The company will the money to expand its platform into Japan and BrazilRead more...
Healthy number of funding rounds in every category
drchrono closed an additional $650,000 in seed funding from prominent startup investor Yuri Milner, founder of DST Global, and venture capital firm General Catalyst.
Birchbox, which provides access to a high-end beauty subscription, closed a $10.5 million Series A round of funding led by Accel Partners.
Cinchcast, a service that allows businesses to create and share audio content, raised a $6 million round of Series B funding led by Guggenheim Partners.
Social stock market Empire Avenue locked in $1.2 million in funding led by Crosslink Capital, along with iNovia Capital and BioWare co-founders.
Kabbage, a provider of working capital for online merchants, secured $17 million in Series B funding, led by Mohr Davidow Ventures. Existing investors and several individuals also participated in the round.
peerTransfer, provider of global payment solutions for international education, closed a $7.5 million Series A financing round led by Spark Capital
QuickMobile, developer of mobile solutions for the meetings and events industries, secured $2.3 million in a combination of debt and equity from angel investors.
Allocade, provider of technology solutions to coordinate care in hospitals, has raised $3.2 million, according to an SEC filing published this week.
Brighter.com, an online consumer resource that makes quality dental care accessible and affordable for the millions of uninsured Americans, secured $8 million in Series B funding led by Benchmark Capital.
Buddy Media, provider of social media management software, raised $54 million in Series D funding from a group of leading late-stage investors.
GoodData, provider of a cloud business intelligence (BI) platform, closed $15 million in new venture financing, bringing the total raised to date to $28.5 million.
Socialware, provider of social media compliance and engagement, secured $7 million in Series C funding led by Morgan Stanley Expansion Capital.
Thought Equity Motion, provider of video platform and footage licensing services, closed a $25 million investment from Shamrock Capital Advisors.
China fashion e-tailer Xiu.com raised $100 million worth of joint funds from US private equity fund Warburg Pincus and venture capital KPCB China.
Zoove closed a $15 million round of Series D funding led by new investor Panorama Capital. Existing investors also participating in the round included: Cardinal Venture Capital, Highland Capital Partners, and Worldview Technology Partners.
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RelayRides is the world's first peer-to-peer carsharing service. Our revolutionary service provides the technology, infrastructure and marketplace for car owners to securely and conveniently rent out their vehicles when they are not using them personally. This provides people seeking convenient transportation with a new option, and makes it easier for urban dwellers to enjoy mobility without owning a car.
As the average US car is driven only 66 minutes a day, RelayRides represents the first opportunity for car owners to monetize this underused asset. By providing the infrastructure, technology and marketplace for car owners to rent out their vehicles, RelayRides gives current car owners the means to monetize a largely underused asset. By enrolling in RelayRides, owners turn a car from an expense into a cash machine, with average profit of approximately $3,550 annually (net of depreciation costs).
How RelayRides Works:
Car owners list their vehicle on the RelayRides website, designate availability, rental price, and who may rent the vehicle (via Facebook and other social networks). Car renters browse available vehicles on RelayRides.com, reserve a car by the hour or day, and swipe an issued card over a card reader sensor on the vehicle for access during rental.
To streamline the rental experience, gas and insurance are included.