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Flying Under the Radar in February: Nine New England Startup Deals Under $1 Million

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in a piece last week).

The biggest deal to make the February under-the-radar list was $850,000 for XL Hybrids, in a deal that included a promissory note convertible into equity and security to be acquired through the exercise of options or warrants, according to a regulatory filing. We covered the news when it first broke for the Somerville, MA-based startup, which helps organizations maintain hybrid vehicle fleets.

We’ve typically seen Web, software, and energy startups on past lists of smaller deals, but the life sciences industry made a splash in the smaller pool last month, thanks to deals for HealthPrize, as well as laparoscopic instrument maker Cambridge Endoscopic Devices (which actually operates out of Framingham, MA) and Marlborough, MA-based Spectra Analysis, a supplier of molecular spectroscopy systems that caught our eye when it received loans last year from a Massachusetts initiative for investing in the life sciences industry.

Another February under-the-radar deal, a debt-based transaction worth $501,994, went to a company we’ve seen before, Dedham, MA’s Metatomix. Wade previously profiled how the company’s semantic Web technology, which tags raw data with detailed descriptions, or metadata, helps law enforcement electronically monitor the records of past offenders.

And personally, I’m excited about another Web startup on the list: Cambridge’s thredUP, an online marketplace for exchanging used clothing, which pulled in $220,000 in equity-based funding last month.

Read below for the list of deals and company descriptions.

XL HybridsSomerville,  MAA maker of hybrid systems for commercial vehicle fleetsSecurity To Be Acquired$850,000
Cambridge Endoscopic DevicesFramingham, MAA maker of handheld laparoscopic instrumentsDebt$734,000
Metal Oxygen Separation TechnologiesNatick,          MAA developer of technologies for converting metal oxides to high-purity metals and pure oxygen gas, for lowering industrial emissions and energy useEquity$645,200
Metatomix Dedham,      MAA provider of semantic integration software for enterprisesDebt$501,994
Tap ‘n TapBoston,         MAA designer of Web platforms for touch-screen home Internet devicesEquity$500,000
3Play Media Cambridge,  MAA developer of audio transcription and captioning softwareEquity$450,000
thredUPCambridge,  MAAn online used clothing exchangeEquity$220,000
HealthPrize TechnologiesNorwalk,       CTA maker of a system that incites patients to take their prescriptions, using financial incentivesEquity$150,000
Spectra AnalysisMarlborough, MAA supplier of molecular spectroscopy systemsDebt$125,000

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