Wednesday, January 31, 2007

Oco Raises $10 Million in Third Round - Waltham, MA

Oco, a Waltham-based provider of business intelligence software, has raised $10 million in its third round of venture capital, led by Highfields Capital Management, a Boston-based firm. Oco's software is used in a range of industries and the company said in a press release on Wednesday that it has established a growing presence in the retail sector, where information systems may differ at store locations, corporate headquarters, and online merchandising operations.

Tuesday, January 30, 2007

JumpTap Takes Strategic Investment from WPP - Cambridge, MA

JumpTap, a Cambridge-based provider of mobile search and advertising technology, has received a strategic investment of undisclosed amount from WPP, a major, London-based communications service firm. The investment will provide clients of WPP companies -- collectively one of the world's largest buyers of media -- with access to JumpTap's services, the companies said. Both parties will also partner to develop new techniques to target and profile customers through mobile phones. Founded in 2003, JumpTap raised $22 million in its third round of venture capital last year, led by Valhalla Partners.

Monday, January 29, 2007

BlueTarp Raises $18.5 Million in Venture Capital - Portland, ME

BlueTarp, a privately held, Charlotte-based financial services company with key operations in Portland, has raised $18.5 million in its second round of venture capital, led by Trinity Ventures. Other investors in the deal include Highland Capital Partners, IDG Ventures Boston and Village Ventures. BlueTarp provides commercial trade credit services to about 550 building material stores and 12,500 contractors across the U.S.

RatePoint Raises $1 Million in First Round - Boston, MA

RatePoint, the Boston-based provider of a new, open system for rating web sites and other online content, has raised $1 million in its first round of venture capital, led by Prism VentureWorks and .406 Ventures. A group of former GeoTrust executives who launched RatePoint last year have also invested in the company. RatePoint's free service allows users to share their assessments of online content with people of like interests.

Friday, January 26, 2007

myYearbook Raises $4,100,000 in Series A Financing - New Hope, PA

myYearbook is a provider of a social networking site for teens. Investors include First Round Capital, US Venture Partners.

Thursday, January 25, 2007

Foonz Raises $1 Million in First Round - Sudbury, MA

Foonz, a Boston-based startup that offers free telephone conferencing services, has raised $1 million from Morganthaler Ventures, according to a report in Private Equity Week. Foonz provides users a number to call and invite their friends to a group call. The friends get an invitation to join the group call either as a text message to their cell phone, an IM message, or an email message.

Wednesday, January 24, 2007

Sermo Raises $9.5M Series B For Online Physician Network - Cambridge, MA

Online physician network company Sermo Inc. said it raised $9.5 million in Series B funding to expand the Internet community and develop new services.

Open Solutions Acquired for $1.4 Billion - Glastonbury, CT

Open Solutions, a Glastonbury-based provider of software for the financial services industry, has been acquired by The Carlyle Group and Providence Equity Partners, two private equity firms, for $1.4 billion. The deal was priced at $38 per share for Open Solutions' common stock.

Tuesday, January 23, 2007

Segway Raises $10 Million in Third Round - Bedford, N.H.

Segway, a Bedford-based maker of two-wheeled, electric transportation devices, has raised $10 million in its third round of venture capital, according to a report in peHUB, which cited a regulatory filing. Segway was founded in 1999 by Dean Kamen, a well-known inventor. Sets IPO Expectation to Raise $51.8 Million - Waltham, MA, a Waltham-based provider of on-demand compensation management software, has filed with the Securities and Exchange Commission, setting the terms of its planned initial public offering of stock to raise an estimated $51.8 million. The company said it expects to price the offering between $8 and $10 per share. has had 22 consecutive quarters of revenue growth from April 2001 through September 2006. The company has consistently incurred operating losses, including $800,000 for 2004, $1.9 million for 2005, $3 million for 2006 and $1.9 million for the six months ended September 2006. The company is backed by Lyric Ventures, among other investors.

Bus Radio Raises $18,000,000 in Series B Financing - Needham, MA

Bus Radio delivers age appropriate music and entertainment programming to students as they travel to and from school each day. Through its exclusive network of school buses and advanced delivery methods Bus Radio reaches a larger concentration of teens and tweens than any other radio network. Investors include Charles River Ventures (Lead), Sigma Partners.

Thursday, January 18, 2007

Music Nation Eyes Wannabe Rock Stars With $5.5M Series A - NY, NY

Music Nation, which operates a Web site that is holding online video-based music competitions, said it has raised $5.5 million in Series A financing to expand beyond its current contest.

Target Software, Target Analysis Group Bought for $60M - Cambridge, MA

Blackbaud, a Charleston-based provider of software for nonprofit organizations, has signed agreements to acquire Target Software Inc. and Target Analysis Group, two privately held sister companies based in Cambridge, for $60 million. Target Software provides database management and donor relationship software products for nonprofit fundraising organizations that run high-volume direct response marketing campaigns. Target Analysis Group offers data mining, predictive modeling, and unique collaborative benchmarking for nonprofit organizations. "This acquisition will improve Blackbaud's ability to serve customers in the high-end of the nonprofit market and chief marketing officers alike, and we believe there will be a significant opportunity to cross-sell our respective solutions to customers of all sizes," said Marc Chardon, CEO of Blackbaud.

Wednesday, January 17, 2007

Brightcove Raises $59.5 Million in Third Round - Cambridge, MA

Brightcove, a Cambridge-based Internet TV service for video producers and programmers, has raised $59.5 million in its third round of venture capital, led by AllianceBernstein, Brookside Capital and Maverick Capital. "This investment in Brightcove will enable us to grow our business at a critical juncture in the adoption of Internet TV," said Jeremy Allaire, who founded Brightcove in 2004 and serves as its CEO. "With the new funds we will be expanding internationally, deepening our service offering to give media partners better tools to distribute and monetize video online, and empowering consumers to interact with that content in exciting new ways." Other investors in the deal include The New York Times Co. and Transcosmos Investments & Business Development, as well as all of the company's existing strategic and financial investors.

Monday, January 15, 2007

EBay To Buy Ticket Reseller StubHub For $310M

EBay Inc.'s purchase of ticket-reselling Web site StubHub Inc. is the latest sign of how a wave of scrappy new Web start-ups is thriving even as some onetime Internet highfliers see their growth slowing.

Thursday, January 11, 2007

HeyLetsGo Raises $3,500,000 in Series A Round - Boston, MA

HeyLetsGo is a provider of social networking solutions centered around events and activities. Investors include General Catalyst Partners, Highland Capital Partners.

Camiant Raises $8,100,000 in Series C Financing - Marlborough, MA

Camiant is a provider of solutions which enable the delivery of multimedia applications. Investors include Matrix Partners, North Bridge Venture Partners.

Wednesday, January 10, 2007

Thrive Networks Acquired by Staples Inc.- Concord, MA

Thrive Networks, a privately held provider of IT services to small businesses in the greater Boston area, has been acquired by Staples, the office supplies retailer. Founded in 2000, Thrive employs about 60 people and has about 250 small and midsize business customers. The company reported 30-60% year-over-year revenue growth since its inception. Terms of the acquisition by Staples were not disclosed.

Monday, January 08, 2007

EnerNOC Raises $2,750,000 in Series B Follow-On Financing - Boston, MA

EnerNOC is a provider of electricity demand response technologies and energy management service solutions. Investors include Braemar Energy Ventures, Draper Fisher Jurvetson (DFJ), Draper Fisher Jurvetson New England, Foundation Capital.

Thursday, January 04, 2007

Next New Networks Secures $8M in Funding - New York, NY

Next New Networks, a consumer media company launching micro television networks over the Internet, has received $8 million in venture capital funding from Spark Capital, the company said on Thursday. Boston-based Spark Capital focuses investing in companies that transform the distribution, management and monetization of media and content.

Herb Scannell, a co-founder and CEO of New York-based Next New Networks, is former vice chairman of MTV Networks and president of Nckelodeon. The company will use the $8 million to accelerate the company's rapid growth and further product development. Raises $1.5M Series A To Connect Moms - New York, NY, one of several Web sites that help connect mothers, has raised $1.5 million in Series A funding as companies continue to carve out niches within social networking.

Wednesday, January 03, 2007

aPriori Raises $11 Million in Second Round - Cambridge, MA

aPriori, a Cambridge-based developer of cost management software for manufacturers, has raised $11 million in its second round of venture capital, according to published reports that cited a related regulatory filing by the company. Investors in the deal include Boston' Bain Capital Ventures and Sigma Partners. aPriori's software was originally developed in collaboration between the University of Illinois, Urbana-Champaign and a Fortune 100 manufacturing company. Its technology allows companies to assess, control, and reduce cost of goods sold "by whole percentages," according to aPriori, which was founded in 2003.