Xconomy: A Totally Cool $45M for Konarka, a $24M Boost for Momenta, IPO Woes for TransMedics and BioTrove, & More Boston-Area Deals News
Summary
—Another player in the flexible-photovoltaics space, Cambridge, MA-based Lightwave Power, reportedly raised $13 million in a Series A financing round led by Quercus Trust and joined by 21Ventures.—Andover, MA-based TransMedics, which is developing systems for transporting donated organs, withdrew plans for an IPO worth up to $86 million, citing unfavorable market conditions.—Woburn, MA-based BioTrove, a developer of tools for genomic analysis and drug discovery, followed suit a few days later, pulling the plug on a public stock offering worth as much as $75 million.—Waltham, MA- and Menlo Park, CA-based Battery Ventures led a $10.5 million Series B investment in Bellevue, MA-based online marketing firm BlueKai.With the advice of top-shelf board members such as MIT’s Bob Langer, Massachusetts General Hospital’s R. Rox Anderson, and former FDA chief counsel Peter Barton Hutt, the startup is developing tools to allow people to monitor their own health.
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