DealerRater raises $25M in funding
DealerRater, the world’s premier car dealer review website, announced today that it has received an equity investment from Great Hill Partners, a Boston-based private equity firm focused on growth companies. Great Hill Partners invested out of its $1.1 billion fourth fund. DealerRater will use the financing to continue its global expansion, accelerate product innovation and invest in additional sales and marketing resources. The company will continue to evaluate strategic acquisition opportunities, with additional equity capital available from Great Hill Partners. READ MORE
DraftKings raises $24M in funding
DraftKings, Inc., a leading provider of daily fantasy sports online and in mobile with offerings in fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey, has closed a $24M Series B round of funding led by Redpoint Ventures, with participation by GGV Capital, Atlas Venture, and BDS Ventures. DraftKings plans to use the money to fund marketing and acquisition, develop strategic partnerships, and to hire key talent. Featuring daily fantasy sports contests and same-day settlement, DraftKings makes playing fantasy sports simpler and faster for both seasoned and casual players. READ MORE
StudentUniverse Acquires WeHostels
StudentUniverse announced today that it has signed a definitive agreement to acquire WeHostels – a mobile travel agency that allows users to book budget accommodation through its best-in-class mobile applications. The announcement comes less than two months after StudentUniverse’s first international expansion into the UK. READ MORE
CoachUp raises $6.7M in funding
CoachUp, the nation’s leading private coaching company, has raised $6.7 million in its Series A round, co-led by venture capital firms Point Judith Capital and General Catalyst Partners.
“We are pleased to continue to support CoachUp — we love the marketplace they are building. There’s a significant opportunity for CoachUp to connect consumers with fitness professionals,” said David Fialkow, managing director of General Catalyst Partners, both a Seed and Series A investor. READ MORE
Ovuline raises $1.1M in funding
As reported by MobiHealthNews, Ovuline has raised $1.1M in funding from Lightbank Ventures, LionBird LTD, and Bullet Time Venture. Ovuline offers women a way to track fertility and pregnancy through mobile apps available on iOS and Android devices. READ MORE
Shuttersong raises $875K in funding
Shuttersong, whose app embeds music and sound into JPEG images, announced today that it has closed $875,000 in a second round of seed funding. The round is led by an established angel group consisting of individuals associated with the law firm of Bingham McCutchen LLP, and New England entrepreneurs Vincent D'Agostino, and Jere Doyle. The second round comes just over a month after the launch of the Shuttersong app and eight months following its initial $800,000 from many of the same angel investors in February, 2013. READ MORE
Mustbin raises $4.5M in funding
Mustbin today launched its mobile app of the same name for capturing and organizing life's most vital information and treasured moments. Available now for free in the Apple App Store, the Mustbin app is designed natively for iOS 7 and guides users through capturing and organizing both physical and digital information in secure "bins" that can be shared privately with family, friends or advisors. Bins are stored in the cloud and secured with the highest level of encryption. READ MORE
RallyPoint raises $5M in funding
In anticipation of Veteran's Day, as corporate recruiters and human resource professionals step up their efforts to recruit, hire, and retain military talent, RallyPoint announced it has raised $5 million in venture capital to accelerate development of corporate talent solutions for its fast-growing professional military networking platform. READ MORE
Sold acquired by Dropbox
As per their blog post: Hi, friends! We're very excited to announce that Sold has joined Dropbox! As of today, our service will no longer be accepting new items.
We'd like to sincerely thank all of our loyal friends and customers who have helped us, supported us, and spread the love for us through this amazing endeavor. We started Sold to provide people with a service that took the burden of selling off their shoulders - by doing all the dirty work for them.
But even beyond that, we wanted to create something that affected people in a positive way. Something they had an emotional connection with. Something they trusted. After spending time with Drew and Arash, we decided that the move to Dropbox couldn’t be better – their roadmap includes exciting new experiences which align perfectly with our ethos of creating products that positively affect people. READ MORE
Snapverse raises $3.5M in funding
As reported by TechCrunch, Snapverse in Boston, MA has raised $3.5M in funding from John Hannan of Apollo Management. Snapverse lets you combine short videos with your favorite music to make a 20-second bite of awesomeness on your iPhone.
Openbay raises funding
As reported by TechCrunch, Openbay in Cambridge has raised funding from Google Ventures, a16z seed, Boston Seed Capital, and Stage 1 Ventures, among others. Openbay is transforming the way people get their vehicles repaired. Submit an auto service, review offers, select the provider that best meets your needs, book your appointment. Fast, convenient and great savings on repair and maintenance services.
Panorama Education raises $4M in funding
Panorama Education, which helps K-12 schools improve through data analysis and feedback surveys of teachers, parents and students, announced today that it has raised $4M in seed funding. The round was co-led by Mark Zuckerberg's Startup:Education and Jeff Clavier's SoftTech VC, with additional participation from Google Ventures, Ashton Kutcher's A-Grade Investments, Yale University, and others. This is Startup:Education's first national equity investment. READ MORE
ImpulseSave acquired by Betterment
Our mission at ImpulseSave has always been to build a great product that would help improve the financial lives of our customers. With that mission in mind, we couldn’t be more excited to join the Betterment team. They share our belief that great technology paired with thoughtful design can enable us to make smarter financial decisions and reach better outcomes. READ MORE
Fancred raises $1.5M in funding
Fancred, a Boston, MA-based sports social network, raised $1.5m in seed funding. Backers included Atlas Ventures, Militello Capital, Star Power Partners, and some unnamed angel investors. The company intends to use the funds for user base growth, product development and partnership set up. READ MORE
Staples acquires Runa
Staples (NASDAQ: SPLS), the world’s second largest internet retailer, announced today it has completed the acquisition of Runa, a software company based in San Mateo, Calif. that helps online retailers increase sales by personalizing the shopping experience. Terms and conditions of the acquisition were not disclosed.
“Runa has a unique platform and outstanding talent with experience in e-commerce and online marketplaces,” said Ronald Sargent, chief executive officer and chairman, Staples. “With Runa, we’re adding technology to better serve our customers with personalized items, offers, and delivery estimates, all in real-time. Runa will allow us to tap into the wealth of engineering and e-commerce expertise in the Silicon Valley area.” READ MORE
BiddingForGood raises $2.1M in funding
As reported by the Boston Business Journal, BiddingForGood in Cambridge, MA has raised $2.1M in funding. The investment comes from Morningside Technology Ventures and other previous investors. BiddingForGood is a charitable e-commerce company that connects fundraisers, shoppers and businesses. READ MORE
CO Everywhere raises $550K in funding
As per SEC filings, CO Everywhere has raised $550K in funding. CO Everywhere is an app that lets you follow the social activity happening in a specific location, anywhere in the world. READ MORE
HourlyNerd raises $750,000
As reported by the NYTimes, HourlyNerd in Boston, MA has raised $750,000. Investors include Mark Cuban, Accanto Partners, and Connect Ventures. HourlyNerd is a marketplace that connects MBAs and small businesses seeking consulting, financial and accounting advice. READ MORE
StarStreet raises $1.4M in funding
As per SEC filings, StarStreet has raised $1.4M towards a potential $2M round of funding. StarStreet is a platform for sports fans to play fantast sports for real money. READ MORE
Locu acquired by GoDaddy for a reported $70M
From Locu's blog: At Locu, our mission is to help local businesses thrive by better connecting merchants with customers. We’re happy to announce our next step in furthering this mission: Locu will be joining the GoDaddy family.
We’ve been close partners with GoDaddy since earlier this year, and we’re excited to join them to continue building the best experience for local businesses to be found online. As the world’s top platform for small businesses, GoDaddy brings unparalleled leadership and expertise for us to jointly transform the way small businesses use technology and to help them grow. READ MORE
Drync raises $900K in funding
Drync, a top wine app developer, today launched its full-featured wine discovery and e-commerce mobile app that allows users to buy nearly any wine instantly by snapping a photo of the label. Likened to "Shazam for Wine," Drync users can learn about, track, share, and buy their wine in seconds using an iOS mobile device. Emerging from beta, Drync now has a network of fulfillment partners with over 30,000 wines available for sale to consumers in 41 states.
Drync also announced that is has secured $900k to expand fulfillment and marketing, and further develop the product. Investments come from angel investors, including Mark Hastings, managing partner of Garvin Hill Capital Fund, financial industry executive Jack Remondi and Andrew Moss, founder of BuyWithMe. READ MORE
Wanderu raises $2.45M in funding
Wanderu, a Boston, MA-based bus and train travel search startup, raised $2.45m in Series A funding. The round was led by Alta Ventures with participation from Jeff Clarke, Bill Kaplan, Semyon Dukach, Drummond Road Capital, among others. Craig Lentzsch, Former CEO of Greyhound, and Rogelio De los Santos, AVM’s partner, will join the board of directors in conjunction with the funding. READ MORE
DraftKings adds $3M in additional funding
As per SEC filings, DraftKings in Boston has raised an additional $3M in funding to their previous round of $7M in funding. DraftKings is an online fantasy sports company. Our core product is a 1-day Fantasy Sports Contest, where users compete against each other to win cash prizes. READ MORE
Diversified Agency Services acquires and integrates Promise Corporation with Communispace
Diversified Agency Services (DAS) announced today that it has acquired the London-based innovation and co-creation consultancy, Promise Corporation. DAS plans to fully integrate Promise into Communispace, the online insight community leader it acquired last year.
“We have been watching Promise for years, as they have mastered co-creation and helped executives act intelligently based on what they learned from consumers,” said Diane Hessan, president and CEO of Communispace. “Everything about our business is focused on doing great work that matters, and the experience and dynamism of the Promise team is going to help us make our work matter even more for our clients.” READ MORE
Spring Partners raises $4M in funding
Spring Partners has raised $4M in funding from Fairhaven Capital. Spring Partners is the creator of Springpad, a social, smart cloud-based application that helps you discover, save, share and act on the things that matter most.
Wayfair.com Acquires DwellStudio
Wayfair.com, the largest online retailer of home furnishings and decor, today announced it has acquired DwellStudio, a lifestyle retailer known for groundbreaking design and impeccable quality in modern home furnishings with expertise in upholstery, case goods, furniture and textiles for baby, kids and home. The acquisition further strengthens Wayfair.com's leadership position in home retail by adding a popular lifestyle brand with core competencies in original design and product development. The deal will accelerate Wayfair.com's launch of proprietary product lines and lifestyle brands in 2013 while addressing new market segments. READ MORE
Flashnotes acquires NoteUtopia
As per the company blog - In parallel with the funding, Flashnotes has acquired NoteUtopia, a California-based online community for buying and selling class notes. The merger brings Flashnotes additional Universities, class-specific content and student members. The integration of the two companies will be complete for the Fall 2013 semester. READ MORE
Flashnotes raises $1.5M in funding
Flashnotes, the online student-to-student marketplace for buying and selling class study material, has closed a seed round extension of $1.5M. The financing was provided by new investor Nicole Stata of Boston Seed Capital, return investors Ryan Moore of Atlas Venture, Jordan Levy of Softbank Capital, and angels Deborah Quazzo, Jere Doyle and Bob Mason. READ MORE
Nifti raises $800K in funding
Can a small startup become the consumer's hub for online shopping? A group of investors led by Google Ventures and Otto Capital believes that Nifti has the potential to become just that. With $800,000 in seed funding, Nifti today unveiled a new shopping service designed to help consumers save money by tracking discounts on the products they want to buy. Nifti lets shoppers follow any product they find on any website, and then notifies them when these items drop to the price they want to pay. READ MORE
Jana raises $15M in funding
Publicis Groupe [EURONEXT Paris: FR0000130577] is making a $15 million strategic investment in Jana Mobile, the global company that rewards consumer action in emerging markets such as Brazil, India, Indonesia and Nigeria. This is the first direct investment Publicis Groupe has made in a mobile technology startup, and as part of the $15 million investment, Publicis Groupe Charmain and CEO Maur ice Lévy will join Jana’s Board of Directors. Rishad Tobaccowala, Chief Strategy and Innovation Officer of VivaKi, will join Jana’s Board of Advisors. READ MORE