Drizly Raised Additional $2.5M In SEED Capital
Drizly, a Boston, MA-based smartphone app for alcohol delivery, raised an additional $2.5m in seed capital.
The round was led by Continental Investors of Chicago, with participation from Gary Vaynerchuk through his new Vayner RSE fund, and Suffolk Equity, as well as participation from existing investors announced in January as part of the initial $2.3m in seed funding (read here). In conjunction with the funding, Paul Purcell of Continental, will be joining Drizly’s Board. READ MORE
Ditto Secures More than $2M in Funding
Ditto Labs – the pioneer in photo-analytics announces an additional investment of $2.2 million from Cue Ball Capital, Stage 1 Ventures, and leaders in media, technology and advertising. Ditto is the only company scouring the daily torrent of publicly shared photos for brands and products. This is a game-changer for marketers who have never been able to identify and engage directly with consumers who are sharing more than 5 billion photos on social media each week. Ditto automatically identifies who cheers for the Red Sox, who eats at Burger King, who drives a Jeep, and who wears Prada.
Built by a team of MIT-trained computer scientists, Ditto’s proprietary visual search engine adds structure to this unstructured data stream enabling enterprises to make better decisions about product use and audience targeting... READ MORE
Jack Morton Acquires Genuine Interactive
Jack Morton Worldwide, one of the world’s largest and most respected brand experience agencies, celebrating 75 years in business, is acquiring Genuine Interactive, a leading digital, mobile and social firm in Boston, thereby giving it unmatched capabilities to seamlessly connect clients with consumers.
“We’re building the agency for now and fulfilling our clients’ need for experiences that reach people at every touchpoint,” Josh McCall, Jack Morton’s Chairman & CEO, commented. “Adding digital, social and mobile to live brand experiences isn’t an option anymore; it’s required and expected. Although we’ve been on this path for quite a while, we need to continue to evolve and grow digital, social and mobile on a larger scale. Genuine Interactive is the perfect partner to help us expand this vision of a digitally enabled brand experience agency, and allows us to create a powerhouse of two incredibly talented and creative teams.” READ MORE
QPID HEALTH SECURES $12.3M SERIES B FUNDING
QPID Health, which has committed to bringing clinical intelligence to healthcare providers to improve outcomes and lower costs, today announced a $12.3M Series B round of funding led by New York City-based New Leaf Venture Partners. The company will use the investment to meet the market demand for its clinical intelligence solution, which promotes cost-effective and high quality patient care by making it easy for clinicians get access to patient data stored in electronic health records (EHRs) and other backend data repositories. The QPID software, which sits on top of virtually any EHR, has proven that it can generate a strong ROI for hospitals and physician practices. QPID Health welcomes New Leaf’s Managing Director Philippe Chambon to its board of directors.
Today’s investment enables QPID to accelerate the growth of the company and support wider use of its proven software solution in leading hospitals and healthcare systems in the U.S. Current customers include Massachusetts General and Brigham & Women’s Hospitals as well as other members of the Partners HealthCare system. Implementations in other leading medical centers across the country are under way. READ MORE
Allclasses Raises $1.5M in Funding
Allclasses, a vertical search engine for finding online and offline courses has raised a $1.5 million in funding. Investors in the round include: Floodgate Fund, Great Oaks Venture Capital, Atlas Venture, Designer Fund, Maiden Lane, & angel investors...READ MORE
Perfecto Mobile Raises $20M in Funding
Perfecto Mobile, provider of the MobileCloud™ Platform and integrated mobile application quality suite, today announced it has raised a $20 million growth equity investment from new investor FTV Capital, with continued participation from existing investors Carmel, Vertex and Globespan Capital Partners. The latest capital infusion will be used to further fuel Perfecto Mobile’s record growth and continued market leadership in the rapidly emerging mobile application quality space... READ MORE
LogMeIn Acquires Ionia Corporation
LogMeIn, Inc. (Nasdaq:LOGM) announced it has acquired Ionia Corporation, a system integrator specializing in connected solutions. The move is part of a larger strategy to accelerate LogMeIn's IoT opportunity by helping early customers of its Xively Cloud Services platform quickly go to market with their connected offerings.
Prior to the acquisition, Ionia IoT consultants delivered more than 300 cloud business solutions. A Salesforce.com silver partner and Heroku platinum partner, Ionia was ranked number one by Salesforce.com customers in the manufacturing and health/life sciences markets, and won the 2013 Salesforce Partner Innovation Award for Mobile. LogMeIn's Xively IoT Platform-as-a-Service, which was introduced in 2013, has earned top awards by GSMA Mobile World Congress, ARM and CTIA for helping companies optimize internal operations and build connected products for sale.
Stackdriver Acquired by Google
We are very excited to announce that Stackdriver is joining Google! We are grateful for the incredible team, amazing customers, and dedicated investors, and we thank you all for your support.
We started Stackdriver in 2012 to make operations easier by giving people better visibility into their cloud-powered applications. We believed then, as we do now, that data visualization and analytics are powerful tools to make monitoring more useful. READ MORE
Vhoto raises $2.4M in funding
Vhoto, the company that finds amazing photos through the power of video, announced today that its revolutionary Vhoto App for iPhone and iPod touch is now available exclusively on the App Store in the United States and worldwide. Vhoto is free, easy, and fun! Simply take a video using the Vhoto camera app or choose a video from your iPhone or iPod touch’s library. Vhoto’s proprietary technology automatically finds amazing photos hidden inside your video. Then you can save or share your favorite photos ...READ MORE
ANSYS acquires SpaceClaim
Since the inception of SpaceClaim, our focus has been on providing engineers with powerful tools that make their jobs easier. We developed the first truly intuitive 3D modeling solution that puts the power of geometry creation and manipulation into the hands of any engineer who needs it. Since then, we’ve continued to expand our capabilities into new areas such as sheet metal and 3D printing. Every step of the way, we have committed ourselves to listening to our customers and delivering innovative, high quality products.
Earlier today, it was announced that SpaceClaim Corporation has been acquired by ANSYS. ANSYS is the world’s leading provider of engineering simulation software and has been helping engineers and manufacturers predict the behavior and performance of their innovations for over 40 years... READ MORE
TripAdvisor Acquires Vacation Home Rentals
TripAdvisor, Inc. TRIP +0.77% , today announced it has acquired Vacation Home Rentals, a Massachusetts-based vacation rentals website. Vacation Home Rentals features more than 14,000 properties around the world.
"We're thrilled to welcome Vacation Home Rentals to the TripAdvisor family," commented Dermot Halpin, president, TripAdvisor Vacation Rentals. "The team delivers a great experience for both homeowners and travelers and the inventory is a valuable addition to our fast-growing business." READ MORE
Understory Raises $1.9M in Funding
Understory, creator of next-generation weather sensor hardware and data networks, announced today that it has received $1.9 million of funding in a seed round led by Palo Alto, CA-based True Ventures with participation from RRE Ventures, Vegas Tech Fund, SK Ventures and Andrew C. Payne. With this new funding, Understory will implement the planned and approved deployment of its network of patent-pending weather stations across the Kansas City, MO metropolitan area. After spending a year at Boston-based Bolt, a hardware-focused seed fund, Understory is now actively recruiting data scientists, back-end software developers, product managers and electrical engineers.
While traditional, radar-enabled weather centers collect data by analyzing conditions observed in the atmosphere, Understory—named for the area in a rainforest beneath the forest canopy— detects rain, hail, wind and other weather events directly at the earth's surface, where the risk to life and property is greatest. This "ground-truth"-based detection is a marked enhancement in both resolution and fidelity, providing real time datasets and graphical views of the movement and intensity of weather events, which leads to better insight and early detection of risks. READ MORE
DataXu Acquires JasperLabs
Today, JasperLabs, the dynamic creative optimization (DCO) company I founded three years ago, was acquired by DataXu. Before I had even met the DataXu team, I used to reference a nice DataXu study in which it’s shown that creative is one of the most significant drivers of campaign performance. So as you can imagine, I’m extremely excited to have JasperLabs technology become part of the DataXu programmatic marketing stack...Read More
Intralinks Acquires docTrackr
Intralinks® Holdings, Inc. (NYSE: IL), a global SaaS provider of inter-enterprise content management and collaboration solutions, today announced the acquisition of docTrackr, a leading provider of document security solutions. docTrackr’s innovative security and digital rights management (DRM) technology will be integrated into the Intralinks platform. In addition, Intralinks announced a new service that gives organizations exclusive control over their data encryption keys, further strengthening security and data privacy by ensuring that only the key holders can access files in a readable format... READ MORE
Placester Raises $5.5M Series A Funding
Placester, the real estate advertising network, today announced a $5.5M Series A financing round led by Romulus Capital, which also led the company’s seed round, with additional participation from existing investors Dave Anderson (Kiva, Silverpop), Josh Summers (Clypd, Where.com), David Cohen (Founder of Techstars), Adam Berrey (Curoverse, Brightcove, Allaire) and Angel Street Capital. With this round, Placester also announced a new product for local media companies with a nationwide deal with Hearst Corporation. The end-to-end, white-labeled consumer real estate portal combines listing data, powerful free-text search technology and a native advertising platform designed for the needs of the industry.
Together with its website product for real estate agents, Placester is realizing its long-term vision of connecting local publishers to the world’s real estate professionals. These publishers have long been out of reach to most real estate professionals due to market fragmentation and antiquated advertising choices. For publishers, this represents a fresh opportunity to garner more of the enormous digital advertising investment made each year by real estate professionals, estimated to reach $14.5B by 2017. READ MORE
Consumer United raises $14M in funding
As per BetaBoston, Consumer United in Boston, MA has raised $14M in funding. The round of funding was led by Spark Capital & Thayer Street Partners. Consumer United is an online independent insurance agency. READ MORE
ezCater Raises $4M in Growth Capital
ezCater, Inc, the only national player in online catering ordering for business meetings, is completing a raise of growth capital, for $3M. This follows the $1M in growth capital raised in 2013. Investors include Breton Capital Management (a private equity firm), Launchpad Venture Group (one of the country’s 5 most active angel groups), and super angels such as ZipCar investor Jill Preotle.
The company will use much of the new capital to add 20,000 caterers to its site. “We already offer customers the widest selection of caterers to order from. Within 12 months, you’ll be able to order catering online at ezCater.com from well over 50,000 caterers nationwide,” said Stefania Mallett, CEO.
Matchbox Acquired by TargetX
TargetX announced today the acquisition of Matchbox, the leading provider of mobile application review in higher education. The Matchbox app provides the ability for college admissions professionals to read, review and make decisions on applications directly from their iPad.
"Admissions offices need more effective tools to review the ever increasing number of applications they receive during the recruitment season," said CEO of TargetX, Sasha Peterson. "Matchbox is an excellent solution for today's modern office and the perfect complement to our online application product." READ MORE
Drync Secures $2.1M in Funding
Drync, a top wine app and leader in visual commerce, today announced it has secured $2.1M from marquee venture and individual investors and has expanded its executive team with the addition of Brian Carr, who has been named COO of the company. Carr comes to Drync from Springpad, a venture-funded Evernote competitor and TIME Magazine top 50 app two years running, where he was VP of Marketing.
Investors in this round include Cross Link Ventures, Great Oaks Venture Capital, KEC Ventures and Foundry Group, which led the largest syndicate on AngelList to date, raising over $434k for Drync. Hubspot founder, Darmesh Shah and ScanScout founder, Wakit Lau, also made individual investments in the company. This seed round is on top of a $900k initial investment in August. READ MORE
Wellframe raises $1.5M in funding
Wellframe, a Boston-based company that combines mobile technology and artificial intelligence to amplify caring clinical relationships by engaging patients in personalized care plans, today announced that the company has secured $1.5M in seed funding from leading entrepreneurs and investors. These include, among others, athenahealth CEO, Jonathan Bush, Founder and Managing Director of Draper Fisher Jurvetson, Tim Draper, President of the British Medical Association, Sir Sabaratnam Arulkumaran, Former Global Managing Director at Accenture, Russ Nash, Venture Partner at Fidelity Biosciences, Carl Byers and Founder and Managing Partner, Leerink Capital Partners, James Nahirny. Wellframe was also a member company of Rock Health's fourth class. READ MORE
Smarter raises $1.6M in funding
Smarterer has been making some major waves as the company evolves towards solving an enterprise problem for companies with their skills assessment platform called Flock.
As part of this shift, Smarterer raised $1.6M in funding, which puts their total funding to date at $4.6M. Investors in the company include Google Ventures, True Ventures, Boston Seed Capital, Rethink Education, Deborah Quazzo (Founder & Managing Partner of GSV Advisors), and many additional seed investors. READ MORE
Circle raises $17M in funding
Circle Internet Financial, a digital currency company, today announced that it has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners and General Catalyst Partners were joined by new investor Oak Investment Partners to lead the round. Other Series B investors included Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, Inc. and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a leading consumer finance advisory and venture firm led by Circle board member Raj Date, was also an investor in the Series B financing. READ MORE
HourlyNerd raises $4M in funding
We’re thrilled and honored to announce that HourlyNerd has recently raised Series A funding from two of the world’s premier venture capital firms: Highland Capital and Greylock Partners. Partnering with firms like Highland and Greylock will allow us to help even more businesses across the world. Our unwavering goal is to allow businesses of all sizes to get access to top quality MBA freelancers while also allowing top-tier business talent to work more flexibly. We’d like to send a BIG thank you to all of our current and past business customers and Nerds – we couldn’t have gotten to this point without you! READ MORE
Merchant Warehouse Acquires Opticard
Merchant Warehouse®, a leading provider of payment technologies, today announced the acquisition of Opticard, a nationally recognized provider of gift and loyalty programs for organizations worldwide. Through this acquisition, Merchant Warehouse will offer deeper mobile and digital engagement opportunities for small and mid-sized businesses through an expanded suite of gift, loyalty and prepaid programs. This move further solidifies the company's position as one of the leading providers of integrated payment solutions.
For nearly 20 years, Opticard has offered best-in-class solution processing for merchants, ranging from small businesses to Fortune 500 companies, completing more than 20 million transactions annually. Its prepaid offerings, including both gift card and loyalty programs, are designed to meet the unique needs of every retailer, enabling them to build lasting relationships with their customers, while simultaneously encouraging them to return and spend more. Through this acquisition, Merchant Warehouse will continue to invest in the Opticard platform to advance the suite of service offerings to both new and existing resellers and retail customers.
Actifio raises $100M in funding
Actifio, the copy data virtualization company, today announced it has secured an oversubscribed $100M funding round led by Tiger Global Management, LLC, with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion of market coverage, global brand development, and product feature enhancements in the world’s leading data management solution for virtualized and Cloud IT architectures.
“From the start we have focused on building the next great technology brand with a singular focus on delighting our customers with revolutionary technology, enterprise-class service, and transformative business results,” said Ash Ashutosh, Founder and CEO, Actifio. “Having shone a light on the $46 Billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio.. READ MORE
Unsully acquired by Handybook
As per their blog post, Unsully has been acquired by Handybook. Unsully is a startup founded by Joe Nigro and was focused on providing premium car washes to homes. Joe will be joining as Handybook's General Manager for their Boston operations. READ MORE
Localytics raises $16M in funding
Localytics (www.localytics.com), provider of the most powerful analytics and marketing platform for mobile and web apps, announced today it has raised $16M in Series C financing led by new investor Foundation Capital. Existing investor, Polaris Partners, also participated in this round. Localytics will use the new funding to accelerate investments in product development, sales and customer service, and to fuel international expansion. The new financing brings total capital raised to $25M.
The new financing comes on the heels of a record-breaking year for Localytics during which it tripled revenues for the fifth straight year. In 2013, Localytics grew its customer base significantly, with new customers such as ESPN, Clear Channel and SoundCloud joining its already broad customer base that includes industry leaders such as eBay, Fox and Microsoft. The company also opened offices in San Francisco and London. Localytics is now used by more than 5,000 companies, and is installed in over 1.4 billion devices across the globe. READ MORE
Zmags acquired by The Gores Group
The Gores Group, a leading Los Angeles-based investment firm, today announced that it has acquired Zmags Corp. through its Small Capitalization Partners investment fund.
Brian T. Rigney, newly appointed CEO of Zmags, said, “The Gores Group’s investment in Zmags will enable us to continue providing the most innovative solutions to our customers and further accelerate our vision for the future of digital publishing and eCommerce.” READ MORE
MachineShop raises $3M in funding
MachineShop, today announced it has emerged from stealth mode to help simplify and standardize the way organizations, individuals, applications and systems interact with each other in a hyper-connected world. Looking beyond how tens of billions of devices physically connect to the Internet, MachineShop is focused on the trillions of data transactions and interactions that will occur through the Internet of Services – the domain where communication occurs through standard Services or application program interfaces (APIs) rather than legacy platforms, middleware or proprietary protocols. MachineShop marries the ubiquitous adoption of APIs with the ever-growing number of connected systems and related data sources allowing developers and their applications to leverage standard, discrete, purpose-built services.
The company also announced that it raised $3 million from strategic investors, its first outside capital. Until now the company was funded almost entirely through revenue. The three investors are CSR, Diebold, Incorporated and Xchanging plc, each of whom is a MachineShop customer or partner. READ MORE
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