XebiaLabs Raises $12M in Funding
As reported by the Boston Business Journal, XebiaLabs in Boston, MA has raised $12M in funding from Updata Partners, a Washington, DC based firm. XebiaLabs is a provider of software delivery automation for the enterprise. READ MORE
Romulus Capital Raises $50M Seed Fund
Romulus Capital, a venture capital firm founded out of MIT focused on seed- and early-stage technology and science-enabled companies, announced today that it has raised $50 million from a powerful group of individual investors from six regions around the world including the US, Western Europe, Russia, South Asia, the Middle East, and Hong Kong. Further making the fund unique in the venture industry is the profile of investors – individuals and no institutions. As the second fund raised by Romulus, today’s milestone makes it one of the largest seed funds in the world...READ MORE
Acquia Acquiring TruCentric
Acquia, the digital business company, today strengthens its offerings for big data marketing and commerce, signing a definitive agreement to acquire Toronto-based TruCentric and its SaaS solution for real-time customer profiling and user engagement. TruCentric uses situational and historical data to drive deeper understanding of site visitors and provides insight in a way that marketers can make use of it.
"Today, everyone expects a personalized, relevant, and engaging experience, but the vast majority of visitors are typically anonymous, and therefore difficult to engage. Being a digital-first business requires a commitment to harnessing data from all prospects to make better decisions faster," said Dries Buytaert, CTO and co-founder, Acquia. "Acquia is acquiring TruCentric to help organizations get a handle on their critical customer data, quickly analyze it, and capitalize on it by delivering more engaging experiences from the very first visit to a site." READ MORE
Invaluable Raises $33.75 Million
Invaluable, the world’s largest online live auction marketplace, today announced that it has raised $33.75 million in a Series D funding round led by New York-based Insight Venture Partners, with participation from existing investors Ascent Venture Partners and Commonwealth Capital Ventures. As part of the transaction, Bradley Twohig, principal at Insight Venture Partners, will join Invaluable’s board of directors.
The new round of funding will further extend Invaluable’s market leadership position, and accelerate growth, as the company works to rapidly scale the live auction industry. Funds will be leveraged for technology innovation and team expansion, as well as additional strategic partnerships and acquisitions. The capital raise follows a record year for Invaluable in 2013, during which the company experienced a 98 percent increase in gross merchandise sales. READ MORE
Spark Capital Raises $375M Growth Fund
As per Bijan Sabet's blog post, Spark Capital in Boston has raised a new $375M growth fund properly called Spark Growth. Some sample Spark investments include Twitter, Tumblr, Oculus VR, RunKeeper, Wayfair, OMGPOP, Foursquare, Warby Parker, etc. They also announced the addition of Jeremy Philips, who will head up the new fund. READ MORE
Vsnap adds $1 million in funding
As reported by BetaBoston, Vsnap, who makes it easy for businesses to send short video messages to engage customers & prospects, added $1 Million in funding.
Acquia Completes $50 Million Financing Round
Acquia has closed a $50 million financing round, bringing total investment in the company to $118.6 million. Led by new investor New Enterprise Associates (NEA), the round includes new investor Split Rock Partners as well as existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital. Ravi Viswanathan, general partner at NEA, will join Acquia’s Board of Directors. With the new funding, Acquia will scale its sales and marketing, increase investments in the channel, and double down on key growth areas including big data marketing, personalized engagement, and commerce.
“Digital isn’t just about marketing; it is the core of modern business, disrupting everything - commerce, campaigns, customer service, employee engagement, civic engagement and more. Acquia is powering this disruption for enterprise organizations, creating an enormous opportunity to accelerate our momentum,” said Acquia CEO Tom Erickson. “With this new funding, we’re helping our customers maximize their business impact with our open cloud platform for integrated digital experiences.” READ MORE
Tackle Grab raises $1 million in funding
As reported by the Boston Business Journal, Tackle Grab in Boston, MA has raised $1M in funding. Tackle Grab is a membership based online fishing tackle retailer where members sign up to receive monthly samples of the best lures on the market today. READ MORE
SAP to Acquire SeeWhy
SAP AG (NYSE: SAP) today announced plans to acquire SeeWhy, the market-leading provider of cloud-based behavioral target marketing solutions to help businesses increase customer engagement and drive revenues. The addition of SeeWhy complements the commerce platform of hybris, an SAP company, with 1-to-1 personalized marketing based on real-time customer behavior that converts customer interactions into sales. The addition of SeeWhy will enhance the real-time customer engagement and commerce platform from hybris and across multiple SAP products by optimizing the customer experience and increases sales across an ever-growing number of delivery channels and touch points.
The growth of online and omni-channel commerce requires businesses across industries to transition to automated personalized marketing and experiences. Businesses are focusing on solutions that convert more traffic into purchases, and nurture customers across channels and devices, while marketers are shifting from one-size-fits-all marketing. READ MORE
Evergage Secures $4 Million in New Funding
Evergage, provider of the market-leading real-time behavior-based web personalization platform, today announced that it has closed a $4 million Series A. This round of financing, which will reinforce the company’s influence in the market, underscores remarkable performance milestones, prominent client wins and significant product advancements.
The investment was led by G20 Ventures, a venture capital group of technology pioneers guided by co-founders Bob Hower, who joins the Evergage board of directors, and Bill Wiberg. The company’s existing major investors – including Point Judith Capital, Advanced Technology Ventures, Jit Saxena, Stephan Schambach, Andy Ory, and Jim Baum – also participated in the round. READ MORE
Drizly Raised Additional $2.5M In SEED Capital
Drizly, a Boston, MA-based smartphone app for alcohol delivery, raised an additional $2.5m in seed capital.
The round was led by Continental Investors of Chicago, with participation from Gary Vaynerchuk through his new Vayner RSE fund, and Suffolk Equity, as well as participation from existing investors announced in January as part of the initial $2.3m in seed funding (read here). In conjunction with the funding, Paul Purcell of Continental, will be joining Drizly’s Board. READ MORE
Ditto Secures More than $2M in Funding
Ditto Labs – the pioneer in photo-analytics announces an additional investment of $2.2 million from Cue Ball Capital, Stage 1 Ventures, and leaders in media, technology and advertising. Ditto is the only company scouring the daily torrent of publicly shared photos for brands and products. This is a game-changer for marketers who have never been able to identify and engage directly with consumers who are sharing more than 5 billion photos on social media each week. Ditto automatically identifies who cheers for the Red Sox, who eats at Burger King, who drives a Jeep, and who wears Prada.
Built by a team of MIT-trained computer scientists, Ditto’s proprietary visual search engine adds structure to this unstructured data stream enabling enterprises to make better decisions about product use and audience targeting... READ MORE
Jack Morton Acquires Genuine Interactive
Jack Morton Worldwide, one of the world’s largest and most respected brand experience agencies, celebrating 75 years in business, is acquiring Genuine Interactive, a leading digital, mobile and social firm in Boston, thereby giving it unmatched capabilities to seamlessly connect clients with consumers.
“We’re building the agency for now and fulfilling our clients’ need for experiences that reach people at every touchpoint,” Josh McCall, Jack Morton’s Chairman & CEO, commented. “Adding digital, social and mobile to live brand experiences isn’t an option anymore; it’s required and expected. Although we’ve been on this path for quite a while, we need to continue to evolve and grow digital, social and mobile on a larger scale. Genuine Interactive is the perfect partner to help us expand this vision of a digitally enabled brand experience agency, and allows us to create a powerhouse of two incredibly talented and creative teams.” READ MORE
QPID HEALTH SECURES $12.3M SERIES B FUNDING
QPID Health, which has committed to bringing clinical intelligence to healthcare providers to improve outcomes and lower costs, today announced a $12.3M Series B round of funding led by New York City-based New Leaf Venture Partners. The company will use the investment to meet the market demand for its clinical intelligence solution, which promotes cost-effective and high quality patient care by making it easy for clinicians get access to patient data stored in electronic health records (EHRs) and other backend data repositories. The QPID software, which sits on top of virtually any EHR, has proven that it can generate a strong ROI for hospitals and physician practices. QPID Health welcomes New Leaf’s Managing Director Philippe Chambon to its board of directors.
Today’s investment enables QPID to accelerate the growth of the company and support wider use of its proven software solution in leading hospitals and healthcare systems in the U.S. Current customers include Massachusetts General and Brigham & Women’s Hospitals as well as other members of the Partners HealthCare system. Implementations in other leading medical centers across the country are under way. READ MORE
Allclasses Raises $1.5M in Funding
Allclasses, a vertical search engine for finding online and offline courses has raised a $1.5 million in funding. Investors in the round include: Floodgate Fund, Great Oaks Venture Capital, Atlas Venture, Designer Fund, Maiden Lane, & angel investors...READ MORE
Perfecto Mobile Raises $20M in Funding
Perfecto Mobile, provider of the MobileCloud™ Platform and integrated mobile application quality suite, today announced it has raised a $20 million growth equity investment from new investor FTV Capital, with continued participation from existing investors Carmel, Vertex and Globespan Capital Partners. The latest capital infusion will be used to further fuel Perfecto Mobile’s record growth and continued market leadership in the rapidly emerging mobile application quality space... READ MORE
LogMeIn Acquires Ionia Corporation
LogMeIn, Inc. (Nasdaq:LOGM) announced it has acquired Ionia Corporation, a system integrator specializing in connected solutions. The move is part of a larger strategy to accelerate LogMeIn's IoT opportunity by helping early customers of its Xively Cloud Services platform quickly go to market with their connected offerings.
Prior to the acquisition, Ionia IoT consultants delivered more than 300 cloud business solutions. A Salesforce.com silver partner and Heroku platinum partner, Ionia was ranked number one by Salesforce.com customers in the manufacturing and health/life sciences markets, and won the 2013 Salesforce Partner Innovation Award for Mobile. LogMeIn's Xively IoT Platform-as-a-Service, which was introduced in 2013, has earned top awards by GSMA Mobile World Congress, ARM and CTIA for helping companies optimize internal operations and build connected products for sale.
Stackdriver Acquired by Google
We are very excited to announce that Stackdriver is joining Google! We are grateful for the incredible team, amazing customers, and dedicated investors, and we thank you all for your support.
We started Stackdriver in 2012 to make operations easier by giving people better visibility into their cloud-powered applications. We believed then, as we do now, that data visualization and analytics are powerful tools to make monitoring more useful. READ MORE
Vhoto raises $2.4M in funding
Vhoto, the company that finds amazing photos through the power of video, announced today that its revolutionary Vhoto App for iPhone and iPod touch is now available exclusively on the App Store in the United States and worldwide. Vhoto is free, easy, and fun! Simply take a video using the Vhoto camera app or choose a video from your iPhone or iPod touch’s library. Vhoto’s proprietary technology automatically finds amazing photos hidden inside your video. Then you can save or share your favorite photos ...READ MORE
ANSYS acquires SpaceClaim
Since the inception of SpaceClaim, our focus has been on providing engineers with powerful tools that make their jobs easier. We developed the first truly intuitive 3D modeling solution that puts the power of geometry creation and manipulation into the hands of any engineer who needs it. Since then, we’ve continued to expand our capabilities into new areas such as sheet metal and 3D printing. Every step of the way, we have committed ourselves to listening to our customers and delivering innovative, high quality products.
Earlier today, it was announced that SpaceClaim Corporation has been acquired by ANSYS. ANSYS is the world’s leading provider of engineering simulation software and has been helping engineers and manufacturers predict the behavior and performance of their innovations for over 40 years... READ MORE
TripAdvisor Acquires Vacation Home Rentals
TripAdvisor, Inc. TRIP +0.77% , today announced it has acquired Vacation Home Rentals, a Massachusetts-based vacation rentals website. Vacation Home Rentals features more than 14,000 properties around the world.
"We're thrilled to welcome Vacation Home Rentals to the TripAdvisor family," commented Dermot Halpin, president, TripAdvisor Vacation Rentals. "The team delivers a great experience for both homeowners and travelers and the inventory is a valuable addition to our fast-growing business." READ MORE
Understory Raises $1.9M in Funding
Understory, creator of next-generation weather sensor hardware and data networks, announced today that it has received $1.9 million of funding in a seed round led by Palo Alto, CA-based True Ventures with participation from RRE Ventures, Vegas Tech Fund, SK Ventures and Andrew C. Payne. With this new funding, Understory will implement the planned and approved deployment of its network of patent-pending weather stations across the Kansas City, MO metropolitan area. After spending a year at Boston-based Bolt, a hardware-focused seed fund, Understory is now actively recruiting data scientists, back-end software developers, product managers and electrical engineers.
While traditional, radar-enabled weather centers collect data by analyzing conditions observed in the atmosphere, Understory—named for the area in a rainforest beneath the forest canopy— detects rain, hail, wind and other weather events directly at the earth's surface, where the risk to life and property is greatest. This "ground-truth"-based detection is a marked enhancement in both resolution and fidelity, providing real time datasets and graphical views of the movement and intensity of weather events, which leads to better insight and early detection of risks. READ MORE
DataXu Acquires JasperLabs
Today, JasperLabs, the dynamic creative optimization (DCO) company I founded three years ago, was acquired by DataXu. Before I had even met the DataXu team, I used to reference a nice DataXu study in which it’s shown that creative is one of the most significant drivers of campaign performance. So as you can imagine, I’m extremely excited to have JasperLabs technology become part of the DataXu programmatic marketing stack...Read More
Intralinks Acquires docTrackr
Intralinks® Holdings, Inc. (NYSE: IL), a global SaaS provider of inter-enterprise content management and collaboration solutions, today announced the acquisition of docTrackr, a leading provider of document security solutions. docTrackr’s innovative security and digital rights management (DRM) technology will be integrated into the Intralinks platform. In addition, Intralinks announced a new service that gives organizations exclusive control over their data encryption keys, further strengthening security and data privacy by ensuring that only the key holders can access files in a readable format... READ MORE
Placester Raises $5.5M Series A Funding
Placester, the real estate advertising network, today announced a $5.5M Series A financing round led by Romulus Capital, which also led the company’s seed round, with additional participation from existing investors Dave Anderson (Kiva, Silverpop), Josh Summers (Clypd, Where.com), David Cohen (Founder of Techstars), Adam Berrey (Curoverse, Brightcove, Allaire) and Angel Street Capital. With this round, Placester also announced a new product for local media companies with a nationwide deal with Hearst Corporation. The end-to-end, white-labeled consumer real estate portal combines listing data, powerful free-text search technology and a native advertising platform designed for the needs of the industry.
Together with its website product for real estate agents, Placester is realizing its long-term vision of connecting local publishers to the world’s real estate professionals. These publishers have long been out of reach to most real estate professionals due to market fragmentation and antiquated advertising choices. For publishers, this represents a fresh opportunity to garner more of the enormous digital advertising investment made each year by real estate professionals, estimated to reach $14.5B by 2017. READ MORE
Consumer United raises $14M in funding
As per BetaBoston, Consumer United in Boston, MA has raised $14M in funding. The round of funding was led by Spark Capital & Thayer Street Partners. Consumer United is an online independent insurance agency. READ MORE
ezCater Raises $4M in Growth Capital
ezCater, Inc, the only national player in online catering ordering for business meetings, is completing a raise of growth capital, for $3M. This follows the $1M in growth capital raised in 2013. Investors include Breton Capital Management (a private equity firm), Launchpad Venture Group (one of the country’s 5 most active angel groups), and super angels such as ZipCar investor Jill Preotle.
The company will use much of the new capital to add 20,000 caterers to its site. “We already offer customers the widest selection of caterers to order from. Within 12 months, you’ll be able to order catering online at ezCater.com from well over 50,000 caterers nationwide,” said Stefania Mallett, CEO.
Matchbox Acquired by TargetX
TargetX announced today the acquisition of Matchbox, the leading provider of mobile application review in higher education. The Matchbox app provides the ability for college admissions professionals to read, review and make decisions on applications directly from their iPad.
"Admissions offices need more effective tools to review the ever increasing number of applications they receive during the recruitment season," said CEO of TargetX, Sasha Peterson. "Matchbox is an excellent solution for today's modern office and the perfect complement to our online application product." READ MORE
Drync Secures $2.1M in Funding
Drync, a top wine app and leader in visual commerce, today announced it has secured $2.1M from marquee venture and individual investors and has expanded its executive team with the addition of Brian Carr, who has been named COO of the company. Carr comes to Drync from Springpad, a venture-funded Evernote competitor and TIME Magazine top 50 app two years running, where he was VP of Marketing.
Investors in this round include Cross Link Ventures, Great Oaks Venture Capital, KEC Ventures and Foundry Group, which led the largest syndicate on AngelList to date, raising over $434k for Drync. Hubspot founder, Darmesh Shah and ScanScout founder, Wakit Lau, also made individual investments in the company. This seed round is on top of a $900k initial investment in August. READ MORE
Wellframe raises $1.5M in funding
Wellframe, a Boston-based company that combines mobile technology and artificial intelligence to amplify caring clinical relationships by engaging patients in personalized care plans, today announced that the company has secured $1.5M in seed funding from leading entrepreneurs and investors. These include, among others, athenahealth CEO, Jonathan Bush, Founder and Managing Director of Draper Fisher Jurvetson, Tim Draper, President of the British Medical Association, Sir Sabaratnam Arulkumaran, Former Global Managing Director at Accenture, Russ Nash, Venture Partner at Fidelity Biosciences, Carl Byers and Founder and Managing Partner, Leerink Capital Partners, James Nahirny. Wellframe was also a member company of Rock Health's fourth class. READ MORE