Consumer United raises $14M in funding
As per BetaBoston, Consumer United in Boston, MA has raised $14M in funding. The round of funding was led by Spark Capital & Thayer Street Partners. Consumer United is an online independent insurance agency. READ MORE
SilverRail raises $40M in funding
SilverRail, the global leader in passenger rail search and distribution technologies, today announced it has raised $40m in Series C funding to accelerate the integration of global rail carriers, continue building next generation search technology, and expand carrier IT solutions. This will include multi-modal journey planning and pricing, booking and reservation management, inventory and seating management, and reporting and analytics.
The Series C investment round was led by Mithril Capital Management, the global technology investment firm founded by Ajay Royan and Peter Thiel, and supported by existing investors - Canaan Partners, Sutter Hill Ventures and Brook Ventures... READ MORE
GroupZoom raises $3M in funding
As reported by The Boston Globe, GroupZoom has raised $3M in funding from a variety of individual investors, including Scott Griffith (former CEO at Zipcar and now a Partner at General Catalyst). GroupZoom is the creator of Bridj, the world's first pop-up mass transit network. It revolutionizes inter-city mass transportation by connecting travelers directly with their destinations. READ MORE
Ektron Closes Growth Equity Investment
Content management and web experience management software provider Ektron today announced it closed a growth equity funding round led by Accel-KKR. This minority investment, the company's first institutional round, will enable Ektron to accelerate product and company expansion as enterprise demand for its content management, marketing and web experience management software offerings continues to grow. Terms of the deal were not disclosed.
"We're entering a new era where businesses and people experience content across the web and mobile devices in entirely new ways," said Ektron President, Tim McKinnon. "Ektron is at the forefront of helping to power these new experiences for the world's leading organizations. Accel-KKR's investment is a testament to our success and the future growth opportunity our continued focus on innovation will bring to the market." READ MORE
Smarter raises $1.6M in funding
Smarterer has been making some major waves as the company evolves towards solving an enterprise problem for companies with their skills assessment platform called Flock.
As part of this shift, Smarterer raised $1.6M in funding, which puts their total funding to date at $4.6M. Investors in the company include Google Ventures, True Ventures, Boston Seed Capital, Rethink Education, Deborah Quazzo (Founder & Managing Partner of GSV Advisors), and many additional seed investors. READ MORE
Alignable raises $3.54M in funding
As per SEC filings, Alignable in Waltham, MA has raised $3.45M in funding. Alignable is the place where local businesses create powerful local networks to maximize their local reach and grow. As businesses grow so does the entire community. Alignable’s patent-pending matching technology makes finding the right local businesses to market with fun and easy- making “The power of local” real for businesses... READ MORE
Timbre acquired by Seatwave
We are incredibly excited to tell you our big news - Timbre has been acquired by Seatwave! Seatwave is the leading ticketing marketplace for fans in the UK, and we couldn’t be more thrilled to work with the brilliant and passionate team there. The Timbre team is working closely with Seatwave to create a brand new best-in-class experience for live music discovery. The acquisition doesn’t mean the end of Timbre; it will continue to deliver concert listings across the globe.
The team behind Timbre’s acquisition, led by Seatwave CEO Ajay Chowdhury... READ MORE
Vistaprint acquires Pixartprinting
Vistaprint N.V. (Nasdaq: VPRT), a leading online provider of professional marketing products and services to micro businesses and the home, today announced it has entered into a definitive agreement to acquire Pixartprinting Srl for a base purchase price of approximately €127 million, resulting in Vistaprint ownership of 97 percent of Pixartprinting, and 3 percent retained ownership by Pixartprinting’s founder. As part of the transaction, Vistaprint will assume 100 percent of the majority stake in Pixartprinting that is currently held by private equity firm Alcedo SGR. The agreement also includes a sliding-scale earn-out of up to €10 million for Pixartprinting, subject to the achievement of revenue and EBITDA performance targets for calendar year 2014. Vistaprint expects Pixartprinting will have a net debt position of €18 million at the close of the transaction. READ MORE
Circle raises $17M in funding
Circle Internet Financial, a digital currency company, today announced that it has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners and General Catalyst Partners were joined by new investor Oak Investment Partners to lead the round. Other Series B investors included Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, Inc. and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a leading consumer finance advisory and venture firm led by Circle board member Raj Date, was also an investor in the Series B financing. READ MORE
HourlyNerd raises $4M in funding
We’re thrilled and honored to announce that HourlyNerd has recently raised Series A funding from two of the world’s premier venture capital firms: Highland Capital and Greylock Partners. Partnering with firms like Highland and Greylock will allow us to help even more businesses across the world. Our unwavering goal is to allow businesses of all sizes to get access to top quality MBA freelancers while also allowing top-tier business talent to work more flexibly. We’d like to send a BIG thank you to all of our current and past business customers and Nerds – we couldn’t have gotten to this point without you! READ MORE
Dyn Acquires Managed DNS Provider Nettica
Dyn, the worldwide leader in Internet performance solutions, announced today they have acquired Nettica, a US-based managed DNS provider.
Nettica’s more than 9,000 clients, including Evernote, the web’s largest list management solution, will now have access to Dyn’s advanced features and 18 global data centers. Dyn is the number one provider of managed DNS services among Top 1000 visited websites, according to Datanyze and Alexa. READ MORE
Unsully acquired by Handybook
As per their blog post, Unsully has been acquired by Handybook. Unsully is a startup founded by Joe Nigro and was focused on providing premium car washes to homes. Joe will be joining as Handybook's General Manager for their Boston operations. READ MORE
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