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Upstart Business Journal

April 16, 2014 View Original Article

The Pipeline: Google sells out Glass, Marissa Mayer slows mergers, Tumblr stays in NYC

A look the hottest deals, business moves and upstart entrepreneurs for April 16 from around the country, as reported by The Business Journals and other local business publications.

Deals and money plays

Silicon Valley…Marissa's merger slowdown: Marissa Mayer's appetite for buying companies may be sated. Yahoo acquisitions slowed down in the first quarter.

New York…Squarespace's ambitions: Anthony Caselena says the $40 million he's raised for his web publishing and commerce company, Squarespace, "signals the scaling of our ambition."

New York…Betterment bucks: Financial website Betterment pulls in $32 million.

New York…And LearnVest Loot: And another financial site, LearnVesttakes $28 million.

New York…High-tech locksmithKeyMe, which promises to keep digital designs of keys that can be reproduced on demand,lands $7.8 million for national expansion.

Silicon Valley…Informed sales teams: Gagein, which provides news alerts to sales teams, raises $6.4 million.

Boston…Catering cash: ezCater, aGrubHub for businesses, attracts $4 million to connect companies and caterers.

Austin…Round complete: M87, which makes networking software to boost smartphone performances, completes its Series A round with $3 million in the bank.

Upstarts and bold moves

Silicon Valley…Glass mania: Google announces it sold out of Glass on Tuesday, when it opened sales of the devices to the public. Here's hoping all those new customers won't lead to a new wave of Glass beatdowns.

New York…No place but the Big Apple: David Karp says there's no way Tumblr's parent company, Yahoo, is going to pry him away from the big city.