Big names entered Boston’s tech news coverage last week, with Shark Tank’s Mark Cuban and rapper Pusha T joining investment efforts and Google for Startups’ involvement in a fellowship for Latinx founders. Find out what you may have missed with the Built In Boston Weekly Refresh.
ProfitWell was acquired for $200M. London-based Paddle, a SaaS payment infrastructure company with a large NYC presence, acquired Boston-based ProfitWell, a subscription-based retention analytics platform, for $200 million. The acquisition will retain all ProfitWell employees and bring on Profitwell CEO Patrick Campbell as Paddle’s chief strategy officer. [Built In Boston]
SparkCharge raised $23M. SparkCharge, a producer of portable electric vehicle charging stations, raised $23 million in a Series A funding round co-led by Tale Venture Partners and Pendulum. Additional big-name contributors to the round include Shark Tank’s Mark Cuban and rapper Pusha T. With its fresh funds, the startup plans to expand to other regional markets. SparkCharge’s portable chargers are currently available in Massachusetts, California and Texas. [Built In Boston]
Visible Hands launched a Google-backed founder fellowship. Boston-based VC firm Visible Hands joined forces with Google for Startups this week to debut a 20-week fellowship program dedicated to Latinx founders. Through the program, the two powerhouses hope to bridge the gap between Latinx founders and their access to equitable capital. [Built In Boston]
Paerpay’s text-like payment process. Built In’s Future 5 series featured Paerpay, a fintech platform that aims to make restaurant payments as simple as texts. The startup is actively hiring with aims to grow its nine-person team to 20 by end of the year. [Built In Boston]
