Daily funding roundup - July 7, 2015

Mitos Suson · July 7, 2015 · Short URL: https://vator.tv/n/3ea0

Didi Kuaidi announced $2B; Harry's closed $75.6M; Whipclip secured $40M

  • Didi Kuaidi, an e-hailing service in Asia, has now raised nearly $2 billion. Reports that the company was raising this round, sprung up late last month, and now have some more details about who invested that funding, with Ping An Insurance (Group) Co. and Capital International Private Equity Funds leading the round, with Hillhouse Capital Management and Coatue Management also participating. Didi Kuaidi had previously raised $1.6 billion, including a $600 million round in January and another $142 million in May. Investors have included Alibaba, SoftBank, Tiger Global Management and Weibo Corp. This latest funding round has valued the company at $15 billion. The reason that the company decided to raise this funding has to do with competition. The space is crowded in Asia, but there is one company that all of them want to take on: Uber, which is apparently planning to invest more than $1 billion in China this year.

  • Reveal Mobile, a Raleigh, NC-based mobile audience platform for app publishers and developers, closed on an oversubscribed $750 thousand financing round. Backers included Alerion Ventures, IDEA Fund Partners, River Cities Capital Funds, and Capitol Broadcasting Company. The company intends to use the funds for hiring for additional engineering, data science, and business development positions. Led by CEO Brian Handly, Reveal provides a mobile platform that allows app publishers and media companies to understand and target their mobile audience. Their patent-pending algorithms offer marketing across demographics, real-world and digital interests, location, and political affiliation.

  • ZeroTurnaround, a maker of developer tools raised $5 million in Series B financing led by Bain Capital Ventures with participation from Western Technology Investment, both existing investors. This brings the total amount of funding since the company’s founding in 2007 to $15 million. The company will use the capital to hire exceptional software development talent worldwide and continue to innovate its JRebel and XRebel products, used by more than 65,000 active customers in 80 countries.  ZeroTurnaround will also expand its platform support with this new capital.

  • Barcelona-based Internet of Things startup thethings.iO bagged a €250,000 round of business angel funding to build out its backend platform for IoT. Investors in the things.iO funding round include 101startups, Toubkal Partners, Taurus fund and other ESADE Business Angel Network investors. thethings.iO has also taken funding from Wayra, the Telefonica incubator.

  • HTML5 game developer Wozlla got $2 million to expand beyond China. The money comes from Greenwood Asset Management, a private equity firm that has backed a number of Chinese tech firms. Wozlla plans to use the funds to continue developing original games and expand in the Americas. The company is planning on creating an office in Mexico.

  • Localisation software startup Transifex secured $4 million in Series A funding, led by Toba Capital with participation from seed VC investors NEA, Arafura Ventures and angels including Parse founder and CEO, Ilya Sukhar. The amount raised to date is $6.5 million.

  • Bugsnag Inc., which provides software teams with an automated crash-detection platform for their Web and mobile applications, nabbed $7.2 million in Series A financingBenchmark is leading the round, with Matrix Partners;participating as well. The San Francisco company previously raised $1.4 million in seed funding.

  • PipelineRx, a medication management services and platform company focused on clinical telepharmacy, announced a $9.1M round of funding led by Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA") and joined by McKesson Ventures and existing investor AMN Healthcare. The Company will use the investment to strengthen its technology offerings as integrated delivery networks (IDNs) and hospitals look to expand workflow models leading to better patient care, while evaluating areas of growth and opportunity.

  • French startup SlimPay grabbed $16.6 million from Prime Ventures for its payment processing solution. Today’s funding round is great news as the company is mostly focused on its home market for now. And there is no reason why SlimPay shouldn’t expand to other European countries as the SEPA system is a unified standard. The Eurozone is the natural next step for the startup.

  • Salsify, a SaaS platform snagged $16.6 million in Series B funding, bringing Salsify’s total funding to date to $24.6 million. The round is led by Venrock, and also includes existing investors, Matrix Partners and North Bridge, as well as Michael Skok. The funding will be used to further product development, invest in corporate growth and drive continued value with its customer base.

  • Core Informatics, a developer of data management software used to accelerate scientific innovation, closed a $17.5 million Series B funding led by Oak HC/FT, a premier growth-equity fund focused on healthcare information and financial technology. Existing investors also participated in the funding round.

  • Doppler Labs — which created an unusual splash last year by making stylish earplugs landed $17 million in a new funding from a star group of investors. That includes: The Chernin Group, David Bonderman’s personal Wildcat Capital Management and Acequia Capital. Doppler had previously disclosed that Live Nation Entertainment, Universal Music Group and WME were also in this Series B round. The new money will be used for a product called the Here Active Listening System, which launched in June on Kickstarter. 

  • Whipclip, a maker of a mobile application that lets you quickly – and legally – share clips from favorite TV shows and music videos, secured on $40 million-plus in Series C financing. The oversubscribed round was led by asset management firm, Eminence Capital, and included participation from existing investors, Institutional Venture Partners and Raine Ventures.

  • Harry’s, a direct-to-consumer mens’ razor company, closed a $75.6 million Series C funding round led by Wellington ManagementThe new funding will go towards expanding the German factory and its production capacity, as well as investments in R&D and hiring.

  • Indian streaming music service Saavn announced a $100 million funding round led by Tiger Global Management, while announcing a new milestone of 14m active users.The company says the funding will be used “to drive long-term product development and aggressive customer acquisition” as well as investing in advertising technology, sales staff and new content partnerships.

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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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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