VMware Springs for SpringSource, Turbine Takes $6.7M, CombinatoRx Teams With Clinical Data, & More Boston-Area Deals News

Xconomy Boston — 

Boston- and Cambridge-based tech and life sciences firms cut the usual assortment of deals this week, but their brethren further out in New England were unusually active as well.

Marathon Technologies raised a $7 million round of equity financing from undisclosed investors. The Littleton, MA-based firm makes disaster-recovery software for virtual and physical servers.

—Norwalk, CT-based Akademos, an online seller of used college textbooks and course materials, raised $2.5 million in equity funding from Kohlberg Ventures of Portola Valley, CA.

—Online video game maker Turbine, of Westwood, MA, reportedly collected $6.57 million of a planned $50 million Series D round of financing from existing investors. If completed, the new round would bring Turbine’s total venture funding to $145 million.

EMC (NYSE: EMC) virtualization subsidiary VMware (NYSE: VMW) agreed to acquire San Mateo, CA-based SpringSource for $420 million in cash and stock. The deal marks VMware’s largest acquisition to date.

—Boston and U.K.-based crowdsourcing software firm Imaginatik (AIM:IMTK) raised $2.6 million from unnamed new and previous investors.

MyWebGrocer, a Colchester, VT-based provider of e-commerce and digital media services for grocery and consumer goods retailers raised $13 million in equity financing from New York, NY, investment firm Stripes Group.

—West Lebanon, NH-based energy storage firm SustainX raised $4 million from unspecified investors. SustainX has developed a system for storing electrical energy in the form of compressed air.

CombinatoRx (NASDAQ:CRXX) of Cambridge, MA, agreed to pay Newton, MA-based Clinical Data (NASDAQ:CLDA) up to $252 million in milestone fees for rights to a compound to be used in a combination treatment for multiple myeloma and other B-cell cancers.

—Cambridge-based Constellation Pharmaceuticals collected a $17.2 third and final tranche of its Series A financing, which totaled $32 million. Boston’s Third Rock Ventures was behind the launch of the company’s launch and the Series A deal, which was announced last year.

General Catalyst Partners of Cambridge led a $6 million Series B funding round for New York, NY-based Boxee, a provider of software for navigating online video offerings on a TV. Spark Capital of Boston participated in the round.

—Salem, MA-based Fashion Playtes raised $1.5 million in a Series A round of financing led by LaunchCapital and New Atlantic Ventures. The startup’s website, pitched at girls aged 6 to 12, allows users to design their own garments online and purchase them to wear.