Daily funding roundup - July 14, 2015

Mitos Suson · July 14, 2015 · Short URL: https://vator.tv/n/3ebe

Realty Mogul secured $35M; HackerRank bagged $7.5M; Fanduel raised $275M

  • Realty Mogul, an online marketplace that makes real estate investing fast and frictionless raised a $35 million Series B financing round. The round was led by Sorenson Capital with additional funding from Canaan Partners, the lead investor in the company’s Series A financing. The company had previously raised a $10 million in funding, including a $9 million round in May of 2014. With this round Realty Mogul has now raised $45 million from investors that have included David Rose, Gordon Stephenson, Matthew Grodin, Timothy Lappen, Steve Bram and Shamir Karkal.

  • Coding contests and recruitment site HackerRank bagged a $7.5 million strategic investment from Recruit Holdings’ HR Technology Fund. With this new round, HackerRank has now raised $17 million to date. Previous investors include Khosla Ventures, Battery Ventures and Y Combinator. The company will use the new funding to expand its team.

  • Grocery e-commerce startup Satvacart Retail LLP, which currently operates in Gurgaon, has raised an undisclosed amount in seed funding from Delhi-based early and mid-stage VC firm Palaash Ventures and a group of angel investors, it said on Tuesday. A former managing director of a leading private equity firm also participated in this round of funding, Satvacart said without disclosing the name of the individual investors. The company will use the capital to scale up operations, acquire more customers and expand the team, it said.

  • Indian storage solution provider BoxMySpace, today announced that it bagged US$300,000 from a consortium of investors including Farooq Oomerbhoy, co-founder of early stage fund Orios Venture Partners and Singapore Angel Networks. BoxMySpace is an on-demand storage provider to declutter home and office space. Users can select the items they want to store and suggest a convenient date and time for pickup. The startup manages packing, moving, and storing. Pictures of all the items which are stored are digitized, indexed, and added to a customer’s online account. Whenever they want something back, they can request to have it delivered doorsteps.

  • Eden, an in-home tech help serivce pulled in a new $1.3 million funding round. The funding comes from Canvas Ventures, Eniac Ventures, Comcast Ventures, Maven Ventures, Y Combinator, and some angel investors.

  • Local services marketplace Oneflare has raised $3 million in funding and plans to IPO over the coming financial year. The oversubscribed round was led by Microequities Asset Management with participation from all existing investors. It brings the total raised by the startup since its launch in 2012 to $4.5 million, with Oneflare having raised $1 million in October last year.

  • Relay2, a cloud-controlled Wifi services platform secured an additional $3.5 million in Series-D funding bringing its fourth round of funding to a close after raising a total of $13.5 million. The funds will be used to further product development and fuel the company’s sales and marketing efforts to accelerate the adoption of the industry’s first cloud-controlled WiFi services platform.

  • Shopping app Scratch raised $3.6 million in seed fundingBessemer Venture Partners led the round with participation from other investors that included NextView Ventures, Red Swan Ventures and Blue Apron CEO Matt Salzberg. Scratch also launches its invite-only, free service connecting consumers with shopping experts who send personalized recommendations for items that are hard to search for, including gifts, home decor and clothes.

  • HopSkipDrive, a startup that just received $3.9 million in seed funding, is looking to hook up cautious yet busy parents. The seed round was led by Upfront Ventures with participation from FirstMark Capital, Maveron, BBG Ventures, and Joanne Wilson among others.

  • Picwell, a company providing the predictive recommendation engine for health plan selection, closed its Series A round of funding totaling more than $4 millionMassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), led the investment, with additional participation from a group of prominent healthcare industry executives.  Picwell is cash flow positive and will use the additional funding to expand operations and accelerate the development of related consumer decision support products.

  • Mediarex Sports Entertainment lifted $4.9 Million to “sportify” pokerThe London-based association is a primogenitor of a Global Poker Index, a ranking management for 450,000 veteran poker players. The private investors embody an unnamed “first tier private equity fund” in Beijing, and angel investors from telecom, sports selling and financial sectors in Asia and Europe. Besides an unnamed private equity fund, other investors include Stanley Choi and Donald Tang of Hong Kong, John Gleasure of London, Xavier Niel of France, and a startup’s strange investors. 

  • Victor, a London, UK- and Munich, Germany-based on-demand private jet charter service, secured $5 million in second funding. This round augments a previously announced $8 million, making a total of $13 million invested in private equity from its own clientele during the last 90 days. The funds will be used for customer acquisition and scaling of the technology as the company continues to expand globally.

  • Singapore-based dating app Paktor announced a US$7.5 million Series B funding from MajuvenConvergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings). This brings Paktor‘s total funding to about US$12.3 million. Paktor will use funds to expand its presence in Asia, with a goal of hitting 15 million users by next year. 

  • MySmartPrice, a price comparison and product discovery portal, nabbed US$10 million in its Series B round of funding, led by Accel Partners with participation from Helion Venture Partners. Both are existing investors in the firm. This funding will allow the Hyderabad-based company to expand its hyper local shopping services to over 50 cities across the country, and enable over 100,000 local retail stores to reach their customers online, besides accelerating its growth to reach a GMV (gross merchandise volume) of US$1 billion.

  • Audio manufacturer RIVA, the lifestyle brand of Audio Design Experts, Inc. (ADX) recognized for its best-in-class audio products, raised over $10 million in their latest round of funding. A large portion of the investment comes from world-renowned Wistron Corporation, with another portion coming from Eastern Asia Technology (HK) Limited, a KYET group company.  The roster of investors demonstrates the tech community's endorsement of the company. With this round of financing, RIVA's total capital raised is just over $17 million.

  • Draios Inc., doing business as Sysdig, raised another $10.7 million for software that lets companies monitor and troubleshoot containers, one of the hottest new tech trends to emerge since cloud computing. The Series A round was led by Accel Partners and Bain Capital Ventures and takes total funding in Sysdig to $13 million. 

  • Fintech company Fastacash landed $15 million in a series B funding round. The company claims it is one of the largest series B investments for a fintech company in Singapore. The round was led by Rising Dragon Singapore, and participating investors include Russian fintech Venture capital firm Life.Sreda and UVM 2 Venture Investments.

  • InVision, a design collaboration platform powering the creative process inside many of the world’s smartest companies, raised $45 million in Series C funding. Accel led the round, joined by existing investors FirstMark Capital and Tiger Global Management. InVision will use this financing to drive further product development of InVision’s design collaboration platform and to expand the company’s growing enterprise sales efforts.

  • FanDuel, one of the two major players in the budding daily fantasy sports industry, raised $275 million in new venture funding. The new round values the company “well north” of $1 billion. The round was led by KKR, and included new investors Google Capital and Time Warner Investments. Existing investors Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital were also involved. FanDuel will also use the money to build out new products and grow its workforce. 

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. 

Image source: groupsfunding.com

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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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