Toyota Invests in WiTricity, Gambling.com Goes for $2.5M on Sedo, eBay Buys FigCard to Roll Into PayPal, & More Boston-Area Deals News
Acquisitions and financing headlines were prominent this week for companies in the Web, mobile, and enterprise IT spaces.
—TA Associates and Summit Partners, growth equity firms with offices in Boston and Silicon Valley, nabbed a controlling share of the Germany-based online gaming company Bigpoint, by investing $350 million in recapitalization financing. Previous Bigpoint shareholder Comcast Interactive Capital’s Peacock Equity Fund sold its holdings. GMT Communications Partners and GE sold a majority of their Bigpoint stake.
—Wellesley Hills, MA-based AppNeta officially launched its cloud-based network management technology and announced it had raised $6.2 million in new funding, led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The company’s technology and staff come from Apparent Networks.
—Watertown, MA-based WiTricity, a developer of a wireless charging system for electric cars and plug-in hybrids, inked a technology partnership with Toyota Motor Corporation. The deal also includes a Toyota investment in WiTricity, in the single digit millions of dollars, according to a Boston Globe report.
—Dassault Systémes, a maker of product lifecycle management software with its U.S. headquarters in Lowell, MA, said it acquired Enginuity PLM of Milford, CT, which makes software for developing formula-based products like cosmetics and pharmaceuticals.
—Sedo, a Cambridge, MA-based company offering an online marketplace for domain names, said it brokered its third largest deal ever, with the sale of the “gambling.com” domain for $2.5 million to an unnamed British firm.
—Waltham, MA-based marketing research software maker Invoke Solutions nabbed $3.8 million in equity-based funding from two investors, a SEC filing showed.
—SMTP, a Cambridge-based emailing software firm, went public on the over-the-counter bulletin board (OTCBB: SMTP). Eighty-one shareholders paid a total of $100,000, at 25 cents per share. The company, which competes with other bulk e-mail technology companies like Constant Contact (NASDAQ: CTCT) and JangoMail, is led by Semyon Dukach, an alum of MIT’s mid-1990’s blackjack team that’s been well documented in the media.
—Kaminario, a Newton, MA-based data storage startup announced it had pinned down a $15 million Series C financing from new investor Globespan Capital Partners and return backers Sequoia Capital and Pitango Venture Capital, bringing the company’s total funding pot to $34 million.
—Matrix Partners, with offices in the Boston area, New York, and Silicon Valley, said it raised $650 million in the close of two new funds. It brought in $350 million for its Matrix Partners China II fund and $300 million for its Matrix Partners India II fund.
—Greg rounded up a trio of deals from late last week. Bose founder Amar Bose gave MIT the majority of the company’s stock, in the form of non-voting shares. Eons, the baby-boomer focused social media site founded by Monster.com founder Jeff Taylor, sold to Crew Media of San Francisco for an undisclosed price. Meanwhile, eBay’s PayPal division made another acquisition of a Boston mobile company, buying mobile payments startup Fig Card for an undisclosed sum. (The week before it bought Where.)
—BuyWithMe, the group buying startup out of Boston and New York, said it acquired Chicago-based DealADayOnline. BuyWithMe, which didn’t disclose how much it paid in the acquisition, now serves 13 cities and plans to double that amount by the end of this year.