News and Articles

News, articles, upcoming and past events

We are among the top three elite angel investment groups in a universe of 350 active angel groups in North America even before the Corbus Pharma, CRBP exit (IPO)

According to CB Insights, data driven reports on venture capital, PE and angel investment, ranked BHA among the top 3 elite angel investment groups!
Boston Harbor Angels’ notable investments also featured a biotech insulin company Smart Cells, which was acquired by Merck for $500M, as well as data storage company Carbonite, which went public in 2011 at a $325M valuation. Boston Harbor Angels rounded out the top 3 as both their “hit rate” and exits were among the best of all angel groups. Read more

Bay State's newest Nasdaq-listed biotech, Corbus gets $5M cystic fibrosis award

A year ago today, Corbus Pharmaceuticals didn’t exist. Today, it’s publicly-traded on the Nasdaq and planning to launch a mid-stage trial of a drug to treat cystic fibrosis by the end of June. Read more

Corbus Pharmaceuticals Announces Uplisting to The NASDAQ Capital Market

Corbus Pharmaceuticals Holdings, Inc. (OTCQB: CRBP), an emerging drug development company focused on the development and commercialization of its lead product candidate, Resunab, for the treatment of rare, life-threatening inflammatory and fibrotic diseases, announced today that the NASDAQ Stock Market LLC has approved the Company's application to have its common stock listed on The NASDAQ Capital Market (NASDAQ). The stock will commence trading on The NASDAQ Capital Market on April 16, 2015, under its existing ticker symbol CRBP. Read more

eSight on Discovery Channel's Daily Planet

Talk about vision! eSight is changing lives by helping the legally blind regain their sight. See the video here.

Ranking Angel Investment Groups

According to CB Insights…a data driven report(s) on venture capital, PE and angel investment ranked BHA among the top 3 elite angel investment groups!
"How would angel groups fare if evaluated on the criteria we use to evaluate VC funds? We applied our Investor Mosaic algorithms to answer this and other questions about elite angel investment groups.” Queen City Angels and Boston Harbor Angels rounded out the top 3 as both their “hit rate” and exits were among the best of all angel groups.
Boston Harbor Angels’ notable investments also featured a biotech insulin company Smart Cells, which was acquired by Merck for $500M, as well as data storage company Carbonite, which went public in 2011 at a $325M valuation. Read more

CFIUS Approval Clears XCOR Aerospace's First Close of Series B Financing

XCOR Raises $14.2 Million of Investment Capital Led by Dutch Investors
XCOR Aerospace announced today that the United States Treasury Department's Committee on Foreign Investment in the US (CFIUS) has approved the Series B lead investment by Dutch investors. The first closing of XCOR's new round of finance issued $14.2 million of Series B preferred shares. XCOR will use the funds to bring the XCOR® Lynx® suborbital spaceplane to market. Read more

Courtagen Life Sciences Announces Collaboration with Connecticut Children’s Medical Center (CCMC) for Genetic Analysis of Autism Spectrum Disorder (ASD) Patients

Courtagen Life Sciences, Inc., an innovative molecular information company, announced today a collaboration with Connecticut Children’s Medical Center to utilize Courtagen's sophisticated Next Generation Sequencing assays to help identify and characterize alterations found in genes associated with ASD. Read more

ZoomSystems Acquires Vigix

Leading automated retail company ZoomSystems announced it has acquired Vigix, Inc. and its patented no-moving-parts technology, which will allow ZoomSystems to expand its global infrastructure and provide more retailers with greater on-shelf availability for in-demand products. Read more

Angelnomics: A Continuing Story

An economic log purposed for BHA. Read more

Lucky Litter Owners Sell Company to Radio Systems Corp.

Radio Systems Corp. of Knoxville, Tenn., reported today that it acquired Lucky Litter LLC, the maker of ScoopFree litterboxes and FroliCat pet toys.

Transaction details were not released.

Lucky Litter, a privately held company that operates under the Brilliant Pet name, is headquartered in Chicago. Its ScoopFree self-cleaning and easy-clean litterboxes feature removable litter trays, while its FroliCat toys are designed to engage cats in exercise and play. Read more

Google acquires Cambridge startup Incentive Targeting for retail coupon tech

Boston Business Journal by Galen Moore, Web Editor
Date: Thursday, November 29, 2012, 6:18am EST - Last Modified: Thursday, November 29, 2012, 9:21am EST

Incentive Targeting Inc. had raised $4.4 million and signed customers including Supervalu, Big Y and Giant Eagle to its coupon marketing service for supermarkets.
Now, Google Inc. (Nasdaq: GOOG) has acquired the five-year-old company, according to an announcement on Incentive Targeting's website.
"When we founded Incentive Targeting in 2007, we set out to do for retail couponing what Google had done for online advertising: make it simple, relevant, measurable, and effective. So, it is both humbling and gratifying to be joining the ranks of the company that inspired our initial vision," co-founders Ben Sprecher and Joshua Herzig-Marx wrote in a post to the Incentive Targeting site.
"As part of Google, we will have the resources and expertise to continue the transformation of couponing from a way to give discounts to a way to build business. And, we can now work towards that vision as part of a company that improves the lives of hundreds of millions of people every day," the founders wrote.
They didn't disclose the acquisition price.
Backers of Incentive Targeting had included a syndicate of angel groups — among them River Valley Investors, Walnut Ventures, Hub Angels, North Country Angels, Boston Harbor Angels and Northeast Angels.

ReDigi Wins Major Victory In Court Hearing Over Pre-Owned Digital Music, Capitol Records (EMI) vs. ReDigi

Update: The Major Labels Don't Want You Selling Used Mp3s, for Good Reason, Atlantic Mobile, July 2, 2012
Update: Digital used record store faces lawsuit, Boston Globe, July 2, 2012

Capitol Records (EMI) denied motion request for a preliminary injunction in the U.S. District Court in New York today.
New York, NY–February 6, 2012– Today ReDigi (, the online marketplace for pre-owned digital music and revolutionary cloud service technology that verifies the legitimacy of a digital music file before it can be uploaded for storage, won a major victory in a court hearing today when Capitol Records was denied a request for a preliminary injunction in an attempt to shut down ReDigi. This is an exciting step forward for ReDigi’s and the purchasing public’s fight to keep consumers’ intrinsic and lawful ownership rights to their digital property intact at a time when Capitol Records is fighting desperately to confiscate these rights.
In Capitol’s filing, the label challenged the legal principles at the foundation of the entire cloud computing industry, worth an estimated 41 billion dollars per year, of which ReDigi is a pioneer and emerging leader. Capitol’s disregard for the process of ReDigi’s advanced technology, which clearly works within the parameters of the law, has drawn the ire of both consumers and industry leaders such as Google, which petitioned the courts for permission to file its own brief in the case.
“This is a fascinating issue,” stated District Judge, Richard J. Sullivan, who turned down Capitol’s request for a preliminary injunction. “It raises a lot of technological and statutory issues.” Read more

Autodesk Buys Horizontal Systems For Cloud Program

Design software maker Autodesk Inc. said it will buy software company Horizontal Systems to boost its presence in cloud-based computing and modeling software.
Autodesk Inc. said the deal should close by Jan. 31, 2012, but the company did not disclose terms of the transaction.
New York-based Horizontal Systems makes cloud-based design programs called Building Information Modeling. The products are sold to architects, engineers and others in the construction industry.
Autodesk said it will fold Horizontal Systems' technology into its Autodesk 360 program. Cloud-based computing is done on remote servers rather than on desktop computers. Autodesk said its new cloud-based design program will let customers more easily access and coordinate projects.
Shares of Autodesk Inc. jumped $2.58, or 8.2 percent, to finish trading at $34.07.

A Look Into Carbonite’s IPO

As an entrepreneur, David Friend has been around the block a few times. The 63-year-old has built and sold four companies and raised a ton of venture capital along the way. That still didn’t prepare him for the wild ride he experienced in taking his company public. After the dust cleared, Friend was the CEO of his first publicly traded company, but one with a significantly reduced share value and market cap, as Carbonite (CARB) became the lone U.S. tech firm to IPO last week. “Everybody was betting against us,” said Friend, whose Boston-based online backup company reduced its debut share price from $17 to $10 in order to get out, in one the worst trading periods in nearly three years. At the close of trading on Wednesday, Carbonite’s share price had jumped to more than $15. “We kind of proved everybody wrong, but it was definitely a high-wire act.” The same week saw nine other companies shelve their IPO plans. So why did Carbonite plow ahead? Read more

Quantum Dental Technologies' Lisa Crossley, is the recipient of the Luis Villalobos Award, presented by the Tech Coast Angels' Dave Berkus, and the Boston Harbor Angels' Boris Batchvarov. Read more

Quantum Dental Technologies Receives ACA Silvertip Award for Innovation

We are proud to announce that one of our portfolio companies, Quantum Dental Technologies (QDT) received the most prestigious award, and was recognized as one of the most impressive companies at the 2011 National ACA Summit. “The Angel Capital Association (ACA), the trade association of leading angel investment groups in North America, announced that Quantum Dental Technologies of Toronto, Ontario, Canada is the winner of the Silvertip Luis Villalobos Award. The sponsoring angel group is Boston Harbor Angels of Boston”. Read more

Boston Harbor Angels Announces The Bulfinch Group As New Sponsor and Preferred Provider of Financial Services

The Bulfinch Group, a financial services and investment firm headquartered in Needham MA with offices throughout New England, has joined forces with Boston Harbor Angels (BHA), a group of proven business leaders interested in investing in high-growth, early-stage companies. The Bulfinch Group will be the preferred financial provider to BHA for insurance and group benefit services; BHA also partners with Nutter and the Babson Center for Entrepreneurship. Most recently BHA members were the initial investors in the A-1 round for SmartCells, a private company that was acquired for approximately $500MM by Merck. Read more

Merck ($MRK) to Buy SmartCells in $500M Deal

With an eye on remaining one of the leaders in the diabetes field, Merck ($MRK) has agreed to pay more than $500 million in upfront fees and potential milestones to acquire SmartCells, a Beverly, MA-based biotech with some intriguing new insulin technology that originated at MIT. The Wall Street Journal broke the story ahead of the press release.
The biotech company has a preclinical stage program underway for "SmartInsulin," insulin that automatically adjusts to fluctuating levels of blood glucose. Theoretically, a single daily injection would offer all the protection needed by a patient, without the regular monitoring and dosing that is required today. Read more

Oculis Labs wins American Security Challenge

“Moving Innovation to Market” was the appropriate theme for this year’s American Security Challenge. Headlined by Governor Tom Ridge, first Secretary of the Department of Homeland Security, this year’s event was excellent. General Keith Alexander, Director, National Security Agency and Commander of the United States Cyber Command received the Patriot Award, and other presenters from government and industry gave a good overview of current plans and issues. Read more

Vizibility Closes $1 Million Seed Round

NOVEMBER 15, 2010 – Vizibility Inc. announced the closing of its over-subscribed seed round. The company, which launched its personal branding service just ten months ago, will use the funds to quickly expand partner integrations and accelerate development of its innovative search platform. Participating in the round were angel investors from San Francisco. Read more

Angel investors are playing a bigger role in financing deals

Angel investors are playing a bigger role in financing deals as beleaguered banks struggle to get back on their feet, according to the president of the Boston Harbor Angels Group. Mic Williams says angels have been investing through tough economic times but they're seeing fewer companies they bet on actually exit - take off and get sold - a trend that's making angels discouraged. Read more

John May and Mic Williams in San Juan

For each of us it's our 2nd visit to San Juan, Puerto Rico in a year; this time for Demo Day where 6 companies have graduated from a 3 month program and now they'll pitch to us.
John May, Past Chairman of the Angel Capital Association and Mic Williams, founder of the Boston Harbor Angels join me as judges for the pitches. To listen click here

Mic Williams on the Frank Peters Show

Boston Harbor Angels founder Mic Williams shared stories, insights and a refreshing attitude about investing on the Frank Peters Show. To listen and download, click here

Ask An Angel: What is the Right Amount of Due Diligence?

Due diligence comes in many shapes, forms, and sizes. ACEF asked two experienced angels, David Verrill of Hub Angels Investment Group, LLC in Boston and Mic Williams of Boston Harbor Angels to share their perspectives. Hub Angels invests through structured funds. Members of Boston Harbor Angels make individual investment decisions. Read more

Aras Closes Latest Financing Round: Investment Round Further Fuels Global Growth

ANDOVER, Mass. and Solothurn, Switzerland – July 8, 2010 – Aras®, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider, today announced that Series B financing has been closed with the help of DLA Piper LLP (US) attorney Michael K. Barron, lead partner in the Boston practice for early and later stage software, internet, biotechnology, medical device, healthcare, and technology companies and investors in such companies. Aras has raised over $22 million of investment to date. Read more