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Congratulations to Dogpatch Labs Cambridge resident Localytics on its recent announcement of $700,000 in seed funding. Here is the coverage in TechCrunch. We are very excited for the team!

Launchpad Venture Group and New York Angels led the round. “We worked closely with a number of top app publishers for the past year and chose to self-fund the company until we could validate our business model and generate real revenue,” said Raj Aggarwal, CEO of Localytics: “With our customer base expanding rapidly and end-user reach growing 50% per month, we’re excited to partner with a strong group of investors who will help fuel our growth.”

Additional coverage in Boston Business Journal and Xconomy.

Congrats Raj, Henry, Andrew, and Brian!

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Polaris Ventures In 1996, Jon Flint, Terry McGuire, and Steve Arnold founded Polaris Venture Partners. Their vision was to identify and invest in exceptional entrepreneurs and operating companies with innovative and disruptive ideas, the skills necessary to become market leaders, and a passion for success. Since its inception, Polaris has believed that diversification across company stage and across industries is the key to outstanding long-term results for the firm’s limited partners.