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.
6 River Systems (Cambridge)
- Amount: $6 million seed round
- Investors: Led by Seth Winterroth of early-stage venture fund Eclipse, with participation from iRobot.
- Details: 6 River Systems aims to "redefine fulfillment automation for e-commerce and retail operations," and it was founded by Christopher Cacioppo, Jerome Dubois and Rylan Hamilton—the latter two of which were formerly executives at Kiva Systems, a Boston robotics startup that was acquired by Amazon in 2012 for $775 million. Lior Susan, Eclipse founder and general partner, has joined the startup's board of directors. "The acquisition of Kiva left a void in this space that has yet to be filled. This, coupled with rapid growth in e-commerce globally, has resulted in a need for next-gen automation tools," Winterotth said. "We are pleased to be partnering with a world-class team that has significant experience implementing supply-chain solutions that enhance fulfillment operations."
Kuvée (Boston)
- Amount: $6 million
- Investors: Founder Collective, General Catalyst Partners, Bolt and a number of angel investors, including Kayak and Lola Travel co-founder Paul English.
- Details: Kuvée has developed a smart wine bottle that promises to keep your wine fresh for 30 days. It also has an Internet-connected, touch-screen interface you can order wine from. The startup is currently raising money through an Indiegogo campaign for the first batch of products, available in Massachusetts and California this fall.
- Story
Hopper (Cambridge)
- Amount: $16 million growth round
- Investors: BDC Capital IT Venture Fund (led the round), along with existing investors OMERS Ventures, Accomplice and Brightspark Ventures
- Details: Hopper’s app helps users to find cheap flights, by analyzing flight prices and providing advice to users on when to fly—along with suggestions on the ideal time to book tickets. The company has also announced that American Airlines fares will now be available to book on Hopper, and that the app has surpassed 3 million downloads so far. Hopper has now raised $38 million since its founding in 2007. Hopper was named the best travel app of 2015 by Apple.
