Big Week In Venture Capital Money for Boston Area Startups

On the heels of a story about the glum VC market in the past year, Boston Business Journal reports a boom week for Boston Area Startups- over $100 million invested this past week!.  Could this be a trend developing in the new year?  Stay tuned... bf Mass. startups rack up over $100M in VC for the week

Boston Business Journal

Massachusetts companies kicked off the new year with roughly $147 million in venture capital investments this week.

Seven of the deals were in the double digits, with Lowell's Konarka Technologies Inc., Waltham's Eyegate Pharmaceuticals Inc. and Boston-based Carbonite Inc. pulling in the week’s largest takes of $23.8 million, $23.7 million and $20 million, respectively. The area’s smallest investment was booked by Gloucester-based energy-technology company GroundedPower Inc., which netted just under $1 million.

Nonetheless, the area’s 13 investments, as reported in regulatory filings with the Securities and Exchange Commission, targeted a handful of industries involved with everything from drug discovery to the frozen-beverage market.

This week's venture and private equity coverage:

• Eyegate Pharma has $23M round in focus
• Free Flow Power generates $5.7M in venture capital
• Konarka raises $24M in stock, warrant sale
• Carbonite lands $20M venture round
• GroundedPower closes venture round
• MicroChips raises $16.5 million
• GI Dynamics raises $15M, gets Medtronic backing
• Acton Pharma closes on $15M in financing
• Azuki Systems expands VC round by $3M
• Island Oasis downs $10M in private equity
• The Echo Nest raises $1.3M venture round
• Digital Lumens raises $5M venture round
• TimeTrade lands $1.7M investment round