Quolum raised $2.8M; SuperAnnotate landed $3M; Lane picks up $10M; Binah.ai secured $13.5MRead more...
Massdrop landed $40M; View raised $150M; DispatchHealth secured $3.6M
- Massdrop raised a $40 million Series B financing round led by August Capital with continued support from First Round Capital, Mayfield Fund, and Cowboy Ventures. The company had previously raised around $12 million, including a $6.5 million round in September of 2014. It has now raised a total of $52 million in funding. It was also revealed that David Hornik, General Partner of August Capital, will also be joining the Board of Directors at Massdrop. Massdrop is a community commerce platform that makes it possible for enthusiast communities to buy together. When multiple people get together and use their combined purchasing power to buy something, it's called a “drop."
- View has just raised $150 million in new funding. Investors in this round included new investor NZ Super Fund, existing investors Corning Incorporated, Madrone Capital Partners and others, and leading real estate investors. With the addition of this latest round, View has raised more than $500 million in equity investment to date, including a $100 million round in January of last year The full list of View investors includes General Electric, Sigma Partners, DBL Investors, Industrial Investors, Khosla Ventures, NanoDimension, Navitas Capital and The Westly Group.
- A Mumbai-based social media marketing startup for restaurants, MassBlurb, has raised an angel round for an undisclosed amount, led by Vikram Chachra, and a few other independent investors from the Mumbai Angels network. The startup plans to use this round of funding to enhance product development and expand across India. They also plan to expand internally, adding a couple of markets there, over the next six months.
- OneAssist, a startup that offer customers credit card and smartphone protection in case of loss or theft, has raised Rs 50 crore in a fresh round of funding from insurance services provider Assurant Inc and existing investors Lightspeed Venture Partners and Sequoia Capital India.The Mumbai-based startup, founded by former banking executives Gagan Maini and Subrat Pani, stores specific information of registered consumers and blocks all transactions on their lost cards and phones up to
- Front Row Education, Inc., which provides an adaptive, gamified, and data-driven math education program for K-8 students, has raised $5.3 million in Series A funding. The round was led by Amasia and joined by Harrison Metal, Baseline Ventures, and key existing investors. This brings the total raised by the organization to $6.6 million. Front Row is one of the fastest growing curriculum technology companies in the world, providing students the ability to practice Common Core aligned math at their own pace. The program enhances the ability for already busy and stretched teachers to deliver customized learning for each child in their classroom.
- RIFT.io, today announced the completion of a $16 million series A round of funding, led by North Bridge Venture Partners with participation from other strategic investors. The funds raised will be used to continue the development of RIFT.ware, the company’s open source network virtualization platform, and expand its world-class product, design, and engineering teams, while growing its marketing and customer support capabilities.
- Dispatch Health, a Denver, Colorado-based company, provides mobile, onsite healthcare for acute care patients via a high-tech, low-cost solution, announced a $3.6 million, seed funding round for expansion of its current services, as well as to administer onsite, advanced medical care, improve outcomes and reduce healthcare costs. A number of strategic and angel investors contributed to the round, including EMP Holdings, LLC.
- Who What Wear, a shoppable fashion site with 3.8 million uniques, closed an $8 million Series B round with participation from Amazon and Bertelsmann Digital Media Investments. Existing investors, such as Greycroft, Lerer Hippeau Ventures, Advancit Capital, Mesa Ventures, and Double M Partners, also participated in the round.
- IFMR Holdings, a financial inclusion platform in India, secured $ 25 million in equity from Accion, a financial inclusion firm; LeapFrog Investments, an investor in emerging-market financial services; and Lok Capital, an Indian impact investment firm. The new capital will allow IFMR Holdings to accelerate its financial inclusion work across India.
- Stem Cell Therapeutics Corp., an immuno-oncology company developing cancer stem cell- related therapeutics, nabbed gross proceeds of $33 million through a private placement of units. The financing proceeds will be used to advance the Company's CD47 cancer stem cell program through IND-enabling studies, manufacturing and phase 1 clinical trials.
- Rhythm, a Boston, Massachusetts-based biopharmaceutical company developing peptide therapeutics that address unmet needs in gastrointestinal diseases and obesity, completed a $40 million Series A financing. New investors OrbiMed, Deerfield Management, Wellington Management Company, and an undisclosed public healthcare investment fund joined existing investors MPM Capital, New Enterprise Associates, Third Rock Ventures, Pfizer Ventures, and Ipsen.
- Bengaluru-based online grocery store, BigBasket.com, landed $50 million in a new round of funding led by Bessemer Venture Partners at $400 million valuation to expand into 50 more Tier-II cities. The startup has also mandated Citigroup to raise $150 million from a set of new investors, as per people familiar with the matter. The firm has raised about $57 million from investors including Ascent Capital, Helion Ventures and Zodius Capital.
- Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, announced that Wellington Management Company has led a $50 million investment in Payoneer. Susquehanna Growth Equity, LLC., an existing shareholder, invested as well.
- Vox Media, a publishing house for the digital age, landed a $200 million strategic investment from the entertainment group NBCUniversal, forming a partnership between the new and old media companies to collaborate on programming, advertising and technology. The two deals represent the latest matchup between media giants and digital upstarts as the lines between the two worlds blur.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
Image source: zdnet.com
Read more from our "Daily Funding Roundup" series
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Related Companies, Investors, and Entrepreneurs
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Massdrop is a community commerce platform that makes it possible for enthusiast communities to buy together. When multiple people get together and use their combined purchasing power to buy something, it's called a “drop”.
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Drawing upon the vast resources of Bertelsmann SE & Co. KGaA, BDMI is a strategic investor that brings a wealth of experience and opportunities to emerging companies. BDMI provides not only capital, but also a worldwide network of diverse businesses. Our goal is to partner with companies that can benefit from our innovative spirit and media leadership across the globe. BDMI is a wholly owned subsidiary of Bertelsmann SE & Co. KGaA.
Joined Vator onFounded in 1995, August Capital is a leading venture capital firm actively investing in entrepreneurial teams throughout the information technology market spectrum.
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In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descendents. The start-up investment operations were spun out into Bessemer Venture Partners, which now operates out of seven offices around the globe.