Boston, MA
Perfecto Mobile announced it has secured $15 million in the company’s third round of financing. In recent years the company has achieved over 100 percent annual revenue growth, established a customer base of more than 600 organizations, and led the market in product innovation. This latest funding, led by Globespan Capital Partners, a global venture capital firm specializing in information technology, joined by existing investors Carmel, Vertex and the Waisbein Fund, will further Perfecto Mobile’s business growth and accelerate continued innovation.
Per SEC filings, DisruptiveApps raises $500K in funding. DisruptiveApps is the developer of the SaaS based iJukebox music service.
Rapid7, a leading provider of security risk management solutions, today announced that it has acquired Mobilisafe - a Seattle-based Mobile Risk Management (MRM) provider - and entered a new market with its solution for managing the risk associated with Bring Your Own Device (BYOD). Mobilisafe's cloud-based risk management solution perfectly complements Rapid7's existing security assessment and management solutions, Nexpose and Metasploit. These solutions enable organizations to gain visibility into the threats they face, manage and prioritize risk, and take targeted action to improve their security. The addition of Mobilisafe enables Rapid7 customers to realize the same benefits across their mobile assets, addressing the challenge many organizations face with employees bringing their own devices into the workplace.
Boston startup Libboo,
which last week launched its pilot program with publishing powerhouse Houghton
Mifflin Harcourt (HMH), today announced the close of a $1.1 million
seed round of financing led by Boston-based MassVentures. Other
investors included Hubspot CTO and founder Dharmesh Shah, Avid and
Wildfire founder Bill Warner, and past President and CEO of Compete, Don
McLagan.
Libboo, a TechStars Boston company and MassChallenge
finalist, is an online platform that connects "buzzers" (passionate
readers and advocates who love to raise awareness about the books and
authors they enjoy) with books from talented authors, to more
effectively get those authors discovered by new audiences. Buzzers get
rewards such as free ebooks, and increase their influence by sharing
great writing with friends and followers via social media, email, and
other online channels. With its pilot program, which launched on
September 24, 2012, Libboo introduced revolutionary ways to combine the
power of reader and author to create award-winning bestsellers.
Cloudant today announced a custom development and strategic investment agreement with In-Q-Tel
(IQT), the independent, nonprofit organization that identifies
innovative technology solutions to support the missions of the U.S.
Intelligence Community.
Cloudant provides the Cloudant Data Layer as a service, a secure NoSQL-based
cloud database service for developers of fast-growing Web and mobile
applications. The company’s agreement with IQT will promote the use of
Cloudant’s cloud database technology within the U.S. government to more
quickly build scalable applications that collect, store, analyze and
distribute data in more flexible and interactive ways.
RAMP, the leader in next generation search and video experiences, announced today a Series C financing led by New York-based StarVest Partners. As part of the transaction, Deborah Farrington, co-founder and General Partner at StarVest will be joining RAMP’s board of directors. StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to $40 million for the company.
Cloud Technology Partnersthe leader in transforming businesses with cloud solutions, today announced the closing of a $2 million series A-2 round. The additional funding will be utilized to underwrite the company’s continued aggressive hiring plans particularly in the area of intellectual property (IP) development, as well as sales, marketing and client services. This round brings the company’s total funding to $5 million.
SapientNitro, part of Sapient (NASDAQ: SAPE), today announced that Iota Partners,
an instrumentation-driven consumer research consultancy, has joined
SapientNitro to bolster the company’s research, data and analytics
practices. The Chicago-based boutique brings 20+ years of experience and
innovation in research approaches that deepen understanding of consumer
behavior in today’s digital world.
The move is part of SapientNitro’s continued focus on tapping into the opportunities of Big Data to
help clients better understand the habits of their increasingly wired,
rapidly evolving consumers. According to research firm IDC, the world’s
data is doubling every two years, due largely to advancements in
technology.
SimpleTuition, Inc., the leading provider of tips, advice and interactive tools that help students save on college-related expenses, announced today the acquisition of ValoreBooks, an online textbook marketplace which offers huge discounts on new and used textbooks as well as rentals.
As reported by Scott Kirsner, Swap.com has been acquired by Netcycler, a Finnish company. The acquisition actually took place back in April. Swap.com is a consumer website that allows people to swap items across a variety of categories.
908 Devices, an innovator in field-portable chemical analysis, announces the closing of an $8.1M Series A investment led by ARCH Venture Partners with participation from Razor’s Edge Ventures and University of Tokyo Edge Capital (UTEC). Keith Crandell, Co-founder and Managing Director of ARCH and Mark Spoto, Managing Director of Razor’s Edge have joined 908 Devices’ board.
Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $5 million venture loan to SimpleTuition, Inc. ("SimpleTuition"), a leading provider of tips, advice and interactive tools that help students save on college-related expenses. The funds provided to SimpleTuition will support its continued growth.
As per SEC filings, Insight Guru, Inc., which operates Trefis has raised $1.4M in funding. Trefis is a stock analysis service that breaks down a stock price by the contribution of a company's major products and businesses.
Smart Lunches, one of the Internet's fastest growing providers of healthy meal options for children outside of the home, announced today that it closed a Series A investment round, securing over $1 million in additional capital. Investors included Boston-based Data Point Capital, Jonathan Kraft, President of The Kraft Group, and Lon Chow, General Partner of Apex Venture Partners, based in Chicago. Smart Lunches partners with schools, daycare centers and camps to serve children fresh, nutritious meals that parents can order 24 hours a day with the click of a mouse. These meals are delivered free to the facility each day, relieving the Smart Lunches partner -- and parents -- of the responsibilities that go along with daily lunch planning and preparation.
As per SEC filings, Best Doctors in Boston, MA has raised $45.5M in funding. Founded in 1989 by Harvard Medical School professors, Best Doctors, Inc. is transforming and improving health care. The global company serves more than 30 million members in every major region of the world. Best Doctors works with the best five percent of doctors to find the right diagnoses and right treatments, and seamlessly integrates its trusted services with employers’ other health-related benefits.
Service Management Group (SMG), the leading international customer
research firm focused on loyalty and service improvement, announced
today that it has acquired Boston-based Locately, the market leader in
consumer location analytics. Locately’s proprietary technology helps
manufacturers, retailers and restaurants understand how people shop or
make dining decisions through the unique combination of GPS analytics
and mobile surveys.
After receiving funding just two years ago,
Locately has quickly garnered a great deal of attention and accolades
both in the tech community and among consumer and shopper insights
professionals. In addition to winning Small Business Innovation Research
(SBIR) Phase I and II grants from the National Science Foundation,
Locately received funding from HackerAngels and Project 11 Ventures.
More recently, Locately was selected as a recipient of the prestigious
START Phase I award from MassVentures, the venture capital arm of the
Commonwealth of Massachusetts.
Swirl, a tech start-up that is harnessing the power of mobile, social and web technologies to reignite consumer's love of in-store shopping, has raised $6M in funding. Swirl's investors include SoftBank Capital, General Catalyst Partners and Longworth Venture Partners.
Visible Measures, the innovation platform for video, today announced
that it has secured a growth round of $21.5 million, led by DAG Ventures
with strong participation from existing investors Advance Publications,
Inc., owners of Conde Nast, General Catalyst Partners, Mohr Davidow
Ventures, Northgate Capital, and new investor Commonfund. The new
funding will further accelerate the already rapid growth and adoption of
the industry’s leading analytics-driven digital video advertising
platform among brand advertisers and premium video publishers.
“Our wonderful team at Visible Measures has been building spectacular
momentum over the past few years, and this year we’re on track to
surpass 300% revenue growth for our second consecutive year.” said Brian
Shin, founder and CEO of Visible Measures. “We’re fortunate to have
such incredible investors and partners who recognize Visible Measures’
singular opportunity to change the game in digital video, with the
industry’s only premium choice-based video platform for advertisers, the
industry’s first choice-based video monetization solution for
publishers, and our vision to power it all with our massive, exclusive
video dataset and analytics platform.”
As reported by GigaOm, Stackdriver in Boston, has raised $5M in funding from Bain Capital Ventures. Stackdrives is a startup that is focused on helping companies run large-scale production applications on public cloud infrastructure.
As per SEC filings, OpenExchange in Boston, MA has raised $3.1M in funding. OpenExchange is a cloud-based professional collaboration network connecting financial services professionals with executives and investor relations professionals.
SCVNGR / LevelUp announced today that is has raised an additional $9M in funding from T-Venture. This additional $9M is part of their Series D round of funding, which now stands at $21M and was announced in June. Since 2008, SCVNGR / LevelUp has raised $41M in funding. LevelUp is a mobile app that lets you pay with your phone to save time and money.
TribeHR, pioneer of the industry's first social HR platform, today announced it has secured $2.5 million in financing led by Relay Ventures, with participation from Matrix Partners. The funds will be used to accelerate the development of new social and mobile products and go-to-market strategies for TribeHR’s cloud-based HR management platform.
TribeHR is the only solution that manages the entire employee lifecycle from recruitment and applicant tracking, to time off tracking and salary history, and performance management. More than just an HR management platform, TribeHR melds social capabilities that stimulate employee engagement and foster strong corporate cultures. This enables organizations to move beyond paper-based methods, to automate key HR processes and drive employee engagement.
As per their company blog post, Viztu Technologies has been acquired by 3D Systems. Viztu Technologies develops custom multi-dimensional scanning and imaging solutions. Their current projects include a web-based 3D reconstruction application and the development of a free viewpoint video capture system.
WordStream Inc., a provider of search engine marketing
software and services for small and medium-sized businesses, recently
secured an additional $6 million in third-round financing, led by Sigma +
Partners as well as Egan-Managed Capital, both previous investors in
the company. The company has raised a total of $16M to date.
The additional funding will be used in continued development of WordStream’s pay-per-click (PPC) management software, PPC Advisor,
and to support the company’s ongoing expansion. Projects in the
pipeline include further expansion and innovation of the 20-Minute PPC
Work Week, a one-of-a-kind system of tools and alerts that enables
advertisers to optimize their PPC campaigns in just 20 minutes a week,
as well as continued investments in infrastructure to handle the growing
customer base.
Brightcove Inc. (NASDAQ: BCOV), a leading provider of cloud-based solutions for publishing and distributing professional digital media, today announced that it has entered into a definitive agreement to acquire privately-held Zencoder, a leading cloud-based video encoding service used by more than 1,000 organizations worldwide. Zencoder also provides Video.js, an open source HTML5 video player used on more than 24,000 websites*.
DraftKings, an online fantasy sports startup, today announced that it has closed a seed round of $1.4 million in a round led by Atlas Venture, with participation from Boston Seed Capital, Hub Angels, Angel Street Capital, and private angel investors. Featuring daily fantasy sports play and same-day settlement, DraftKings makes playing fantasy sports simpler and faster for both seasoned and casual players. Currently offering daily fantasy sports play options in major league fantasy baseball, DraftKings will use the capital raised to fund marketing and product development in anticipation of the 2012 fantasy football, fantasy basketball, and fantasy hockey seasons.
Scott Savitz, founder and former Chief Executive Officer of Shoebuy.com, today announced the launch of Data Point Capital, a $50 million venture capital fund, which will be based in Boston but with nationally recognizable investors and advisors. The fund will support new and nascent companies that can be leveraged and scaled on the Internet with great potential for growth and profitability. Current categories of interest include mobile, gaming, social networking, online payment solutions, comparison shopping, and e-commerce.
As per Mass High Tech, Pingup in Boston has raised $1M in funding with participation from Avalon Ventures. Pingup is a tech startup developing a consumer to business SMS text app to redefine how consumers and businesses communicate.
As per the Vsnap blog, they have raised $750K in seed capital. The round was led by Ted McNamara, an entrepreneur and angel investor
who was a founding team member of Rue La La and is currently an
executive in residence at General Catalyst. Additional investments came
from Boston-based angels Chris Stafford and former MFS CFO Joe Dello
Russo. Also, MassVentures via the MassChallenge Fast-Track Funding Program and California-based Warm Springs Venture Investments.
Vsnap is a simple platform, web and mobile, for sending 60 second video
messages. The key feature is the ability to attach any type of file to
the video message. This is powerful because we all need to add context
to the attachments we send to friends and colleagues. Video is an easier
and richer way to do this. The result is recipients better understand
what you're sending and why - and what you want them to do. Vsnap helps
you get people to act.
DailyBreak, which rebranded from CampusLIVE, raised $5M in funding from GSV Capital, Highland Capital Partners, and Charles River Ventures.
DailyBreak provides daily contests for consumers to earn "Coins" to enter prize raffles and to bid in prize auctions. For advertisers, their platform provides laser-focused targeting, engaging content, and guaranteed results since their model is pay-for-performance.