Funding

ezCater raises $2.16M in funding

As per PandoDaily, ezCater in Boston, MA has raised $2.16M in funding.  ezCater is a nationwide online food ordering service for businesses.  READ MORE

Startup Institute Closes $3 Million In Series A Financing

Startup Institute, an immersive career accelerator geared toward cultivating startup-savvy talent, today announced a partnership with Silicon Valley Bank and an investment by SVB* of $3 million in the company to support worldwide expansion of offices and programs. The partnership will help high-growth companies in the innovation sector find qualified candidates to scale their businesses. 

Startup Institute launched its first program in 2012 to help startups find employees who could help their companies grow. The founders, including Katie Rae, founder of Startup Institute and Chairman of Techstars Boston, observed startup candidates had the "hard" skills, but failed to contribute when hired by startups because they were disoriented and failed to understand how high growth innovative companies work.  The founding team thought this was a fixable problem and sought to create a talent pipeline for high-growth startups.  READ MORE

Veracode Closes $40M Funding

Veracode, a Burlington, MA-based provider of a protection service, closed a late-stage $40m funding round.

The round was led by Wellington Management Company with participation from existing investors.

The company intends to use the funds to accelerate investments in sales, marketing and R&D and to consider acquisition of complementary technologies and a potential IPO.  READ MORE

 

Wellframe Raises $8.5M

Today, Wellframe announced that the organization has closed on $8.5 million in financing, led by DFJ, with participation from Formation 8, Waterline Ventures and Queensbridge Venture Partners. 

Wellframe focuses on enabling healthcare stakeholders to amplify and extend caring relationships through the use of mobile technologies, utilizing artificial intelligence and machine learning to maximize patient engagement. READ MORE

Cignifi Inc. Completes Series B Funding Round

Cignifi, which is helping to meet the needs of more than 1 billion people worldwide who have mobile phones but no access to formal financial services, today announced the closing of a Series B funding round. The capital raise was led by existing investor Omidyar Network, a Redwood City, CA-based philanthropic investment firm, established by eBay founder Pierre Omidyar and his wife Pam, with additional investments from American Express Ventures and other existing investors. Cignifi is based in Cambridge, MA with offices in Sao Paulo, Mexico City and Accra, Ghana.

"We're very excited to have Omidyar Network continue with Cignifi as a strategic partner and to have American Express Ventures join us as an important contributor to our growth plans," said Jonathan Hakim, President and CEO of Cignifi. "This financing represents a major step forward for Cignifi and for our proven big data engine, which delivers credit and marketing scores for consumers using mobile phone behavior data.”  READ MORE

Bridj Raises $4M

As reported by TechCrunch Bridj, the world’s first smart transit system, Raises $4M, Hires Former Chicago & DC Transport Head Gabe Klein To Reinvent Your Commute.  READ MORE

Savant Systems®, LLC Received $90 Million Investment

Savant Systems®, LLC (“Savant”), the leading luxury smart home technology company, today announced that it has received a $90 million investment from affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), a leading global investment firm and the founder of Savant, Robert Madonna. The funding will support Savant’s continued product innovation and company expansion.

“Savant is already an established market leader in home automation with clients including some of the most discerning public figures, entertainers and business leaders,” said William Lynch, CEO, Savant Systems.  “With this significant investment, we will bring our award-winning Savant Home experience to a broader audience of consumers worldwide.” READ MORE

Black Duck Software Raises $20 Million

 

Black Duck Software, the leading OSS Logistics solutions provider enabling the deployment and management of open source software (OSS), today announced that it has closed a $20 million investment round led by General Catalyst Venture Partners with all existing investors also participating in the round. The funding will be used to help the company expand its global go-to-market model to fulfill the rapidly growing OSS Logistics market opportunity. In addition, the company today announced the appointment of Stephen Gregorio as its Chief Financial Officer and Executive Vice President.

Gregorio, who played a critical role in securing the new funding, has over 25 years of financial management experience at high-growth technology companies including Verdasys, Interwise Corporation (acquired by AT&T) and Gensym Corporation, among others. Reporting directly to Black Duck President and CEO Lou Shipley, Gregorio will help Black Duck expand aggressively in the fast-growing OSS Logistics sector. READ MORE
 

Mobiquity Adds $5M to its $12M Series B Financing

Mobiquity, Inc., a mobile engagement provider creating innovative solutions that drive business value, announced an additional $5M in funding led by NewSpring Growth, the dedicated technology and business services growth equity fund of NewSpring Capital, along with all existing institutional investors. The new funding is an extension of the $12M Series B round Mobiquity secured in June 2013 (led by NewSpring, Longworth Venture Partners, Sigma Partners and Thomas Weisel Partners), bringing Mobiquity’s total financing to date to $24 million... READ MORE

Tablelist Secures Additional $500K

As reporteed by BostInno, Tablelist, an app where club goers can book tables for bottle service at their favorite venues safely and securely through their mobile devices, has secured an addtional $500,000. READ MORE

DraftKings Closes $41M Round & Acquires StarStreet

DraftKings, Inc., today announced that it has closed a $41 million Series C round of funding led by The Raine Group, with participation from existing investors Redpoint VenturesGGV Capital, and Atlas Venture. DraftKings also announced that it has acquired the principal assets of Cambridge, Mass.-based daily fantasy site StarStreet, further bolstering its status as the largest U.S.-based online destination for daily fantasy sports. Terms of the deal were not disclosed.

DraftKings will use the Series C funding to further enhance its mobile and online destinations, bolster its base of users, continue to attract highly skilled employees, and offer a richer variety of sports with increased guaranteed contest prizes, including its NFL Fantasy Football Millionaire series. In this first-of-its-kind contest, DraftKings will award four players $1 million in four months—the span of the NFL regular season... READ MORE

LTG Exam Prep Platform raises $3M in Funding

LTG Exam Prep Platform, an education technology startup company out of MIT, announced today a combined investment of $3 million from Tal Education Group, Atlas Venture, Jamie McCourt, Margot Carter, Yongjin Group and Zhen Fund. The investment will fund the company’s continuing development of mobile study apps that provide comprehensive yet affordable standardized test prep tools to students around the world. The apps use proprietary algorithms developed at MIT to create personalized study courses for each app user. Cognitive games designed to teach test skills while providing an engaging break from studying are also in development...READ MORE

Fancred Secures $3 Million Funding Round

 

Fancred, an app that lets users capture their favorite sports moments and connect and interact with a community of fellow fans, announced today the completion of a $3 million financing round led by existing shareholders, Atlas Ventures and Militello Capital, as well as first time participant Breakaway Innovation Group. 

 

Fancred was founded by Hossein Kash Razzaghi, Jeremy Merle, and Craig Johnson (all of whom previously worked at Brightcove), and Michael Pan. READ MORE

EnerNOC Announces Investment in WeSpire

EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), announced today that it has made a strategic investment in Boston-based WeSpire, a software-as-a-service (SaaS) company for businesses seeking an innovative approach to measure and track the positive business impact of engaging employees in sustainability through technology. Under the terms of the agreement, EnerNOC has exclusive rights in the EIS space to market a white-labeled version of WeSpire’s employee engagement application, customized for enterprise and utility customers. By offering the WeSpire application, EnerNOC further enhances its ability to help businesses take a holistic approach to energy management.

With WeSpire, users earn points for actions related to projects that span energy, water, waste, transportation, food, volunteerism, and corporate citizenship. Founded in 2010, WeSpire has already achieved significant traction with notable customers, including eBay, McDonald’s, Unilever, and MGM Resorts International. Through this agreement, WeSpire will be available to all EnerNOC customers. READ MORE

Gazelle Raises $9.5M in Funding

As reported by BostInno, Gazelle has raised $9.5M in funding from existing investors Venrock, RockPort, Physic and Austin Ligon (founder of CarMax).  Gazelle is the nation's leading consumer electronics trade-in site, providing an easy, fast and safe way for consumers to get cash for their unwanted devices.  READ MORE

Acquia Raises Addition Funding from Amazon

Acquia, the digital business company, announced today that it has raised additional funding from Amazon.com, Inc. This investment builds on Acquia’s recent $50 million financing round led by New Enterprise Associates (NEA), and included Split Rock Partners, and existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital. This additional funding from Amazon.com will help Acquia accelerate development of its solutions for personalization, commerce, and big data marketing on the world's most resilient open cloud platform for Drupal.

“Digital innovation is the core of modern business, disrupting everything -- commerce, campaigns, customer service, employee engagement, civic engagement, and more,” said Acquia CEO Tom Erickson. “The funding we have received, including the additional funds from Amazon, will strengthen our go-to-market efforts and help us deliver the premiere open cloud platform for content, community and commerce... READ MORE

Groupize Solutions Closes an Additional $2 Million in Series A1 Funding

Groupize, Inc. announced that it has secured an additional $2 million in Series A1 funding, from strategic partners including Thayer Ventures and Golden Seeds. With over $4.5 million in funding, the company’s revolutionary group booking and management platform is gaining rapid traction, with more than 8,000 hotels and several travel web sites currently using its cloud-based solution. The additional investments will grow the sales organization, support the growing customer base and accelerate the launch of Instant Book Capabilities for Small Groups.

Thayer Ventures is a Venture Capital firm that invests exclusively in technology companies that focus on the travel and hospitality industry. Representing more than $10 trillion in annual global economic activity, the space is thriving with entrepreneurial activity, and disruptive change is altering the dynamics of the travel business forever. READ MORE

Happier Adds $2 Million

As reported by BetaBoston Happier adds $2 Million in Funding. Happier is a mobile app that encourages people to find happy moments in every day, share with friends and family, and be inspired to do more of what makes you happier. READ MORE

Nasuni Raises $10 Million in New Venture Capital Financing

Nasuni®, a provider of enterprise storage as a service to global organizations, today announced that it has secured $10 million in new venture capital financing. Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners, as well as a strategic investor, all participated in this extension of Nasuni’s C round. The new financing brings the total funds raised by Nasuni to $53 million.

The new funds will fuel Nasuni’s triple-digit growth through increased investments in engineering, sales and marketing. In its most recent quarter, Nasuni’s bookings grew 232 percent over the same period in 2013. In fact, the company has already exceeded 2013’s full-year sales bookings... READ MORE

Gameface Media Inc. Raises $2.5M in Series B Funding

Gameface Media Inc., the largest provider of free amateur sporting event photos in the world, today announced it had secured $2.5 million in an oversubscribed Series B funding round. The funding was provided by a group of prominent individual investors including successful entrepreneurs, hedge fund managers and venture capitalists from Boston, New York and the San Francisco Bay Area. Gameface Media plans to make strategic investments in product development, sales, marketing and client services with this round of funding.

Gameface Media delivers unique branded images of participants looking their best whether that be ripping down a mountainside, running through a wall of fire or finishing a marathon. Rather than charging as much as $60 for these images, Gameface Media provides all photos for free... READ MORE

Progress Ventures Invests in Crave Labs

As reported by Boston Business Journal, Cambridge-based venture capital firm Progress Ventures has invested in Boston-based mobile advertising technology firm Crave Labs.  READ MORE

RedPoint Global Closes $5.2M in Funding

RedPoint Global Inc. ( www.redpoint.net ), a leading provider of data management and digital marketing software, today announced a $5.2 million growth financing led by Grotech Ventures of Vienna, Virginia, with participation from Sagamore Ventures, LLC of Baltimore, Maryland. RedPoint will use the investment to accelerate sales and marketing initiatives around its recently launched Data Management for Hadoop 2.0 product. Already established in the marketing campaign management area, RedPoint plans to leverage its technology to help companies of all sizes quickly and effectively take advantage of Big Data in traditional business areas, including marketing.

RedPoint Data Management(TM) for Hadoop(R) 2.0 was the first ETL and data quality application certified by Hortonworks for its ability to process Big Data natively within a Hadoop 2.0 environment using the YARN architecture. In addition, RedPoint Data Management completely bypasses the need for MapReduce coding thereby enabling any database analyst to efficiently work in the Hadoop environment. Competing solutions are dependent on MapReduce, requiring specialized skills or the need to move data into and out of the Hadoop cluster for processing, defeating the inherent value of Hadoop's data processing advantages. With RedPoint, data is processed directly inside the Hadoop cluster, saving time and improving overall system performance.  READ MORE


EyeNetra Raises $4M in Funding

As per SEC filings, EyeNetra in Somerville, MA has raised $4M in funding.  EyeNetra develops mobile phone eye diagnostics that measures the correction of users' vision. The first device is called NETRA-G, consisting of a low cost clip-on eyepiece that attaches to a smart phone and allows anyone to administer a simple and quick eye test for nearsightedness, farsightedness and astigmatism, and receive measurements for an eyeglass prescription...READ MORE

ViralGains Raises $2.8M of a Planned $3.3M Round of Funding

ViralGains, a company with a mission to create authentic relationships between consumers and advertisers through online video, today announced that the company has raised $2.8 million of a $3.3 million round of funding. The company is using the funds to move into new markets, including Southern California, New York City and Chicago, and to grow the demand and supply sides of its business.  

The round was led by Hub Angels, with participation from 45 investors, including 500 Startups’ Dave McClure, Chicago-based Pallasite Ventures, Boston’s Launch Capital and local Boston-based angels Ty Danco, Joe Caruso, Jay Batson and Semyon Dukach. In addition, rapper Nasir “Nas” Jones is part of the investment group... READ MORE

ChoiceStream Raises $7.5 Million

 

ChoiceStream, a full-service programmatic media-buying company today announced that it has raised $7.5 million in Series B funding, led by New York-based Fred Alger Management. This round marks ChoiceStream’s first new-investor-led financing since the company’s 2011 transformation into a pure-play demand-side advertising platform.

“This funding will be used to expand ChoiceStream’s programmatic platform by further investing in our survey-based targeting, dynamic creative, and audience insights capabilities,” says Eric Bosco, CEO of ChoiceStream. READ MORE

TripAdvisor Acquires Viator

TripAdvisor ®, the world's largest travel site*, today announced it has entered into an agreement to acquire Viator, a leading resource for researching and booking destination activities around the world.  Viator features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers...READ MORE

LoopPay Secures Investment from Visa, Inc.

LoopPay, Inc., which provides the world’s first mobile payments solution accepted at the vast majority of retail point-of-sale terminals, announced that it has received an investment from Visa Inc., the world’s leading global payments technology company. The investment is part of a larger strategic funding round for LoopPay, announced earlier this month, which includes Synchrony Financial (formerly GE Capital Retail Finance) and other strategic partners not yet named... READ MORE

Intigua Secures $10 Million in Series B Funding

Intigua™, the first company to enable software-defined operations using advanced container technology, today announced it has closed a $10 million Series B round led by new investor Intel Capital. Existing investors Bessemer Venture Partners and Cedar Fund also participated in the round, which brings the total invested capital to $21 million. Intigua will use the new money to fund global sales, marketing and development of the Intigua Virtual Management platform, and accelerate its ability to execute on its software-defined operations vision.

This round follows a series of achievements for Intigua, including the coveted “Best of VMworld” award and a record 1H 2014 highlighted by the addition of several strategic customers, including a Fortune 500 technology company, one of the ten largest global banks, and the world’s largest IT systems integrator.  Enterprises like these are turning to Intigua to accelerate workload delivery, improve application uptime and performance, and boost operational efficiencies across increasingly complex environments. By enabling software-defined operations, a concept Intigua coined to denote the ability to deliver systems management as a service at cloud scale, the company is ushering in a new era of IT operations. READ MORE

Loftware Receives Investment

Loftware, a Portsmouth, NH-based provider of labeling solutions, received an undisclosed investment from Riverside Partners.

The amount of the investment was not disclosed. In conjunction with the funding, David Belluck, a General Partner at Riverside Partners, will join the company’s Board of Directors. READ MORE

Karmaloop Receives $13M

Karmaloop, a Boston, MA-based multi-platform online retailer that specializes in streetwear fashion, received a $13m senior facility from CapX Partners.

The company intends to use the funds to enhance operating initiatives and maintain its market position. READ MORE