Funding

Disruptor Beam Raises $3.2 Million in Series A round

Disruptor Beam, the company that brings together worldwide fan communities with authentic games based on iconic worlds, has today announced it has secured a $3.2 million Series A funding round. The new funds will go towards the continued development of the company’s next game, Star Trek Timelines, as well as towards its community- centric gaming platform. In addition, new funds will help the company in its efforts to secure additional IPs for future game products, as well as to expand its team across all disciplines. For more information on Disruptor Beam, visit https://www.disruptorbeam.com/about.

This latest round consists primarily of new equity investors as well as conversion of existing debt. New investors in this round included Midverse Studios, GrandBanks Capital and a number of technology-oriented angel investors. Also participating were prior investors including CommonAngels, Romulus Capital, and angel investors including Harmonix founders Alex Rigopulos and Eran Egozy. READ MORE

 

Teespring Raises $35 Million

As reported by TechCrunch, Custom apparel startup Teespring has raised $35 Million Series B from Khosla Ventures to continue to fuel its growth and expansion, which includes the addition of a new facility in Kentucky that’s expected to create hundreds of jobs next year. Andreessen also participated in the round for this company, whose platform allows anyone to outsource the production and distribution costs of selling their own custom-designed shirts.


Along with the funding, Khosla Ventures partner Keith Rabois is now joining Teespring’s Board of Directors, which today also includes Lars Dalgaard, general partner at Andreessen Horowitz, and Sam Altman, president of Y Combinator. READ MORE

Dispatch Closes $3.1M in Financing

Dispatch today announced the close of a $3.1M round of seed funding and unveiled the industry’s first scheduling and delivery platform for on-demand services. The company’s strategic financing was co-led by Promus Ventures and GrandBanks Capital, and included Salesforce Ventures, prominent individual investors Ray Lane and Mark Goldstein, as well as Launch Capital and Kima Ventures.

Dispatch’s proprietary platform brings businesses into the on-demand economy by providing enterprises with a mobile extension for their legacy systems and by offering a self-serve set of products and APIs for marketplaces and developers. Businesses rely on Dispatch to enable their customers to instantly find and book a scheduled or immediate service either online or through a smartphone, and allow the customer to track the arrival of their provider in real-time. READ MORE

Alfred Raises $2M

Today Alfred announced a $2M round of funding led by Spark Capital, along with SV Angel & CrunchFund.  Alfred’s service is out of beta and is available in Boston and NYC. 

Alfred Club is the first service layer on the shared economy that manages your routine across multiple on-demand and local services (e.g. Handy, Instacart, and the local dry cleaner). Members build a subscription to make their routine automatic, letting Alfred seamlessly coordinate services in their home, so they come home happy. READ MORE




WiGo Closes $700k

As reported by TechCrunch, WiGo has raised $700k. Tinder CEO, Sean Rad and CMO Justin Mateen took part in the round and will join WiGo as active advisors.

The round also includes investment from Paul English, founder of Kayak, as well as Rue La La and Lids founder Ben Fischman and Kevin Colleran, one of the first ten employees at Facebook.

WiGo, the first app that safely and securely shows college students who is going out at their school and where they're headed, is out of Enligh's startup foundry, Blade. You can read more about WiGo founder, Ben Kaplan and the app here.

READ MORE on the funding coverage from TechCrunch.

InsightSquared Closes $13.5M

InsightSquared Inc. raised $13.5 million for what founder Fred Shilmover calls "affordable business intelligence"--software to help small and medium-size businesses analyze their sales and marketing data for answers to questions that are hard to answer given currently available software.

The Series C round comes from current investors Atlas Venture, Draper Fisher Jurvetson and NextView Ventures along with a new investor, Two Sigma Ventures. READ MORE 

Learn more about InsightSquared on their BIZZpage

 

Indico Raises $3M in Funding

Indico announced a $3M seed round of funding during their pitch at Techstars.  Investors in the round are General Catalyst, Two Sigma, .406 Ventures, and Boston Seed Capital.  Indico is creating a new kind of development environmnet for machine learning... READ MORE

Gemr Raises $4.93 Million in Private Placement Funding

Gemr, a pioneering online social community for collectors, announced today that it has raised $4.93 million in a Series A funding round from a group of private and institutional investors that includes Gary R. Sullivan, Co-Founder, American Antiques expert and appraiser on PBS's Antiques Roadshow, James B. Hawkes, former Chairman and Chief Executive Officer of Eaton Vance Corp., and The NH MillWorks Fund. The funding, raised in just 30 days, will be used to complete the development of its iOS and Android mobile applications, a web app, and to support a national marketing launch effort.      

Gemr is an online collector community and mobile native application that allows users to easily find, collect, trade or sell an item simply by snapping a picture and sharing it with interested Gemr peers. Over 40 percent of Americans consider themselves collectors and each week 100 million Americans watch television programs like Antiques Roadshow or American Pickers. However, there is no equivalent experience on the Internet or as a mobile platform. READ MORE

 

Prelert Closes $7.5M Investment

Prelert, the anomaly detection company, today announced it has raised a $7.5 million round of venture capital financing from Intel Capital and existing investors, Fairhaven Capital and Sierra Ventures. This investment will enable Prelert to further expand its field sales and engineering organizations to leverage the growing interest in Anomaly Detective® from enterprises, cloud service providers and IT management providers.

As IT security and operations professionals struggle to find actionable insight within the overwhelming volume of machine-generated big data that their systems create, Prelert offers a solution to easily find operational threats, issues and opportunities as they are occurring. Using unsupervised machine learning technology, Prelert’s Anomaly Detective processes huge volumes of streaming data to learn what normal behavior looks like within an IT environment, and in real time, flags anomalous activity. READ MORE

Wanderu Raises $5.6M in Series A Funding

Wanderu, a Boston, MA-based provider of a travel search engine platform for bus and train rides, raised $5.6m in Series A funding.

The round was led by Metamorphic Ventures, with participation from Alta Ventures, 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. READ MORE

BlueSnap Raises $50M Growth Equity Round

Global payment gateway BlueSnap announced today that the company has raised $50 million of growth equity from Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. BlueSnap will use the new funding to expand operations for its global business and pursue strategic acquisitions.

BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic eCommerce tools. With over 10 years of experience serving merchants around the globe, BlueSnap provides the most robust global gateway on the market, supporting shoppers in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. READ MORE

 

Visible Measures Secures $7 Million in Growth Capital

Visible Measures, the leader in Content Advertising, today announced that it has closed a $7 million investment round with participation from General Catalyst Partners, Mohr Davidow Ventures, DAG Ventures, Northgate Capital, Commonfund, and Advance Publications. The company will use the funding to continue to help brands win the battle for consumer attention by programmatically leveraging video and native advertiser content.

“There is competition for consumer attention in every major advertiser category. With more noise and media fragmentation than ever before, the question facing modern marketers is ‘How can I win more share of attention for my brand and products?’ The answer is being able to engage audiences with content advertising, programmatically through video and native,” said Brian Shin, CEO and Founder of Visible Measures. “This funding enables us to continue pushing the boundaries of the emerging Content Advertising category, which combines critical aspects of Content Marketing, Programmatic Advertising, and Marketing Automation to deliver maximum brand advertising effectiveness for marketers.” READ MORE

Fashion Project Raises $7.2M in Funding

As reported by Boston Business Journal, according to a regulatory filingFashion Project, a marketplace for new and gently-used designer clothing and accessories that gives back directly to the donor’s charity of choice, has raised nearly $7.2 million in new equity funding. READ MORE

Digital Lumens Secures $23 Million in New Financing

Digital Lumens, the leader in intelligent LED lighting, today announced $23 million in funding from new investors Nokia Growth Partners, Aster Capital, and Goldman Sachs, and current investors, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures. Funds will be used to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint. (Translated versions: French, Spanish, Italian and German)

“From consumer to industrial markets, the connected world presents new opportunities for efficiency, insight, comfort, safety, and operational intelligence – all delivered via next-generation lighting systems,” said Tom Pincince, President and CEO of Digital Lumens. “Our platform gives customers the most direct access to enterprise-scale building and energy intelligence – through the lens of their lighting network. With deep roots in traditional industrial infrastructure and strong commitments to the IoT, our investors see Digital Lumens as the embodiment of the connected enterprise, and are excellent partners for our continued technology and market expansion.”  
READ MORE

Benu Announces $27.7 Million Strategic Funding

Benu Networks, the innovative provider of networking and software solutions for network operators deploying Wi-Fi and Cloud services, announces strategic investors Liberty Global Ventures and Arris Group participate in Benu’s funding round of $27.7 Million. In addition, Benu announces the hiring of industry tech veteran Dino Di Palma as Chief Executive Officer. Existing investors Spark Capital, Sutter Hill Ventures, and Comcast Ventures also participate.

“Benu’s innovative solution will allow operators to deliver services and manage policies on a user and device level irrespective of access type. This approach opens up a range of new business opportunities in terms of service innovation, delivery cost, and velocity” said Dan Hennessy, Chief Architecture Officer at Liberty Global.  READ MORE

Fiksu Secures $10 Million in Debt Funding

BOSTON – OCTOBER 21, 2014Fiksu (www.fiksu.com), a data-driven mobile ad tech company, today announced it secured $10 million in mezzanine debt funding from Silicon Valley Bank. The company plans to use the funding to continue to support further global expansion and ongoing development for the company’s award winning Programmatic Mobile Demand Platform. This financing comes on heels of the announcement that the company surpassed $100 million in annual revenue and hired Kenneth Goldman as CFO. 

Fiksu experienced exceptional growth this year, adding over 100 employees bringing the employee count to almost 300 and driving over 1 billion client downloads in nine months, accelerating the company's trajectory as the leader in mobile marketing. Fiksu counts leading brands such as Coca-Cola, Disney, The New York Times, Dunkin’ Donuts, Groupon and Topps among the customers it works with to optimize mobile ad targeting and enhance campaign performance. 

“This has been a banner year of domestic and international growth, marquee customer wins and unprecedented revenue milestones for Fiksu,” said Kenneth Goldman, CFO, Fiksu. “This financing enables us to continue to capitalize on the burgeoning market opportunities before us, and the partnership with Silicon Valley Bank—with its proven history of success working with high tech innovators—will certainly help us to reach our expansive growth goals.”  

In addition to offices in San Francisco and Northampton, Massachusetts—and overseas in London, Finland, Singapore, South Korea and Japan—the company is doubling its office space in its Boston headquarters and recently opened new U.S. offices in New York City, Chicago and Los Angeles. Fiksu expects to continue aggressively expanding its global workforce in the coming year. 

“It is our pleasure to work with Fiksu, and other innovative companies around the world that are leading their industries, as they reach new levels of success and pursue ambitious goals,” said Dan Allred, market manager, of Silicon Valley Bank in Boston. “Our aim is to help the Fisku team move its business forward quickly with the right financing, connections and global services it needs as the company expands globally and prepares for its next phase of growth.” 

Fiksu has previously raised two rounds of equity funding from Charles River Ventures and Qualcomm Ventures.

 

About Fiksu
Fiksu is the leading provider of mobile marketing products. A data-driven mobile ad tech company, the power of Fiksu is fueled by information assets from over 3.3 billion app installs and 4.7 trillion marketing events tracked across 1.7 billion devices. The company’s patent-pending Programmatic Mobile Demand Platform applies intelligent technology to proprietary big data to master ALL the challenges of mobile advertising – including tracking, optimization, media buying and integration. This cohesive approach spans the entire mobile ecosystem and ultimately delivers the best marketing performance. Additionally, Fiksu offers FreeMyApps®, the world’s largest app discovery platform where users are rewarded. Based in Boston, Mass., Fiksu is venture-backed by Qualcomm Ventures and Charles River Ventures. More at www.fiksu.com, @Fiksu, and on the Fiksu blog.


About Silicon Valley Bank

Banking the world's most innovative companies and exclusive wineries, SVB offers diverse financial services, knowledge, global networks, and world class service to increase our clients' probability of success. With more than $33 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (Nasdaq: SIVB) www.svb.com.

 

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System.

 

###

Media Contacts:
Heather Bliss
(781) 966-4100
fiksu@inkhouse.com 

Jeremy Sacco
855-463-4578 x154
press@fiksu.com 

Carrie Merritt
Silicon Valley Bank
(503) 574-3705
cmerritt@svb.com

Cazena Raises $8 Million In Series A Funding

BIG DATA STARTUP CAZENA RAISES $8 MILLION IN SERIES A FUNDING LED BY ANDREESSEN HOROWITZ & NORTH BRIDGE VENTURE PARTNERS

Cazena today announced it has assembled a team of technology luminaries to take on the next challenge in big data. To execute its vision, Cazena has raised $8 million in Series A funding led by Andreessen Horowitz and North Bridge Venture Partners.

Cazena was founded by former leaders from Netezza where the team pioneered big data appliances. Netezza was acquired by IBM in 2010 for $1.7 billion. “We are thrilled to announce Cazena and our investors,” said Prat Moghe, founder and CEO of Cazena. Moghe was previously senior vice president at Netezza, where he launched the latest generation of its market-leading appliance and brings a wealth of experience in the space. “Today big data is too hard and too slow. It takes months to implement enterprise big data infrastructure, and millions of dollars of on-going annual investment of resources that do not scale with growing data.” READ MORE

Lose It! Raises Seed Round of Funding

Lose It!, a consumer web & mobile companies in the Boston area, has raised an initial round of seed capital led by General Catalyst.

Quantopian Raises $15M in Funding

Algorithmic investing platform, Quantopian announced today that it has secured $15 million in Series B financing from lead investor Bessemer Venture Partners (BVP), with returning top-tier investors, Khosla Ventures, Spark Capital, and Wicklow Capital also participating. With this round of funding, the company will develop the Quantopian Managers Program - a hedge fund that allocates capital to the top-performing quants in the community.

As part of the funding, BVP partner Rob Stavis will join the board of directors. “Quantopian is the premier developer platform for algorithmic trading across various security types and has an unparalleled community of top algorithmic and financial talent,” said partner, Rob Stavis. “We are excited to work with Quantopian to create a new category in asset management. For Bessemer, it’s an exciting business that exists at the intersection of two areas of investment interest: disruptive asset management and platforms for software developers...READ MORE

Nara Logics Raises $6m In Series A-2 Financing

Nara Logics, Inc., a Cambridge, MA-based artificial intelligence company focused on turning big data into smart data, raised $6m in Series A-2 financing round

The round was led by .406 Ventures with participation from existing investors including Peter de Roetth, president of Account Management LLC. In conjunction with the funding, Larry Begley from .406 Ventures will join Nara Logics’ Board of Directors while neuroscientist Mriganka Sur will join Nara’s advisory board. READ MORE

EverTrue Raises $8M Series B

EverTrue (www.evertrue.com), a social donor management platform, today announced $8Min Series B funding led by Bain Capital Ventures, with participation from Silicon Valley Bank. This latest round of funding brings the company's total financing to $14.5M. EverTrue plans to use the capital to support further investments in engineering, data science and customer success.

TechStars Boston alumnus and MassChallenge winner EverTrue works with more than 250 organizations, including leading higher education institutions and independent schools. Powered by social networks including LinkedIn and Facebook, the EverTrue platform provides real-time intelligence to support donor identification and prospect management... READ MORE

ecovent Closes $2.2 Million Seed Round

ecovent, who was part of Techstars Winter 2014, gives you room-by-room control over your heating and cooling through a wireless system of vents and sensors, closed a $2.2M Seed Round.... 

I am so excited to announce that we’ve closed our seed round of $2.2 million, from an incredible group of investors, but more on that later.

Back in 2013, when we started ecovent, we knew we would need to raise money.  We were naive to think that if we built an awesome system, we could convince investors, all on our own, to give us their hard earned cash to continue the pursuit of this incredible challenge. READ MORE

OpenView Venture Partners Raises $250M Fourth Fund

OpenView Venture Partners announced today that it has successfully completed the fundraising of OpenView Venture Partners IV, L.P., with commitments of $250 million. This new oversubscribed fund brings the firm’s total capital under management to nearly $700 million.

OpenView is committed to maintaining its focused strategy, investing in expansion-stage software companies. Since its founding in 2006, OpenView has partnered with 29 companies, including early investments in category-defining companies like Mashery, AtTask, Instructure, Monetate, Spredfast, Kareoand Socrata, among others.  READ MORE

Lose It! Raises $5M in Funding

As per the Boston Business Journal, Lose It! in Boston, MA has raised $5.5M in funding from General Catalyst and UnitedHealthcare's Innovation Group.  Lose It! is a mobile weight loss app.  READ MORE

PillPack Announces $8.75 Million Financing

Accel Partners joins Atlas Venture and Founder Collective to back a better pharmacy

PillPack, the pharmacy that simplifies medication management, has secured $8.75 million in additional capital funding to scale operations and grow their customer base. The round was led by Accel Partners, with participation from Atlas Venture.

“In the last two years, we have built and launched the first pharmacy dedicated to making customers’ lives easier,” said TJ Parker, PharmD, CEO. “With PillPack, the end-to-end process of managing medications is both simple and understandable. As a result, it’s easy for our customers to take their prescribed medications at the right time, every time.” READ MORE

OpenView Venture Partners Raises $250 Million Fourth Fund

OpenView Venture Partners announced today that it has successfully completed the fundraising of OpenView Venture Partners IV, L.P., with commitments of $250 million. This new oversubscribed fund brings the firm’s total capital under management to nearly $700 million.

OpenView is committed to maintaining its focused strategy, investing in expansion-stage software companies. Since its founding in 2006, OpenView has partnered with 29 companies, including early investments in category-defining companies like Mashery, AtTask, Instructure, Monetate, Spredfast, Kareoand Socrata, among others.

“What makes OpenView unique is our focus,” said Scott Maxwell, Founder and Senior Managing Director of OpenView. “No other venture firm has our dedicated stage and sector focus.” READ MORE



HealthEdge Raises $30M in Funding

HealthEdge, an innovative software company that provides the only integrated financial, administrative and clinical software platform for healthcare payors, Raises $30M in Funding. READ MORE


Shareaholic raises $2.3M

It has been an incredible couple of months for Shareaholic. We have been so busy growing the product that I find myself looking up at the clock, realizing 12 months have gone by in what seems like a minute!

Today I am thrilled to share that we have raised $2.3 million, with our friends at Kepha Partners, General Catalyst and NextView Ventures participating. The company has raised $7.8 million to date. READ MORE

Cohealo Raises $9M in Funding

Cohealo Inc., the leader in medical asset mobilization and analytics, today announced the company has completed a $9 million Series A financing led by Romulus Capital and Krillion Ventures.

Cohealo utilizes a cloud-based sharing platform to bring the benefits of the sharing economy most readily associated with consumer applications like Uber, Airbnb and Zipcar to managing and optimizing the utilization of medical equipment across hospitals and care facilities in health systems. The US spends more than $100 Billion a year on these assets; Cohealo enables the market to maximize the economic and clinical value out of each and every one of them.  READ MORE

Skillz Raises $6M in Financing

Skillz, a San Francisco, CA- and Boston, MA-based provider of a tournament platform where mobile gamers can use their skills to compete for cash and prizes, raised $6m in venture debt and equity financing.

The round was led by Atlas VentureREAD MORE