Boston Tech Roundup: Harvest Power, North Bridge, Visible Measures
We’ve got some companies in software and clean energy raising money, and a big VC firm shedding more partners in this quick catch-up on innovation news around the Boston area:
—Harvest Power, a Waltham, MA-based company that converts yard waste and food scraps into energy and soil products, has raised another $20 million. The money was supplied by True North Venture Partners, Industry Ventures, and Generation Investment Management. Harvest has raised north of $200 million in investment cash since its founding in 2008.
—Two notable investors are departing North Bridge Venture Partners—longtime partner Michael Skok and former Facebook infrastructure vice president Jonathan Heiliger. The news comes via Fortune, which noticed the two partners’ names were missing from new SEC documents that North Bridge filed Wednesday ahead of a possible $200 million new fund, the firm’s eighth.
—Visible Measures, a Boston-based advertising tech company, has raised about $7 million in new growth capital. Visible Measures recently laid off a significant chunk of its workforce—BetaBoston pegged the number at about 30, or around a fourth of the employee pool. Visible Measures has now raised about $70 million in investment over the years. CEO Brian Shin tells The Wall Street Journal that revenue for the company is in the “tens of millions” of dollars.