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Under-the-Radar in New England: 16 Startup Financings Under $1 Million

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a sole deal.

The biggest deal still went to a life sciences company, with $900,000 in equity-based funding to Anterion Therapeutics. The Salem, MA-based company is making what it calls “bioerodible” implants—small drug delivery devices that don’t have to be surgically removed from the body after use. But there were some sizeable under-the-radar deals that went to non-healthcare companies. The second biggest, for example, was a $842,981 debt-based transaction that went to Newton, MA-based inStream Media. The company provides targeted, point-of-purchase advertising on sales receipts at major retailers. The inStream service uses factors such as location, payment method, date of purchase, and items purchased to choose the ad that best suits each customer.

The energy sector—a no-show on the list of bigger venture investments—accounted for several entries on list of smaller deals: $650,000 in equity-based funding for solar power dish maker PowerPlay Solar, $364,221 in an equity offering for solar-powered refrigeration developer Promethean Power Systems, and $135,000 in debt-based funding for kWhOURS, a maker of software for energy auditors (yes it’s technically a software startup, but it’s focused on energy efficiency).

Check out what other types of companies nabbed deals under $1 million, with the complete under-the-radar list below.

Anterion Therapeutics

Salem,
MA

A developer of bioerodible implants for delivering drugsEquity$900,000
inStream MediaNewton,
MA
A provider of targeted advertising on sales receiptsDebt$842,981
WistiaLexington,
MA
A maker of software for measuring customer interaction with online videoEquity$788,809
EcochlorActon,
MA
A developer of ballast water treatment systems for removing invasive species and pathogens from waterEquity$681,543
PowerPlay SolarRidgefield,
CT
A developer of solar energy power dishesEquity$650,000
Whaleback SystemsPortsmouth,
NH
Developer of hosted voice services for small and medium-sized companiesDebt$600,000
Digital Brand ConnectionsWilton,
CT
An interactive marketing companyEquity*$550,000
Akademos

Norwalk,
CT

An online bookstore for used college textbooks and course materialEquity$500,000
Interactive Mobile AdvertisingNorwalk,
CT
A provider of mobile travel destination guidesEquity$375,141
Promethean Power SystemsCambridge, 
MA
A maker of solar-powered refrigeration systems for food-distribution networksEquity$364,221
VermedxBurlington,
VT
A maker of software for diabetes patient information managementEquity*$350,000
FMP ProductsGreenwich,
CT
A developer of laboratory automation products for pharmaceutical and clinical researchDebt*$300,000
Insur I.Q.Shelton,
CT
A maker of software for managing information on doctors’ fees and insurance informationEquity$275,000
Adelja LearningConcord,
NH
A stealthy learning technology companyEquity$220,000
Yamisee

Westport,
CT

A marketplace for live online coursesEquity$200,000
kWhOURSSouth Hamilton,
MA
A provider of digital workflow automation software for energy auditorsDebt$135,000

*includes options or warrants

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