Linkable Networks Raises $11.7 Million in Funding
Linkable Networks today announced $11.7 million in funding along with three key executive team hires as the company positions itself for accelerated growth in 2015. In addition to driving enhancements to its core platform, the additional working capital enables Linkable to scale its direct to consumer loyalty platform that allows retailers and CPG brands to engage the next generation of shoppers.
To support acceleration and product enhancement, Linkable is planning to double its staff over the next six months with a focus on expanding development, client support and sales. The company welcomes three senior executives to its leadership team... READ MORE
ERT to Acquire PHT Corporation
ERT, a leading global solution provider for high-quality patient safety and efficacy endpoint data collection, and PHT Corporation (PHT), the eClinical innovator leading the adoption of patient-driven mobile apps for improved clinical research, announced today that they have signed a definitive agreement under which ERT will acquire PHT. Financial terms of the transaction were not disclosed.
The transaction combines the flexible eCOA platform and world-class customer service of PHT with the leading clinical trial technology and service offerings of ERT, creating the most innovative and comprehensive solution for patient end point collection and data analytics for global clinical trials. READ MORE
Workable Raises $5M
Workable, the software of choice for SMBs looking to take their hiring online, has secured $5m of additional funding from its existing investors. Workable enables smaller companies to post to multiple jobs boards, review candidates and schedule interviews.
Workable is persuading people to switch from spreadsheets and email to affordable hiring software. It saw a tenfold growth in revenues last year by putting tools that used to be the preserve of large organizations within realistic reach of SMBs. READ MORE
Ed Trips Raises $1.9M
As reported by Boston Business Journal, Boston-based field trip software startup EdTrips has raised $1.9 million in equity funding, according to a Wednesday regulatory filing. READ MORE from BBJ.
InMoji Raises $1M
Today, Boston-based InMoji announced it has scored $1 million so it can connect consumers to brands through messaging.
Founded last year, the startup offers clickable icons — called InMoji — that live in a message and can connect you to, say, an offer from Nike.
Investors include David Chang with participation from Paypal’s Start Tank, Atlas Venture, and others. READ MORE from VentureBeat.
Read More about InMoji on VentureFizz from January.
Next Step Living Raises $18.2M in Series C Funding
Next Step Living, Inc., a leader in residential energy efficiency and renewable energy, has raised $18.2 million in a Series C financing. New investor VantagePoint Capital Partners led the round. Existing investors, including Black Coral Capital and Mass Green Energy Fund, also participated in the round, which remains open.
The financing allows Next Step Living to expand its geographic base and thus serve homeowners in Connecticut, Maryland, and other states on the Atlantic Coast. To date, Next Step Living has primarily conducted its operations in Massachusetts...READ MORE
FamilyID Raises $850,000
FamilyID, Inc., a Waltham, MA-based online registration and payment platform for all types of programs such as schools, camps, teams and clubs, raised $850k in its first institutional round.
The round was led by Boston Seed Capital with participation from CommonAngels Ventures. In conjunction with the funding, Peter Blacklow, a senior Partner at Boston Seed Capital and formerly the president of WorldWinner, a subsidiary of GSN (Game Show Network), is joining the FamilyID board. READ MORE
Paint Nite raises $13M in funding
As reportered by Sara Castellanos of Boston Business Journal, Paint Nite, a Somerville-based startup that offers nightly group painting workshops with cocktails at various locations, has raised $13 million in equity funding. READ MORE
Bessemer Venture Partners Announces a $1.6 Billion Fund
Today, Bessemer Venture Partners is pleased to announce a new $1.6 billion fund, BVP IX, to invest in innovative companies around the world. We are now looking for the next generation of BVP-funded companies.
In addition to exploring exciting new areas of opportunity, we continue to focus on sectors in which we’ve partnered to build category leaders. READ MORE
Samsung to acquire LoopPay
Today is a great day for LoopPay and all those who have supported us over the last few years. I’m excited to let you know that LoopPay has signed an agreement to be acquired and become a wholly owned subsidiary of Samsung Electronics America, Inc.
With our earliest supporters at our side, we have been at the forefront of contactless payments to create a platform that brings together issuers, merchants and consumers that facilitate a seamless and rewarding digital wallet experience. We will continue to innovate and operate as an independent team from Boston, Massachusetts.
Thanks to our customers, staff, management team, families, partners and investors who have made LoopPay the world’s most accepted mobile payment solution which leverages existing magnetic stripe readers to receive payments from consumers’ mobile devices.
Our vision of inspiring consumers to transition from a physical wallet to a truly digital wallet will continue. I’m most excited that Samsung shares this vision and has chosen to help change how we shop and pay for goods and services. We look forward to working with Samsung to offer the world’s most secure and compelling mobile platform.
The road ahead is an exciting one, and we look forward to continuing this journey together.
Read More about LoopPay from previous coverage on VentureFizz here.
TraceLink Secures $20 Million
TraceLink Inc., the leader in protecting patient safety and enabling health for global Life Sciences, today announced that it has raised $20 million in new venture funding led by Volition Capital, including participation from Fidelity Biosciences and existing TraceLink investor, FirstMark Capital. With more than 120 countries currently reporting counterfeit drugs in the pharmaceutical supply chain, the Life Sciences industry is facing a global transition, where a wide range of new and emerging regulatory laws will protect more than 75% of global medicines by 2018. As Life Sciences companies work to transform their supply chains, the TraceLink Life Sciences Cloud has quickly become the industry-leading platform that drug manufacturers, distributors, repackagers and dispensers rely on to exchange required compliance information and deliver safe medicines to patients everywhere.
“TraceLink is the clear category leader of track and trace software for the Life Sciences industry, and in just a short time, the company’s Life Sciences Cloud platform has become the trusted solution for more than 100 pharma companies, ranging from the world’s largest pharmaceutical manufacturers to small, independent pharmacies,” said Sean Cantwell, partner at Volition Capital. “What sets TraceLink apart is the unique approach it has taken to efficiently build a network infrastructure on which the entire pharmaceutical supply chain can connect, collaborate and exchange information in the face of new and complex laws. This differentiated approach positions TraceLink to win global market share faster than anyone else in this sector, and we’re excited to help the company drive its plans for future growth and expansion.” READ MORE
RapidMiner Raises $15M in Funding
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced it closed $15 million in Series B investment led by Ascent Venture Partners and Longworth Venture Partners, with renewed commitment from Series A investors, Earlybird Venture Capital and Open Ocean Capital. This brings the total investment in RapidMiner to $20 million. The new capital will enable RapidMiner to execute on aggressive growth plans as the company furthers its global agenda to bring self-service advanced analytics to next-generation data scientists.
“The Big Data rush is here today, and companies that can quickly and efficiently capitalize on this will emerge leaders,” shared Luke Burns, partner at Ascent Venture Partners. “RapidMiner’s code-free advanced analytics platform puts the power of modern analytics into the hands of business analysts and data scientists, optimizing productivity and making it easier for anyone to use predictive analytics.” READ MORE
Cuseum Raises $1.2 Million in Seed Funding
Art tech startup, Cuseum, to bring mobile app platform to the museum and cultural world.
BOSTON, MA (February 18, 2015) – Cuseum, a startup focused on mobile technology for the art and cultural sector, announced today that it closed a seed investment of $1.2 million.
Investors in this round include Foundry Group’s FG Angels, Atlas Venture’s Boston Syndicates, Seavest Capital Partners, Drummond Road Capital, and New Gen Partners. Funds were also raised from angel investors Paul English, Joshua Schachter, Deborah Ellinger, Wayne Chang, Colin Angle, Nicole Stata, David Chang, Jit Saxena and others.
“We are thrilled to close our seed round of funding with a group of investors that are excited and eager to assist in the growth of Cuseum. The funding will allow us to leverage our expertise and grow rapidly towards powering the mobile passport to the art world,” said Brendan Ciecko, founder & CEO of Cuseum.
“We're hugely impressed by Brendan's vision to bring art and culture to life through mobile and beacons, thereby unlocking a world of shareable content for consumers and rich visitor insights for museums,” said investor Brad Feld of Foundry Group.
Cuseum’s technology is currently used at several museums and galleries in Boston and New York City. The company will use the funds to expand their sales, design, and development teams.
“We aim to be the go-to technology leader for the art world,” says Ciecko. Cuseum offers several new tools and technologies, including support for Bluetooth beacons. “We see the introduction of beacons as transformative and know it will significantly enhance the visitor experience. We’re excited to bring this to cultural venues globally with the power and ease of our platform.”
To learn more and stay updated on news from Cuseum, please visit www.cuseum.com
Cuseum (formerly Spotzer) is transforming the way people interact with art and culture using mobile technology and social networking. Cuseum’s platform powers mobile apps that are social, engaging and proximity-aware (using beacons) to enhance the art experience. Cuseum’s platform provides museums, galleries and cultural venues with tools to create new curated experiences, insights through advanced data analytics, and new revenue opportunities. Cuseum is building the infrastructure, network and mobile passport that connects art and millions of art lovers to the digital world.
Fluent Acquires Streak Media
College Marketing Agency to Expand Reach of Popular Student News Service to Campuses Around the Country
Fluent, a Boston-based college millennial marketing and insights agency, today announced it has acquired Streak Media, the daily online newsletter of campus-based, local and global news curated and delivered to college students and alumni of selected schools nationwide. By joining forces with and tapping into Fluent's established network of over 1,000 U.S. colleges and universities, Streak Media has the potential to evolve into a major mainstream college news source that appeals to college millennial's interest in instant, and easily-digestible information that's accessible from any digital device. Terms of the deal were not disclosed.
"Just when digital media and social networks were starting to converge, Mike and his group of Boston College classmates found an ingenious way to capitalize on the value of immediate, hyperlocal information for campus audiences," said Fluent CEO Chip Rives. "Bringing this talented group of media entrepreneurs onboard is a natural fit for Fluent; it works perfectly within our mission of helping brands create useful, meaningful and lasting connections with college millennials, and that starts with understanding what the college millennial knows and cares about." READ MORE
Buildium Acquires All Property Management
Buildium Acquires All Property Management, the Leading Online Marketing Service for Property Managers.
A letter from Michael Monteiro, co-Founder and CEO of Buildium:
Today I’m excited to announce that we acquired All Property Management™, an online marketing service that connects property management companies with property owners who are looking for property management services in their area. You can read our formal press release announcing the acquisition, but I wanted to tell you why we’re so excited about it, and what it means for you as a Buildium customer. READ MORE
Learn more about Buildium on their BIZZpage.
Grapevine Secures $1.1 million in Seed Funding
As reported by VentureBeat, Grapvine, who connects brands with popular YouTube creators to drive sales, signups, and buzz, has secured $1.1M in Seed Funding.
“Grapevine helps products sell by using YouTube stars,” CEO and cofounder Brendan Lattrell told VentureBeat. READ MORE
NVBOTS Closes $2 Million Seed Round
NVBOTS, creator of the world’s first fully-automated 3D printer, today announced it has secured a $2 million seed funding round, oversubscribed by domestic and international investors. As part of the round, Mike Foley, manufacturing expert and former CEO of Reflexite (sold to Orafol), will be joining the board of directors. NVBOTS will be using the funds to support business development and NVPro production efforts. The funding comes on the heels of additional leadership milestones, including COO Chris Haid being named to the Forbes list of 30 under 30 leaders in manufacturing.
NVBOTS offers an easy-to-use and easy-to-share 3D printing experience, based on the NVPro 3D printer, the first end-to-end 3D printing solution with automated part removal. Paired with the NVBOTS cloud-based interface, the NVPro runs continuously, 24-7 from any device. NVBOTS aids educators in adopting the versatile technology by providing educational modules designed with Common Core Standards and Next Generation Science Standards in mind.
“NVBOTS is enabling students to succeed in the classroom, at home and in life, by giving them technology that allows them to innovate in ways never before thought possible” said CEO AJ Perez. “We are excited about the close of this round and look forward to working with industry experts such as Mike Foley, as we lead the way in democratizing 3D printing.”
NVBOTS is disrupting the 3D printing world by providing the first fully-automated 3D printer. Focused on enabling students, educators and businesses to bring ideas to life, NVBOTS is passionate about offering a complete 3D printing experience that is easy, safe and includes superior levels of service, ensuring a satisfying and motivating 3D printing experience. The company is headquartered in Boston, MA. For more information, visit www.NVBOTS.com or follow us on Twitter @NVBOTS and on LinkedIn.
READ MORE about NVBots on VentureFizz here.
Listen Current Announces $950,000 in Seed Funding
Listen Current, an edtech company which curates the best of public radio to keep teaching connected to the real world and build student listening skills at the same time, announced today it has raised a $950,000 seed round from a mix of angels and institutional investors, led by Launchpad Venture Group, the largest angel investment group in the Northeast. The seed round was also financed by impact investing groups NewSchools Venture Seed Fund, Investors Circle, and the Patient Capital Collaborative as well as individual angels and the Angel Investor Forum.
Founded by award-winning public radio reporter Monica Brady-Myerov, Listen Current is the leading provider of non-fiction audio news stories in the classroom. The management team includes distinguished education technology veteran Karen Gage, a former Blackboard and Pearson executive. Listen Current is a graduate of the inaugural cohort of the LearnLaunch Accelerator, a premier edtech accelerator in Boston. READ MORE
Vaultive raises $8M in funding
Vaultive, the leader in cloud data encryption, today announced an $8 million dollar financing round, led by .406 Ventures, New Science Ventures and Harmony Partners. The company will use the new funding to fuel continued growth, and advance its industry-leading encryption platform for cloud data.
Vaultive also announced new additions to the executive team, including Jonas Hellgren as President and CEO, and David Kahan as CFO and General Counsel. Hellgren brings a strong track record of building and scaling high-tech companies poised for growth. With more than 20 years of experience in business management and strategic development, Hellgren will focus on continuing Vaultive’s growth in strategic markets where Vaultive’s encryption technology is relied upon to secure critical data in the cloud. Prior to joining Vaultive, Hellgren was SVP of Operations at Jumptap, where he led key operational teams during a period of tremendous revenue growth. Previously, Hellgren served as SVP, Managed Security Services at Verisign...READ MORE
Lineage Labs raises $4M in funding
As reported by The Boston Business Journal, Lineage Labs has raised $4M in funding. Investors in the round include Paul English's Blade, The Kraft Group, CommonAngels Ventures, and Windspeed Ventures. Lineage Labs' first product is called Bevy, which is creating new ways for families to experience digital photos and video... READ MORE
Attend.com Raises $5.6M
As reporter by Boston Business Journal, Attend.com, All-in-one software to help you plan, produce, and improve events, has Raised $5.6 Million. READ MORE
GrubHub Acquires DiningIn
GrubHub GRUB 3.08% is a $3 billion company known for helping to connect hungry users with restaurants that will deliver them food. Now GrubHub wants to deliver the meals itself, in a major preemptive move against on-demand delivery aspirants like Google GOOG 1.73% and Amazon AMZN 0.19% .
The Chicago-based company already had been testing its own service in three markets — San Francisco, Los Angeles and Chicago — but this morning announced that it has acquired DiningIn (based in Brighton, Mass.) and signed an agreement to acquire Restaurants on the Run (Aliso Viejo, Calif.). The two deals are worth approximately $80 million, and mean that GrubHub will be executing deliveries for nearly 3,000 restaurants in around one dozen U.S. metro markets. READ MORE on Fortune
HourlyNerd Raises Series B Investment
HourlyNerd, the leading online marketplace for elite freelance business talent, announced today that it has raised $7.8 million in Series B funding, led by Highland Capital Partners, with participation from GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, angel investor Semil Shah, former Etsy CEO Maria Thomas, Rent the Runway Founder/CEO Jennifer Hyman and Boston VC Suffolk Equity Partners.
This new round of funding comes just 11 months after HourlyNerd announced its Series A financing round, led by Highland Capital Partners and Greylock Partners, and just 15 months after announcing a seed funding round led by billionaire angel investor, Mark Cuban. HourlyNerd will use the financing to continue expanding upon its market-leading technology platform. READ MORE
Bolt Raises $25M Second Fund
Bolt, a Seed-stage fund propelling hardware startups with capital, expert engineering staff, equipment, and manufacturing support, announced it closed its second fund at $25 Million and has opened a second facility in San Francisco. READ MORE
nToggle Raises $5.6 Million In Series A Funding
Veteran Ad Tech Team, Top VCs and Industry Angels Focus on Bringing Heightened Efficiency and Transparency to Programmatic Advertising.
nToggle, a Boston based company in stealth mode, announced today it closed $5.6 million in Series A funding, led by Sigma Prime Ventures and Bessemer Venture Partners (BVP).
Founded by ad tech veteran Adam Soroca (former chief product officer at Jumptap, acquired by Millennial Media), nToggle uses a proprietary algorithm-driven software platform to help supply and demand partners manage their ever-expanding bid stream. The company’s big data platform “toggles” real time bidding requests across all digital media, utilizing the latest analytical and machine learning techniques to optimize supply and demand matching. READ MORE
TripAdvisor Acquires ZeTrip, Inc.
TripAdvisor(R), the world's largest travel site*, today announced it recently acquired ZeTrip, Inc., including its product Rove, the personal journal app that helps users log activities including places they have visited and photos they have taken. ZeTrip employees have moved into the TripAdvisor Palo Alto office and have integrated with the TripAdvisor mobile team.
"We are pleased to welcome the innovative ZeTrip team to the TripAdvisor family," said Adam Medros, senior vice president, Global Product, TripAdvisor. "The team will be a valuable addition to our mobile group and we look forward to integrating the company's technology to further enhance the experience for TripAdvisor mobile app users." READ MORE
QuantumID adds $2.5M
As Reported by Boston Business Journal, QuantumID, a Leader In Providing Turnkey Solutions to Improve Visibility of Packages, Assets, Business Operations and Work Processes in Select Industries, has raised $2.5 million. READ MORE
WHOOP Raises $3M in Seed Funding
As per SEC filings, WHOOP (formerly known as Bobo Analytics) has raised $3M in seed funding. Whoop is a technology and data analytics company for performance optimization. READ MORE
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy expands into footwear manufacturing business with Micro Shoery
ShoeBuy, a leading global online retailer of shoes and clothing for shoppers seeking the best variety and brands, today announced it has acquired a minority stake in Boston Boot Company. The acquisition marks ShoeBuy’s expansion into the footwear manufacturing business, and provides an opportunity for the company to directly deliver superior products to its customers.
“We are excited to acquire a stake in Boston Boot Company to uniquely expand ShoeBuy’s foothold in all things shoe-related. Boston Boot Company, with its commitment to and passion for quality, brings a new business, new expertise and new opportunities to ShoeBuy,” said Mike Sorabella, ShoeBuy CEO. “With both companies rooted in Boston and strongly committed to delivering a great customer experience – the fit was natural.”
Boston Boot Company’s mission is to craft high-quality boots for men, using the best ingredients in small batches, for customers who appreciate a well-made product. With Shoebuy’s proven track record of innovation in operations, fulfillment and marketing, it is well-positioned to expand the distribution of the Boston Boot products very quickly.
“At its core, Boston Boot Company, is a micro or ‘craft shoery.’ We use the finest materials, take incredible pride in our product from the eyelets to the insoles, and strive to produce superior boots for our customers,” said Joe Lyons, Boston Boot Company Co-Founder. “We are thrilled with the opportunity to benefit from ShoeBuy’s eCommerce expertise and broad reach to ensure maximum exposure for our brand. This partnership allows us to focus on making great boots – one pair at a time.”
Boston Boot Company, founded by Joe Lyons and Joe Prew, began like many start-ups with a few passionate people driven by a common goal; the team’s sole commitment is to create boots that are stylish, comfortable and durable. Initially financed through a creative fundraising campaign via Kickstarter in 2013, the first boots were shipped in Spring 2014. The company now offers several collections, each designed with classic, rugged and independent spirit. Now, the complete Boston Boot Company product line is available at ShoeBuy.com, bringing the brand to millions of shoppers.
Financial details of the deal were not disclosed.
With more than one million products for customers to choose from, ShoeBuy is a leading global retailer for shoes, clothing and accessories for shoppers seeking the best variety and brands. The ShoeBuy customer experience extends beyond shoes through the company’s broad portfolio of products, as well as the exclusive Events.ShoeBuy.com featuring invitation-only private sales. ShoeBuy.com was founded in 1999 and is an operating business of IAC (Nasdaq: IACI). Learn more at shoebuy.com, connect with us on Twitter @ShoeBuy, follow us on Pinterest or visit our Facebook page.
About Boston Boot Company
Founded in 2013 and headquartered in Massachusetts, Boston Boot Company brings men new choices in boot options. Combining craftsmanship, comfort and innovation, Boston Boot Company’s line of Horween leather boots is classic in design, while providing a level of durability and comfort not often found in casual boots. The company was founded by Joe Prew and Joe Lyons. Learn more at bostonbootco.com.
Iora Health Raises $28 Million Series C Financing
Iora Health today announced it has secured $28 Million in its Series C funding round from four new investors: Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures, and its existing investors, including .406 Ventures, Fidelity Biosciences and Polaris Partners. Iora Health will use the additional financing to fund rapid expansion to continue delivering transformative health care. Already in six states, Iora expects to double in size in 2015.
Iora Health has developed a dramatically different health care operating system that starts with primary care, driving best-in-class patient experience, engagement and clinical outcomes, while reducing overall health care costs. Iora’s model is powered by its proprietary collaborative care system. The technology enables the teams to better care for their entire patient populations -- patients who come to see them and those who don’t. READ MORE