CustomMade raises $18M in funding
CustomMade, the online marketplace for one-of-a-kind goods, announced today that it has secured $18 million in additional funding. The round was led by Atlas Venture and returning investor, Google Ventures, with participation from Schooner Capital, Next View Ventures, First Round Capital and Launch Capital. As part of the financing, Fred Destin, a partner at Atlas Venture, and Rich Miner, a partner at Google Ventures, will join the board. The new funding will be used to expand on CustomMade’s already dominant position in the growing market for custom-made goods. READ MORE
Swipely raises $12M in funding
On June 1st, 2012, Swipely launched our platform to help local
merchants accept payments, understand customers and grow sales. It’s
been an exciting ride ever since, and we’re proud to have been named to
Forbes’ 100 list of “America’s Most Promising Companies” and one of the
“Best Places to Work in Rhode Island” by Providence Business News this
Swipely now manages more than $700 million in annual sales to help
hundreds of merchants in 130 cities better understand 2 million
customers. These merchants are the lifeblood of their neighborhoods,
creating spots where we love to meet up, eat and shop. READ MORE
Rakuten takes a majority stake in The Grommet
Today Daily Grommet,
the online marketplace and product launch platform for undiscovered
consumer products, announces the second tranche of investment by Rakuten,
the third largest online marketplace in the world, and a rebrand that
includes a name change to The Grommet. This investment makes Rakuten the
major stakeholder in the business. This significant news in The
Grommet's history marks the company's success in levelling the playing
field so that the best products and companies coming out of the
"hardware renaissance" can succeed. The Grommet's disruptive business
model gives consumers a trusted place to engage with the stories and
people behind the explosion of new consumer products. It does so by
discovering, launching, and sharing up-and-coming products with an
emerging e-commerce shopper looking for meaningful products to buy
online. READ MORE
OrderMotion acquired by NetSuite
NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based
financials / ERP software suites, announced today that it acquired
OrderMotion Inc., a leader in order management solutions based in
Burlington, Mass. The acquisition of OrderMotion’s cloud-based
Direct-to-Consumer (D2C) Order Management capabilities add to NetSuite’s
cloud-based industry-leading order management system,
furthering NetSuite’s focus on this increasingly important and complex
business challenge. The terms of the acquisition were not disclosed. READ MORE
DraftKings raises $7M in funding
DraftKings, Inc., a leading provider of daily fantasy sports online with
offerings across the board in fantasy baseball, fantasy football,
fantasy basketball, and fantasy hockey, has closed a $7M Series A round
of funding led by Atlas Venture. DraftKings plans to use the money to
continue to perfect the customer experience and to broadly market its
online and mobile offerings in short-term fantasy sports play. Featuring
daily fantasy sports contests and same-day settlement, DraftKings makes
playing fantasy faster and more exciting for both seasoned and casual
players. Launched on April 28, 2012, the funding announcement comes
right as the company is celebrating its first anniversary. READ MORE
Fashion Project raises $1.8M in funding
As reported by TechCrunch, Fashion Project in Boston, has raised $1.8M in funding from Atlas Venture, High Peak Ventures, Schooner Capital, and other angel investors. Fashion Project is an eCommerce site where you can done and shop for designer labels with a portion of every sale going to charity.
TripAdvisor acquires Jetsetter.com
Inc. today announced it has acquired Jetsetter.com, a leading
members-only private sale site for hotel bookings. The Jetsetter brand
will continue to operate out of New York City and will be incorporated
into Smarter Travel Media.
"Jetsetter is an outstanding brand and I am absolutely delighted to
welcome the Jetsetter team to the TripAdvisor family," said Steve
Kaufer, co-founder and CEO TripAdvisor, Inc. "With Jetsetter and our
own SniqueAway brand, we now have two leading travel private sale sites
under one roof. We are excited by the opportunities this provides to
continually help drive amazing value for our travelers staying at some
of the world's most highly-rated hotels."
Plastiq raises $6M in funding
Plastiq, an online payments solution provider based in
Boston, Massachusetts with offices in Toronto, Canada has closed a $6M round of
Series A financing. The round was jointly led by venture capital firms Atlas
Venture and Flybridge Capital Partners. Investors from the previous round,
NextView Ventures and Greenoaks Capital Management LLC, also participated
alongside angel investors including Harvey Golub, former Chairman and CEO of
Sonicbids acquired by Backstage
LLC, the world's most trusted name in casting, auditions and
entertainment-industry opportunities, today announced that it has
the leading platform for bands to connect with promoters and market
themselves online. The deal, financed by Guggenheim
Partners, combines the two leading entities for actors, musicians,
casting directors and promoters to showcase and discover talent. Terms
of the transaction were not disclosed.
Backstage and Sonicbids come from the same heritage of matching artists
with opportunities. For more than 50 years, Backstage has been the
world’s most trusted name in casting, auditions and
entertainment-industry opportunities. It helps actors, singers and
dancers find opportunities, while connecting casting directors,
producers, directors and choreographers with amazing talent.
LoopIt raises initial funding
Redstar Ventures, a Cambridge-based “venture foundry” announced on Wednesday that the early-stage venture capital fund Avalon Ventures has led an investment in LoopIt, an operating company from Redstar Ventures. The investment is the first external seed funding for LoopIt and will be used for research and development of its “conversation engine,” which is designed to help consumers tap friends across their social networks for advice when shopping online. Redstar said LoopIt is just one of the operating companies it will formally announce in 2013.
Kitsy Lane raises $3.5M in funding
Kitsy Lane, a Maynard, MA-provider of a social commerce platform for at-home entrepreneurs, has raised $3.5m in a Series A funding. The round was co-led by Data Point Capital and Longworth Venture Partners, with participation from existing investor Point Judith Capital. In conjunction with the funding, Data Point Capital’s Scott Savitz, will be joining the company’s Board of Directors.
Launched in July 2012 by CEO Andy Fox, Kitsy Lane provides a social commerce platform that is designed to enable store operators to quickly launch their own Internet jewelry and accessories boutique. In just five months since the launch, the Kitsy Lane community has grown to over 22,000 women owned and operated businesses.
Wayfair raises $36M in funding to fuel growth of Joss & Main
Wayfair.com the largest online retailer of home goods and furnishings, announced today that it has secured $36.3 million in new equity financing to fuel the growth of Joss & Main (jossandmain.com),
the company's private sale site for the home. Joss & Main has
acquired nearly three million members and is operating at a $100 million
annual revenue run-rate to become the fastest growing flash sale site
for home goods and furnishings. Investors include Battery Ventures,
Great Hill Partners, HarbourVest Partners and Spark Capital.
Priceline to acquire Kayak in $1.8B deal
Priceline.com Inc. plans to buy online travel-research
company Kayak Software Corp. for $1.8 billion to expand its travel
Priceline will pay about $500 million in cash and $1.3
billion in stock and assumed options. The deal values Kayak at $40 a
share, a 29 percent premium over its closing price Thursday.
of Kayak — which also reported a 78 percent jump in third-quarter
earnings — soared in after-hours trading while Priceline shares fell.
Litle & Co. acquired by Vantiv for $361M
Vantiv, Inc. (NYSE: VNTV),
a leading provider of payment processing services and related
technology solutions for merchants and financial institutions of all
sizes, announced today that it has signed an agreement to acquire Litle
& Co. for $361 million. Litle &
Co. is a leading independent eCommerce payment processor, providing a
fully-integrated payments solution for companies that sell goods and
services to consumers over the internet and through direct response
The acquisition of Litle & Co. significantly increases Vantiv's
capabilities in eCommerce, expands its customer base of online
merchants, and enables the delivery of Litle's innovative, best-in-class
eCommerce solutions to Vantiv's merchant and financial institution
clients. The combined service offering will leverage Vantiv's scale,
extensive distribution channels, and support capabilities, to address
the evolving payments needs of businesses in multiple channels, and
offer merchants a "one-stop" suite of Point-of-Sale, eCommerce and
Direct Response payment processing solutions.
Zmags raises $6M in funding
provider of commerce-enabled digital catalogs and publications, today
announced that it has completed a $6 million investment led by North
Atlantic Capital. The firm’s managing director, David Coit, joins Zmags’
board of directors. Zmags’ previous investors – OpenView Venture
Partners and NorthCap Partners – also participated in the round, which
will be used to accelerate growth and fuel product innovation to meet
the needs of large retail and consumer brands looking to engage with
shoppers across mobile, social and online channels. This brings Zmags’
total funding to $18 million.
Zmags is the only technology provider that enables retailers and brands
to build engagement and commerce directly into digital catalog and
publication experiences across all channels and devices from a single
platform. In Q3 2012, the company signed 74 new accounts, representing a
28 percent increase year over year. Additionally, Zmags continued to
deliver bespoke digital shopping experiences for world-class brands such
Container Store, Serena
& Lily and PartyLite.
Daily Grommet raises Series B round of funding
Daily Grommet, an online shopping site and marketing platform for
innovative and undiscovered products, today announces a round of Series B
funding led by Rakuten, one of the world’s largest online marketplaces.
Daily Grommet plans to use the capital to further expand its highly
curated e-commerce site and product launch platform.
Together, the companies provide significant benefits to one another,
as Daily Grommet will allow Rakuten to advance its sourcing, curation,
and storytelling capabilities and deepen consumer connections to its
merchant partners. Daily Grommet has gained a large and influential
following because of its proven ability to expertly source and vet high
potential unknown products. Since its launch in 2008, over 1,000
products and emerging companies have been featured on DailyGrommet.com,
many of which have become household names. The company’s “Citizen
Commerce” movement creates connections between inventors and consumers,
by enabling product purchases that express powerful contemporary values
around sustainability, quality, technology and social enterprise.
FashionPlaytes raises $5M in funding
the retail industry's first engagement-driven e-commerce company to
target the tween consumers, today announced its $5 million Series B
financing. New investors Leo
Capital Holdings and Spindrift Equities participated in the
financing alongside existing investors Fairhaven
Atlantic Ventures and Golden
Seeds. At the leading edge of digital fashion design for tween
girls, FashionPlaytes will use this funding to continue to enhance the
engagement, social interaction and educational components of its FPGirl
Dyn acquires SEO/SEM & eCommerce Dev Arm of Incutio LTD
Dyn, the world leader in Internet Infrastructure as a Service (IaaS), announced today that it has acquired the talent of the SEO/SEM and ecommerce development arm of Incutio LTD, a growth engine company.
This talent acquisition is the culmination of a long-time
relationship between Dyn and Incutio, one of Dyn’s first 50 enterprise
Managed DNS customers. The addition of Incutio team talent will
strengthen Dyn’s ecommerce and online advertising efforts and enable the
company to internally focus growing those areas.
Smart Lunches raises over $1M in funding
one of the Internet's fastest growing providers of healthy meal options
for children outside of the home, announced today that it closed a
Series A investment round, securing over $1 million in additional
capital. Investors included Boston-based Data Point Capital, Jonathan
Kraft, President of The Kraft Group, and Lon Chow, General Partner of
Apex Venture Partners, based in Chicago. Smart Lunches partners with
schools, daycare centers and camps to serve children fresh, nutritious
meals that parents can order 24 hours a day with the click of a mouse.
These meals are delivered free to the facility each day, relieving the
Smart Lunches partner -- and parents -- of the responsibilities that go
along with daily lunch planning and preparation.
Swirl raises $6M in funding
Swirl, a tech start-up that is harnessing the power
of mobile, social and web technologies to reignite consumer's love of
in-store shopping, has raised $6M in funding. Swirl's investors include SoftBank Capital, General
Catalyst Partners and Longworth Venture Partners.
SCVNGR / LevelUp adds $9M more to latest round
SCVNGR / LevelUp announced today that is has raised an additional $9M in funding from T-Venture. This additional $9M is part of their Series D round of funding, which now stands at $21M and was announced in June. Since 2008, SCVNGR / LevelUp has raised $41M in funding. LevelUp is a mobile app that lets you pay with your phone to save time and money.
CashStar raises $5M in funding
today announced that it has raised $5 million in funding to help drive
continued growth, mobile innovation and adoption in the digital gifting
and incentives market. The round includes Intel Capital, along with
existing investors Passport Ventures, FTV Capital and Steven Boal,
Co-founder and Chairman of CashStar, and president and CEO of Coupons.com,
With the eGift Card market expected to breach $11 billion by 2014, more
than 250 brands in the CashStar
network already leverage eGifts via web, social media and mobile
channels to increase sales and build loyalty with consumers. Mobile
eGifting continues to experience rapid adoption with one major CashStar
retailer alone experiencing a 240 percent increase this Father’s Day
over last year.
Paydiant raises $12M in funding
the provider of a cloud-based, white label mobile payment and offer
redemption platform for retailers, banks and payment processors, today
announced that it closed a $12 million round of funding led by Stage 1 Ventures. The Series B round also included existing investors North Bridge Venture Partners and General Catalyst Partners.
Paydiant raised $7.6 million in February 2011. The new investment will
be used to accelerate product development, sales and marketing. David
Baum, Managing Director of Stage 1 Ventures, will join Paydiant's board
SCVNGR / LevelUp raises $12M in funding
SCVNGR, makers of SCVNGR,
the mobile game, and LevelUp,
the app that lets you pay with your phone to save time and money, today
announced that it has raised $12 million in funding with participation
from existing investors Highland Capital Partners, Google Ventures,
Balderton Capital and new investors Continental Investors and Transmedia
Gemvara raises $25M in funding
Gemvara, Inc., the leading online retailer of customizable fine jewelry,
announces the closing of a $25 million oversubscribed round of Series D
funding. Led by Norwest Venture Partners (NVP), a global venture and
growth equity investment firm, the round also involves participation
from all existing investors including Highland Capital Partners, Canaan
Partners and Balderton Capital. Sergio Monsalve of Norwest Venture
Partners will join Gemvara’s Board of Directors. Gemvara plans to use
the capital to further enhance all aspects of the customer shopping
experience and continue to drive innovation that will bring the jewelry
industry to the cutting edge of commerce.
Quick Technologies raises $1.6M in funding
As per SEC filings, Quick Technologies in Boston, has raised $1.6M in funding. Quick Technologies is building an online marketing place to buy and sell anything quickly.
TurningArt raises $1.5M in funding
As reported by Scott Kirsner, TurningArt in Boston, MA has raised $1.5M in funding. The round included, NextView Ventures, who participated in the company's previous seed round. TurningArt is a subcription based eCommerce company that provides customers the ability to try artwork in their home before they buy.
Evoqu / ShopAdvisor raises $1.45M in funding
As per SEC filings, Evoqu in Maynard, MA has raised $1.45M in funding. Evoqu Inc. is a start-up focused on building a cloud based platform for deferred shopping (remember things you want to buy later) called ShopAdvisor. This service alerts you when it finds a good deal or important new information about the product.
PLASTIQ raises $2.3M in funding
As per SEC filings, PLASTIQ in Cambridge, MA has raised $2.3M in funding. In addition to Eliot Buchanan (CEO) & Daniel Choi (Co-Founder & CTO), the filing include Jeff Bussgang of Flybridge Capital Partners and Ryan Moore of Atlas Venture.
PLASTIQ is a payments startup where you can make large purchases (college tuition, cars, taxes, real estate) via credit card and benefit from rewards programs.
CustomMade raises $4M in funding
As per SEC filings, CustomMade in Cambridge, MA has raised $4M in funding. CustomMade.com is the first online
peer-to-peer marketplace connecting shoppers with skilled artisans who
create unique luxury custom goods including furniture, cabinetry and