Techstars

26 stories
Good Vibrations: A smart bracelet for long-distance lovers
Alexander List's startup HeadTalk IO is a member of TechStars Boston.
Skype dinner dates and Snapchat selfies are great, but not being able to touch that special someone is the great big downside to long-distance relationships. A new wearable device called Magnet promises to keep the attraction alive between partners who are miles apart. When you tap one bracelet, its pair buzzes, like a little love tap on your wrist. Read More
Out of the Boxx
Promoboxx to pull manufacturers and independent retailers into the advertising future
Promoboxx chief executive Ben Carcio. Image via YouTube
Promoboxx is quite unlike many of the other startups who took part in the Techstars Boston 2011 class in that it hasn't received a large Series A or Series B round of investment funding. The great thing for Promoboxx is that it hasn't had to raise money since its initial early stage funding. So you may not have heard much about the company founded and led by chief executive Ben Carcio, since journalists like myself are only interested in sexy news like a new financing round or the sudden departure of a key employee.  Read More
Techstars grad makes good
Getting from A to B: EverTrue CEO Brent Grinna on what it takes
From left: Brian Goldsmith of Bain Capital Ventures, co-founder
Eric Carlstrom (back row, white shirt), CFO Niall Hawkins, COO
Elisabeth Carpenter, CEO
Brent Grinna, VP of Product
Matt Sly, and
Mike Krupka of Bain Capital Ventures.
EverTrue, a startup that helps universities and prep schools connect with and raise money from alums, is announcing that it has raised some more cash of its own today. Bain Capital Ventures is leading an $8 million round of funding for the Boston company. That brings the total amount EverTrue has raised to $14.5 million. I asked founder and CEO Brent Grinna about what he thought were the keys to getting from its first major round of funding (often known as a Series A round) in March of 2013 to this second round (the B round) just about 18 months later. Read More
California dreamin'
Transplant to West Coast says it's still better for fundraising than the East
san_francisco_postcard
If you're a Boston entrepreneur, you've probably thought about moving to California at least once or twice—admit it. Of course, some actually go through with it. I recently caught up with a couple of those who've made the move from Boston to San Francisco and Silicon Valley, to ask them about their experience of trading the East Coast for West. Read More
Start Me Up
UPDATE: Details of Techstars' new equity 'guarantee' clarified
Techstars Boston director Semyon Dukach (photo by Kyle Alspach)
Earlier, I wrote a post about how Tech stars' new approach to taking equity in participating startups addresses one of the criticisms that some have in regards to the accelerator program. Dan Primack wrote a piece earlier about the startup accelerator program's new "guarantee." I misread that as a kind of "pay what you want" philosophy, which isn't actually accurate.  Companies will still give up equity to take part in the program, it can just be negotiated if they are unsatisfied with their Techstars' experience. Read More
Permission Slips? We don't need no stinking Permission Slips
Techstars' EdTrips is more than your average back-to-school startup
Image via iStock
EdTrips is a startup that has found a way to make signing up and paying for field trips much easier for teachers, students, and especially parents. Since paper field trip permission slips and payments have a habit of getting lost in your kid's backpack, EdTrips is a great concept to start with. Read More
The Next Sports Hub
Fancred raises $3 million to become the online gathering for sports fans
BARRY CHIN/GLOBE STAFF
Fancred, the Boston-based mobile and online sports fan hub, announced today that is has received $3 million in funding from a group that includes new investor Breakaway Innovation Group as well as Atlas Ventures and Militello Capital, who participated in the company's $1.5 million seed round. Read More
Domo arigato, Mr. Roboto, domo...domo
DataRobot gets $21 million in new funding led by NEA
<a href="http://www.shutterstock.com/pic-197769899/stock-photo-cloud-computing-design-concept-cybernetic-robot-arm-holding-smartphone-with-copy-space.html?src=DknGQnMZbtKk44x8lvRPPg-1-65">"Cloud computing design" via Shutterstock</a>
Boston-based DataRobot has raised another round of funding according to multiple sources. The latest round of funding is a $21 million Series A led by NEA that, according to VentureWire, values the company at more than $60 million. Atlas Venture, who led the company's last investment, also joined the round. Read More
WePay it forward
How WePay inspired innovation at Boston College
bc commencement
The Boston College business majors who graduated Monday were high school seniors in December 2009 when WePay, the popular payments API company founded by BC alums, raised $1.7 million in a series A venture round. The startup’s continued success — contracts with big-name firms like Care.com and GoFundMe, plus another $32.5 million in funding — is a good reason why members of this year’s class will likely be more entrepreneurial than their predecessors. Read More