Flashnotes acquires Moolaguides
Flashnotes.com, the student-to-student study materials marketplace, today announced that it has agreed to acquire Moolaguides, an online study materials marketplace started by Florida State University senior Thomas Brady. The second acquisition for Flashnotes.com following its purchase of NoteUtopia in 2013, Moolaguides.com has generated a quarter of a million in revenue and has a strong user base at Florida State University and surrounding colleges University of South Florida and University of Florida. The acquisition follows Flashnotes.com's recent $3.6 million Series A round of funding as the peer-learning platform continues its expansion to colleges and universities across the country. READ MORE
Wayfair raises $157M in funding
Wayfair, the largest online retailer of home furnishings and décor, today announced that it has raised $157 million in equity financing to fuel continued growth of the company’s portfolio of home brands. The Series B investment round, led by funds and accounts managed by T. Rowe Price Associates, Inc., encompassed a limited number of key investors, including industry leading growth focused mutual funds, as well as a private investment from Julie M.B. Bradley, TripAdvisor CFO and Wayfair board member.
“Wayfair is heading into 2014 with tremendous momentum and growth as more and more shoppers opt for one of our exceptional ecommerce shopping experiences,” said Niraj Shah, CEO and co-founder of Wayfair. READ MORE
Optio Labs raises $10M in funding
Optio Labs, a developer of transformational security and productivity technologies for mobile and embedded systems, announced the closing of a $10 million Series A funding round. Participants in the round include Optio Labs’ parent company, Allied Minds Inc., as well as several private investors.
Optio Labs develops mobile security software solutions for federal agencies, commercial enterprises, and device manufacturers. The company’s flagship product, OptioCore, has been recognized as the only security solution able to meet stringent U.S. Federal government mobile security policies while maximizing the full range of productivity benefits of Android devices. The company plans to use the funds to expand engineering capacity and accelerate the development of additional solutions for commercial and embedded systems markets. READ MORE
Cloudant acquired by IBM
IBM (NYSE:IBM) today announced a definitive agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps. Cloudant will extend IBM's Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives. Financial terms were not disclosed. READ MORE
TruePosition acquires Skyhook Wireless
Dunwello raises $1.4M in funding
As per Scott Kirsner, Dunwello in Boston, has raised $1.4M in funding. Dunwello is an online tool for improving the performance feedback process for employees. The company's founder is Matt Lauzon (founder and former CEO of Gemvara). Investors in Dunwello include: NextView Ventures, G20 Ventures, the Vegas Tech Fund, Bridge Boys, Axel Bichara, Gautam Gupta, Jeremy Hitchcock and Mark Guadagnoli. READ MORE
Codeship raises $2.6M in funding
Codeship this week announced $2.6 million in series A funding led by Sigma Prime Ventures & John Simon. Boston Seed Capital (Nicole Stata) & Devonshire Investors (David Jegen) are also participating along with a couple of angel investors. Plassnig says the series A will allow Codeship to invest in more developers, designers, and marketing people. In other words, "people who work on the product and make our product better for our existing customers," he says. READ MORE
BlueConic raises $3M in funding
BlueConic, a company that helps brands optimize cross-channel marketing opportunities through improved customer engagement, today announced a Series A round of $3 million led by Sigma Prime Ventures. The Series A round brings the company’s total funding to $7 million. BlueConic will use the funds to fuel aggressive expansion into the U.S. market, including moving its corporate headquarters and executive team to Boston and rapidly growing its sales and marketing presence. The move comes on the heels of the company closing out 2013 with 300% year-over-year annual revenue growth. READ MORE
Nanigans acquired LoopIt
As reported by the Boston Business Journal, Nanigans has acquired LoopIt, which received funding from Redstar Ventures and Avalon Ventures. LoopIt is a 1-to-1 conversation engine that lets consumers easily tap their friends across social networks for advice and opinions at every step of their purchase path, from discovery to point-of-purchase and beyond, to make the experience of shopping online more fun. READ MORE
DataXu raises $10M in funding
As reported by The Boston Business Journal, DataXu in Boston, MA has raised $10M in funding. DataXu is transforming the way companies build their brands in a digital world through the industry’s only fully integrated programmatic marketing solution. Investors in the round of funding includes Atlas Venture, Flybridge Capital Partners, Menlo Ventures, and Thomvest Ventures.
Flashnotes raises $3.6M in funding
As per SEC filings, Flashnotes in Boston has raised $3.6M in funding. Flashnotes hosts an online marketplace where students buy and sell college study materials READ MORE
Moontoast raises $4.5M extension to Series B funding
Moontoast, the leading provider of social rich media advertising technology and services, today announced it has raised a $4.5 million extension to its 2013 Series B funding. The investment was made by the Martin Companies, a Nashville-based early-stage investment company. This latest round of financing was received on the back of the company's strong traction and results with brands that include Toyota, P&G, Nike, Lexus, Samsung, Microsoft, Hyundai, AMD and Nissan. The investment will be used to fuel this growth as well as expand the social rich media platform's multi-channel analytics and optimization. Read More
Rocketmiles raises $6.5M in funding
Rocketmiles today announced that is has raised another $6.5 million to fuel expansion in the U.S. and international markets. The Series-A round was led by August Capital, with participation from existing investors Peterson Ventures, Link Ventures and Atlas Venture. New investors include Chicago Ventures and Sam Yagan, CEO at Match.com.
Launched less than a year ago, Rocketmiles is a travel-booking site that helps consumers get on vacation faster through a new class of miles ... READ MORE
Flytenow raises funding
The Boston Dorm Room fund is proud to announce its second investment, Flytenow. Led by Northeastern student and CEO Matt Voska, Flytenow is built from a passion that has resonate with Voska since childhood: the ability and accessibility to share and spread the experience of taking flight on a private plane. READ MORE
Practically Green raises $3M in funding
Practically Green, the leading provider of digital sustainability engagement programs, today announced that the company has closed a $3 Million Series A round of venture funding. The funding was led by CommonAngels, the Boston-based angel group focused on funding IT startups, and the clean-tech family office Pan Asia Solar, and supported by Clean Energy Venture Group and Launchpad Venture Group. The company will use the funds for product development, continued development of sustainability and CSR engagement programs, and further sales and marketing goals. As part of the announcement, Practically Green has also hired industry veterans, Mark Bissell to Head of Customer Success and Jim Tramel to Head of Sales. READ MORE
Change Collective raises $1.4M in funding
Change Collective has raised $1.4M in funding. Investors in the round include Founder Collective, NextView Ventures and Eniac Ventures. Change Collective is a a life betterment site/mobile app with a mission to give people "the tools to succeed with change." READ MORE
Drizly raises $2.25M in funding
Today, millions of people in New York City and Boston can have beer, wine and liquor delivered to their doorstep, thanks to Drizly, the new iPhone app from Drizly, Inc. The app will reach many more consumers and U.S. cities in the next six months as the company announces today a round of $2.25 million in seed funding to fuel its growth.
Conceived by three classmates from Boston College in 2011, Drizly is unlike any existing or rival system for delivering beer, wine and liquor. Drizly gives consumers the ultimate convenience of swiping their way to a fast and responsible on-demand delivery experience from their iPhone. Furthermore, the company’s turnkey solutions provide retail stores a simple, secure way to offer convenient, and responsible on-demand liquor delivery. READ MORE
Mendix raises $25M in funding
Mendix, the Boston-based app platform company for the enterprise, today announced the closing of a $25 million Series B investment. The round was led by Battery Ventures, with participation from existing investor Prime Ventures. The investment will fuel the company’s continued global expansion, product development and sales efforts, aggressively increasing its market share. It builds upon Mendix’s fast-growing community of developers, customers and partners who use the Mendix App Platform to deliver business applications faster than traditional development methods. READ MORE
ClickSquared acquired by Zeta Interactive
Zeta Interactive, a leader in the fast growing Big Data-driven marketing and CRM space, announced today that it has acquired ClickSquared, the Boston-based company that launched The Hub, a SaaS-based, cross-channel campaign management platform that was positioned along with six other vendors in the Niche Players Quadrant of Gartner's "Magic Quadrant for CRM Multichannel Campaign Management" report in May, 2013. READ MORE
BabbaCo acquired by Barefoot Books
Barefoot Books, the award-winning, independent children’s publisher, has acquired BabbaCo, the e-commerce subscription company dedicated to helping parents create fun, memorable experiences for their children.
Jessica Kim, CEO and Founder of BabbaCo, joins Barefoot Books as President, Barefoot Living, at a time when the company is poised for high growth as a global lifestyle brand. Over the years, Barefoot has gained the reputation as a pioneer in the publishing industry, with its visionary brand and high quality product offer. The company is now focused on growing its community of home-based Ambassadors who run their own businesses and live Barefoot. All are connected by an appreciation of the importance of creativity, imagination and diversity, and by a commitment to raising happy, healthy, caring children. READ MORE
CO Everywhere raises $6M in funding
CO Everywhere, the hyper-local location services app, was revealed to have secured a monster round of funding this week from Chinese investment firm, Morningside Group. (The Globe's Scott Kirsner broke the news.) The $6M Series A round should help the company bring on more key employees, continue to better their product, and also to ramp up their marketing of the app. READ MORE
Aereo raises $34M in funding
Aereo, Inc., today announced that it has closed a $34 million Series C round of financing. The new round of financing will support Aereo’s rapid nationwide expansion and increased investments in hiring and technology. IAC was joined by iconic media investor Gordon Crawford and Himalaya Capital Management, as well as existing investors Highland Capital Partners, FirstMark Capital and others for this additional round of funding. Crawford, a media and entertainment industry veteran, is one of the industry’s most influential and successful investors, having worked at Capital Research and Management for 41 years. Himalaya Capital Management is led by global investor and human rights activist Li Lu. READ MORE
Mobee acquires Kickscout
As reported by TechCrunch Kickscout has been acquired by Mobee. Kickscout's founder, Michael Sheeley (RunKeeper Co-Founder) will be joining the company as their Chief Product Officer. Mobee is a real-time store intelligence platform. They collect data from customers at stores, analyze it, and package it into insights that improve businesses. READ MORE
Brightcove acquires Unicorn Media
Brightcove Inc. (NASDAQ: BCOV), a leading global provider of cloud services for video, today announced it has entered into a definitive agreement to acquire substantially all the assets of Unicorn Media, a leading provider of cloud video ad insertion technology. Based on a $14.00 price per share of Brightcove common stock as specified in the purchase agreement, the transaction is valued at approximately $49 million. Under the terms of the agreement, the purchase price consists of approximately 2.9 million shares of Brightcove stock and approximately $9.0 million of cash used to pay transaction and other expenses of Unicorn Media. READ MORE
peerTransfer raises $6.2M in funding
peerTransfer in Boston, MA has raised $6.2M in funding. peerTransfer is a creator of innovative global payment solutions. Investor include Devonshire Investors, Spark Capital, QED Investors, & Maveron. Focused on the education industry, the company enables international students at hundreds of schools globally to save time and money when making or receiving international payments. READ MORE
ZeroTurnaround raises $2.7M in funding
As per SEC filings, ZeroTurnaround in Boston, MA has raised $2.7M in funding. Bain Capital Ventures is an investor. ZeroTurnaround is changing the way the world develops, tests and runs Java applications. Powered by award-winning Hotpatching Technology, JRebel and LiveRebel are revolutionizing the way Development and Operations teams work with Java. READ MORE
Curoverse raises $1.5M in funding
Curoverse announced today the company has raised $1.5 million to accelerate development of the Arvados free and open source software platform for genomic and biomedical big data and to deliver new products based on the platform.
Arvados is a computational storage platform designed for the biomedical industry. The first deployment of Arvados runs a private cloud with 300 TB of storage and 500 cores that is used for genomic analysis at the Harvard Personal Genome Project and for research work at Harvard Medical School. READ MORE
Collaborate.com acquired by Cisco
As the rapidly developing mobility and cloud markets transform the technology landscape, the population of mobile workers looking to extend the boundaries of their offices continues to grow. They want to connect, communicate and collaborate seamlessly, and their organizations are seeking user-friendly, mobile-centric collaboration tools that enable teams to work faster while being as productive as possible.
Today, I am pleased to announce Cisco’s acquisition of Collaborate.com to help capture this market transition in mobility and cloud. Collaborate’s skilled team of cloud and mobile software developers has created a mobile collaboration application that provides unified document sharing, task management and team communication capabilities, enabling today’s mobile workforce to collaborate with team members on projects. Workers can instantly create virtual collaboration rooms where they can chat and share documents, notes, photos and videos. READ MORE
Freight Farms raises $1.2M in funding
As reported by PandoDaily, Freight Farms in Boston raised $1.2M in funding led by Morningstar Venture Investments Limited with Launch Capital and Rothenberg Ventures participating. Freight Farms is a startup that retrofits recycled shipping containers into modular mini-farms. READ MORE
Lagoa raises $5.3M in funding
Lagoa, the 3D cloud platform company, today announced it closed a $5.3M Series A financing round led by Atlas Venture, and including Siemens and Real Ventures. The funding will be used to further advance Lagoa’s 3D cloud technology, and expand the company’s sales and marketing efforts. The Series A follows a $1.6M seed funding round announced last April. READ MORE