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Monday, June 11, 2018
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The Big One

A breakdown on the day’s biggest Inno story.

Lucy: Hosting private parties, business meetings, weddings and other events can play a crucial role in determining the success of restaurants – not to mention, their revenue. That’s why some businesses rely not only on sharp sales managers to make sure parties go as planned, they rely on technology as well. Specifically, on software made by Tripleseat.

Headquartered in Concord, Mass., Tripleseat is a ten-year-old company providing web-based event planning software for restaurants, as well as for hotels and caterers.

“We manage all the logistics,” said Jonathan Morse, Tripleseat’s CEO and founder. “We get down to the fork. What sized tables you should have… where it’s going to be, the timing of it … all that information is what we help the restaurants manage.”

Now, after nearly a decade of being self-funded, the company raised $7M from private investor Level Equity last June and added 15 employees – mainly in sales and marketing – to boost its headcount to 52. Read more: Restaurant Event Startup Tripleseat Is Hungry for Growth

In The Know

The Inno stories you need to read today.

Elsewhere in Inno

Stories from around the Inno network we think you’ll dig.

– Startup That Analyzes Bacteria in Feces Gets Backed by UChicago Fund [Chicago Inno]
– How a Brewery and a Co-Working Space Hope to Impact the Twin Cities [Minne Inno]
– A Vending Machine for Cars Has Arrived in D.C. [DC Inno]

Making Moves

Inside the people, companies and organizations making moves in Boston.

Lucy: After visiting Turbonomic’s corporate HQ, the latest installment of our Office Envy series is about Lose It!, a weight-loss app that optimizes calorie counting. Moving from Liberty Wharf, the company was looking for more space to accommodate its 29 employees, who in the old office were “on top of each other,” as CEO Charles Teague told me. The 6,700-square-foot location in Downtown Crossing is a balance of open space and individual working room, including five conference rooms, five private rooms and a few special rooms (one, called “The Zen Den,” for relaxation). Read more: Office Envy: Inside the Office of Lose It! in Downtown Crossing, a Hymn to Balance

Sri: In other news, Cambridge-based Magenta Therapeutics that focuses on making stem cell transplants effective, debuted its IPO. The company plans to raise $100M by offering 6.7M shares. The three year old company is listed on NASDAQ under ticker name MGTA.

New Money

Your daily funding roundup.

Lucy: North Reading, Mass.-based TraceLink raised $60M in an equity round, according to a new Form D. The company is developing a network that connects the life sciences supply chain. The final goal is eliminating counterfeit drugs from the global marketplace. Xconomy has more.

Player Personnel

Who’s moving where.

Sri: Robotics startup Bionik Laboratories that provides assistive technology solutions to individuals with neurological and mobility challenges from hospital to home, named Renaud Maloberti as its chief commercial officer. Prior to this, Maloberti was the VP and general manager at FujiFilm SonoSite.

In The Community

The events and happenings to know about tonight and this week.

Lucy: Boston TechJam is just a few days away. On Thursday, people from all corners of Boston’s tech scene will be at Government Center to eat, drink, play games, network and enjoy live music together. Individual tickets are on sale for $20 plus fee, but students can snag them for $10. Read more: BostInno Approved: June’s Top Tech & Startup Events in Boston

Read This Right Now

Insight and analysis from the community and beyond.

Sri: In The Boston GlobeScott Kirsner writes about Boston’s brain drain — of student entrepreneurs and their ideas, and what the ecosystem can do about it: “Boston benefits from the magnificent magnetism of dozens of colleges and universities that attract some of the smartest people from around the world. We can do better at persuading more of them to stick around and build businesses here after graduation day. Getting help from our region’s top investors, and involvement from lots of schools — rather than having everyone continue to pursue their own independent strategy — would be key.”


Featured Jobs

Featured startup and tech jobs on BostInno’s new Careers Directory.

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Meet The Authors
Srividya (Sri) Kalyanaraman
Lucia Maffei

Kyle Gross (KG)

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