Boston Roundup: Covestor, Smart Lunches, Spark, Matrix, CareCloud

6/19/13Follow @curtwoodward

A smattering of fundraising news from companies and investors around the Boston area, and beyond:

Covestor, a Boston-based online investing marketplace, has raised $12.75 million in private investment. The Series B round came from Union Square Ventures, Spark Capital, Amadeus Capital Partners, and Bay Partners, the company said in a press release. Covestor has now raised a total of $28 million. The company lets individuals pick from featured money managers whose trades are “mirrored” in the users’ own stock portfolio, for a fee. Covestor relocated from New York to Boston last fall.

Smart Lunches, a Boston startup that delivers lunches to kids at schools, daycare centers, and camps in the Northeast, has raised another $1.6 million in private investment. Investors include previous backers like Data Point Capital and Jonathan Kraft, and new investors such as Romulus Capital and Jennifer Lum. Data Point’s founder, former Shoebuy CEO Scott Savitz, is Smart Lunches’ executive chairman.

—Two Boston-area VC firms are investing in a next-generation video-game interface startup. Boston’s Spark Capital and Waltham, MA-based Matrix Partners were co-leaders of a $16 million Series A round in Irvine, CA-based Oculus VR. The startup is developing a virtual-reality headset called the Oculus Rift, which puts the onscreen action right in front of a gamer’s eyes rather than a standalone screen. The startup previously raised nearly $2.5 million toward building the devices through a Kickstarter campaign.

CareCloud, a Miami-based company with a significant Boston office, says it has raised another $20 million in venture funding. The round was led by Tenaya Capital, which also has an office in Boston. CareCloud offers online healthcare software to manage electronic health records, medical billing, and medical practices. The company now has raised a total of $44 million.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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