Regional Roundup – East

Tangoe Inc. of New Haven, Conn., raised $1.6 million from six accredited investors through a Series C convertible preferred stock round of financing. A minimum investment of $5,000 is required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Albert Subbloie, CEO, at 203-789-0088.

Acceleron Pharma Inc. of Cambridge, Mass., raised $9 million from 38 accredited investors through a Series A convertible preferred stock round of financing. The biopharmaceutical company develops drugs to treat musculoskeletal and metabolic disorders. For more information, call John Knopf, president, at 617-621-9991.

SEMIgear Inc. of Wakefield, Mass., has filed to raise $1 million through a private placement of convertible securities. At the time of its SEC filing, the company had already raised $802,500 from eight accredited investors. The company, which makes semiconductor wafer processing and packaging equipment, plans to use the proceeds from the offering for working capital. For more information, call Jian Zhang, president, at 781-213-3066.

Qualyst Inc. of Raleigh, N.C., has filed to raise $1.8 million through a Series A-1 convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $611,198 from five accredited investors. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Scott Neuville, CEO, at 919-754-8500.

Conexus Software Inc. of Bridgehampton, N.Y., has filed to raise $1 million through a private offering of units of common stock. At the time of its SEC filing, the company had already raised $450,000 from seven accredited investors. A minimum investment of $25,000 is required on the placement. The developer of social networking software intends to use the proceeds from the offering for working capital. For more information, call Hunter Cohen, president, at 631-537-9200.

AzurTec Inc. of Newtown, Pa., has filed to raise $1.3 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $890,000 from eight accredited investors. The company, which develops products for medical diagnosis and treatment, intends to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities, working capital and other purposes. For more information, call Pier Cipriani, CEO, at 267-756-7069.

Lakeview Software Inc. of Horsham, Pa., raised $35,000 from two accredited investors through a private placement of common stock. The developer of software for interactive television intends to use the proceeds from the offering for working capital. For more information, call Chad Shusman, CEO, at 215-443-7270.

Tachyon Networks Inc. of Vienna, Va., raised $2 million from six accredited investors through a private placement of convertible promissory notes and common stock. The satellite communications related company intends to use the proceeds from the offering for working capital. For more information, call F. Thomas Tuttle, senior vice president, at 703-821-9101.