Funding Roundup - weeking 10/4/13

Steven Loeb · October 4, 2013 · Short URL:

Varentec, Traxo, Netskope, Jemstep, Cohealo, ZoomCar, Numerify, Cigital, Leaf, MokiMobility, Algolia

Seed stage

Software testing platform Koality raised a $1.8 million seed round led by FF Angel. Also participating was Webb Investment Network, Index Ventures, Felicis Ventures and UJ Ventures, along with Kris Duggan, Raymond Tonsing and Tien Tzuo as well as a number of angel investors from Facebook, Quora and Palantir.

Omni-channel retail platform Tulip Retail raised a $2.4 million investment led by SoftTech. Founder Collective, BoxGroup, Lerer Ventures,iNovia, Promus Ventures, KIMA Ventures, Matt Mullenweg, the founders of Bufferbox, and Greg Kidd.

Narrative (formerly Memoto), a maker of a wearable camera, raised a funding of $3M in a round led by San Francisco-based True Ventures.

CardFlight, which enables developers to integrate in-person card payments into their own app, raised $1.6 million in seed-round funding, led by ff Venture Capital.

UpCounsel, an online workplace for businesses to find and hire attorneys, raised $1.5 million from Homebrew, Bobby Yazdani, SV Angel, Collaborative Fund, Haroon Mokhtarzada, and other angels. 

Reesio, a startup that provides real estate transaction management software to real estate agents, closed $1.096 million from Digital Garage, MicroVentures, Hiten Shah, and several other angels.

Tackk, which offers tools for creating content, raised $1.2 million in a round led by ff Venture Capital, with participation from Hatch Partners and Drummond Road Capital.

Food delivery service DoorDash raised a $2.4 million round led by Keith Rabois and Saar Gur.

Azimo, a digital service that gives consumers cheaper international money transfers, closed a $1 million seed-funding round from

Loom, which puts all its users photos and videos in the cloud, raised $1.4 million in seed funding from Google Ventures, Tencent, Great Oaks VC, Overbrook Entertainment and Damon Way.

Cohealo, a medical device company that has developed a set of technology tools to help hospitals fully utilize medical equipment, raised $750,000 from Romulus Capital, as well as several angel investors.

ZoomCar, a car rental company started in Bangalore, India, raised $1.6 million from Empire Angels. FundersClub, and other angel investors, also participated.

Algolia, which offers a SaaS search API for developer, raised $1.5 million in seed funding from Index Ventures, Point Nine Capital and Alven Capital. 

RocketBank, a Russian mobile-first banking startup, raised $2 million from Runa Capital.


Early stage

Personal travel organizer Traxo raised $4.2 million in a Series A round of funding from Advantage Capital Partners, Silver Creek Ventures, and Thayer Ventures.

Project management and collaboration software company Wrike raised $10 million in Series A funding from Bain Capital Ventures.

 Netskope, a cloud app analytics and policy company, raised $21 million in funding from The Social+Capital Partnership and Lightspeed Venture Partners.

Quantopian, a browser-based algorithmic trading platform, raised $6.7M in Series A financing from Khosla Ventures and Spark Capital. 

Publishing solution Madefire closed $5.2 million in Series A funding led by True Ventures, with participation from Anthem Venture Partners, Crosslink Ventures, Correlation Ventures and several notable angels, including Sina Tammadon, Bill Woodward, Richard Seet, and Gary Stiffelman.

Listia, a trading marketplace, raised$9 million Series A funding round led by General Catalyst.

Logentries, a cloud-based service provider for collecting and analyzing log data, closed $10 million in Series A financing from Polaris Partners, with participation from Floodgate, Frontline Ventures and RRE Ventures.

Love Home Swap, a home swap holiday service, raised £1.025 million in follow-on funding from MMC Ventures.

Jemstep, an online investment advisor, raised an additional $4.5 million in a follow-on to its Series A funding from existing investors  and Caleo Capital.

Business analytics company Numerify raised $8 million in Series A funding from Lightspeed Venture Partners. Frank Slootman, Amit Singh, Deep Nishar, James Ramsey and Abhay Parasnis also participated.

Leaf, creator of the LeafPresenter, a tablet specifically designed for commerce, closed $20 million in funding from Heartland Payment Systems.

MokiMobility, a cloud-based platform for managing mobile devices, raised $6.6 million from EPIC Ventures, Pelion Venture Partners and Allegis Capital, with participation from Plus550.


Late stage

Quixey, a search engine for apps, raised$50 million Series C round led by Alibaba Group. GGV Capital, Innovation Endeavors, TransLink Capital, US Venture Partnersm Atlantic Bridge and WI Harper.

Pursway, a provider of big data marketing analytics, closed a $7.2 million round of funding from Battery Ventures and Globespan Capital Partners. 

Skyscanner, a search engine technology company, raised new funding from Sequoia Capital. The amount was undisclosed, but was described as " one of the largest investments in any company Sequoia Capital has made to date."

Digital recruiting platform HireVue raised $25 million in funding. Sequoia Capital led the round with participation from Investor Growth Capital, Granite Ventures, Peterson Ventures and Rose Park Advisors.

Quri, a retail analytics and intelligence company, raised $10 million in a Series B funding round led by Matrix Partners with participation from Catamount Ventures and Simon Equity Partners.

Telogis, a platform for location intelligence, closed $93 million in institutional capital financing led by Kleiner Perkins Caufield & Byers.

SocialSafe, a social media back-up company, raised $1 million in funding from Marco Sodi, Knight Ventures and others. 

Social music discovery platform Soundrop has raised $3.4 million in funding, led by Northzone and Investinor.

Twitch, a video platform and community for gamers, raised a Series C $20 million investment led by Thrive Capital with participation from WestSummit Capital and Take-Two Interactive Software.

HelloFresh, an eCommerce service for cooking ingredients, raised $7.5 million in Series C funding from Phenomen VC. Vorwerk Ventures and Holtzbrinck Ventures also participated.

Varentec, a provider of power control solutions for the electric grid, closed $8 million in Series B funding from Bill Gates and Khosla Ventures.

Plenummedia, which provides a full suite of technology tools and services to help small and medium sized companies, raised $5 million from Seaya Ventures.

Database company MongoDB secured $150 million in financing, led T. Rowe Price, along with Altimeter Capital and, Intel Capital, NEA, Red Hat and Sequoia Capital.

Tabbedout, an app that allows consumers to pay their bar tab from a mobile phone, closed $7.75 million in Series B funding from NEA, Heartland Payment Systems and Morgan Creek Capital.

Cigital, a software security services and solutions, raised $50 million in equity investment led by LLR Partners.

Evolent Health, a provider of transformation solutions to health systems, secured $100 million in Series B financing  fromThe Advisory Board Company, UPMC Health Plan and TPG Growth.

Dataguise, a data security intelligence and protection solution, closed a $13 million Series B funding round led by Toba Capital with additional capital coming from the investment arm of a leading electronic conglomerate.

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Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies. Vinod was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Vinod has been labeled the #1 VC by Forbes and Fortune recently labeled him as one the nation's most influential ethanol advocates, noting "there are venture capitalists, and there's Vinod Khosla." Vinod Khosla founded the firm in 2004.



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Wrike Corporation is headquartered in Silicon Valley, California. Wrike is the leading provider of on-demand project management software for small and midsize companies. Wrike is operated by a strong team of dedicated professionals who deliver passionate supportâ„¢, application engineering and design, marketing and sales. Our stakeholders, employees and global partners share the commitment of helping companies worldwide to become more competitive by improving their project management practices with Wrike. We built Wrike with the understanding of how project management is executed in small and midsize businesses.

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Wrike Corporation began with an idea that the way people collaborate on their projects and the way they manage them can be improved. We know that keeping plans and information in dozens of disconnected files and using complex project management tools can be a real challenge. That is why we decided to create agile, online project management software. The software is easy to use and lets people keep everything in one place. We wanted it to combine the benefits of email communication, simple project planning and online file sharing. Later on, the original idea transformed into what now is known as Wrike, the one-of-a-kind project management software that helps you manage you business via email and the Web.

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Traxo is the world’s most advanced personal travel organizer.  

The free service automatically detects and aggregates travel information, including: itineraries, miles, points, and elite status, directly from over 200 different travel websites, and accepts travel confirmation emails from over 1,000 travel providers, organizing everything into a single, comprehensive travel dashboard  -- essentially a next-gen Tripit or for travel.  

Traxo users become part of a smart, savvy online travel community and are rewarded with rich and informed social travel experiences. Conceived by founders Andres Fabris, Andy Chen and Richard Pendergast, Traxo’s executive team is comprised of business veterans with years of industry experience at companies such as Sabre and Travelocity.

For more information, please visit 

Check out Splash NY Dec 2012 Winner, Traxo's presentation