Daily funding roundup - August 6, 2015

Mitos Suson · August 6, 2015 · Short URL: https://vator.tv/n/3f5d

Practo snagged $90M: SavingGlobal bagged $21.8M; TreeHouse raised $16M

  • Green Blender, a New York City-based startup that delivers pre-portioned ingredients and superfoods to make organic smoothies at home, secured nearly $1 million in seed funding from well-known startup investors Point Nine Capital, Lukasz Gadowski, and SOSventures for the company's expansion.

  • Sunday Realty Solutions, which operates a listings and customer relationship management platform for real estate agents, has raised Rs 5 crore ($785,000) in early stage funding from IPAL Fund Managers' Ramesh Jogani and Shailesh Viswanathan. US-based investor Jay Srinivasan, former head of global strategy at Dell, also put money in this round. DoPoints Marketing Services Pvt Ltd, the company behind Sunday Realty Solutions, will use the funds to enhance its tech platform, as per a press statement. The company presently has operations in Mumbai and Pune.

  • A startup working to bring offline brick-and-mortar consignment shops into the e-commerce age, Snobswap, raised over a million in seed funding to expand what it describes as its “luxury online mall.” Investors in the new round include Dingman Angels, NextLevel Management, and other angels, including the founders of simplehuman. Prior investors, including Simplepitch, also participated.

  • Melbourne-based medical management startup HotDoc has raised $2.2 million from a series A funding round, with AirTree Ventures being the lead investor. HotDoc aims to bring doctor-patient communications into the 21st century through its software tools that facilitate appointing booking and confirmations, return appointment notifications and help to reduce no-show rates for GPs.

  • Gimv Arkiv Tech Fund II, Qbic Arkiv Fund and SOFI (PMV) jointly invest € 2 million in CoScale, a Ghent-based IT company offering a SaaS platform that provides insights in the performance of web applications. Gimv en Qbic each invest € 750.000, SOFI (PMV) € 500.000. “At CoScale we dream of a world where the load time of a webpage is never a concern", says CEO Hans Witdouck. Slow pages make visitors leave your site. For an e-commerce site, this leads to revenue loss, for a news site it lowers ad revenue, and in general a slow website is detrimental to the image of a brand.

  • Pacific Ag, a crop residue supply company, announced $7 million investment from Advantage Capital Agribusiness Partners, LP (ACAP). The growth capital will enable Pacific Ag to accelerate the expansion of its operations across the country through acquisitions, technology, equipment, sales and marketing to meet the increasing demand for agricultural biomass in the bio-refining, animal protein, composting and other markets.

  • Gersh, CEO of Goop, has helped Paltrow raise a seed round of funding for Goop, as well as an approximately $10 million Series A led by Tony Florence at New Enterprise Associates. Investor Amanda Eilian, the cofounder of video-editing startup Videolicious, visited Paltrow in the actress’s apartment in New York’s Tribeca to hear her pitch. "The first time I met Gwyneth, she sat down and talked about her vision for the business—but also how committed she was to it," Eilian says. "She wasn’t just endorsing it. It was her company, she started it, she put her own money into it. Up to that point it had really been all her. She made me very comfortable that she had the ability to make this a real ­business—and successful. She definitely wasn’t looking to Lisa and other people in the company to answer questions for her."

  • Jibo, Inc., a company behind Jibo -- a Social Robot for the home, closed $11 million in a Series A extension round with strategic investors from Taiwan, Japan, Korea and China. Monies invested in this extension round will be used to accelerate Jibo operations, product enhancements, partner content integrations and Jibo's market introduction.

  • Virtual Incision Corporation, a company developing advanced robotically assisted surgical devices, closed $11.2 million of equity financing. Led by Bluestem Capital, the round was oversubscribed with broad participation from existing investors, including PrairieGold Venture PartnersThe funding will be used for a feasibility study on the use of the company’s miniaturized robotically assisted surgical technology for colon resection, a procedure performed to treat patients with lower gastrointestinal diseases such as diverticulitis, Crohn’s disease, inflammatory bowel disease and colon cancer.

  • TreeHouse, an Austin, TX-based home improvement company, raised $16 million in fundingThe round was led by Garrett Boone, co-founder of The Container Store. The company intends to use the funds for store openings in new markets, technology development, an e-commerce launch and opening of a product incubator.

  • SavingGlobal launched in early 2014 to enable German savers to access the best fixed deposit rates in Europe, not just from banks in their home country. The Berlin-based fintech startup has bagged €20 million (around $21.8 million) in Series B funding` led by Palo Alto-based Ribbit Capital and London’s Index VenturesYuri Milner and Tom Stafford also participated, whilst the round brings total amount raised to €30 million.

  • Healthcare platform Practo, snagged $90 million (Rs. 574 crore) in Series C funding. This round was led by Tencent, with participation from investors including Sofina, Sequoia India, Google Capital, Altimeter Capital, Matrix Partners, Sequoia Capital Global Equities and Yuri Milner.

  • Motorola Solutions said private equity firm Silver Lake would invest $1 billion in the maker of walkie-talkies and radio systems as it looks to boost growth in its services business, which includes video monitoring and data analytics. The investment is one of the largest ever by Silver Lake, which led a $24.9 billion deal to take Dell private in 2013.

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: articles.glofin.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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