Baseline Ventures Posts

Square has acquired BookFresh

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Square is a mobile payments company that has acquired
BookFresh. BookFresh is known for scheduling customer appointments for merchants. BookFresh is a self-serve platform for small businesses that need online scheduling services. BookFresh is considered an “OpenTable for everything but restaurants.”

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Boombotix raises $4 million in funding

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Boombotix is a San Francisco based audio company that has raised $4 million in funding from existing and new investors. The new investors were The Social + Capital Partnership, Baseline, Red Hills, Great Oaks and Grishin Robotics. The existing investors that participated in this round include Walden Venture Capital and David Dolby.
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Good Eggs Raises $8.5 Million

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Good Eggs is a farm-to-fridge grocery delivery startup that has raised $8.5 million in funding from Sequoia Capital.  Bryan Schreier, a partner at Sequoia Capital, will be joining the Good Eggs board of directors.  Other investors that participated in this round include Harrison Metal, Baseline Ventures, Kapor Capital, Collaborative Fund, and several angel investors including Max Ventilla.
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GiftCards.com Acquires Online Card Company Giftly

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GiftCards.com, one of the top gift card websites, has acquired a startup called Giftly.  The terms of the acquisition was undisclosed.  Based in San Francisco, California, Giftly lets users send gift credits to recipients based on their location when redeeming a gift rather than issuing plastic cards.

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Formspring Is Shutting Down

Formspring is a question and answer service that will be shutting down.  Formspring wrote in a blog post that their ability to maintain a level of resources needed to keep the company up-and-running is too high now.  Users will be able to post questions on the service until March 31st.  People that want to export their data from the website has until April 15th.

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Stitch Fix Raises $4.75 Million

Stitch Fix is a San Francisco based startup that has raised $4.75 million in Series A funding.  This round of funding was co-led by Baseline Ventures and Lightspeed Venture Partners.  Western Technology Investment also participated in this round.  Stitch Fix has over 10,000 clients.  Stitch Fix currently has over 10,000 clients and they have a staff of 50 employees.  The company has an annual sales run rate today is double of what they had 2 months ago.

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Pocket Raises $5 Million In Series B

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Pocket has raised $5 million in Series B funding led by Foundation Capital.  Baseline Ventures and Google Ventures also participated in this round of funding.

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Salesforce.com Acquires GoInstant For Over $70 Million

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Salesforce.com is acquiring startup company GoInstant for over $70 million according to sources with The Wall Street Journal. GoInstant is a two year old startup that raised $1.7 million from investors like Reid Hoffman, Yuri Milner, Chamath Palihapitiya, Baseline Ventures, and FreeStyle Capital. GoInstant has 12 employees.

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