Borealis Ventures related stories
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Newforma Receives $5.1 Mln in Series D FundsNewforma said Monday that it has raised $5.1 million in Series D funding. North Bridge Venture Partners, Kodiak Venture Partners and Borealis Ventures all participated in the round. Based in Manchester, NH, Newforma is a provider of project management software for architecture, engineering and construction firms.
- Vets First Choice Receives $6.5 Mln
Vets First Choice said on Monday that it has raised $6.5 million in financing. New investor HLM Venture Partners led the round. Also participating were existing investors Polaris Partners, Borealis Ventures, Harbor Light Capital and Black Point Group. Based in Portland, Maine, Vets First Choice is an online provider of veterinary partner-pharmacy and marketing services.
- Borealis Ventures Leads Series A for Avitide
New Hampshire-based biotech startup Avitide Inc. has raised an undisclosed amount of Series A financing from Borealis Ventures, SV Life Sciences, Polaris Venture Partners, OrbiMed Advisors, and Angeli Parvi. Borealis led the round. Phil Ferneau of Borealis Ventures, and Michael Ross of SV Life Sciences, joined Avitide’s board. The company is focused on the development of “custom affinity purification solutions” for the biopharmaceutical industry.
- Avedro Completes $43m Series D
Avedro has completed a $43 million Series D financing led by Abingworth along with a significant investment by Third Point. Avedro's other investors include Prism Venture Works, De Novo Ventures, Flagship Ventures, Aperture Ventures, SCP Vitalife Partners, Borealis Ventures and Echelon Ventures. As part of the transaction, David Mayer from Abingworth and Jason Hong, PhD from Third Point will be joining the board of directors.
- Dyn Inks $38m Series A Led by North Bridge
Dyn, an infrastructure as a service provider has attracted a $38 million Series A minority investment led by North Bridge. Waltham, Massachusetts-based North Bridge is also an investor in Dyn clients Disqus, Quora, Demandware, Acquia, and Spil Games.
- Avedro Inks $25M Series C
Waltham, Mass.-based Avedro Inc. has closed on $25 million Series C financing. SCP Vitalife led the round along with Aperture Venture Partners. Existing investors Prism VentureWorks, De Novo Ventures, Flagship Ventures, Borealis Ventures and Echelon Ventures also participated in the round. The company, a developer of systems and procedures for biomechanically strengthening and modifying the cornea, plans to use the funding to expand its commercial operation outside the U.S. As a result of the round, Jeff Dykan of SCP Vitalife will join the Avedro board. Eric Sillman of Aperture Venture Partners joins as an observer.
- Envista Seals $4.1M in Financing, Aims for $7.6M
Envista Corp. has raised $4.1 million from a group of seven investors including Hanover, N.H.-based Borealis Ventures; Boston-based Egan Managed Capital; and Providence, R.I.-based Point Judith Capital. Based in Beverly, Mass., Envista develops Web-based software designed to provide real-time information to help municipalities better manage utility projects, traffic, community events, and other projects. The company will continue fundraising efforts and aims to close its current round at $7.6 million.
- Week in deals, April 19, 2010
Summary of tech companies and other startups in North America that raised venture financing in the past week