Borealis Ventures

Flux Factory Inc, a data exchanging service for architects, engineers, and contractors, has secured $29 million in Series B funding. Temasek and Surbana Jurong Private Limited led the round with participation from other investors that included Far East Ventures, DFJ, South Park Ventures, Borealis Ventures and Obvious Ventures. In conjunction with the funding, Nina Yang, chief operating officer at Singbridge, has been added to Flux's board of directors.

Lebanon, New Hampshire-based biotech company Avitide Inc has secured an undisclosed amount of Series C funding. NeoMed Management led the round with participation from previous backers Polaris Partners, OrbiMed Advisors, SV Life Sciences and Borealis Ventures. In addition to the funding, Claudio Nessi of NeoMed has been added to Avitide’s board of directors.

DFJ has led an $8 million Series A funding round in Flux, which provides collaborative design software for the building construction industry. Borealis Ventures participated in the funding round. Steve Jurvetson, a DFJ partner, has joined Flux's board of directors.

Sketchfab has raised $2 million in funding. Balderton Capital led the round with participation from Partech Ventures, Borealis Ventures and David Cohen, founder of TechStars. Based in Paris and New York, Sketchfab is an online publishing platform for interactive 3D files.

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.

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.

SpaceClaim Corp., a Concord, Mass.-based 3D mechanical designer for the manufacturing industry, has raised $5 million in fourth-round funding. Return backers included Borealis Ventures, Kodiak Venture Partners, Needham Capital Partners, and North Bridge Venture Partners. The company previously raised $28 million.

Vico Software, a Boulder, Colo.-based provider of software building construction industry, has raised $3.6 million in Series B funding. Return backers include Borealis Ventures, Highway 12 Ventures, and Village Ventures.

A new study finds 51 percent of the business leaders and board directors saying AI should be driving long-term strategic planning and 51 percent saying their boards recruited AI specialists in the last 12 months.

Amid increasing pet ownership, longer lifespans for cats and dogs and the trend to treat pets as family members, venture capitalists are betting on expanding market opportunities in animal health.

One Health Company, a provider of precision medicine for dogs with cancer, has raised $10 million in financing.

Cambridge, Massachusetts-based Ovation.io, a next-generation clinical informatics company, has raised $5 million in Series A funding. Madrona Venture Group led the round with participation from other investors that included Borealis Ventures, Nat Turner, Zach Weinberg, StagedotO and David Shaw.

UK-based Evox Therapeutics Ltd, an exosome therapeutics company, has raised $45.4 million in Series B financing. Redmile Group led the round with participation from other investors that included GV, Cowen Healthcare Investments, Panacea Healthcare Venture, Borealis Ventures, Oxford Sciences Innovation and Oxford University.

Cambridge, Massachusetts-based Compass Therapeutics, a biotechnology company, has closed its $132 million Series A financing. OrbiMed Advisors led the round with participation from other investors that included F-Prime Capital, Cowen Healthcare Investments, Thiel Capital, Biomatics Capital, Ulysses Holdings, Borealis Ventures, Alexandria Venture Investments and Biomed Realty Ventures.

Geothermal energy startup Dandelion has raised $4.5 million in funding. New Enterprise Associates led the round with participation from BoxGroup, Daniel Yates, Ground Up, Borealis Ventures, Collaborative Fund and ZhenFund.