Boston, MA

ByteLight raises $3M in funding

ByteLight, the retail indoor location company, today announced that it has closed a $3 million Series A round of funding from institutional and individual investors including Flywheel Ventures, Motorola Solutions Venture Capital, the eCoast Angel Network, Sand Hill Angels and Google’s Don Dodge. The company will use the new investment to accelerate growth in the retail sector and platform development.  READ MORE

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

BoardProspects raises $2.4M in funding

Boston-based BoardProspects Inc., an online platform that connects prospective board members with companies and organizations looking to fill board seats, today announced $2.4 million in series A funding.  "This round of funding represents a great vote of confidence in our mission of improving board governance and transforming the traditional boardroom recruitment process," Mark Rogers, founder and CEO of BoardProspects, said in a statement. READ MORE

Fancred raises $1.5M in funding

Fancred, a Boston, MA-based sports social network, raised $1.5m in seed funding.  Backers included Atlas Ventures, Militello Capital, Star Power Partners, and some unnamed angel investors.  The company intends to use the funds for user base growth, product development and partnership set up.  READ MORE

Brand Networks Acquires Optimal

When we founded Brand Networks back in 2006, we knew that “social” wasn’t just a marketing tactic or a collection of websites. We knew that social was bigger than that; a digital operating system that connects us to the things that matter most to us. We set out to help to help brands claim their place on the social graph and connect deeper with their customers, fans, and followers.

As the Facebook Platform grew, so did our work there, eventually earning us the distinction of Strategic Preferred Marketing Developer. As additional social platforms like LinkedIn and Google+ have opened their APIs to marketing developers, we have jumped in with both feet. We are proud to have helped some of the world’s best known brands become the world’s most liked and connected.  READ MORE

Anaqua raises $25M in funding

Today Bessemer Venture Partners (BVP) announced a $25m investment in Anaqua, a leading provider of intellectual asset management (IAM) software and services. This investment follows growth equity investment Anaqua received from Insight Venture Partners in July of this year.

Anaqua's software helps leading global companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices. Anaqua's SaaS-based platform enables companies to align their intellectual property with their business goals, prosecute and secure it; and create value through more efficient licensing. Companies are further able to pay IP maintenance in multiple global jurisdictions using Anaqua's payment services platform. More than 20,000 users in over 100 countries are using Anaqua to manage approximately $500 billion in intellectual assets; these include users from Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company.  READ MORE

Achvr raises $1.25M in funding

Achvr, the “gamified” social platform that enables users to discover, track and share their first time experiences, today announced its launch into public beta after raising $1.25 million in seed funding from private angel investors. With Achvr, users discover and set goals, such as learning to play the guitar or climbing Mount Everest, and earn points for achieving those goals.  READ MORE

Swirl raises $8M in funding

Swirl Networks, Inc. today announced that it closed a strategic $8 million investment round led by Hearst Ventures, a unit of Hearst Corporation, to fuel the expansion of its technology platform into the large-scale, multi-category retail market. Swirl is extending its proven mobile marketing and personalization capabilities from specialty apparel and fashion retailers to the largest big box and department stores to drive in-store sales, customer engagement and loyalty. The round includes repeat investments from SoftBank Capital, a unit of SoftBank Corp., and Longworth Venture Partners.  READ MORE

Sample6 raises $11M in funding

Sample6, a company focused on applying biotechnology to advance food safety, announced today that it has secured a $11 million Series B financing round led by Canaan Partners. Joining the round are Cultivian Sandbox, a fund which invests in emerging technologies in the food and agriculture industry, and Series A lead investor Flybridge Capital Partners. In addition, the company noted that Stephen Bloch, MD, General Partner of Canaan Partners, has joined its Board of Directors while Peter Farina, PhD, Executive in Residence for Canaan Partners, will join its Scientific Advisory Board.  READ MORE

Healthrageous is acquired by Humana

Humana was the mystery buyer of Boston-based health engagement company Healthrageous, MobiHealthNews has learned. Healthrageous sold its assets to Humana and a number of Healthrageous employees who supported the platform will also be joining the insurance company. 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

Logentries raises $10M in funding

Logentries, a new cloud-based service provider for collecting and analyzing huge quantities of machine-generated log data, has received $10 million in Series A financing and has named Andrew Burton as president and CEO. Unlike costly log management alternatives that require advanced technical skills to use, Logentries utilizes a unique collective intelligence model to transform otherwise difficult-to-consume log data into actionable business and operational insights. Logentries will use the funds to accelerate product development and aggressively drive a go-to-market strategy. The financing round was led by Polaris Partners, along with Floodgate, Frontline Ventures, and RRE Ventures. Floodgate is a new investor joining the other firms that provided $1 million seed money in 2012.  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

Ministry of Supply raises $1.1M in funding

As reported by the Boston Business Journal, the Ministry of Supply has raised $1.1M in funding.  Investors included the VegasTechFund (led by Tony Hsieh), SK Ventures, and Craig Breslow (Red Sox Picture).  Ministry of Suply is a men's apparel company focused on performance professional attire.  READ MORE

CO Everywhere raises $550K in funding

As per SEC filings, CO Everywhere has raised $550K in funding.  CO Everywhere is an app that lets you follow the social activity happening in a specific location, anywhere in the world. READ MORE

SCVNGR / LevelUp raises $7.5M in funding

As per SEC filings, SCVNGR / LevelUp has raised $7.5M towards a potential $10M round of funding.  LevelUp is engineering a revolution in payments. Customers download the free LevelUp app and pay with their phone instead of cash or credit card. Customers love LevelUp because it’s fast, convenient and it rewards them for going back to their favorite places. On the business side, LevelUp is a payment network that eliminates credit card processing fees and provides fresh, effective customer loyalty tools.  READ MORE

Yesware raises $13.5M in funding

Yesware, the leading email productivity service for salespeople, today announced that it has secured $13.5 million in Series B funding. The round was led by Battery Ventures, with existing investors Google Ventures, Foundry Group, IDG Ventures, and Golden Venture Partners all participating. In total, Yesware has now raised a total of $18.5 million. The new funds will be used to accelerate the company’s continued growth and platform expansion efforts.  READ MORE

Stackdriver raises $10M in funding

Stackdriver, the provider of intelligent management for cloud-powered applications, today announced that it has closed a $10M round of Series B financing, led by Flybridge Capital Partners, with existing investor Bain Capital Ventures also participating.  In addition, the company announced the general availability of Stackdriver Intelligent Monitoring, a monitoring-as-a-service solution that uses advanced analytics to proactively identify performance issues and bottlenecks within distributed applications.   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

DisruptiveApps raises $400K in funding

As reported by The Boston Business Journal, DisruptiveApps has raised $400K in funding.  The funding was led by Panacea Capital Advisors.  DisruptiveApps is the developer of the iJukebox music service, a B2B API platform solution.  READ MORE

Cloud Technology Partners raises $5M in funding

Cloud Technology Partners, the leader in transforming enterprises through cloud solutions, today announced the closing of a $5 million Series B round. The funding, led by Oak Investment Partners, will be used to support the firm’s rapid growth and to expand its professional services and software offerings.  READ MORE

Drync raises $900K in funding

Drync, a top wine app developer, today launched its full-featured wine discovery and e-commerce mobile app that allows users to buy nearly any wine instantly by snapping a photo of the label. Likened to "Shazam for Wine," Drync users can learn about, track, share, and buy their wine in seconds using an iOS mobile device. Emerging from beta, Drync now has a network of fulfillment partners with over 30,000 wines available for sale to consumers in 41 states.

Drync also announced that is has secured $900k to expand fulfillment and marketing, and further develop the product. Investments come from angel investors, including Mark Hastings, managing partner of Garvin Hill Capital Fund, financial industry executive Jack Remondi and Andrew Moss, founder of BuyWithMe.  READ MORE

Wanderu raises $2.45M in funding

Wanderu, a Boston, MA-based bus and train travel search startup, raised $2.45m in Series A funding.  The round was led by Alta Ventures with participation from Jeff Clarke, Bill Kaplan, Semyon Dukach, Drummond Road Capital, among others. Craig Lentzsch, Former CEO of Greyhound, and Rogelio De los Santos, AVM’s partner,  will join the board of directors in conjunction with the funding.  READ MORE

VeliQ raises $9M in funding

VeliQ, the creator of the mobility Platform as a Service (mPaaS™), today announced it has closed on a $9 million Series B round of financing. The round was led by Northcap, with T-venture to follow-up on its 2011 seed investment. The investment will support the company’s international expansion and fuel its global sales efforts, through its fast growing partner network. Since the launch of its mPaaS solution MobiDM in 2009, VeliQ has shown steady year over year revenue growth through its growing partner base of operators and integrators around the globe such as Deutsche Telecom, KPN, Portugal Telecom and Vimpelcom.  READ MORE

DraftKings adds $3M in additional funding

As per SEC filings, DraftKings in Boston has raised an additional $3M in funding to their previous round of $7M in funding.  DraftKings is an online fantasy sports company. Our core product is a 1-day Fantasy Sports Contest, where users compete against each other to win cash prizes. READ MORE

Trusteer acquired by IBM

IBM announced it has entered into a definitive agreement to acquire Trusteer, a privately held company with locations in Boston, MA and Tel Aviv, Israel.

Trusteer is a leading provider of advanced security and threat intelligence solutions that help protect organizations against financial fraud, malware and data breaches. As part of this announcement, IBM is forming a cybersecurity software lab in Israel that will bring together more than 200 Trusteer and IBM researchers and developers to focus on advanced threat, malware, counter-fraud, financial crimes and mobile security solutions. READ MORE

Jumptap acquired by Millennial Media for $200M+

Millennial Media, the independent leader in mobile advertising and data, today announced that it has signed a definitive agreement to acquire privately-held, Boston-based Jumptap in a predominantly stock transaction. Under the terms of the agreement, based on Millennial Media's closing share price on August 9, 2013, Jumptap shareholders will receive approximately 24.6 million shares of Millennial Media, corresponding to approximately 22.5% pro forma ownership post transaction. The closing of the acquisition is subject to the satisfaction of various customary closing conditions, including approval by Millennial Media's stockholders.  READ MORE

Dragon Innovation raises $2.3M in funding

Dragon Innovation, a manufacturing services firm, today launched a crowdfunding platform exclusively for hardware companies. Building on its foundation of providing services and support during the planning and production phases of new product development, Dragon Innovation is expanding the scope of its offering to include a crowdfunding platform. Today officially opens up the private beta period with several innovative hardware products seeking funding.  READ MORE

Diversified Agency Services acquires and integrates Promise Corporation with Communispace

Diversified Agency Services (DAS) announced today that it has acquired the London-based innovation and co-creation consultancy, Promise Corporation. DAS plans to fully integrate Promise into Communispace, the online insight community leader it acquired last year. 

“We have been watching Promise for years, as they have mastered co-creation and helped executives act intelligently based on what they learned from consumers,” said Diane Hessan, president and CEO of Communispace. “Everything about our business is focused on doing great work that matters, and the experience and dynamism of the Promise team is going to help us make our work matter even more for our clients.”  READ MORE