Boston, MA

Altimeter Capital raises $75M venture fund

As reported by VentureWire:  Boston-based Altimeter Capital, a hedge fund with more than $600 million under management, closed a $75 million venture capital fund, and opened a Silicon Valley office, founder and Chief Executive Brad Gerstner told VentureWire.  Mr. Gerstner previously funded pioneering consumer Web and travel brands like Kayak Software Corp ., Zillow Inc., and HotelTonight Inc . He is also the founder and chairman of a specialized hotel search engine, Room 77 Inc., and holds board seats at Orbitz Worldwide Inc . and Duetto Research Inc ., among other travel technology companies....  READ MORE

Wayfair.com Acquires DwellStudio

Wayfair.com, the largest online retailer of home furnishings and decor, today announced it has acquired DwellStudio, a lifestyle retailer known for groundbreaking design and impeccable quality in modern home furnishings with expertise in upholstery, case goods, furniture and textiles for baby, kids and home. The acquisition further strengthens Wayfair.com's leadership position in home retail by adding a popular lifestyle brand with core competencies in original design and product development. The deal will accelerate Wayfair.com's launch of proprietary product lines and lifestyle brands in 2013 while addressing new market segments. READ MORE

Flashnotes acquires NoteUtopia

As per the company blog - In parallel with the funding, Flashnotes has acquired NoteUtopia, a California-based online community for buying and selling class notes. The merger brings Flashnotes additional Universities, class-specific content and student members. The integration of the two companies will be complete for the Fall 2013 semester.  READ MORE

Crowdly raises $1.2M in funding

Crowdly, a new advocate management platform that helps big brands find, rank and connect with their passionate advocates on Facebook, today announced that the company has closed more than $1.2 million in seed funding with significant involvement from Launchpad Venture Group. Additional investors include New York Angels and Laconia Ventures, both based in New York City, along with support from a number of individual strategic investors. The funding will be used to expand Crowdly’s product, sales and marketing efforts. READ MORE

Flashnotes raises $1.5M in funding

Flashnotes, the online student-to-student marketplace for buying and selling class study material, has closed a seed round extension of $1.5M. The financing was provided by new investor Nicole Stata of Boston Seed Capital, return investors Ryan Moore of Atlas Venture, Jordan Levy of Softbank Capital, and angels Deborah Quazzo, Jere Doyle and Bob Mason. READ MORE

Nifti raises $800K in funding

Can a small startup become the consumer's hub for online shopping? A group of investors led by Google Ventures and Otto Capital believes that Nifti has the potential to become just that. With $800,000 in seed funding, Nifti today unveiled a new shopping service designed to help consumers save money by tracking discounts on the products they want to buy. Nifti lets shoppers follow any product they find on any website, and then notifies them when these items drop to the price they want to pay.  READ MORE

Objective Logistics raises $5.3M in funding

Objective Logistics has raised $5.3 million in Series A funding led by Atlas Venture.  Objective Logistics plans on using the funding to expand MUSE beyond the restaurant industry.  Google Ventures and Next View Ventures participated in this round as well.  READ MORE

Dobot acquired by DockYard

Per Dobotdo's website:  Joining DockYard changes the game for us. For the first time, we have a full team of artists, designers, and software engineers. What’s more is that we love their team, trust them, and believe in them. Together, we’re going to build great things. We hope you’ll follow us at DockYard; you can start by taking a look our story below.  READ MORE

Privy raises $1.7M in funding

Per the Privy blog:  I'm excited to officially announce we just closed a $1.7M round with participation from Atlas Venture, 500 Startups, John Dais (VP Finance at Wildfire), Mike Volpe (CMO of Hubspot), Justin Kitch (founder of Homestead), Ralph James (former COO at First Marblehead), Jere Doyle (founder of Eversave), John Goscha (founder of IdeaPaint), Sierra Maya Ventures, Genie Bottle Ventures and more amazingly supportive angel investors. READ MORE

Jana raises $15M in funding

Publicis Groupe [EURONEXT Paris: FR0000130577] is making a $15 million strategic investment in Jana Mobile, the global company that rewards consumer action in emerging markets such as Brazil, India, Indonesia and Nigeria. This is the first direct investment Publicis Groupe has made in a mobile technology startup, and as part of the $15 million investment, Publicis Groupe Charmain and CEO Maur ice Lévy will join Jana’s Board of Directors. Rishad Tobaccowala, Chief Strategy and Innovation Officer of VivaKi, will join Jana’s Board of Advisors.  READ MORE

DataXu raises $27M in funding

DataXu, a provider of digital marketing software for the enterprise, today announced that it has closed $27 million in funding. This new round of financing will reinforce the company’s leadership position, support ongoing global expansion and accelerate additional investment in technology that keeps its customers at the forefront of innovation.

The investment was led by Thomvest Ventures, a venture capital group headed by Founder and Managing Director Peter Thomson, a director of Thomson Reuters. All three current major investors – Atlas Venture, Flybridge Capital Partners and Menlo Ventures – participated in the round. Stefan Clulow, Managing Director of Thomvest, joins DataXu’s board of directors with this investment.  READ MORE

Tivli raises $6.3M in funding

Tivli, a Boston, MA-based service that delivers television to university students on their devices on campus, completed a $6.3m Series A financing.  The round was led by New Enterprise Associates (NEA) with participation from Felicis Ventures and Rho Ventures, and strategic investors CBC New Media Group of Raleigh NC, Home Box Office, Mark Cuban’s Radical Investments, and WME.  READ MORE

Volition Capital raises $80M towards its second fund

As per their SEC filing, Volition Capital has raised $80M towards a targeted $150M second fund.  Volition Capital is a growth equity firm established in 2010 that focuses on investing in high-growth, founder-owned technology businesses across the U.S. and Canada that generally have between $5 million and $50 million in revenue with demonstrated capital efficiency.

Yottaa raises $16M in funding

Yottaa, the leader in mobile and web experience acceleration, today announced it has closed a $16 million financing round led by new investor Intel Capital. Together with investments made by the existing investors General Catalyst Partners and Stata Venture Partners, the company has raised $30M in funding to accelerate the online experiences for businesses across the wired and wireless web.  READ MORE

Iron Mountain acquires Archivum

Storage and information management company Iron Mountain® Incorporated (NYSE: IRM) has acquired Brazilian document storage firm Archivum, growing its presence in Sao Paulo and nearby suburbs. With the acquisition, Iron Mountain adds more than 700 customers and now assumes responsibility for managing their records, including approximately 1.3 million boxes of hardcopy documents. Terms of the deal were undisclosed.  READ MORE

Attendware raises $1M in funding

Attendware Corporation announced today that it has raised a $1M Series A round of funding from .406 Ventures. Attendware is the fastest growing event check in and auto name tag printing software. The cash infusion will enable Attendware to expand its technology and sales ranks and accelerate the deployment of its rapidly growing onsite event management software.  READ MORE

peerTransfer raises $6.4M in funding

peerTransfer, the leading provider of global payment solutions for the education industry, announced today that it closed $6.4 million in new funding. The investments came from QED Investors, led by Nigel Morris, co-founder of Capital One Financial Services, and FIDES and KIBO Ventures, both in Madrid, Spain. Existing investors also participated in the round, including Spark Capital and Maveron. The funds will be used to accelerate global expansion of the company and to invest in new product development. READ MORE

Smart Lunches raises $1.6M in funding

Smart Lunches, one of the Internet's fastest growing e-commerce innovators, bringing nutritious, high-quality meals to children outside of the home, announced today that it closed two transactions that secured over $1.6 million in additional funds. All previous investors, including Boston-based Data Point Capital, Jonathan Kraft, President of The Kraft Group, and Lon Chow, General Partner of Apex Venture Partners in Chicago, participated; new institutional investors joining this round included Menlo Park-based Western Technology Investment and Boston-based Romulus Capital. They were joined by additional angel investors, including Bill Blass, Chairman of Black Wolf Group, and Jennifer Lum, Co-Founder of Adelphic Mobile.  READ MORE

Skillz raises $5.5M in funding

Skillz, the online skill-gaming company, announced this afternoon a Series A round of funding. Led by Atlas Venture, Andrew Paradise’s gaming company raised $5.5 million in the new round.  Launched in April, Skillz has had over one million users download the gaming tournament platform... READ MORE

Spindle acquired by Twitter

As per the company blog post...

We’re very proud to announce that Spindle has been acquired by Twitter.  We’ve spent the past two and a half years building a product that helps you answer the question: “What’s happening nearby right now?” Every time we’ve experimented and looked beyond local discovery, we’ve been amazed by the breadth and quality of content shared on Twitter. By joining forces with Twitter, we can do so much more to help you find interesting, timely, and useful information about what’s happening around you.  READ MORE

Covestor raises $12.75M in funding

Covestor, an online marketplace for investing, announced today it has raised $12.75 million in a Series B financing round. Investors in the round included Union Square Ventures, Spark Capital, Amadeus Capital Partners, and Bay Partners. The Series B financing brings the total capital Covestor has raised to $28 million.

Covestor will use the proceeds to accelerate its growth and continue its mission of providing investors with access to alpha-focused portfolio managers in an online marketplace. With over 100 portfolios available on covestor.com, the company provides exceptional levels of transparency and liquidity to investors who believe that actively managed portfolios can perform better than index averages.  READ MORE

Dailybreak raises $2M in additional funding

As reported by the Boston Business Journal, Dailybreak in Boston, MA has raised $2M in additional funding on top of the company's previous $5M round raised in 2012.  Dailybreak provides a social engagement platform designed to drive consumer participation and action at scale through digital, promotional campaigns. For brand marketers, Dailybreak offers a turn-key, pay-for-engagement solution providing all game/contest creative, legal and a network of more than 25 million consumers.  READ MORE

ConnectEDU raises $5.5M in funding

ConnectEDU, a privately held technology company committed to preparing and transitioning 21st century learners on their pathways from school to college to career, today announced the close of a $5.5 million dollar funding round involving its existing shareholder base.  READ MORE

SageCloud raises $10M in funding

SageCloud, Inc., a leader in ultra-reliable storage systems at disruptive price points for archival and backup data, announced today that it has completed a $10 Million Series B financing, which will be used to accelerate deployment of the company’s products with initial customers and expand operations. Braemar Energy Ventures led the round and was joined by existing investor Matrix Partners. In conjunction with the financing, Dr. Jiong Ma, Partner at Braemar, will join the SageCloud Board of Directors.  READ MORE

Brand Networks raises $68M in funding

Brand Networks, a leading provider of integrated social software solutions and digital marketing services, has raised $68 million in growth financing as a minority investment from AEA Investors, a leading global private equity firm with more than $6 billion of assets under management, to accelerate product development, sales growth and global expansion. AEA will also provide Brand Networks with additional capital going forward as needed for strategic growth initiatives and acquisitions. Two partners from AEA will be joining Brand Networks’ Board of Directors. Additionally, AEA has appointed Kurt Holstein as an independent board member. Holstein is a former P&G executive and co-founder and COO of interactive marketing agency Rosetta, which sold to Publicis for $575 million in 2011.  READ MORE

WegoWise raises $3M in funding

WegoWise, a leading building performance analytics provider, has raised $3 million in financing from Boston Community Capital (BCC). The investment will power the expansion of WegoWise's innovative utility data intelligence platform to the commercial real estate market, providing utility tracking and benchmarking solutions to commercial buildings. The financing round builds on a previous $1.9 million investment from Boston Community Capital and will also support WegoWise's continued momentum in the multifamily and single family markets.  READ MORE

SimpleTuition raises $4M in funding

SimpleTuition, Inc., a leader in providing tools and resources that help students pay less for college-related expenses and be smarter about how to manage their student debt, today announced it has closed a $4 million Series D funding round. This round of funding was led by previous investors Atlas Venture, Flybridge Capital Partners, and North Hill Ventures. The new funds will be used to fuel the growth of SimpleTuition's three core businesses – student loans, textbooks and rewards – with investment in product development, marketing and business development.  READ MORE

Skyword raises $6.7M in funding

Skyword, the leading platform for quality, original content production at scale, today announced it has closed $6.7 million in growth financing led by Cox Media Group. The investment will be used to expand the team and help scale the company to meet increasing customer and partner needs as content marketing becomes an integral part of brand marketing initiatives and digital content production for media companies.  READ MORE

Cloudant raises $12M in funding

Cloudant, provider of a globally distributed database-as-a-service (DBaaS), today announced $12 million in series B funding from Devonshire Investors, the private equity firm affiliated with Fidelity Investments; Rackspace Hosting, the open cloud leader; and Toba Capital. The company also announced that current investors — Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation — purchased additional shares. The funding will be used to support Cloudant’s global expansion and grow the company’s support, service, and go-to-market strategies.  READ MORE

DraftKings raises $7M in funding

DraftKings, Inc., a leading provider of daily fantasy sports online with offerings across the board in fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey, has closed a $7M Series A round of funding led by Atlas Venture. DraftKings plans to use the money to continue to perfect the customer experience and to broadly market its online and mobile offerings in short-term fantasy sports play. Featuring daily fantasy sports contests and same-day settlement, DraftKings makes playing fantasy faster and more exciting for both seasoned and casual players. Launched on April 28, 2012, the funding announcement comes right as the company is celebrating its first anniversary. READ MORE