The last big wave of venture investment in clean-tech startups has long since crashed and rolled back. But if you’re making software instead of something produced by a factory, private investors are still willing to open up the checkbook.
That’s certainly the case for FirstFuel Software, a developer of data analysis software for electric utilities. The Lexington, Mass.-based company says today that it’s raised another $23 million in venture capital, in part to help bankroll an expansion in Europe.
Read Morehome sweet homeOnline real estate startup Placester adds $15M, plans to double staff
Most people think of Zillow as a website where they can check out how much homes cost — their own house, their neighbors’ houses, and maybe even their dream home.
But as a business, Zillow’s primary target is actually real estate agents. The Seattle-based company makes most of its money selling online ads and other marketing services to real estate agents, who want to be seen by all of those people snooping on home prices. Read MoreVentureVenture capital's diversity problem isn't just bad PR — it's bad for business
If you haven't been following the breakup of the 35-year-old venture capital firm Atlas Venture, which once invested in both tech and biotech, partner Peter Barrett sums it up this way: "In this divorce, the life sciences side kept the name, and the tech side got the house." So Atlas's team of tech investors is casting about for a new name, but staying in East Cambridge. And the biotech crew, still known as Atlas, just moved into new offices yesterday atop 400 Technology Square in Cambridge, midway between the Kendall and Central stations on the Red Line.
If you last visited Kendall Square 10 years ago and returned to the Cambridge neighborhood today, you’d think Jack had sprinkled around a bushel of magic beans. New buildings have sprouted, bars and restaurants have opened, and an East Coast Google campus has been completed. You can even ice skate in the winter or rent a kayak in the summer.
But one thing that hasn’t changed is Glenn KnicKrehm’s empty gravel lot in the heart of the square. The precious acre of property is still surrounded by chain-link fence, and KnicKrehm is still spinning his vision of building a $300 million arts and culture complex called the Constellation Center. Read more in my latest Innovation Economy column in The Boston Globe.
An outpost out westBolt, backer of consumer electronics startups, expands to San Francisco
Techstars Ventures, based in Boulder, recently announced it raised $150 million for its third fund, which it will use to invest in companies that are part the Techstars ecosystem, but beyond the seed stage. According to Techstars co-founder David Cohen, that community of potential portfolio companies includes Techstars graduates, companies founded by Techstars alums, and those started by entrepreneurs who have served as mentors for the program. Read More
The Startup Institute hosted an event on Tuesday called Amazing Women, Honest Conversations, with Diane Hessan, the career accelerator's dynamic new chief executive serving as moderator for the evening. Meredith Davies, a Startup Institute student in the "Web Development" track came up with the idea — a way to let women leaders in high-growth companies talk about the challenges and opportunities they face. Read More
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