Polaris Venture Partners Posts

LogEntries Raises $10 Million In Series A

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LogEntries is a Dublin-based startup that has raised $10 million in funding from Polaris Venture Partners, RRE Ventures, Frontline Ventures, and Floodgate Fund.  LogEntries is a big data company that allows users to analyze big data.  LogEntries co-founder and chief research officer Trevor Parsons and co-founder Viliam Holub came up with the idea for the company as post-graduate students at University College Dublin.
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Kim Kardashian’s Internet Apparel Company ShoeDazzle Raises $40 Million From Andreessen Horowitz, LightSpeed, and Polaris


ShoeDazzle is a subscription based e-commerce company that was founded by Brian Lee and Kim Kardashian. ShoeDazzle recently raised $40 million from several Silicon Valley investor companies that include Andreessen Horowitz, Polaris Venture Partners, and LightSpeed Venture Partners. Andreessen Horowitz led the round with $30 million and general partner John O’Farrell will join the ShoeDazzle board.
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T2 Biosystems Raises $15 Million In Equity


T2 Biosystems Inc. has raised $15 million from 9 different investors. The company plans to use the funding to accelerate development and commercialization for its diagnostic platform. The investment round was led by Physic Ventures. Other investors include Arcus Ventures, RA Capital Management LLC, Camros Capital LLC, WS Investments Company, Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, and Partners Healthcare of Boston. T2 Biosystems raised $10.8 million in Series B financing two years ago. [Bizjournals]

Stickybits Raises $1.6 Million From Multiple Investors


Stickybits has raised $1.6 million from multiple investors. First Round Capital and Lower Case Capital are two new investors that joined in on Stickybits’ funding. Previous investors that participated in this round include Mitch Kapor and Polaris Venture Partners. Chris Sacca also joined in this round. Stickybits lets you attach photos, videos, text, music, etc. to any barcode.
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Kim Kardashian’s ShoeDazzle.com Raises $13M


ShoeDazzle.com, a women’s fashion website co-founded by Kim Kardashian has raised $13 million as part of a growth financing round. The lead investor was Lightspeed Venture Partners and previous investor Polaris Venture Partners also participated. ShoeDazzle’s previous round of funding was $7 million. The other co-founder of ShoeDazzle is Brian Lee, who also co-founded LegalZoom.com. ShoeDazzle.com asks users to fill out a survey and based on the answers, the website will recommend you certain shoes to buy from them based on your fashion preferences. [soCalTech]

Quantcast Raises $27.5 Million From Cisco, Polaris, Founders Fund, and Revolution

Quantcast, a website that monitors stats for websites announced earlier this week that they have raised $27.5 million. Cisco Systems is the leader investor in Quantcast. Quantcast competes with Alexa and Compete.com. Quantcast plans to use the funding to expand their advertising platform.

“Quantcast’s approach and technology for delivering high-value, targeted advertising aligns with the needs of Cisco’s customers, from service providers to media companies and ultimately consumers,” stated Cisco SVP and general manager of Media Solutions Group Dan Scheinman. Other investors include Polaris Venture Partners, The Founders Fund, and Revolution Ventures.

Kofax Acquires 170Systems For $32.9 Million

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Kofax Inc. is a management software company that has just acquired 170Systems Inc. 170 Systems Inc. builds financial process automation software.  Kofax acquired 170 Systems for $32.9 million.  Of the $32.9 million, about $10.1 million was paid in cash and the rest in stock options.

170 Systems is based in Boston, MA and has about 140 employees.  170 Systems is a startup backed by Polaris Ventures.  Polaris invested $14 million in 170 Systems and they still had roughly $10.1 million cash in hand.  170 Systems’ revenues were about $28 million, but the company was not profitable. Kofax has roughly 1,200 employees and $300 million in annual sales.

Turbine Raises $6.6 Million For Developing Online Nerd Games

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Turbine has raised $6.6 million out a planned $50 million round of funding.  Turbine builds online games based on The Lord of the Rings, Dungeons & Dragons, and Asheron’s Call.

Turbine directly competes with Activision Blizzard, the developer of World of Warcraft.  Turbine plans to release Dungeons & Dragons Online into a free game later this year called Eberron Unlimited.

Investors in Turbine include Columbia Capital, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Granite Global Ventures.  Turbine previously raised $95 million.  The company has about 300 employees.

The company is even planning on announcing their first console game in the near future.  Turbine may even buy out another gaming company.

[via PEHub/alarm:clock]