Boston Tech Roundup: Flybridge, Globoforce, Boston Seed, & More

3/24/14Follow @curtwoodward

The past week was a busy one in Boston-area innovation. Here’s a bunch of financing news, from startups, established companies, and investors, that cropped up around the region:

Flybridge Capital Partners is trying to raise $125 million for its fourth fund, according to a new SEC filing. That’s a lot smaller than Flybridge’s $280 million third fund, from 2008. As Dan Primack at Fortune notes, there have been strategy and personnel changes since then.

Globoforce, a provider of software that big companies use to run employee award programs, has shelved its IPO. Globoforce was seeking to raise about $66 million, but said in an SEC filing that it was stopping the proposed public offering “due to market conditions,” despite what it called “overwhelming interest” in the offering in a separate news release. The company is officially based in Dublin, but its North American headquarters are in Southborough, MA. 

—Early stage venture firm Boston Seed Capital is apparently raising a second fund. An SEC filing indicates a target of $20 million, with none of the money officially raised yet. The firm’s existing portfolio companies include RunKeeper, Shareaholic, and Kinvey. Boston Seed is run by Nicole Stata, the founder and former CEO of human-resources software firm Deploy Solutions.

—Database software provider VoltDB says it has raised an $8 million Series B investment, led by unnamed investors. Previous investors Sigma Partners and Kepha Partners also put money into the new round. The company was founded in 2009 by MIT professor Michael Stonebraker, and says it now has more than 400 customers.

Rifiniti, a Boston-based software startup that analyzes how efficiently businesses are using their office space, has raised $1.9 million. The Series A investment was led by Nauta Capital, with Hub Angels and other Boston-area angel investors participating, and brings the company’s total fundraising to about $2.25 million. Rifiniti was a 2013 MassChallenge finalist.

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

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