Funding roundup - week ending 3/14/04

Steven Loeb · March 14, 2014 · Short URL:

Secret, Klutch, Credit Karma, Smart Sparrow, Xapo, Premise, Banjo, Shareight, SiNode, MuleSoft

Seed stage

Webflow, a hosted platform that allows web designers to create responsive websites, raised $1.5 million in seed funding from Khosla Ventures, Draper Assoicates, various angels, and Y Combinator. 

Flypay, a app that lets customers pay restaurant checks from their smartphones, raised £1 million in funding from Entreé Capital,

Ulmon, the travel app developer behind the CityMaps2Go apps, raised an undisclosed amount of seed funding from Global Founders Capital.

Drifty, the maker of a suite of tools for mobile developers building apps and websites, raised $1 million in seed funding from Arthur Ventures.

TaxJar, a provider of tax management services for online retailers, raised $600,000 in seed funding. Investors included Dan Rose, Harris Barton and Roy Rubin.

Cloud 66, which allows developers to deploy and start managing Ruby on Rails apps on any major cloud environment, raised a $500,000 seed round. Investors include Kima Ventures, Firestartr, Jason Seats, Christian Thaler-Wolski, Andy McLoughlin and Anil Hansjee. 

M-commerce platform Shareight raised £600,000 ($1,000,000) from over 240 investors on the Seedrs platform.

SiNode Systems, which is working on technology to boost battery performance, raised an undisclosed amount of funding from Energy Foundry.

Klutch, a group scheduling app, raised $1.5 million in seed funding from LaunchpadLA. 


Early stage

Trulioo, a provider of identity verification solutions, closed $6 million in a Series A financing led by Tenfore Holdings, with participation from BDC Venture Capital and Blumberg Capital. 

Tipbit, an app that brings contextual search to mobile email, closed a Series A round of $4 million led by Ignition Partners.

Finnish games company Next Games raised a $6 million round co-led by IDG Ventures and Jari Ovaskainen. Lowercase Capital also participated.

Azimo, a low-cost digital money transfer startup, closed a $10 million series A funding round led by Greycroft Partners. Frontier Investments Group, eVentures, TA Ventures, RI Digital Ventures and KRW Schindler Investments also participated.

Global online money transfer service WorldRemit closed a $40 million investment from Accel Partners.

French last-minute hotel app VeryLastRoom raised $2.1 million (€1.5 million) from VC APlusFinance, Extend and Sigma Gestion.

Niara, a stealth enterprise security company, raised $9 million in funding from Index and NEA.

Venture capital firm Metamorphic Ventures closed its second fund, coming in just shy of $70 million.

Business intelligence company DataRPM raised $5.1 million in a funding round led by InterWest Partners and with CIT GAP Fund also participating. 

Drive.SG, a Singaporean car rental portal, raised a SGD $1 million ($790,000) Series A from Insas Berhad.

Omniata, a unified digital platform, raised a $5.2 million Series A round led by Creandum, with participation from Sigma West.

L2, a provider of market research to consumer brands, raised $16.5 million from General Catalyst Partners.

Advertising platform Adbrain closed $7.5 million in Series A funding. Octopus Investments led the round with participation from Notion Capital.

Xapo, which manages bitcoins for large institutional clients, raised $20 million from Benchmark Capital and Fortress Investment Group, among others.

Layer3 TV, which calls itself "a next generation cable provider," raised a $21 million round led by North Bridge Venture Partners and Evolution Media Growth Partners.

Anonymous social sharing startup Secret raised an $8.6 million Series A round from Garry Tan, Alexis Ohanian, MG Siegler, Bing Gordon, Megan Quinn, Chris Howard, Brad Silverberg, Vivi Nevo, SV Angel, Ashton Kutcher, David Sacks, Bill Lee, Pete Cashmore, Joe Montana, Rob Wiesenthal, Andrew Chen, and several other individuals.

Analytics Engines, a provider of business and application data, raised£1 million ($1.6 million) funding round from undisclosed investors.

Whisper, an anonymous sharing app, raised $30 million in a round led by Shasta Ventures, with Thrive Capital and Tencent participating. 

Chinese travel website ByeCity raised $20 million from Alibaba Group and CBC Capital.


Late stage

Personal finance platform Credit Karma raised an $85 million round led by Google Capital, with help from Tiger Global, Ribbit Capital and Susquehanna Growth Equity., an online community that connects dog owners with approved and reviewed in-home dog sitters, raised $12 million in Series C funding. Menlo Ventures led the round, along with Madrona Venture Group, Foundry Group and Petco.

Indian online classifieds site Quikr raised $90 million from a group of investors led by Sweden’s Kinnevik. 

Alibaba took a 60% stake in TV and film producer ChinaVision Media Group for HKD $6.24 billion ($804 million).

PatientSafe Solutions, a provider of smart point-of-care mobile solutions for healthcare, raised $3 million from TELUS Ventures.

BrightBytes, an educational analytics organization, closed $15 million in a Series B funding round led by Bessemer Venture Partners, with participation from Rethink Education and Learn Capital.

Gaming video site Machinima raised $18 million from Warner Bros. Entertainment, with MK Capital, Redpoint Ventures, and Google Capital also participating.

Adaptive learning platform Smart Sparrow raised a $10 million round of funding led by Yellow Brick Capital, along with One Ventures and Uniseed.

Premise, a global network that tracks macroeconomic and human development trends in real time, closed an $11 million Series B funding round led by The Social+Capital Partnership, with participation from Google Ventures, Harrison Metal and Bowery Capital.

Banjo, a service that allows users to experience breaking news and live events in real time, completed a $16 million Series B round of financing. Balderton Capital led the round with participation from BlueRun Ventures and Vegas Tech Fund.

MuleSoft, a company that makes it easy to connect applications, data and devices, raised $50 million led by NEA, Lightspeed Venture Partners and Meritech Capital Partners. Cisco,, SAP Ventures, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners also participated.

Synthesio, a global social intelligence platform, raised a $20 million round from Idinvest Partners.

Self-service ticketing platform Eventbrite raised $60  from Tiger Global Management and T. Rowe Price.

Acorns, a micro-investing mobile platform, made public it raised $8.3 million, including a $5.5 million Series B round, led by Jacobs Asset Management.

Tencent took a 15% stake in Chinese online direct sales company for a total of $214.7 million.

Credit Karma

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