News Feed

Mobee, a Stage 1 Ventures portfolio company, has partnered with ShopAdvisor, a leader in drive-to-store retail proximity marketing analytics and mobile shopping, to deliver the industry’s most granular, real-time product availability information for hyperlocal proximity marketing campaigns.

The partnership marries ShopAdvisor’s deep understanding of shopper activity, location and in-store product availability, with Mobee’s real-time insight into what consumers are seeing on the shelf.

“The partnership between Mobee and ShopAdvisor is a natural fit,” said Hal Charnley, CEO, Mobee. “We are supplying real-time product availability information from the shopper’s perspective, allowing marketers to capitalize on consumer interest and location more often, on a larger scale and with greater success than ever before.”

“ShopAdvisor and Mobee are enabling true, real-time connection of shopper interest and product availability,” said Jeff Papows, CEO, ShopAdvisor. “By offering greater contextual relevance and awareness of product availability to our retail, brand and agency clients, they can deliver superior omni-channel experiences that will engage consumers with the right product, in the right place, at the right time.”

Additional information can be found in the Retail Info System News article.

TriLumina, a Stage1Ventures portfolio company, nnounced that Brian Wong has been named as the company’s new President and Chief Executive Officer and as a member of the board of directors. Mr. Wong is an experienced leader and highly respected in the semiconductor industry with an impressive record of building and growing profitable technology companies.

The complete press release and announcement can be read on the PR Newswire site.

Banshee Wines, a Stage1Ventures portfolio company, was featured in a Boston Globe article entitled “The sommelier herself blended the wine”. In this article, Globe Correspondent Ellen Bhang interviews Noell Dorsey, Wine Director at Island Creek Oyster Bar, and describes how she and Baron Ziegler, CEO of Banshee Wines, collaborated in creating the perfect wine blended exclusively for Island Creek.

The entire article can be found on Boston Globe Lifestyle section.

Banshee Wines, a Stage1Ventures portfolio company, was featured in a New York Times article entitled “20 Wines for Under $20: The Fall Edition”. In this article, New York Times wine critic Eric Asimov recommends Banshee’s Sonoma Coast Chardonnay 2014 – describing it as a rare example of a moderately priced California chardonnay with an excellent pedigree.

The entire article can be read in the New York Times Food Section .

Promoboxx, a Stage1Ventures portfolio company, today announced an $8.2 million Series A round of funding led by Ascent Venture Partners and Grotech Ventures with continued participation from existing investors Launch Capital, Converge Venture Partners, Boston Seed Capital, Stage1Ventures and several Boston angel investors. Promoboxx is the only SaaS marketing platform that empowers national brands to connect and align with their local retailers to drive revenue. This new funding will enable Promoboxx to scale to meet the demand in the U.S. and overseas for its marketing platform.

“Consumers are highly informed and have never had more choices with regards to what and where to purchase products. To stay ahead of the curve, brands and retailers must work together on digital solutions that motivate consumers to take action in store,” said Matt Fates, general partner at Ascent Venture Partners. “Promoboxx is uniquely positioned to revolutionize the way in which brands connect and align with their retailers. With marketing technology innovating at a furious pace, we’re thrilled to participate in this unique space, and support Promoboxx through an accelerated growth period.”

Founded in 2010, Promoboxx has experienced impressive growth, having raised only $2.2M in venture funding, relying instead on revenue generated by customer demand to fuel its growth. Today, Promoboxx works with over 30 leading brands, including Arc’teryx, Cargill, Chevrolet, GE Appliances, New Balance, Nissan, Shaw Floors, and Specialized Bicycle Components, connecting and aligning over 16,000 retail locations. Brand campaigns launched through Promoboxx have resulted in almost 1.5 million retailer shares of content on social media and almost 10 million consumer visits to retailers’ landing pages promoting brands’ products.

Additional information can be found in the PR Newswire press release.

Inc. Magazine has ranked PureCars, provider of the leading digital advertising platform for the automotive industry, No. 696 on the tenth annual Inc. 500|5000, an exclusive ranking of the fastest-growing private companies in the United States.

The automotive-focused Google Premier SMB partner also ranks No. 6 among South Carolina businesses as designated by Inc. Based in Charleston and with offices in Milwaukee and Atlanta, PureCars experienced a 566 percent revenue growth in the past three years.

Beyond its record-breaking growth, PureCars achieved a number of milestones in the past year. Acquired by broadcaster Raycom Media in October 2015 for $125 million, the sale remains Raycom’s largest ever single-company, non-broadcast acquisition. The collaboration allowed for a combination of broadcasting and digital expertise that allows for a comprehensive advertising strategy for both auto dealerships and the media industry as a whole.

The full press release can be found in the PureCars press release.

Openbay, a Stage 1 Ventures portfolio company, announced today that it has teamed up with Allstate Insurance to provide auto repair and maintenance services to Allstate policyholders, visitors to, and users of the Allstate mobile and Drivewise apps.

Users may book service appointments ranging from routine maintenance — such as oil changes, brake service, new tires and resolving a check-engine light — to major repairs, including timing belts, water pump replacements, electrical, and even new engine replacements. Openbay offers a wide range of services via a nationwide network of franchise dealerships, national chains, independent service centers and mobile mechanics.

“Openbay believes a well maintained vehicle is a safe vehicle. By teaming up with Allstate, Openbay expands its reach to a large customer base of vehicle owners throughout the U.S.,” said Rob Infantino, founder and CEO of Openbay. “Allstate and Openbay are delivering innovative solutions to market to meet the needs and expectations of the connected consumer.”

Additional information can be found in the Openbay press release.

WiTricity, a Stage 1 Ventures portfolio company and the industry pioneer in wireless power transfer over distance, has appointed wireless telecommunications veteran Mary Chan to its Board of Directors effective immediately. Chan’s unique background makes her a powerful addition to WiTricity’s board as the company continues to commercialize the next wave of wireless charging solutions.

Most recently serving as president of GM’s Global Connected Consumer & OnStar Service, Chan was instrumental in the implementation of 4GLTE connectivity service across GM’s global vehicle brands, enabling connected drivers and bringing forward a new generation of technology-enabled automobiles. Prior to that, Chan’s tenure at Dell, Alcatel-Lucent and AT&T included taking the lead on several key consumer electronic and wireless initiatives, one being the global deployment of 4G and 3G networks. Her contributions have helped shape the connected ecosystem we experience today.

“I have known Mary for quite some time now from our previous work together at Dell, and her expertise and creativity are truly unrivaled,” said WiTricity CEO Alex Gruzen. “Her deep knowledge of the telecommunications, consumer electronics and automotive industries, coupled with her leadership and management experience, makes her an ideal addition to the board. Mary’s expertise is so perfectly matched to the verticals we are focusing on from a strategic perspective, she couldn’t be a better fit. I’m excited to have her with us as WiTricity continues to eliminate wires from our connected lives.”

Additional information can be found in the WinTricity press release.

WiTricity, a Stage 1 Ventures portfolio company and the industry pioneer in wireless power transfer over distance, today announced that Greatbatch, a global developer and manufacturer of medical devices and components, has extended its relationship with WiTricity to leverage its patented wireless charging technology in the development of implantable medical device applications. This new agreement expands collaboration between Greatbatch and WiTricity to cover a broad range of medical devices and systems. Greatbatch intends to work closely with customers to define opportunities to leverage WiTricity technology into medical devices and clinical applications where wireless power transfer solutions can address unmet clinical needs, enabling critical innovation in the current and next generations of implantable, interventional and portable medical devices.

Unlike the consumer electronics and automotive industries, where wireless energy is reaching an inflection point, the healthcare industry continues to struggle with cords and power transfer limitations. With more than 51 million surgeries taking place annually in the US, operating rooms are frequently challenged by the tangle of power cords that can hamper procedural efficiency. Considering that more than 150 million people worldwide are candidates for power-centric neurostimulation implants, significant opportunity exists to untether the healthcare space for physicians and their patients, enabling therapy delivery with fewer limitations.

“Implantable medical applications are a natural fit for WiTricity technology, allowing new designs that increase patient comfort, reduce battery sizes and deliver a better overall patient experience,” said WiTricity CEO Alex Gruzen. “Working with Greatbatch, a decided leader in medical device design and manufacturing, enables WiTricity to address the medical market as quickly and efficiently as possible.”

Additional information can be found in the WinTricity press release.

Marxent, a Stage1Ventures portfolio company, has been recognized as a “Cool Vendor” in a recent Gartner report entitled “Cool Vendors in Digital Commerce”. The accolade was given in recognition of Marxent’s innovative augmented reality and virtual reality 3D visualization tools that evoke context and emotion when it comes to retail sales and marketing.

Gartner conducts annual evaluations of emerging technology companies that are addressing a wide array of industry issues and trends. For the Cool Vendors in Digital Commerce Marketing report, Gartner identified companies that are leading the evolution of digital marketing, including the expectation of support in making complex buying decisions.

“We’re honored to be included in such a well-respected series of reports by Gartner,” said Beck Besecker, co-founder and CEO of Marxent. “Implementing augmented reality and virtual reality for visual merchandising and product education enables a new level of interaction with customers. We are already showing marketers and retailers – especially those selling large scale and configurable products or services – how this technology can vastly accelerate the sales cycle and create new experiences that improve brand loyalty. Being recognized as a Gartner Cool Vendor in Digital Commerce Marketing is a recognition of our unique commitment and approach to retail and marketing innovation.”

Additional information can be found in the Business Wire press release.

Older Posts »