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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