Daily Funding Roundup


Daily funding roundup - November 12, 2015

TigerText raised $50M; Eyefluence secured $14M; Flexe landed $4.4M

Innovation series by Mitos Suson
November 12, 2015
Short URL: http://vator.tv/n/4168

  • Flexe, provider of on-demand warehousing, today announced that it has raised $4.4 million in seed funding, which added to $1.9 million in previous investments brings the startup’s total coffers to $6.3 million. This most recent round was led by Fritz Lanman (co-founder of both Doppler Labs and DWNLD), Hank Vigil (former Senior Vice President of Strategy and Partnerships at Microsoft), Second Avenue Partners and SV Angel. Lanman and Vigil are both general partners at Acequia Capital, which has invested in companies large and small, including Pinterest, Square, Everlane, and Getaround.

  • On-demand delivery startup Delivery Republic has raised $2 million in funding led by Lap Man, a serial entrepreneur based in Hong Kong. The company works with individual outlets and major restaurant chains to deliver food and beverages to consumers under an hour from the time of order. Though the startup is focussed on food deliveries, Delivery Republic doesn’t want to be lumped together with other food delivery services crowding the space. Delivery Republic has its own app, syncing the company’s drivers  with merchants so orders can be tracked in real-time.

  • Iceye, an Espoo, Finland-based developer of a satellite-based information service, landed  $2.8 million in Series A funding. The round was led by True Ventures, with participation from Lifeline Ventures and Founder.orgIn September, the company also secured €2.5 million in R&D funding from SME Instrument within EU Horizon 2020.

  • Recardio Inc., a clinical-stage life science company focusing on regenerative therapies for cardiovascular diseases, today announced that it has secured $3 million in a Series A preferred stock offering. The financing includes existing shareholders as well as a number of new undisclosed investors. The proceeds will be used to advance a Phase 2 clinical trial for Recardio's lead therapeutic candidate, Dutogliptin, which is being developed for the treatment of acute myocardial infarction (AMI), commonly known as heart attack. 

  • DICOM Grid, makers of the leading cloud-based, medical image management suite, today announced two new board members and a new Chief Marketing Officer, all with proven experience in building and scaling high-growth SaaS businesses. In addition, it has raised $34 million in total funding, adding $3 million in venture debt financing from City National Bank to the Series B equity financing led by Canaan Partners last year.  These announcements speak to DICOM Grid's impressive momentum as it transforms the diagnostic image management landscape, and reflect the disruptive growth recently seen in the healthcare IT sector overall. 

  • Appcast, a pay-per-applicant job ad exchange, today announced that it has received $5 million in new funding to further drive the company's growth in developing technology solutions for the talent acquisition industry. Point Judith Capital, a new investor, led the round, with participation by another new investor, IrishAngels, and existing investor Baird Capital. This investment brings the total funding that Appcast has raised to date to $7.4 million. The new capital will be used to expand the company's sales, marketing and product development efforts as it continues to pioneer the programmatic job ad buying field for talent acquisition.

  • Unitive, an analytics startup that operationalizes best practices in hiring, today announced it has completed a $7.5 million Series A round of financing led by Ignition Partners, with additional investments from Kapor Capital, Webb Investment Network, Floodgate and Correlation Ventures. The funding will be used to further develop the technology and amplify customer support and marketing.

  • Eyefluence has an eye-popping technology straight out of science fiction. The Silicon Valley company is announcing it has raised $14 million for its eye-tracking technology that lets you use the gaze of your eyes to control augmented reality and virtual reality devices. The funding round was led by Motorola Solutions Venture Capital. Other investors include Jazz Venture Partners, NHN Investment, and Dolby Family Ventures.

  • NextVR, a tech company that develops live and on-demand virtual reality experiences, has secured $30.5 million in a Series A funding round led by Formation 8, whose co-founder Brian Koo was an early investor and technical advisor for Oculus prior to its sale to Facebook. Koo will join NextVR’s board of directors. Participants in the latest round also include Time Warner Investments, Comcast Ventures, Peter Guber, RSE Ventures, The Madison Square Garden Company and Dick Clark Productions.

  • Secure text messaging app company TigerText of Santa Monica has raised a $50 million Series C round. TigerText has raised $81.1 million, since it was founded in 2010, according to CrunchBase. TigerText said it will use some of its funding infusion to acquire new customers through additional advertising efforts. The funding will also be used to further enhance the company’s software. The new round was led by Norwest Venture Partners with participation from Invus Group and Accolade Partners, as well as previous backers Shasta Ventures, OrbiMed and Reed Elsevier.

  • Gainsight, a customer success company, announced today that it has closed a $50 million Series D round led by private equity and venture capital firm Insight Venture Partners. Insight joins a superstar roster of investors including Battery Ventures, Bain Capital Ventures, Bessemer Venture Partners, Salesforce Ventures, Summit Partners, and Lightspeed Venture Partners, all who believe in Customer Success Management as the next great category of enterprise software.

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: brookscs.com

Related companies, investors and entrepreneurs

Norwest Venture Partners
Angel group/VC
Description: Our experience makes us realistic about how businesses unfold, and we can advise our portfolio companies at all phases of growth. Our siz...
Lightspeed Venture Partners
Service provider
Description: Lightspeed Venture Partners is a technology-focused venture capital firm that manages $1.3 billion of capital commitments. We closed Ligh...
Battery Ventures
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Description: You’ve got a great idea, a winning product, an amazing team, a great business. You have choices. There are hundreds of firms who co...
Bessemer Venture Partners
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Description: In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descenden...

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