Boston Tech Watch: Keurig, Codeship, Twine, Ve Interactive, & More
This week, we’re following new funding rounds and acquisitions in industries ranging from drones to coffee, plus a look at technologies that are helping authorities respond to mass shootings. Read on for details.
—Keurig Green Mountain (NASDAQ: GMCR) is getting scooped up by an investor group led by Germany-based JAB Holding Co. for $13.9 billion. The $92-per-share offering price is a 78 percent premium to the company’s closing stock price on the previous day of trading before the deal was announced, although Keurig stock has dipped more than 60 percent this year, Reuters reported.
Keurig Green Mountain is based in Waterbury, VT, and has a research facility in Burlington, MA. Keurig was based in Wakefield, MA, before it was acquired by Vermont-based Green Mountain Coffee Roasters in 2006, according to the Boston Business Journal.
—Cambridge, MA-based Twine Health closed a $6.75 million Series A round from Khosla Ventures, Provenance Venture Forum, Tower Capital Partners, and angel investors Andy Palmer, James Pallotta, and Henri Termeer. The company sells healthcare coaching and collaboration software to hospitals and other organizations.
—Boston-based Bevi raised $6.5 million in a Series A round led by Hong Kong-based Horizons Ventures. The startup makes an Internet-connected kiosk machine that dispenses customized drinks using tap water.
—Malden, MA-based drone maker Top Flight Technologies raised $1.75 million in seed funding. The round was led by John Frankel of ff Venture Capital, with participation by OA Fund LP’s John Shaw, Scrum Ventures’ Tak Miyata, MIT Media Lab director Joi Ito, and other angel investors. The money will support product development and the launch of a beta testing program with customers.
—Boston-based Codeship said it raised $1.5 million from undisclosed new investors and previous backers such as Sigma Prime Ventures, Boston Seed Capital, and F-Prime Capital Partners. The Techstars Boston alum has now raised $4.4 million to date for its Web-based service that enables automated testing and implementing of software code.
—Masabi, which provides cloud-based mobile ticketing and fare collection products for the transportation industry, raised $12 million from international public transit operator Keolis, Lepe Partners, MasterCard, and previous investor MMC Ventures. Masabi is based in London, but has offices in Boston and New York. Its customers include Boston’s MBTA system.
—Weston, MA-based Allyke raised nearly $1.2 million in seed funding, according to a new SEC filing. Allyke is commercializing technology that enables online and mobile shoppers to search inventory using images instead of words.
—Shearwater, which went through the Techstars Boston program over the summer, raised $1.1 million from investors, a new SEC filing shows. The software company helps connect high school and college students with alumni mentors, who provide support and help them engage more with the school community.
—Adtech company Ve Interactive acquired the display retargeting business from eBay Enterprise Marketing Solutions for an undisclosed price. Ve Interactive is based in London and has North American headquarters in Boston, where 70 of its employees are based. After the acquisition, Ve Interactive will employ more than 850 people worldwide.
—In the wake of yet another mass shooting, BetaBoston covered several new gunshot detection and response technologies, including a system made by Rowley, MA-based Shooter Detection Systems.