• Mon, Aug 31st 2015 7:00 PM

    Lexington company that makes wearable technology is quietly raising $40M

    Lexington company that makes wearable technology is quietly raising $40M

    MC10, a Lexington-based company that makes wearable technology for athletic and cosmetic purposes, is quietly raising a $40 million investment round. The new investment round could put the company at about $100 million in total funding since its founding in 2008, with an estimated valuation of $300 million, according to a venture capital research firm. Requests for comment were not immediately returned. MC10, which has about 70 employees, makes wearable technology for a variety of industries including…

  • Mon, Aug 31st 2015 5:40 PM

    Boston venture firm raising new $150M fund

    Boston venture firm raising new $150M fund

    Ascent Venture Partners, a Boston-based venture firm, is in the process of raising a new, sixth fund with a goal of $150 million, according to a regulatory filing. The venture firm, which invests in early-stage companies in the East Coast with starting investments between $2 million to $5 million, has already secured $63.5 million of the target amount for fund VI, according to the filing with the Securities and Exchange Commission. Twenty undisclosed investors were listed on the filing. The new…

  • Mon, Aug 31st 2015 3:20 PM

    Company that makes revolutionary wearable technology is quietly raising $40M

    Company that makes revolutionary wearable technology is quietly raising $40M

    MC10, a Cambridge-based company that makes wearable technology for athletic and cosmetic purposes, is quietly raising a $40 million investment round. The new investment round could put the company at about $100 million in total funding since its founding in 2008, with an estimated valuation of $300 million, according to a venture capital research firm. Requests for comment were not immediately returned. MC10, which has about 70 employees, makes wearable technology for a variety of industries including…

  • Mon, Aug 31st 2015 10:50 AM

    Here are the top 10 tech stories for the month of August

    Here are the top 10 tech stories for the month of August

    This month, we wrote stories about stock tumbles, fast-growing tech firms, startup deaths, and entrepreneurial lessons learned. Below are the top 10 tech stories for the month of August that you might have missed. These are the fastest-growing Boston tech firms, according to Inc. Magazine From Birchbox to NatureBox: 10 subscription box startups with Mass. connections Why this Burlington tech firm's stock price plunged more than 30% today Obama praises this MIT-born motion-tracking device at White…

  • Fri, Aug 28th 2015 12:20 PM

    Software startup scoops up former marketing head who just left HubSpot

    Software startup scoops up former marketing head who just left HubSpot

    Boston-based business intelligence startup InsightSquared has hired Joe Chernov as vice president of marketing, weeks after Chernov's high-profile resignation from Cambridge-based sales and marketing software firm HubSpot. Chernov will be responsible for all of InsightSquared's marketing efforts, including content, demand generation and public relations, and has known executives at InsightSquared for years, said CEO Fred Shilmover. "I think he's one of the best marketers in Boston," Shilmover said…

  • Fri, Aug 28th 2015 12:20 PM

    Six startup funding deals to know about for the week of Aug. 24

    Six startup funding deals to know about for the week of Aug. 24

    Here are six key startup funding deals for the week of Aug. 24, totaling to about $23 million. The list ranges from cybersecurity company Onapsis Inc. to an MIT-born startup developing high altitude wind turbines. Onapsis Inc., a Boston-based cybersecurity startup, has raised $13.8 million in Series B funding with a total funding goal of $18.7 million, according to a regulatory filing with the Securities and Exchange Commission. Previous investors include .406 Ventures and supported by Endeavor…

  • Thu, Aug 27th 2015 4:30 PM

    Executive director of New England Venture Capital Association to leave and start new venture firm

    Executive director of New England Venture Capital Association to leave and start new venture firm

    C.A. Webb, executive director of the New England Venture Capital Association, will leave her post on Aug. 31 to start "a new kind of venture capital firm," according to an email she sent to members of the NEVCA on Thursday. Webb had spent four years as executive director and said in the email that the NEVCA, which has a mission to make Massachusetts the best place in the world to start and grow companies, is in the strongest position in its more than four-decade history. "Leaving is not easy,"…

  • Thu, Aug 27th 2015 11:20 AM

    C.A. Webb to leave New England Venture Capital Association and start new venture firm

    C.A. Webb to leave New England Venture Capital Association and start new venture firm

    C.A. Webb, executive director of the New England Venture Capital Association, will leave her post on Aug. 31 to start "a new kind of venture capital firm," according to an email she sent to members of the NEVCA on Thursday. Webb had spent four years as executive director, and said in the email that the NEVCA, whose mission it is to make Massachusetts the best place in the world to start and grow companies, is in the strongest position in its more than four-decade history. "Leaving is not easy,"…

  • Thu, Aug 27th 2015 7:40 AM

    What do Chelsea Clinton, Aziz Ansari and Amy Schumer have in common? They're all coming to Boston tech events this fall.

    What do Chelsea Clinton, Aziz Ansari and Amy Schumer have in common? They're all coming to Boston tech events this fall.

    Comedians, politicians, entrepreneurs and authors -- locally and nationally renowned -- will descend on Boston for speaking engagements and performances at a slew of events this fall. The list of high-profile celebrities, entrepreneurs, authors and politicians attending Boston-area technology and university events ranges from Chelsea Clinton and Aziz Ansari to Amy Schumer and Seth Godin. Several celebrities featured in the slide show will be speaking at the " Inbound" conference, to be hosted…

  • Thu, Aug 27th 2015 12:40 AM

    Startup that offers better patient communication through mobile tech gets acquired

    Startup that offers better patient communication through mobile tech gets acquired

    Boston-based Verbal Applications, a startup that aims to connect patients to health care providers and professionals through mobile technology, has been acquired by Medical Specialties Distributors (MSD), a Stoughton-based firm. Terms of the acquisition were not disclosed. "Through this deal, we made years of progress in a matter of hours," said the startup's founder and CEO Nick Dougherty, who will now be the general manager of MSD's Verbal Applications, also known as VerbalCare, subsidiary. "MSD…

  • Wed, Aug 26th 2015 5:30 PM

    Big-name celebs, entrepreneurs coming to Boston tech events this fall

    Big-name celebs, entrepreneurs coming to Boston tech events this fall

    Comedians, politicians, entrepreneurs and authors -- locally and nationally renowned -- will descend on Boston for speaking engagements and performances at a slew of events this fall. The list of high-profile celebrities, entrepreneurs, authors and politicians attending Boston-area technology and university events ranges from Chelsea Clinton and Aziz Ansari to Amy Schumer and Seth Godin. Several celebrities featured in the slide show will be speaking at the "Inbound" conference, to be hosted…

  • Wed, Aug 26th 2015 4:00 PM

    Greg Selkoe on how Silicon Valley helped him rebound from Karmaloop, and what's next

    Greg Selkoe on how Silicon Valley helped him rebound from Karmaloop, and what's next

    Shortly after Boston-based e-commerce streetwear company Karmaloop was acquired after a high-profile flameout, founder and CEO Greg Selkoe was invited to a gathering in San Francisco. The party was hosted by renowned Silicon Valley venture capitalist Ben Horowitz, co-founder of venture firm Andreessen Horowitz, and attended by dozens of entrepreneurs. Many of them had gone through similar experiences as Selkoe, who tried for months to save his company from going bankrupt and lost more than $1 million…

  • Wed, Aug 26th 2015 11:50 AM

    Boston VC leads $25M round in custom fabric maker

    Boston VC leads $25M round in custom fabric maker

    Durham, North Carolina-based custom fabric maker Spoonflower just raised $25 million. The company disclosed the news Wednesday, adding that the cash would increase innovation and fuel international expansion. According to the firm, nearly 30 percent of its daily orders are shipped outside the U.S. To accommodate the overseas market, it plans to open an office in Berlin, Germany. According to its Inc 5000 profile, the company has grown 433 percent in three years, posted a $15.3 million revenue in…

  • Tue, Aug 25th 2015 3:10 PM

    Food and beverage startups partner to disrupt the employee cafeteria

    Food and beverage startups partner to disrupt the employee cafeteria

    Two Boston-area food and beverage startups are partnering to offer businesses an alternative to the traditional employee cafeteria. Starting this month, Boston-based healthy vending machine startup LeanBox and Somerville-based Hydration Labs, the maker of an environmentally friendly water cooler called Bevi, have been co-branding their product and selling to customers. "What we're trying to do in this partnership is take what used to be a requirement for a big, bulky corporate food service cafeteria…

  • Tue, Aug 25th 2015 12:40 PM

    Boston fishing equipment startup endorsed by Dale Earnhardt Jr. folds

    Boston fishing equipment startup endorsed by Dale Earnhardt Jr. folds

    Tackle Grab, a Boston-based online subscription-based fishing equipment retailer that had been endorsed by professional racing driver Dale Earnhardt Jr. and family, has filed for bankruptcy. The startup offered users a subscription-based box that provides anglers with the latest lures and tackle on a monthly basis. The company's founders declined to comment, but wrote in a blog post that it has to file for Chapter 7 bankruptcy because it was unable to "hit milestones to bring the business to profitability." ...

  • Tue, Aug 25th 2015 4:50 AM

    Data storage firm debuts with Akamai-style tech model aimed at Fortune 1000 firms

    Data storage firm debuts with Akamai-style tech model aimed at Fortune 1000 firms

    After about 18 months in a quiet period, Boston-based ClearSky Data emerged from stealth model with a new data storage product aimed at Fortune 1000 companies. Ellen Rubin, co-founder and CEO of the company, said the product allows enterprise-level companies the ability to access stored data easily and more efficiently by using a model akin to the model of Cambridge-based Internet content delivery firm Akamai Technologies. "We're taking an approach which is modeled on Akamai's content distribution…

  • Mon, Aug 24th 2015 7:20 PM

    New report on women VCs ranks which firms have the most

    New report on women VCs ranks which firms have the most

    An expert testifying at Ellen Pao's unsuccessful sex bias lawsuit earlier this year testified that Kleiner Perkins Caufield & Byers had the best record in the venture world regarding female partners. But a new study places the firm in a five-way tie for third among active venture firms, ranked by the number of female VCs they have. The study by Page Mill Publishing, which specializes in legal and financial research, identified 403 female VCs at the 257 U.S. firms that had at least one female…

  • Mon, Aug 24th 2015 4:00 PM

    How this Babson grad's printing company became one of the fastest-growing firms in the U.S.

    How this Babson grad's printing company became one of the fastest-growing firms in the U.S.

    In 2011, Babson College graduate Tarang Gosalia set out to infuse some life in the traditional business-to-business printing industry. He invested $4,000 in his North Attleboro-based company, Optamark, with the mission to produce and deliver fast, efficient and affordable digital printing, signage and promotional print products for small and large businesses. The company's annual revenue grew from about $60,000 in 2011 to $3 million in 2014 with more than 400 clients including Boston-based e-commerce…

  • Mon, Aug 24th 2015 3:30 PM

    New report on dearth of women VCs ranks which firms have the most

    New report on dearth of women VCs ranks which firms have the most

    An expert testifying at Ellen Pao's unsuccessful sex bias lawsuit earlier this year testified that Kleiner Perkins Caufield & Byers had the best record in the venture world regarding female partners. But a new study places the firm in a five-way tie for third among active venture firms, ranked by the number of female VCs they have. The study by Page Mill Publishing, which specializes in legal and financial research, identified 403 female VCs at the 257 U.S. firms that had at least one female…

  • Mon, Aug 24th 2015 10:00 AM

    Five startup funding deals to know for the week of Aug. 17

    Five startup funding deals to know for the week of Aug. 17

    Below are five startup funding deals to know about for the week of Aug. 17, totaling to about $47 million, ranging from frozen Greek yogurt brand Yasso to running apparel company Tracksmith. Yasso, a Quincy-based startup that makes frozen Greek yogurt bars in flavors ranging from blueberry to chocolate fudge, has landed a new $6.1 million investment. The company anticipates raising a total of $8.1 million in this funding round, according to a regulatory filing with the Securities and Exchange Commission.…