developing novel therapies for rare, debilitating, and underserved neurologic diseases, has secured Series A financing commitments totaling $17 million from Atlas Venture and Biogen Idec. Based in Cambridge, Massachusetts, the company’s lead program is focused on a group of orphan genetic disorders termed hereditary ataxias.


ZappRx raises $1 mln more in seed

ZappRx, which provides a platform for electronic prescriptions, announced it has raised $1 million in seed funding in a round led by Atlas Venture. The funding also included SR One, and individual investors Terry Meguid, David Hamamoto, Sean Trigony and James Glimm. The Cambridge, Mass.-based company has now raised $2.2 million in total seed financing, having announced last fall a $1 million seed round.

Keas Raises a Healthy $8M in New Funding

Corporate health and wellness startup Keas quietly announced today that it has raised $8 million in additional funding from Ignition Partners and Atlas Venture. The San Francisco-based company, which helps corporations promote healthy behavior among its employees, had previously raised about $18 million in venture funding, since the company was founded in 2009. Keas is part of a new wave of next-generation corporate wellness systems that leverage social media and game mechanics to get employees motivated about improving their health.

Online Payments Startup Plastiq Raises Fresh $6M

Plastiq, a Boston-based online payments company, has raised $6 million in financing. The round was led by Atlas Venture and Flybridge Capital Partners and also included investors in an earlier, $2.3 million financing sewn up last spring. Those other investors include NextView Ventures, Greenoaks Capital Management and individual investors such as Harvey Golub, the former chairman and CEO of American Express.

PowerInbox and ActivePath Merge with Venture Funding

Email technology provider PowerInbox has merged with ActivePath, a provider of interactive email technology within the enterprise space. PowerInbox is based in Cambridge, Ma, and ActivePath is based in New York, with offices in Tel Aviv, Israel. The combined entity will have $10 million in funding from Atlas Venture, Longworth Venture Partners, Battery Ventures, Genesis Partners, GIMV NV and Correlation Ventures.

Nimbus Discovery Names Lynch Executive Chairman

Biotechnology company Nimbus Discovery has appointed Daniel Lynch has been appointed to the company’s board of directors as executive chairman. Lynch will succeed Bruce Booth, D. Phil., partner at Atlas Venture and co-founder of Nimbus, who will remain on the board. Nimbus is backed by life science investors including Atlas Venture, SR One, Lilly Ventures and Gates Ventures.

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