Numan raised $40M; Babyscripts landed $12M; Courier Health secured 4$MRead more...
LeadPages secured $27M; Doctor On Demand closed $50M; Mapbox landed $52.6M
- Doctor On Demand, a healthcare service that provides video visits with board-certified physicians on a patient's smartphone closed a $50 million round of Series B financing. The round was led by Tenaya Capital and included new investors Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Dignity Health, Anne Wojcicki, and other growth stage firms. Existing investors Venrock, Shasta Ventures, and Sir Richard Branson also participated. The company said that "will use the funds to continue the rapid expansion of its top rated video telemedicine service." Doctor On Demand had previously raised a $24 million in funding, including a $21 million round in August of last year.
- Not even three years old, LeadPages has quickly climbed the fundraising ranks, as it just announced its $27 million Series B round of financing, led by Drive Capital, with participation from Foundry Group and Arthur Ventures. Foundry and Arthur Ventures invested the initial Series A round in September 2013, and a subsequent round, totalling $11 million, bringing the total amount raised to $38 million, in just 2-1/2 years. LeadPages essentially provides digital marketing tools to enable small businesses (like lawyers, doctors), or bloggers and content creators.
- Bangalore-based JiffStore Software Labs Pvt Ltd, which offers mobile commerce and customer engagement solutions to grocery retailers through JiffStore.com, raised funds in a follow-on round from Unitus Seed Fund and Times Internet Ltd. JiffStore will use the money to expand headcount and its network of stores and promote services across various marketing channels, as per a press statement.
- Ubo, an app that connects users with valets at service stations in Beijing, who then drop off the car at a parking spot raised $900,000 in funding from HGDS Capital, bringing its total funding so far to $1.42 million. Ubo’s services are similar to Luxe Valet, which serves five U.S. cities where parking is also a headache, including San Francisco.
- Brightwheel, a San Francisco-based provider of a mobile SAAS platform for early education providers, including daycare, preschool, and afterschool programs, secured $2.2 million in seed funding. The round was led by RRE Ventures and Eniac Ventures with participation from CrossLink Capital, Golden Venture Partners, Red Swan Ventures and Sherpa Ventures. In conjunction with the funding announcement, the company is releasing new apps for iOS and Android, as well as a new automated billing platform.
- Pronoun, a digital book publishing platform for authors, scored a $3.5 million investment from Avalon Ventures. This venture capital financing closely follows the announcement of Pronoun’s new book publishing platform, which uses technology and data to empower authors to create, distribute, and market their books while controlling all intellectual property rights and keeping 100% of earnings. With this financing, Pronoun is further developing its technology and data analytics, creating a viable alternative to the exclusions and restrictions of traditional publishing as well as to the complexity, limitations, and high costs of self-publishing for authors.
- Mumbai-based Total Dental Care Pvt Ltd, which runs dental care chain under the MyDentist brand, secured Rs 50 crore (around $8 million) in its Series C round of funding led by LGT group, the asset management group and private banking arm of Princely House of Liechtenstein. Existing investors namely Asian Healthcare Fund (AHF) and SeedFund also participated in the latest round of fund.
- Convene, a New York-based network of urban meeting centers and integrated workplace amenity services, raised $15.5m in Series B equity financing. The round was led by Conversion Venture Capital, with participation from existing investor Boathouse Capital. The existing lenders led by OFS Capital Corporation extended the duration of its existing financing. The company, which has raised more than $21m in equity funding, intends to use the funds to continue expansion in New York City and the Mid-Atlantic region, introduce expanded workplace service offerings and provide liquidity to early investor Sunrise Capital Partners.
- Neuravi, a Galway, Ireland-based company dedicated to improving clinical outcomes for stroke patients, completed a €19M ($21M) Series B financing. The round was led by European private equity firm LSP (Life Sciences Partners), with participation from Fountain Healthcare Partners, Delta Partners and the Western Development Commission. As part of the financing, Anne Portwich and René Kuijten, partner, LSP, will join Neuravi’s board of directors. The company intends to use the funds to advance its minimally invasive thrombectomy device for acute ischemic stroke, the EmboTrap® Revascularization Device. The funding will support European commercialization of the EmboTrap device, as well as Neuravi’s clinical trial, ARISE II, which will begin enrolling patients this year at select centers in the United States and Europe.
- Fetch Robotics, a San Jose, CA-based builder of robot systems for the logistics industry, raised $20 million in Series A funding. The round was led by SoftBank Group US, with participation from seed investors O’Reilly AlphaTech Ventures and Shasta Ventures. In conjunction with the funding, SoftBank’s Kabir Misra will be added to Fetch Robotics’ board of directors. The company, which has raised $23 million in total funding, intends to use the funds to expand its sales and marketing operations and to meet accelerating demand from warehouses and fulfillment centers.
- Tidemark, a cloud financial planning platform landed $25 million in additional funding today along with some new growth numbers. Existing investors Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, and Silicon Valley Bank all participated in the round along with new investor, fellow cloud company Workday. Today’s investment brings the total raised to $100 million.
- Los Angeles-based free broadband service FreedomPop nabbed $30 million more in new financing, which it says will go to accelerate its growth in the U.S., and expand its free mobile service. The funding was led by Partech Ventures, and also included DCM Capital and Mangrove Capital. Mark Menell of Partech joins the company's board with the funding. FreedomPop also said it is adding a new strategic investor, which will be announced separately.
- Email advertising company LiveIntent raised $32.5 million in new funding. This effectively doubles the amount that LiveIntent has raised. The round was led by private equity firm FTV Capital, with participation from past investors including Battery Ventures, First Round Capital and Shasta Ventures.
- Mapbox, a developer of customizable maps used by third-party apps like Foursquare, Pinterest, Mapquest and 16,000 others, secured $52.55 million in a Series B round of funding. The round was led by DFJ Growth with participation also from existing investors Foundry Group. DBL Partners, Thrive Capital, the Pritzker Group, former Goldman Sachs president Jon Winkelried and Promus Ventures all also chipped in.
- Singapore Post Limited invested approximately S$4.6 million for a 30 per cent stake in Australian e-commerce company Hubbed Holdings Pty Ltd, via its indirectly wholly-owned subsidiary Quantium Solutions (Australia) Pty Ltd. If a predetermined set of performance benchmarks is attained, SingPost will pay an additional A$1 million (S$1.04 million) to Hubbed. If not, SingPost will gain another 5 per cent stake. Hubbed, as of 30 April 2015, had a net asset value of S$1 million.
If you are interested to be included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
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Read more from our "Daily Funding Roundup" series
Beauty Pie raised $100 million; Homage landed $30M; DotCom Therapy picked up $13MRead more...
Vouch raised $90M; Flo landed $50M; A-Alpha Bio secured $20MRead more...
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