Nine New England Startup Deals Under $1 Million
Summary
New England’s under-$1 million deals—which like the larger deals we track with the help of data from our partner, CB Insights, a New York-based private company intelligence platform—chugged along at about the same pace in February as in January.The February under-the-radar pack included startups working on hybrid technology, medical devices, health IT, industrial products, the semantic Web, audio transcription software, and e-commerce.We’ve typically seen Web, software, and energy startups on past lists of smaller deals, but the life sciences industry made a splash in the smaller pool last month, thanks to deals for HealthPrize, as well as laparoscopic instrument maker Cambridge Endoscopic Devices (which actually operates out of Framingham, MA) and Marlborough, MA-based Spectra Analysis, a supplier of molecular spectroscopy systems that caught our eye when it received loans last year from a Massachusetts initiative for investing in the life sciences industry.Wade previously profiled how the company’s semantic Web technology, which tags raw data with detailed descriptions, or metadata, helps law enforcement electronically monitor the records of past offenders.And personally, I’m excited about another Web startup on the list: Cambridge’s thredUP, an online marketplace for exchanging used clothing, which pulled in $220,000 in equity-based funding last month.
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