• EverQuote

  Participated · Series B · Feb 2017

  EverQuote operates an online data-and-technology insurance marketplace that connects drivers with agents and carriers using a scientific, data-driven approach to match consumers with suitable price and coverage. The platform applies big data and machine learning to drive down costs for insurance providers while helping consumers find individualized insurance options. The company intends to use the new funding to accelerate growth of its marketplace. Since the funding close it has grown its workforce to over 200 employees, opened a second office in Woburn, MA, and plans to hire another eighty employees by 2018. EverQuote also plans to expand its presence into home and life insurance. The company is led by CEO Seth Birnbaum and was founded in 2011. EverQuote operates an insurance marketplace that uses proprietary technology and data to match, advise and connect insurance shoppers with carriers and agents both online and offline. The company serves many of the largest U.S. underwriters and over 5,000 insurance agencies. Since inception it has grown to 5 million consumer visits per month and has made over 50 million referrals, which the company says result in over $3 billion of premiums for carriers and agents and an estimated $500 million in consumer savings. In 2016 EverQuote launched EverDrive, a free iOS and Android safe driving app to help consumers identify and correct driving habits. The company intends to use the new funds to accelerate sales expansion and product development. EverQuote was founded in 2011 by CEO Seth Birnbaum and is based in Cambridge, MA.

• Altierre

  Led · Equity · Jul 2014

  Altierre provides ultra‑low‑power, long‑range wireless technology that enables devices to exchange data and instructions bi‑directionally over a low‑energy, scalable network. Its solutions target retail use cases such as dynamic intra‑day promotional pricing, point‑of‑decision interactive mobile communications (BLE/QR code/NFC), product‑placement optimization via temperature/lighting/customer traffic monitoring, and out‑of‑stock shelf sensor devices to maximize inventory turn. The technology is described as scalable into multiple verticals including supply chains, manufacturing, automotive, homes and defense. The company is led by Chairman and CEO Sunit Saxena. Altierre secured financing of more than $21M and intends to use the funds for global growth plans. No operating metrics (revenue/users) are provided in the article. Altierre builds RFID shelf‑tagging systems for retailers that allow prices to be changed through radio chips on store shelves. The company disclosed an additional $8 million second closing as part of its previously announced third round. That brings the third round to $30 million in total. Altierre has raised $60 million to date. The round included participation from previous investors D. E. Shaw and Labrador Ventures; other investors named in reports include ATA Ventures, DuPont Capital Management, Galleon Group and Kinetic Ventures. The company was founded in 2003 and is based in San Jose, Calif. Altierre is a San Jose-based provider of wireless infrastructure for retailers. Its proprietary hardware and software platform combines low-cost, long-range RFID technology with back-end data-management capabilities. The platform delivers real-time, chain-wide dynamic pricing and shelf promotions, improves price accuracy, reduces labor costs, and enables targeted communications with customers and employees. Electronic shelf labels, point-of-purchase messaging and other functions are integrated into the unified platform. The company says these technologies are creating major changes in retail operations. Financially, Altierre recently raised $17 million in a second round of financing, following a $13 million first round in January 2005.

• Mblox

  Participated · Equity · Jul 2014

  mBlox is the largest global provider of application-to-person (A2P) mobile messaging and is described as the industry’s most experienced Tier One SMS aggregator. The company specializes in large-scale mobile messaging programs and carries mission-critical traffic for customers. It positions itself as providing reliable, uncompromising connections that help clients create positive brand experiences and build loyal customers. mBlox said it will be aggressive in making strategic investments to reaffirm its leadership position and drive the industry forward. To fund continued growth of its global business, the company completed a $43.5 million capital raise. Armentum Partners advised mBlox during this round of financing. mBlox is a Sunnyvale, CA-based mobile messaging company providing mobile engagement solutions to help brands, agencies and enterprises create connections with customers on mobile devices. Its network reaches more than 800 mobile operators worldwide and enables businesses to reach 6 billion devices. The company raised a $14M venture loan from NXT Capital Finance to fund strategic growth initiatives. mBlox said it intends to use the proceeds for growth and is hiring. Leadership includes CEO Tom Cotney and CTO Jonas Lindeborg. Its venture capital investors include Norwest Venture Partners, Scale Ventures, Novus, Trident, Avanti and new partner EDBI. mBlox operates a global mobile transaction network that accelerates mobile payments and enables rich mobile interaction and communication between brands and consumers. The company manages a network spanning more than 180 countries with over 650 mobile operator connections. In 2010 mBlox performed 4.4 billion mobile transactions, demonstrating significant scale of operations. Founded in 1999, the company positions itself as the world’s largest mobile transaction network. mBlox plans to use new funding to enhance geographic coverage through acquisitions and by establishing new territories, with a particular focus on the Asia‑Pacific region. The firm intends to leverage Singapore as an Asian hub and to develop new capabilities and services for international markets.

No current team members are available.