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Daily Funding Roundup

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Daily funding roundup - February 15, 2016

Snapdeal received $200M; Entouch Controls completed an $8M funding; Mondo got funded

Innovation series by Mitos Suson
February 15, 2016
Short URL: http://vator.tv/n/4351

  • Habble, an Italian provider of a platform to monitor and optimize the use and costs of fixed and mobile telephony in different business areas, closed an angel funding round of undisclosed amountBackers included Italian business angels Nicola Colla and Fabio Nalucci. The company intends to use the funds to hire additional staff in Italy and develop the activities of sales and marketing in Europe with the support of the software R&D labs based in Pisa.

  • Startup community portal, Inc42 raised Pre-Series A round of funding led by venture capital firms Unicorn India Ventures and Aarin Capital, with participation from Mohandas Pai, Provogue’s Salil Chaturvedi, Patni scion Arihant Patni, FreeCharge founders Kunal Shah and Sandeep Tandon, Lookup’s Deepak Ravindran as well as InMobi co-founders Mohit Saxena and Amit Gupta, among others. The financial details of the investment have not been disclosed.

  • Movebubble, a London-based renting startup, picked up $1.6 million in further funding, bringing total investment to just over $3.4 million. Investors include Adam Williams (former Spotify MD), Richard Leigh (co-founder and MD of London and Capital), and Robert Stiff.

  • Sydney-based startup Divvy Parking, which allows individuals and businesses to lease out parking spaces to drivers, closed a $2.5 million Series B round, and the hiring of James Simpson, Microsoft’s former head of research and development in Australia as its Chief Technology Officer and Director. This round, which has come from undisclosed investors across Australia and Hong Kong, brings the total raised by Divvy to date since its launch in 2011 to $5.3 million. Divvy raised a $2.5 million Series A round in June last year and $300,000 in seed funding in 2013.

  • Qapital, a NYC- and Stockholm, Sweden-based personal finance app, raised $3.5 million in Pre-Series A funding roundThe backers are unknown at the moment. Founded in 2013 and led by CEO George Friedman, Qapital provides a goal-based, gamified personal finance app designed to let customers set and attain their goals while improving money habits. With a few taps, people can start triggering automated savings, held in their FDIC-insured accounts, can round-up their change, “fine” themselves for spending on useless things and reward themselves when they spend less and come in under budget.

  • Aasaanjobs, an online marketplace for recruitment in India, secured $5 million in Series A round of funding, led by Aspada Advisors with participation from existing investors. The fresh inflow of capital will help the company “realise its mission of taking its HR services on the cloud” and expand into newer geographies.

  • Mobile-first challenger bank Mondo landed a fresh round of funding and plans a further injection of cash from a crowdfunding campaign ahead of its launch later this year. Venture capital firm Passion Capital has invested £5 million in the London startup which is in the process of applying for a banking licence from regulators. The bank also plans to launch a crowdfunding campaign to raise a further £1 million from smaller investors and offer customers customers a stake in the business, turning down larger investors in the process, it claims.

  • EnTouch Controls, a TX-based provider of facility asset and energy management intelligence platform, completed an $8 million Series C funding round. The round was led by Egis Capital Partners with participation from new investors Traverse Venture Partners, Aster Capital and Calvert Investments along with existing investors SJF Ventures and Trailblazer Capital. As part of the transaction, Robert Chefitz, Managing Partner of EGIS Capital, will join the company’s board of directors. Martin Aares, Partner and Co-Founder at Traverse Venture Partners and Kevin Deneen, Associate at Aster Capital will also join the board as observers.

  • India’s ecommerce market Snapdeal landed a $200 million funding round as it ramps up competition against Amazon and Flipkart. The investment was led by Ontario Teachers’ Pension Plan, a pension fund, and Singapore-based investment entity Brother Fortune Apparel, among others. The new investment puts Snapdeal’s valuation in the $6.5-$7 billion range, making it the second most valuable startup in India, after Flipkart. The current figure represents a 35 percent jump from its previous valuation of $4.8 billion, and follows a $500 million investment almost a half-year ago. 

VC's Raising Funds

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: pehub.com

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