Funding roundup - week ending 05/24/13

Steven Loeb · May 24, 2013 · Short URL:

Lyft, UpOut, Swivl,, Weemo, Mission Markets, Cubic Telecom, Adly, Imonomy, LoyalBlocks

Seed stage

Social local discovery service, UpOut raised $850,000 in seed funding from a number of Silicon Valley angels, including Sand Hill Angels and TEEC Angels.

Postmaster, provider of an API for shipping packages, raised $600,000 in a seed round led by Capital Factory, Cloud Power, and Zelkova Ventures.

Data API raised a seed investment round of $3 million led by True Ventures and joined by Frontline Ventures and Resonant Venture Partners.

Edtech startup popexpert raised $2 million in initial funding led by Learn Capital and including Jeff Skoll’s Capricorn Investment Group and Ken Howery.

Uncovet, a recommendation engine for indie designer clothing and accessories, raised $1.3 million from Javelin Venture Partners, Siemer Ventures, and L.A. angel investor Paige Craig.

Hampton Creek Foods, a food technology company specializing in the development of plant-based egg ingredientsclosed a $1 million round from Founders Fund.

Neverware, which provides a turnkey service that eliminates the need to replace desktop computers, closed a $1 million round from investors that include Thrive Capital, Khosla Ventures, General Catalyst, Collaborative Fund, and Nihal Mehta.

Runscope, which monitors API traffic and address the problems with broken APIs, raised $1.1 million in seed funding from True Ventures and Andreessen Horowitz. Also participating were Lerer Ventures, and a group of prominent angel investors.

Neurotrack, which is developing technology to diagnose the onset of Alzheimer’s Disease has raised a $90,000 round of seed funding from angel investors.

Swivl, the makers of a personal cameraman robotic video device, received a $500,000 investment from Grishin Robotics.

Imonomy, which scans the text from webpages and automatically fits relevant images to the written content, closed a $400,000 seed round from a group of angel investors, including Inon Axel, former CEO of Kasamba, Liron Rose, cofounder of AfterDownload, and Itai Levitan and Tal Shaked, partners at AfterDownload.

Israeli presentation startup Emaze raised $800,000 in seed funding from


Early stage

Urturn, a social platform for self-expression, completed$13.4 million fundraising round including a $10.7m investment by Balderton Capital. 

Numbrs, a mobile-first banking app, raised 7.5 million Swiss francs ($7.7 million) from its parent company Centralway.

ConsultingMD, which connects people to the leading experts from the top medical institutions raised a $10 million round of funding from Venrock.

HasOffers, which provides white-labeled software for ad networks and egencies, raised $9.4 million. The round was led by Accel Partners and included participation by Seattle investors Rob Glaser and Chris DeVore.

Sensopia, which can automatically measure, draw and publish a floor plan with “MagicPlan” app raised a $1.2 million Series A round from Partech International, Tekton Ventures, Normandy Ventures, and other private investors.

Remote Medical, which provides remote medical care to companies, military personell, research teams, law enforcement groups and individuals in remote places, raised $8 million Columbia Pacific, a firm that owns 23 hospitals across Asia.

Social petition service has raised $15 million in an investment round led by Omidyar Network.

 Video collaboration tool Weemo raised a $3 million investment from European private equity firm Idinvest Partners.

Mission Markets raised an additional $1.5 million in a Series A2 round led by social entrepreneur James Lee Sorenson. Other investors in the round include Jarrett Lilien, Sarah Johnson Redlich, and Robert J. Caruso.

LoyalBlocks, a loyalty marketing solution for small businesses, raised a $9 million Series A investment led by General Catalyst Partners with participation from Founder Collective and existing investor Gemini Israel Ventures.


Late stage

Skyhigh Networks, a cloud visibility and control company, received $20 million in Series B financing. The lead investor was Sequoia Capital. Greylock Partners, an existing investor, also participated in the round.

Cloudscaling, an elastic cloud company, closed its Series B funding. The funding came from Trinity Ventures and two new investors, Juniper Networks and Seagate.

Southeast Asian e-commerce site Zalora raised $100 million, led by Rocket Internet, along with Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group.

Payment marketing startup Swipely raised $12 million in Series B funding led by Shasta Ventures, with participation from First Round Capital, Greylock Partners, and Index Ventures.

Brightpearl, a software-as-a-service company that integrates orders, inventory, and customer data, raised $8 million in Series B funding. The round was co-led by seed investors Eden Ventures and Notion Capital.

Alteryx, a provider of data analytics, raised $12 million in funding from Toba Capital and existing investor SAP Ventures. 

Singapore-based designer brand flash-sales site Reebonz raised $40 million from MediaCorp.

LOYAL3, a fee-free investing company, raised $18 million in Series C financing. DNS-L3 led the round, while additional investors included Chris Kelly, former Chief Privacy Officer of Facebook, and Barry Schneider, Chairman & CEO of LOYAL3.

Adly, which connects advertisers with celebrities willing to post promoted messages on social networks, raised $2 million in funding from GRP Partners and Siemer Ventures.

Car-sharing service Lyft raised$60 million Series C round of financing led by Andreessen Horowitz.

Enterprise data management startup WibiData raised $15 million in a Series B funding round led by Canaan Partners with participation from existing investors like NEA and Google Chairman Eric Schmidt.

Messaging network raised$13 million Series B round led by co-founder and angel investor Georges Harik.

Mobile communications company Cubic Telecom raised $5.2 million in funding from Enterprise Ireland, Qualcomm Incorporated, ACT Venture Capital and TPS Investments.

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Postmaster simplifies and optimizes the small package shipping process, and takes the pain out of integrating with carriers like FedEx, UPS, USPS, Canada Post, and regional carriers. An intelligent, cloud-based platform for SMBs and eCommerce companies, its simple REST API saves time and money throughout the lifecycle of shipping by providing businesses with real-time shipping cost prediction, intelligent routing and service level optimization, detailed shipment tracking, powerful reporting and auditing tools and more. Postmaster is a TechStars Cloud company based in Austin, TX and was founded in 2012.




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