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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.
|A developer of bioerodible implants for delivering drugs||Equity||$900,000|
|inStream Media||Newton, |
|A provider of targeted advertising on sales receipts||Debt||$842,981|
|A maker of software for measuring customer interaction with online video||Equity||$788,809|
|A developer of ballast water treatment systems for removing invasive species and pathogens from water||Equity||$681,543|
|PowerPlay Solar||Ridgefield, |
|A developer of solar energy power dishes||Equity||$650,000|
|Whaleback Systems||Portsmouth, |
|Developer of hosted voice services for small and medium-sized companies||Debt||$600,000|
|Digital Brand Connections||Wilton, |
|An interactive marketing company||Equity*||$550,000|
|An online bookstore for used college textbooks and course material||Equity||$500,000|
|Interactive Mobile Advertising||Norwalk, |
|A provider of mobile travel destination guides||Equity||$375,141|
|Promethean Power Systems||Cambridge, |
|A maker of solar-powered refrigeration systems for food-distribution networks||Equity||$364,221|
|A maker of software for diabetes patient information management||Equity*||$350,000|
|FMP Products||Greenwich, |
|A developer of laboratory automation products for pharmaceutical and clinical research||Debt*||$300,000|
|Insur I.Q.||Shelton, |
|A maker of software for managing information on doctors’ fees and insurance information||Equity||$275,000|
|Adelja Learning||Concord, |
|A stealthy learning technology company||Equity||$220,000|
|A marketplace for live online courses||Equity||$200,000|
|kWhOURS||South Hamilton, |
|A provider of digital workflow automation software for energy auditors||Debt||$135,000|
*includes options or warrants
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