Betterment gets a boost:

Consumer financial services company Betterment announced $100M in new financing this morning, led by Swedish growth-stage firm Kinnevik with participation from previous investors, at a valuation of $700M. The funding follows a record-setting year for investment in fintech companies: $13.8B in total VC investment in 2015, which represents a 106% jump over 2014.

Wearable tech: “We are only in the third inning.”

At least that’s what KPCB’s Wen Hsieh, Rouz Jazayeri and Paul Yeh have to say about the state of wearable tech. In the next six innings, we can expect to see a new suite of breakthrough components to meet the market demands around feature set, form factor and battery life, followed by a burst of innovation in software and services.

How effective are global accelerators?

The Global Accelerator Learning Initiative (GALI) released a report on global accelerator performance yesterday in collaboration with seed-stage acelerator Village Capital. GALI assessed the highest and lowest performing Village Capital programs around the world in an effort to understand how the differences across accelerator programs influence venture performance.

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Recent Investments

Figtree Financing

$30M / Series A

Figtree Financing is a PACE (Property Assessed Clean Energy) Financing provider for property owners. The capital is being used to launch a residential financing program and accelerate its commercial financing platform.

Categories:

California City · Financial Services

Founders:

Mahesh Shah

Investors:

LL Funds (Lead)

Hopper

$16M / Series C

Hopper uses big data to predict and analyze airfare for travelers. This round brings the company’s total funding to $38M, after a pivot in 2014.

Categories:

Cambridge · Mobile · Travel · Big Data

Founders:

Joost Ouwerkerk, Sebastien Rainville, Frederic Lalonde

Investors:

BDC IT Venture Fund (Lead), OMERS Ventures, Brightspark Ventures, + 1 more

Kuvee

$6.0M / Venture

Kuvee is a WiFi-connected, smart dispenser for serving and preserving wine. The Boston-based company graduated from the Bolt incubator.

Categories:

Boston · Wine And Spirits

Founders:

Mike Tomovich, Vijay Manwani, Geoffrey Lansberry

Investors:

Founder Collective, General Catalyst Partners

More Investments
Company Amount / Round Lead Investor
Umbo CV $2.8M / Seed AppWorks Ventures
AND CO $2.5M / Venture
App-CM $1.2M / Series A
Major League Hacking $1.0M / Seed
Home61 $1.0M / Seed
Digsy unknown / Venture
All Recent Funding Activity

Recent Acquisitions

Thoransoft

Acquired by eXplorance

Forming Technologies

Acquired by HEXAGON

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Company Acquired by Amount
Connect IB Redstone
Force 3 Sirius Computer Solutions
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