Funding Roundup


Funding roundup - week ending 5/30/14

Message Bus, Spark Capital, BitFury, Sequoia, Newlans, ZPower, Askuity, Apixio, Thatgamecompany

Innovation series by Steven Loeb
May 30, 2014 | Comments
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Seed stage

Bindo, hyperlocal marketplace that facilitates and tracks all in-store, online and mobile transactions, raised a seed round of $1.8 million from Gary Vaynerchuk, East Ventures, and Metamorphic Venturess.

Mustbin, a personal data organization app, raised $1.5 million in funding from existing investors.

File sending app Infinit raised $1.8 million in funding from Alven Capital and 360 Capital Partners.

Need, an online magazine and retailer for men, raised $500,000 in seed funding led by Greg Abbott, Imran Sheikh and Mobelux.

Quick Key, a smartphone app for teachers that grades bubble answer sheets, raised a $250,000 seed round from ARC Capital.

MyNextRun, a platform for runners to discover and sign up for running events, raised €500,000 from Andy Phillipps, Moaffak Ahmed, Juha Lindfors and AJP Holding.

Wauwaa, a website that connects parents with relevant information and special offers, raised €500,000 from Vision+.

Askuity, a cross-retailer big data analytics platform, raised a $1.8 million seed round funding from dunnhumby Venture, MaRS Investment Accelerator Fund and a group of angel investors.

Online travel agency TourRadar raised $500,000 from SpeedInvest, AC & Friends and existing investors.

Brndstr, a crowd-marketing platform that gives people discounts and special offers when they post on social mediaraised $1.6 million in new funding from Funsho.


Early stage

Distil Networks, a provider of bot detection and mitigation solutions, raised $10 million in Series A funding led by Foundry Group and Techstars’ Bullet Time Ventures, with participation from ff Venture Capital, IDEA Fund Partners and Militello Capital.

HackerOne,  a volunteer security organization, raised $9 million in Series A funding from Benchmark Capital. 

Aver Informatics, a data management platform, raised $8.5 million in Series A funding led by Drive Capital and GE Ventures.

Indian e-commerce company Flipkart raised $210 million in a round led by DST Global, with Tiger Global, Naspers, and Iconiq Capital also participating. 

Aerial robotics platform Skycatch raised $13.2 million in a funding round from unnamed investors.

Qeexo, a developer of touch technology, raised $2.3 million in a  Series A funding round led by Sierra Ventures.

DemystData, a software provider that harnesses Big Data and predictive analytics, raised $5 million in Series A funding from Notion Capital, SingTel Innov8, Arbor Ventures, P2P Equity Partners, and Errol Damelin.

BitFury Group, a Bitcoin infrastructure provider, raised $20 million from Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund, Queensbridge Venture Partners and ZAD Investment Company. Angel investors Bill Tai and Jonathan Teo also participated, along with the company’s seed investors.

Venture-capital heavyweight Sequoia Capital raised $530 million for its fourth India-focused fund.

Nix Hydra, a software entertainment firm focused on developing products for young women, raised $5 million in Series A funding fromFoundry Group and Mike Lazerow.

Lucid Software, the company behind cloud-based apps Lucidchart and Lucidpress, raised $5 million in Series A funding from Kickstart Seed Fund, Grayhawk Capital, and others.

PatientPay, a cloud-base patient billing and payment service, raised a $2.5 million round led by Mosaik Partners.


Late stage

Message Bus, an e-mail hosting service, closed $4 million in a round led by True Ventures, along with North Bridge Venture Partners and Ignition Partners.

Korean e-commerce firm Coupang raised a $100 million funding round led by Sequoia.

Data platform Datalogix raised a $45 million round led by Wellington Management Company. Institutional Venture Partners also participated.

App Annie, a business intelligence solution, raised a $17 million round of funding from IDG Capital Partners, Greycroft Partners and Sequoia Capital.

E-commerce platform Ecwid raised $5 million in Series B funding led by iTech Capital. Runa Capital also participated.

Singapore Post, a provider of mail and retail solutions in Singapore, received a $249 million investment from Chinese e-commerce giant Alibaba for a 10.35% stake.

Open source software company Acquia closed a $50 million financing round led by New Enterprise Associates, along with Split Rock Partners, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital.

Meta-search travel site Hipmunk raised a $20 million Series C round of funding led by Oak Investment Partners, along with Institutional Venture Partners, Ignition Partners and existing angel investors.

ExtraHop, a provider real-time wire data analytics for IT operational intelligence, raised $41 million in a round led byTechnology Crossover Ventures, along with Meritech Capital Partners and Madrona Venture Group, and private investors including Sujal Patel.

Trifacta, a developer of productivity platforms for data analysis, raised a $25 million Series C round led by Ignition Partners, along with Greylock Partners and Accel Partners.

Taxi booking app GrabTaxi raised a $15 million Series B led by GGV Capital with participation from Qunar and Vertex Venture Holdings.

Payments firm Swipely raised $20 million in a round led by Pritzker Group Venture Capital, along with First Round Capital, Index Ventures and Shasta Ventures.

Venture capital firm Spark Capital raised $375 million for its venture growth fund called Spark Growth.

Newlans, a developer of radio frequency solutions for mobile devices, raised $5 million from Verizon Ventures to complete its Series B round.

ZPower, which develops and manufactures rechargeable silver-zinc batteries, raised $10 million in funding from existing investors.

Apixio, a big data healthcare analytics firm, raised $13.5 million from Bain Capital Ventures and several “high-profile” unidentified Silicon Valley angel investors. 

Video game developer Thatgamecompany raised a $7 million round of funding from Capital Today.

Related companies, investors and entrepreneurs

Sequoia Capital
Angel group/VC
Description: Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one...
Description: Hipmunk is a meta-search travel site and app that helps save time and money by comparing top travel sites to show the perfect flight or h...
Acquia, Inc
Description: Acquia is a ground-breaking open source software company providing value-added products and services for the wildly popular Drupal social...
Message Bus
Description: Message Bus provides a cloud-native application service for enabling and powering messaging across email and mobile channels, helping to...
Description: Trifacta, the pioneer in data transformation, significantly enhances the value of an enterprise’s Big Data by enabling users to eas...
Description: Swipely is an online service that changes the way people shop, share and save by turning purchases into conversations. Swipely provid...
Spark Capital
Angel group/VC
Description: Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive,world-changing companies...

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