CAMBRIDGE, July 2, iPhrase Technologies, Inc., a provider
of enterprise information access software, announced it has
secured $25 million in financing. The round, led by Reed Elsevier
Ventures, includes new investors TD Capital Technology Ventures
and RSA Ventures, as well as existing investors Charles River
Ventures, Greylock, and Sequoia Capital. iPhrase's technology
enables users to get direct, one-step access to all of a Web
site's content. Founded in 1999, iPhrase has over 70 employees,
with offices in both Cambridge, Massachusetts and San Mateo,
California.
BURLINGTON,
July 5, Bell Canada announced that Bell Mobility Investments
(BMI), as part of its R&D program, is making a $300,000
investment in Maptuit Corporation, a supplier of
eGeo services- Internet-based services centered on the road
network. Maptuit provides address matching, route generation,
step-by-step directions, map rendering, and true-cost proximity
searching services.
CHARLESTOWN,
July 9, PHT Corporation, a provider of Web-based
electronic data management systems and technology for the
biopharmaceutical industry, announced over $18 million in
equity financing led by Care Capital. New investors Merck
Capital Ventures, Merrill Lynch Ventures, Quintiles' PharmaBio
Development, and PAREXEL International also participated
along with previous investors Boston Millennia Partners,
Rho Ventures, U. S. Bancorp Piper Jaffray Ventures, DelTech
Ventures, and Kestrel Ventures. PHT will use the funding
will to accelerate its rate of new technology investment,
expand global outreach, and focus on selective merger, acquisition,
and partnership opportunities. PHT has raised more than
$40 million in venture financing to date.
CONCORD,
July 9, Lumigent Technologies, Inc., a developer
of database tools for critical business platforms, secured
over $700,000 from individual investors. Lumigent will use
the funds raised in this angel round investment to fund
continued research and development of new products and expand
its sales and marketing initiatives. Founded in August 2000,
Lumigent develops solutions that increase the reliability,
availability, quality and manageability of mid-tier database
applications.
BOSTON,
July 10, Corechange, Inc., a global provider of e-access
framework software, raised a total of $36 million in a Series
C equity financing. On May 7, 2001, the company announced
that it had closed $25 million in funding for this round.
An additional $11 million investment in the Series C round
has been made by Samsung Venture Investment Corporation,
Sterling Capital, Ltd. and UBS Capital Europe. Earlier investors
in the Series C round included UBS Capital Americas, Exelon
Capital Partners, SG Cowen Ventures, Nortel Networks, ABN
AMRO Private Equity and HarbourVest Venture Partners. Founded
in 1996, privately held Corechange has raised $76 million
to date and plans to use the funds to continue the company's
global expansion and accelerate its path to profitability.
FRAMINGHAM,
July 10, Hurwitz Group received a second round of funding
from Boston Millennia Partners and Mid-Atlantic Venture Funds.
The company will use the funding for product development and
expansion of its customer base. Founded in 1992 as an information
technology research firm, Hurwitz Group has grown into a client-oriented
analyst, research, and consulting firm. The company's clients
include Fortune 2000 companies, software and hardware vendors,
and service providers. |
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