The Program

TechStars Blog

31st October 2011

2011 Funding: Boston

The early application deadline for the TechStars Boston Winter program is tomorrow, November 1st and the final deadline just 19 days later on the 20th. Have you applied yet? Ben Carcio of Promoboxx recently recounted what it feels like to go from rejected to funded. Let’s take a look at some of the recently funded companies that came out of the 2011 Boston program.

EverTrue@EverTrue / Facebook
An intelligence platform that connects non-profit donor databases to the social graph.
Funding raised: $1.3M
In their words: ”EverTrue is busy building our team and growing our client base.  At the beginning of TechStars in March, we were just two people with one beta client.  We are now a team of nine and we have 30 clients in the education sector.  We were recently honored as a MassChallenge finalist and granted a $50,000 cash prize to further invest in our growth! We’re excited about welcoming the next class of TechStars this winter!” – Brent Grinna, founder and CEO
Mass High Tech – EverTrue boost funding round to $1.3M 

ginger.io@ginger_io
A behavior analytics company.
Funding raised: $1.7M
In their words: ”Our current focus is iterating on our core platform and business with key enterprise customers. We’re also a finalist in the Data Design Diabetes competition, awarded $30k and personally congratulated by Todd Park, CTO, Health Human Services.” –  Anmol Madan, CEO and data scientist
Xconomy – Ginger.io Raises $1.7M for Mobile Health IT, Rides Wave of MIT Media Lab Startups Trying to Understand People
mobi health news – Patient behavior tracking startup Ginger.io nabs $1.7M

GrabCAD@GrabCAD / Facebook
A free CAD model library and engineering services marketplace.
Funding raised: $1,356,000
In their words: “A huge milestone for GrabCAD this week. The community that started just over a year ago has reached 40,000 engineers, designers, makers, geeks and modeling freaks.” – via the GrabCAD blog
TechCrunch – Mechanical Engineering Marketplace GrabCAD raises $1.1M 

Help Scout • @helpscout
Email customer service that’s personal to the customer and scalable for your business.
Funding Raised: $435K
In their words: “Katie Rae, David Cohen, and the entire TechStars ecosystem have been unbelievably supportive from day one. The program gave us every opportunity to build a great business and introduced us to a network of supportive and brilliant fellow entrepreneurs.” – Nick Francis,  co-founder of Brightwurks
On Startups- From Nashville to Boston: How a Startup Accelerator Changed Our Lives 
TechCrunch – Help Scout Draws Funding to Bring Affordable Email Collaboration and Support to Startups 

Kinvey@Kinvey / Facebook
The first Backend as a Service that makes it ridiculously easy for developers to setup, use and maintain a cloud backend for their mobile apps.
Funding raised: $2M
“Our progress at Kinvey, post TechStars Boston Demo Day, has been fantastic. We raised a $2M Seed round, grown the team with engineers who have each built software that has scaled to millions of people or devices, and have over 1000 developers for our beta,” said Sravish Sridhar, founder and CEO.  ”Apart from our customer growth, another huge validation for our business is that the category we created, ‘Backend as a Service,’ now has five funded startups in it. I feel really excited to see the innovation taking place in our market as we continue to make it really easy for developers to setup and operate backends for their mobile and tablet apps.”
The Next Web – An investor stands up: Kinvey now set to power the next generation of mobile apps
TechCrunch- Kinvey Closes $2M Seed Round for its “Backend as a Service” Product

Memrise@memrise / Facebook
An online learning platform that combines the best insights from the art and science of memory to provide extraordinarily effective, game-like learning experiences.
Funding raised: $77K
In their words: “We think that learning can be a special kind of creative pleasure, and we’re building impeccable learning products that will help you learn quicker and more creatively than you ever thought possible.” – via the Memrise site

Placester @placester / Facebook
A real estate platform that connects the industry so progressional scan generate leads on a pay-for-performance basis.
Funding raised: $826K
In their words: “Placester is a secure way to manage and discover real estate. We allow any property owner, manager, real estate agency, or service provider to easily distribute listings data to anyone. Once shared through Placester, this data is freely available to anyone the provider chooses. Let us worry about data types, compatibilities, uptime, and all the other headaches associated with sharing and collecting listing data—we do it all. For free.” – via the Placester site
Mass High Tech - Placester pumps up first funding to $826K