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

WALTHAM, Nov. 2, Revit Technology announced it has secured $7 million in additional funding. Atlas Venture and North Bridge Venture Partners maintain their involvement in the company with this investment. Senior management at Revit Technology also contributed to this latest round of funding. Founded in 1997, Revit is developing the first parametric building modeller developed for the AEC industry.

MEDFORD, Nov. 6, Scion Pharmaceuticals announced the completion of a Series A financing round totaling $4,000,000. The lead investor was Boston-based Oxford Bioscience Partners. Scion uses an integrated strategy of functional genomics, chemistry and high-throughput electrophysiology (HTEP) to discover drugs for the treatment of cardiovascular and central nervous (CNS) system disorders.

WALTHAM, Nov. 6, Eigner announced that it has received a $17 million investment from Ampersand Ventures. The funds will be used to continue the company's product development and customer support initiatives. Founded in 1985, the company is a global provider of precision product lifecycle management (PLM) solutions.

WESTFORD, Nov. 7, Captivate Network, Inc., North America's largest elevator media network, delivering programming and advertising to business professionals, announced that it has closed a fourth round of equity financing for $17 million, bringing the total investment to $100 million. ABS Capital Partners and OVP Venture Partners took the lead on this latest investment round.

WESTBOROUGH, Nov. 13, OPEN (OpenService, Inc), announced that $1.2 billion IT management solutions provider VERITAS Software (NASDAQ: VRTS) has taken an equity stake in the company, and that it is acquiring VERITAS's NerveCenter network management technology. At the same time, OPEN has received a $6 million second round of equity financing, led by Zesiger Capital Group, LLC, with new investor 1to1 Venture Partners, LLC, and participation from other existing investors.

GREAT BARRINGTON, Nov. 15, HotRoof, Inc. announced it has received additional financing from its existing investors. The latest round of financing, which totals $825,000, will be devoted to additional product development and sales efforts for HotRoof's media customization software, StreamWriter. Davenport Capital Ventures led the group of investors. The round also included contributions from existing investors Village Ventures and Flavin, Blake & Co.

WALTHAM, Nov. 15, Gómez, Inc., the Internet Quality Measurement firm, announced a financing round of $3.5 million to fund future growth. The round was led by existing investor Dolphin Communications Partners of New York. Also participating were Softbank Finance and Morningstar Japan. Gómez provides customer experience measurement services to help firms build successful e-businesses.

NEWTON, Nov. 19, AMICAS, Inc., a provider of Web-based medical image management systems, announced it has secured $9 million in third round financing. Canaan Partners of Rowayton, Connecticut and Menlo Park, California led the funding round. AMICAS has raised more than $21 million since May 2000.


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