San Francisco-based WaterSmart Software, a customer engagement platform for water utilities, has received $7 million in Series B funding. The investors included The Westly Group, Apsara Capital, Physic Ventures and Draper Fisher Jurvetson. In addition to the funding, Hal Harvey of Energy Innovation has been added to WaterSmart’s board of directors.Continue
The number of VCs dining on food sites is growing, as Yummly announced today it has raised a $6 million Series A round from two new backers and its returning investors. New investor Physic Ventures led the round, with participation from Unilever Corporate Ventures and returning VCs Harrison Metal Capital, First Round Capital, Intel Capital, The Harvard Common […]Continue
Mohr Davidow Ventures, Atlas Ventures and Physic Ventures have backed Waltham, Mass.-based On-Q-ity with $5 million in fresh capital. On-Q-ity is a life science company focused on circulating tumor cell capture and characterization for clinical researchers and physicians. They company’s technology is designed to enhance decision-making across multiple cancer types, it says. -cn PRESS RELEASE […]Continue
Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.Continue
EnergyHub Inc., a maker of home energy management software and systems, has raised $14.5 million in Series B financing. Acadia Woods and the New York City Investment Fund, joined existing investors .406 Ventures and Physic Ventures in the round. The money will help EnergyHub deploy its systems, and launch its wireless thermostat software service. EnergyHub is based in Brooklyn.Continue
Lexington, Mass.-based T2 Biosystems has closed a $23 million Series D financing round led by new investor Aisling Capital. Return backers Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, Physic Ventures, Partners Healthcare, Arcus Ventures, RA Capital, Camros Capital and WS Investments also contributed. The money will help with ongoing development and clinical trials of the company’s diagnostic technology.Continue
Gazelle said Thursday it closed a $22 million series D round of financing led by Craton Equity Partners. The Boston-based e-commerce company’s round received participation from existing investors Physic Ventures, Venrock Associates and RockPort Capital. PRESS RELEASE Gazelle Raises $22 Million Led by Craton Equity Partners Series D Round Primes Gazelle for Continued Industry Leadership […]Continue
Alliance Health Networks, a developer of condition-specific social networks, has raised $11 million from investors including New World Ventures, Physic Ventures, Highway 12 Ventures and Epic Ventures. New World led the round, which will be used for development and expansion of its platforms, as well as growth of its mobile platform. Morgan Keegan served as financial advisor to Alliance Health Networks.Continue
Cleantech start-up WaterSmart Software has raised $900,000 in a seed financing round led by Menlo Incubator, and joined by Draper Fisher Jurvetson, Physic Ventures, and Sand Hill Angels. The company was formed in late 2009, and will use the cash infusion to build out its customer engagement platform for water utilities.Continue
Gazelle, a Boston-based “re-commerce” startup, has raised $12 million in Series C funding. Physic Ventures led the round, and was joined by return backers Venrock and RockPort Capital Partners.Continue
T2 Biosystems Inc., a Cambridge, Mass.-based developer of portable medical diagnostic products that combine nanotech and miniaturized magnetic resonance technology, has raised $15 million in Series C funding. Physic Ventures led the round, and was joined by Arcus Ventures, RA Capital, Camros Capital, WS Investments and return backers Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners and Partners Healthcare. The company previously raised just over $21 million.Continue
On-Q-ity, which announced a $21 million Series A round today, is a combination of two other Mohr Davidow companies — CELLective Diagnostics and The DNA Repair Company — that would have languished and probably died had their investors and scientists not figured out a way to keep their technology alive, said Mohr Davidow’s Sue Siegel.
Both companies had the misfortune of looking for a Series B round in the summer of 2008 — a slow season to begin with — and then getting hit with the global financial collapse that followed.
“They found themselves not able to raise a financing, not because of the merits of the technology, but because of the environment and the circumstances that existed,” Siegel said. “Many companies didn’t get financing, and you’ll find a graveyard of companies where either the technology was shelved or it got delayed or they’re subsisting on minimal dollars until they see another day.”Continue
EnergyHub, a Brooklyn, N.Y.-based provider of home energy management solutions, has raised an undisclosed amount of Series A funding co-led by .406 Ventures and Physic Ventures.Continue
Stacy Feld has joined Physic Ventures as a director. She previously was an associate director of business development with Genetech Inc. www.physicventures.comContinue