December 14, 2018
Boston Tech Deals Roundup - Funding News (December 10 - December 14)
Here’s your look at the acquisition and funding news in Boston tech from December 10 to December 14!
HubSpot announced the launch of HubSpot Ventures, a $30 million fund that aims to bolster and expand the impact of software-as-a-service startups. In evaluating companies for investment, HubSpot Ventures will prioritize early-stage companies raising funding for a seed, Series A or Series B round.
Blockchain-focused venture capital group Algo Capital, is launching a $100 million USD fund to invest and manage significant capital in emerging disruptors building on the Algorand decentralized platform.
Rave Mobile Safety announced the acquisition of SwiftReach Networks (SwiftReach), a leading provider of emergency notification and incident management solutions. The combination of Rave and SwiftReach will provide wide-ranging capabilities and unmatched infrastructure to ensure optimal communications under the most demanding circumstances.
Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces the acquisition of TellusLabs, a leader in the use of satellite imaging for developing agricultural insights.
Celect has raised a $15 million Series C round as it tries to sell its inventory-prediction technology to more retailers.
Investors: NGP Capital, Fung Capital, Activant Capital, and August Capital
Solo.io, a Cambridge, Mass-based startup that has just exited stealth mode, helps enterprises adopt cloud-native technologies.
Investors: Redpoint Ventures and True Ventures
MachineMetrics Inc., a Northampton tech startup focused on collecting data from factory floors, has raised $11.3 million, which it will use in part to grow its new office in Cambridge.
Investors: Tola Capital, Hyperplane Venture Capital, Long River Ventures, Mass Ventures and Hub Angels