TechStars Pins Down $24M, Visible Measures Gets $13M Series D, Yesware Announces Seed Funding, & More Boston-Area Deals News
The IT space accounted for most of the deal-making we tracked in New England over the last week.
—Boulder, CO-based TechStars said it pulled in $24 million in new funding, which will go to giving each company in its startup incubator programs (in Boulder, Boston, Seattle, and New York) another $100,000 in the form of convertible notes. The new TechStars money comes from investors like Foundry Group, IA Ventures, Avalon Ventures, DFJ Mercury, SoftBank Capital, SVB Financial Group, RRE Ventures, and Right Side Capital Management.
—Boston-based Visible Measures nabbed a $13 million Series D financing round, bringing the company’s total funds raised to $45 million since it got started in 2005. Visible Measures is developing software for tracking how Web viewers watch video online and share it with friends, and how video spreads across sites like YouTube and AOL. The Series D round was led by DAG Ventures, and included strategic partner Advance Publications (owner of Conde Nast) and return investors General Catalyst Partners, Mohr Davidow Ventures, and Northgate Capital.
—FirstFuel Software, a Boston-based energy efficiency startup, raised $2.4 million in first round funding led by Battery Ventures and Nth Power. The company (formerly called iblogix) is developing analytics software for tracking building energy performance without the need for an on-site audit. The new cash will go to scaling and customer adoption.
—Cambridge, MA-based Yesware announced the investors in its $1 million seed financing, which will go to developing its software plug-ins and analytics for salespeople. The money comes from venture firms Google Ventures, Foundry Group, and Golden Venture Partners, and angel investors Geoffrey Hyatt, Colby Wood, Mike Baker, David Cohen, Mike Dornbrook, and Will Herman.
—Our VentureDeal feed picked up a couple other financings: $310,634 in debt-based financing for Lexington, MA-based e-commerce startup Daily Grommet, and a $1.5 million debt deal for Waltham, MA-based health IT startup PatientKeeper.