Kyle Alspach, a reporter for the Boston Business Journal, came up to my office in MassChallenge space in the Seaport District of Boston the other day.
His article published yesterday…Here it is.
In brief – Newton biotech raises $10M in VC, ‘Chronicle’ does Boston fashion startups
Boston Business Journal by Kyle Alspach, VC Editor
Date: Tuesday, April 17, 2012, 9:33am EDT – Last Modified: Tuesday, April 17, 2012, 10:17am EDT
Candice Cabe is CEO and founder of Day2Night, which has developed a women’s shoe that converts from high-heel down to lower-heel. She was recently interviewed for a WCVB
Courtesy | Day2Night
Candice Cabe is CEO and founder of Day2Night, which has developed a women’s shoe that converts from high-heel down to lower-heel. She was recently interviewed for a WCVB “Chronicle” segment that airs tonight.
Click here to find out more!
VC Editor – Boston Business Journal
Alcresta, a Newton company developing enzyme-based nutritional products, said Tuesday it’s raised a $10 million Series A led by Bessemer Venture Partners , Frazier Healthcare and Third Rock Ventures.
Alcresta has the same investors as another Newton biotech, Allena Pharmaceuticals, along with the same top management; CEO Alexey Margolin and COO Robert Gallotto hold the positions at both Alcresta and Allena.
In November, Allena, which is developing oral protein therapeutics, raised a $15 million Series A from Bessemer, Frazier and Third Rock.
Margolin was previously the founder and CEO of Alnara Pharmaceuticals, bought by Eli Lilly & Co. in 2010, while Gallotto was formerly the chief business officer of Alnara…
• Chronicle does Boston fashion startups: Day2Night and Blank Label are expected to appear on tonight’s edition of “Chronicle” on WCVB-TV (channel 5). The program interviewed the startups recently for a segment on the cluster of fashion-focused startups in the Boston area.
Chronicle staff tells me the segment was inspired by the posts I did on the topic in March (first post, second post). In the episode, which airs at 7:30 p.m., “we meet some Bostonians who are making their businesses flourish in the world of style,” the segment description says.
Day2Night has developed a women’s shoe that converts from high-heel to lower-heel, while Blank Label runs an e-commerce site offering customizable men’s dress shirts. Both startups were finalists in the 2011 MassChallenge startup accelerator and competition.