Boston, MA

DraftKings raises $7M in funding

DraftKings, Inc., a leading provider of daily fantasy sports online with offerings across the board in fantasy baseball, fantasy football, fantasy basketball, and fantasy hockey, has closed a $7M Series A round of funding led by Atlas Venture. DraftKings plans to use the money to continue to perfect the customer experience and to broadly market its online and mobile offerings in short-term fantasy sports play. Featuring daily fantasy sports contests and same-day settlement, DraftKings makes playing fantasy faster and more exciting for both seasoned and casual players. Launched on April 28, 2012, the funding announcement comes right as the company is celebrating its first anniversary. READ MORE

MyEnergy acquired by Nest

Today is a first. Three years ago we started Nest Labs with a vision of saving people energy, of changing the way people even think about their energy use. Today we’ve taken another big step in that direction with our very first acquisition.

MyEnergy is a fantastic company. They’ve put together a talented team to create exactly the kind of technology our customers have been asking for. Every day we get requests for more data: for spreadsheets, charts, detailed comparisons and, most importantly, energy savings translated into actual dollars.

We’ve acquired MyEnergy to help us do both: the details and the dollars. MyEnergy lets you track your electric, gas and water use in one place. It automatically reads your energy bills so you can see how much you spend month over month, year over year, and compare that to neighbors and friends. Their technology and team are fantastic, and their footprint is huge: they can access data from more than 1,500 energy providers and have users in every US state.  READ MORE

Extraprise acquires SmartSource

Extraprise, the leader in right time revenue optimization services for B2B and B2C enterprises, today announced it has acquired SmartSource, a leading B2B and B2C email service provider with extensive marketing automation, workflow and multi-channel marketing functionality. The acquisition provides a platform to deliver advanced digital lifecycle marketing capabilities to B2B and B2C enterprises. Those enterprises will then be able to execute real-time, multi-channel marketing campaigns at any stage of the customer lifecycle to optimize revenue. SmartSource will operate as a wholly owned subsidiary of Extraprise, and will continue to provide technology and services to its marketing service provider, digital agencies and enterprise clients. The financial terms of the acquisition are not being disclosed. READ MORE

Nanigans raises $5.8M in funding

As reported by TechCrunch, Nanigans in Boston has raised $5.8M in a Series A.1 round of funding.  Nanigans, an early official Facebook Ads API Partner, offers a fully automated real-time bidding platform for the Facebook ads marketplace.

Fashion Project raises $1.8M in funding

As reported by TechCrunch, Fashion Project in Boston, has raised $1.8M in funding from Atlas Venture, High Peak Ventures, Schooner Capital, and other angel investors.  Fashion Project is an eCommerce site where you can done and shop for designer labels with a portion of every sale going to charity.

Zerto raises $13M in funding

Zerto, rapidly becoming the disaster recovery standard in virtualized data centers for both enterprises and cloud service providers, today announced it has closed a $13 million round of Series C financing. The round was led by RTP Ventures, an affiliate of ru-Net Holdings, with strong support from existing investors Battery Ventures, Greylock IL and U.S. Venture Partners.  Murat Bicer, managing director of RTP Ventures, will join the company’s board of directors.  READ MORE

High Street Partners raises $8M in funding

High Street Partners (HSP), the leader in business software and services designed to simplify international expansion, today announced an $8 million round of financing, led by institutional venture capital investor Baird Capital, along with Sigma Partners and Gold Hill Capital. This is the largest investment round that HSP has raised to date, and the proceeds have been earmarked to accelerate the launch of newly developed applications within its cloud-based software platform, HSP OverseasConnect®.  READ MORE

QPID raises $4M in funding

QPID™ Inc., an innovative provider of health record acceleration and intelligence solutions, today announced that it has closed $4 million in early funding from investors including Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization (MGPO) and Cardinal Partners. The funding will support QPID’s growth strategy in three main areas: hiring critical talent to accelerate product innovation, marketing and sales, and strategic expansion into the commercial market after four years of R&D at hospitals within the Partners Network, including Massachusetts General Hospital and Brigham & Women’s Hospital. As part of the investment, Brandon Hull, Managing General Partner at Cardinal Partners, will join QPID’s Board of Directors.  READ MORE

Billaway raises $1.1M in funding

Billaway, a Boston, MA-based provider of a rewards program for utilities, closed a $1.1m seed funding.  The round was led by the Funding Farm with participation from Boston-area angels and management.  The company intends to use the funds to add new team members and execute on new partnerships.  READ MORE

EverTrue raises $5.25M in funding

EverTrue, an education fundraising platform, today announced a $5.25 million Series A funding round led by Bain Capital Ventures with participation from existing investors Boston Seed Capital, TechStars CEO David Cohen, Bonobos CEO Andy Dunn and Trunk Club CEO Brian Spaly. Bain Capital Ventures joins a prestigious list of higher education leaders who have invested in EverTrue including Harvard Corporation Member Paul Finnegan, Brown University Trustee Sam Mencoff, Northwestern University Trustee Tim Sullivan, University of Pennsylvania Overseer Jim Perry, Georgetown Regent Brendan Carroll, former University of Chicago Trustee Ned Jannotta and Buckley School Trustee Thomas Lehrman.  READ MORE

Open Mile acquired by Echo Global Logistics

Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, has acquired Open Mile, Inc., a truckload brokerage headquartered in Boston, MA.

Founded in 2010, Open Mile is a non-asset transportation service provider that combines high tech automation with freight management expertise to create superior shipping services for clients and carriers.  READ MORE

ZeroTurnaround Acquires Javeleon

ZeroTurnaround, creator of the award-winning Java development tool, JRebel, has acquired Javeleon, known for its research on dynamic update systems and tools that increase developer productivity. The acquisition includes exclusive rights to all related intellectual property.  READ MORE

AppNeta raises $16M in funding

AppNeta, the leading provider of cloud-delivered services for IT performance management, today announced that the company has raised $16 million in Series C funding led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity and Business Development Bank of Canada. The new investment validates AppNeta’s rapid growth in the SaaS performance management market and bolsters the company’s vision to transform IT performance management by bringing end-user experience monitoring and network insight to traditional application performance management (APM).  READ MORE

Wiggio acquried by Desire2Learn

Boston based Wiggio has been acquired by Desire2Learn.  Wiggio is a free productivity tool that simplifies group communication. Private groups of any size can quickly and easily communicate and share information in real-time via text, email and voice messaging, live phone and video-conferencing, file sharing and editing, group surveys, shared calendars, schedules and discussion topics.

Crimson Hexagon raises $3.5M in funding

As per SEC filings, Crimson Hexagon in Boston, MA has raised $3.5M in funding.  Crimson Hexagon is a provider of social media monitoring and analysis to brands, agencies, media firms and their partners.

CloudHealth raises $4.5M in funding

CloudHealth Technologies announced today that it has closed a $4.5 million Series A round with .406 Ventures and Sigma Prime Ventures to launch CloudHealth.  CloudHealth is the first SaaS platform that provides Business  Performance Management for the Cloud.  With CloudHealth, management can trend, analyze, model, plan, and predict their cloud environment by customer, product, service, organization, or any logical business view.  CloudHealth ultimately enables companies to optimize the performance and reduce the cost of the cloud, based on business needs.  READ MORE

Spark Capital raises $450M fund

Spark Capital raised $450 million for its fourth fund, making it the largest round for the Boston-based firm, writes Reuters. Spark, which has invested in consumer Internet companies like Twitter, Tumblr and Foursquare, will tap this fund to expand into other sectors like financial services, healthcare and education.

Polar raises $1.2M in funding

Battery Ventures participated in a $1.2 million seed round for iPhone app Polar. Other investors in the round include Yahoo founder Jerry Yang at AME Cloud Ventures; John Lilly at Greylock Partners; Maynard Webb from Webb Investment Network; and Ash Patel at Morado Ventures. Polar is a super-fast and easy way to create and vote on great-looking photo polls.

Plastiq raises $6M in funding

Plastiq, an online payments solution provider based in Boston, Massachusetts with offices in Toronto, Canada has closed a $6M round of Series A financing. The round was jointly led by venture capital firms Atlas Venture and Flybridge Capital Partners. Investors from the previous round, NextView Ventures and Greenoaks Capital Management LLC, also participated alongside angel investors including Harvey Golub, former Chairman and CEO of American Express.

Consumer United raises $52.5M in funding

As reported by the Boston Business Journal, Consumer United has raised $52.5M in fudning led by Spark Capital and Thayer Street Partners.  Consumer United is a website focused on helping people shop online for personal auto and other insurance products by enabling shoppers to quickly compare rates and find better coverage from companies that best fit their individual and family needs.

Bolt Accelerator raises $3.5M in funding

As per SEC filings, Bolt has raised $3.5M in funding.  Bolt is an accelerator focused on hardware startups.  They are expecting to raise approximately $5M total for their first round of funding.

Cloudant raises strategic investment from Samsung Ventures

Cloudant, a leading provider of a globally distributed database-as-a-service (DBaaS), today announced that Samsung Venture Investment Corporation (Samsung Ventures) has made a strategic investment. The funding will be used to advance research and development to further improve global data distribution technologies and mobile application data management.

Sonicbids acquired by Backstage

Backstage, LLC, the world's most trusted name in casting, auditions and entertainment-industry opportunities, today announced that it has acquired Sonicbids, the leading platform for bands to connect with promoters and market themselves online. The deal, financed by Guggenheim Partners, combines the two leading entities for actors, musicians, casting directors and promoters to showcase and discover talent. Terms of the transaction were not disclosed.

Backstage and Sonicbids come from the same heritage of matching artists with opportunities. For more than 50 years, Backstage has been the world’s most trusted name in casting, auditions and entertainment-industry opportunities. It helps actors, singers and dancers find opportunities, while connecting casting directors, producers, directors and choreographers with amazing talent.


Quantopian raises funding

Boston based Quantopian has raised initial funding from Spark Capital and GETCO.  Quantopian is a platform for you to build and test trading algorithms. It's a place to meet other algorithm writers, to share ideas, strategies, and trading experiences.

Humedica acquired by UnitedHealth Group

As reported by the Boston Business Journal, Humedica in Boston, MA has bee acquired by UnitedHealth Group for hundreds of millions.  Humedica is a clinical intelligence company that provides private cloud-based business solutions to the health care industry.

MediaSilo raises $2.25M in funding

Cloud media management service MediaSilo announced today that it has closed a $2.25 Million Series A round led by Boston-based Schooner Capital. MediaSilo will use the funds to accelerate growth in new markets and strengthen its position as a pioneering leader in video management, collaboration, and distribution.

MediaSilo’s platform makes it easy to work with video from anywhere. The platform provides an online media library, with collaboration and delivery tools for any video workflow. Users can set up branded microsites for sharing video beautifully and securely. MediaSilo currently manages millions of videos, graphics, audio and documents for over 400 companies, including media enterprises, production companies, retail brands, pro-sports teams, hospitals, and colleges.


Apperian raises additional funding

Enterprise mobile application management (MAM) pioneer Apperian, Inc. today announced that the company has received a strategic investment from Intel Capital, Intel’s global investment and M&A organization. The additional capital builds on previous investments from top firms including Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, and North Bridge Venture Partners and brings Apperian’s total funding to date to $28 million.  The investment comes at a time where Apperian is seeing significant growth due to the increasing demand for technology that can help enterprises manage and secure mobile applications and tackle BYOD head-on.

Jebbit raises $229K in funding

Jebbit in Boston, MA has raised $229K led by Boston Seed Capital.  Other investors include John Simon (Partner at Sigma Prime Ventures) and Dharmesh Shah of HubSpot.  Jebbit, a startup founded by Boston College students, allows companies to create questions highlighting their products and rewards consumers for correctly answering and engaging.

Moontoast raises $5M in funding

Moontoast, a Boston and Nashville-based provider of a social rich media advertising platform, raised $5m in Series B financing.

The round was led by the Martin Companies, LLC, with participation from unnamed existing investors (read here).

The company intends to use the capital to further develop its platform, and expand its business development, sales and client services efforts. It is also adding to its marketing and product development teams.

Digital Lumens raises $10M in funding

Digital Lumens has closed a $10 million round of funding from existing investors including Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners. Digital Lumens is an LED lighting systems and service provider.