18 Worcester Business Journal • Book Of Lists 2015 www.wbjournal.com
Commercial Lending
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Top venture capital deals
Ranked by amount invested in 2014
Company Amount invested Industry Business description Head of company
1
Applause *
100 Pennsylvania Ave., Framingham 01702
800-445-3914 • www.applause.com
$43,000,000 IT services Software testing services
Doron Reuveni
CEO & co-founder
2
Boston-Power Inc.
2200 West Park Dr., Westborough 01581
508-366-0885 • www.boston-power.com
$42,847,000 Electronics/instrumentation
Manufacturer of lithium-ion battery cells,
module and block systems engineered for
EV, ESS and industrial applications
Rick Chamberlain
CTO
3
Credorax
106 Southville Rd., Southborough 01772
508-251-9910 • www.credorax.com
$40,000,000 IT services
Online payment processing and acquiring
bank services
Benjamin Nachman
Founder & CEO
4
CardioFocus Inc.
500 Nickerson Rd., Ste. 500-200, Marlborough 01752
508-658-7200 • www.cardiofocus.com
$31,653,000 Medical devices and equipment
Manufacturer of a catheter-based laser
ablation device for cardiac disorders
Stephen Sagon
President & CEO
5
Newlans Inc.
43 Nagog Park, Acton 01720
978-849-8000 • www.newlans.com
$20,000,000 ** Semiconductors
Fabless (fabrication is outsourced)
semiconductors
Dev Gupta
Founder & chairman
Divi Gupta
CEO
6
Qualtre Inc.
225 Cedar Hill St., Ste. 112, Marlborough 01752
508-658-8360 • www.qualtre.com
$17,000,100 ** Semiconductors
Developer of silicon micro-electro-
mechanical systems
Edgar Masri
President & CEO
7
ikaSystems Corp.
134 Turnpike Rd., Southborough 01772
508-229-0600 • www.ikasystems.com
$15,000,000 Software
Manufacturer of enterprise cloud
computing technology
Joe Marabito
President & CEO
Sources: PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report; Data: Thomson Reuters; company websites and MA Secretary of the Commonwealth site
* Formerly known as uTest Inc.
** Represents sum of two investments
- Compiled by: Roger Magnus, rmagnus@nebusinessmedia.com
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