Daily funding roundup - April 4, 2016

DFW closed fifth fund; Strainz received $8M funding; Bitt raised $4M Series A

• 1776-based TransitScreen, a company that makes displays of transport schedules, raised an additional $800,000 in seed funding. This brings the company’s total fundraising efforts to $1.5 million. The capital, a statement says, will go towards expanding the company’s sales and product offerings. Participants in the seed funding include Middle Bridge Partners, Alex Bresler, Mark Decker, Jr., 1776 Ventures and some angels.
  
  
• Opinary, a Berlin, Germany-based content interactive platform for online publishers, raised €1 million in funding. Backers included Global Founders Capital, Motu Ventures, and other entrepreneurs. Led by Cornelius Frey, co-founder & CEO, Opinary allows publishers to enrich content and make it interactive, engage and retain users and monetize traffic, (with the promise of 5-7x higher click-through rates) via visual polling tools.
  
  
• Veestro, a gourmet plant-based meal delivery service, secured $1.5 million in financing, an investment led by M&A Capital, Inc. and Starcorp International S.A. The funding will accelerate the company's aggressive growth driven by health-minded consumers looking for convenient solutions to meal planning and preparation.
  
  
• Zeto, a Cork, Ireland-based provider of software for wireless management of commercial refrigeration systems, raised €1.7 million in funding. Kernel Capital, through the Bank of Ireland Kernel Capital Venture Funds, led the round with participation from Business Venture Partners (BVP) and Enterprise Ireland. The company will use the funds to expand operations.
  
  
• Caribbean-based Blockchain cryptocurrency startup Bitt, Inc. raised $4 million Series A from Overstock.com, Inc. Founded in 2016, Bitt offers a digital asset exchange whose core focus is on providing access to cryptocurrencies in emerging markets with a high-frequency trading platform that is claimed to offer the highest levels of access, security, customer service, transparency, and accountability.
  
  
• Strainz Inc., a cannabis brand management company, raised a total of $8 million including a $6 million round of Series A financing from leading venture capital and angel investors. The funding will allow Strainz to accelerate its portfolio of brands in Colorado, Nevada and Washington, expand its brands into other legal states and hire additional senior management and staff.
  
  

VC's Raising Funds

• DFW Capital Partners closed its fifth fund at $360 million. This is up from DFW’s fourth fund, which raised $162.5 million in December 2013. DFW Capital Partners V LP was oversubscribed and exceeded its fundraising target.Griffin Financial Group LLC was the placement agent. Teaneck, New Jersey-based DFW seeks to invest in lower middle market companies, specializing in the healthcare, business-services and industrial-services sectors.

Image source: inc.com