Daily Funding Roundup


Daily funding roundup - April 29, 2016

Mercato led investment in Stance; GotIt! recieved over $9M; VividCortex raised $4.5M Series A

Innovation series by Mitos Suson
April 29, 2016
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  • OMERS Ventures made an undisclosed investment in Digital Currency Group (DCG), a New York-based builder, incubator and funder of bitcoin and blockchain technology-related companies. OMERS Ventures was part of a financing round that included multiple other investors, including HCM International Co,Prudential Financial Inc, and Western Union Co. DCG was founded last year by CEO Barry Silbert.

  • Actronika, a Paris, France-based tactile technology maker, raised €1.2 million in funding. The round was led by Seventure Partners, via Quadrivium 1. The company intends to use the funds to continue product development and begin commercial deployment. Co-founded in 2015 by Gilles Meyer, Rafal Pijewski and Vincent Hayward, Actronika develops and markets a haptic system for creating touch experiences. Application areas include medicine, virtual reality, surface rendering and gaming.

  • VividCortex, a Charlottesville, VA-based database performance monitoring platform for enterprises, raised an additional $4.5 million in Series A funding. The round was led by New Enterprise Associates (NEA) with participation from previous investors including Battery Ventures and Jaffray Woodriff. The company will use the funds to accelerate product development and sales.

  • SLANTRANGE, a developer of smart aerial remote sensing and analytics for agriculture, secured $5 million Series A equity financing from a consortium of investors led by The Investor Group, a San Diego based investment firm. The funding will accelerate the development and scaling of SLANTRANGE’s proprietary drone sensor and analytics technology to help farmers improve operations amid a rapidly transforming business landscape.

  • GotIt!, an app allowing users, primarily students, to pick the brains of experts for ten minutes and founded by Vietnamese Tran Viet Hung, raised over $9 million in Series A and Seed fundingThe Capricorn Investment Group, founded by Jeff Skoll, the first President of eBay, which funds breakthrough ideas such as Tesla, QuantumScape and Planet Labs, led the Series A funding. Fosun Group’s Brad Bao, who formerly headed up Tencent Investments, led the Seed round.

  • Mercato Partners, a growth capital partner for rapidly scaling companies, recently led a $30M Series D financing in Stance, a premium lifestyle apparel company that seeks to uncover the uncommon side of creativity. Mercato is joined in the Series D financing by returning investors including August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital, among others.

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

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