Funding Roundup


Funding roundup - week ending 02/08/13

WhiteHat, Tapiture, Upstream Commerce and Ravello Systems among those that raised funds

Innovation series by Steven Loeb
February 8, 2013
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Tapiture, a social discovery website, raised $825,000 in seed funding through private angel investors.

Enterprise SaaS innovation software platform Batterii closed a $2.5 million seed-stage funding round led by CincyTech, along with Batterii CEO Kevin C. Cummins, Los Angeles-based investor Ken Salkin, and undisclosed individuals.

Think Big Analytics, a Big Data service provider, announced a $3 million dollar seed round lead by Angel Investor Daniel Scheinman with participation from WI Harper Group.

Ribbon, which allows users to sell digital and physical goods on any platform, raised $1.6M seed round of funding led by Tim Draper, with participation from Siemer VenturesEmil Michael, Naguib Sawiris,Winston IbrahimMicroVentures, and others.

Lulu, a private network dedicated to women and relationships, raised $2.5 million in seed funding from super angels, including Yuri Milner, Hosain Rahman, Alexander Asseily, Bill Tai, Vivi Nevo, Dave Morin , and existing investors, Passion Capital and PROfounders Capital.

Newsreader app Guide raised $1 million in seed funding from The John S. and James L. Knight FoundationSapient Corp.Bob Pitman,  Omar Epps, and Steve Schimmel. 



 Upstream Commerce, provider of solutions for product intelligence, raised $3 million from YL Ventures, Bright Capital, and new private investors.

Cloud Application Hypervisor provider Ravello Systems raised $26 million in funding from Sequoia Capital, Norwest Venture Partners and Bessemer Venture Partners.

Wireless Internet provider Freedom Pop raised $4.3 million in Series A1 funding from existing investors, DCM and Mangrove Capital.


Whitehat Security, a provider of website risk management solution, raised $31 million in a strategic growth round led by new investor JMI Equity, with participation from existing investor Investor Growth Capital.

Mobile app back-end developer Urban Airship raised $25 million in a round of funding led by August Capital, with participation from existing investors Foundry Group, Intel Capital, True Ventures, and Verizon.

Enterprise middleware provider WSO2 raised $10 million in a round of funding led by Toba Capital, with help from Cisco and Intel Capital.


Real-time media management platform DataXu closed $27 million in funding led by Thomvest Ventures, Current investors Atlas Venture, Flybridge Capital Partners and Menlo Ventures also participated.

Livefyre, provider of real-time social media software, announced the closing of a $15 million Series C round of funding led by U.S. Venture Partners (USVP) and included existing investors Greycroft Partners, Cue Ball, HillsVen Group, and ff Venture Capital.

Movile, a Latin American mobile publishing company, announced that it invested $2.6 million in Brazilian food ordering and delivery company iFood. The investment is iFood’s Series B round of funding.


JIBEa referral-based hiring platform, closed a $10 million Series B round. New investor Longworth Venture Partners led the round. Polaris Partners, DFJ Gotham, DFJ, Zelkova, Lerer Ventures and Thrive Capital also participated.

Intel invested $6.5 million into software-defined networking company Big Switch's B round, bringing the round to $31.5 million.

New Relic, the cloud-based performance software tool, raised $80 million in mezzanine financing led by Insight Venture Partners. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company's existing investors Allen & Company, Benchmark Capital, Trinity Ventures and Tenaya Capital. It also included a major investment from accounts managed by T. Rowe Price Associates.

On demand taxi service Hailo announced that it raised a $30 million Series B from Union Square Ventures. 


Rover, an Airbnb-like service for dogs, raised $7 million in Series B funding led by The Foundry Group. Existing investor Madrona Venture Group also participated.

Related companies, investors and entrepreneurs

Description: Lulu is a digital marketplace guided by a vision of empowerment and accessibility, and built on a business model that has proven wildly s...
Upstream Commerce
Description: Upstream Commerce is the leading solution for pricing intelligence and product intelligence for online retailers.  It helps you...
Description: JIBE is a referral-based hiring platform that enables jobseekers to tap into their existing social networks to gain access to the jobs th...
Description: Hailo is a network that matches passengers and licensed taxi drivers, using a tool which helps to make cabbies’ days more sociable ...

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