Funding

142 stories
Head in the Clouds
CloudHealth Technologies raises $12 million to support the growth of cloud computing
(NOAA NATIONAL WEATHER SERVICE; FREEBIGPICTURES.COM)
CloudHealth Technologies, a Boston-based developer of management software for the cloud, announced today that it has raised $12 million in new funding. The Series B investment round was led by Silicon Valley venture capital firm Scale Venture Partners, and was joined by existing investors .406 Ventures and Sigma Prime Ventures. Read More
Deja vu all over again
Driftt, out to improve collaboration on documents, collects $15 million
The Driftt team, from left: David Cancel, Marshall Moutenot, Alden Keefe Sampson, and Elias Torres.
So much happens in five years... In 2010, I covered the initial funding of a Cambridge startup called Performable, which was out to help websites hold on to more of their visitors. In 2015, those same two entrepreneurs are collecting capital for a new idea, Driftt, from the same venture capital firm that initially backed Performable, CRV. Between 2010 and 2015, they got acquired by HubSpot for $20 million, helped that company rebuild its digital marketing product and grow its software development team, and left in September 2014, just before HubSpot's IPO. Read More
VC bubble or not, sea of funding options is boon for entrepreneurs
GREYCROFT PRINCIPAL ELLIE WHEELER AND FORMLABS SALES AND OPERATIONS LEAD LUKE WINSTON SPEAK AT MIT VC & INNOVATION CONFERENCE. (MIMI PHAN/MIT SLOAN SCHOOL OF MANAGEMENT)
Are we in a venture capital bubble? No one quite agrees as to whether we are or not, and venture capitalists and industry analysts have staked out on both sides of the debate over the course of 2014. Whether or not a bubble exists, it is clear that soaring valuations, increased venture funding, and a sea of new financing options are opening up more doors for entrepreneurs seeking funding. Read More
Free VC access, a novel idea
Unpitch offers unbelievable access to investors yet again
<a href="http://www.shutterstock.com/pic-188082377/stock-vector-businessman-the-angel-and-the-devil.html?src=5DD2EmZh0RNaToBNYwmrWg-1-2">'Businessman, angel, and devil' via Shutterstock</a>
A few years ago, an organization called Young Startup Ventures would show up in the Boston-area and run an event called the New England Venture Summit, promising access to some of the most important and financially connected venture capitalists in the area and charging naive entrepreneurs between $495 and $795 for the access. Read More
Innovating Pharma Delivery
PillPack raises $8.75 million; pre-sorted pill packets gain momentum
(image via PillPack)
PillPack, the Somerville-based medication management company, announced this morning that it has raised $8.75 million in a round of funding led by Accel Partners. The round was joined by Atlas Venture as well as High Line Venture Partners, QueensBridge Venture Partners, and individual investors Andy Palmer and David Tisch. Read More
Delicious deal
Phoodeez catering raises $600k, led by Project 11
Phoodeez caters large-scale corporate functions and small-scale luncheons by supplying food from multiple local restaurants. Workers at Litmus, an e-mail analytics firm in Boston, enjoyed a Phoodeez lunch in July.
Katie Rae was at an MIT conference when a familiar thought crept into her head: “How quickly can I duck out of this boxed lunch and go get real food?” “But I peeked into the box and said, ‘Wow, this actually looks good,’ ” she recalled. “That was my introduction to Phoodeez.” Now Rae’s venture capital firm, Project 11, is leading a $600,000 investment round in Phoodeez, a Boston startup that caters corporate functions by supplying food from multiple local restaurants that specialize in different types of cuisine. Read More