Funding

Consumer United raises $14M in funding

As per BetaBoston, Consumer United in Boston, MA has raised $14M in funding.  The round of funding was led by Spark Capital & Thayer Street Partners.  Consumer United is an online independent insurance agency.  READ MORE

ezCater Raises $4M in Growth Capital

ezCater, Inc, the only national player in online catering ordering for business meetings, is completing a raise of growth capital, for $3M. This follows the $1M in growth capital raised in 2013. Investors include Breton Capital Management (a private equity firm), Launchpad Venture Group (one of the country’s 5 most active angel groups), and super angels such as ZipCar investor Jill Preotle.

The company will use much of the new capital to add 20,000 caterers to its site. “We already offer customers the widest selection of caterers to order from. Within 12 months, you’ll be able to order catering online at ezCater.com from well over 50,000 caterers nationwide,” said Stefania Mallett, CEO.

InfoBionic Raises $17M Series B

InfoBionic ™, an emerging digital health company focused on creating superior patient monitoring solutions for chronic disease management, today announced that it has closed the first tranche of a $17 million Series B financing, which was led by Safeguard Scientifics, Inc. SFE -0.79% . Previous investors— Mass Medical Angels (MA2), Broadview Ventures , TiE, Beta Fund , Boardwalk, Launchpad Venture Group , Cherrystone TCA, HTC, Boynton, and Keiretsu—also contributed to the round. Proceeds from the financing will enable InfoBionic to commercialize its MoMe™ System, a remote patient monitoring platform for cardiac arrhythmia detection, in Europe and the United States.

 

“This financing marks a significant milestone for our company’s development, expansion and commercialization,” commented Nancy Briefs, CEO of InfoBionic. “We are excited to partner with our current investors as well as Safeguard Scientifics to launch our lead product, the MoMe System, later this year. Specifically, Safeguard has an excellent track record of supporting innovation and building great healthcare and technology companies. We are pleased that they share our vision for this proprietary platform that leverages cloud technology to improve patient monitoring, diagnosis and treatment, ultimately reducing operating and healthcare costs and most importantly, saving lives.”  READ MORE

StarWind Software Secures $3.25M Series B Funding

StarWind Software Inc., a leading provider of software defined storage for Hyper-V environments, today announced a $3.25M Series B round of venture capital financing. The round was led by Almaz Capital, with participation from ABRT Venture, and AVentures Capital. Alexander (Sasha) Galitsky, a general partner at Almaz Capital, will join the company’s board.

Microsoft’s Hyper-V is emerging as the leading virtualization platform for SMBs, with growth similar to that of VMware’s ESX in enterprise space last decade. The funding will enable StarWind to capitalize on its leading position in the growing Hyper-V market. READ MORE

SilverRail raises $40M in funding

SilverRail, the global leader in passenger rail search and distribution technologies, today announced it has raised $40m in Series C funding to accelerate the integration of global rail carriers, continue building next generation search technology, and expand carrier IT solutions.  This will include multi-modal journey planning and pricing, booking and reservation management, inventory and seating management, and reporting and analytics.

 

The Series C investment round was led by Mithril Capital Management, the global technology investment firm founded by Ajay Royan and Peter Thiel, and supported by existing investors - Canaan Partners, Sutter Hill Ventures and Brook Ventures...  READ MORE

GroupZoom raises $3M in funding

As reported by The Boston Globe, GroupZoom has raised $3M in funding from a variety of individual investors, including Scott Griffith (former CEO at Zipcar and now a Partner at General Catalyst).  GroupZoom is the creator of Bridj, the world's first pop-up mass transit network. It revolutionizes inter-city mass transportation by connecting travelers directly with their destinations.  READ MORE

Ektron Closes Growth Equity Investment

Content management and web experience management software provider Ektron today announced it closed a growth equity funding round led by Accel-KKR. This minority investment, the company's first institutional round, will enable Ektron to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings continues to grow.  Terms of the deal were not disclosed.

"We're entering a new era where businesses and people experience content across the web and mobile devices in entirely new ways," said Ektron President, Tim McKinnon. "Ektron is at the forefront of helping to power these new experiences for the world's leading organizations. Accel-KKR's investment is a testament to our success and the future growth opportunity our continued focus on innovation will bring to the market." READ MORE

Drync Secures $2.1M in Funding

Drync, a top wine app and leader in visual commerce, today announced it has secured $2.1M from marquee venture and individual investors and has expanded its executive team with the addition of Brian Carr, who has been named COO of the company. Carr comes to Drync from Springpad, a venture-funded Evernote competitor and TIME Magazine top 50 app two years running, where he was VP of Marketing.

Investors in this round include Cross Link Ventures, Great Oaks Venture Capital, KEC Ventures and Foundry Group, which led the largest syndicate on AngelList to date, raising over $434k for Drync. Hubspot founder, Darmesh Shah and ScanScout founder, Wakit Lau, also made individual investments in the company. This seed round is on top of a $900k initial investment in August. READ MORE

Wellframe raises $1.5M in funding

Wellframe, a Boston-based company that combines mobile technology and artificial intelligence to amplify caring clinical relationships by engaging patients in personalized care plans, today announced that the company has secured $1.5M in seed funding from leading entrepreneurs and investors. These include, among others, athenahealth CEO, Jonathan Bush, Founder and Managing Director of Draper Fisher Jurvetson, Tim Draper, President of the British Medical Association, Sir Sabaratnam Arulkumaran, Former Global Managing Director at Accenture, Russ Nash, Venture Partner at Fidelity Biosciences, Carl Byers and Founder and Managing Partner, Leerink Capital Partners, James Nahirny. Wellframe was also a member company of Rock Health's fourth class.  READ MORE

NetProspex raises $13M in funding

NetProspex, the leading provider of cloud-based B2B marketing data management services, today announced it has received $13 million in Series C funding led by Spring Lake Equity Partners. The funding round brings the company’s total capital investment to date to $27 million and includes follow-on investment from Edison Ventures and other early investors. As the market for B2B data services builds momentum, NetProspex will utilize the funding for further product innovation and to expand sales and marketing to meet growing market demand.

NetProspex also announced today the company’s highest-ever quarterly results for top-line achievement and new customer signings for the quarter that closed March 31. This growing demand is being driven by the fact that, according to Sirius Decisions research, companies that regularly maintain their marketing database realize 66 percent higher conversions to revenue than those that do not. READ MORE

Smarter raises $1.6M in funding

Smarterer has been making some major waves as the company evolves towards solving an enterprise problem for companies with their skills assessment platform called Flock.

As part of this shift, Smarterer raised $1.6M in funding, which puts their total funding to date at $4.6M.  Investors in the company include Google Ventures, True Ventures, Boston Seed Capital, Rethink Education, Deborah Quazzo (Founder & Managing Partner of GSV Advisors), and many additional seed investors.  READ MORE

Alignable raises $3.54M in funding

As per SEC filings, Alignable in Waltham, MA has raised $3.45M in funding.  Alignable is the place where local businesses create powerful local networks to maximize their local reach and grow. As businesses grow so does the entire community. Alignable’s patent-pending matching technology makes finding the right local businesses to market with fun and easy- making “The power of local” real for businesses...  READ MORE

Circle raises $17M in funding

Circle Internet Financial, a digital currency company, today announced that it has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners and General Catalyst Partners were joined by new investor Oak Investment Partners to lead the round. Other Series B investors included Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, Inc. and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a leading consumer finance advisory and venture firm led by Circle board member Raj Date, was also an investor in the Series B financing.  READ MORE

HourlyNerd raises $4M in funding

We’re thrilled and honored to announce that HourlyNerd has recently raised Series A funding from two of the world’s premier venture capital firms: Highland Capital and Greylock Partners.  Partnering with firms like Highland and Greylock will allow us to help even more businesses across the world.  Our unwavering goal is to allow businesses of all sizes to get access to top quality MBA freelancers while also allowing top-tier business talent to work more flexibly.  We’d like to send a BIG thank you to all of our current and past business customers and Nerds – we couldn’t have gotten to this point without you!  READ MORE

Actifio raises $100M in funding

Actifio, the copy data virtualization company, today announced it has secured an oversubscribed $100M funding round led by Tiger Global Management, LLC, with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion of market coverage, global brand development, and product feature enhancements in the world’s leading data management solution for virtualized and Cloud IT architectures.

 

“From the start we have focused on building the next great technology brand with a singular focus on delighting our customers with revolutionary technology, enterprise-class service, and transformative business results,” said Ash Ashutosh, Founder and CEO, Actifio. “Having shone a light on the $46 Billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio.. READ MORE

 

Localytics raises $16M in funding

Localytics (www.localytics.com), provider of the most powerful analytics and marketing platform for mobile and web apps, announced today it has raised $16M in Series C financing led by new investor Foundation Capital. Existing investor, Polaris Partners, also participated in this round. Localytics will use the new funding to accelerate investments in product development, sales and customer service, and to fuel international expansion. The new financing brings total capital raised to $25M.

The new financing comes on the heels of a record-breaking year for Localytics during which it tripled revenues for the fifth straight year. In 2013, Localytics grew its customer base significantly, with new customers such as ESPN, Clear Channel and SoundCloud joining its already broad customer base that includes industry leaders such as eBay, Fox and Microsoft. The company also opened offices in San Francisco and London. Localytics is now used by more than 5,000 companies, and is installed in over 1.4 billion devices across the globe.   READ MORE

Zulip acquired by Dropbox

As reported by TechCrunch, Zulip in Cambridge, MA has been acquired by Dropbox.  Zulip was a stealth mode startup that has been developing a workplace chat solution for desktop and mobile.  Investors in Zulip include Paul English, Sanjit Biswas, and Hans Robertson.  READ MORE

VoltDB raises $8M in funding

VoltDB today announced that it has closed $8 million in Series B funding. The round was led by a Silicon Valley luminary with participation from two additional independent investors as well as existing stakeholders Sigma Partners and Kepha Partners. This funding represents the first in a succession of strategic developments to be announced which bolster VoltDB’s ability to support next-generation “smart” applications that tap Big Data and the Internet of Things.

With more than 400 commercial customers and a highly differentiated product proven in mission critical applications, VoltDB will use the funds to accelerate sales and marketing as well as global expansion.  VoltDB’s “no compromise” design gives customers the world’s most powerful platform with unparalleled speed and capacity to process, analyze and make decisions on massive amounts of incoming data in real-time (milliseconds). VoltDB’s customers use the company’s unique in-memory architecture to power everything from mission critical enterprise applications, transportation systems and electricity management, to mobile and advertising networks.  READ MORE

MachineShop raises $3M in funding

MachineShop, today announced it has emerged from stealth mode to help simplify and standardize the way organizations, individuals, applications and systems interact with each other in a hyper-connected world. Looking beyond how tens of billions of devices physically connect to the Internet, MachineShop is focused on the trillions of data transactions and interactions that will occur through the Internet of Services – the domain where communication occurs through standard Services or application program interfaces (APIs) rather than legacy platforms, middleware or proprietary protocols. MachineShop marries the ubiquitous adoption of APIs with the ever-growing number of connected systems and related data sources allowing developers and their applications to leverage standard, discrete, purpose-built services.

The company also announced that it raised $3 million from strategic investors, its first outside capital. Until now the company was funded almost entirely through revenue. The three investors are CSR, Diebold, Incorporated and Xchanging plc, each of whom is a MachineShop customer or partner.  READ MORE

Verdasys raises $12M in funding

As per GigaOm, Verdasys in Waltham has raised $12M in funding.  Verdasys is the creator of Digital Guardian, the data protection solution to defend against insider and outsider threat at the point of risk.  READ MORE

ownCloud raises $6.3M in funding

ownCloud, Inc., the commercial entity behind the popular file sync and share open source project, today announced it has closed a $6.3 million series A funding round, led by Devonshire Investors and existing investor General Catalyst Partners and joined by customers and existing angel investors.

John Raguin, managing director, Devonshire, will join the company’s board where he previously served as a board advisor.  READ MORE

Weft raises seed funding

As reported by the BBJ, Weft in Burlington, MA has raised under $1M in seed funding led by Andreessen Horowitz.  Weft tracks shipping containers to make sure that they get to where they're supposed to be on time and intact.  READ MORE

Wayfair raises $157M in funding

Wayfair, the largest online retailer of home furnishings and décor, today announced that it has raised $157 million in equity financing to fuel continued growth of the company’s portfolio of home brands. The Series B investment round, led by funds and accounts managed by T. Rowe Price Associates, Inc., encompassed a limited number of key investors, including industry leading growth focused mutual funds, as well as a private investment from Julie M.B. Bradley, TripAdvisor CFO and Wayfair board member.

“Wayfair is heading into 2014 with tremendous momentum and growth as more and more shoppers opt for one of our exceptional ecommerce shopping experiences,” said Niraj Shah, CEO and co-founder of Wayfair.  READ MORE

AppZero raises $3M in funding

Cloud migration innovator AppZero today announced a $3M round of funding to support enterprises moving to the cloud, including those faced with moving millions of applications to newer operating systems from Windows Server 2003, which reaches the end of extended support next year.

Leading technology investors and super angels are the investors and include AppZero Chairman Nigel Stokes, former CEO and co-founder of DataMirror, now  part of IBM; Joseph Alsop, former CEO and co-founder of Progress Software;  Covington Capital, a Canadian venture capital investment firm focused on supporting the growth and success of visionary entrepreneurs; individual investments from the partners of Gold Bench Capital, LLC; Frank A Bonsal, Jr., founder of New Enterprise Associates (NEA), one of the country’s largest venture capital firms; and Matt Ocko, long-time technology entrepreneur and startup investor, co-founder and co-Managing Partner of Data Collective.  READ MORE

Optio Labs raises $10M in funding

Optio Labs, a developer of transformational security and productivity technologies for mobile and embedded systems, announced the closing of a $10 million Series A funding round. Participants in the round include Optio Labs’ parent company, Allied Minds Inc., as well as several private investors.

Optio Labs develops mobile security software solutions for federal agencies, commercial enterprises, and device manufacturers. The company’s flagship product, OptioCore, has been recognized as the only security solution able to meet stringent U.S. Federal government mobile security policies while maximizing the full range of productivity benefits of Android devices. The company plans to use the funds to expand engineering capacity and accelerate the development of additional solutions for commercial and embedded systems markets. READ MORE

CloudBees raises $11M in funding

CloudBees, Inc., the Enterprise Platform as a Service (PaaS) innovation leader, today announced it has closed an $11.2 million Series C financing round. The round was led by Verizon Ventures, the investment arm of Verizon Communications Inc. The round also included existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.

Founded in 2010, CloudBees is a recognized leader in Platform as a Service technology and in its enterprise support and features for Jenkins continuous integration and delivery.  The Series C funding brings the total investment in CloudBees to $25.7 million. The new funds will be used to drive continued revenue growth by rolling out additional product capabilities, fund sales expansion and extend the reach of the CloudBees brand.  READ MORE

Quanttus raises $22M in funding

Quanttus today announced that it secured $19 million in Series A financing from Khosla Ventures and Matrix Partners. This follows a previous $3 million seed financing led by Vinod Khosla of Khosla Ventures. Quanttus will use this investment to further develop breakthroughs in clinical-grade vital signs monitoring and advances in contextual analysis to create wearable technologies that, for the first time, help people proactively understand their bodies and improve their health.  READ MORE

CounterTack closes out Series B funding at $15M

CounterTack, a pioneer in delivering real-time endpoint threat detection, context and visibility around targeted attacks, today announced that it has closed out its Series B financing round with an additional $3 million to complete a $15 million raise.

This funding comes on the heels of a surge in global customer demand. With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital and a group of private financiers to fuel an accelerated technology expansion and market delivery of CounterTack’s Sentinel platform for real-time endpoint threat detection and response for the enterprise.  READ MORE

NuoDB raises $14.2M in funding

NuoDB, Inc., the leader in distributed database technology, announced today that it has closed a new round of investment. In addition to existing investors, Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, has made an investment in the company. 

Also participating in the round are NuoDB’s existing investors including Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners. This latest round is $14.2 million, bringing the total investment in NuoDB to $26.2 million.  READ MORE

bigtincan raises $5M in funding

bigtincan, a Waltham, MA-based provider of a mobile content enablement solution, raised $5m in Series A funding.  The round was led by Southern Cross Venture Partners. In conjunction with the funding, Bill Bartee, serial entrepreneur and managing director of Southern Cross Venture Partners, joined bigtincan’s board of directors.  READ MORE