Funding
Matchbox 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.
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, 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, 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 Scottsdale, Arizona.
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.
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, 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, industry-leading corporations.
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.
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 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 software platform.
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™, 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, 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, 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 strategy.
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 incent.
MedVentive 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.
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, 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.
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).
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 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, 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.
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, 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 global presence.
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, 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.
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.
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.
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 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.
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.
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.