Boston Deals: Attivio, Perfecto, GrabCAD, Healthrageous, & More
Investors have been pouring more cash into Boston-area startups in recent days, targeting companies that tackle big data, mobile development, medical rehab, and more:
—Attivio, a five-year-old company that sells data analysis software, has raised $34 million in growth financing. The investment was led by Oak Investment Partners, which joined previous investors Per-Olof Söderberg and Tenth Avenue Holdings in the new round. Attivio says the money will help expand its sales and marketing, and boost its R&D. Although it didn’t disclose any detailed financial information, Attivio did say in its press release that it has been doubling its annual sales for several years.
—Perfecto Mobile, a company that helps big businesses develop and test mobile apps, has raised $15 million in its third round of private financing. The investment was led by Globespan Capital Partners, which joined returning investors Carmel Ventures, Vertex Venture Capital, and the Waisbein Fund. In the company’s announcement, Perfecto CEO Eran Yaniv indicated the new money would be spent to further build out the Perfecto service. Woburn, MA-based Perfecto also says it has about 600 customers and has seen its annual sales double recently.
—GrabCAD, a startup that is developing a new kind of engineering design software, has raised $8 million led by Charles River Ventures, with Yammer co-founder David Sacks participating. As we reported yesterday, previous GrabCAD investors Atlas Venture, Matrix Partners, and NextView Ventures also participated in the round. The new round brings GrabCAD’s fundraising total to about $14 million. GrabCAD is actually in the middle of a transition: Earlier this year, it quit focusing on being an online marketplace for mechanical engineers and designers, turning instead to collaborative CAD software for companies. That new product hasn’t been released yet.
—Healthrageous has $6 million more to fuel its health-tracking service for health insurers and large employers. The Boston-based company makes devices that can collect blood pressure, weight, and other health data from people, allowing insurance companies and other big organizations to prod individual people toward healthier habits. It’s an example of the notion of “gamification” hitting the healthcare market, an idea that several startups across the country are exploring. The Series A financing was led by North Bridge Venture Partners, with Egan Managed Capital and Long River Ventures participating.
—Myomo has raised about $3.6 million of an equity round that could grow to $5 million, according to paperwork filed with the SEC. The MIT-spawned startup focuses on robotics that can help people with medical rehabilitation. Last year, the company rolled out a new version of its powered robotic elbow brace, which helps stroke patients and other people with neurological problems move their arms. The technology picks up on electrical signals in the skin, and a robotic device gives a little boost to the affected limb, allowing a patient to start moving his or her body and potentially regain strength.
—Handybook, a Boston startup that seeks to link consumers with handymen and other local service providers, has raised $2 million from Highland Capital and General Catalyst. The startup was spun out of Harvard’s Innovation Lab earlier this year, and was incubated at Highland Capital during the summer—check out our report on the company’s founding story. Handybook already operates in Boston and New York, and says it plans to add more cities in the coming months.