The investment firm Affiliated Managers Group, its former CEO Sean Healey and others have donated more than $40 million to Massachusetts General Hospital for a new center dedicated to research on amyotrophic lateral sclerosis. The center is named after Healey, who stepped down as AMG CEO this spring after being diagnosed with ALS, which is also known as Lou Gehrig’s disease. … Read more at the Boston Business Journal.
Andover-Based Aras Closes $70 Million Round Led by Goldman Sachs
Aras, a “product lifecycle management” software company based in Andover, MA, has raised $70 million in a Series D investment round led by Goldman Sachs. The deal is aimed at beefing up Aras’s enterprise software capabilities and expanding its reach farther around the globe. … Read more at Xconomy.
Cambridge Car Maintenance Startup Closes $2.6 Million Seed Round
Zippity, a Cambridge-based startup that partners with employers to provide on-site car maintenance services to employees, raised $2.6 million in seed funding. Investors in this round are A3Ventures, the California-based capital investment engine of AAA Northern California, Nevada and Utah motor club, BP Ventures and LaunchPad Ventures. … Read more at American Innovation.
City Unveils 10-Year Plan to Redevelop School Buildings
Boston plans to build or at least start building a dozen schools in different neighborhoods within the next 10 years, according to a plan announced November 28. In particular, East Boston, Dorchester, and Mattapan would get new elementary schools designed to alleviate a shortage of classroom space in those fast-growing parts of the city. … Read more at Curbed Boston.