Funding

Workable Raises $5M

Workable, the software of choice for SMBs looking to take their hiring online, has secured $5m of additional funding from its existing investors. Workable enables smaller companies to post to multiple jobs boards, review candidates and schedule interviews.

Workable is persuading people to switch from spreadsheets and email to affordable hiring software. It saw a ten­fold growth in revenues last year by putting tools that used to be the preserve of large organizations within realistic reach of SMBs.  READ MORE



InMoji Raises $1M

 Today, Boston-based InMoji announced it has scored $1 million so it can connect consumers to brands through messaging.

Founded last year, the startup offers clickable icons — called InMoji — that live in a message and can connect you to, say, an offer from Nike.

Investors include David Chang with participation from Paypal’s Start Tank, Atlas Venture, and others. READ MORE from VentureBeat.

Read More about InMoji on VentureFizz from January.


Next Step Living Raises $18.2M in Series C Funding

Next Step Living, Inc., a leader in residential energy efficiency and renewable energy, has raised $18.2 million in a Series C financing. New investor VantagePoint Capital Partners led the round. Existing investors, including Black Coral Capital and Mass Green Energy Fund, also participated in the round, which remains open.

The financing allows Next Step Living to expand its geographic base and thus serve homeowners in Connecticut, Maryland, and other states on the Atlantic Coast. To date, Next Step Living has primarily conducted its operations in Massachusetts...READ MORE

FamilyID Raises $850,000

FamilyID, Inc., a Waltham, MA-based online registration and payment platform for all types of programs such as schools, camps, teams and clubs, raised $850k in its first institutional round.

The round was led by Boston Seed Capital with participation from CommonAngels Ventures. In conjunction with the funding, Peter Blacklow, a senior Partner at Boston Seed Capital and formerly the president of WorldWinner, a subsidiary of GSN (Game Show Network), is joining the FamilyID board. READ MORE

 

Paint Nite raises $13M in funding

As reportered by Sara Castellanos of Boston Business Journal, Paint Nite, a Somerville-based startup that offers nightly group painting workshops with cocktails at various locations, has raised $13 million in equity funding. READ MORE

Sqrrl Secures $7M Series B financing

Sqrrl, the Big Data Analytics company that develops software to uncover hidden patterns, trends, and links in data, has announced the launch of Sqrrl Enterprise 2.0. The release of Sqrrl Enterprise 2.0 coincides with securing $7M of Series B financing, led by Rally Ventures and with participation by existing investors, Atlas Venture and Matrix Partners.

“Sqrrl is at the intersection of two of the most important trends facing the enterprise: cybersecurity and Big Data,” says new Sqrrl investor, Zenas Hutcheson of Rally Ventures. “Sqrrl’s technology can help both Fortune 1000 companies and government agencies prevent themselves from becoming the next cyber incident headline story.” READ MORE

 

TraceLink Secures $20 Million

TraceLink Inc., the leader in protecting patient safety and enabling health for global Life Sciences, today announced that it has raised $20 million in new venture funding led by Volition Capital, including participation from Fidelity Biosciences and existing TraceLink investor, FirstMark Capital. With more than 120 countries currently reporting counterfeit drugs in the pharmaceutical supply chain, the Life Sciences industry is facing a global transition, where a wide range of new and emerging regulatory laws will protect more than 75% of global medicines by 2018. As Life Sciences companies work to transform their supply chains, the TraceLink Life Sciences Cloud has quickly become the industry-leading platform that drug manufacturers, distributors, repackagers and dispensers rely on to exchange required compliance information and deliver safe medicines to patients everywhere. 

“TraceLink is the clear category leader of track and trace software for the Life Sciences industry, and in just a short time, the company’s Life Sciences Cloud platform has become the trusted solution for more than 100 pharma companies, ranging from the world’s largest pharmaceutical manufacturers to small, independent pharmacies,” said Sean Cantwell, partner at Volition Capital. “What sets TraceLink apart is the unique approach it has taken to efficiently build a network infrastructure on which the entire pharmaceutical supply chain can connect, collaborate and exchange information in the face of new and complex laws. This differentiated approach positions TraceLink to win global market share faster than anyone else in this sector, and we’re excited to help the company drive its plans for future growth and expansion.” READ MORE

Cuseum Raises $1.2 Million in Seed Funding

Art tech startup, Cuseum, to bring mobile app platform to the museum and cultural world. 

BOSTON, MA (February 18, 2015) – Cuseum, a startup focused on mobile technology for the art and cultural sector, announced today that it closed a seed investment of $1.2 million. 

Investors in this round include Foundry Group’s FG Angels, Atlas Venture’s Boston Syndicates, Seavest Capital Partners, Drummond Road Capital, and New Gen Partners. Funds were also raised from angel investors Paul English, Joshua Schachter, Deborah Ellinger, Wayne Chang, Colin Angle, Nicole Stata, David Chang, Jit Saxena and others.

“We are thrilled to close our seed round of funding with a group of investors that are excited and eager to assist in the growth of Cuseum. The funding will allow us to leverage our expertise and grow rapidly towards powering the mobile passport to the art world,” said Brendan Ciecko, founder & CEO of Cuseum.

“We're hugely impressed by Brendan's vision to bring art and culture to life through mobile and beacons, thereby unlocking a world of shareable content for consumers and rich visitor insights for museums,” said investor Brad Feld of Foundry Group.

Cuseum’s technology is currently used at several museums and galleries in Boston and New York City. The company will use the funds to expand their sales, design, and development teams.

“We aim to be the go-to technology leader for the art world,” says Ciecko. Cuseum offers several new tools and technologies, including support for Bluetooth beacons. “We see the introduction of beacons as transformative and know it will significantly enhance the visitor experience. We’re excited to bring this to cultural venues globally with the power and ease of our platform.”


To learn more and stay updated on news from Cuseum, please visit www.cuseum.com 


About Cuseum

Cuseum (formerly Spotzer) is transforming the way people interact with art and culture using mobile technology and social networking. Cuseum’s platform powers mobile apps that are social, engaging and proximity-aware (using beacons) to enhance the art experience. Cuseum’s platform provides museums, galleries and cultural venues with tools to create new curated experiences, insights through advanced data analytics, and new revenue opportunities. Cuseum is building the infrastructure, network and mobile passport that connects art and millions of art lovers to the digital world.

Changing Environments / Soofa Raises Seed Round

Changing Environments Inc., a startup with an all-female founding team that is making Internet-connected, solar-powered park benches, has raised more than $1 million in a seed round, Venture Capital Dispatch has learned.

The Cambridge, Mass.-based startup’s product is a bench that the founders, Jutta Friedrichs, Sandra Richter and Nan Zhao, created while at MIT Media Lab. The bench, called a Soofa, has a solar panel that charges phones, and can be mounted with sensors to monitor traffic, air quality and other information. READ MORE

Proletariat Raises $6 Million Series A

We raised $6 million led by Spark Capital, along with FirstMark Capital and Atlas Ventures. Rick Heitzmann of FirstMark Capital is joining the board with Nabeel Hyatt from Spark Capital, Proletariat’s CTO Dan Ogles, and myself. READ MORE

SimpliVity raises $18M in funding

As reported by VentureBeat, SimpliVity has raised $18M in funding frmo Accel Partners and Charles River Ventures.  SimpliVity offers hyperconverged infrastructure and a data architecture that simplifies IT, operations and data—delivering 300% TCO savings...READ MORE

Grapevine Secures $1.1 million in Seed Funding

As reported by VentureBeat, Grapvine, who connects brands with popular YouTube creators to drive sales, signups, and buzz, has secured $1.1M in Seed Funding.

“Grapevine helps products sell by using YouTube stars,” CEO and cofounder Brendan Lattrell told VentureBeat. READ MORE 


NVBOTS Closes $2 Million Seed Round

NVBOTS, creator of the world’s first fully-automated 3D printer, today announced it has secured a $2 million seed funding round, oversubscribed by domestic and international investors. As part of the round, Mike Foley, manufacturing expert and former CEO of Reflexite (sold to Orafol), will be joining the board of directors.  NVBOTS will be using the funds to support business development and NVPro production efforts. The funding comes on the heels of additional leadership milestones, including COO Chris Haid being named to the Forbes list of 30 under 30 leaders in manufacturing

NVBOTS offers an easy-to-use and easy-to-share 3D printing experience, based on the NVPro 3D printer, the first end-to-end 3D printing solution with automated part removal. Paired with the NVBOTS cloud-based interface, the NVPro runs continuously, 24-7 from any device. NVBOTS aids educators in adopting the versatile technology by providing educational modules designed with Common Core Standards and Next Generation Science Standards in mind.

“NVBOTS is enabling students to succeed in the classroom, at home and in life, by giving them technology that allows them to innovate in ways never before thought possible” said CEO AJ Perez. “We are excited about the close of this round and look forward to working with industry experts such as Mike Foley, as we lead the way in democratizing 3D printing.”

About NVBOTS 

NVBOTS is disrupting the 3D printing world by providing the first fully-automated 3D printer. Focused on enabling students, educators and businesses to bring ideas to life, NVBOTS is passionate about offering a complete 3D printing experience that is easy, safe and includes superior levels of service, ensuring a satisfying and motivating 3D printing experience. The company is headquartered in Boston, MA. For more information, visit www.NVBOTS.com or follow us on Twitter @NVBOTS and on LinkedIn.

READ MORE about NVBots on VentureFizz here.

 

Listen Current Announces $950,000 in Seed Funding

Listen Current, an edtech company which curates the best of public radio to keep teaching connected to the real world and build student listening skills at the same time, announced today it has raised a $950,000 seed round from a mix of angels and institutional investors, led by Launchpad Venture Group, the largest angel investment group in the Northeast.   The seed round was also financed by impact investing groups NewSchools Venture Seed Fund, Investors Circle, and the Patient Capital Collaborative as well as individual angels and the Angel Investor Forum. 

Founded by award-winning public radio reporter Monica Brady-Myerov, Listen Current is the leading provider of non-fiction audio news stories in the classroom.  The management team includes distinguished education technology veteran Karen Gage, a former Blackboard and Pearson executive. Listen Current is a graduate of the inaugural cohort of the LearnLaunch Accelerator, a premier edtech accelerator in Boston. READ MORE

 

Vaultive raises $8M in funding

Vaultive, the leader in cloud data encryption, today announced an $8 million dollar financing round, led by .406 Ventures, New Science Ventures and Harmony Partners. The company will use the new funding to fuel continued growth, and advance its industry-leading encryption platform for cloud data.

Vaultive also announced new additions to the executive team, including Jonas Hellgren as President and CEO, and David Kahan as CFO and General Counsel. Hellgren brings a strong track record of building and scaling high-tech companies poised for growth. With more than 20 years of experience in business management and strategic development, Hellgren will focus on continuing Vaultive’s growth in strategic markets where Vaultive’s encryption technology is relied upon to secure critical data in the cloud. Prior to joining Vaultive, Hellgren was SVP of Operations at Jumptap, where he led key operational teams during a period of tremendous revenue growth. Previously, Hellgren served as SVP, Managed Security Services at Verisign...READ MORE

Lineage Labs raises $4M in funding

As reported by The Boston Business Journal, Lineage Labs has raised $4M in funding.  Investors in the round include Paul English's Blade, The Kraft Group, CommonAngels Ventures, and Windspeed Ventures.  Lineage Labs' first product is called Bevy, which is creating new ways for families to experience digital photos and video... READ MORE

Attend.com Raises $5.6M

As reporter by Boston Business Journal, Attend.com, All-in-one software to help you plan, produce, and improve events, has Raised $5.6 Million. READ MORE

 

HourlyNerd Raises Series B Investment

HourlyNerd, the leading online marketplace for elite freelance business talent, announced today that it has raised $7.8 million in Series B funding, led by Highland Capital Partners, with participation from GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, angel investor Semil Shah, former Etsy CEO Maria Thomas, Rent the Runway Founder/CEO Jennifer Hyman and Boston VC Suffolk Equity Partners.

This new round of funding comes just 11 months after HourlyNerd announced its Series A financing round, led by Highland Capital Partners and Greylock Partners, and just 15 months after announcing a seed funding round led by billionaire angel investor, Mark Cuban. HourlyNerd will use the financing to continue expanding upon its market-leading technology platform. READ MORE

Iora Health Raises $6.3M in Funding

As per SEC filings, Iora Health in Cambridge, MA has raised $6.3M in funding.  Iora Health is building a new model of primary health care delivery from the ground up to ensure radically improved customer service, better health outcomes, and dramatically lower overall health care costs... REAM MORE

nTOGGLE Raises $5.6 Million In Series A Funding

Veteran Ad Tech Team, Top VCs and Industry Angels Focus on Bringing Heightened Efficiency and Transparency to Programmatic Advertising.

nToggle, a Boston based company in stealth mode, announced today it closed $5.6 million in Series A funding, led by Sigma Prime Ventures and Bessemer Venture Partners (BVP).  

Founded by ad tech veteran Adam Soroca (former chief product officer at Jumptap, acquired by Millennial Media), nToggle uses a proprietary algorithm-driven software platform to help supply and demand partners manage their ever-expanding bid stream.  The company’s big data platform “toggles” real time bidding requests across all digital media, utilizing the latest analytical and machine learning techniques to optimize supply and demand matching. READ MORE

 

 

Fitbit raises $2M in Funding

Fitbit, producer of a sleek little device that clips onto your clothing and tracks your movement throughout the day and night, has raised $2 million from True VenturesSoftTech VC and several angels in what appears to be the company’s first round of institutional funding...READ MORE

Fitbit raises $12M in Funding

Fitness technology startup and TechCrunch 50 finalist Fitbit has raised $12 Million in Series C funding from existing investors Foundry Group, True Ventures, SoftTech VC and Felicis Ventures...READ MORE

Fitbit raises $8M in Funding

Fitness technology startup and TC 50 finalist Fitbit just raised $8 million in funding, judging by this recent SEC Form D filing. According to information gleaned from the document, the $8 million looks to be part of a Series B round that the company hopes will eventually top out at $9 million...READ MORE

Fitbit raises $43M in Funding

Fitbit, a startup which makes a wide range of digital fitness trackers and health devices, has closed a $43 million funding round, according to an SEC filing. The funding comes as the market for health trackers is heating up, with more money being invested in the space... READ MORE

QuantumID adds $2.5M

As Reported by Boston Business Journal, QuantumID, a Leader In Providing Turnkey Solutions to Improve Visibility of Packages, Assets, Business Operations and Work Processes in Select Industries, has raised $2.5 million. READ MORE

 

WHOOP Raises $3M in Seed Funding

As per SEC filings, WHOOP (formerly known as Bobo Analytics) has raised $3M in seed funding.  Whoop is a technology and data analytics company for performance optimization.  READ MORE

Iora Health Raises $28 Million Series C Financing

Iora Health today announced it has secured $28 Million in its Series C funding round from four new investors: Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures, and its existing investors, including .406 Ventures, Fidelity Biosciences and Polaris Partners. Iora Health will use the additional financing to fund rapid expansion to continue delivering transformative health care. Already in six states, Iora expects to double in size in 2015.

Iora Health has developed a dramatically different health care operating system that starts with primary care, driving best-in-class patient experience, engagement and clinical outcomes, while reducing overall health care costs. Iora’s model is powered by its proprietary collaborative care system. The technology enables the teams to better care for their entire patient populations -- patients who come to see them and those who don’t. READ MORE

Testive Announces $500k Bridge Round of Funding

Testive, an edtech company that makes an online platform to improve standardized test scores, announced today that it has closed a bridge round of $500k to expand marketing and sales outreach to parents, students, and guidance counselors.

Developed at MIT by co-founders Tom Rose and Miro Kazakoff and launched in 2011, Testive’s software uses adaptive learning algorithms to identify student strengths and weaknesses and generates responsive questions at the appropriate difficulty level to build students’ key skills rapidly. “It’s like lifting the right weights at the gym,” said Testive Co-Founder and CEO Tom Rose, “it makes students stronger, faster.” READ MORE

 

Kaminario Raises Additional $15M

Kaminario has Raised an Additional $15M to its previous round of $53 Million.

Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has achieved more than 100% quarter-over-quarter growth in bookings in Q4 2014, with the majority of customers choosing to expand their implementations following initial purchase. Kaminario also announced it has raised an additional $15 million toward its recently oversubscribed round of $53 million in December due to strong demand from investors. The company’s total funding now stands at $143M.

“Kaminario is at the leading edge of a revolution in storage,” said Brian Abrams, Partner at Lazarus, a US-based hedge fund. “More companies than ever are looking to implement flash in their data centers, and Kaminario’s all-flash array offers an unprecedented combination of value and performance. This funding round strongly positions Kaminario to capitalize on its recent progress and grow exponentially in the months and years ahead.” READ MORE

 

CloudHealth Technologies Secures $12 Million in Series B Funding

CloudHealth Technologies, the pioneer in IT service management for the cloud, announced today it has secured $12 million in series B funding, led by Silicon Valley-based Scale Venture Partners. Existing investors .406 Ventures, and Sigma Prime Ventures also participated in the round. As part of the funding round, Ariel Tseitlin, Partner with Scale Venture Partners, will be joining CloudHealth’s board of directors. On the heels of exceeding 100% quarter over quarter growth in 2014, CloudHealth Technologies will be using the funds to support the company’s rapid customer adoption, CloudHealth platform enhancements, expansion of services and increased hiring tied to engineering and sales.

“Enterprise and technology companies on a global scale are turning to the truly disruptive, utility-based cloud computing model. However, these same companies face challenges due to the increased complexity of managing cloud-based services that are magnified by the newly-enabled rapid rate of change. Traditional IT management tools just don’t work in this new model. Managing a cloud ecosystem with an eye toward maximizing the investment presents a real challenge,” said Partner Ariel Tseitlin of Scale Venture Partners. “CloudHealth is the first company to develop and scale a platform that enables ITSM for this very significant market, making it the leader in the space and an ideal investment for Scale Venture Partners. I am excited to join the CloudHealth Technologies board as they transform the way companies manage their cloud environments.” READ MORE