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Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx

Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount.
Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. The pair went on to raise a known $10 million in funding for the company with investors such as Austin-based Scout Ventures and Steve Papa. Atlas Ventures is also a backer, according to the Wall Street Journal. All 40 of Shoobx’s employees will join Fidelity.
Shoobx is a provider of automated equity management operations and financing software to private companies

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