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OneWeb bagged $500M; Zumper Inc raised $6.35M; Lyra secured $3M
- Mumbai-based errand-running and same-day delivery service GetMyPeon raised its first round of seed funding of $250,000 (Rs. 1.5 crore approx.) after being in the business for over two & a half years. The investor’s names are still undisclosed. The funds received will essentially be invested in infrastructure; i.e. technology (frontend & backend), vehicles, hiring more executives on field, mobile platform and geographical expansion.
- San Francisco-based mobile retail app Just Sales is rebranding to ShopJester, and landed $600,000 in seed funding, backed by co-founders Bob Pack, former VP of Sales at NetZero, and Roger Smith, previously a CEO of Silicon Valley Bank. Additional backers include Catherine Chang —a former Corporate Controller at Twitter, Harjit Deo formerly an Intel Executive, and Florian Leibert, the founder of MesoSphere and ex-Twitter data science engineer. The newly named ShopJester is available on both iOS and Android devices. The service is an online shopping platform that allows customers to search products from 32 different retailers—including Macy’s, Nordstrom, Victoria’s Secret, Best Buy, and Sports Authority—all in one convenient place, without having to visit the individual stores’ sites. The company is unaffiliated with the brands it works with, and is powered by its own search engine. Sales commissions are put in place and revenues can scale with user growth.
- Credit Management service provider, CreditMantri raised a $2.5 million Series A round of funding from IDG Ventures India, Elevar Equity and Accion Venture Lab. The raised funds will be used to broaden and accelerate development and to further build company’s user base. The Chennai-based startup is Co-Founded by 3 ex-Citibank executives – Ranjit Punja, R Sudarshan and Gowri Mukherjee. The company provides management services to lenders and borrowers. It was created to help consumers take charge of their credit health and to help them make better borrowing decisions.
- Lyra secured $3.1 million in strategic funding from Castlight Health, the Venrock-backed enterprise health company that went public last year. Lyra is building a data-driven platform to identify people at risk of behavioral and mental health conditions, and make sure they’re being appropriately treated.
- Queensland battery materials start-up Nano Nouvelle has successfully closed a $3.7 million funding round, after its promising battery electrode technology attracted the interest of several high profile cleantech investors. According to a company statement, investment was led by existing shareholder Terra Rossa Capital, with the substantial participation of well known cleantech supporters Simon Hackett and Bradley Maguire, together with nine other new and existing investors.
- Aurora Health Care, one of the nation’s leading not-for-profit health care systems, led an investment in the digital health long-term accelerator StartUp Health. The round came in at around $5 million, and that it is just the first of what will likely be a total of six similar rounds to be announced between now and the end of the year. The new rounds will be announced one at a time. We will keep an eye out for the filings.
- Real estate tech startup Zumper Inc. raised $6.35 million in funding in a bid to battle for the rental-listing market dominated by Craigslist, the go-to resource for tenants and landlords.Goodwater Capital led the investment and was joined by Kleiner Perkins Caufield & Byers, both existing investors in Zumper. The company’s total funding raised to date is $14.6 million. The startup plans to use the funding to push its Zumper Pro software and service across the U.S., and to grab more listings from those that offer residential leases on apartments or homes.
- OneWeb, a London, UK-based builder of new global communications system to create affordable broadband services for all, bagged $500 million in funding. Backers included Airbus Group, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm Incorporated, The Coca-Cola Company, the Virgin Group, and Totalplay, a Grupo Salinas Company, owned by Ricardo B. Salinas. The company intends to use the funds to further develop key technologies to enable affordable broadband for rural and underdeveloped locations.
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