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December 2001
November 2001
October 2001
September 2001
August 2001
July 2001
June 2001
May 2001
Venture Capital
August Venture Capital Financings
Compiled by D. Piemonte

CAMBRIDGE, Aug. 1, MolecularWare Inc., a bioinformatics company, announced that it has closed a $2.5 million Series A financing round, led by the Aspen Investment Group and KnowledgeCube Group Inc. MolecularWare will use the proceeds to continue the commercialization of its DigitalGENOME suite of software products that streamline the capture and analysis of mission-critical data from high-throughput research platforms.

NORTON, Aug. 2, CardioFocus, a cardiac technology company, entered into a exclusive multiyear agreement with Edwards Lifesciences that included a $4 million equity investment in the privately held company. CardioFocus is developing minimally invasive catheter ablation treatments for atrial fibrillation. The company's other investors include Oxford Bioscience Partners, Schroder Ventures Life Sciences, Guidant, and Boston University.

CAMBRIDGE, Aug. 6, RealityWave Inc., a developer of an Internet-based platform for industrial data collaboration applications, announced the closing of a more than $1.1 million convertible note financing provided by Echelon Ventures. The investment provides RealityWave, founded in 1996, with the capital needed to continue its penetration into the design, manufacturing and construction collaboration space.

CAMBRIDGE, Aug. 6, ChannelWave Software, a developer of Partner Relationship Management (PRM) solutions, closed a $26.5 million round of venture financing. Led by SOFTBANK Venture Capital, the round included increased investments from ABS Capital Partners, Lazard Technology Partners and Ironside Ventures. The company has raised a total of $59 million in venture capital since its founding in 1997.

CAMBRIDGE, Aug. 6, Ember Corp. received $3 million in a seed round led by Polaris Venture Partners with DFJ New England, Stata Venture Partners, and Bob Metcalfe also participating. Ember will use the funding to refine its core technology. The company is building a low-cost, low-power wireless embedded networking platform.

BURLINGTON, Aug. 6, IPeria Inc. received $9 million in additional funding from Argo Global Capital, GSM Capital, and New Venturetec. Founded in 1997, IPeria is a developer of application server and subscriber applications software that enable telecommunications service providers to attract and retain customers. IPeria will use the funding to fuel the development of additional enhanced subscriber services.

BOSTON, Aug. 8, NaviMedix, Inc., a provider of online solutions connecting physician offices and hospitals with their healthcare partners, announced the closing of a $27 million mezzanine-round of financing. The funds will be used to fuel the company's market expansion and business development initiatives. North Bridge Venture Partners, Atlas Venture, Coral Ventures, GE Equity and Internet Healthcare Group participated in the round along with Highmark Blue Cross Blue Shield, Independence Blue Cross and Copic Companies.



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