Boston, MA

EnerNOC Completes Acquisition of World Energy Solutions

EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that it has closed the previously announced acquisition of World Energy Solutions, Inc. (Nasdaq:XWES), an energy management software and services firm that helps enterprises simplify the energy procurement process through a suite of Software-as-a-Service (SaaS) tools. To date, World Energy has transacted more than $45 billion in electricity, natural gas, and environmental commodities for its customers, making it one of the top energy procurement specialists in the U.S. by revenue and volume.

"We're excited to finalize the acquisition of World Energy Solutions, shift our focus to the integration of our product platforms and teams, and deliver additional value to our enterprise customers," said Tim Healy, Chairman and CEO of EnerNOC. READ MORE

The Green D Fund Announces First Fund

Today the Green D Fund announced the initial close of its first fund: The Green D Founders Fund. The Fund will back ventures with ties to Dartmouth and support the Dartmouth alumni entrepreneurial network. Total commitments to date are $1.5 million. 

The initial fund includes 40 Dartmouth alums. This first close allows the fund to immediately start investing. A second and final close is scheduled for January 30, 2015. The fund plans to make 12-18 investments in Dartmouth alumni-led businesses over the next 18 months. 

“Our investors span five generations and come from all around the country,” said Michael Collins (Dartmouth ’86), Lead Manager of the Green D Fund. “Given the widespread engagement we've seen, there's no doubt that the fund addresses a real interest of Dartmouth alums to invest in other Dartmouth alums. There are many reasons our supporters are attracted—to conveniently invest in an inconvenient asset class, to support Dartmouth's entrepreneurial ecosystem, and most importantly, to pay it forward." 

Fund Process and Management

Deals will be sourced from across the Dartmouth network, then vetted, selected, and tracked by an experienced Investment Committee consisting of Dartmouth alumni. The Fund will also support portfolio companies by connecting them to other alums for networking and mentoring. Compliance, back office, investor relations, and various other support functions will be fulfilled by the Green D Fund's advisor, Launch Angels. Launch Angels specializes in establishing and supporting alumni angel groups. 

In addition to Collins, the Investment Committee includes a number of notable Dartmouth entrepreneurs and investors. They include Scott Anthony (’96), Sean Byrnes ('00), Tom Caputo (’96), Wendy Miller (’84), and Alex Tonelli ('06). 

“There’s no question there is lots of buzz around the Green D Fund,” said Sean Byrnes. “This just confirms the vitality of our alumni community and Dartmouth's reputation as one of the top entrepreneurial schools in the nation.” 

Collins added, "It's a great beginning for the fund, but this is just the start. We have a lot of exciting plans for the Green D Fund."


About the Green D Fund, LLLP

The Green D Fund ( gives Dartmouth alums the chance to invest in Dartmouth-alumni led ventures. We are independent and return driven, but are also pleased to support the Dartmouth entrepreneurial community. Deals are sourced from the entire Dartmouth network, then vetted, selected, and tracked by our experienced Investment Committee.

The Green D Fund is an independent, for-profi­t company. It is not affiliated with nor officially sanctioned by Dartmouth College. Launch Angels Management Company, LLC (LAMC), is an advisor to the Green D Fund, LLLP. For more information and to inquire about participation in the second close, contact

Investment Risks

Investors should consult with their financial and tax advisors before considering an investment. Early stage companies are risky investments, not suitable for all investors—even accredited ones. 

About Launch Angels 

Launch Angels ( custom tailors Affinity Venture Funds to your group’s unique structure, investment goals, desired engagement level, and investment process. We work with you to define fund size, budget for each investment, and deal criteria, then handle all management, reporting, filing, and tracking. For more information, please contact


CampusTap Closes Seed Round

Today, CampusTap (, the private social platform for colleges, announced that they have fulfilled their 500K seed round of funding. The round was led by several Boston angel investors including Douglas Leighton at Dutchess Capital and Bob DeMaria, Partner at Rally Software. The funds will be used for product development and team expansion in engineering to support their upcoming mobile application.

CampusTap was founded in 2013 by Remy Carpinito with a vision to bridge the gap between on-campus activities and job placement. Discovering that career development occurs earlier in the student lifecycle, the platform tracks on-campus interactions the second they set foot on campus. “By understanding the students better, our dynamic recommendations engine can hyper target them with relevant internships and jobs enhancing career services efforts” said CEO and Founder, Remy Carpinito... READ MORE


Qualtré Secures $9M Strategic Investment Round

Qualtré, Inc., the leading innovator of Bulk Acoustic Wave (BAW) silicon MEMS inertial sensors, today announced $9 million in funding from two strategic partners, including Alps Electric, along with current investors, Matrix Partners and Pilot House Ventures. Qualtré will use these funds to expand sales and marketing, scale operations, and extend product development as the company supports new customers and additional applications.

“Qualtré launched two BAW MEMS gyroscopes in 2014 with strong customer acceptance,” commented Edgar Masri, President and CEO of Qualtré. “These robust gyros offer higher accuracy with superior shock and vibration immunity at competitive price points. This makes them ideal for the challenging demands and harsh environments of industrial and high-performance consumer applications, such as inertial navigation, platform stabilization, robotics, unmanned vehicles, sports measurement, medical wearables, and the Internet of Things.” READ MORE


Salsify Raises $8M in Funding

Salsify, the cloud-based content management for e-commerce company, announced this morning that they have raised $8 million in a Series A round of funding from Matrix Partners and North Bridge Venture Partners.

The company's SaaS product enables enterprises to share a wide array of different content through a cloud-based network, allowing for data, pictures, and written content to be exchanged more easily in the high-paced world of e-commerce... READ MORE

Rapid7 Receives $30 Million Investment

Rapid7, a leading provider of security analytics software and services, today announced that it has received $30 million in additional funds from its long-standing investors, Bain Capital and Technology Crossover Ventures (TCV). The stockholders increased their investment in Rapid7 to enable the Company to maximize on the incredible growth opportunity presented by its latest innovative technology and strategic security services, which help customers radically improve security incident detection and speed response, and build better enterprise security programs. Interest in these offerings has been so compelling that Rapid7's leadership and investors capitalized on a timely opportunity to further the development of the solution and market while continuing to drive innovation in the Company's core threat exposure management portfolio. 

"At Rapid7, we design our products and services with a relentless focus on making it easier for enterprise customers and organizations to execute effective security programs. We believe companies can be successful in security without slowing down their business," said Corey Thomas, president and CEO of Rapid7. "This infusion of funds will enable us to capitalize on the tremendous growth and success we have seen this year by accelerating our leadership, market share, and development in intruder analytics and services, while continuing to innovate to better serve our existing customer base." READ MORE

Adelphic Secures $11M Series B Funding

Adelphic, a leading mobile advertising demand-side platform (DSP), announced today that it has secured $11 million Series B funding that will enable the company to capitalize on the explosive growth in the programmatic advertising space. This round of funding was led by Blue Chip Venture Company, along with participation from current investors Matrix Partners and Google Ventures.

The advertising landscape is changing – 80 percent of digital advertising spend will switch to programmatic by 2017. Adelphic is a leading architect of this shift. The company’s patented technology has brought true programmatic buying to mobile at a scale and effectiveness not previously seen in mobile and, in so doing, has become the preferred mobile DSP for many of the world’s leading agencies and trading desks. READ MORE


Freight Farms Receives Investment from Spark Capital

We’ve got some big news! We’re thrilled to announce Freight Farms is now partnering with Spark Capital, and it couldn’t be a better match. We believe in utilizing design and technology to challenge the status quo while simultaneously inspiring change… and so does Spark!

Here at Freight Farms, our mission is to create a more sustainable and connected food system by providing the tools that enable fresh food production in any environment.  Our farms are already operating in cities across the United States and Canada, creating year-round access to local, fresh produce for restaurants, universities, corporate campuses, hotels, and small businesses. READ MORE

Mavrck Announces $2.5M Series A Funding

Mavrck, out of Techstars Boston, today announced $2.5M Series A funding from GrandBanks Capital... READ MORE


Splitwise Raised $1.4M

I’m happy to announce today that Splitwise has raised $1.4MM in new seed funding from leading tech investors. Raising outside money means we can continue to invest in building the world’s best product for reducing the stress of money in relationships. Hooray! READ MORE 

Autodesk Acquires Terrible Labs

As reported by Dennis Keohane and BetaBoston, Autodesk has acquired local mobile and Web app development shop Terrible Labs.


American Well Raises $80 million Series C Funding Round

Telehealth Leader Files with SEC in oversubscribed $80 million Series C Funding Round

Today, national telehealth leader American Well announced that it has raised additional capital and added new institutional, private equity, and corporate partners to its ownership roster. Among its strategic investors are now some of the largest health plans and academic medical centers in the nation who provide both financial support and strategic guidance to advance the company’s leadership in mobile and web services. American Well immediately connects U.S. board-certified physicians with patients for live, on-demand video visits 24-7, and handles all related administrative, security and record keeping functions.

“Telehealth is about to completely change how people get healthcare,” said Doug Wenners, Senior Vice President for Provider Engagement and Contracting at Anthem. “This is just the beginning of the revolution and we are proud to partner with and invest in American Well, the clear leader in this space.” READ MORE

Dunwello Adds Funding

As reported by BostInno, Dunwello adds funding.  

New investors include Jeff Seibert and Wayne Chang of Twitter, and HubSpot co-founder/CTO Dharmesh Shah and Dave Balter. READ MORE

Carbonite Acquires MailStore

Today, Carbonite announced an agreement to acquire MailStore, a leader in email archiving solutions based in Germany. I wanted to take a moment to fill you in on why we’re so excited.

Carbonite has spent the last couple of years building up our suite of powerful yet simple cloud and hybrid continuity solutions for small and midsize businesses – focusing on server and workstation backup and recovery. As we moved deeper into the SMB market, we saw that many channel partners and SMBs want email archiving as part of their overall business continuity strategy. READ MORE

Neurala Closes Seed Round Investment

Neurala, Inc., which builds software that makes robots smarter so that people can tell a robot what to do instead of how to do it, announced today that it had closed a seed investment round of $750,000. The round was led by the fund run by well-known venture capitalist Tim Draper, Draper Associates Investments, LLC, and by Robolution Capital, the Paris-based venture capital fund dedicated to service robotics.

A pioneer in deep learning technologies that mimic the functions of the human brain, Neurala was named one of the 50 most influential robotics companies in 2014 by Robotics Business Review. The company holds a fundamental patent for the use of deep learning algorithms, often called Artificial Neural Networks (ANN), running on graphic processing units (GPUs), which were originally designed for computer games and 3D graphics. The invention is seen as an important foundation for real-time artificial intelligence  READ MORE


Threat Stack™ Secures Additional $5M in Funding

Threat Stack, the provider of security solutions purpose-built for the Cloud, has raised an additional $5M in funding from Atlas Venture and .406 Ventures.  The additional funding will be used to further develop and commercialize Threat Stack’s cloud security monitoring service, which officially launched last month, and expand its footprint with customers using Amazon Web Services.

Threat Stack’s Software-as-a-Service (SaaS) provides continuous security monitoring on application workloads, helping companies detect malicious activity and protect their systems from intrusions and data loss. Optimized for the cloud, Threat Stack uses a lightweight agent on the host to enable fast deployment, auto-scaling and flexibility in elastic environments.  After a highly successful and over- subscribed beta program, Threat Stack launched on-stage in November at Amazon CTO Dr. Werner Vogel’s Start-up Launch keynote during the AWS re:Invent Conference.

“To address privacy and security challenges in the cloud, there exists a shared responsibility between customers and their Cloud Service Providers (CSP).  Threat Stack provides a security solution that complements the CSPs existing set of security controls, and gives the customer a comprehensive security architecture for all of their cloud resources,” said Doug Cahill, CEO of Threat Stack.  “Our investors share our vision and excitement for the way we’re addressing security challenges in the cloud.  This latest round of funding demonstrates the support and confidence they have in the Threat Stack team as we make our move to expand and grab market share.”


The problem Threat Stack addresses is the visibility gap that exists in cloud environments. Since customers don’t have access to the physical infrastructure and can’t deploy traditional intrusion detection systems or other network-based security controls, they are left without the visibility they need to protect their customers and data. As a result, cloud-resident workloads and the data they access are vulnerable to malicious threats putting them at risk of intrusions and compromise.


“It’s no longer a question of if you are being hacked, but if you know that you are being hacked.  Threat Stack brings an invaluable service to enterprises leveraging cloud-based infrastructure, particularly those running mission-critical applications,” said Chris Lynch, partner at Atlas Venture.


“As Cloud services are increasing, so are data breaches in the Cloud.  It’s not enough to rely on your CSP’s security solution.  With Threat Stack, customers can take more control of their applications and data security through the early detection of malicious activity,” Said Maria Cirino, managing director at .406 Ventures.


Threat Stack currently offers a 14-day, free trial of its software-as-a-service. Interested parties can signup on the company's website:



About Threat Stack

Threat Stack provides continuous security monitoring for public, private, and hybrid cloud infrastructures protecting servers, and the data they access, from intrusion and data loss. Built in the cloud, for the cloud, Threat Stack is the first and only intrusion detection and auditing service purpose-built for cloud environments where network-based controls cannot be deployed. Threat Stack is lead by a team with extensive security and cloud computing experience from companies such as Mandiant, Cloudant, Symantec, Bit9, Juniper, and Dyn.  Threat Stack is headquartered in Cambridge, MA.  For more information visit

READ MORE Coverage in TechCrunch

Maxwell Health Raises $26.4 Million in Series B Funding

One short year ago, Maxwell Health numbered just 14 people in a small office in Cambridge, MA. Today, we’re a dynamic team of 68 employees headquartered in downtown Boston, with remote offices in New York, Baltimore, Minneapolis, Denver, and Los Angeles, and hiring fast across all teams, all over the country. In 2014 alone, we grew our employer customer base by over 1000%, and the number of employees on our platform by over 3000%. 

We want to take this opportunity to wholeheartedly thank our partners for working with us. We’re deeply grateful for the confidence you’ve had in our product, our mission, and our team. We excited to be a core part of your go-to-market strategy and look forward to a long-lasting relationship into the future. We wouldn’t be where we are today without you. READ MORE

Kaminario Secures $53 Million

Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has closed a significantly oversubscribed $53 million financing round, bringing total raised capital to $128 million. In addition to existing investors Sequoia Capital, Pitango, Globespan, Tenaya and Mitsui, the round includes contributions from new investors, Silicon Valley Bank and Lazarus Hedge Fund, as well as a large public company. Kaminario will use the new investment to accelerate growth and extend go-to-market sales, marketing and support reach with its ultra-efficient, highly scalable and agile K2 all-flash storage array.

“Flash arrays have quickly exploded in the market because they can meet modern business needs in a way legacy solutions cannot,” said Haim Sadger, managing partner at Sequoia Capital. “The growing demand is pushing vendors to be more agile, scalable and cost-effective than ever before — and Kaminario has risen to the head of the pack. The speed with which the company has moved from early pioneer to a leading player in this burgeoning market is a testament to its world-class innovation and successful customer deployments.”


Accruent Acquires VFA, Inc.

Accruent, the leader in real estate and facilities management solutions, announced today that it has acquired Boston-based VFA, Inc. (VFA), the leading provider of end-to-end solutions for facilities capital planning and asset management.

According to the International Facility Management Association (IFMA), organizations worldwide invest more than $100 billion annually on renovating and maintaining their facilities and related assets. VFA’s cloud software solutions and consulting services enable customers to assess their real estate portfolios, allocate capital, and make better decisions to support their organizations’ mission and strategy.  READ MORE

Essess Raises Funding​

Essess, a Boston, MA-based thermal imaging technology provider, received a funding of undisclosed amount. 

The round, which brought total funding to date to $10.75m, was led by existing backers Vocap Investment PartnersDFJ Athena and Constellation Technology Ventures, the venture capital arm of Exelon Corp., with participation from new investors, including Tamarisc, a venture capital firm focused on building technologies, and the Massachusetts Clean Energy CenterREAD MORE

CloudLock Raises $6.7 Million in Financing

When we founded CloudLock almost 4 years ago we had a clear vision in mind – to help organizations transform their business by leveraging the cloud – in a secure way. Staying true to that vision, we have built CloudLock into the leader for cloud data protection, capturing security insight for more than 5 million enterprise users with more than 50 billion data objects every single day at some of the world’s largest companies.

With success come opportunities, and today marks a key milestone along the path of further accelerating our growth. We have closed a $6.7M funding round supported by our existing investors. The cloud security market is among the hottest sectors in technology. And while there was significant interest from the market in this round, we have always believed that building the most successful company is about managing growth responsibly and at the same time focusing on adding value for our customers. We couldn’t be more pleased to see the support and backing we’ve received from our existing investors, and we closed the round in what we believe is a record time during a period when the company is growing more than 100% year over year. READ MORE

Polaris Partners Raises $450M Fund
A $450 Million Partnership Investing in Technology and Healthcare 

Each new fund brings great opportunity to the world around us. Polaris Partners VII marks our ongoing commitment to advancing novel ideas and building breakthrough companies. True partnerships matter - and we are thrilled to embark on this next journey alongside extraordinary leaders who seek to make the world a better place. We wish to thank our companies, investors, and colleagues for placing their trust in us year after year, fund after fund. We're proud to be your partners and know that the best is yet to come. READ MORE
Disruptor Beam Raises $3.2 Million in Series A round

Disruptor Beam, the company that brings together worldwide fan communities with authentic games based on iconic worlds, has today announced it has secured a $3.2 million Series A funding round. The new funds will go towards the continued development of the company’s next game, Star Trek Timelines, as well as towards its community- centric gaming platform. In addition, new funds will help the company in its efforts to secure additional IPs for future game products, as well as to expand its team across all disciplines. For more information on Disruptor Beam, visit

This latest round consists primarily of new equity investors as well as conversion of existing debt. New investors in this round included Midverse Studios, GrandBanks Capital and a number of technology-oriented angel investors. Also participating were prior investors including CommonAngels, Romulus Capital, and angel investors including Harmonix founders Alex Rigopulos and Eran Egozy. READ MORE


Smarterer Acquired by Pluralsight for $75 Million

Utah-based Pluralsight today announced that it has acquired Boston-based Smarterer, an innovative skills assessment company, for $75 million.

Dave Balter (CEO) and Mike Kowalchik (CTO) founded Smarterer in 2010 with the mission to allow anyone, anywhere to prove their professional skills through credible verified scores. 

Smarterer helps people manage the gap between the skills they have and the skills they need. By leveraging a library of the freshest crowdsourced tests, the company’s dynamic assessment engine can quantify anyone’s skill in as few as 10 questions and 120 seconds. READ MORE

Dispatch Closes $3.1M in Financing

Dispatch today announced the close of a $3.1M round of seed funding and unveiled the industry’s first scheduling and delivery platform for on-demand services. The company’s strategic financing was co-led by Promus Ventures and GrandBanks Capital, and included Salesforce Ventures, prominent individual investors Ray Lane and Mark Goldstein, as well as Launch Capital and Kima Ventures.

Dispatch’s proprietary platform brings businesses into the on-demand economy by providing enterprises with a mobile extension for their legacy systems and by offering a self-serve set of products and APIs for marketplaces and developers. Businesses rely on Dispatch to enable their customers to instantly find and book a scheduled or immediate service either online or through a smartphone, and allow the customer to track the arrival of their provider in real-time. READ MORE

Alfred Raises $2M

Today Alfred announced a $2M round of funding led by Spark Capital, along with SV Angel & CrunchFund.  Alfred’s service is out of beta and is available in Boston and NYC. 

Alfred Club is the first service layer on the shared economy that manages your routine across multiple on-demand and local services (e.g. Handy, Instacart, and the local dry cleaner). Members build a subscription to make their routine automatic, letting Alfred seamlessly coordinate services in their home, so they come home happy. READ MORE

WiGo Closes $700k

As reported by TechCrunch, WiGo has raised $700k. Tinder CEO, Sean Rad and CMO Justin Mateen took part in the round and will join WiGo as active advisors.

The round also includes investment from Paul English, founder of Kayak, as well as Rue La La and Lids founder Ben Fischman and Kevin Colleran, one of the first ten employees at Facebook.

WiGo, the first app that safely and securely shows college students who is going out at their school and where they're headed, is out of Enligh's startup foundry, Blade. You can read more about WiGo founder, Ben Kaplan and the app here.

READ MORE on the funding coverage from TechCrunch.

InsightSquared Closes $13.5M

InsightSquared Inc. raised $13.5 million for what founder Fred Shilmover calls "affordable business intelligence"--software to help small and medium-size businesses analyze their sales and marketing data for answers to questions that are hard to answer given currently available software.

The Series C round comes from current investors Atlas Venture, Draper Fisher Jurvetson and NextView Ventures along with a new investor, Two Sigma Ventures. READ MORE 

Learn more about InsightSquared on their BIZZpage


Indico Raises $3M in Funding

Indico announced a $3M seed round of funding during their pitch at Techstars.  Investors in the round are General Catalyst, Two Sigma, .406 Ventures, and Boston Seed Capital.  Indico is creating a new kind of development environmnet for machine learning... READ MORE

Lionbridge To Acquire CLS Communication

Lionbridge Technologies, Inc. (Nasdaq:  LIOX) today announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide. 

Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being funded using Lionbridge's existing cash and a new credit facility through its long-standing banking partner, HSBC, who is acting as the leading syndicator. READ MORE