Matchbox raises $2.5M in funding
today announced that five Admissions Offices at the MIT Sloan School of
Management and the MBA program at the UCLA Anderson School of Management
are the first six university programs in the world to use Matchbox to
power their admissions review processes. By reducing the time it takes
to review and process applications up to 75 percent, the Matchbox iPad
app and cloud-based infrastructure are modernizing today’s Admissions
Offices, empowering admissions teams to shift their focus toward
recruiting high caliber students rather than managing reams of paperwork.
The company, formerly known as AdmitPad, also announced that it secured
a $2.5 million initial round of financing, led by Mike Maples at
Floodgate, with participation from Greylock Partners and Felicis
Ventures. Angel investors in the round include MIT Professor Ed Roberts,
AppNexus CEO Brian O’Kelley, Maker Communications CEO Bill Giudice, and
Matrix Partners Special Limited Partner Rob Soni.
Fotonauts raises $1.5M in funding
As per SEC filings, Fotonauts in Cambridge, MA has raised $1.5M in a round of convertible debl. Fotonauts operates an online photo encyclopedia website called Fotopedia.
Shareaholic raises $2M in funding
Shareaholic, a startup in Cambridge, has raised $2M in funding. Shareaholic makes content sharing
on the web faster and easier, while also making it simple for web
publishers, advertisers and mainstream businesses to measure the
effectiveness of their content.
With more than 2 million browser plugin installations and
hundreds of thousands of publishers using Shareaholic’s content sharing
tools, Shareholic reaches more than 250 million unique monthly visitors
and has permission to an unparalleled amount of aggregate social data
and reach to create targetable audiences for advertisers. This data
drives even more quality visibility, traffic, leads and views to
websites and content through real-time bidding platforms.
Investors include General Catalyst Partners, Nextview Ventures, Boston
Seed/Nicole Stata, Dave McClure (500 Startups), Dharmesh Shah (HubSpot),
Stephano Kim (X+1), David Cancel (Compete, Performable), Brian Shin
(Visible Measures), Prof. Ed Roberts (MIT Sloan, Sohu), Roy Rodenstein
(HackerAngels), Jonathan Kraft (The Kraft Group), and more.
MineralTree raises $1.5M in funding
MineralTree, Inc., has formally launched from stealth mode and plans
to release its first product – a cloud-based banking and payment
solution specifically designed for small and medium businesses (SMBs) at
the Small Business Banking Conference on November 10, 2011 in
In February 2011, MineralTree secured $1.5 million in Series 1
financing led by .406 Ventures. The investment round funded development
of the company’s cloud-based payments solution, which enables SMBs and
their banks to minimize the widespread inefficiencies and rapidly
growing risks in the SMB sector. The funding also fueled MineralTree’s
initial employee, partner and customer acquisitions.
InnoCentive increases round of funding
As per SEC filings, InnoCentive in Waltham, MA has raised $5M of a planned $7.5M round of funding. InnoCentive is the open innovation and crowdsourcing pioneer that
enables organizations to solve their key problems by connecting them to
diverse sources of innovation including employees, customers, partners,
and the world’s largest problem solving marketplace.
OnForce raises $5M in funding
OnForce, the leading source for on-site tech talent, completed a $5
million investment round, led by North Atlantic Capital (NAC), a venture
capital firm that specializes in business-to-business technology
providers. The funding was raised specifically to accelerate growth,
fuel increased technology innovation and meet the needs of large,
Tracelytics raises $600K in funding
As reported by TechCrunch, Tracelytics in Providence, RI has raised $600K in funding. Investors in this round include Google Ventures, Battery Ventures, and Flybridge Capital Partners. Travelytics in an application performance and analytics solution provier. The Tracelytics solution is a SaaS-based application performance management (APM) tool that’s used to provide visibility into complex, distributed Web applications written in PHP, Ruby or Python.
Powerhouse Dynamics raises $3M in funding
As reported by Mass High Tech, Powerhouse Dynamics in Newton, MA has raised $3M in funding. The round of funding was led by Ireland based SOS Ventures. Previous investors, including CommonAngels, also participated in the round. Powerhouse Dynamics’ eMonitorTM is the first intelligent small
commercial energy management solution designed to monitor all uses and
sources of energy and deliver cost-effective controls.
Basho raises $5M in funding
Basho Technologies, which is focused on the fast-growing NoSQL big data
storage market through its unique distributed data store enterprise
software, today announced that it has successfully implemented a
significant international licensing agreement with the National Board of
E-Health in Denmark, through its in-country partner Trifork, under which Basho's Riak software is powering Denmark's
national Shared Medicine Card program. Furthermore, to expedite its
growth in Big Data storage, Basho has raised an additional $5 million
from existing equity holders in a round closed to outside investors to
more aggressively advance engineering and market development of its Riak
Shopximity raises $4.8M in funding
As reported by Scott Kirsner of his Innovation Economy blog, Shopximity in Cambridge has raised an undisclosed Series A round of funding from US Venture Partners, Valhalla Partners, and General Catalyst. Shopximity is a stealth mode startup founded by Sim Simeonov. According to the report, Shopximity will provide a new model for value-based marketing model with a focus on web and mobile advertising.
Modo Labs raises $4M in funding
Modo Labs™, a leading provider of open
source content delivery solutions for mobile platforms and devices,
today announced the company has closed a $4M investment from Storm
Ventures and New Magellan Ventures. Modo Labs will use the new funds to
accelerate market adoption for its mobile solutions, which are based on
its open source Kurogo™ mobile platform.
Mendix raises $13M in funding
Mendix, a leader
in the PaaS (Platform-as-a-Service) market, today announced the closing
of a $13 million Series A round of financing. The round was led by Prime
Ventures, with HENQ Invest following on its earlier seed investment.
The investment will support the company’s international expansion and
fuel its global sales efforts, building upon its fast growing partner
network and user community.
ConnectEDU raises $10M in funding
ConnectEDU, Inc., the leader in
web-based college and career access solutions, today announced it has
completed a $10 million equity offering led by Allen & Co. with the
continued support of the company's initial group of investors from the
education, private equity and Internet industries. The new round of
funding will fuel the company’s continued expansion and acquisition
CashStar raises $12M in funding
CashStar announced that it has secured $12 million in funding to support
its growth in the digital gifting business, a rapidly growing segment
of the $90 billion plus gift card market. The round was led by FTV
Capital and included existing investors Steven Boal, president and CEO
of Coupons.com, and Passport Capital. The funding will be used to help
drive continued adoption of digital gifting and grow CashStar's retail brand network.
Mandarin Oriental Hotel Group is another brand that has just partnered
with CashStar to offer consumers a more personalized way to gift and
MedVentive raises $12M in funding
announced today the completion of a $12 million Series D investment,
led by two new provider-based investors. National Healthcare Services
(NHS) and CHV II, LP, both focused on transformative technology for the
healthcare market, were joined by MedVentive’s existing investors,
which include CHV Capital, Core Capital Partners, Excel Venture
Management, HLM Venture Partners and Long River Ventures. Including CHV
Capital, MedVentive now has the backing of three of the nation’s most
prestigious hospital investors.
Tonian Systems raises $5M in funding
As reported by Scott Kirsner on his Innovation Economy blog, Tonian Systems has raised $5M in funding from Charles River Ventrues and Cedar Fund. Tonian Systems is a stealth mode startup focused on developing a unified storage solution.
Hadapt raises $8M in funding
Hadapt, creator of the first big data platform to
integrate Hadoop with a structured data store to allow for high
performance analytics across both structured and unstructured data,
today announced that it has closed a $9.5 million Series A round of
financing led by Norwest Venture Partners (NVP) and Bessemer Venture
Partners. Matthew Howard, general partner at NVP, and Felda Hardymon,
partner at Bessemer, have joined Hadapt’s Board of Directors.
Ginger.io raises $1.7M in funding
As per their recent blog post, Ginger.io announced a round of seed funding totaling $1.7M. Ginger.io is a behavior analytics company that uses a proprietary mobile sensing platform to model patient behavior for different health conditions and symptoms.
The round was led by True Ventures. Participation also included west coast investors Mitch Kapor at Kapor Capital (Lotus 1-2-3), James Joaquin (XMarks, Pixable), and Ty Curry (Managing Partner at ZS Associates). Notable East coast investors include Romulus Capital (seed investor in MIT/Harvard startups), Walt Winshall (PatientsLikeMe, AgaMatrix), Bill Warner (Avid, Wildfire), Ari Buchler (General Counsel for Phase Forward), ENIAC Ventures (mobile seed fund in NY), Launch Capital (seed stage mobile and health startups), and Techstars (startup accelerator program).
Humedica increases round of funding to $23M
As per SEC filings, Humedica in Boston has increase a recent round of funding (back in April) from $20M to $23M. Humedica is a next-generation clinical informatics company that provides
novel business intelligence solutions to the health care industry.
Care.com raises $10M in funding
Care.com in Waltham, MA raises $10M in funding from Matrix Partners and Trinity Ventures. Founded in 2006, Care.com is the largest and fastest growing service
used by families to find high-quality caregivers, providing a trusted
place to easily connect, share caregiving experiences and get advice.
TwinStrata raises $8M in funding
TwinStrata, Inc., the leading innovator of cloud-based data storage,
backup and disaster recovery solutions, today announced that it has
closed an $8 million Series B round of financing. Avalon Ventures is the
lead investor. TwinStrata will use the investment to expand sales and
marketing efforts for its CloudArray® solution.
Snapette raises $1.3M in funding
As per SEC filings, Snapette has raised $1.3M in funding. Snapette is a mobile app focused on sharing & discovering fashion.
The company's co-founders include Sarah Paiji and Jinhee Ahn Kim.
One of the investors include Brian Lee (co-founder of ShoeDazzle).
Black Duck Software raises $12M
Black Duck Software, the leader in open source software knowledge,
adoption and governance, today announced it has closed a $12M round of
financing led by new investor Split Rock Partners, with participation
from its existing investors as well. The company, which has been
cash-flow positive since 2009, will use the funds to accelerate growth,
advance key development projects, continue acquisitions and expand its
Black Duck’s current investors also include General Catalyst
Partners, Volition Capital (formerly Fidelity Ventures), Flagship
Ventures, Focus Ventures, Intel Capital, SAP Ventures and Red Hat.
Crashlytics raises $1M in funding
Crashlytics, Inc. today announced it has raised $1M in Series Seed funding. Crashlytics is building the most powerful – yet
lightest-weight – crash-reporting solution to give mobile developers visibility into their apps’ performance.
When it comes to mobile application stability, developers have no real visibility into how their apps perform in customers’ hands. Some developers have built ad-hoc solutions only to find themselves overwhelmed with a vast amount of data and a sheer lack of insights. Crashlytics solves these problems, providing developers with detailed diagnostics about every issue, securely and in real-time, including the exact line number of code that the app crashed on.
Investment firms Flybridge Capital Partners and Baseline Ventures led the round. Angel investors include David Chang (COO at Where, a PayPal company), Lars Albright (cofounder of Quattro, now Apple iAds), Chris Sheehan (Managing Partner at
CommonAngels), Ty Danco (Founder, eSecLending and FX Aligned), Jennifer Lum (former VP at Quattro, now Apple iAds), Roy Rodenstein (founder of Going.com and a former Director of Business Planning at AOL), Joe Caruso (Managing Partner at
Bantam Group), and others.
Linkable Networks (formerly Clovr Media) raises funding
On the heels of an $8.3 million round of funding, the leader in linkable offers technology today announced a financial investment from Citi Ventures alongside a company name change from CLOVR Media to Linkable Networks, Inc., effective immediately. The investment from Citi Ventures, a unit of the global financial services company Citigroup, further validates the viability of Linkable Networks’ linkable offer platform (known as “Linkables”) that enables consumers to link store level and item level offers directly to their credit or debit card of choice.
Care.com raises $25M in funding
According to SEC filings, Care.com in Waltham, MA has raised $25M in funding. Care.com is the largest and fastest growing service used
by families seeking high-quality care providers, providing a place to
easily connect with hundreds of thousands of care providers, share care
giving experiences and get advice.
Investors in Care.com have included Matrix Partners, New Enterprise Associates, & Trinity Ventures, plus Reid Hoffman (LinkedIn founder) - who participated in the company's series A round of funding.
Skyword raises $1.35M in funding
As per SEC filings, Skyword in Boston, MA has raised $1.35M of a planned $2.75M round of funding. The Skyword platform automates the process of creating content designed for a search and social driven world. The platform is designed to decrease the cost of quality content creation and maximize its audience reach.
Aternity raises $13M in funding
Aternity Inc., the industry’s leader in end user experience management solutions for Global 1000 enterprises, announced today that it has closed $13 million in Series D funding led by new support from Investor Growth Capital (IGC). The round also included significant follow-on participation by all existing investors Vertex Venture Capital, Genesis Partners, Intel Capital, and Clal Industries and Investments LTD. The investment will further support the company’s exponential customer, partner, and revenue growth by delivering increased product innovation, while expanding its sales and marketing organizations.
QuietLogistics raises $5M in funding
As per SEC filings, QuietLogistics in Andover, MA has raised $5.15M in funding. QuietLogistics, which is also known as Scenic Technology Corporation, is a provider of robotic, white glove eCommerce fulfillment services by using equipment Kiva Systems.
Incentive Targeting raises $1.63M in funding
According to SEC filings, Incentive Targeting has raised $1.63M of a planned $4.5M round of funding.
Incentive Targeting is a startup based in Cambridge that provides a self-service web-based application to create, manage, and measure behaviorally targeted promotions across a growing network of grocery retailers. Incentive Targeting helps brands and chains collaborate around shopper insights with its industry-leading analytics tools, and provides the ability fo marketing managers to target shoppers and create promotions in minutes instead of weeks or months.