Myomo raises $5 mln

Myomo Inc. said Wednesday its Series B-1 round raised $5 million led by Mountain Group Capital. Cambridge, Massachusetts-based Myomo is a medical device company specializing in myoelectric orthotics for people with neurological disorders.

Biotech company ORIG3N scores $3.1 mln

Boston-based biotech company ORIG3N has closed $3.1 million in funding. The investors included Hatteras Venture Partners, Harris & Harris Group, KTB and Mountain Group Capital.


Nashville start-up Overdog picks up $1.8 mln

Overdog has raised $1.8 million in financing in a round led by Atlas Venture and Chicago Ventures. Other investors included Zynga co-founder Mark Pincus, United Talent Agency and Mountain Group Capital. In conjunction with the funding, Chicago Ventures’ Stuart Larkins has been added to Overdog’s board of directors. Based in Nashville, Overdog is a console matchmaking app developer.

Santen and Clearside Biomedical Enter into Research and Financial Pact

Santen, an Emeryville, Calif.-based subsidiary of Japan-based Santen Pharmaceuticals, has entered into a research collaboration agreement with Clearside Biomedical of Alpharetta, Georgia, a company in which Santen, along with other financial backers, is also making an investment. Specifically, Clearside’s “microinjection platform,” which provides access to the retina and choroid, just attracted $7.9 million in fresh funding from Santen, Mountain Group Capital, Hatteras Venture Partners, Georgia Research Alliance Fund, and Kenan Flagler Business School Private Equity Fund.

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