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Watertown, MA based Harvard University spinoff Tetraphase Pharmaceuticals raises $10 million out of a planned 29.6 million equity financing round October 28, 2009

Posted by HubTechInsider in Pharmaceuticals, Venture Capital.
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Watertown, MA-based Tetraphase Pharmaceuticals has raised $10 million out of a planned $29.6 million equity financing round, according to regulatory documents filed Wednesday. The Harvard spinoff, which is using synthetic chemistry to develop new antibiotics for drug-resistant infections, previously raised $25 million in two tranches that closed in August 2008.

Marlborough, MA based server software company Egenera closes $3 million equity financing round October 28, 2009

Posted by HubTechInsider in Software, Venture Capital.
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Marlborough, MA-based Egenera has raised $3 million in new equity financing, according to regulatory forms filed today. An executive for the company, which makes software for managing physical and virtual servers in corporate data centers, told Mass High Tech the funds came from existing investors, a group that includes Austin Ventures, Crosslink Capital, Kodiak Venture Partners, Pharos Capital Group, and Technology Crossover Ventures. Egenera raised $26 million in December 2007 and laid off 87 employees in November 2008.

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