Funding roundup - week ending 6/6/14

Steven Loeb · June 6, 2014 · Short URL:

Uber, Yext, Profitero, True Ventures, Flaregames, Super Evil Megacorp, Savo, Urban Remedy, Triblio

Seed stage

Online editing service Writepath raised a $525,000 seed round led by B Dash Ventures, alon with Pinehurst Advisors, Jamie Lin, Jackie Chang, Bernard Chan and other angel investors.

Booster Pack, a new mobile game company, raised $1,475,000 in funding from Cyberworld Studios, Ariel Star Group, and Kathrein Ventures.

Dinner Lab, which calls itself a "social dining experiment that unites undiscovered chefs with adventurous diners," raised $2.1 million in a seed round led by Dr. John B. Elstrott, along with other angel investors.

Personalised travel startup Nezasa raised an $800,000 round of funding from an unnamed family office, various business angels and existing investors.

Radio Physics Solutions, makers of a security scanner that’s able to detect plastic firearms made with a 3D printer, raised £700,000 from equity crowdfunding platform SyndicateRoom. 

Formisimo, an online form analytics startup, raised a £350,000 seed round from North West Fund, two unnamed London angel investors, and Seedcamp.

Appointment scheduling platform YellowSchedule raised €600,000 from various angel investors, along with Enterprise Ireland.

Software security startup CyberX raised $2 million in seed funding in a round led by Glilot Capital Partners with participation from Swarth Group, GlenRock, and Gigi Levy-Weiss.

Triblio, a content marketing startup, raised $3.4 million in seed funding led by Longworth Venture Partners and Kepha Partners. 

Online photography start-up ImageBrief raised $750,000 in funding from Great Oaks Venture Capital.


Early stage

Octro, maker of digital versions of popular classic games, raised $15 million from Sequoia Capital.

Lima, maker of a device that stores all of a person's content from their mobile device, raised $2.5 million in a Series A round from Partech Ventures.

Big data security analytics company Fortscale raised $10 million in funding led by Intel Capital and Blumberg Capital. Existing investors, including the Swarth Group, also participated.

Marketing performance management company Allocadia raised a $7 million Series A round led by Altos Ventures and iNovia. Additional participants include Illuminate Ventures, Beehive Holdings, Don Mattrick and Norm Francis.

Alternative investing startup Wikifolio raised a €6 million funding round led by Speedinvest. VHB Ventures, Lang & Schwarz, Michael Grabner Media, and Michael Altrichter, as well as a number of private investors, including Jörg Flöck, also participated. 

Profitero, a SaaS provider of online insights and eCommerce intelligence for retailers and brands, raised $8 million from Polaris Partners. 

German mobile game startup Flaregames raised $12.2 million in funding from Accel Partners and T-Venture.

Tablet gaming startup Super Evil Megacorp raied $15 million from General Catalyst, Raine Ventures, Signia Venture Partners, CrossCut Ventures, Initial Capital, ZhenFund, and other angel investors.

SAVO Group, a provider of sales productivity solutions, raised a $35 million venture funding round led by Goldman Sachs, with Sterling Partners and SAP Ventures also participating. 

Organic juice and snack delivery company Urban Remedy raised $5 million in Series A funding roind led by Venture51, with participation from Science, Inc.

High-end genomics company MedGenome raised $4 million in Series A funding from Papillon Capital and Emerge Venture.


Late stage

Local marketing platform Yext raised $50 million from Insight Venture Partners, Marker LLC, Institutional Venture Partners (IVP), and Sutter Hill Ventures.

Home decor and design website Houzz raised $150 million in funding from undisclosed investors. 

Kobalt Music Group, an independent music publisher and music services company, raised $140 million, from Balderton Capital, MSD Capital and other undisclosed investors. 

Gild, a talent acquisition software company, raised $13.5 million in a Series B round led by Menlo Ventures.  Draper Nexus, Steve Anderson, Globespan Capital Partners, SAP Ventures, Correlation Ventures, and Mark Kvamme also participated. 

Marketing platform MediaMath raised a $73.5 million Series C financing round led by Spring Lake Equity Partners. 

Human resources software company Zenefits raised $66.5 million from Andreessen Horowitz and Institutional Venture Partners. SV Angel, Hydrazine Capital, Elad Gil and Jared Leto also participated. 

Venture capital firm Romulus Capital raised $50 million for its second seed fund from a group of individual investors from the US, Western Europe, Russia, South Asia, the Middle East, and Hong Kong.

Digital marketing software company Offerpop raised a $15 million Series C round led by Edison Ventures, along with Hearst Ventures,, Windcrest Partners, CommonAngels and Mesco Ltd.

App performance management company AppDynamics raised $50 million in the form of mezzanine term financing and a revolving line of credit from Silicon Valley Bank.

Concurrent, an enterprise data application platform company, raised $10 million in Series B funding from Bain Capital Ventures, with participation from Rembrandt Ventures and True Ventures. 

Open source distributed search engine Elasticsearch raised $70 million in Series C financing from New Enterprise Associates, with participation from Benchmark Capital and Index Ventures. 

Online package shipping marketplace startup PackLink raised $9 million in Series B funding, led by Accel Partners with Active Venture Partners also participating.

Early-stage venture capital firm True Ventures raised $290 million for its fourth fund, True Ventures IV.

Yieldbot, a provider of real-time consumer intent to digital marketers, raised an $18 million round of funding led by by SJF Ventures with participation from RRE Ventures, New Atlantic Ventures and Common Angels, with additional funding from City National Bank.

Revolution Foods, which delivers healthy meals and nutrition education for schools, raised $30 million from  Revolution Growth. 

Dayima, a Chinese app for period-tracking and women’s health in general, raised $30 million from Sequoia Capital China, Ceyuan Ventures, and Bertelsmann Asia Investments.

Infrascale, a cloud-based data protection solution, raised $16.3 million in its Series B round of funding, led by Carrick Capital Partners.

Montage, a provider of purpose-built video interviewing technology raised a $6 million Series C financing round led by Beringea, along with Baird Capital, GCI and Calumet Venture Fund.

Altair Semiconductor, a developer of LTE chipsets, raised $25 million led by Jerusalem Global Ventures.

On-demand ride-hailing service Uber raised $1.2 billion from institutional investors, mutual funds, private equity and venture capital partners.

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True Ventures

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True is a venture firm for early stage entrepreneurs. Founders of high growth companies deserve partners with experience, creativity and strength in the earliest days of company growth. Our team has directly founded over half a dozen startups and has over forty years of successful venture capital experience. We like to put that experience to work for our entrepreneurs.



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Founded in 2006, Yext is the next Yellow Pages, offering superior local services to users, advertisers and publishers. Nearly 20,000 customers are now connected to Yext Calls, the company's flagship advertising service that sends local businesses pay-per-action phone calls. Dozens of leading publishers have installed Yext Numbers, the company's local search monetization system. Yext is fanatically focused on perfecting the local advertising experience, an enormous unsolved problem with incredible potential.

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Our mission is to produce the best local search results everywhere.

"The Local Search Problem"

Today, people use hundreds of different sources for local information. If you wanted to find a spa, you might check Google, Yahoo!, Bing,, Yelp, MapQuest, TomTom Navigation, Foursquare and that's just the beginning. To provide you with this information, each of these local search tools has its own database that stores basic listing data like business name, address, and phone number, and enhanced information like pictures, descriptions, promotions and more. Since each source has its own database, there are 100s of databases of local information out there. But the problem is, they are totally disconnected, and whenever data changes, they quickly fall out of sync. In fact, on average, 6% of listings change each month, and the end result is that more than 20% of local search return factually incomplete information to end users. The end result is very frustrating for businesses and users.

Everybody Wins with Yext PowerListings

Yext PowerListings solves this huge problem by centralizing local search results across all those different sites with one system. It lets large and small businesses centrally control information across platforms, producing the best local search results for users everywhere. PowerListings helps businesses appear in the most possible local searches withguaranteed presence, stand out and look great with enhanced content like photos, descriptions, and real-time promotions in their listings, and track it all with full analytics. PowerListings is the only system with any of these features, and the results are awesome.

The PowerListings model is a "triple win" for businesses, publishers and users. Businesses get the most out of local search, publishers get compensated to accept great content, and users get the best information. Everybody wins.

Over 30,000 businesses use PowerListings to get the most out of local search every day.

Learn about our PowerListings Network, our state-of-the art network that updates information at blazing speeds.
Learn more about how PowerListings can help your small business get the most out of local search.
Learn more about how PowerListings can help your brand get the most out of local search.

Our Values

We think big, we learn fast – and we get stuff done. We are powered by an incredibly talented group of employees who work to produce the best local search information everywhere.

We are hiring the best and brightest to come join us on our mission. Check out our open positions.

We are fortunate to be backed by some of the best investors in the world – Sutter Hill Ventures (Palo Alto, CA),Institutional Venture Partners (Menlo Park, CA), and WGI investments (New York, NY). Yext was founded in 2006 by Howard Lerman, Brian Distelburger and Brent Metz, and is located in New York, NY.