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As per SEC filings, PlumChoice in Billerica, MA has raised $8.5M in funding. PlumChoice, Inc.'s Technology Care solutions enable organizations to transform customer satisfaction to customer loyalty. Whether powering a premium technology care business, augmenting a technical support business or enabling more efficient management of an internal service desk/help desk function, PlumChoice delivers scalable software and turnkey services that influence customer loyalty, increase profitability, drive down support costs, and improve productivity.
ShopRunner, a members-only online shopping program that offers exclusive benefits, including free 2-day shipping and free returns, today announced the acquisition of Boston-based PickupZone. PickupZone operates a network of pick-up locations that offers customers the ability to shop anywhere online and get their packages when and where they want. Working across multiple retailers, PickupZone is the forerunner in making urban package pick-up easy, secure, and convenient.
Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Kiva Systems, Inc., a leading innovator of material handling technology.
"Amazon has long used automation in its fulfillment centers, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” said Dave Clark, vice president, global customer fulfillment, Amazon.com. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.”“For the past ten years, the Kiva team has been focused on creating innovative material handling technologies,” said Mick Mountz, CEO and founder of Kiva Systems. “I’m delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.”
Following the acquisition, Kiva Systems’ headquarters will remain in North Reading, Massachusetts.
Under the terms of the agreement, which has been approved by Kiva’s stockholders, Amazon will acquire all of the outstanding shares of Kiva for approximately $775 million in cash, as adjusted for the assumption of options and other items. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2012.
Prime View International (“PVI”) (8069.TW), the world’s largest supplier of ePaper display modules, today announced it has amended its merger agreement with E Ink Corporation, the leader in electronic paper display materials and intellectual property.
In addition to the $215 million cash consideration unveiled on June 1, 2009, the revised agreement includes consideration for E Ink shareholders based on the combined company’s stock performance over a three-year period. The consideration will be granted in the form of 120 million convertible preferred shares that can be converted into common shares as the stock climbs from NT$50 to NT$80. At the end of the three year period, any unconverted preferred shares will be cancelled.
inVentiv Health, Inc., offering best-in-class clinical, commercial and consulting services to the healthcare industry, today announced that it has entered into a definitive agreement to acquire certain promotional and medical audit businesses of SDI Health, which IMS Health has committed to divest in connection with obtaining regulatory approval of its acquisition of SDI. Financial terms of the transaction were not disclosed.
GrabCAD in Cambridge, MA has raised $4M in a Series A round of funding. Investors included Matrix Partners and Atlas Venture.
GrabCAD is an online community where mechanical engineers can share their talent, expand knowledge, find a dream project and work with tools and features that make life better.
As per SEC filings, General Catalyst Partners in Cambridge, MA has raised $500M for a sixth venture capital fund. General Catalyst Partners is a venture capital and private equity firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance.
As per SEC flilings, OnChip Power has added $1M to their Series A round of funding, which is now totaled at $2.8M. OnChip Power is a start-up aimed to disrupt the power supply industry. They are developing a new class of power supply systems based on a novel VHF switching architecture.
Zipcar, Inc. (Nasdaq: ZIP) , the world's leading car sharing network, today announced the exercise of its option to purchase a majority ownership interest in Barcelona-based Catalunya Carsharing S.A., known as Avancar. The company operates a fleet of vehicles throughout the cities of Barcelona and Sant Cugat del Valles.
The transaction is expected to be completed in early 2012, and builds on Zipcar's initial equity investment in Avancar in December 2009. With this transaction, Zipcar increases its percentage ownership in Avancar to a controlling stake of 60 percent.
ZINK Imaging Inc., inventors and manufacturers of the award‐winning ZINK® Zero Ink® Printing Technology and ZINK Paper®, today announced that it closed $35 million in series B financing led by Genii Capital. The company also announced the hiring of former board members and industry veterans Mary Jeffries, as Chairman and co-CEO, and Ira Parker, as President and co-CEO.
Z Corporation, the leader in multi-color inkjet 3D printing, today announced that it will be acquired by 3D Systems Corporation (NYSE:DDD), becoming the first company capable of delivering an integrated platform of mixed 3D printing technologies, 3D content, and 3D design services. The news is part of a wider announcement today in which the Contex Group, a subsidiary of Ratos AB, announced that it had signed an agreement to sell its subsidiaries, Z Corporation and VIDAR Systems, to 3D Systems Corporation for USD 137m in cash. The acquisition is subject to customary closing conditions and is expected to close by the end of 2011 or early 2012.
Harvest Automation Inc., an automation company developing robotic equipment for the Agriculture industry, announced today that it has successfully closed $7.8 million in its Series B round of financing. The round was led by a European-based investor, Entrée Capital, and also included strong support from existing Harvest investors Founder Collective, Life Sciences Partners, Cultivian Ventures, and Massachusetts Technology Development Corporation.
As per SEC filings, QuietLogistics in Andover, MA has raised $5.15M in funding. QuietLogistics, which is also known as Scenic Technology Corporation, is a provider of robotic, white glove eCommerce fulfillment services by using equipment Kiva Systems.
September 22, 2011: As per SEC filings, DisruptiveApps in Beverly, MA has raised $1.2M in funding. DisruptiveApps is an Angel Funded startup based in Boston, Massachusetts, currently preparing to launch it's initial SaaS, the iJukebox music service for retailers throughout the US and Canada.
September 21, 2011: Innerscope Research, Inc., the leader in using neuroscience informed biometrics to deliver unique audience and consumer insights, today announced that it has closed the final $2 million tranche in a $9.4 million Series A financing round. Innerscope, which was founded in 2006, has more than doubled revenue in the last two years and its core business is self-sustaining.
September 22, 2011: TechStars, the startup accelerator program with a Boston program, has raised $24M in funding. This new round of funding allows TechStars to invest an additional $100,000 in participating companies upon acceptance into the program.
September 16, 2011: Kepha Partners in Waltham, MA is looking to raise a $100M for their second fund. Kepha is a VC firm focused on making early stage investments in companies.
September 2, 2011: According to SEC filings, SensAble Technologies has raised $3.6M in funding. SensAble Technologies is a developer of touch-enabled solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually “feel” it.
August 4, 2011: As per SEC filings, Exa Corporation in Burlington, MA has filed an S-1 for an IPO which is expect to raise $86.25M. Exa’s products and services enable engineers to create competitive designs, while shortening product design cycles, and speeding time-to-market.
July 19, 2011: Affectiva (http://www.affectiva.com), a leading emotion measurement and communication technology startup, today announced it has completed a $5.7 million Series B financing round led by WPP’s consumer insight group, Kantar, and Myrian Capital. Founded in 2009 by MIT scientists Rosalind W. Picard and Rana el Kaliouby, Affectiva grew out of collaborative research at the MIT Media Lab. It applies innovations in computing to help understand how people feel in order to improve products and experiences.
June 9, 2011: As per the company's blog, GrabCAD has raised $1.1M in funding. GrabCAD is a member of the current TechStars Boston class. GrabCAD is an engineering services marketplace that connects thousands of mechanical engineers and manufacturing companies around the world. Investors include Matrix Partners, Atlas Venture, and NextView Ventures.
May 18, 2011: As reported by TechCrunch, TurningArt in Cambridge, MA has raised $750K. The round of funding was led by NextView Ventures with participation from Niraj Shah & Steve Conine (founders of CSN Stores), Thomas Lehrman (co-founder of Gerson Lehrman Group), & Will Herman. TurningArt is a monthly subscription service that allows customers to rotate prints of contemporary artists.
May 11, 2011: As reported by Scott Kirsner, PerkStreet Financial in Boston, MA has raised $9M in funding from Globespan Capital Partners and Highland Capital Partners. PerkStreet Financial is a financial institution that allows people to earn more rewards for spending responsibly on a debit card instead of using a credit card.
May 5, 2011: As per the GroupMe blog, Sensobi in Cambridge, MA has been acquired by GroupMe in NYC. sensobi is a startup that is building a better address book for business professionals to help you stay on top of your important contacts. Sensobi was a graduate of the 2009 Boston class of TechStars.
April 28, 2011: According to SEC filings, Invoke Solutions in Waltham, MA has raised $3.8M in funding. Invoke Solutions is a global market research provider who combines professional expertise and proprietary research technologies to provide the most innovative businesses and research organizations in the world with brand, product, and communications insights more effectively and efficiently than anyone else.
April 27, 2011: As reported by Scott Kirsner, WiTricity Corporation of Watertown, MA has received a major strategic investment from Toyota. WiTricity Corporation designs, develops, manufactures, and markets patented technology for wireless energy transfer.
April 22, 2011: Best Doctors, the global clinical advocacy benefits company, today announced that Nippon Life Insurance Company of Japan, one of the world’s leading insurance companies, has made a minority investment in Best Doctors. The investment supports Best Doctors continued rapid growth around the world. Nippon Life now joins Munich Re, the world’s largest reinsurer, as a minority owner of Best Doctors, which is a closely-held corporation.
April 14, 2011: Zipcar, Inc., the world’s leading car sharing network, today announced the pricing of its initial public offering of 9,684,109 shares of its common stock at a public offering price of $18.00 per share. The common stock will begin trading on April 14, 2011 on the NASDAQ Global Select Market under the symbol "ZIP."
April 12, 2011: Digital Lumens, leading developer of LED-based Intelligent Lighting Systems, today announced that it has secured $10 million in Series B funding and a new working capital line of credit. The round has full participation from the Company’s current investors — Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners — bringing total funds raised to $25 million since the Company’s inception. Silicon Valley Bank is providing the working capital line of credit.
March 23, 2011: According to SEC filings, SensAble Technologies has raised $2M in funding. SensAble Technologies is a developer of touch-enabled solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually “feel” it.