Boston, MA

DraftKings Acquires DraftStreet

DraftKings, Inc., a leading provider of online and mobile daily fantasy sports, today announced it has acquired New York-based fantasy sports site DraftStreet. The deal combines the two largest US-based daily fantasy sports providers, immediately expanding DraftKings’ customer base by more than 50 percent, while providing the industry’s broadest range of daily fantasy sports offerings.  Financial terms of the deal were not disclosed.

Nearly 37 million people in the United States and Canada—nearly 1 in 8 adults and 1 in 5 males—play fantasy sports. Daily fantasy sports are a burgeoning component of this multi-billion dollar market. READ MORE

Amino Raises $1.65M

As reported by TechCrunch Amino, who is creating a network of mobile apps, each of which is exclusively dedicated to a specific interest like k-pop, Minecraft, anime, Doctor Who etc. raises $1.65M to replace old-school forums with mobile communities. READ MORE


Canary Joins GoDaddy

It is with great pleasure that we announce that the Canary calendar team has joined GoDaddy! Before we move on, we'd like to address what this change means for our existing Canary users.

To current users of Canary, thanks for your support and amazing feedback! Thanks to our latest update, Canary will continue to work as a standalone app on your iPhone, and you should have no problems with it unless there is a major change to one of the underlying services. We will make sure that Canary remains available on the App Store until we're confident all of our existing users have had a chance to upgrade. READ MORE

erecruit Announces $25 Million Capital Raise

Erecruit Holdings, LLC (erecruit), the emerging leader in enterprise staffing software and vendor management systems (VMS) for large staffing firms, today announced it has secured a $25 million minority investment from North Bridge, a leading growth equity firm focused on investing in emerging and high-growth technology companies. The growth funding, which is the first institutional investment in erecruit, will be used to further accelerate the business’ momentum by adding to its seasoned team and further investing in product innovation as it continues to disrupt the market, improving the way staffing firms operate.   

The global market opportunity for enterprise staffing software and VMS is large and growing rapidly as the demand and complexities of the contingent labor workforce increase. erecruit’s highly configurable and intuitive enterprise software platform streamlines staffing firms’ operations by providing seamless integration of front, middle and back office functions, including sales and client relationship management, recruitment, search & match, onboarding, time and expense management, pay/bill and reporting. Moreover, erecruit’s platform can be accessed from any browser on any device and integrates with dozens of web applications to maximize efficiency. READ MORE

Synchrony Financial Invests in Mobile Payment Startup LoopPay, Inc.

Synchrony Financial today announced the completion of a strategic investment in LoopPay, Inc., an innovative mobile payments platform company. LoopPay is expected to provide Synchrony Financial with special features and benefits for its cardholders and retail partners.

LoopPay recently introduced the LoopPay ChargeCase, which allows consumers to pay with their iPhone 5 or 5s at regular credit card swipe readers, while extending the phone’s battery charge by up to 60%. It is the second product launched by LoopPay in four months, with several more products planned for market entry this year... READ MORE

Smart Lunches Raises $4.4M in funding

As per SEC filings, ​Smart Lunches in Boston, MA​ has raised $4.4M in funding.  Smart Lunches is an online meal service that brings fun, nutritious, high-quality lunches to kids... READ MORE

Robin Closes $1.4M in Funding

Robin, a software for building automation and presence sensing in offices, closed its first round of funding for $1.4 Million. Investors include  Atlas VentureDeep Fork CapitalBoldstart Ventures, and Space PiratesREAD MORE

WordStream Raises $12 Million in New Funding

WordStream Inc., a leading provider of search engine marketing software, has secured $12 million in new funding, led by new investor Baird Capital of Chicago, the direct private investment arm of Robert W. Baird & Co., with participation by current investor Sigma Partners. Of the new funding, $9 million was provided via a Series C venture capital investment, with an additional $3 million in venture debt provided by City National Bank.

The funding will be used to further invest in search marketing software designed to help small and medium-sized businesses obtain vital leads and better manage their own growth and reach. This will include continued focus on the award-winning AdWords Performance Grader as well as making WordStream’s PPC Advisor offering the platform of choice for small and medium-sized businesses. READ MORE

Next Step Living Secures $25 Million in Series D Financing

Next Step Living, New England’s leading provider of home energy solutions, has received $25 million in Series D funding, the company announced today. Led by new investor Braemar Energy Ventures, the funding also includes several leading earlier-stage investors. Among them are VantagePoint Capital Partners and Black Coral Capital.

The funding caps a record growth period for Next Step Living which since 2008 has helped more than 75,000 households become more energy-efficient and adopt renewable energy.  Earlier this year, the company ranked first as the fastest-growing private company in Massachusetts and was named to the prestigious TiE50 “2014 Global Hot Technology Start-up Watch List.” Additionally, company founder and CEO Geoff Chapin this month was named EY Entrepreneur Of The Year 2014TM in New England. 

Coherent Path Raises $6.25M Series A

Coherent Path, Inc., maker of the cloud-based analytics and engagement platform that allows retailers to map customer journeys and optimize customer interactions around long-term objectives, has raised $6.25M in venture financing. The investment was led by Sigma Prime Ventures and GrandBanks Capital with participation from Common Angels, dunnhumby Ventures and BOLDstart Ventures and will be used to expand the company’s sales and marketing teams.

SigmaPrime and GrandBanks selected Coherent Path because of the team and science behind its solution, and the proven lift in engagement and revenue it delivers to top retailers. “Coherent Path is transforming the way retailers think about and engage with their customers,” said Paul Flanagan, Managing Director at Sigma Prime Ventures. “We’re thrilled to partner with James Glover and his team as they continue to build a great company,” added Tim Wright, General Partner at GrandBanks Capital. Both Flanagan and Wright are joining the Coherent Path Board of Directors. READ MORE

WHOOP Raises $6 Million

As per SEC filings, Whoop in Boston, MA has raised $6M in funding.  Whoop is a Health, Welness and Fitness technology and data analytics company for performance optimization. READ MORE

SmashFly Technologies Secures $9 Million

Last June, J.P. Morgan Chase published a study that suggested more than 75 percent of businesses today cite talent acquisition as one of their biggest challenges. While talent acquisition can be exacerbated by a number of issues, one particularly glaring obstacle is that many organizations continue to rely on legacy ERP and ATS systems to manage the post-applicant recruitment process. Meanwhile, the pre-applicant recruiting experience continues to be haphazardly managed by several disparate solutions — namely, CRM systems, job distribution software, mobile and social recruiting tools, and myriad career sites.

Ultimately, the result of all of that is an overly complex, costly, and inefficient recruiting process, which prevents recruiting teams from capturing and centralizing data — two critical components of executing and improving talent acquisition. SmashFly Technologies, the leader in Recruitment Marketing Platform technology, believes its Platform is the answer to those challenges. And today, theMassachusetts-based SaaS company announced that it had secured the funding to help bring that solution to the masses. READ MORE

OnHand Raises $500K SEED Round

As reported by BostInno OnHand Raises $500K SEED Round.

OnHand, a tech accessories company that was started in a Babson College dorm room and grew up in the MassChallenge Accelerator (2012 Finalist), has raised a seed round of $500,000 through private investment 

OwnerIQ Completes $11 Million Financing Round

OwnerIQ, the leading provider of retailer and manufacturer audience monetization services, has completed an $11 million financing round to further drive growth of the category. OwnerIQ drives first-party audience monetization for more retailers than any other company, helping retailers turn their online customers into a valuable asset. At the same time, OwnerIQ's co-operative audience marketplace enables retailers and manufacturers to share first-party data to run targeted digital advertising.

The financing was led by existing investors with new investors joining the syndicate and was completed in two tranches. The first tranche closed in April. READ MORE

Bain Capital Ventures Raises $850M For Two Funds

As reported by TechCrunch, Bain Capital Ventures has raised $850M for two funds:  $650M for BCV 2014 and $200M for a coinvestment fund.  READ MORE

TalkTo Acquired by Path

Path and TalkTo share a vision for the future of messaging as a hub for communicating with all the people, places and things in your life.

We’re joining forces to create the first unified messaging app! READ MORE

Pixability Raises $4M & Completes $8.1M Series B Financing

Pixability, a YouTube marketing software provider, today announced that it closed an additional $4 million financing round led by Point Judith Capital, completing a total Series B investment round of $8.1 million. Quad/Graphics, Inc. (NYSE: QUAD) and Progress Ventures also participated in the round. David Martirano, Co-Founder and General Partner of Point Judith Capital, will be joining Pixability’s board of directors... READ MORE

Zerto Raises $26 Million in Series D Financing

Zerto, setting the standard for protection, recovery and migration of data in cloud and virtualized datacenters, today announced that it has raised $26 million in Series D financing. New investor Harmony Partners led the financing, with participation by all current investors: Battery Ventures, Greylock IL, RTP Ventures and U.S. Venture Partners. The round brings Zerto’s total financing to more than $60 million and provides a large war chest to allow Zerto to expand its global footprint, maintain long-term independence and focus major R&D efforts around the company’s recently launched “Cloud Fabric” initiative for workload mobility in hybrid clouds.

With more than 500 enterprise customers and 100 managed cloud service providers (CSP) including Terremark, KPN and Colt offering cloud disaster recovery powered by Zerto, the company has built a strong base to aggressively corner... READ MORE

Repsly Secures Funding

Repsly Inc., a B2B Mobile Cloud solution provider who simplifies field management and increases field team effectiveness, announced that it has secured a round of funding led by Launchpad Venture Group, First Beverage Group and K5 Ventures. The company, which has been operating since 2010 as Salespod, is a SaaS business that manages the activities of field reps and the data that they collect. Repsly’s clients include companies such as L'Oreal, Nike Golf, KIA Motors, Keune, Philips, Doctors Urgent Care, Schweigen Home Appliances, and Lavazza, who use this solution to drive higher accountability and efficiency within their field teams. Customers in 40 countries also leverage Repsly to gather and analyze data generated by their reps about everything from product performance, to competitive actions, customer demographics, and service delivery.

Tom First, Managing Partner, First Beverage Ventures and founder of Nantucket Nectars said that the firm was interested in Repsly because the solution is such a strong fit for companies selling consumer products through retail channels...  READ MORE

CloudHealth Technologies Secures $3.2 Million of Extension Funding

CloudHealth Technologies, the pioneer in IT service management for the cloud, announced today it has secured a $3.2 million extension of its Series A funding round, bringing the total to $7.7 million. The funding, which is from existing investors .406 Ventures and Sigma Prime Ventures, will be used to support the company’s customer growth, platform enhancements, expansion of services and increased hiring efforts tied to sales and engineering. 

“When we invested in the company last year, we knew we were investing in a management team and technology that was poised to address the significant challenges emerging in one of the most disruptive technologies we’ve seen, cloud computing,” said Bob Davoli, Managing Partner of Sigma Prime Ventures. “No other cloud management platform delivers the level of business value provided by CloudHealth and we look forward to playing a role in the company’s continued success.” READ MORE

OYO Sports Raised $3 Million in Seed Funding

OYO Sports, a rapidly growing fan engagement company, announced that it has raised $3 million in seed funding bringing total angel and seed funding to-date to $4.6M. The funds are being used to build a vertically integrated e-commerce business with real-time U.S. based manufacturing. In addition to several participating angel investors, seed investors include Boston Seed Capital and Atlas Venture.

“We’ve been amazed by the consumer demand, reflected in both our dramatic e-commerce growth and incredible sell-thru results at retail,” said Tom Skripps, Founder and CEO, OYO Sports. “We are ambitiously building on a vision that extends beyond toys to engage the kid in all fans.”  READ MORE

Kyruus Raises $11.3M in Funding

As per SEC filings, Kyruus in Boston, MA has raised $11.3M in funding.  Kyruus is a provider solutions company that helps hospitals and health systems optimize their Patient Access, Referral Management, and Care Coordination operations.  Using a Big Data approach, the company enables the integration of massive amounts of information into actionable, operational workflows so that organizations can achieve their growth, patient retention, and provider engagement goals.  READ MORE

Egenera Receives $16 Million from Comvest Partners

Egenera, a leader in converged infrastructure and cloud management software, today announced they have received $16 million in funding from Comvest Partners through its Comvest Capital II/III funds.  The funds will be used to further product innovation and aggressively drive its go to market strategy.

 “With cloud transforming businesses of all kinds, our technology puts us at a strong competitive advantage which is what made us such an interesting investment prospect,” said Pete Manca, CEO of Egenera.  “The new funding will help fuel our sales and marketing efforts, enabling more companies to transform the way they manage their cloud infrastructures and virtual data centers.” READ MORE

TurningArt Raises $670K in Funding

As per SEC filings, TurningArt in Boston, MA has raised almost $670K in funding.  TurningArt is a subscription based business focused on providing pieces of art for your home or office.  Subscribers can rotate the artwork out with new pieces as often as they like.  READ MORE

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.