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May 4, 2018

Boston Tech Deals Roundup - Acquisitions, Merges and Funding News (Apr 23 - May 3)

Here’s your look at the acquisition and funding news in Boston tech from April 23rd to May 3rd!


Acquisitions

Bose
Bose acquires Detour

Detour is a walking tour-simulator founded by Groupon founder Andrew Mason.
Location: Boston

BuySellAds
BuySellAds buys Digg Reader
BuySellAds is an adtech company acquiring an RSS feed part of content aggregator Digg.
Location: Boston

American Well
American Well acquires Avizia

American Well plans on using Avizia’s technology to expand their acute healthcare capabilities.
Location: Boston

Also, American Well is hiring! Check out its BIZZpage


Sovos acquires TrustWeaver

Sovos is a global provider of tax software.
Location: Boston


Mergers


Kaseya merges with Unitrends

Both companies are combining their respective IT management solutions into one platform.
Location: Boston and Miami


Group Funding

LaunchByte Logo
LaunchByte invests into seven startups totaling $875,000
LaunchByte, an execution-focused and startup hub, has made the announcement that they are making pre-seed investments into seven companies; 1Touch, BondApp, Herb N' Go, HollarHype, ThinkerZero, Wave, and ZenMe. LaunchByte’s investments are exclusively for product development, marketing, and growth.
Location: Boston


Funding

Formlabs
Formlabs raises Series C funding totaling $30M
Formlabs plans on using the funds to broaden its business portfolio
Investors/Firms: Tyche Partners, Shenzen Capital Group, UpNorth Investment Limited
Location: Boston

Also, Formlabs is hiring! Check out its BIZZpage


Minim secures $2.5M seed round
Minim is an IoT company who developed a platform protecting wireless devices.
Investors/Firms: Founder Collective, Flybridge Capital Partners
Location: Boston

Namogoo
Namogoo finalizes Series B at $15M
Namogoo has created a platform for eCommerce companies to eliminate customer hijacking.
Investors/Firms: Hanaco Venture Capital, GreatPoint Ventures, Blumberg Capital and Inimiti Capital
Location: Boston

Validity
Validity receives growth equity investment
Validity plans on expanding their business with this newest investment.
Investors/Firms: Silversmith Capital Partners
Location: Boston

Sentenai Logo
Sentenai raises $2M in a seed round

Sentenai is an up-and-coming data science technology using the funds to expand its team
Investors/Firms: One Way Ventures
Location: Boston

Soft Robotics
Soft Robotics raises $20M in an oversubscribed funding round
Soft Robotics is creating automated, industrial packing robots
Investors/Firms: Hyperplane Venture Capital, Scale Venture Partners, Calibrate Ventures, Honeywell Ventures, Tekfen Ventures, Yamaha Motor Co., Ltd.
Location: Cambridge

ToolsGroup
ToolsGroup obtains growth equity investment
The company wants to expand its supply chain technologies.
Investors/Firms: Accel-KKR
Location: Boston


Colin Barry is a contributor to VentureFizz. Follow him on Twitter @ColinKrash

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