115 Views

Rift.io raises $16 mln

Rift.io said Thursday it closed a $16 million Series A round led by North Bridge Venture Partners. Other strategic investors also participated. Burlington, Massachusetts-based Rift.io provides open source, hyperscale network virtualization software that aims to simplify the development, deployment and management of virtual network services, applications and functions.

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Formation 8 leads Series B round for Cazena

Waltham, Massachusetts-based big data startup Cazena has secured $20 million in Series B funding. Formation 8 led the round with participation from return backers Andreessen Horowitz and North Bridge Venture Partners.

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Arsenal Medical snags $16 mln while 480 Biomedical picks up $10.5 mln

Watertown, Massachusetts-based Arsenal Medical, a maker of foam and nanofiber products, has secured $16 million in funding. The investors were Polaris Partners, North Bridge Venture Partners and Intersouth Partners. Also, 480 Biomedical, which spun out of Arsenal Medical and is a maker of bioresorbable scaffold products, has secured $10.5 in funding. The backers were the same as those who participated in Arsenal’s recent funding round.

VC-backed Cool Planet beefs up board of directors with new addition

Cool Planet, which converts non-food biomass into gasoline through mechanical and chemical processes, has named Dennis Weibling to its board of directors. Weibling is the managing director at Rally Capital LLC. Cool Planet’s backers include BP, Google Ventures, Energy Technology Ventures and North Bridge Venture Partners.

Coolan attracts seed funding

San Mateo, California-based analytic solutions provider Coolan has secured an undisclosed amount of seed funding, the company announced in a blog post on its site. The investors were Social + Capital, North Bridge Venture Partners and Keshif Ventures. To read the post, visit here.

VC-backed Firm58 taps North Bridge’s Burgess for board

Chicago-based Firm58, a financial management software provider, has appointed Bill Burgess to its board of directors. Burgess is an operating partner at North Bridge Venture Partners. In addition to North Bridge, Firm58 is also backed by Pritzker Group Venture Capital.

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Good Technology buys VC-backed Macheen

Good Technology has acquired Macheen, an Austin-based mobile cloud application service provider. No financial terms were disclosed. Macheen’s backers included GemVentures, North Bridge Venture Partners and DFJ Mercury.

San Francisco advertising startup Sharethrough nets $10 mln

According to a blog post on its site, San Francisco-based advertising startup Sharethrough has received $10 million in funding. British Sky Broadcasting led the round with participation from FLOODGATE, Elevation Partners, North Bridge Venture Partners and Silver Creek Ventures. To read more about the funding, visit here.

First read 24 Sept
748 Views

peHUB First Read

This morning read all about why women VC partners are becoming few and far between, Chicago’s MEABF recruiting for a CIO and how syndication networks can work for you.

144 Views

Data storage firm Nasuni racks up $10 mln

Nasuni said Monday that it has raised $10 million in financing. Investors included Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners. Based in Natick, Mass., Nasuni is a provider of data storage solutions.

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VC-backed Tapjoy acquires 5Rocks

Mobile app tech firm Tapjoy has bought 5Rocks. No financial terms were disclosed. 5Rocks is a Korean provider of predictive analytics and marketing automation solutions. Tapjoy is backed by J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures.

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Digital business company Acquia bags $50 mln

Acquia has raised $50 million in funding. New Enterprise Associates led the round with participation from Split Rock Partners, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital. In addition to the funding, Ravi Viswanathan, general partner at NEA, has been named to Acquia’s board of directors. Headquartered in Burlington, Mass., Acquia is a digital business firm.

VC-backed Zettics names VP of monetization

Zettics has hired Adam Guy as vice president of monetization. Previously, Guy worked at Millward Brown Digital where he served as senior vice president of business development and head of mobile. Based in Concord, Mass., Zettics is a provider of actionable subscriber analytics. Its backers include North Bridge Venture Partners, Voyager Capital, Steamboat Ventures, Emergence Capital, Excelestar Ventures, DRW Trading Group and Jump Capital.

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ANSYS acquires VC-backed SpaceClaim for $85 mln

ANSYS, an engineering simulation software firm, has acquired SpaceClaim Corp. for $85 million in cash. Deutsche Bank Securities was financial adviser to SpaceClaim on the transaction. Based in Concord, Mass., SpaceClaim is a 3-D modeling tool provider. SpaceClaim was backed by Kodiak Venture Partners, Borealis Ventures, Needham Capital Partners and North Bridge Venture Partners.

102 Views

VC-backed Zinio acquires Audience Media

Digital newsstand company Zinio said Tuesday that it has acquired Audience Media. No financial terms were disclosed. Audience Media is a mobile app solutions provider. Zinio’s backers include Commonwealth Capital Ventures and North Bridge Venture Partners.

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