Metromile Raises $10M in Funding
As per SEC filings, Metromile in San Francisco, CA has raised $10M in funding. Metromile is building a platform for services designed around the needs of drivers—everything from useful data and insights to a revolutionary pay-per-mile insurance offering... READ MORE
Metromile Raises $4M in Funding
A Bay Area startup called MetroMile Insurance Services LLC has raised $4 million in Series A funding to sell car insurance by the mile, with a high-tech twist.
"The less you drive, the less you pay," says Chief Executive and Co-Founder Steve Pretre. The CEO hopes to incentivize people to make healthy and green lifestyle choices like riding their bikes to work, for example, or using public transportation when reasonable....READ MORE
M.Gemi Raises $14M
Ben Fischman, founder of flash sale fashion site Ruelala, has raised a $14 million seed and series A round for a new startup, M.Gemi.
M.Gemi launched Tuesday to make beautiful Italian shoes more affordable for international markets — like American shoppers. Fishman says hand-crafted shoes made in Italian factories often cost $500 to $2,000. M.Gemi's cost between $98 and $300.
Investors include General Catalyst, which also invested in Ruelala, Forerunner Ventures and Breakaway Ventures. READ MORE
WiGo Raises $1.5M In New Funding
Wigo Extends Seed Round With $1.5M In New Funding Led By Great Oaks Venture Capital
Wigo, the "who's going out" app for college students, today announced that it has closed a $1.5M extension of its seed round of funding led by Great Oaks Venture Capital. Other investors in the round include Greylock Partners, GGV Capital, Blade, KEC Ventures, as well as angel investors including Jean Pigozzi and Brian Guttman. This extension follows an initial seed round of $550k that the startup raised in the summer of 2014 with investors including Tinder co-founders Sean Rad and Justin Mateen, Kayak.com founder Paul English, Facebook's first sales guy Kevin Colleran, and Super Bowl champion Vince Wilfork.
"The entire Wigo team is excited to have such great partners supporting our mission to change the way students plan their social lives. We want to build an app that college kids physically can't function without," said Ben Kaplan, Wigo's founder and CEO. "We've seen some awesome initial traction across college campuses thus far, but we think this is just the tip of the iceberg." READ Full Release
* Read More about WiGo in VentureFizz's coverage from their launch.
Ditto Labs Raises $1.3M
As reported by Sara Castellanos at Boston Business Journal, Ditto Labs, a Cambridge-based startup that offers businesses analytics on social media photos with brand names and logos in them, has raised $1.3 million, according to a March 3 regulatory filing. READ MORE
Linkable Networks Raises $11.7 Million in Funding
Linkable Networks today announced $11.7 million in funding along with three key executive team hires as the company positions itself for accelerated growth in 2015. In addition to driving enhancements to its core platform, the additional working capital enables Linkable to scale its direct to consumer loyalty platform that allows retailers and CPG brands to engage the next generation of shoppers.
To support acceleration and product enhancement, Linkable is planning to double its staff over the next six months with a focus on expanding development, client support and sales. The company welcomes three senior executives to its leadership team... READ MORE
Workable Raises $5M
Workable, the software of choice for SMBs looking to take their hiring online, has secured $5m of additional funding from its existing investors. Workable enables smaller companies to post to multiple jobs boards, review candidates and schedule interviews.
Workable is persuading people to switch from spreadsheets and email to affordable hiring software. It saw a tenfold growth in revenues last year by putting tools that used to be the preserve of large organizations within realistic reach of SMBs. READ MORE
FamilyID Raises $850,000
FamilyID, Inc., a Waltham, MA-based online registration and payment platform for all types of programs such as schools, camps, teams and clubs, raised $850k in its first institutional round.
The round was led by Boston Seed Capital with participation from CommonAngels Ventures. In conjunction with the funding, Peter Blacklow, a senior Partner at Boston Seed Capital and formerly the president of WorldWinner, a subsidiary of GSN (Game Show Network), is joining the FamilyID board. READ MORE
Lineage Labs raises $4M in funding
As reported by The Boston Business Journal, Lineage Labs has raised $4M in funding. Investors in the round include Paul English's Blade, The Kraft Group, CommonAngels Ventures, and Windspeed Ventures. Lineage Labs' first product is called Bevy, which is creating new ways for families to experience digital photos and video... READ MORE
GrubHub Acquires DiningIn
GrubHub GRUB 3.08% is a $3 billion company known for helping to connect hungry users with restaurants that will deliver them food. Now GrubHub wants to deliver the meals itself, in a major preemptive move against on-demand delivery aspirants like Google GOOG 1.73% and Amazon AMZN 0.19% .
The Chicago-based company already had been testing its own service in three markets — San Francisco, Los Angeles and Chicago — but this morning announced that it has acquired DiningIn (based in Brighton, Mass.) and signed an agreement to acquire Restaurants on the Run (Aliso Viejo, Calif.). The two deals are worth approximately $80 million, and mean that GrubHub will be executing deliveries for nearly 3,000 restaurants in around one dozen U.S. metro markets. READ MORE on Fortune
Iora Health Raises $6.3M in Funding
As per SEC filings, Iora Health in Cambridge, MA has raised $6.3M in funding. Iora Health is building a new model of primary health care delivery from the ground up to ensure radically improved customer service, better health outcomes, and dramatically lower overall health care costs... REAM MORE
TripAdvisor Acquires ZeTrip, Inc.
TripAdvisor(R), the world's largest travel site*, today announced it recently acquired ZeTrip, Inc., including its product Rove, the personal journal app that helps users log activities including places they have visited and photos they have taken. ZeTrip employees have moved into the TripAdvisor Palo Alto office and have integrated with the TripAdvisor mobile team.
"We are pleased to welcome the innovative ZeTrip team to the TripAdvisor family," said Adam Medros, senior vice president, Global Product, TripAdvisor. "The team will be a valuable addition to our mobile group and we look forward to integrating the company's technology to further enhance the experience for TripAdvisor mobile app users." READ MORE
Fitbit raises $2M in Funding
Fitbit, producer of a sleek little device that clips onto your clothing and tracks your movement throughout the day and night, has raised $2 million from True Ventures, SoftTech VC and several angels in what appears to be the company’s first round of institutional funding...READ MORE
Fitbit raises $12M in Funding
Fitness technology startup and TechCrunch 50 finalist Fitbit has raised $12 Million in Series C funding from existing investors Foundry Group, True Ventures, SoftTech VC and Felicis Ventures...READ MORE
Fitbit raises $8M in Funding
Fitness technology startup and TC 50 finalist Fitbit just raised $8 million in funding, judging by this recent SEC Form D filing. According to information gleaned from the document, the $8 million looks to be part of a Series B round that the company hopes will eventually top out at $9 million...READ MORE
Fitbit raises $43M in Funding
Fitbit, a startup which makes a wide range of digital fitness trackers and health devices, has closed a $43 million funding round, according to an SEC filing. The funding comes as the market for health trackers is heating up, with more money being invested in the space... READ MORE
Teespring acquires Fabrily
Our mission at Teespring is to remove the barriers between great ideas and bringing those ideas to market. That means enabling entrepreneurs to reach the right audience for their idea, wherever that audience might be.
Today I’m thrilled to announce that Fabrily, Europe’s leading custom apparel platform, will be joining the Teespring family...READ MORE
WHOOP Raises $3M in Seed Funding
As per SEC filings, WHOOP (formerly known as Bobo Analytics) has raised $3M in seed funding. Whoop is a technology and data analytics company for performance optimization. READ MORE
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy expands into footwear manufacturing business with Micro Shoery
ShoeBuy, a leading global online retailer of shoes and clothing for shoppers seeking the best variety and brands, today announced it has acquired a minority stake in Boston Boot Company. The acquisition marks ShoeBuy’s expansion into the footwear manufacturing business, and provides an opportunity for the company to directly deliver superior products to its customers.
“We are excited to acquire a stake in Boston Boot Company to uniquely expand ShoeBuy’s foothold in all things shoe-related. Boston Boot Company, with its commitment to and passion for quality, brings a new business, new expertise and new opportunities to ShoeBuy,” said Mike Sorabella, ShoeBuy CEO. “With both companies rooted in Boston and strongly committed to delivering a great customer experience – the fit was natural.”
Boston Boot Company’s mission is to craft high-quality boots for men, using the best ingredients in small batches, for customers who appreciate a well-made product. With Shoebuy’s proven track record of innovation in operations, fulfillment and marketing, it is well-positioned to expand the distribution of the Boston Boot products very quickly.
“At its core, Boston Boot Company, is a micro or ‘craft shoery.’ We use the finest materials, take incredible pride in our product from the eyelets to the insoles, and strive to produce superior boots for our customers,” said Joe Lyons, Boston Boot Company Co-Founder. “We are thrilled with the opportunity to benefit from ShoeBuy’s eCommerce expertise and broad reach to ensure maximum exposure for our brand. This partnership allows us to focus on making great boots – one pair at a time.”
Boston Boot Company, founded by Joe Lyons and Joe Prew, began like many start-ups with a few passionate people driven by a common goal; the team’s sole commitment is to create boots that are stylish, comfortable and durable. Initially financed through a creative fundraising campaign via Kickstarter in 2013, the first boots were shipped in Spring 2014. The company now offers several collections, each designed with classic, rugged and independent spirit. Now, the complete Boston Boot Company product line is available at ShoeBuy.com, bringing the brand to millions of shoppers.
Financial details of the deal were not disclosed.
With more than one million products for customers to choose from, ShoeBuy is a leading global retailer for shoes, clothing and accessories for shoppers seeking the best variety and brands. The ShoeBuy customer experience extends beyond shoes through the company’s broad portfolio of products, as well as the exclusive Events.ShoeBuy.com featuring invitation-only private sales. ShoeBuy.com was founded in 1999 and is an operating business of IAC (Nasdaq: IACI). Learn more at shoebuy.com, connect with us on Twitter @ShoeBuy, follow us on Pinterest or visit our Facebook page.
About Boston Boot Company
Founded in 2013 and headquartered in Massachusetts, Boston Boot Company brings men new choices in boot options. Combining craftsmanship, comfort and innovation, Boston Boot Company’s line of Horween leather boots is classic in design, while providing a level of durability and comfort not often found in casual boots. The company was founded by Joe Prew and Joe Lyons. Learn more at bostonbootco.com.
Testive Announces $500k Bridge Round of Funding
Testive, an edtech company that makes an online platform to improve standardized test scores, announced today that it has closed a bridge round of $500k to expand marketing and sales outreach to parents, students, and guidance counselors.
Developed at MIT by co-founders Tom Rose and Miro Kazakoff and launched in 2011, Testive’s software uses adaptive learning algorithms to identify student strengths and weaknesses and generates responsive questions at the appropriate difficulty level to build students’ key skills rapidly. “It’s like lifting the right weights at the gym,” said Testive Co-Founder and CEO Tom Rose, “it makes students stronger, faster.” READ MORE
Breakaway Acquires Crunch Brands
We are excited to announce that Breakaway has acquired the agency Crunch Brands, an exceptional multi-disciplinary team led by our new Chief Marketing Officer, Ted Schlueter.
Our mission has always been to help drive value for our portfolio companies and clients. Sometimes that’s investing capital or placing talent. Often it’s developing a new brand strategy, building exceptional creative assets, and activating it across a community. There is always a place these businesses want to go. It might be dominating their category, exponential growth or building towards an IPO. Whatever it is, we have engineered an incredible machine to get them there faster. READ MORE
*Learn more about Breakaway's story in our interview with Baldwin, CEO & Schlueter, CMO after the acquisition - HERE
True Fit Raises $15M
True Fit, a Woburn, Mass.-based retail SaaS company allowing consumers to discover apparel and footwear styles that fit, raised $15m in equity funding.
The round was led by Signal Peak Ventures, Promus Ventures and Jump Capital, with participation from existing investors Guggenheim Partners, Breakaway Ventures and Novel TMT. READ MORE
OpportunitySpace Secures $500,000 Seed Round
The founding team at OpportunitySpace is thrilled to announce that we have secured $500,000 of our first outside funding for our seed round from a diverse set of real estate industry related investors. OpportunitySpace is an online marketplace for urban development opportunities (www.opportunityspace.org). Our team works in close partnership with city and town governments as well as other public entities to identify and drive creative redevelopment to undervalued property in urban areas.
OpportunitySpace CEO Alexander Kapur says, “Our funding validates the investment potential in the surging real estate and public sector technology verticals. More broadly, it signals strong support for ventures that are solving urban issues, such as disinvested real estate. We hope this inspires entrepreneurs and investors who are pushing innovation for cities and towns.” READ MORE
TripAdvisor Acquires Iens
TripAdvisor has agreed to acquire top Dutch online restaurant review and booking sites Iens, the companies said on Thursday, giving the travel website a leading position in the Netherlands.
Iens.nl, which has reviews of 20,000 restaurants and roughly 20 million annual visitors, allows users to book tables through SeatMe, which will also be acquired by Tripadvisor. READ MORE
Learn more about TripAdvisor on their VentureFizz BIZZpage!
Splitwise Raised $1.4M
I’m happy to announce today that Splitwise has raised $1.4MM in new seed funding from leading tech investors. Raising outside money means we can continue to invest in building the world’s best product for reducing the stress of money in relationships. Hooray! READ MORE
Dunwello Adds Funding
As reported by BostInno, Dunwello adds funding.
New investors include Jeff Seibert and Wayne Chang of Twitter, and HubSpot co-founder/CTO Dharmesh Shah and Dave Balter. READ MORE
Pencil Labs Acquired by Airbnb
As reported by Scott Kirsner of BetaBoston, Pencil Labs in Cambridge has been acquired by Airbnb. Pencil Labs which created Wyth, a scheduling app and the company was founded by Carla Pellicano and Han Shu. As reported by Scott, both co-founders have relocated to San Francisco... 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
Smarterer Acquired by Pluralsight for $75 Million
Utah-based Pluralsight today announced that it has acquired Boston-based Smarterer, an innovative skills assessment company, for $75 million.
Dave Balter (CEO) and Mike Kowalchik (CTO) founded Smarterer in 2010 with the mission to allow anyone, anywhere to prove their professional skills through credible verified scores.
Smarterer helps people manage the gap between the skills they have and the skills they need. By leveraging a library of the freshest crowdsourced tests, the company’s dynamic assessment engine can quantify anyone’s skill in as few as 10 questions and 120 seconds. 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