Funding roundup - week ending 03/1/13

Steven Loeb · March 1, 2013 · Short URL:

Getable, Thinkful, Rabbit and Red Hot Labs among those that raised money


Video chat app Rabbit raised $3.3 million in a seed round from Google Ventures, CrunchFund, and Bebo founder Michael Birch, in addition to existing angel investors.

Online education startup Thinkful raised $1 million in seed funding from RRE Ventures, Quotidian Ventures, Peter Thiel’s FF Angel, and others.

Mobile gaming startup Red Hot Labs raised $1.5 million in seed funding. Investors include Andreessen Horowitz, Greylock Partners, SV Angel, General Catalyst Partners, Japan’s IT-Farm and private individuals.

Snaptee, an app that lets users put photos onto a t-shirt, raised $600,000 in funding from Yat Siu from game developers Outblaze and Animoca, Chris Lee from 6waves, Mikaal Abdulla from 8 Securities, Singapore-based angel investor Emanuel R. Breiter, and Hong Kong-based investor Tytus Michalski of Fresco Capital.

JethroData, a Hadoop analytic database company, announced it closed a $4.5 million round led by Pitango Venture Capital.

Text analytics startup Synapsify raised $600,000 in seed funding which included a strategic investment from ICG Ventures Inc., an Ingram Content Group company. Other investors in the Company include Fortify Ventures, Middleland Capital and a select group of angel investors.

SaaS-based web service vidIQ raised $800,000 in funding from Mark Cuban, David Cohen, Scott Banister, Peter Weck, Tod Sacerdoti, Don Hutchison, Jared Kopf, Jason Seats, William Lohse, Savan Devani, Shriraj Gaglani, and I/O Ventures.

CircleCI, a continuous integration platform for web application developers, raised $1.5M in seed funding from a group of individual investors. The investors participating include original Heroku founders,  SV Angel, 500 Startups, Hiten Shah from Kissmetrics, Jason Seats, and Eric Ries.


Online rental marketplace Getable closed a $1.8 million financing round. Investors include Andreessen Horowitz, Founder Collective,Promus Ventures and Chris Sacca of Lowercase Capital.

Personal shopping platform Stitch Fix announced the closing of its $4.75 million Series A funding round led by Baseline Ventures and Lightspeed Venture Partners, with participation from Western Technology Investment.

Social calendar app UpTo raised $1.5 million in second round funding from Detroit Venture Partners and Ludlow Ventures. 


Plastiq, an online payments solution provider, closed a $6M round of Series A round led by Atlas Venture and Flybridge Capital Partners. Previous investors NextView Ventures and Greenoaks Capital Management also participated, alongside angel investors including Harvey Golub.

Kickboard, a web-based school analytics platform, announced that it received $2 million in Series A funding led by New Markets Venture Partners and Two Sigma Ventures, with participation from several angel investors.

Codenvy, a  cloud environment for coding, building, and testing apps, closed a $9 million Series A round led by Toba Capital, with Auriga Partners and a number of angels participating.

AirWatch, a mobile device security business, closed a $200 million Series A investment led by Insight Venture Partners.


uBank, a mobile payment service that currently targets Russia and the wider CIS region, raised $8 million from Runa Capital.


Julep Beauty, a cosmetics brand and e-commerce platform, raised $10.3 million in Series B funding led by Andreessen Horowitz, Western Technology Investments, and Version One Ventures. Previous investors Maveron, Troy Carter; and Precedent Investments also participated in the round.

STELLAServicea provider of customer service ratings for online retailers, raised $15 million in a Series B round led by Norwest Venture Partners, and including existing investors Battery Ventures, DFJ Gotham Ventures, RRE Ventures and Forerunner Ventures. 

Data storage software company Nexenta secured $24 million in Series D financing led by new investor Four Rivers Group, with participation by existing Nexenta investors Menlo Ventures, TransLink Capital, Javelin Ventures, Sierra Ventures, Razor’s Edge Ventures, and West Summit Capital. New strategic investors Presidio Ventures and UMC Capital participated.

Wireless network solutions provider Altobridge announced that Intel Capital and IFC (International Finance Corporation) made a follow-on investment of $ 7.8 million in the company.

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Meet your mobile toolbox. Getable is like a remote control for equipment management. We let construction professionals order and manage equipment from their smartphone. We let rental providers increase overall utilization of their assets. The company serves the tool & equipment rental industry, a $32B space that is projected to grow to $46B by 2016.


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