NewSpring Capital Invests in SiteSpect
NewSpring Capital, a family of private equity funds, announced today that NewSpring Growth Capital, the firm's dedicated technology and business services growth equity fund, has invested $13 million in a minority financing in SiteSpect, Inc. ("SiteSpect"). This represents the Fund's sixth deal of 2014 as a closing was held on December 29, 2014.
This is the first outside funding received by the A/B and multivariate testing provider that incorporated in 2004. Since its founding, SiteSpect has been a recognized leader with its unique SaaS-based optimization technology that enables marketers, product managers and developers to test and optimize the entire digital user experience and increase revenue. Backed by a strong executive team and unique, patented technology, SiteSpect provides the only true enterprise-grade A/B and multivariate testing platform to the world's largest and most successful online brands. 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
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
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
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
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
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
TurningArt Raises $670K in Funding
As per SEC filings, TurningArt in Boston, MA has raised almost $670K in funding. TurningArt is a subscription based business focused on providing pieces of art for your home or office. Subscribers can rotate the artwork out with new pieces as often as they like. READ MORE
Swipely Raises $20M in Funding
Swipely, a Providence, RI-based platform for merchants to understand customers and grow sales, completed a $20m Series C round of financing.
The round was led by Pritzker Group Venture Capital, with participation from existing investors First Round Capital, Index Ventures and Shasta Ventures... READ MORE
Allclasses Raises $1.5M in Funding
Allclasses, a vertical search engine for finding online and offline courses has raised a $1.5 million in funding. Investors in the round include: Floodgate Fund, Great Oaks Venture Capital, Atlas Venture, Designer Fund, Maiden Lane, & angel investors...READ MORE
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 / Bridj 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