Boston Tech Roundup: CRV, Gridco, Luminoso, Smart Lunches
Venture firms and startups have been closing fundraising deals left and right in the past week:
—Charles River Ventures has raised $393 million for its 16th venture fund, according to an SEC filing. The firm, with offices in Cambridge, MA and Menlo Park, CA, previously raised a $375 million fund in February 2012. Charles River did well on the recent IPO of Zendesk, an investment that Forbes noted was bittersweet for the Boston area because the company relocated to Silicon Valley early on.
—Gridco Systems, a Woburn, MA-based developer of advanced electric grid technology for utilities, has filed SEC paperwork indicating a new $12 million investment round. That would put the total private fundraising in Gridco at about $40 million since mid-2011. The company declined to comment on the filing. Its previous investors have included General Catalyst Partners, North Bridge Venture Partners, RockPort Capital Partners, and Lux Capital.
—Luminoso, an MIT spinout that sells language analysis software, says it has raised a $6.5 million Series A investment. The startup recently showed off its technology by analyzing social-media sentiment during the U.S.-Germany World Cup match.
—Smart Lunches, a Boston startup that arranges food deliveries to kids at schools, daycare centers, and camps in the Northeast, has filed SEC paperwork indicating a $4.4 million equity investment. The company last reported a $1.6 million investment round in mid-2013 from investors including Data Point Capital, Jonathan Kraft, and Romulus Capital. Data Point founder Scott Savitz is the startup’s executive chairman.