After a busy October for fundings in the Boston tech community, November saw a relatively small number of deals.
The big ones included a late-stage deal for BlueSnap, a PayPal competitor in the online checkout technology space, a $15 million round for financial AI startup Kensho (which reportedly valued the company in the nine figures) and a Series C round for fast-growing Salesforce analytics firm InsightSquared.
Noteworthy investors in the local rounds included some of the angels in the deal for WiGo (Tinder founders Sean Rad and Justin Mateen, Paul English and Vince Wilfork); Barbara Corcoran and Brad Feld (who invested in Wanderu); Goldman Sachs (for the Kensho round); and former Oracle president Ray Lane (who backed Dispatch).
Below you'll find a table offering a quick look at these deals, and below that I've included more detail on each deal for those interested in a closer look.
BlueSnap
- $50 million in late-stage/growth equity
- Great Hill Partners, Parthenon Capital Partners
- Waltham
- Online checkout technology for e-commerce, with a focus on international merchants
Kensho
- $15 million
- Goldman Sachs
- Cambridge
- Artificially intelligent software for answering finance industry questions
InsightSquared
- $13.5 million Series C
- Atlas, DFJ, NextView, Two Sigma Ventures
- Cambridge
- Salesforce analytics software
Prelert
- $7.5 million
- Intel Capital, Fairhaven Capital, Sierra Ventures
- Framingham
- Cybersecurity: anomaly detection software
CloudLock
- $6.7 million Series D
- Not Disclosed
- Waltham
- Cybersecurity software focused on cloud data and apps
Wanderu
- $5.6 million Series A
- Alta Ventures, 500 Startups, Barbara Corcoran Venture Partners, Brad Feld, Craig Lentzsch
- Boston
- Consumer Web: Kayak-like site for bus trip booking; aims to help users easily find the cheapest fares and most-ideal itineraries for bus travel
Disruptor Beam
- $3.2 million Series A
- CommonAngels, GrandBanks, Romulus Capital, Midverse Studios, Harmonix founders
- Framingham
- Gaming: Pop Culture-Themed Games
Dispatch
- $3.1 million seed round
- GrandBanks, Promus, Ray Lane, Salesforce Ventures, LaunchCapital, Kima Ventures
- Boston
- Mobile: Tech for On-Demand Economy
Essess
- Amount Not Disclosed
- Tamarisc, Mass. Clean Energy Center, Vocap Investment Partners, DFJ Athena, Constellation Technology Ventures
- Boston
- Mobile Thermal Imaging Technology
5nine Software
- Amount Not Disclosed
- Insight Venture Partners, Veeam Software founders
- Boston
- B2B Software: Microsoft Cloud Virtualization Management
WiGo
- Amount Not Disclosed, Seed Round
- Tinder Founders, Paul English, Vince Wilfork, Ben Fischman, James van Riemsdyk, Kevin Colleran
- Boston
- “Who is Going Out?" App for College Students
Worth noting: We covered two other notable Boston-related deals in November — the $2 million seed round for personal butler service Alfred, which was founded out of Harvard Business School but has since moved its headquarters to New York City, and the $3.3 million seed for Florida-based 3D software startup Paracosm, whose CEO has relocated to the Atlas Venture office in Cambridge (Atlas led the round).
