Massachusetts Venture Capital Deals Up in October

Massachusetts-based startups raised $199.1 million from 30 venture capital deals in October 2010, according to an Xconomy report based on data from CB Insights.  These numbers are up strongly from the September 2010 total of $146.8 million from 25 deals.

The top deals in October were:

 

  • The $21.5 million Series E financing of Aspen Aerogels, a Northborough, MA-based company that produces advanced, energy-efficient aerogel insulation products.  The round was led by BASF Venture Capital and included existing investors RockPort Capital and Tenaya Capital, among others.

Other highlights of the report:

    • 9 healthcare companies raised $83 million

 

    • 10 Internet companies raised $46 million

 

  • 4 energy and utilities companies, all of which are focused on solar power, raised $31 million

Eight Massachusetts-based companies also raised a total of $9.7 million from rights- and debt-based financings.  Leading the group was Quanterix Corporation, a Cambridge, MA-based diagnostics startup backed by ARCH Venture Partners, Bain Capital Ventures and Flagship Ventures, which raised $2.5 million.

This post on Venture Capital was authored by Jonathan Shapira.

 

 
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