Daily funding roundup - June 24, 2015

HackerOne revealed $25M; Frame secured $10M; Barkly scored $12.5M

• HackerOne, a company that offers a bug bountry program, where companies will pay to have hackers go into their system and see where they are vulnerable revealed a new $25 million funding round. The round was led by New Enterprise Associates, and included participation from existing investors, including Benchmark, as well as numerous angel investors including Salesforce Chairman and CEO Marc Benioff, Digital Sky Technologies Founder Yuri Milner, Dropbox CEO and Co-Founder Drew Houston, Yelp CEO and Co-Founder Jeremy Stoppelman, Zenefits COO David Sacks, Riot Games CEO and Co-Founder Brandon Beck, and Berggruen Holdings Chairman Nicolas Berggruen, among others. HackerOne had previously raised a $9 million round in May of last year. This new round brings its total raised to $34 million.
  
  
• India-focused early stage investor Unitus Seed Fund led a seed funding round worth Rs 60 lakh ($94,000) in Hubli-based LabInApp Technology Pvt Ltd, the firm behind students' virtual library tool LabInApp. The funding amount was not disclosed. Other investors in this round include ed-tech veteran Madan Padaki’s education-focused business accelerator Sylvant Advisors, as per a press statement. LabInApp will utilise the money to expand its addressable market by targeting more institutions.
  
  
• Singapore-based startup Spini has set up base in India at Chennai with first round of funding from Walden International. The startup raised $1 million to fuel India expansion and development of its platform. Spini is a referral platform and an online marketplace where sales persons can source sales leads and anyone can monetize information. It was co-founded by Eddie Chau, Shankar G and Chong-Kian Soh, and is operated by a team spread across Chennai, Bangalore and Singapore.
  
  
• Porter, an online logistics marketplace, raised INR 35 crore in Series A funding from Sequoia, Kae Capital and other investors. The investment will be used to facilitate geographical expansion, improve existing products and solutions, as well as help recruit talent.The Porter Founded in August 2014, Porter is an aggregator of light trucks and allows businesses and consumers to hire trucks and tempos on demand for their intra-city pickup and delivery needs. Porter currently has 300 vehicles handling 10,000 transactions every month in Mumbai and NCR, with plans to ramp up to six cities in the next one year.
  
  
• Frame, a cloud-based service that allows users to run desktop programs like Adobe Photoshop or Microsoft Excel directly from their browser, secured a $10 million Series A funding round. Columbus Nova Technology Partners, Bain Capital Ventures and SQN Venture Partners participated in the round. The three-year-old Frame, formerly Mainframe2, had just recently landed $2.5 million in seed funding this past November.
  
  
• New Enterprise Associates led a $12.5 million round for endpoint security company Barkly. The startup announced the raise today, bringing its total funds to $17 million since it was founded in 2013. In a canned statement, Barkly revealed that it will use the funds to recruit new talent and drive product development.
  
  
• Sigrid Education, an e-learning platform raised an undisclosed amount of funding from early stage investment firm Oliphans Capital, marking its eighth investment in the startup space. The company aims to create and introduce courses in the 50 most prominent test-prep and K12 curriculum areas over the next 6 months.
  
  
• VenueNext landed $9 million to roll out an app for your lazy ass. From mobile ordering to in-stadium directions, VenueNext is a technology platform that is working to change the way fans experience live venues. The company just closed its Series A, with participation from strategic investors like Causeway Media Partners, Live Nation and Twitter Ventures.

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

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