Incubator Payoff? TechStars, 500 Startups Alums Among the Tech Deals in the Last Week
We caught a fresh wave of tech startup financings, from companies working on improving e-mail, shopping, wellness, video surveillance, and enterprise computing. Here’s a quick rundown:
—Boston-based HelpScout, developers of software for managing group collaboration across a single e-mail address, announced the closing of its $435,000 equity round. The TechStars Boston graduate told me when we spoke this summer that it was in the process of closing a seed round, with funding from angels such as David Cancel, Dharmesh Shah, Joe Caruso, Chris Sheehan, and Brian Balfour.
—Ginger.io, another TechStars Boston alum, has amended an SEC filing to indicate it has raised $1.65 million of a targeted $1.7 million equity round, from 12 investors. The Cambridge, MA-based health and wellness tech company, which filed its regulatory papers under the company name Gingerd, presented in the startup Xpo at our XSITE conference in June.
—Boston-based fashion tech startup Snapette, a grad of the Mountain View, CA-based 500 Startups accelerator program, nabbed $1.1 million of a $1.275 million debt-based funding round, an SEC filing shows. Snapette, whose founder said last month that she had dropped out of Harvard’s MBA program to focus on the company, offers technology for enabling shoppers to share accessories available at local stores and for merchants to offer discounts.
—RemoteReality, a Westborough, MA-based developer of wide angle video camera systems for surveillance and navigation, has brought in $2 million of a potential $3.5 million equity-based financing round, coming from five investors, an SEC filing shows. The company’s website lists its previous investors as Chart Venture Partners and Connecticut Innovations.
—And Westborough-based Aternity, a maker of software for enterprise desktop monitoring, announced it had bagged $13 million in a Series D round led by Investor Growth Capital. The deal also included all of Aternity’s existing investors, Vertex Venture Capital, Genesis Partners, Intel Capital, and Clal Industries and Investments.