Boston Tech Deals: Erecruit, Procyon, Robin, Canary
We’ve got tech companies raising money, a small startup’s team joining a big tech name, and a new mini-VC fund in this week’s collection of Boston-area news briefs:
—There’s a new early stage venture firm in town:Procyon Ventures, which is investing from a first fund of $10 million. Details come from The Boston Globe’s Scott Kirsner, who interviewed Procyon founding partner Millie Liu. Liu, a recent graduate of MIT’s Sloan School of Management, islooking to make initial investments of between $50,000-$500,000 in data processing, IT infrastructure, and related fields.
—Robin, a connected-office software company, has raised $1.4 million in seed investment. Robin is a spinout of the digital development company One Mighty Roar, which has stopped doing client work, according to BostInno. The investment came from Atlas Venture, Deep Fork Capital, Boldstart Ventures, and Space Pirates.
—Canary, a Techstars Boston company that developed a smartphone calendar app, is being discontinued as the employees join online hosting company GoDaddy.In a blog post, the startup says its team is joining GoDaddy’s Get Found Online marketing service for small businesses.