Boston’s SnapApp raises $10.2M to grow sales team, fuel acquisitions
As corporate demand for interactive content marketing grows, Boston-based SnapApp is well poised to advance its position in the market. The digital marketing company announced a fresh $10.2 million Series B round this week after a multi-year period of sustained growth. The funding, which was led by repeat investor Providence Strategic Growth, will go toward expanding SnapApp’s sales team, building out the company’s technology and looking for potential acquisitions, a press release stated. [Built In Boston]
Smilo raises over $3M to launch digital-first baby brand
This year, the global baby care market is expected to hit $66.8 billion in sales — and Smilo hopes to make its mark on the industry with a newly launched, digital-first brand. The Boston-based company, which announced a $3.25 million funding round this week led by Brand Foundry and Norwest Venture Partners, caters to millennial parents with a direct-to-consumer website that offers high-performance products for babies and children. The company’s initial product offerings will include a palate support pacifier designed to help prevent dental issues caused by pacifiers, bottles that reduce air intake and pacifier clips designed to avoid damage to clothing. [Built In Boston]
CloudHealth Technologies moves into new Financial District digs, tripling its office space
CloudHealth Technologies announced plans this week to relocate its global headquarters from Boston’s Fort Point area to expanded offices at 100 Summer Street, in the heart of the city’s financial district. The move gives CloudHealth 80,000 square feet of office space and ensures that the cloud service management company can grow its local employee base. Its team is set to double over the course of 2017, growing from 175 employees today to over 250 by the end of the year. [Press Release]
Markforged introduces 2 new 3D printers
3D printing startup Markforged announced the addition of two new printers to its lineup this week. The startup’s new X3 and X5 printers introduce lower price points that aim to help local manufacturers print stronger, larger and lighter parts. Markforged’s 3D printing line prints strong parts from carbon fiber and metal with a cloud-managed 3D solution. With the arrival of the X3 and X5 printers, Markforged makes industrial-strength printing financially attainable for a wide range of manufacturing businesses, helping them to better compete on a global stage. [Press Release]
Ticketmaster acquires Techstars Boston alum
Techstars Boston alum StrobeLabs was acquired by TicketWeb, a self-service ticketing platform owned by Ticketmaster, this week. StrobeLabs, which was a part of the Techstars Boston 2016 class, is a marketing platform that helps venues and promoters learn about and engage with their fans. The financial terms of the deal were not disclosed. StrobeLabs had raised $250,000 from investors. [BostInno]
