Daily funding roundup - January 26, 2016

Grovo announced $40 funding; Vidyard nabbed $35M; Cedexis closed $22M Series B funding

• Grovo, a SaaS-based learning management system (LMS) for companies, today announced that it has closed $40 million in a Series C funding round led by existing investor Accel with participation from Costanoa Venture Capital, SoftTech VC, and Greg Waldorf, plus new investor Vayner Capital. The company last year raised a $15 million Series B round also led by Accel, and its funding to date totals to $65 million.
  
  
• Adtech startup Eyeota announced that it has received $7 million Series A funding led by Global Brain Corporation& and joined by Infinity e.Ventures and Project A Ventures. The company plans to use the funding to build teams in its international offices, grow the technology development team, as well as expand into new geographical territories.
  
  
• Seebo, a Tel Aviv, Israel-founded startup that offers an Internet of Things (IoT) end-to-end platform to help companies launch smart products faster, has closed $8.5 million in Series A funding. The round, which was led by Carmel Ventures with participation from existing investors, including TPY Capital, brings the total raised by the company to $14 million.
  
  
• HopSkipDrive, a ride service for children, has raised $10.2 million in Series A funding. FirstMark Capital led the round with participation from Greycroft Partners, Pritzker Group Venture Capital, Upfront Ventures, BBG Ventures and 1776. In addition to the funding, the company has named Eyal Gutentag as chief operations officer. Gutentag is a former general manager of Uber in Los Angeles.
  
  
• FaceIt, a U.K.-based startup that runs an online multiplayer game platform, has raised $15 million in venture-capital funding and is eyeing U.S. expansion. The Series A funding, from investment firms Anthos Capital, Index Ventures and United Ventures, comes after FaceIt raised a $2 million seed round last year led by United Ventures. The company said it will use the investment to expand its team and continue to build out its technology and platform. FaceIt this month opened an office in Los Angeles, angling to strike partnerships with U.S.-based game developers, publishers and other partners.
  
  
• The Zebra, a comprehensive comparison platform which enables consumers to search car insurance quotes, today announced it has closed $17 million in Series A funding with investment from Mark Cuban, Mike Maples Jr.(of Twitter and Lyft), Simon Nixon(of Moneysupermarket), Silverton Partners, and new investors Daher Capital and Ballast Point Ventures, bringing total funding to over $21 million. The investment will propel the company's disruption of the massive U.S. car insurance industry and fortify its mission to empower informed consumer behavior.
  
  
• Enterprise integration vendor, Jitterbit Inc. raised $20 million in a Series B funding round led by the global investment firm KKR & Co. L.P. The cash injection comes on top of an earlier $5 million round raised two years ago from partners that include Salesforce Inc., Autodesk Inc. and Primera Capital LLC. The new cash infusion will provide the company with some needed breathing room to crank up sales, marketing, engineering and professional services.
  
  
• New York-based startup Fireglass, a network security service for enterprises, announced today that it had closed a $20 million funding round led by Norwest Venture Partners and Lightspeed Venture Partners. The startup said that it will use the series A investment to expand research and further develop its product.
  
  
• Cedexis, a Portland, Oregon-based provider of Internet measurement and optimization solutions, closed a $22 million Series B financing round. The round was led by Ginko Ventures with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures as well as existing investors Advanced Technology Ventures and Madrona Ventures.The company, which has also secured a $770,000 business development loan from bpifrance, a French investment bank, intends to use the funds to accelerate global growth as well as to broaden solutions for advancing over-the-top (OTT) video, Software-as-a-Service (SaaS) services and web application delivery.
  
  
• ParkWhiz, a parking app, has raised $24 million to aggressively focus on continued mobile growth, accelerating new product development and acquire New York City-based BestParking. The Series C funding is led by Baird Capital with participation by growth capital investor Beringea and existing investor Jump Capital. Terms of the acquisition will not be disclosed.
  
  
• 5miles, a mobile marketplace apps, has secured $30 million in new investment, the latest round of funding for a company that celebrated its first year in business this month. The Dallas- and Beijing-based startup has acquired over 5 million users (averaging 30,000 downloads a day). Among its investors are Blue Lake, IDG, Morningside and SIG-China (part of the Susquehanna Investment Group). In addition, individuals with ties to ecommerce giants, Alibaba and eBay, have invested recently in 5miles.
  
  
• Canada-based Vidyard, a video platform that helps businesses, has raised $35 million in Series C funding. Battery Ventures led the round with participation from return backers Bessemer Venture Partners, Salesforce Ventures, OMERS Ventures, iNovia Capital and SoftTech VC. In conjunction with the funding, Michael Brown, a general partner at Battery Ventures, has been added to Vidyard’s board of directors.

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: venturebeat.com