Weekly Refresh: 2 Big Raises, and a Bay-Area Software Firm Relocates

by Tatum Hunter
October 28, 2019
Boston tech news jobs funding
photo via shutterstock

OwnUp raised $14.9 million to help borrowers compare mortgages. The company, which provides an online mortgage marketplace complete with home loan advisors, saves customers $20,000 over the life of their loans, it said. With this funding, OwnUp plans to grow its 29-person team. [Built In Boston]

Fairmarkit, which automates corporate procurement, secured $11 million to expand its team and boost integrations for its product. When companies buy things, they often have to collect and document a whole suite of quotes. Fairmarkit’s platform uses artificial intelligence to find the best vendors for each scenario and process a large number of bids. That way, companies save time and money. [Built In Boston]

Mastercard acquired Boston company SessionM to enhance its customer loyalty programs. SessionM is a customer engagement platform for retailers, airlines, restaurants and consumer packaged goods companies. With the acquisition, Mastercard can build out its rewards programs with partner brands. [Press release]

Bay Area company Alfresco Software is moving its headquarters to Boston. The open source SaaS provider will open a new office in Wellesley in November with 30 employees. The move follows Alfresco’s acquisition last year by Boston-based private equity firm Thomas H. Lee Partners, L.P. The company chose Boston for its new headquarters because of the city’s talent pool and universities, its CEO told Boston Business Journal. [Boston Business Journal]

Voxel8 raised Series B funding to expand multi-material digital manufacturing. The company, which was founded in 2014 by Harvard materials science and engineering professor Dr. Jennifer Lewis, sells a platform that lets shoe and apparel manufacturers digitally design, test and assemble products that use multiple materials. The amount of the funding was not disclosed. [Press release]

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