Boston, MA

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

Merchant Warehouse Acquires Opticard

 

Merchant Warehouse®, a leading provider of payment technologies, today announced the acquisition of Opticard, a nationally recognized provider of gift and loyalty programs for organizations worldwide. Through this acquisition, Merchant Warehouse will offer deeper mobile and digital engagement opportunities for small and mid-sized businesses through an expanded suite of gift, loyalty and prepaid programs. This move further solidifies the company's position as one of the leading providers of integrated payment solutions.

 

For nearly 20 years, Opticard has offered best-in-class solution processing for merchants, ranging from small businesses to Fortune 500 companies, completing more than 20 million transactions annually. Its prepaid offerings, including both gift card and loyalty programs, are designed to meet the unique needs of every retailer, enabling them to build lasting relationships with their customers, while simultaneously encouraging them to return and spend more. Through this acquisition, Merchant Warehouse will continue to invest in the Opticard platform to advance the suite of service offerings to both new and existing resellers and retail customers.

Actifio raises $100M in funding

Actifio, the copy data virtualization company, today announced it has secured an oversubscribed $100M funding round led by Tiger Global Management, LLC, with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion of market coverage, global brand development, and product feature enhancements in the world’s leading data management solution for virtualized and Cloud IT architectures.

 

“From the start we have focused on building the next great technology brand with a singular focus on delighting our customers with revolutionary technology, enterprise-class service, and transformative business results,” said Ash Ashutosh, Founder and CEO, Actifio. “Having shone a light on the $46 Billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio.. 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

Localytics raises $16M in funding

Localytics (www.localytics.com), provider of the most powerful analytics and marketing platform for mobile and web apps, announced today it has raised $16M in Series C financing led by new investor Foundation Capital. Existing investor, Polaris Partners, also participated in this round. Localytics will use the new funding to accelerate investments in product development, sales and customer service, and to fuel international expansion. The new financing brings total capital raised to $25M.

The new financing comes on the heels of a record-breaking year for Localytics during which it tripled revenues for the fifth straight year. In 2013, Localytics grew its customer base significantly, with new customers such as ESPN, Clear Channel and SoundCloud joining its already broad customer base that includes industry leaders such as eBay, Fox and Microsoft. The company also opened offices in San Francisco and London. Localytics is now used by more than 5,000 companies, and is installed in over 1.4 billion devices across the globe.   READ MORE

Zmags acquired by The Gores Group

The Gores Group, a leading Los Angeles-based investment firm, today announced that it has acquired Zmags Corp. through its Small Capitalization Partners investment fund.

Brian T. Rigney, newly appointed CEO of Zmags, said, “The Gores Group’s investment in Zmags will enable us to continue providing the most innovative solutions to our customers and further accelerate our vision for the future of digital publishing and eCommerce.”  READ MORE

MachineShop raises $3M in funding

MachineShop, today announced it has emerged from stealth mode to help simplify and standardize the way organizations, individuals, applications and systems interact with each other in a hyper-connected world. Looking beyond how tens of billions of devices physically connect to the Internet, MachineShop is focused on the trillions of data transactions and interactions that will occur through the Internet of Services – the domain where communication occurs through standard Services or application program interfaces (APIs) rather than legacy platforms, middleware or proprietary protocols. MachineShop marries the ubiquitous adoption of APIs with the ever-growing number of connected systems and related data sources allowing developers and their applications to leverage standard, discrete, purpose-built services.

The company also announced that it raised $3 million from strategic investors, its first outside capital. Until now the company was funded almost entirely through revenue. The three investors are CSR, Diebold, Incorporated and Xchanging plc, each of whom is a MachineShop customer or partner.  READ MORE

Flashnotes acquires Moolaguides

Flashnotes.com, the student-to-student study materials marketplace, today announced that it has agreed to acquire Moolaguides, an online study materials marketplace started by Florida State University senior Thomas Brady. The second acquisition for Flashnotes.com following its purchase of NoteUtopia in 2013, Moolaguides.com has generated a quarter of a million in revenue and has a strong user base at Florida State University and surrounding colleges University of South Florida and University of Florida. The acquisition follows Flashnotes.com's recent $3.6 million Series A round of funding as the peer-learning platform continues its expansion to colleges and universities across the country.  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

Optio Labs raises $10M in funding

Optio Labs, a developer of transformational security and productivity technologies for mobile and embedded systems, announced the closing of a $10 million Series A funding round. Participants in the round include Optio Labs’ parent company, Allied Minds Inc., as well as several private investors.

Optio Labs develops mobile security software solutions for federal agencies, commercial enterprises, and device manufacturers. The company’s flagship product, OptioCore, has been recognized as the only security solution able to meet stringent U.S. Federal government mobile security policies while maximizing the full range of productivity benefits of Android devices. The company plans to use the funds to expand engineering capacity and accelerate the development of additional solutions for commercial and embedded systems markets. READ MORE

Cloudant acquired by IBM

IBM (NYSE:IBM) today announced a definitive agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps.   Cloudant will extend IBM's Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives. Financial terms were not disclosed.  READ MORE

TruePosition acquires Skyhook Wireless

TruePosition Inc., a provider of wireless location solutions and a subsidiary of Liberty Media Corporation, announces the acquisition of Skyhook Wireless, a provider of hybrid wireless positioning technology and contextual location intelligence. The acquisition bolsters the product portfolio of both companies by leveraging their complementary technologies.  READ MORE

Dunwello raises $1.4M in funding

As per Scott Kirsner, Dunwello in Boston, has raised $1.4M in funding.  Dunwello is an online tool for improving the performance feedback process for employees.  The company's founder is Matt Lauzon (founder and former CEO of Gemvara).  Investors in Dunwello include:  NextView Ventures, G20 Ventures, the Vegas Tech Fund, Bridge Boys, Axel Bichara, Gautam Gupta, Jeremy Hitchcock and Mark Guadagnoli.  READ MORE

Codeship raises $2.6M in funding

Codeship this week announced $2.6 million in series A funding led by Sigma Prime Ventures & John Simon. Boston Seed Capital (Nicole Stata) & Devonshire Investors (David Jegen) are also participating along with a couple of angel investors. Plassnig says the series A will allow Codeship to invest in more developers, designers, and marketing people. In other words, "people who work on the product and make our product better for our existing customers," he says.  READ MORE

BlueConic raises $3M in funding

BlueConic, a company that helps brands optimize cross-channel marketing opportunities through improved customer engagement, today announced a Series A round of $3 million led by Sigma Prime Ventures. The Series A round brings the company’s total funding to $7 million. BlueConic will use the funds to fuel aggressive expansion into the U.S. market, including moving its corporate headquarters and executive team to Boston and rapidly growing its sales and marketing presence. The move comes on the heels of the company closing out 2013 with 300% year-over-year annual revenue growth.  READ MORE

Nanigans acquired LoopIt

As reported by the Boston Business Journal, Nanigans has acquired LoopIt, which received funding from Redstar Ventures and Avalon Ventures.  LoopIt is a 1-to-1 conversation engine that lets consumers easily tap their friends across social networks for advice and opinions at every step of their purchase path, from discovery to point-of-purchase and beyond, to make the experience of shopping online more fun.  READ MORE

DataXu raises $10M in funding

As reported by The Boston Business Journal, DataXu in Boston, MA has raised $10M in funding.  DataXu is transforming the way companies build their brands in a digital world through the industry’s only fully integrated programmatic marketing solution.  Investors in the round of funding includes Atlas Venture, Flybridge Capital Partners, Menlo Ventures, and Thomvest Ventures. 

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

Moontoast raises $4.5M extension to Series B funding

Moontoast, the leading provider of social rich media advertising technology and services, today announced it has raised a $4.5 million extension to its 2013 Series B funding. The investment was made by the Martin Companies, a Nashville-based early-stage investment company. This latest round of financing was received on the back of the company's strong traction and results with brands that include Toyota, P&G, Nike, Lexus, Samsung, Microsoft, Hyundai, AMD and Nissan. The investment will be used to fuel this growth as well as expand the social rich media platform's multi-channel analytics and optimization. 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

Mendix raises $25M in funding

Mendix, the Boston-based app platform company for the enterprise, today announced the closing of a $25 million Series B investment. The round was led by Battery Ventures, with participation from existing investor Prime Ventures. The investment will fuel the company’s continued global expansion, product development and sales efforts, aggressively increasing its market share. It builds upon Mendix’s fast-growing community of developers, customers and partners who use the Mendix App Platform to deliver business applications faster than traditional development methods.  READ MORE

ClickSquared acquired by Zeta Interactive

Zeta Interactive, a leader in the fast growing Big Data-driven marketing and CRM space, announced today that it has acquired ClickSquared, the Boston-based company that launched The Hub, a SaaS-based, cross-channel campaign management platform that was positioned along with six other vendors in the Niche Players Quadrant of Gartner's "Magic Quadrant for CRM Multichannel Campaign Management" report in May, 2013.  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

CO Everywhere raises $6M in funding

CO Everywhere, the hyper-local location services app, was revealed to have secured a monster round of funding this week from Chinese investment firm, Morningside Group. (The Globe's Scott Kirsner broke the news.) The $6M Series A round should help the company bring on more key employees, continue to better their product, and also to ramp up their marketing of the app.  READ MORE

Aereo raises $34M in funding

Aereo, Inc., today announced that it has closed a $34 million Series C round of financing. The new round of financing will support Aereo’s rapid nationwide expansion and increased investments in hiring and technology.  IAC was joined by iconic media investor Gordon Crawford and Himalaya Capital Management, as well as existing investors Highland Capital Partners, FirstMark Capital and others for this additional round of funding.  Crawford, a media and entertainment industry veteran, is one of the industry’s most influential and successful investors, having worked at Capital Research and Management for 41 years. Himalaya Capital Management is led by global investor and human rights activist Li Lu.  READ MORE

Mobee acquires Kickscout

As reported by TechCrunch Kickscout has been acquired by Mobee.  Kickscout's founder, Michael Sheeley (RunKeeper Co-Founder) will be joining the company as their Chief Product Officer.  Mobee is a real-time store intelligence platform.  They collect data from customers at stores, analyze it, and package it into insights that improve businesses.  READ MORE