Tech news roundup: LevelUp raises $50M, Numerated Growth busts out of stealth mode and more

May 18, 2017

tech roundup

Numerated Growth Technologies emerges from stealth mode with $9M to help banks rival lending startups

As customers visit their bank branches less and less, banks have struggled to find ways to drive sales elsewhere. Lucky for them, Numerated Growth Technologies, a Boston company incubated at fintech innovation space Eastern Labs, has emerged from the shadows to help. The company, whose mission is helping banks compete with lending startups, announced Wednesday that it had secured $9 million in funding. [Built In Boston]



JPMorgan leads $50M funding round for payment platform LevelUp

Boston-based payment platform LevelUp announced Tuesday that it raised $50 million in its largest funding round to date. Longtime partner and investor JPMorgan Chase led the round, with participation from US Boston and CentroCredit Bank. The company is hiring in all the key areas of the business – engineering, marketing, sales and support, but hasn’t set an exact number of new positions . [Built In Boston]



Harvard startup Quickhelp acquired by Yup Technologies

Quickhelp, an "Uber for tutoring," was acquired for an undisclosed amount by Yup Technologies, a San Francisco-based edtech company. The deal was finalized around March and April, said Quickhelp co-founder Hikari Senju. Launched out of the Harvard Innovation Lab, Quickhelp connects graduate and undergraduate students with tutors for affordable prices. [BostInno]



HubSpot invests $10M in account-based marketing firm Terminus

Boston’s HubSpot announced a $10.3 million Series B investment in account-based marketing firm Terminus this week. This was the marketing tech company’s first investment in a startup. HubSpot Chief Strategy Officer Bradford Coffey wrote that account-based marketing could complement HubSpot's inbound marketing techniques in instances when multiple people are involved in the purchasing process. [Medium]



Report lauds Boston's cleantech cluster as 3rd-strongest in the country

A new report from the Brookings Institution showed that Greater Boston is one of the top metro areas in the nation for clean-energy startups hoping to attract funding. The Washington D.C. think tank added up all the clean tech investments from 2011 to 2016 and found that startups in the Boston-Cambridge-Newton area grabbed $2.9 billion — almost 9 percent of the total invested nationwide. [Boston Business Journal]


Photos via social media and Shutterstock 

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