Listen Current Announces $950,000 in Seed Funding
Listen Current, an edtech company which curates the best of public radio to keep teaching connected to the real world and build student listening skills at the same time, announced today it has raised a $950,000 seed round from a mix of angels and institutional investors, led by Launchpad Venture Group, the largest angel investment group in the Northeast. The seed round was also financed by impact investing groups NewSchools Venture Seed Fund, Investors Circle, and the Patient Capital Collaborative as well as individual angels and the Angel Investor Forum.
Founded by award-winning public radio reporter Monica Brady-Myerov, Listen Current is the leading provider of non-fiction audio news stories in the classroom. The management team includes distinguished education technology veteran Karen Gage, a former Blackboard and Pearson executive. Listen Current is a graduate of the inaugural cohort of the LearnLaunch Accelerator, a premier edtech accelerator in Boston. READ MORE
Vaultive raises $8M in funding
Vaultive, the leader in cloud data encryption, today announced an $8 million dollar financing round, led by .406 Ventures, New Science Ventures and Harmony Partners. The company will use the new funding to fuel continued growth, and advance its industry-leading encryption platform for cloud data.
Vaultive also announced new additions to the executive team, including Jonas Hellgren as President and CEO, and David Kahan as CFO and General Counsel. Hellgren brings a strong track record of building and scaling high-tech companies poised for growth. With more than 20 years of experience in business management and strategic development, Hellgren will focus on continuing Vaultive’s growth in strategic markets where Vaultive’s encryption technology is relied upon to secure critical data in the cloud. Prior to joining Vaultive, Hellgren was SVP of Operations at Jumptap, where he led key operational teams during a period of tremendous revenue growth. Previously, Hellgren served as SVP, Managed Security Services at Verisign...READ MORE
Lineage Labs raises $4M in funding
As reported by The Boston Business Journal, Lineage Labs has raised $4M in funding. Investors in the round include Paul English's Blade, The Kraft Group, CommonAngels Ventures, and Windspeed Ventures. Lineage Labs' first product is called Bevy, which is creating new ways for families to experience digital photos and video... READ MORE
Attend.com Raises $5.6M
As reporter by Boston Business Journal, Attend.com, All-in-one software to help you plan, produce, and improve events, has Raised $5.6 Million. READ MORE
GrubHub Acquires DiningIn
GrubHub GRUB 3.08% is a $3 billion company known for helping to connect hungry users with restaurants that will deliver them food. Now GrubHub wants to deliver the meals itself, in a major preemptive move against on-demand delivery aspirants like Google GOOG 1.73% and Amazon AMZN 0.19% .
The Chicago-based company already had been testing its own service in three markets — San Francisco, Los Angeles and Chicago — but this morning announced that it has acquired DiningIn (based in Brighton, Mass.) and signed an agreement to acquire Restaurants on the Run (Aliso Viejo, Calif.). The two deals are worth approximately $80 million, and mean that GrubHub will be executing deliveries for nearly 3,000 restaurants in around one dozen U.S. metro markets. READ MORE on Fortune
HourlyNerd Raises Series B Investment
HourlyNerd, the leading online marketplace for elite freelance business talent, announced today that it has raised $7.8 million in Series B funding, led by Highland Capital Partners, with participation from GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, angel investor Semil Shah, former Etsy CEO Maria Thomas, Rent the Runway Founder/CEO Jennifer Hyman and Boston VC Suffolk Equity Partners.
This new round of funding comes just 11 months after HourlyNerd announced its Series A financing round, led by Highland Capital Partners and Greylock Partners, and just 15 months after announcing a seed funding round led by billionaire angel investor, Mark Cuban. HourlyNerd will use the financing to continue expanding upon its market-leading technology platform. READ MORE
Bolt Raises $25M Second Fund
Bolt, a Seed-stage fund propelling hardware startups with capital, expert engineering staff, equipment, and manufacturing support, announced it closed its second fund at $25 Million and has opened a second facility in San Francisco. READ MORE
nToggle Raises $5.6 Million In Series A Funding
Veteran Ad Tech Team, Top VCs and Industry Angels Focus on Bringing Heightened Efficiency and Transparency to Programmatic Advertising.
nToggle, a Boston based company in stealth mode, announced today it closed $5.6 million in Series A funding, led by Sigma Prime Ventures and Bessemer Venture Partners (BVP).
Founded by ad tech veteran Adam Soroca (former chief product officer at Jumptap, acquired by Millennial Media), nToggle uses a proprietary algorithm-driven software platform to help supply and demand partners manage their ever-expanding bid stream. The company’s big data platform “toggles” real time bidding requests across all digital media, utilizing the latest analytical and machine learning techniques to optimize supply and demand matching. READ MORE
TripAdvisor Acquires ZeTrip, Inc.
TripAdvisor(R), the world's largest travel site*, today announced it recently acquired ZeTrip, Inc., including its product Rove, the personal journal app that helps users log activities including places they have visited and photos they have taken. ZeTrip employees have moved into the TripAdvisor Palo Alto office and have integrated with the TripAdvisor mobile team.
"We are pleased to welcome the innovative ZeTrip team to the TripAdvisor family," said Adam Medros, senior vice president, Global Product, TripAdvisor. "The team will be a valuable addition to our mobile group and we look forward to integrating the company's technology to further enhance the experience for TripAdvisor mobile app users." READ MORE
QuantumID adds $2.5M
As Reported by Boston Business Journal, QuantumID, a Leader In Providing Turnkey Solutions to Improve Visibility of Packages, Assets, Business Operations and Work Processes in Select Industries, has raised $2.5 million. READ MORE
WHOOP Raises $3M in Seed Funding
As per SEC filings, WHOOP (formerly known as Bobo Analytics) has raised $3M in seed funding. Whoop is a technology and data analytics company for performance optimization. READ MORE
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy Acquires Minority Stake in Boston Boot Company
ShoeBuy expands into footwear manufacturing business with Micro Shoery
ShoeBuy, a leading global online retailer of shoes and clothing for shoppers seeking the best variety and brands, today announced it has acquired a minority stake in Boston Boot Company. The acquisition marks ShoeBuy’s expansion into the footwear manufacturing business, and provides an opportunity for the company to directly deliver superior products to its customers.
“We are excited to acquire a stake in Boston Boot Company to uniquely expand ShoeBuy’s foothold in all things shoe-related. Boston Boot Company, with its commitment to and passion for quality, brings a new business, new expertise and new opportunities to ShoeBuy,” said Mike Sorabella, ShoeBuy CEO. “With both companies rooted in Boston and strongly committed to delivering a great customer experience – the fit was natural.”
Boston Boot Company’s mission is to craft high-quality boots for men, using the best ingredients in small batches, for customers who appreciate a well-made product. With Shoebuy’s proven track record of innovation in operations, fulfillment and marketing, it is well-positioned to expand the distribution of the Boston Boot products very quickly.
“At its core, Boston Boot Company, is a micro or ‘craft shoery.’ We use the finest materials, take incredible pride in our product from the eyelets to the insoles, and strive to produce superior boots for our customers,” said Joe Lyons, Boston Boot Company Co-Founder. “We are thrilled with the opportunity to benefit from ShoeBuy’s eCommerce expertise and broad reach to ensure maximum exposure for our brand. This partnership allows us to focus on making great boots – one pair at a time.”
Boston Boot Company, founded by Joe Lyons and Joe Prew, began like many start-ups with a few passionate people driven by a common goal; the team’s sole commitment is to create boots that are stylish, comfortable and durable. Initially financed through a creative fundraising campaign via Kickstarter in 2013, the first boots were shipped in Spring 2014. The company now offers several collections, each designed with classic, rugged and independent spirit. Now, the complete Boston Boot Company product line is available at ShoeBuy.com, bringing the brand to millions of shoppers.
Financial details of the deal were not disclosed.
With more than one million products for customers to choose from, ShoeBuy is a leading global retailer for shoes, clothing and accessories for shoppers seeking the best variety and brands. The ShoeBuy customer experience extends beyond shoes through the company’s broad portfolio of products, as well as the exclusive Events.ShoeBuy.com featuring invitation-only private sales. ShoeBuy.com was founded in 1999 and is an operating business of IAC (Nasdaq: IACI). Learn more at shoebuy.com, connect with us on Twitter @ShoeBuy, follow us on Pinterest or visit our Facebook page.
About Boston Boot Company
Founded in 2013 and headquartered in Massachusetts, Boston Boot Company brings men new choices in boot options. Combining craftsmanship, comfort and innovation, Boston Boot Company’s line of Horween leather boots is classic in design, while providing a level of durability and comfort not often found in casual boots. The company was founded by Joe Prew and Joe Lyons. Learn more at bostonbootco.com.
Iora Health Raises $28 Million Series C Financing
Iora Health today announced it has secured $28 Million in its Series C funding round from four new investors: Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures, and its existing investors, including .406 Ventures, Fidelity Biosciences and Polaris Partners. Iora Health will use the additional financing to fund rapid expansion to continue delivering transformative health care. Already in six states, Iora expects to double in size in 2015.
Iora Health has developed a dramatically different health care operating system that starts with primary care, driving best-in-class patient experience, engagement and clinical outcomes, while reducing overall health care costs. Iora’s model is powered by its proprietary collaborative care system. The technology enables the teams to better care for their entire patient populations -- patients who come to see them and those who don’t. READ MORE
Testive Announces $500k Bridge Round of Funding
Testive, an edtech company that makes an online platform to improve standardized test scores, announced today that it has closed a bridge round of $500k to expand marketing and sales outreach to parents, students, and guidance counselors.
Developed at MIT by co-founders Tom Rose and Miro Kazakoff and launched in 2011, Testive’s software uses adaptive learning algorithms to identify student strengths and weaknesses and generates responsive questions at the appropriate difficulty level to build students’ key skills rapidly. “It’s like lifting the right weights at the gym,” said Testive Co-Founder and CEO Tom Rose, “it makes students stronger, faster.” READ MORE
Kaminario Raises Additional $15M
Kaminario has Raised an Additional $15M to its previous round of $53 Million.
Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has achieved more than 100% quarter-over-quarter growth in bookings in Q4 2014, with the majority of customers choosing to expand their implementations following initial purchase. Kaminario also announced it has raised an additional $15 million toward its recently oversubscribed round of $53 million in December due to strong demand from investors. The company’s total funding now stands at $143M.
“Kaminario is at the leading edge of a revolution in storage,” said Brian Abrams, Partner at Lazarus, a US-based hedge fund. “More companies than ever are looking to implement flash in their data centers, and Kaminario’s all-flash array offers an unprecedented combination of value and performance. This funding round strongly positions Kaminario to capitalize on its recent progress and grow exponentially in the months and years ahead.” READ MORE
CloudHealth Technologies Secures $12 Million in Series B Funding
CloudHealth Technologies, the pioneer in IT service management for the cloud, announced today it has secured $12 million in series B funding, led by Silicon Valley-based Scale Venture Partners. Existing investors .406 Ventures, and Sigma Prime Ventures also participated in the round. As part of the funding round, Ariel Tseitlin, Partner with Scale Venture Partners, will be joining CloudHealth’s board of directors. On the heels of exceeding 100% quarter over quarter growth in 2014, CloudHealth Technologies will be using the funds to support the company’s rapid customer adoption, CloudHealth platform enhancements, expansion of services and increased hiring tied to engineering and sales.
“Enterprise and technology companies on a global scale are turning to the truly disruptive, utility-based cloud computing model. However, these same companies face challenges due to the increased complexity of managing cloud-based services that are magnified by the newly-enabled rapid rate of change. Traditional IT management tools just don’t work in this new model. Managing a cloud ecosystem with an eye toward maximizing the investment presents a real challenge,” said Partner Ariel Tseitlin of Scale Venture Partners. “CloudHealth is the first company to develop and scale a platform that enables ITSM for this very significant market, making it the leader in the space and an ideal investment for Scale Venture Partners. I am excited to join the CloudHealth Technologies board as they transform the way companies manage their cloud environments.” READ MORE
VMTurbo Raises $50 Million
VMTurbo, the only real-time demand-driven control platform for the software-defined universe, today announced its 18th consecutive record quarter, capping 2014 with revenue growth of 126% year-over-year. Along with strong revenue growth, VMTurbo increased its employee base by 126% and relocated company headquarters to Copley Square in Boston.
A new round of investment led by ICONIQ Capital raised $50 million for continued new product development and company growth. With more than 1,000 customers, including many of the world’s leading money center banks, financial institutions, social and e-commerce sites, carriers and service providers, VMTurbo was proud to grow its customer base in 2014 to include Salesforce.com, Thomson Reuters, Tribune Publishing, Cablevision and Rogers Communications. READ MORE
Jibo, Inc., Raises $25.3M in Series A Financing
Executive Chairman Steve Chambers Takes on the Role of CEO as Founder Cynthia Breazeal Becomes Chief Scientist
Jibo, Inc., the company behind Jibo -- the first family robot -- today announced $25.3M in Series A financing, led by RRE Ventures. Participating existing investor CRV, also the lead seed investor, and existing investors Fairhaven and Osage University Partners join new investors RRE, Flybridge Capital Partners, Two Sigma Ventures, Formation 8, Samsung Ventures and original angel investor, the Pagliuca Family Group, in the round.
"Jibo is a natural fit for RRE Ventures," said RRE Ventures Co-founder and Managing Partner Stuart Ellman. "RRE has a long history of discovering category-defining companies in emerging industries and supporting their visionary founders. BuzzFeed in Content 2.0. Makerbot in 3D printing. Venmo in peer-to-peer payments. These ideas seemed crazy at the time. But crazy is a beautiful word at RRE; what's crazy today is in your home tomorrow. That's Jibo." READ MORE
ROAM Acquired by Ingenico Group
Ingenico Group (Euronext: FR0000125346-ING), the global leader in seamless payment, announced today that it now owns 100% of ROAM. ROAM and its mcommerce platform – consisting of secure mobile card readers, mobile Point-of-Sale (mPOS) applications, an innovative mobile payments engine and professional services – are now part of Ingenico Mobile Solutions, Ingenico Group’s mobile-focused brand, which will continue to be headquartered in Boston.
"ROAM is a key part of the Ingenico Group worldwide portfolio as mobile commerce growth surges,” said Jacques Guérin, EVP Smart terminals and Mobile solutions, Ingenico Group. “With 100% of ROAM, we will accelerate the deployment of a global and integrated mobile offer, enabling merchants to increasingly engage with their customers. This is a great opportunity to take Ingenico Mobile Solutions through its next phase of growth.” READ MORE
Breakaway Acquires Crunch Brands
We are excited to announce that Breakaway has acquired the agency Crunch Brands, an exceptional multi-disciplinary team led by our new Chief Marketing Officer, Ted Schlueter.
Our mission has always been to help drive value for our portfolio companies and clients. Sometimes that’s investing capital or placing talent. Often it’s developing a new brand strategy, building exceptional creative assets, and activating it across a community. There is always a place these businesses want to go. It might be dominating their category, exponential growth or building towards an IPO. Whatever it is, we have engineered an incredible machine to get them there faster. READ MORE
*Learn more about Breakaway's story in our interview with Baldwin, CEO & Schlueter, CMO after the acquisition - HERE
athenahealth Acquires RazorInsights
We’re making good on our new brand promise – to connect care – right out of the gates in 2015 with today’s announcement that we’ve acquired RazorInsights, LLC, a leader in cloud-based electronic health record (EHR) and financial solutions for rural, critical access and community hospitals.
What we want – and what providers need – is to be able to follow the bouncing ball from the doctor’s office to wherever care goes and capture and coordinate that care. With the acquisition of RazorInsights, we are following that ball into the inpatient hospital space – one we have not entered to date. READ MORE
QD Vision Lands $28M in Funding
As reported by Boston Business Journal, QD Vision, Inc., a nanomaterials product company delivering advanced display and lighting solutions that provide unparalleled color and cost savings, recently raised $28 million in funding from existing investors that included North Bridge and Highland Capital, among others. READ MORE
True Fit Raises $15M
True Fit, a Woburn, Mass.-based retail SaaS company allowing consumers to discover apparel and footwear styles that fit, raised $15m in equity funding.
The round was led by Signal Peak Ventures, Promus Ventures and Jump Capital, with participation from existing investors Guggenheim Partners, Breakaway Ventures and Novel TMT. READ MORE
Excel Venture Management Invests in Qstream
Qstream, providers of a mobile enterprise application for managing the human side of sales acceleration, today announced that the company has closed an additional $4 million in venture funding from new investor Excel Venture Management, with participation from existing Qstream investors Frontline Ventures and Launchpad Venture Group. The new funds represent the second tranche of a $6.85 million Series A financing, which includes $2.85 million closed in September 2013.
The funding will be used to accelerate the company’s expansion in the estimated $2 billion predictive analytics sector, where Qstream combines the power of mobile, gamification and big data to deliver a new class of business intelligence that helps sales managers quickly and proactively align the behaviors of their sales people with growth initiatives. READ MORE
peerTransfer Secures $22M
peerTransfer, the leading provider of global payment solutions for the education industry, closed $22 million in new funding this week. Bain Capital Ventures led the round, with participation from prior investors including Spark Capital, Devonshire Investors, Accel Partners, and QED Investors.
The additional capital will be used to accelerate international growth, expand coverage and penetration at U.S. colleges and universities, and advance the company’s innovative cross-border payment platform. READ MORE
MediSafe Raises $6 Million
MediSafe™, the leading global medication management platform with over 1.3 million mobile downloads across iOS and Android smartphones and tablets, announced today that it has raised a $6 million Series A Round led by Pitango Venture Capital. Others participating in the round include 7wire ventures, as well as investors from previous rounds, including lool Ventures, TriVentures and Eyal Gura.
MediSafe’s mobile-first approach involves creating personalized interventions to the major causes of non-adherence – forgetfulness, lack of support, emotional distress, information overload, low engagement, and rising medication costs. Through its platform, the company is enabling tighter care coordination between patients, caregivers or “MedFriends,” physicians, and other providers. READ MORE
Demandware to Acquire Tomax
Demandware® Inc. (NYSE:DWRE) the industry-leading provider of enterprise cloud commerce solutions, today announced that it has agreed to acquire Tomax, an enterprise cloud software company that provides an integrated solution for retail point-of-sale (POS) and store operations. The combination of Tomax’s enterprise-class POS with Demandware’s robust, scalable cloud platform creates a breakthrough unified commerce platform that empowers retailers to deliver seamless experiences across all consumer touch points, including POS. The acquisition of Tomax is expected to close in January.
Connected consumers, empowered by the pace of technological innovation, are driving the digital transformation of retail. While 90 percent of all retail transactions take place in the store, digital is expected to influence approximately half of all in-store sales by 2015(1). To navigate this transformation, retailers are incorporating digital functionality into the store experience, such as personalized merchandising, detailed product information, ratings and reviews, product recommendations and the mobilization of store associates. In addition, retailers increasingly want to move to a single consumer-facing platform to extract value from disparate back office systems and leverage data, business rules, functionality and processes across the enterprise. READ MORE
OpportunitySpace Secures $500,000 Seed Round
The founding team at OpportunitySpace is thrilled to announce that we have secured $500,000 of our first outside funding for our seed round from a diverse set of real estate industry related investors. OpportunitySpace is an online marketplace for urban development opportunities (www.opportunityspace.org). Our team works in close partnership with city and town governments as well as other public entities to identify and drive creative redevelopment to undervalued property in urban areas.
OpportunitySpace CEO Alexander Kapur says, “Our funding validates the investment potential in the surging real estate and public sector technology verticals. More broadly, it signals strong support for ventures that are solving urban issues, such as disinvested real estate. We hope this inspires entrepreneurs and investors who are pushing innovation for cities and towns.” READ MORE
TripAdvisor Acquires Iens
TripAdvisor has agreed to acquire top Dutch online restaurant review and booking sites Iens, the companies said on Thursday, giving the travel website a leading position in the Netherlands.
Iens.nl, which has reviews of 20,000 restaurants and roughly 20 million annual visitors, allows users to book tables through SeatMe, which will also be acquired by Tripadvisor. READ MORE
Learn more about TripAdvisor on their VentureFizz BIZZpage!
Everbridge Acquires Strategic Assets of Nixle
Everbridge, the worldwide leader in unified critical communications, has acquired the assets and team of San Francisco-based Nixle, a leading software platform for local, public safety and service communications. The combination of Everbridge’s market dominance in emergency notification, with Nixle’s innovative approach to community engagement, will redefine the way that organizations communicate and collaborate with local residents, schools and businesses.
Nixle delivers real-time, relevant information from public safety agencies to local communities, encouraging interaction and engagement. The company has grown to support over 7,000 public safety and government agencies at the local, county and state level, and millions of opt-in users. The combined Everbridge/Nixle team will expand the use of community notifications and shared intelligence to reach residents, educators, public safety professionals, local businesses and community leaders. READ MORE
Learn more about Everbridge on their VentureFizz BIZZpage!