Daily Funding Roundup


Daily funding roundup - August 4, 2015

Zscaler secured $100M; Riffsy raised $10M; Pickingo raised $1.3M

Innovation series by Mitos Suson
August 4, 2015
Short URL: http://vator.tv/n/3f4e

  • FusionPipe Software Solutions Inc, a provider of advanced authentication and data security solutions, closed a pre-Series A seed financing. The value of the round, which FusionPipe said was oversubscribed, was not released. The sources of the funding were also not disclosed. The Vancouver-based startup said it will use the round’s proceeds to grow its team, increase research, expand partnerships with government and enterprise customers, and accelerate the deployment of its solutions in target markets.

  • Gurgaon-based on demand B2B hyperlocal logistics startup, Pickingo raised $1.3 million in a funding round led by Orios Venture Partners along with angel investor Zishaan Hayath also participating. With the raised funds, Pickingo plans to expand to more than 20 Tier I cities by the end of this year.With the raised funds, Pickingo plans to expand to more than 20 Tier I cities by the end of this year.

  • Following a successful Kickstarter.com pre-launch Edinburgh technology company Ingenious Audio has secured an investment of £310,000 through Kelvin Capital and the Scottish Co-investment Fund from the Scottish Investment Bank, the investment arm of Scottish Enterprise, for their audio streaming Fi-Live offers "better than Bluetooth" audio, providing higher quality, longer range and much faster transmission, all while connecting to the standard Wi-Fi systems in PCs, tablets and phones, making it ideal for live music applications like the guitar or microphone, time sensitive systems like TV speakers and gaming headphones and performance applications like Hi-Fi speakers or headphones.

  • Imperial Innovations Group plc has completed a £2.5 million Series A funding round in Oxford Biotrans, a University of Oxford spin-out company, which is pioneering the commercialisation of biocatalytic processes for the production of high value specialty chemicals, based on its patented enzyme technology.

  • Live soccer streaming service FuboTV, bagged $4 million in Series A funding led by DCM Ventures, along with I2BF Digital, LionTree Partners and Luminari Capital. Fubo also secured seed investments from Anthony Vinciquerra, former CEO of Fox Networks Group, and Blake Krikorian, co-founder of Sling Media.

  • Westpac's tech-focused venture capital fund Reinventure has led a $5 million funding round for cafe services start-up Beat the Q Posse Group, which is poised to rebrand its flagship app after three separate start-ups effectively merged to become one late in 2014. The series A funding round, which the company said was oversubscribed, was also backed by Exto Partners. It is the second investment since late June for Reinventure, which became the first Australian banking venture to invest in a Bitcoin company, Coinbase.

  • GIF keyboard maker Riffsyraised a $10 million Series A to make sure you never have to communicate using only boring sentences and emojis again. The round was led by Menlo Ventures with participation from returning investor Redpoint Ventures, as well as Cowboy Ventures and Signia Venture Partners. Along with seed funding it landed in November, Riffsy’s Series A brings its total raised so far to $13.5 million. Riffsy will use its new capital to build an Android version of its GIF keyboard and expand into international markets.

  • Koding, a startup that has constructed a cloud-based integrated development environment in which developers can quickly start writing and debugging code, announced a $10 million round of fundingAnd today the startup is also unveiling Koding for Teams, a new service that teams of coders can use to get instant access to customized stacks of development tools, compute infrastructure to build on, integrations with services like GitHub, and audio and video chat.

  • Boston-based Panorama Educationlanded a $12 million Series A venture round, most of it from new investors Owl Ventures and Spark Capital. The company previously raised $4 million from Mark Zuckerberg’s Startup:Education fund, Google Ventures, Y Combinator, and other investors.

  • Finnish mobile games maker Seriouslyclosed $18 million in Series A funding, bringing its total capital raised to a healthy $28 million. The round was led by early Spotify investor Northzone, with Korea Investment Partners and prior backers Upfront Ventures, Sunstone Capital and Daher Capital participating.

  • Duetto, a San Francisco, CA-based provider of hotel and casino profit optimization technology, closed a $30 million in Series C financing. The round was led by Icon Ventures, with participation from Accel Partners, Battery Ventures, Altimeter Capital, Leland Pillsbury, founding partner, Co-Chairman and CEO of Thayer Lodging, and Marc Benioff, the founder, Chairman and CEO of Salesforce.com.

  • The California-based company, Zscaler which provides security-as-a-service, secured $100 million in a round led by TPG, the private equity group, with contributions from existing investors EMC, the storage company, and Lightspeed Ventures. The fundraising was at an undisclosed valuation, but similar-sized rounds are usually valued at above $1 billion.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: inc.com

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