Funding roundup - week ending 2/28/14

Steven Loeb · February 28, 2014 · Short URL:

Bitium, Skillshare, Piazza, ClearSlide, Snapdeal, Smarterer, Nok Nok Labs, Knox Payments, Credible

Seed stage

Photo-sharing app Kanvas, formerly Tracks, raised $1 million in seed funding from KEC Ventures, Scout Ventures, Dace Ventures, and others.

UK-based accelerator Ignite100 raised £700,000 from Northstar Ventures and Hotspur Capital. Angel investors Laurence Marlor, Jonathan Forster, Steve Pankhurst, Neil Hutchinson, Doug Scott, Duncan Jennings, Gerry Boon, and Simon Bichara also participated. 

Casper, developer and seller of a new type of mattress, raised a $1.6 million seed round led by Lerer Ventures, along with Norwest Venture Partners, Crosslink Partners, Vaizra Investments, and Correlation Ventures.

HackerEarth, a technical recruiting solutions for talent sourcing and skill assessment, received $500,000 in funding. Investors included Angelprime and GSF Superangels.

AdStage, a self-serve cross-network advertising platform, raised $1 million in seed funding from Digital Garage.

Crowdnetic, which operates the CrowdWatch market data platform, raised $1.6 million in seed funding from the Seraph Group. 

Knightscope, a startup specializing in robotics, raised a $1 million seed round from NTT DOCOMO Ventures and unnamed angel investors.

Little Borrowed Dress, which designs and makes bridesmaid dresses for rental, raised a seed round of $1.25 million. Investors include Index Ventures, a16z, Launch Capital, Neu Venture Capital, NYC Seed, Charles Smith, David Tisch, Rett Wallace and Joanne Wilson.

Dash, an app that lets customer pay their bar or restaurant tab via their smartphone, raised $1.2 million from New York Angels, Caerus Ventures, Jonathan Segal and Mike Germano. 

Knox Payments, which allows merchants to accept payments directly from their customer’s bank accounts, raised $900,000 from undisclosed, Virginia-based angel investors, 

Credible, a way for graduates to switch lenders and save on their student loans, closed a $500,000 seed round from Carthona Capital, Cthulhu Ventures, Orrick, Cap-Meridian Ventures, Simon Franks, Trevor Loewensohn, Mitch Zuklie and Peter Gammell.


Early Stage

Kahuna, which helps brands get their mobile houses in order, raised an $11 million Series A round from Sequoia Capital.

Collaborative Fund raised $33 million for its second fund, called Fund 2, from existing LPs, along with new investors Tom McMurray and Shepard Fairey.

If You Can Company, which uses gameplay to teach children social and emotional learning skills, raised $6.5 million from G reylock Partners, along with Almaz Capital and other investors.

Tuxedo and suit rental company Black Tux raised $2.6 million led by Lerer Ventures, along with First Round Capital, RRE, Founder Collective, Crosscut, Menlo Ventures, and Raine.

Spree Commerce, provider of an open-source software for online retailers, raised $5 million in Series A funding led by Thrive Capital. Vegas Tech Fund, Red Swan Ventures, True Ventures and AOL Ventures also participated.

Workboard, a provider of execution intelligence solutions for managers, closed $2.75 million in Series A financing led by Granite Ventures and Opus Capital. Crosslink and Shea Ventures also participated.

Bitium, an enterprise software company that provides app management, single sign-on and analytics for cloud-based apps, raised $6.5 million in Series A funding from Polaris Partners.

TVbeat, formerly Iptvbeat, a start-up that provides real-time television ratings, secured $2 million funding from Episode 1 and Credo Ventures.

Skillshare, a provider of community online classes, raised a $6 million round of financing co-led by Union Square Ventures and Spark Capital.


Late Stage

Piazza, the social learning platform for college students, raised an $8 million Seres B round led by Khosla Ventures, with help from Bessemer Venture Partners.

Distributed database technology company NuoDB raised $14.2 million from Dassault Systèmes, with help from Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners.

eCommera, which helps its retail clients improve their customer service experience, raised a Series C round of $41 million from Dawn Capital, West Coast Capital, Frog Capital, ePlanet Capital, WPP and Wti.

ZEFR, a software platform for brand and content management on YouTube, raised $30 million in funding led by Institutional Venture Partners. U.S. Venture Partners, Shasta Ventures, First Round Capital, and Richmond Park Partners also participated.

Tradeshift, an all-in-one e-business solution for companies, raised $75 million in its Series C funding from Scentan Ventures.

Cyber security company Shape Security raised $40 million in Series C funding led by Norwest Venture Partners, along with Kleiner Perkins, Venrock, Google Ventures, Eric Schmidt's TomorrowVentures, and Allegis Capital.

Same day delivery service Deliv raised $4.5 million from Simon Property Group, General Growth Properties, Macerich, Westfield, Upfront Ventures and RPM Ventures.

D.light, a designer and manufacturer of solar-powered lights, raised an $11 million Series C round led by DFJ, Omidyar Network and Nexus India Capital. 

SpareFoot, which operates an online marketplace for self-storage, raised $10 million in venture capital from Insight Venture Partners.

ClearSlide, a platform used by sales teams at large corporations, raised $50 million in Series C round of funding, led by Social+Capital Partnership, with Greylock Partners, Bessemer Venture Partners and Felicis Ventures also joining. 

Indian online marketplace Snapdeal raised $133.77 million in new funding from eBay.

Smarterer, a provider of skills assessment solutions, raised $1.6 million in funding from Rethink Education and Deborah Quazzo.

Nok Nok Labs, a provider of alternatives to passwords for ID authentication, raised $16.5 million in Series B funding from Lenovo Group Limited, DCM and ONSET Ventures. 

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Founded in 2009 and publicly launched in 2011, Piazza is a free online gathering place where students can ask and answer questions 24/7, under the guidance of their instructor. Anyone can create a class at to initiate class discussion. Students spend on average four hours a night on Piazza working together in real time with classmates and instructors to find the answers they need at the time they need them. Piazza is FERPA-compliant and used in hundreds of colleges and universities.



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AdStage is an all-in-one self-serve online advertising platform to manage Google, Bing, Facebook & LinkedIn ad campaigns in one place.

AdStage provides full management and analytics to create, edit and optimize campaigns across search, display, social and mobile ad networks. The platform also includes cross-network reporting, pre- & post-flight insights, conversion tracking, and an integrated app system to extend the platform's features with powerful apps for every aspect of paid marketing.

We’re making ad tech accessible for advertisers of all sizes and are providing all you need to build and optimize effective ad campaigns across multiple ad networks. 

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AdStage has been featured on Fast Company, TechCrunch,  The Huffington Post, VentureBeat, ClickZ and MANY more (



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eCommera is a cloud software business that combines big data analytics, commerce and order management platforms to deliver a next generation “Decision Intelligence solution” designed exclusively for retail. This allows retailers across the globe to sell across any channel, fulfil from any store or warehouse and to do so profitably. The business works with over 70 retailers and global brands across 32 countries. In 2013 eCommera added to its DynamicCommerce and DynamicAction product portfolio through the acquisition of OrderDynamics one of the leaders in Order Management software. Today eCommera has offices in Asia, Europe and North America.

Deliv, Inc.


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Company description: Deliv is a crowdsourced same-day delivery service for large national multichannel retailers. Deliv partners directly with retailers and prices same-day delivery the same, or lower, than standard delivery. In partnering directly with retailers, the Deliv “same-day delivery” button becomes a native part of the checkout experience.

Deliv drivers are made up of highly educated, experienced customer service and sales personnel. They are rated by customers and by Deliv’s operations team so the platform is able to prioritize the allocation of jobs to those with the highest ratings. 

Business model: By partnering directly with retailers, Deliv allows the retailer to retain their direct relationship with the customer.  Deliv believes in giving the customer, and retailer, the ultimate experience with easier purchase, superior delivery personnel and low prices. The Deliv “same-day delivery” button is integrated into the retailer’s checkout screen. The Deliv platform incorporates smart routing and full transparency including the ability for shoppers to watch their delivery on a map real time from pick up to their doorstep.

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2 Billion people in the world currently live without access to electricity. They rely on kerosene and candles for their lighting needs. These sources of light are expensive, hazardous and polluting. We believe that in an era of unprecedented technological growth, we can bring light, safety and prosperity to millions of hardworking households. We want to make kerosene lanterns a part of history, where they belong.

Tracks Media, Inc.


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Tracks is building the experience graph.  The Tracks mobile and web service that lets users effortlessly make micro-social networks around real world experiences. 'Tracks’ can be geo, temporal or last forever. Make tracks for a family cruise, football season, date nights, pub crawls, a year in college. Each track is a living social network based on thematic experiences in the real world. Tracks are framed around rich media and made over time and across locations. This lightweight concept lets users map fluid real world networks.

NuoDB, Inc.


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Everyday businesses face challenges with application deployments, maintaining business continuity and providing outstanding application performance. NuoDB leads the industry with a distributed database management system to solve these problems.

NuoDB provides scale-out performance, continuous availability and geo-distributed data management. It’s a single, logical database easily deployed in multiple locations simultaneously. This unique capability is unavailable in any other SQL product. 

Launched in 2010 by industry-renowned database architect Jim Starkey and accomplished software CEO Barry Morris, the company is based in Cambridge, MA.

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