Boston Tech Roundup: Cue Ball, RBM, Alignable, Localytics, Timbre
We’ve got some investment, personnel, and acquisition news to wrap up the week in innovation around the Boston area:
—Cue Ball Capital, an unconventional Boston venture fund, has added more cash to its “evergreen” investment pool. According to an SEC filing, Cue Ball has added nearly $25 million in capital, following a roughly $30 million fundraising from about a year ago. The firm counts well-known business and media figures among its investors, and seeks to maintain an ongoing investment pool of $100 million to $150 million targeted at early growth companies and startups with relatively predictable revenues.
—RBM Technologies, a seller of software to help retailers organize their in-store merchandising layouts, has raised about $9.5 million in private equity financing. The company’s SEC filing lists Spring Lake Equity Partners’ Carmen Scarpa and Dan MacKeigan as directors.
—Alignable, a startup developing social-networking software for local businesses, has raised a $3.5 million Series A investment. The round was led by Boston-based Saturn Partners, according to the Boston Business Journal. Alignable is led by CEO Eric Groves, a former Constant Contact executive.
—Localytics, a Boston-based company that sells analytics and marketing software for mobile app developers, has hired a new finance chief: former HubSpot CFO David Stack. Stack was IPO-seeking HubSpot’s CFO for about five years, and was replaced by John Kinzer last year. Localytics, which raised a $16 million Series C investment in February, says it is now used in more than 20,000 apps on more than 1.4 billion devices.
—Timbre, a live-music search app started as a side project by Cambridge, MA-based development agency Intrepid Pursuits, has been acquired by London-based online ticketing company Seatwave. Exact terms of the sale were not disclosed, but BetaBoston reports that it was a cash-and-stock transaction. Timbre raised a small amount of outside investment.