Funding roundup - week ending 04/29/11

Ronny Kerr · April 29, 2011 · Short URL: https://vator.tv/n/19eb

Around $300 million in seed, early and late-stage investments for a long list of awesome startups

Seed

DoubleDutch--what you might consider a Foursquare for the enterprise-- secured $1.2 million in a seed funding round led by Lightbank, the investment fund created by Groupon co-founders Bradley Keywell and Eric Lefkofsky.

 

Early-stage

Design marketplace 99designs raised a $35 million Series A round led by Accel Partners, with participatiom from several others.

Deals and discount platform CampusLIVE closed $3.1 million in new funding from Highland Capital Partners and Charles River Ventures.

CloudPassage, a security SaaS company, completed a Series A round of financing led by Benchmark Capital.

Online gifting site Giftiki raised a $1 million round led by Tim Draper, with participation from Transmedia Capital, Crosslink Capital, and Goldhill Capital.

Inspirato, the "next generation destination club," closed $11 million in new capital.

 

Social gaming developer Kobojo completed a $7.5 million (€5.3 million) first round of funding led by Endeavour Vision and IDinvest Partners.

Social advertising network MakeMeReach closed a €3 million ($4.3 Million) round with three French funds: Alven Capital, Siparex and UFG-Siparex.

 

Market sharing secured over $1 million from K2 Media and App Fund.

 

Milk, a new development company from Kevin Rose, has raised a $1.5 million round from an epic list of angel investors.

 

 

PapayaMobile, a social gaming network for Android, secured $18 million in a round of Series B funding led by Keytone Ventures and DCM.

Pixelpipe, a website for sharing media across many different outlets at once, raised $2.3 million, according to an SEC filing.

SignalSet, developer of the first solution that allows enterprises to deploy and control wireless devices capable of remotely switching between GSM and CDMA networks in real-time, secured $6 million from Vanedge Capital, Point B Capital, Globespan Capital Partners and Razorback Capital.

Sparkfly secured $2.5 million in institutional capital for its mobile engagement platform, SparkQuest.

 

Stealth startup Youwho secured $5 million in funding, according to an SEC filing.

 

 

Late-stage

Clarizen, provider of work execution software, secured $12 million in venture funding led by Opus Capital Ventures, with participation from existing investors Benchmark Capital, Carmel Ventures and DAG Ventures.

Rich media advertising company Crisp Media raised $6 million in growth capital from existing investors Meritage Funds and Intel Capital, along with EDBI, an investment firm headquartered in Singapore.

 

Digitalsmiths, provider of video search and discovery products, closed an oversubscribed $12.5 million expansion financing round led by Technicolor, with all existing investors participating.

Encoding.com, a video encoding service provider, raised a $2 million infusion from current investors, led by Metamorphic Ventures.

Evolv, a platform optimizing the hiring process, raised a $15.75 million Series C funding round led by GGV Capital with participation from existing investors Khosla Ventures and Lightspeed Venture Partners.

ExactTarget closed a $30 million round of financing led by Technology Crossover Ventures (TCV) with participation from existing investors, including Battery Ventures, Scale Venture Partners and Greenspring Associates.

Ideeli raised $41 million in Series C financing led by Next World Capital, with help from Cue Ball Capital and existing investors StarVest Partners, Constellation Growth Capital, and Kodiak Venture Partners.

Hotel information and search site Oyster.com received a $7.5 million investment from The Travel Channel, marking a new partnership that brings Oyster content to the TV network.

 

Babysitter and nanny service finder Sittercity raised $22.6 million in funding led by New World Ventures and Baird Venture Partners, with participation from Apex Venture Partners, I2A and Point Judith Capital.

Spiceworks closed a $25 million Series D round from new investors Adams Street Partners and Tenaya Capital and existing investors.

Jack Dorsey’s newest startup, electronic payments service Square, received an unspecified investment from Visa.

 

Online advertising network Visible Measures raised $7.7 million, according to an SEC filing.

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Ronny Kerr

I am a professional writer with a decade of experience in the technology industry. At VatorNews, I cover the zero-waste economy, venture capital, and cannabis. I'm also available for freelance hire.

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Giftiki

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Giftiki is defining a new social commerce platform with the development of its collaborative gifting engine.   It allows users to send small amounts of money that contributes to a collective fund, empowering the recipient to buy something they actually want.  Giftiki’s services expand beyond birthdays to any gifting situation- holidays, graduations, fundraising and weddings and baby showers.