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New Money is BostInno's report on all the tech funding deals this week. Check back for updates with more new money.
NetBlazr
- Amount: $300,000
- Investor: Local angel Jeffrey P. Parker (who’s also backed Streetwise Media, FLYP, KnowledgeVision and Bison)
- Details: The company, a MassChallenge alum that provides Internet access for home and business in Boston, plans to use the funding for infrastructure improvements and expanding coverage to more communities in the Boston area. The funding completes a $1 million round that began earlier this year with money from investors including Carbonite co-founder and chairman David Friend.
Harmonix Music Systems
- Amount: $15 million in equity funding
- Investors: 14 undisclosed investors
- Details: The funding was disclosed around the same time the veteran game studio said it has partnered with crowdfunding site Fig to launch an unannounced video game, according to Polygon. Harmonix also plans to release the latest version of its popular "Rock Band" franchise this October. Boston Business Journal reports that the game studio relocated from Cambridge to Boston this summer, about a year after issuing a round of layoffs and appointing a new CEO, Steve Janiak.
Apperian
- Amount: $12 million Series C round
- Investors: First Floor Capital (new investor), along with existing investors Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, North Bridge Venture Partners, Intel Capital and CommonAngels Ventures
- Details: The company, a provider of mobile app management software for enterprises, has now raised $40 million since its founding in 2009. The company employs 68 and is expecting to make 16 new hires in the near future, a spokeswoman said.
Silversmith Capital Partners
- Amount: $460 million for the initial fund, according to Fortune
- Details: New Boston-based growth equity firm focused on tech and health care investments; founders are Todd MacLean and Jeff Crisan (formerly of Bain Capital Ventures) and Jim Quagliaroli (formerly of Spectrum Equity). Via Fortune: "All of the team members — including up to a dozen new investment staff that has yet to be hired — will be based in Boston, but the portfolio is viewed as geographically agnostic."
Grove Labs
- Amount: $1.8 million
- Details: The Somerville company (based at Greentown Labs) is a maker of an easy-to-use indoor growing system. The system—about the size of a bookshelf—uses LED lights and aquaponics (fish) to grow food in any room of the house, the company told us previously. Read more on the funding in the BBJ.
DataBox
- Amount: $3.3 million announced; in May we reported on a filing from the company showing $3.7 million raised in total
- Investors: Founder Collective (led the round), Accomplice
- Details: The Boston startup, an alum of Techstars Boston 2012, is the developer of an app that gives you business intelligence on-the-go. Read more on TechCrunch.
MIT
- Amount: $25 million from Toyota
- Details: The money will be used to launch a smart car research project, the Toyota-CSAIL Joint Research Center at MIT. The funding will be spread out over five years. Read more on BetaBoston.
Image courtesy of Grove Labs.
