In The Know
The Inno stories you need to read today.
Inside the people, companies and organizations making moves in Boston.
Lucy: In a statement to TechCrunch, Zagster CEO Tim Ericson elaborated on the layoffs the company made almost a month after announcing a $15M growth equity round: “Coming off the heels of our recent financing, we’ve re-structured to accelerate expansion of Pace, with a heavier focus on building in-market teams to greatly expand bike fleets, drive higher ridership, and partner with local businesses to sponsor Pace parking. We did have to let a number of people go with roles not aligned to our Pace strategy.”
KG: 28 years ago, thieves broke into the Isabella Stewart Gardner Museum and stole 13 pieces of artwork (valued more than $500M) in one of the largest art heists ever. Boston startup Cuseum put the stolen art back into frame with the use of augmented reality. Check out the project here: Hacking the Heist. Psst, the Museum is still offering a $10M reward for information on the stolen pieces.
Lucy: New Office Envy alert. Check out the new HQ of True Fit, which moved from Woburn to their downtown Boston digs in late November. Read more: Office Envy: Inside True Fit’s New Boston HQ, Which is All About Balance
Your daily funding roundup.
KG: Elephant, the early stage VC firm led by Warby Parker’s cofounder, Andrew Hunt, has raised $250M for their second fund (Axios reports). They have the least descriptive website I have seen to date. Hint: there is nothing to click. Enjoy.
Lucy: Anterra Capital, a VC firm focused on transforming the global food system, has raised $200M for their first fund. Anterra is based in Boston and Amsterdam.
Who’s moving where.
KG: ViralGains has added Mark Connon to its board of directors. Connon was a longtime marketing executive at AOL, Verizon and Oath.
Lucy: Local transportation system for students Sheprd has hired Lucy Ai as the new head of revenue. Ai is joining Sheprd from Arconic’s corporate strategy group.
KG: Lionbridge Technologies has added Frank Sannella as managing director of the Americas and Camilla De Villiers as managing director of Asia. Lionbridge is a digital communications company focused on language translation.
In The Community
The events and happenings to know about tonight and this week
KG: On March 28th, head up to Umass Lowell for the M2D2 $200K Challenge. This is a competition for medical device and biotech startups fighting for $200K in funding. If you’re busy on March 28th, you can still go to the second part of the competition on April 10th and see the check being rewarded to the winner.
Read This Right Now
Insight and analysis from the community and beyond.
Lucy: Rob Waldron, CEO of Curriculum Associates, gave most of the company away to charity. In a guest post, he explains why it worked: “As a conscious company with a long-term focus, we believe it is our duty to “walk the walk” when it comes to service to our community. Our beloved Boston has many areas in need of improvement, and equity in education is at the top of the list.”
From Our Partners
An extra message.
WeWork: Hope you enjoyed Tech Madness as much as we did. As you probably know, WeWork is a global network of workspaces where companies and people grow together. We transform buildings into dynamic environments for creativity, focus, and connection. More than just the best place to work, though, this is a movement towards humanizing work. We believe that CEOs can help each other, offices can use the comforts of home, and we can all look forward to Monday if we find real meaning in what we do. Click here to learn more about your perfect office at our two newest locations in Boston. 1 Beacon Street and 200 Portland Street.
Featured startup and tech jobs on BostInno’s new Careers Directory.