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

TEWKSBURY, June 1, Vasca, Inc. raised $19.6 million of private equity capital. MVM Limited, a UK based medical venture fund, led the round of financing with The Sprout Group, Crossroads, Tailwind Capital Partners, Atlas Ventures, Pacific Ventures, Bedrock Capital, and Weiss, Peck and Greer also participating. Founded in April 1996, Vasca develops proprietary technologies that provide improved body access for therapeutic intervention.

CAMBRIDGE, June 4, Avaki Corporation, formerly Applied MetaComputing, closed $6 Million in its first venture capital funding, which was led by Polaris Venture Partners. The funding will be used to commercialize the company's Internet-scale enterprise-class "grid" middleware platform, which integrates distributed, pervasive, and peer-oriented computing.

MAYNARD, June 4, AP Engines, a provider of an OSS integration platform for telephony and broadband provisioning and usage management, closed $30 million in a second round financing. Thomas Weisel Capital Partners led the round, which also included a strategic investment from Enron Broadband Services, a subsidiary of Enron Corp. The company's original investors - Atlas Venture, Bessemer Venture Partners and Commonwealth Capital Ventures - also participated in the round, as did new partners Lighthouse Capital Partners and Mentmore Venture Partners.

ANDOVER, June 4, HydroCision Inc. received $2 million in a second round of private financing from Oxford Bioscience Partners, a life sciences and medical technology-focused venture capital firm headquartered in Boston. The company previously raised the $5.5 million from Oxford Bioscience. This final $2 million investment from Oxford resulted from HydroCision's meeting certain milestones.

NATICK, June 4, Connected Corporation, a provider of scalable solutions for enterprise PC backup and recovery, received $30 million in financing from new investors Peregrine Systems, StarVest Partners, New York Life Capital Partners, Ironside Ventures and Deutsche Banc Alex. Brown, as well as existing investors Baker Capital, Fidelity Ventures, Granite Ventures, Applied Technology and Solstice Capital. Connected has raised $66 million in equity financing to date.

WORCESTER, June 6, Blackstone Technology Group, Inc., a developer of high-throughput computing software and services, secured $12.6 million in Series B venture financing led by Ampersand Ventures. Co-investors included SOFTBANK, Garfly Invest AG, Itochu International and Synopsys, Inc.

CHELMSFORD, June 6, Triton Systems, Inc., a materials product and process development firm, announced that it has completed the first round of financing for its three new spin-offs. The new companies, Elecon Inc., Sensera, Inc., and Tribond, Inc., were recently created to further develop and market commercial materials technologies incubated at Triton. Millennium Materials Fund was the lead investor in the financing.

CHELMSFORD, June 11, e-StudioLive Inc., a provider of interactive Webcasting systems, received $4 million in Series B funding. Apex Investment Partners, Putnam Investments, and several private investors participated in the round. e-StudioLive will use the money to support the growth of the company. Founded in 1971, e-StudioLive provides content creation solutions for live interactive and on-demand Webcasting.



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