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Fundings
Backupify raises $4.5M in funding - Cambridge, MA
September 7, 2010: Backupify, the leading provider of online backup, archiving and export services for cloud-based social media and SaaS data, today announced that it has secured $4.5 Million in Series A funding co-led by Avalon Ventures and General Catalyst, with additional participation from Lowercase Capital and First Round Capital. This round of investment will enable Backupify to accelerate its product development capabilities while expanding its focus on data management services that target the increasing amount of data that enterprises store in cloud-based applications.
http://bit.ly/vfdealsbackupify
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Salary.com acquired by Kenexa - Needham, MA
September 1, 2010: Kenexa Corporation (Nasdaq: KNXA) and Salary.com, Inc. (Nasdaq: SLRY) today announced that they have entered into an agreement for Kenexa’s acquisition of Salary.com in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Kenexa, a global provider of business solutions for human resources, expects to complete the cash tender offer and close the transaction during the fourth quarter of 2010.
http://bit.ly/vfdealssalary
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Yottaa raises $4M in funding - Cambridge, MA
August 30, 2010: Yottaa, an innovative cloud computing company driven by the pursuit of a better Internet experience, today unveiled its suite of free Web performance analytics tools in public beta and announced the close of a $4 million round of venture funding from General Catalyst Partners, Stata Venture Partners and CambridgeWest Ventures. The company was co-founded by Coach Wei, a pioneer in Web 2.0 and Rich Internet Application technologies and founder and chairman of Nexaweb.
http://bit.ly/vfdealsyottaa1
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RatePoint raises $7M in funding - Needham, MA
August 20, 2010: RatePoint Inc., a leading provider of customer reviews, testimonials and online reputation management services, today announced it has closed a $7 million Series C round of funding co-led by Prism VentureWorks of Needham, Mass., .406 Ventures of Boston, Mass. and Castile Ventures of Waltham, Mass.
http://bit.ly/vfdealsratepoint
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PatientsLikeMe raises $8M of a planned $30M round of funding - Cambridge, MA
August 20, 2010: According to SEC filings, PatientsLikeMe in Cambridge, Massachusetts has raised $8M of a planned $30M round of funding. PatientsLikeMe is an online health community for patients with life-changing conditions.
http://bit.ly/vfdealsplm
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SaveWave raises $2.3M in funding - Belmont, MA
August 19, 2010: SaveWave, a digital promotion, distribution, and rewards fulfillment company today launched as a stand-alone business, spun out of Sallie Mae’s Upromise Grocery operations. The company will take over the technology and operations that power Upromise’s all-digital grocery coupons and expand their use through a white-label program for consumer packages goods brands, retailers, membership programs, and media companies to deliver nationwide grocery rewards. As part of today’s launch, SaveWave also announced it has secured a $2.3 million Series A round of financing led by Flybridge Capital Partners and First Round Capital with participation from Founder Collective, IA Capital and several leading angel investors, including Ron Conway and Upromise founder, former Chairman and CEO Michael Bronner. As part of the funding, Jeff Bussgang, a general partner at Flybridge Capital Partners and co-founder and former President of Upromise, First Round Capital’s Josh Kopelman, and Upromise President, David Coppins, will join the Company’s Board of Directors.
http://bit.ly/vfdealssavewave
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Conduit Labs acquired by Zynga - Cambridge, MA
August 17, 2010: Zynga today announced it has acquired Boston-based social games company Conduit Labs. Effective immediately, the Conduit Labs office will become Zynga Boston, a new game studio focused on new product development. Today's announcement expands Zynga's studio operations adding to locations already in San Francisco, Austin, Baltimore, Bangalore, Beijing and Los Angeles. Terms of the acquisition were not disclosed.
http://bit.ly/vfdealsconduit
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Shape Up The Nation raises $5M in funding - Providence, RI
August 16, 2010: Shape Up The Nation, the innovative provider of social networking-based online health and wellness services, announced today that Cue Ball Capital and Excel Venture Management, in partnership with management members, have provided $5M of Series A funding.
http://bit.ly/vfdealsshapenation
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Lycos sold to Ybrant for $36M - Waltham, MA
August 16, 2010: Lycos Inc., the leading brand of search based internet properties and services. Ybrant Digital, the end-to-end provider of digital marketing solutions,announced the signing of the stock purchase agreement to acquire Lycos Inc., the leading brand of search based internet properties and services, from Daum Communications of Korea.
http://bit.ly/vfdealslycos
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Marginize raises $650K in funding - Boston, MA
August 11, 2010: Per Scott Kirsner's E-Mail blog post, Marginize in Boston has closed their initial round of funding after raising $650K. Marginize is a graduate of the 2010 TechStar's spring program. Marginize powers the augmented web by enabling users to engage with each other through comments and check-ins on any page, independently from the owner of the web page.
http://bit.ly/vfdealsmarginize
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MedNetworks raises $5M in funding - Newton, MA
August 9, 2010: As reported by Xconomy, MedNetworks in Newton, Massachusetts has raised $5M in a series A round of funding from Excel Venture Management. MedNetworks is a new company based on technology developed by Prof. Nicholas Christakis and colleagues at Harvard University. MedNetworks applies unique, highly validated, and fully functional technology to map, analyze and activate social networks across a broad range of constituencies: consumers, patients, health plan members, physicians, hospitals, etc.
http://bit.ly/vfdealsMedNetworks
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GameLogic acquired by Scientific Games - Waltham, MA
August 6, 2010: Scientific Games Corporation (Nasdaq: SGMS) today announced that it has acquired substantially all the assets of GameLogic Inc., a provider of interactive marketing services for the U.S. regulated gaming industry, including GameLogic's software for internet-based loyalty programs for lottery players as well as an extensive suite of interactive games and other related intellectual property. Scientific Games has also hired several key members from the GameLogic development and marketing teams. Scientific Games intends to integrate the GameLogic assets with its existing Properties Plus business.
http://bit.ly/vfdealsgamelogic
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SilverRail Technologies raises $9M in funding - Boston, MA
August 3, 2010: As reported by Mass High Tech, SilverRail Technologies in Boston, Massachusetts has raised $9M in venture capital funding. They are building a product that consolidates passenger rail products from across the globe into an integrated single-source platform that removes the complexity of selling rail anywhere in the world.
http://bit.ly/vfdealssilverrail
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JAZD Markets raises $4M in funding - Andover, MA
July 29, 2010: According to SEC filings, JAZD Markets in Andover, Massachusetts has raised $4M in funding. JAZD Marketes is a comprehensive MaaS platform company built by online marketers and B2B publishers to deliver the highest tangible return from online marketing investment available today.
http://bit.ly/vfdealsjazd
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Gazelle raises $12M in funding - Boston, MA
July 21, 2010: Gazelle, the nation’s largest reCommerce service, announced today that Physic Ventures is leading its $12 million series C round of investment. Gazelle’s current investors, Venrock Associates and RockPort Capital, have also announced their additional investment and participation in this round of financing.
http://bit.ly/vfdealsgazelle
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