Boston tech companies have been busy at work raking in venture capital funds and undergoing acquisitions. Catch up on the latest headlines. This is the Built In Boston weekly refresh.
Blizzard announced plans to acquire Proletariat. Boston-based gaming company Proletariat plans to be acquired by Blizzard Entertainment. Proletariat is the producer of battle royale game Spellbreak where wizards and witches cast spells on each other. Blizzard is a similar video game company, most notably known for producing World of Warcraft. Through the agreement, Blizzard will acquire Proletariat’s entire staff and focus efforts on further developing World of Warcraft. [VentureBeat]
Boston Tech Quote Of The Week
Workvivo pulled in $22M. Workvivo, a workforce management platform dually based in Boston and Cork, Ireland, pulled in $22 million in a Series B funding round led by Tiger Global. Workvivo operates as a social networking platform that allows employees within the same company to keep up with each other and upper management through an activity feed. With its new capital, Workvivo plans to further scale its product offerings. [Built In Boston]
MassMutual Ventures raised a $400M fund. MassMutual Ventures launched a $400 million fund dedicated to investing in early and growth-stage companies in North America and Israel. The Boston-based VC firm dedicates funds to startups within the fintech, cybersecurity, enterprise SaaS and digital healthtech sectors. [Business Wire]
