Boston Tech Roundup: Wayfair, Flashnotes, Ubersense, & More
A little more detail about a big IPO and news of some smaller private deals, from seed funding up to an acquisition, to get you caught up this week:
—Wayfair, the Boston-based e-commerce company that focuses on home goods, has set a price range for its upcoming IPO. In an SEC filing, the company says it may price its shares at $25-$28 each. At the midpoint of that range, Wayfair would be worth nearly $2.2 billion. Wayfair has been around as a company for many years, but its growth really took off when it rejiggered its strategy and took a big venture round in 2011. It’s raised more than $350 million in private investment.
—Flashnotes, a Boston-based company that lets students buy and sell study materials, has raised a $4.3 million Series B investment. Boston-based textbook publisher Cengage Learning was previously reported as the lead investor, although the amount wasn’t revealed until Flashnotes filed its SEC paperwork. Flashnotes has now raised a total of $11.2 million.
—Ubersense, a winter 2011 Techstars Boston startup that makes slow-motion video analysis apps for athletes, has been acquired by another startup. The new parent company is Lincoln, NE-based Hudl, which also sells sports-related software. No terms were disclosed for the deal, as reported by Re/Code. The Ubersense team is reportedly staying in Boston.
—BevSpot, a Harvard iLab startup working on liquor-ordering software for restaurants, has raised a $700,000 seed round. BetaBoston reports the investors include Domonique Foxworth, a retired NFL cornerback and former NFL Players Association president who is attending Harvard Business School.
—DipJar, a startup currently housed at Boston’s Bolt hardware incubator, has raised a seed round to help it build credit-card “tip jars” for small business. The $420,000 investment was led by Project 11, the early stage venture fund headed by Katie Rae, Bob Mason, and Reed Sturtevant.