Burst CEO/co-founder Bryant McBride
Get a daily dose of Boston startup funding news in The Beat. Sign up here. New Money is BostInno's report on all the tech funding deals this week. Check back for updates.
Inmoji (Boston and San Francisco)
- Amount: $5 million Series A
- Investors: Dr. John Wigneswaran, VP of clinical affairs at Boston-based DaVita, led the round, with participation from "technology luminaries within MIT Sloan School of Management community."
- Details: Inmoji, which Adweek called one of the five adtech companies to watch at this year's CES, has developed an SDK that "provides messaging apps an array of premium branded experiences to attract and retain new users." The startup said it will use the new funding to accelerate growth of its media network, which it said is "on track to become the largest in the world, capitalizing on billions of users and monetizing trillions of messages globally." Inmoji has raised $7.5 million to date, including funding from Atlas Venture, Paypal Start Tank and former Paypal Media COO and entrepreneur David Chang.
- News release.
Constant Therapy (Boston)
- Amount: $2 million Series A ($1.9 million was previously disclosed in an SEC filing last month)
- Investors: Golden Seeds (led the round), Kapor Capital, Launchpad Venture Group, Pond Capital and Community Health Network of Connecticut
- Details: Constant Therapy has developed an iPad app that helps people with cognitive, language, communication and learning disorders improve brain function. The company has now raised $2.8 million since its founding in 2013 by Boston University professor Swathi Kiran. The new funding will go toward further scientific research, data, marketing and product development.
- News release.
Attivio (Newton)
- Amount: $31 million
- Investors: Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings and Per-Olof Soderberg.
- Details: Attivio, which calls itself a "data dexterity" company, raised the latest financing as it reached record results for the most recent fiscal year. That includes seeing license bookings increase 150 percent amd license revenue 100 percent, with a 95 percent renewal rate. The company, which has raised $102 million to date, is expecting to become profitable later this year. Its Big Data solutions serve six of the world's ten largest full-service investment banks, and it also has customers across high tech, life sciences and energy sectors. "Our increased investment underscores our belief that Attivio has game-changing capabilities for enterprises that have yet to unlock the full value of Big Data," Edward F. Glassmeyer, managing partner of Oak Investment Partners, said in a statement. "Specifically, Chief Data Officers who are trying to compete on analytics will really like Attivio's unique ability to connect the dots that unify data across silos."
- Press release.
Spark Capital (Boston)
- Amount: Seeking a fifth fund of $370 million, according to an SEC filing
- Details: Spark's fourth fund, of $450 million, was closed in February 2013. The firm also raised a growth fund of $375 million in May 2014. Spark's notable investments have included Twitter, Oculus, Wayfair, Slack and Tumblr.
Crimson Hexagon (Boston)
- Amount: $20 million
- Investors: Sageview Capital (led the round)
- Details: The company offers “social intelligence,” which involves unearthing what consumers are saying about a brand, product or advertising campaign on social media. Crimson Hexagon has now raised $37.5 million since its founding in 2007.
- Full story.
Burst (Boston)
- Amount: Not disclosed
- Investors: Sinclair Digital Ventures, a subsidiary of Sinclair Broadcast Group ($SBGI), and Horizon Media
- Details: Burst offers mobile video software that lets users capture video and upload it to the cloud, and then integrate the content into broadcast TV and social channels. In a January SEC filing, the company had disclosed raising $5.3 million in equity and debt, but did not disclose the investors at the time. In a news release, Burst said the new funding "to extend its lead in helping customers navigate the dynamic mobile-to-television technology landscape." Burst CEO/co-founder Bryant McBride said in the release that the new investors "understand the radical transition from a limited number of channels and traditional content creation to a world with millions of online, broadcast and mobile options and quality content that can be produced quickly and at scale."
- News release.
ProcessUnity (Concord)
- Amount: Just over $2 million
- Investors: Not disclosed.
- Details: ProcessUnity, a Concord-based provider of cloud-based software for risk management and benefit offer management, confirmed via a spokesman that the funding recently disclosed with the U.S. Security and Exchange Commission is part of a $5 million round it's currently raising. Jeff Lavery, a public relations representative for the company, said the funding will be used to expand its sales and marketing operations. Last year, the company tripled new customer acquisitions, as well as doubling new customer subscription revenue, according to a January press release.
- Form D filings.
Photo courtesy of Burst.
