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
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
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
Fashion Project Raises $7.2M in Funding
As reported by Boston Business Journal, according to a regulatory filing, Fashion 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
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.
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
Wayfair Goes Public
Wayfair, one of the world’s largest online destinations for home furnishings and décor, today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $29.00 per share. A total of 10,500,000 shares are being offered by Wayfair, and a total of 500,000 shares are being offered by certain selling stockholders. In addition, the underwriters have been granted a 30-day option to purchase an additional 1,650,000 shares of Class A common stock from the selling stockholders.Wayfair will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on October 2, 2014, under the symbol "W." ...READ MORE
Ubersense is Joining the Hudl Team
We founded Ubersense in 2011 with the vision of putting world-class coaching in everyone’s hands. We have made great strides towards this vision: the app has been downloaded more than 2.5 million times and coaches and athletes in over 50 sports in 150 countries use our performance analysis tools. We have been humbled by stories of success including Olympic teams relying on Ubersense to win medals, NFL teams using the app during practice and even a blind baseball team using video to prepare for a national tournament.
That said, we have a lot more to do. Today, we are thrilled to announce that we have been acquired by Hudl. Hudl is the leading provider of game breakdown and video analysis software for sports teams. Their software is used by more than 55,000 teams worldwide, including teams in the National Football League, National Basketball Association, English Premier League and over 15,000 high schools and universities. READ MORE
ezCater raises $2.16M in funding
As per PandoDaily, ezCater in Boston, MA has raised $2.16M in funding. ezCater is a nationwide online food ordering service for businesses. READ MORE
Tablelist Secures Additional $500K
As reporteed by BostInno, Tablelist, an app where club goers can book tables for bottle service at their favorite venues safely and securely through their mobile devices, has secured an addtional $500,000. READ MORE
DraftKings Closes $41M Round & Acquires StarStreet
DraftKings, Inc., today announced that it has closed a $41 million Series C round of funding led by The Raine Group, with participation from existing investors Redpoint Ventures, GGV Capital, and Atlas Venture. DraftKings also announced that it has acquired the principal assets of Cambridge, Mass.-based daily fantasy site StarStreet, further bolstering its status as the largest U.S.-based online destination for daily fantasy sports. Terms of the deal were not disclosed.
DraftKings will use the Series C funding to further enhance its mobile and online destinations, bolster its base of users, continue to attract highly skilled employees, and offer a richer variety of sports with increased guaranteed contest prizes, including its NFL Fantasy Football Millionaire series. In this first-of-its-kind contest, DraftKings will award four players $1 million in four months—the span of the NFL regular season... READ MORE
LTG Exam Prep Platform raises $3M in Funding
LTG Exam Prep Platform, an education technology startup company out of MIT, announced today a combined investment of $3 million from Tal Education Group, Atlas Venture, Jamie McCourt, Margot Carter, Yongjin Group and Zhen Fund. The investment will fund the company’s continuing development of mobile study apps that provide comprehensive yet affordable standardized test prep tools to students around the world. The apps use proprietary algorithms developed at MIT to create personalized study courses for each app user. Cognitive games designed to teach test skills while providing an engaging break from studying are also in development...READ MORE
Fancred Secures $3 Million Funding Round
Fancred, an app that lets users capture their favorite sports moments and connect and interact with a community of fellow fans, announced today the completion of a $3 million financing round led by existing shareholders, Atlas Ventures and Militello Capital, as well as first time participant Breakaway Innovation Group.
Fancred was founded by Hossein Kash Razzaghi, Jeremy Merle, and Craig Johnson (all of whom previously worked at Brightcove), and Michael Pan. READ MORE
Wayfair Files S-1 with the SEC for an IPO
As per the company's SEC filings, Wayfair in Boston, MA has filed an S-1 for a public offering which could raise $350M. Investors in the company include Battery Ventures, Great Hill Partners, Spark Capital, HarvourVest Partners, and T. Rowe Price Associates. Wayfair is an eCommerce company focused on the home furnishings market... READ MORE
Gazelle Raises $9.5M in Funding
As reported by BostInno, Gazelle has raised $9.5M in funding from existing investors Venrock, RockPort, Physic and Austin Ligon (founder of CarMax). Gazelle is the nation's leading consumer electronics trade-in site, providing an easy, fast and safe way for consumers to get cash for their unwanted devices. READ MORE
Happier Adds $2 Million
As reported by BetaBoston Happier adds $2 Million in Funding. Happier is a mobile app that encourages people to find happy moments in every day, share with friends and family, and be inspired to do more of what makes you happier. READ MORE
EyeNetra Raises $4M in Funding
As per SEC filings, EyeNetra in Somerville, MA has raised $4M in funding. EyeNetra develops mobile phone eye diagnostics that measures the correction of users' vision. The first device is called NETRA-G, consisting of a low cost clip-on eyepiece that attaches to a smart phone and allows anyone to administer a simple and quick eye test for nearsightedness, farsightedness and astigmatism, and receive measurements for an eyeglass prescription...READ MORE
TripAdvisor Acquires Viator
TripAdvisor ®, the world's largest travel site*, today announced it has entered into an agreement to acquire Viator, a leading resource for researching and booking destination activities around the world. Viator features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers...READ MORE
Karmaloop Receives $13M
Karmaloop, a Boston, MA-based multi-platform online retailer that specializes in streetwear fashion, received a $13m senior facility from CapX Partners.
The company intends to use the funds to enhance operating initiatives and maintain its market position. READ MORE
Tablelist Raises $1.5M
As reported by BostInno, Tablelist, an app where club goers can book tables for bottle service at their favorite venues safely and securely through their mobile devices, has raised $1.5M. READ MORE
Care.com Acquires Citrus Lane
Care.com (NYSE: CRCM), the world’s largest online destination for finding and managing family care has acquired Citrus Lane, the leading social commerce platform designed for moms. The acquisition has been completed for consideration of $22.9 million cash and $8.1 million in equity at close. The agreement also provides for up to an additional $17.6 million in earn out payments of cash and equity over the next two years subject to Citrus Lane’s achievement of certain milestones in 2015 and 2016.
Based in Mountain View, CA, Citrus Lane is the leading subscription-based social commerce service selling curated products to families on a monthly basis. The company sources and reviews every product it recommends, while also encouraging parents to share information on their favorite product discoveries... READ MORE
DraftKings Acquires DraftStreet
DraftKings, Inc., a leading provider of online and mobile daily fantasy sports, today announced it has acquired New York-based fantasy sports site DraftStreet. The deal combines the two largest US-based daily fantasy sports providers, immediately expanding DraftKings’ customer base by more than 50 percent, while providing the industry’s broadest range of daily fantasy sports offerings. Financial terms of the deal were not disclosed.
Nearly 37 million people in the United States and Canada—nearly 1 in 8 adults and 1 in 5 males—play fantasy sports. Daily fantasy sports are a burgeoning component of this multi-billion dollar market. READ MORE
Smart Lunches Raises $4.4M in funding
As per SEC filings, Smart Lunches in Boston, MA has raised $4.4M in funding. Smart Lunches is an online meal service that brings fun, nutritious, high-quality lunches to kids... READ MORE
OnHand Raises $500K SEED Round
As reported by BostInno OnHand Raises $500K SEED Round.
OnHand, a tech accessories company that was started in a Babson College dorm room and grew up in the MassChallenge Accelerator (2012 Finalist), has raised a seed round of $500,000 through private investment