Daily funding roundup - June 19, 2015

Mitos Suson · June 19, 2015 · Short URL: https://vator.tv/n/3e4f

Cupick raised $120K; Artesian Solutions scored $8M; Knyttan landed $3.2M

  • Cupick, a platform for visual artists to showcase, share and sell their work, raised a $120,000 seed round of funding through TermSheet.io. Several angel investors from the United States and India participated in the round, including angel syndicate JKN Partners, JK Patel, Sushil Agarwal from India and Kalpesh Shethia, Rajeev Mudumba, Dinesh Tadepalli and Sudheshna Vuppala from the United States. Founded just seven months ago, Cupick is a social network for artists that allows them to merchandize their artwork, by putting it on various items for sale, such as t-shirts, prints and more.

  • Elation Media, a Jackson, Mississippi-based media startup, raised $150,000 in seed funding. Backers included Kansas business leader Paul Mai, who is the founder and former CEO of Salina-based PKM Steel Service, Inc. Led by Founder/CEO Robert Schnitzer and chairman Gerald Levin, the former Chairman/CEO of Time Warner, Elation Media is a new global media venture developing 24×7 live and on demand television and internet channels serving the worldwide holistic consumer market. Programming topics include alternative medicine, world peace, visionary art, personal growth and the environment. Elation Media will launch OTV Live and OTV On Demand in the fourth quarter of 2015. The company, which also maintains a sales office Los Angeles, California, is now kicking off its Series A funding round.

  • Sense.ly, a virtual nurse platform for patient engagement and chronic disease monitoring announced at the Digital Health Summer Summit raised $2.2 million in a Series A round of funding, with investors including Launchpad Digital Health, Fenox Venture Capital, and TA Ventures. Sense.ly will leverage the new round of funding to launch new markets, expand its support of its global customer base, and drive enhancements to its award-winning product, particularly in artificial intelligence and machine learning.

  • Knyttan, a London-based on-demand fashion startup and graduate of Techstars London, picked $3.2 million (£2 million) in seed funding to help it disrupt the garment production industry. London-based Connect Ventures, who are perhaps best known for being an early backer of Citymapper, led the round, with participation from Frederic Court’s new fund Felix Capital, Playfair Capital, and Ballpark Ventures.

  • Artesian Solutions, a U.K.-based platform that provides companies with better intelligence on their B2B customers and future prospects, scored $8 million in Series B funding. Previous backer Octopus Investments, and Kreos Capital led the round, while the new injection of capital will enable the company to increase growth in the U.K. and further expand overseas, and well as continue development of new mobile and social apps.

  • An Oakland, Calif., startup called Mayvenn Inc. raised $10 million in venture funding    to help beauticians sell hair extensions and other products to their clients without having to purchase, store or ship any inventory themselves. Andreessen Horowitz led the Series A investment joined by Trinity Ventures, Core Innovation Capital, Troy Carter’s Cross Culture Ventures, Impact America, and noteworthy individual investors including Jimmy Iovine, Serena Williams and Steve Stoute, CEO of ad agency Translation. General Partner Ben Horowitz, now a board observer at Mayvenn, says the startup was profitable and “didn’t need” the Series A capital but raised it to accelerate growth.

  • TracxnLabs, an incubator founded by industry tracker Tracxn, raised $10 million in funding from a round led by Flipkart's Sachin Bansal and Binny Bansal along with other investors, according to a recent news report. The newly raised funding will go towards launching the incubator, which then plans to invest a minimum viable product capital between $20,000-$50,000 in the selected starups, according to the Livemint report. 

  • Tamr, Inc., a Cambridge, MA-based data analytics business, raised $25.2 million in Series B funding. Backers included Hewlett-Packard Ventures, Thomson Reuters, MassMutual Ventures, Sinewave Ventures and Work-Bench Ventures as well as existing investors New Enterprise Associates and Google VenturesThe company intends to use the funds to grow sales as well as product engineering.

If you are interested to be included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.

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Mitos Suson

I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!

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