Wayfair and DraftKings contribute to $12.5M Lovepop investment
Boston startup Lovepop, maker of 3D pop-up greeting cards, announced that it has raised a $12.5 million Series A round this week, led by Highland Capital Partners. Wayfair CEO Niraj Shah, DraftKings CEO Jason Robins and Crashlytics founder Wayne Chang also participated in the round, which will be used to expand the company’s reach. Lovepop tripled its staff to 600 employees this year, and recently landed a deal with HBO to make “Game of Thrones” inspired cards. Built In Boston told Lovepop’s founding story back in December 2016. [BostInno]
RxAdvance predicted as a flagship Boston tech company by ex-Apple exec
John Sculley, former chief executive at Apple, thinks that RxAdvance a pharmacy benefit manager headquartered in Southborough will eventually become one of Boston’s flagship tech companies. Sculley most recently moved into the position of chairman and chief marketing officer at RxAdvance, which finished 2017 with over $500 million in revenue. RxAdvance told the Boston Globe that it estimates it will employ more than 1,600 people by the end of 2020 and will reach $10 billion in revenue at the same time. [The Boston Globe]
Founders announce that Intelligent.ly is closing
Boston-based startup Intelligent.ly, which offered programs that helped entrepreneurs develop professional skills, is shutting down. Co-founders Sarah Hodges and Dave Balter announced the news in a blog post this week, where they said that despite growing at a “strong rate,” the startup required more attention than the duo could provide. Balter is currently a partner at Flipside Crypto, while Hodges is a partner at Pillar Companies. [Medium]
Patient Discovery nabs $2.6M in funding
Boston healthtech company Patient Discovery raised $2.6 million from investors last week, according to an SEC filing. The company sells software that helps patients understand treatment and medication regimens, as well as shares data with caregivers so they can better understand their patients. [Xconomy]
Betting site Paddy Power gives Boston 7-to-1 chance of landing Amazon HQ2
Betting site Paddy Power has weighed in on the race between 238 cities who want to house Amazon’s second headquarters — and things aren’t looking so good for Boston. Paddy Power ranked Boston the No. 7 most likely city, along with Toronto, while Atlanta and Austin were ranked as the most likely cities to be chosen by the tech giant. Texas has long been rumored a hot contender, as the state shows an enormous potential for growth. [Inc.]
