Funding

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

Ellevation Education Adds $2M

 

Ellevation Education, a Boston-based provider of online planning, reporting and communication tools for English Language Learners (ELL), has raised $2 million from a motley of parties, including existing investors Chris Gabrieli, NewSchools Venture Fund, Adam Miller, Rick Burnes, Josh Tolkoff, Eileen Rudden, and Lynda Bodman. New participants include Berylson Capital, Steve Kupfer, Alan and Judy Wurtzel, Alex Saltonstall, and Josh Kirkpatrick.

 

The startup has now raised $5.1 million, according to co-founder and CEO, Jordan Meranus. READ MORE

Tablelist Raises $1.5M

As reported 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 raised $1.5M. READ MORE

CRV Raises $400M Sixteenth Fund

Per Jon Auerbach's blog post:  CRV announced our new fund today. It is our 16th fund, spanning 44 years of early-stage venture investing. And while the fund is the culmination of decades of operating experience and strong results, it is more about the new CRV than about the firm many have known as Charles River Ventures.  

In our early years, Charles River Ventures invested in some of the defining companies of the pre-Internet and early-Internet ages. We worked with founders at MCI who disrupted the telecommunications industry, with entrepreneurs at Ciena who built the fiber optic backbone that helps run today’s Internet, and with hundreds of other startups who were working to change the world through technology... READ MORE

 

NextView Ventures Raises $40M Second Fund

Per Rob Go's blog post:  On behalf of our team at NextView, I’m very pleased to announce that we have just closed our second fund. NextView Ventures II is $40M, twice the size of our first fund, and we continue to be exclusively focused on seed-stage companies pursuing internet-enabled innovation.

As former operators and product-oriented entrepreneurs, Dave, Lee, and I tend to think of our firm as a startup company and our approach to investing as our product. We’ve often explained to entrepreneurs that the second fund of a venture firm is very much like the series A for an early stage company. It shows that things are working and there is product/market fit, but there is a long way to go towards building an enduring company of great consequence.  READ MORE

ObserveIT Raises $20M in Funding

The word is out and we couldn’t be more excited!  Yesterday we announced the good news that we raised $20M from Bain Capital Ventures. This investment will bring ObserveIT to incredible heights, as it will get the solution in front of more enterprises and large organizations, who all need our user activity monitoring solution.  READ MORE

Amino Raises $1.65M

As reported by TechCrunch Amino, who is creating a network of mobile apps, each of which is exclusively dedicated to a specific interest like k-pop, Minecraft, anime, Doctor Who etc. raises $1.65M to replace old-school forums with mobile communities. READ MORE

 

erecruit Announces $25 Million Capital Raise

Erecruit Holdings, LLC (erecruit), the emerging leader in enterprise staffing software and vendor management systems (VMS) for large staffing firms, today announced it has secured a $25 million minority investment from North Bridge, a leading growth equity firm focused on investing in emerging and high-growth technology companies. The growth funding, which is the first institutional investment in erecruit, will be used to further accelerate the business’ momentum by adding to its seasoned team and further investing in product innovation as it continues to disrupt the market, improving the way staffing firms operate.   

The global market opportunity for enterprise staffing software and VMS is large and growing rapidly as the demand and complexities of the contingent labor workforce increase. erecruit’s highly configurable and intuitive enterprise software platform streamlines staffing firms’ operations by providing seamless integration of front, middle and back office functions, including sales and client relationship management, recruitment, search & match, onboarding, time and expense management, pay/bill and reporting. Moreover, erecruit’s platform can be accessed from any browser on any device and integrates with dozens of web applications to maximize efficiency. READ MORE

Synchrony Financial Invests in Mobile Payment Startup LoopPay, Inc.

Synchrony Financial today announced the completion of a strategic investment in LoopPay, Inc., an innovative mobile payments platform company. LoopPay is expected to provide Synchrony Financial with special features and benefits for its cardholders and retail partners.

LoopPay recently introduced the LoopPay ChargeCase, which allows consumers to pay with their iPhone 5 or 5s at regular credit card swipe readers, while extending the phone’s battery charge by up to 60%. It is the second product launched by LoopPay in four months, with several more products planned for market entry this year... READ MORE

Smart Lunches Raises $4.4M in funding

As per SEC filings, ​Smart Lunches in Boston, MA​ has raised $4.4M in funding.  Smart Lunches is an online meal service that brings fun, nutritious, high-quality lunches to kids... READ MORE

Robin Closes $1.4M in Funding

Robin, a software for building automation and presence sensing in offices, closed its first round of funding for $1.4 Million. Investors include  Atlas VentureDeep Fork CapitalBoldstart Ventures, and Space PiratesREAD MORE

WordStream Raises $12 Million in New Funding

WordStream Inc., a leading provider of search engine marketing software, has secured $12 million in new funding, led by new investor Baird Capital of Chicago, the direct private investment arm of Robert W. Baird & Co., with participation by current investor Sigma Partners. Of the new funding, $9 million was provided via a Series C venture capital investment, with an additional $3 million in venture debt provided by City National Bank.

The funding will be used to further invest in search marketing software designed to help small and medium-sized businesses obtain vital leads and better manage their own growth and reach. This will include continued focus on the award-winning AdWords Performance Grader as well as making WordStream’s PPC Advisor offering the platform of choice for small and medium-sized businesses. READ MORE

Luminoso Lands $6.5M In Series A

As reported by TechCrunch Luminoso has raised $6.5 Million in Series A Funding. Luminoso is a Text analytics and understanding company spun out of the MIT Media Lab.  READ MORE

Next Step Living Secures $25 Million in Series D Financing

Next Step Living, New England’s leading provider of home energy solutions, has received $25 million in Series D funding, the company announced today. Led by new investor Braemar Energy Ventures, the funding also includes several leading earlier-stage investors. Among them are VantagePoint Capital Partners and Black Coral Capital.

The funding caps a record growth period for Next Step Living which since 2008 has helped more than 75,000 households become more energy-efficient and adopt renewable energy.  Earlier this year, the company ranked first as the fastest-growing private company in Massachusetts and was named to the prestigious TiE50 “2014 Global Hot Technology Start-up Watch List.” Additionally, company founder and CEO Geoff Chapin this month was named EY Entrepreneur Of The Year 2014TM in New England. 
READ MORE


Imprivata Goes Public

Imprivata® (NYSE: IMPR) today announced the pricing of its initial public offering of 5,000,000 shares of common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “IMPR” on June 25, 2014. In addition, Imprivata has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock from Imprivata at the initial public offering price to cover over-allotments, if any. All of the common stock is being offered by Imprivata.  


J.P. Morgan and Piper Jaffray are acting as joint book-running managers for the offering. William Blair, Wells Fargo Securities and Stephens Inc. are acting as co-managers.  READ MORE

True Fit Raises $10.6M in Funding

As per SEC filings, True Fit in Woburn, MA raises $10.6M in funding.  True Fit focuses on fit personalization; a big data company managing the world's largest collection of footwear, apparel, consumer fit data.  Retailers leverage True Fit’s SaaS solution to personalize their catalog for each consumer, based on each person’s unique taste and fit.  READ MORE

Coherent Path Raises $6.25M Series A

Coherent Path, Inc., maker of the cloud-based analytics and engagement platform that allows retailers to map customer journeys and optimize customer interactions around long-term objectives, has raised $6.25M in venture financing. The investment was led by Sigma Prime Ventures and GrandBanks Capital with participation from Common Angels, dunnhumby Ventures and BOLDstart Ventures and will be used to expand the company’s sales and marketing teams.

SigmaPrime and GrandBanks selected Coherent Path because of the team and science behind its solution, and the proven lift in engagement and revenue it delivers to top retailers. “Coherent Path is transforming the way retailers think about and engage with their customers,” said Paul Flanagan, Managing Director at Sigma Prime Ventures. “We’re thrilled to partner with James Glover and his team as they continue to build a great company,” added Tim Wright, General Partner at GrandBanks Capital. Both Flanagan and Wright are joining the Coherent Path Board of Directors. READ MORE

WHOOP Raises $6 Million

As per SEC filings, Whoop in Boston, MA has raised $6M in funding.  Whoop is a Health, Welness and Fitness technology and data analytics company for performance optimization. READ MORE

SmashFly Technologies Secures $9 Million

Last June, J.P. Morgan Chase published a study that suggested more than 75 percent of businesses today cite talent acquisition as one of their biggest challenges. While talent acquisition can be exacerbated by a number of issues, one particularly glaring obstacle is that many organizations continue to rely on legacy ERP and ATS systems to manage the post-applicant recruitment process. Meanwhile, the pre-applicant recruiting experience continues to be haphazardly managed by several disparate solutions — namely, CRM systems, job distribution software, mobile and social recruiting tools, and myriad career sites.

Ultimately, the result of all of that is an overly complex, costly, and inefficient recruiting process, which prevents recruiting teams from capturing and centralizing data — two critical components of executing and improving talent acquisition. SmashFly Technologies, the leader in Recruitment Marketing Platform technology, believes its Platform is the answer to those challenges. And today, theMassachusetts-based SaaS company announced that it had secured the funding to help bring that solution to the masses. READ MORE

OnHand Raises $500K SEED Round

As reported by BostInno OnHand Raises $500K SEED Round.

OnHand, a tech accessories company that was started in a Babson College dorm room and grew up in the MassChallenge Accelerator (2012 Finalist), has raised a seed round of $500,000 through private investment 

OwnerIQ Completes $11 Million Financing Round

OwnerIQ, the leading provider of retailer and manufacturer audience monetization services, has completed an $11 million financing round to further drive growth of the category. OwnerIQ drives first-party audience monetization for more retailers than any other company, helping retailers turn their online customers into a valuable asset. At the same time, OwnerIQ's co-operative audience marketplace enables retailers and manufacturers to share first-party data to run targeted digital advertising.

The financing was led by existing investors with new investors joining the syndicate and was completed in two tranches. The first tranche closed in April. READ MORE


Bain Capital Ventures Raises $850M For Two Funds

As reported by TechCrunch, Bain Capital Ventures has raised $850M for two funds:  $650M for BCV 2014 and $200M for a coinvestment fund.  READ MORE

Pixability Raises $4M & Completes $8.1M Series B Financing

Pixability, a YouTube marketing software provider, today announced that it closed an additional $4 million financing round led by Point Judith Capital, completing a total Series B investment round of $8.1 million. Quad/Graphics, Inc. (NYSE: QUAD) and Progress Ventures also participated in the round. David Martirano, Co-Founder and General Partner of Point Judith Capital, will be joining Pixability’s board of directors... READ MORE

Zerto Raises $26 Million in Series D Financing

Zerto, setting the standard for protection, recovery and migration of data in cloud and virtualized datacenters, today announced that it has raised $26 million in Series D financing. New investor Harmony Partners led the financing, with participation by all current investors: Battery Ventures, Greylock IL, RTP Ventures and U.S. Venture Partners. The round brings Zerto’s total financing to more than $60 million and provides a large war chest to allow Zerto to expand its global footprint, maintain long-term independence and focus major R&D efforts around the company’s recently launched “Cloud Fabric” initiative for workload mobility in hybrid clouds.


With more than 500 enterprise customers and 100 managed cloud service providers (CSP) including Terremark, KPN and Colt offering cloud disaster recovery powered by Zerto, the company has built a strong base to aggressively corner... READ MORE


Onapsis Inc. Raises Nearly $10M in Funding

Onapsis Inc., a leading provider of solutions to audit and mitigate cyber security threats targeting business-critical applications, has raised $9.58m in funding led by .406 Ventures and supported by Endeavor Catalyst and existing investors.

Headquartered in Cambridge, Massachusetts, Onapsis protects business-critical applications that manage highly-sensitive business information and processes including Enterprise Resource Planning (ERP), Supply Chain Management (SCM) and Business Intelligence (BI). More than 100 global brands and nationally-recognized government organizations that run mission-critical software, such as SAP and Oracle platforms, trust Onapsis’ expertise and security solutions to understand and mitigate the unique, complex security risks affecting them. READ MORE

Repsly Secures Funding

Repsly Inc., a B2B Mobile Cloud solution provider who simplifies field management and increases field team effectiveness, announced that it has secured a round of funding led by Launchpad Venture Group, First Beverage Group and K5 Ventures. The company, which has been operating since 2010 as Salespod, is a SaaS business that manages the activities of field reps and the data that they collect. Repsly’s clients include companies such as L'Oreal, Nike Golf, KIA Motors, Keune, Philips, Doctors Urgent Care, Schweigen Home Appliances, and Lavazza, who use this solution to drive higher accountability and efficiency within their field teams. Customers in 40 countries also leverage Repsly to gather and analyze data generated by their reps about everything from product performance, to competitive actions, customer demographics, and service delivery.

Tom First, Managing Partner, First Beverage Ventures and founder of Nantucket Nectars said that the firm was interested in Repsly because the solution is such a strong fit for companies selling consumer products through retail channels...  READ MORE

CloudHealth Technologies Secures $3.2 Million of Extension Funding

CloudHealth Technologies, the pioneer in IT service management for the cloud, announced today it has secured a $3.2 million extension of its Series A funding round, bringing the total to $7.7 million. The funding, which is from existing investors .406 Ventures and Sigma Prime Ventures, will be used to support the company’s customer growth, platform enhancements, expansion of services and increased hiring efforts tied to sales and engineering. 

“When we invested in the company last year, we knew we were investing in a management team and technology that was poised to address the significant challenges emerging in one of the most disruptive technologies we’ve seen, cloud computing,” said Bob Davoli, Managing Partner of Sigma Prime Ventures. “No other cloud management platform delivers the level of business value provided by CloudHealth and we look forward to playing a role in the company’s continued success.” READ MORE