Boston saw a few fundings over the last seven days. Overall, it was a good week for Techstars Boston (even though its directors may be on the move) with alums Localytics and PillPack both raising a round of capital. Also of note, DataXu took another step towards its IPO with a round of equity funding. Catch up on the rest of the announcements below.
Local edtech startup Flashnotes scored $3.6 million in a Series A round led by Waltham, Mass.-based VC Stage 1 Ventures, with participation from Runa Capital, Soft Bank Capital and Atlas Venture. The peer-to-peer startup raised $1.5 million in a seed round extension in July 2013, and announced that it had acquired NoteUtopia, a Californian online community for purchasing and selling class notes, to bolster its West Coast presence. Since its start in 2009, the company has raised $5.1 million.
Techstars grad PillPack announced it has raised $4 million in seed in coordination with the launch of its individualized packs of pre-sorted prescriptions. The capital comes from Atlas Venture, Founder Collective, IDEO, Techstars, David Tisch and Andy Palmer, among others. Atlas Venture partner Fred Destin and Founder Collective partner David Frankel have also joined the company’s board of directors. Though PillPack’s pharmacy is based in Manchester, New Hampshire, the company keeps offices in Somerville, as well.
Yet another Techstars alum, mobile and web analytics company, Localytics also landed $16 million in Series C this week, led by new investor and West Coast VC firm Foundation Capital. Existing investor Polaris Partners also contributed to the round. Taking advantage of the time in the spotlight, Localytics also shared the good news that it has tripled revenues for the fifth straight year in a row. Since its founding, Localytics has raised just over $24.7 million.
Marketing and big data analytics company DataXu raised $10 million this week from existing investors, including Atlas Venture, Thomvest Ventures, Flybridge Capital Partners and Menlo Ventures. The firm has raised $75 million in total. DataXu's last financing took place in February 2013, when it closed a round of growth capital worth $27 million.
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