Help Scout Raises $6M Led by Foundry Group

MBBP client Brightwurks (dba Help Scout), a Boston based start-up recently announced that they are ready to evolve.  Help Scout has been providing Web-based help desks to thousands of customers with only $800,000 in funding, which is a small sum for any tech startup.   After closing a $6 million Series A round recently, Help Scout plans …

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Tales from the Entrepreneurial Trenches: Series “A” to Successful Exit

On Thursday, June 7th, MBBP is hosting a VC event at the Cambridge Innovation Center on the journey from company formation and Series "A" round to eventual exit. This program will share how four entrepreneur panelists have addressed the issues facing venture backed companies and their approach to achieving a successful exit. Moderator: Kyle Alspach, Startups and VC …

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EnerTrac Raises $4.2M in VC Funds

MBBP client EnerTrac Inc., a startup that makes devices used for remote monitoring of such items as thermostats, fuel tanks and heating and ventilation systems, recently announced it has completed a $4.2 million Series A round of financing. Investors include Milestone Venture Partners and City Light Capital, both of New York City; Harbor Light Capital …

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Jeff Steele Provides Sample Term Sheet on MBBP.com

MBBP Partner Jeffrey Steele has recently created a sample term sheet and annotations for a Series A Round of Financing. Some of the annotations and language in this model term sheet (including the veto rights) are borrowed from the NVCA model legal documents. Please visit our resources page to view the Sample Term Sheet. For more …

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