Boston, MA

Volition Capital raises $170M fund

Volition Capital announced today that it has closed its latest fund, Volition Capital Fund II, L.P., with aggregate capital commitments of over $170 million.  Due to strong investor interest in Volition’s small cap growth equity focus, the fund was oversubscribed on its original target of $150 million.  New investors in Volition Capital Fund II include university endowments, non-profit foundations, major corporations, fund-of-funds, and family offices.  READ MORE

DraftKings raises $24M in funding

DraftKings, Inc., a leading provider of daily fantasy sports online and in mobile with offerings in fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey, has closed a $24M Series B round of funding led by Redpoint Ventures, with participation by GGV Capital, Atlas Venture, and BDS Ventures. DraftKings plans to use the money to fund marketing and acquisition, develop strategic partnerships, and to hire key talent. Featuring daily fantasy sports contests and same-day settlement, DraftKings makes playing fantasy sports simpler and faster for both seasoned and casual players.  READ MORE

StudentUniverse Acquires WeHostels

StudentUniverse announced today that it has signed a definitive agreement to acquire WeHostels – a mobile travel agency that allows users to book budget accommodation through its best-in-class mobile applications. The announcement comes less than two months after StudentUniverse’s first international expansion into the UK.  READ MORE

Her Campus Media Acquires

Her Campus Media, the parent company of, the #1 online community for college women and leading college marketing firm, today announced it has completed its acquisition of HerUni Media Limited. The acquisition further strengthens Her Campus Media as it aims to cement its position globally as the leading brand in the female college space.  READ MORE

Rest Devices raises $1.3M in funding

As reported by the Wall Street Journal, Rest Devices in Boston, MA has raised $1.3M in funding.  The round of funding was led by The Experiment Fund and also included Andy Parlmer and Nuland & Arshad, Inc.  Rest Devices in start-up that develops connected products that simplify people's lives.  Their first product is the Mimo, a new kind of baby monitor that is able to push a baby's breathing data, skin temperature, body position, and activity level real-time to a parent's smartphone. READ MORE

CoachUp raises $6.7M in funding

CoachUp, the nation’s leading private coaching company, has raised $6.7 million in its Series A round, co-led by venture capital firms Point Judith Capital and General Catalyst Partners.

“We are pleased to continue to support CoachUp — we love the marketplace they are building.  There’s a significant opportunity for CoachUp to connect consumers with fitness professionals,” said David Fialkow, managing director of General Catalyst Partners, both a Seed and Series A investor.  READ MORE

Shuttersong raises $875K in funding

Shuttersong, whose app embeds music and sound into JPEG images, announced today that it has closed $875,000 in a second round of seed funding. The round is led by an established angel group consisting of individuals associated with the law firm of Bingham McCutchen LLP, and New England entrepreneurs Vincent D'Agostino, and Jere Doyle. The second round comes just over a month after the launch of the Shuttersong app and eight months following its initial $800,000 from many of the same angel investors in February, 2013. READ MORE

Mustbin raises $4.5M in funding

Mustbin today launched its mobile app of the same name for capturing and organizing life's most vital information and treasured moments. Available now for free in the Apple App Store, the Mustbin app is designed natively for iOS 7 and guides users through capturing and organizing both physical and digital information in secure "bins" that can be shared privately with family, friends or advisors. Bins are stored in the cloud and secured with the highest level of encryption. READ MORE

Yesware acquires

As reported by TechCrunch, Yesware in Boston has acquired SF based  Yesware is a service for salespeople that helps them close deals faster.  They have an email service that tracks email, templates responses and syncs to CRM.  READ MORE

RapidMiner raises $5M in funding

RapidMiner, Inc., the de-facto industry standard for predictive analytics built on an open stack, today announced it closed a $5 million Series A funding round, led by Earlybird Venture Capital and Open Ocean Capital, which is backed by the founders of MySQL. The company will use the capital to expand domestic and international sales and marketing operations in response to expanding demand for its RapidMiner product, and develop additional products in RapidMiner's enterprise-ready predictive analytics product line. READ MORE

Rethink Robotics raises $11.5M in funding

As per SEC filings, Rethink Robotics has raised $11.5M in funding.  Investors included Two Sigma Ventures, Sigma Partners, Charles River Ventures, Highland Capital Partners, Draper Fisher Jurvetson and Bezos Expeditions.  Rethink Robotics is a robotics company that created a manufacturing robot named Baxter.

RallyPoint raises $5M in funding

In anticipation of Veteran's Day, as corporate recruiters and human resource professionals step up their efforts to recruit, hire, and retain military talent, RallyPoint announced it has raised $5 million in venture capital to accelerate development of corporate talent solutions for its fast-growing professional military networking platform.  READ MORE

Continuum raises funding

Zenith Infotech, a publicly-­‐traded, international company specializing in remote monitoring and management, innovative business continuity, and cloud computing solutions for IT service providers, today announced that its Managed Services business unit has been spun off and is now operating as a new and separate company, Zenith RMM, LLC (now called Continuum). Summit Partners made a sizable growth equity investment, and Summit’s John Carroll and Jason Glass will join the Zenith RMM Board of Directors. The newly formed company plans to focus its efforts and invest to accelerate product development, improve its market-­‐leading service, and expand its thought leadership.  READ MORE

Snapverse raises $3.5M in funding

As reported by TechCrunch, Snapverse in Boston, MA has raised $3.5M in funding from John Hannan of Apollo Management.  Snapverse lets you combine short videos with your favorite music to make a 20-second bite of awesomeness on your iPhone.

Kinematix raises $2.6M in funding

Tomorrow Options, a body dynamics company delivering cutting-edge connected health and fitness products that evaluate body position and movement to improve human function, wellness and performance, announced today it has closed its Series B round of funding, receiving $2.6 million from venture capital funds managed by Portugal Ventures, one of Portugal's largest venture investment firms. This investment complements a $2.3 million investment by Portugal Ventures in a 2008 Series A funding. At the same time, the company also announced it changed its name to Kinematix, and launched in the US with a fully-owned US subsidiary in Boston, and presentations at key events in connected health.  READ MORE

ByteLight raises $3M in funding

ByteLight, the retail indoor location company, today announced that it has closed a $3 million Series A round of funding from institutional and individual investors including Flywheel Ventures, Motorola Solutions Venture Capital, the eCoast Angel Network, Sand Hill Angels and Google’s Don Dodge. The company will use the new investment to accelerate growth in the retail sector and platform development.  READ MORE

ImpulseSave acquired by Betterment

Our mission at ImpulseSave has always been to build a great product that would help improve the financial lives of our customers. With that mission in mind, we couldn’t be more excited to join the Betterment team. They share our belief that great technology paired with thoughtful design can enable us to make smarter financial decisions and reach better outcomes.  READ MORE

BoardProspects raises $2.4M in funding

Boston-based BoardProspects Inc., an online platform that connects prospective board members with companies and organizations looking to fill board seats, today announced $2.4 million in series A funding.  "This round of funding represents a great vote of confidence in our mission of improving board governance and transforming the traditional boardroom recruitment process," Mark Rogers, founder and CEO of BoardProspects, said in a statement. READ MORE

Fancred raises $1.5M in funding

Fancred, a Boston, MA-based sports social network, raised $1.5m in seed funding.  Backers included Atlas Ventures, Militello Capital, Star Power Partners, and some unnamed angel investors.  The company intends to use the funds for user base growth, product development and partnership set up.  READ MORE

Brand Networks Acquires Optimal

When we founded Brand Networks back in 2006, we knew that “social” wasn’t just a marketing tactic or a collection of websites. We knew that social was bigger than that; a digital operating system that connects us to the things that matter most to us. We set out to help to help brands claim their place on the social graph and connect deeper with their customers, fans, and followers.

As the Facebook Platform grew, so did our work there, eventually earning us the distinction of Strategic Preferred Marketing Developer. As additional social platforms like LinkedIn and Google+ have opened their APIs to marketing developers, we have jumped in with both feet. We are proud to have helped some of the world’s best known brands become the world’s most liked and connected.  READ MORE

Anaqua raises $25M in funding

Today Bessemer Venture Partners (BVP) announced a $25m investment in Anaqua, a leading provider of intellectual asset management (IAM) software and services. This investment follows growth equity investment Anaqua received from Insight Venture Partners in July of this year.

Anaqua's software helps leading global companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices. Anaqua's SaaS-based platform enables companies to align their intellectual property with their business goals, prosecute and secure it; and create value through more efficient licensing. Companies are further able to pay IP maintenance in multiple global jurisdictions using Anaqua's payment services platform. More than 20,000 users in over 100 countries are using Anaqua to manage approximately $500 billion in intellectual assets; these include users from Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company.  READ MORE

Achvr raises $1.25M in funding

Achvr, the “gamified” social platform that enables users to discover, track and share their first time experiences, today announced its launch into public beta after raising $1.25 million in seed funding from private angel investors. With Achvr, users discover and set goals, such as learning to play the guitar or climbing Mount Everest, and earn points for achieving those goals.  READ MORE

Swirl raises $8M in funding

Swirl Networks, Inc. today announced that it closed a strategic $8 million investment round led by Hearst Ventures, a unit of Hearst Corporation, to fuel the expansion of its technology platform into the large-scale, multi-category retail market. Swirl is extending its proven mobile marketing and personalization capabilities from specialty apparel and fashion retailers to the largest big box and department stores to drive in-store sales, customer engagement and loyalty. The round includes repeat investments from SoftBank Capital, a unit of SoftBank Corp., and Longworth Venture Partners.  READ MORE

Sample6 raises $11M in funding

Sample6, a company focused on applying biotechnology to advance food safety, announced today that it has secured a $11 million Series B financing round led by Canaan Partners. Joining the round are Cultivian Sandbox, a fund which invests in emerging technologies in the food and agriculture industry, and Series A lead investor Flybridge Capital Partners. In addition, the company noted that Stephen Bloch, MD, General Partner of Canaan Partners, has joined its Board of Directors while Peter Farina, PhD, Executive in Residence for Canaan Partners, will join its Scientific Advisory Board.  READ MORE

Healthrageous is acquired by Humana

Humana was the mystery buyer of Boston-based health engagement company Healthrageous, MobiHealthNews has learned. Healthrageous sold its assets to Humana and a number of Healthrageous employees who supported the platform will also be joining the insurance company. READ MORE

Vsnap raises $500K in funding

As reported by the Boston Business Journal, Vsnap in Boston, MA has raised $500K in funding.  Vsnap is a video messaging system that businesses use to make customers feel special. Rhey make it easy to record, share and measure short video messages, which web companies use to create personal and emotional connections with their customers. READ MORE

Quantopian raises $6.7M in funding

Quantopian, the world's first browser-based algorithmic trading platform, today announced $6.7M in Series A financing from Khosla Ventures and existing investor Spark Capital. This brings the company's total funding to date to $8.8M. The new funding will be used to enhance the cloud-based platform and fuel growth as Quantopian builds a community of quants larger than all of Wall Street combined.  READ MORE

Logentries raises $10M in funding

Logentries, a new cloud-based service provider for collecting and analyzing huge quantities of machine-generated log data, has received $10 million in Series A financing and has named Andrew Burton as president and CEO. Unlike costly log management alternatives that require advanced technical skills to use, Logentries utilizes a unique collective intelligence model to transform otherwise difficult-to-consume log data into actionable business and operational insights. Logentries will use the funds to accelerate product development and aggressively drive a go-to-market strategy. The financing round was led by Polaris Partners, along with Floodgate, Frontline Ventures, and RRE Ventures. Floodgate is a new investor joining the other firms that provided $1 million seed money in 2012.  READ MORE

OANDA acquires Currensee

OANDA, a pioneering global provider of innovative foreign exchange trading services, today announced that it has acquired Boston-based Currensee Global Inc., a leader in forex market copy trading within a proprietary social trading network. Together, the integration of the two leading technology platforms from OANDA and Currensee will provide traders with a unique offering.

Copy trading, a method by which traders can mirror the trading behavior of experienced forex investors from around the world, has realized tremendous growth in recent years. In addition, copy trading makes it possible for individual traders to share research data and collaborate with other traders. READ MORE

Ministry of Supply raises $1.1M in funding

As reported by the Boston Business Journal, the Ministry of Supply has raised $1.1M in funding.  Investors included the VegasTechFund (led by Tony Hsieh), SK Ventures, and Craig Breslow (Red Sox Picture).  Ministry of Suply is a men's apparel company focused on performance professional attire.  READ MORE