Kahoots Bought By RentJuice, Skyhook Enlists Sony, MassChallenge Adds $1M from MA, & More Boston-Area Deals News
We saw headlines of partnerships for Web and software companies, startup financings, and venture firms getting ready to raise bigger funds.
—Boston-based mobile software maker Skyhook Wireless nabbed a deal with Sony to get its location-finding technology into Sony’s “NGP” handheld gaming system, expected to roll out in late 2011. Financial terms of the agreement weren’t disclosed. Skyhook has also recently scored deals with Intel and Citysearch.
—Boston-based Kahoots, a maker of online real estate marketing technology, was bought by San Francisco-based RentJuice for an undisclosed sum. Kahoots founder Janak Sanariya will stay on to lead East Coast operations for RentJuice, which provides software for enabling property managers and real estate brokers to manage rental listings.
—Ruckus Media, a Norwalk, CT-based mobile app developer said it brought in $3.5 million in a Series A financing led by San Francisco-based Alsop Louie Partners. The funding will go to building children’s book app titles and expanding the product from Apple’s iTunes store to other marketplaces.
—Three venture and private equity firms with Boston ties were reported to be raising money last week. Bessemer Venture Partners was planning to raise a $1.5 billion new fund. Greylock Partners said it expanded its current fund from $575 million to $1 billion and formed a growth-stage fund to focus on more established companies. And Summit Partners is working on raising a $500 million venture fund and a $3 billion growth equity fund.
—Norwalk, CT-based Kayak inked a deal to provide flight search results for Microsoft’s Bing Travel. Financial terms of the deal weren’t revealed. The two were already allied in opposition to Google’s acquisition of Cambridge, MA-based ITA Software.
—Expressor Software of Burlington, MA, nabbed a $4.5 million debt-based financing. The data integration software firm brought in $4.5 million last May from a few of its previous investors, Commonwealth Capital Ventures, Globespan Capital Partners, and Sigma Partners.
—Boston startup competition program MassChallenge opened its 2011 contest to applicants and announced that the state of Massachusetts had pledged $1 million to the nonprofit over the next four years.
—Bloomberg reported that Henri Termeer, CEO of Cambridge-based Genzyme, will reap $158.4 million as a result of French drug firm Sanofi-Aventi’s $20.1 billion purchase of his biotech firm. Termeer could take in another $62.8 million if Genzyme products like the experimental multiple sclerosis drug alemtuzumab (Lemtrada) hit performance goals outlined in the buyout agreement.
—Cambridge-based marketing software maker HubSpot revealed it had raised $32 million in a Series D funding round led by Google Ventures, Sequoia Capital, and Salesforce.com, with participation from existing investors General Catalyst, Matrix Partners, and Scale Venture Partners. The financing nearly doubles the company’s previous funding pot, which was $33 million since HubSpot was founded in 2006.