Shareholic Snaps Up Seed Money, Avaxia Inks $2.2M, RapidBuyr Buys BizDeals, & More Boston-Area Deals News
It’s been a quieter deals news week around New England, but Web software and drug developers have been reporting new financings and acquisitions.
—Collabor, a Maynard, MA-based maker of collaboration software for businesses, is working on raising its first outside funding round from a group of area angel investors, according to CEO and founder Sandeep Kaujalgi. The five-year-old startup has nabbed customers like Capital One and Nokia.
—Cambridge, MA-based Shareaholic announced it had taken in $1.9 million in seed funding to expand its team and the publisher network for its plug-in enables consumers to share Internet content with friends. The money came from angel investors Dave McClure, Dharmesh Shah (also an Xconomy investor), David Cancel, Brian Shin, Roy Rodenstein, Nicole Stata, Ed Roberts, Steve Woit (Xconomy founding publisher and board member), Jonathan Kraft, and TJ Mahoney, as well as NextView Ventures and General Catalyst Partners.
—Avaxia Biologics of Lexington, MA, raised $2.2 million in Series A funding, led by Cherrystone Angels in Providence, RI, with participation from Boston Harbor Angels and undisclosed individual investors. The startup is developing a cow-derived treatment for diseases such as inflammatory bowel disease.
—RapidBuyr, a Lexington-based daily deals site focuses on discounts for business-to-business products and services, announced it had acquired Los Angeles-based weekly deals site BizDeals.com.