Toast, the all-in-one restaurant technology platform and one of the fastest-growing technology companies in the U.S., today announced an additional $101 million in financing led by new investors Generation Investment Management and Lead Edge Capital. Existing investors including Bessemer Venture Partners also participated in the oversubscribed round. Toast plans to use these new funds to continue building the market-leading cloud platform that empowers restaurants of all sizes to offer the best technology-enabled guest experience.
Vets First Choice, the leading provider of technology enabled healthcare services for veterinary medicine, announced a $223 million strategic investment to accelerate growth, launch new innovative services, and begin a global expansion effort into Europe and Asia.
Rubicon Project (NYSE:RUBI), the global exchange for advertising, today announced that it has acquired nToggle, a technology company that makes it easier and more cost effective for programmatic buyers to find the inventory they’re looking for among the billions of bid requests they receive each day. The technology will be made available on the Rubicon Project platform in the coming months, giving buyers the option to utilize the bid request optimization technology.
SevOne, a Wilmington, Delaware-based performance software provider, has raised $150m in equity financing from Bain Capital.
The company intends to use the proceeds to maintain their growth and accelerate their go to market operations.
Rapid7, Inc. (NASDAQ: RPD), a leading provider of analytics solutions for security and IT operations, has acquired Komand, a security orchestration and automation company, to help its customers reduce time to resolution, maximize resources, and overcome ecosystem complexity. This acquisition enables Rapid7 to address the critical need for orchestration and automation to fill resource gaps that cannot be met by humans alone. Rapid7 is the first organization to unite IT and security analytics and business context with the ability to automate action.
NewStore, Inc., the Mobile Retail Platform founded by the creator of Demandware (now Salesforce Commerce Cloud), Stephan Schambach, today announced it has secured $50 million in Series B funding. Activant Capital, who led the round, joins returning investors General Catalyst and Stephan Schambach. The round cements NewStore as the dominant player in mobile commerce. Total capital raised to-date now stands at $90 million. The company will use the investment to expand its innovative platform and rollout the solution for retailers looking to realize their omnichannel aspirations.
Desktop Metal, the company committed to making metal 3D printing accessible to manufacturers and engineers, today announced it has completed a $115 million Series D investment round to further accelerate the company’s rapid business growth and adoption of its end-to-end metal 3D printing systems. Since its inception in October 2015, Desktop Metal has raised a total of $212 million in financing, with the Series D marking the largest individual private round for a metal additive manufacturing company.
As reported by BostInno:
After selling Vela Systems to Autodesk in 2012, Cambridge entrepreneur Josh Kanner is accepting money from the computer-aided design giant once again. Except this time, Autodesk is using its cash to invest in Kanner's new startup.
Bevi, a mission-driven company that develops custom beverage machines, has raised a $16.5M Series B led by Trinity Ventures, with ongoing support from Horizons Ventures and Tamarisc. The company will use the funding to continue expansion throughout the United States, support the launch of their new counter-top beverage dispenser model, and accelerate the development of IoT-enabled technology that allows consumers to customize their beverages at the Point of Use.
Wellframe, a leading mobile-enabled care management solution provider, today announced the organization’s Series B round of financing, led by F-Prime Capital, with participation from existing investors including DFJ, who led the company’s A round. Carl Byers, Executive Partner at F-Prime, will join the Wellframe board of directors. This round brings total funds raised by the company to $25 million.