Funding Roundup


Funding roundup - week ending 2/7/14

UXPin, Netflix, Foursquare, Localytics, PicHit.Me, Remind101, Wisembly, DataRank, Flashnotes, Asseta

Innovation series by Steven Loeb
February 7, 2014
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Seed stage

Apportable, a startup that helps app developers convert their iOS apps to Android, raised a seed round of $5 million, led Danhua Capital, along with other investors.

Celery, the “pre-commerce” store builder for online and mobile shopping, raised $2 million in seed funding from Y Combinator, SV Angel, Max Levchin and other top investors. 

Citelighter, a virtual highlighter that automates the research and paper writing process, raised $1.5 million from New York Angels, Blu Venture Investors, the EdTechFund, Baltimore Angels, as well as individual investors including Frank Bonsal, Jr., Ed Hajim and David Warnocke.

FarFaria, a children’s subscription book service for the iPad, raised $3.25 million in Series A funding from Inventus Capital Partners.

Confide, a provider of off-the-record professional communication to the digital world, closed $1.9 million in seed financing led by WGI Group. Other participants include Google Ventures, First Round Capital, SV Angel, Lerer Ventures, CrunchFund, Lakestar, Marker, BoxGroup, Jeremy Stoppelman, Doug Ellin and Billy Bush.

Social media analytics dashboard DataRank closed $1.4 million in seed funding. The funding is led by New Road Ventures, and also includes participation from FundersClub and other angel investors.

Flashnotes, an online marketplace where students can buy and sell class study material, raised a $3.6 million Series A round of funding led by Stage 1 Ventures, with Runa Capital, Soft Bank Capital and Atlas Venture participating.

Asseta, a B2B marketplace for used manufacturing equipment, raised a seed round of $535,000. Investors included Ace & Company, Beenos Partners, Matt Huang, and others, as well as help from the WeFunder and AngelList crowdfunding platforms.

Klinify, a document management system for private medical clinics, closed a S$770,000 ($604,000) seed funding round led by Jungle Ventures, along with angel investors from the medical industry in Singapore.

Xola, a solution for service providers to manage reservations and payments, raised just over $1.8 million from investors like Michael Burry, Scott Crosby, Brett Crosby, StartX, Bee Partners, WI Harper, TEEC super angel fund, early Facebook engineer Peter Kravtsov, PARSA co-founder Noosheen Hasemi and former CTO of Yahoo Farzad Nazem, to name a few.

Online flower delivery service Bloomthat raised $2 million in seed funding. Backers include SV Angel, Ashton Kutcher and Guy Oseary’s A-Grade Investments, Joe Montana, Alexis Ohanian, Garry Tan, Ron Rofe, Oliver Jung and Baron Davis.

Datamolino, a platform for SMEs, raised €500,000 ($680K) in seed funding from Slovak Innovations and Technologies Fund.

Whirlscape creator of smart keyboard Minuum secured $500,000 in seed funding from Y Combinator, FundersClub, BDC Venture Capital and more.

Crowdfunding platform Crowdfunder raised $1 million in seed funding from 500 Startups / 500 Mexico, Rob Nail, K5 Ventures, Ben Goldhirsh, Sharon Chang, a Banamex Director, and other U.S. and Latin American individual investors.

Online design tool UXPin raised a $1.6 million funding round led by Freestyle Capital, with participation from Andreessen Horowitz and IDG Ventures.

Career site The Muse raised a $1 million seed round today fromTyra Banks, Alexis Ohanian, Dan Rosensweig, Sallie Krawcheck, Chris Herrmannsen, Tracy Brennan, Mike Walsh, Ruth Ann and Bill Harnisch, Anjula Acharia Bath, Gordon Crawford and WGI Group.

OneFold, a mobile and wearable data focused analytics and visualization platform, raised a seed round of $400,000 in funding from Studio 9+ and a pool of angel investors. 

CashBet, a platform provider enabling real-money online gambling in social and mobile games, received $1.7 million in financing led by Fred Hsu and other prominent angel investors.


Early stage

Easy Social Shop, which lets online sellers integrate existing shops with their Facebook pages, raised $1.1 million from lool Ventures.

Social fashion platform Motilo raised $2.5 million from a group of private, U.K.-based investors.

Intelligent search and data visualizatiom company ThoughtSpot raised a $10.7 million Series A from Lightspeed Venture Partners and angel investors Frank Slootman, Lane Bess, Steve Sommer, and Sudheesh Nair.

TrackMaven, a competitive intelligence platform for enterprise marketers, closed a $6.5 million round led by New Enterprise Associates with participation from Bowery Capital and Acceleprise Ventures.

Apartment search engine Apartment List raised $6 million in funding, led by Glynn Capital and Passport Capital. Other investors in the round included Shervin Pishevar, Scott Stanford, Sam Shank, Rick Marini, Aayush Phumbhra, Rony Kahan, Lee Linden, Ethan Anderson and Rothenberg Ventures.

Dude Solutions, the company behind  SchoolDude, a provider of maintenance and operations software for educational institutions, received a $100 million growth investment from an affiliate of Warburg Pincus.

Website building platform BaseKit raised £4.5 million in funding. The round was led by Angel CoFund, with participation from Eden Ventures, NESTA and Nauta Capital.

Crowdsourced photo marketplace startup PicHit.Me raised a $3 million early expansion funding round led by Almi Invest.

Wisembly, a solution that allows users to prepare and monitor their meetings, raised $2 million (€1.5 million) from Alven Capital.

Jack Erwin, an e-commerce platform for upper-end male shoes, secured$2 million Series A funding round led by Crosslink Capital, with additional participation by Shasta Ventures and Menlo Ventures.

Birdback, a “card linking” platform that links online to offline offers, raised$2.4 million round of funding led by Passion Capital, with participation from Paul Nikkel, Luke Johnson, Playfair Capital and #1seed.

Fundera, an online marketplace for small business loans, raised $3.4 million in funding from Khosla, First Round Capital, Lerer Ventures, SV Angel, and various angel investors including Strauss Zelnick, Rob Wiesenthal, David Rosenblatt, and David Tisch. 

CircleCI, which provides tools that allow development teams to deliver features faster, closed a $6 million funding round led by Draper Fisher Jurvetson.

Document management platform Docurated closed a $3.75 million Series A financing round led by Rogers Venture Partners.

Stealth startup Magic Leap raised $50 million in Series A funding from undisclosed investors. 

Car Loan 4U, an online car finance specialist, raised an £8 million investment from Scottish Equity Partners.

Health and wellness app Noom raised a $7 million in a Series A round that was led by RRE Ventures.

Legal search provider Ravel Law raised Series A funding led by New Enterprise Associates and North Bridge Venture Partners, with support from The Experiment Fund and Work-Bench.

Social discovery app Mbrace raised a seven-figure funding round from Paua Ventures, IBB Beteiligungsgesellechaft, Astutia and multiple business angels.


Late stage

Online check-in service Foursquare raised an additional $15 million in funding from Microsoft. 

Video streaming service Netflix is raising $400 million in debt via an offering of senior notes.

FoodPanda, Rocket Internet’s global food ordering service, raised $20 million round from a group of investors including existing investor Phenomen Ventures.

Interactive ad technology company Jivox raised $5.8 million in Series C funding. Fortisure Ventures led the round, with participation by Shah Capital, Diaz Nesamoney, Opus Capital and Helion Advisors.

Domo, a SaaS business intelligence startup, raised $125 million in a round led by TPG Growth., T. Rowe Price, Fidelity Investments, Morgan Stanley, Viking Ventures, Dragoneer Investment Group, GGV Capital, Greylock Partners, IVP and Mercato Partners also participated.

Tapingo, a mobile food ordering platform that focuses on college campuses, received $10.5 million in Series B funding. Khosla Ventures led the round with participation from Carmel Ventures.

Customer success and user engagement management company Totango raised $15.5 million in Series B financing led by Canvas Venture Fund and InterWest Partners, with participation from Pitango Venture Capital and Gemini Israel Ventures. 

VC firm Draper Fisher Jurvetson closed its early-stage-focused Fund XI on $325 million from a mix of existing and new investors into the fund, including the San Francisco Employees’ Retirement System.

Video news startup Watchup raised $1 million. Investors include Microsoft Ventures, Stanford-StartX, the Knight Foundation, Campus Televideo founder Ned Lamont, Tom Yellin and Gerry McIntyre.

Live event merchandise management company atVenu $1.1 million of venture capital financing.  The round was lead by Real Ventures of Montreal and included private investors from the US and Canada.

Primus Power, a provider of grid-scale electrical energy storage, secured $20 million in a round led by Anglo American Platinum.

In-app video advertising platform Vungle raised $17 million in Series B funding. The round was led by Thomvest Ventures with participation from Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network.

Verified mobile phone community app Truecaller raised $18.8 million in Series B funding in a round led by Sequoia Capital, with participation from Open Ocean, Truecaller Chairman Stefan Lennhammer, and a private investor who the company says :is known for his high profile Silicon Valley investments."

Cash-payment service PayNearMe raised $20 million in a round led by GSV Capital, with help from August Capital, Khosla Ventures, Maveron and True Ventures.

AtTask, a Software-as-a-Service (SaaS) enterprise work management solution,raised $38 million. The round was led by JMI Equity.

Localytics, provider of an analytics and marketing platform for mobile and web apps, raised $16 million in Series C financing led by Foundation Capital. Polaris Partners also participated in this round.

Remind101, a free communication platform built for teachers, raised $15 million in Series B financing led by Kleiner Perkins Caulfield & Byers.

Descomplica, an online education platform for the Brazilian market, raised $5 million in Series B financing led by The Social+Capital Partnership. Valar Ventures, Valor Capital Group, 500 Startups, and a number of angel investors also participated. 

Brazilian food delivery service iFood raised $2 million in new funding. The round was led by Movile.

Elementum, an enterprise software startup, raised a $44 million Series B round of funding from Lightspeed Venture Partners and Flextronics. 

TeamSnap, a service that helps in the management of sports teams and activities, raised $7.5 million Series B investment led by Foundry Group. Torstar, Trinity Ventures, Toba Capital and Harris Barton also participated.

Spiceworks, aprofessional network for IT, closed a $57 million Series E round of funding led by Goldman Sachs with participation from existing investors.

Related companies, investors and entrepreneurs

Description: is the worldwide leader in on-demand customer relationship management (CRM) services. More companies trust their vital cus...
Apartment List
Description: Apartment List is the fastest-growing online rental marketplace, and we’re on a mission to help everyone find a home they love whil...
Description: PayNearMe combines a modified cash load network with an application technology platform so that consumers without credit or debit cards&m...
Description: Spiceworks is the first ad-supported IT management application. Specifically designed for SMBs, Spiceworks provides the everyday feature...
Description: Apportable enables developers to build brilliant mobile apps at top speed, without compromising quality or performance. The Apportable...
Bio: Rick is a serial entrepreneur and pioneer in social media. He is the co-Founder & Managing Partner at Dragonfly Ventures.

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