Weft raises seed funding
As reported by the BBJ, Weft in Burlington, MA has raised under $1M in seed funding led by Andreessen Horowitz. Weft tracks shipping containers to make sure that they get to where they're supposed to be on time and intact. READ MORE
Wayfair raises $157M in funding
Wayfair, the largest online retailer of home furnishings and décor, today announced that it has raised $157 million in equity financing to fuel continued growth of the company’s portfolio of home brands. The Series B investment round, led by funds and accounts managed by T. Rowe Price Associates, Inc., encompassed a limited number of key investors, including industry leading growth focused mutual funds, as well as a private investment from Julie M.B. Bradley, TripAdvisor CFO and Wayfair board member.
“Wayfair is heading into 2014 with tremendous momentum and growth as more and more shoppers opt for one of our exceptional ecommerce shopping experiences,” said Niraj Shah, CEO and co-founder of Wayfair. READ MORE
PillPack raises $4M in funding
As reported by The Wall Street Journal, PillPack with offices in Somerviile, MA and Manchester, NH has raised $4M in funding. PillPack is an online pharmacy that is leveraging service and technology to simplify the management of complex medication regimes for the 32 million people taking more than 5 medications a month. PillPack's Series A round of funding was $3.5M with Atlas Venture and Founder Collective as investors. The company originally raised $550K upon graduating from TechStars. READ MORE
Flashnotes raises $3.6M in funding
As per SEC filings, Flashnotes in Boston has raised $3.6M in funding. Flashnotes hosts an online marketplace where students buy and sell college study materials READ MORE
Rocketmiles raises $6.5M in funding
Rocketmiles today announced that is has raised another $6.5 million to fuel expansion in the U.S. and international markets. The Series-A round was led by August Capital, with participation from existing investors Peterson Ventures, Link Ventures and Atlas Venture. New investors include Chicago Ventures and Sam Yagan, CEO at Match.com.
Launched less than a year ago, Rocketmiles is a travel-booking site that helps consumers get on vacation faster through a new class of miles ... READ MORE
Flytenow raises funding
The Boston Dorm Room fund is proud to announce its second investment, Flytenow. Led by Northeastern student and CEO Matt Voska, Flytenow is built from a passion that has resonate with Voska since childhood: the ability and accessibility to share and spread the experience of taking flight on a private plane. READ MORE
Practically Green raises $3M in funding
Practically Green, the leading provider of digital sustainability engagement programs, today announced that the company has closed a $3 Million Series A round of venture funding. The funding was led by CommonAngels, the Boston-based angel group focused on funding IT startups, and the clean-tech family office Pan Asia Solar, and supported by Clean Energy Venture Group and Launchpad Venture Group. The company will use the funds for product development, continued development of sustainability and CSR engagement programs, and further sales and marketing goals. As part of the announcement, Practically Green has also hired industry veterans, Mark Bissell to Head of Customer Success and Jim Tramel to Head of Sales. READ MORE
Change Collective raises $1.4M in funding
Change Collective has raised $1.4M in funding. Investors in the round include Founder Collective, NextView Ventures and Eniac Ventures. Change Collective is a a life betterment site/mobile app with a mission to give people "the tools to succeed with change." READ MORE
Drizly raises $2.25M in funding
Today, millions of people in New York City and Boston can have beer, wine and liquor delivered to their doorstep, thanks to Drizly, the new iPhone app from Drizly, Inc. The app will reach many more consumers and U.S. cities in the next six months as the company announces today a round of $2.25 million in seed funding to fuel its growth.
Conceived by three classmates from Boston College in 2011, Drizly is unlike any existing or rival system for delivering beer, wine and liquor. Drizly gives consumers the ultimate convenience of swiping their way to a fast and responsible on-demand delivery experience from their iPhone. Furthermore, the company’s turnkey solutions provide retail stores a simple, secure way to offer convenient, and responsible on-demand liquor delivery. READ MORE
Care.com goes public
Today was a big day for Care.com as it officially went public this morning, with its shares, initially priced at $17, jumping a third in early trading to $22.55 (update: they closed the day at $24.30 - a 42.94% increase) . The company, who originally was expected to price its shares at $14 to $16, is having a good day so far even though the market in general is trending downward today. READ MORE
Teespring raises $20M in funding
Providence, R.I.-based Teespring, a Y Combinator-backed startup that allows anyone to outsource the production and distribution costs involved with selling their own custom T-shirts, has raised $20 million in new funding in a round entirely led by Andreessen Horowitz. The funding, which closed around a month ago, will also see the firm’s Lars Dalgaard joining Teespring’s board. READ MORE
Shuttersong raises an additional $500K bringing seed round to $2.2M
Shuttersong, the app that allows users to embed music and sound into a playable JPEG image, announced an additional $500,000 investment in its Seed Round. Gil Anderson, a former partner at Accenture, added the investment to the round which brings Shuttersong's total seed funding to $2.2M. Anderson will also join Shuttersong’s Board of Directors. READ MORE
BabbaCo acquired by Barefoot Books
Barefoot Books, the award-winning, independent children’s publisher, has acquired BabbaCo, the e-commerce subscription company dedicated to helping parents create fun, memorable experiences for their children.
Jessica Kim, CEO and Founder of BabbaCo, joins Barefoot Books as President, Barefoot Living, at a time when the company is poised for high growth as a global lifestyle brand. Over the years, Barefoot has gained the reputation as a pioneer in the publishing industry, with its visionary brand and high quality product offer. The company is now focused on growing its community of home-based Ambassadors who run their own businesses and live Barefoot. All are connected by an appreciation of the importance of creativity, imagination and diversity, and by a commitment to raising happy, healthy, caring children. READ MORE
Brightcove acquires Unicorn Media
Brightcove Inc. (NASDAQ: BCOV), a leading global provider of cloud services for video, today announced it has entered into a definitive agreement to acquire substantially all the assets of Unicorn Media, a leading provider of cloud video ad insertion technology. Based on a $14.00 price per share of Brightcove common stock as specified in the purchase agreement, the transaction is valued at approximately $49 million. Under the terms of the agreement, the purchase price consists of approximately 2.9 million shares of Brightcove stock and approximately $9.0 million of cash used to pay transaction and other expenses of Unicorn Media. READ MORE
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
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
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.
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
Vsnap raises $500K in funding
As reported by the Boston Business Journal, Vsnap in Boston, MA has raised $500K in funding. Vsnap is a video messaging system that businesses use to make customers feel special. Rhey make it easy to record, share and measure short video messages, which web companies use to create personal and emotional connections with their customers. READ MORE
Quantopian raises $6.7M in funding
Quantopian, the world's first browser-based algorithmic trading platform, today announced $6.7M in Series A financing from Khosla Ventures and existing investor Spark Capital. This brings the company's total funding to date to $8.8M. The new funding will be used to enhance the cloud-based platform and fuel growth as Quantopian builds a community of quants larger than all of Wall Street combined. READ MORE
OANDA acquires Currensee
OANDA, a pioneering global provider of innovative foreign exchange trading services, today announced that it has acquired Boston-based Currensee Global Inc., a leader in forex market copy trading within a proprietary social trading network. Together, the integration of the two leading technology platforms from OANDA and Currensee will provide traders with a unique offering.
Copy trading, a method by which traders can mirror the trading behavior of experienced forex investors from around the world, has realized tremendous growth in recent years. In addition, copy trading makes it possible for individual traders to share research data and collaborate with other traders. READ MORE
NameMedia's Afternic division is acquired by GoDaddy
GoDaddy, the world’s leading domain name provider, has acquired Afternic, one of the industry’s leading domain name aftermarket companies based in Waltham, Massachusetts. The move creates an unprecedented level of domain name aftermarket inventory from one source and a frictionless marketplace – enabling buyers to purchase registered domain names offered for sale quickly and easily.
The move also bolsters ICANN’s upcoming Top Level Domains (TLD) program by fueling a more diverse aftermarket. Afternic’s Domain Listing Service (DLS) displays domain names at more than 100 different registrars – including 18 of the top-20. This gives new TLDs registries and resellers the best chance and easiest way to showcase their aftermarket domain names. As an example, instead of choosing a single registrar to sell an already registered name like Pizza.NYC – the name can be offered across the entire DLS network – giving the seller the most exposure and customers the best experience. 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
Endurance International files for IPO of up to $400 million
As per SEC filings, Endurance International Group has filed for an IPO to raise up to $400M. Endurance International Group is dedicated to helping small- and medium-sized business owners navigate their online journey - by providing cloud presence solutions, online resources & security and business applications. READ MORE
ZappRx raises $1M in funding
ZappRx, a new mobile platform that simplifies and modernizes the prescription management process, today announces the company has raised $1 million in seed funding lead by Atlas Venture’s Jean-Francois Formela and Ryan Moore, along with Life Sciences Angel Network, Hakan Satiroglu, and other notable angels. Jay Silverstein, Founding Member of Oxford Health, Will Cowen, Founder and CEO of NaviNet, and George Kassabgi, Founder of Keas.com, will join the company as advisers. READ MORE
Quantia raises $10M in funding
Safeguard Scientifics, Inc. (NYSE:SFE) deployed $7.5 million as part of a $10.0 million Series B financing for Quantia Inc. Existing investors, including Fuse Capital, contributed the remaining $2.5 million in the round.
Founded in 2006 and headquartered in Waltham, MA, Quantia’s mobile and web-based physician relationship management (PRM) platform, called QuantiaMD, enables principal participants throughout the healthcare spectrum―including health systems, payers, pharmaceutical companies, and medical device companies―to reach, engage and interact with their high-value physicians in a way that ultimately creates revenue opportunities, reduces costs, saves time, and improves quality of care. READ MORE