Funding and M&A Across the Techstars Worldwide Network

The last few months have brought several notable funding announcements and M&A activity for many Techstars alumni.

Congratulations to:

This brings us to a total of 121 Techstars companies acquired, and $3.5B raised by our accelerator companies.

In addition, here are the companies that have recently received significant investments!  

DataRobot (Techstars Class 21), raised another $54M in March to automate data science tasks. DataRobot transforms businesses with automated machine learning.

Placester (Techstars Class 9), raised $50M to expand real estate software tools. Placester is a digital marketing platform for real estate professionals.

Sphero (Techstars Class 6), the Boulder-based company that created the BB-8 toy robot, recently raised another $35.4M in early April.

Outreach (Techstars Class 12), raised $30M in late May. Outreach provides Sales and Marketing teams with the capabilities to drive deeper engagement with prospects.

Synack (Techstars Class 22), announced a $21M raise in early April. Synack is a security startup that combines software security tools with a network of white-hat hackers to help keep its customers secure

Filament (Techstars Class 45), a provider of wireless industrial networks, raised $15M in late March.

Tenfold (Techstars Class 47), the Austin-based startup that integrates customer relationship management systems with company phone systems and other communications tools, recently raised $15M.

Latch (Techstars Class 45), raised $10M in early May. Latch created internet-connected smart locks for the enterprise market.

Kalo (Techstars Class 46), formerly Lystable, raised $10M in March. Kalo allows companies to manage freelancers, track their work and pay them on time.

Freight Farms (Techstars Class 22), the company that builds automated farm systems in shipping containers, raised $5.6M in a new round.

Bitfusion (Techstars Class 47), an AI lifecycle management platform, raised $5M in a Series A round to strengthen their R&D efforts.

Chowbotics (Techstars Class 66), the company that created Sally, the salad-making robot, raised $5M in early March.

Amper (Techstars Class 96), raised $4M in March. Amper is a startup that offers AI-powered music composition.

Morty (Techstars Class 77), the first ever fully digital mortgage broker, raised $3M to make its mortgage marketplace available to users.

Remesh (Techstars Class 60), a software platform that uses AI, machine learning and natural language processing for market research, raised $2.25 million in seed funding.

RateGravity (Techstars Class 95), raised $2M in early May. RateGravity provides an automated service for matching homebuyers with low-interest mortgages.

MeetMindful (Techstars Class 68), raised $1.8M in April. MeetMindful is a relationship platform that connects a large, growing number of people pursuing a healthy, mindful lifestyle

Fam (Techstars Class 53), a video-chat app from the company Smack, raised $1.8M in mid March.

Stackery (Techstars Class 92), provides a production-grade, operational toolset for developers building serverless applications. Stackery raised $1.75M in April.

IronCore Labs (Techstars Class 91), the company that provides turnkey encryption customer controlled data for SaaS companies, recently raised $1.5M.

Sea Machines Robotics (Techstars Class 95), the company that provides autonomous self-driving systems for boats, raised $1.5M in May.

Polis (Techstars Class 67), raised $1.3M in March. Polis provides easy and scalable door-to-door outreach software for campaigns and corporations.

Apostrophe  (Techstars Class 91), is an innovative health plan that saves self-insured employers up to 40 percent on their healthcare costs. Apostrophe recently raised $1.15M.

Patch Homes (Techstars Class 81), provides home equity financing at 0 percent interest and no monthly payments. Patch Homes raised $1M in seed funding in April.

Prospectify (Techstars Class 88), raised $1M in March. Prospectify offers account-based intelligence that’s automated but personalized.








Funding and M&A Across the Techstars Ecosystem

It has been an exciting start to 2017 with several notable funding announcements and M&A activity for many Techstars alumni.

Congratulations to:

In addition, here are the companies that have recently received significant investments!  

SalesLoft (Boulder ‘12), a sales engagement software company, announced a $15M Series B round at the end of January to continue to deliver new features and innovation. SalesLoft is based in Atlanta.

Neurala (Boston ‘13), recently raised $14M to build brains for drones and more. The Neurala Brain is a deep learning neural network software that mimics how the human brain works.

Zagster (Boston ‘12), the company that provides bike share programs for cities, universities, businesses and properties recently announced a $10M Series B round. Zagster is based in Cambridge, MA.

Filament (R/GA ‘15), a complete hardware and software ecosystem for building the Internet of Things, raised $9.5M in late February. Filament is based in Reno, NV.

INSPECTORIO (Retail ‘15), uses data and machine learning to improve quality control and bring transparency to supply chains. They announced a $3.7M seed round in early January. INSPECTORIO is based in Minneapolis.

Jiobit (Chicago ‘16), the company that created a wearable to give you peace of mind when it comes to your kid’s location, raised $3M in seed funding to continue to keep kids safe.

AdmitHub (Boston ‘15), announced $2.95M in seed funding to continue to guide students through school. AdmitHub provides virtual college counseling to students and helps colleges connect with prospects.

Hull (Boulder ‘13), the company solving customer data fragmentation, raised $2.6M in late January to become the central hub for all customer data. Hull is based in Atlanta.

Keymetrics (NYC ‘15), raised $2M in early February. Keymetrics is a real-time platform for managing and monitoring NodeJS applications.

Cuvva (Barclays London ‘16), announced £1.5M (~$1.86M) in new funding this past January. Cuvva offers flexible, on-demand car insurance by the hour. Cuvva is based in London.

Sequr (Atlanta ‘16), a SaaS solution for residential and enterprise physical access control, raised $1.75M in their second seed round in mid-January.

Apptentive (Seattle ‘12), a mobile customer engagement software that helps companies listen, engage and retain customers just announced another $1.7M round to continue to grow.

PartySlate (Chicago ‘16), announced a $1.6M raise in late February. PartySlate is an online platform to connect event providers with people looking to host an event.

PenPal Schools (Austin ‘15), raised $1.25M to connect students around the world. PenPal Schools connects classrooms around the world through online exchanges.

Bamba (Austin ‘16), raised $1.1M in mid-February. Bamba helps market research firms and development aid organizations open communication channels to engage mobile subscribers that generally would be considered inaccessible. Bamba is based in Nairobi.

Over the last decade, Techstars has grown a worldwide network with 100 exits, 1000 companies in the portfolio and 10,000 jobs created by those companies. Want to be a part of it? Learn how and apply today!








Funding and M&A Activity Across the Techstars Ecosystem

Third quarter brought some exciting funding news for Techstars companies!

Congratulations to:

Here are the companies that have recently received significant investments!  

remitly

Remitly (Seattle ‘11), a mobile payments service that enables convenient international money transfers from a customer’s mobile phone in the USA to a mobile phone abroad, secured yet another $38.5M.

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PillPack (Boston ‘13), an online pharmacy that delivers better care through simple packaging, modern technology and personalized service, raised $31.1M to take on pharmacies.

fullcontact

FullContact (Boulder ‘11), the company that provides a cloud-based contact management solution for businesses, developers and individuals, raised $25M in August.

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Distil Networks (Cloud ‘12), announced a $21M series C. Distil Networks is the global leader in Bot detection and mitigation, offering the first SaaS solution focused on stopping automated attacks.

gospotcheck

GoSpotCheck (Boulder ‘11), the company that supplies brands with real-time insights into their in-store merchandising through a mobile app, raised $16.5M to expand their Denver HQ.

postquantum

Post-Quantum (Barclays UK ‘15), raised a $10.3M series A round in July. Post-Quantum deals with cyber security for today and the post quantum computing future.

promoboxx

Promoboxx (Boston ‘11), is a brand-to-retailer marketing platform that allows brands to launch co-branded, customized online campaigns with their retailers. Promoboxx raised $8.2M series A in September.

codeship

Codeship (Boston ‘13), raised $7M to continue to accelerate their business to reach even larger customers. Codeship helps teams ship better software faster by automating the release process.

truefacet

TrueFacet (Seattle ‘14), is the online jewelry marketplace where you can shop and sell branded jewelry and watches with confidence. They recently announced a $6M series A.

livelike

LiveLike (NYC ‘15), the company that developed a sports viewing platform that leverages VR to bring live stadium experiences to fans’ living rooms, recently raised $5M.

kepler

Kepler (Seattle ‘16), recently raised a $5M seed round to develop and operate a network of 50 nanosatellites to allow customer spacecraft to communicate with each other and the ground in real-time, regardless of their current orbital position.

bitfinder

Bitfinder (R/GA ‘15), the company that built Awair, a device that monitors indoor air quality, analyzes it and provides solutions based on users’ wellness needs like allergy, sleep and productivity, recently raised $4.5M.

livestories

LiveStories (Seattle ‘14), announced a $3M seed round. LiveStories empowers non-technical people with a simple data discovery and presentation tool that allows easy construction of data-rich content, all without writing a single line of code.

bison

Bison (Boston ‘12), a financial technology company delivering software for analyzing private fund data, recently raised a $3M seed round.

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Reflect (Seattle ‘16), a data visualization service that is reinventing how companies build and distribute analytics, recently raised a $2.5M seed round.

aire

Aire (Barclays UK ‘14), is a fresh approach to credit scoring for consumers, enabling fair access for those cut out of the credit ecosystem. Aire secured $2M in funding in October.

shyft

Shyft (Seattle ‘16), raised $1.5M in July. Shyft is an app that makes lives easier for retail and service workers around the world, by helping them communicate and manage their work life in one central place.

Don’t miss your chance to join a Techstars accelerator program – Applications close October 15. Apply today.








Funding and M&A Activity Across the Techstars Ecosystem

The past three months have seen some exciting funding news for Techstars companies! Congratulations to:

Also, a big shout out to the Techstars Ventures-backed Twilio on its IPO in June!

Here are the companies that have recently received investments!  

 

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Remitly (Seattle ‘11), a mobile payments service that enables consumers to make person-to-person international money transfers from the U.S. and Canada, secured $38.5M in Series C funding last April.

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Cloudability (Cloud ‘12), a data-driven cloud cost management firm, raised $24M in a Series B funding round earlier this month to continue to scale.

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Outreach (Seattle ‘11), recently raised $17.5M in Series B to expand their engineering team. Outreach builds robust communication software for Sales Development Reps, Account Executives and Success Managers.

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Bench (NYC ‘12), a modern, online bookkeeping service for independent businesses, announced a $16M ($20M CDN) Series B round that will go toward product enhancements.

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Keen.io (Cloud ‘12), is a custom analytics backend for modern developers. Keen.io secured $14.7M in Series B financing to accelerate their global growth in the enterprise.

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Lystable (London ‘14), recently closed an $11M Series A round. Lystable is the platform for the lean enterprise, helping large organizations manage their suppliers and external resources.

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Ionic (Cloud ‘13), is a powerful open source UI library and toolchain built with open web technologies that enables web developers to build high quality mobile apps on multiple platforms with one single code base. Ionic announced an $8.5M Series A funding round in late April.

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Testlio (Austin ‘13), a full-service mobile app testing solution, received $6.25M in Series A funding in mid April to continue to grow and evolve as a company.

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Convey (Austin ‘14), is the first concierge solution focused exclusively on customer delivery. Convey recently announced that they raised $4.5M in Series A funding to invest in their engineering work.

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Notion (Boulder ‘14), raised $3.2M in additional funding early this month. Notion is a wireless home monitoring system that can detect things like when doors open, your home’s temperature and even if there is a water leak.

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Homemade (NYC ‘15), raised $2.1M in seed funding in early April. Homemade is a platform for cooks to share their meals and story with the community.

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Netra (Boston ‘15), raised $1.85M in early June. Netra is focused on helping enterprises regain control over the chaos of imagery to better understand consumers’ intent and preference – and help them find exactly what they’re looking for.

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ilos (Cloud ‘16), the company that allows businesses to communicate with customers and team members by instantly recording and sharing videos, raised $1.5M in its first formal round of financing.

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Preply (Berlin ‘15), is an online platform for finding private tutors in your city or by skype for a variety of subjects. They recently announced a $1.3M seed round in early June.

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Flip (NYC ‘15), recently raised $1.2M in seed funding. Flip simplifies the experience of renting housing by turning leases into liquid assets that people can buy and sell from one another.