Daily Funding Roundup


Daily funding roundup - August 28, 2015

iZettle bagged $67M; Narvar raised $10M; Thread secured $8M

Innovation series by Mitos Suson
August 28, 2015
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  • Gauss Surgical, Inc., a company that develops a mobile vision platform for the Operating Room, completed series A financing to accelerate sales growth and further commercialization of the Triton System the world’s first and only mobile platform for real-time monitoring of surgical blood loss. The latest round was led by Promus Ventures and joined by Summation Health Ventures and LifeForce Ventures.

  • Social media-enabled food discovery platform BetterButter has raised an undisclosed seed funding led by growx ventures. Participating investors include Singapore-based investment firm M&S Partners and angel investor Manish Singhal. Singhal will also take on the role of Board Observer in BetterButter. BetterButter plans to use the funds to launch its app and build out its team capabilities across technology and content. It will also be introducing video, a nutritional information calculator and advanced search capabilities to its platform.

  • Mobcrush, a community focused service that offers a way to stream and watch mobile gameplay, has secured $10 million in new funding. Kleiner Perkins participated in and possibly even led the funding round. The $10 million would go very nicely with the $4.9 million the company raised in May from a round that inlcluded Raine Ventures, First Round Capital, Lowercase Capital and CrunchFund.

  • Singapore-based Equentia Natural Resources has led a round of seed funding worth $151,371 in Indian firm Roll Mafia, a quick service restaurant (QSR) chain owned and operated by SLS Cuisines India Pvt Ltd, Other investors participating in the seed round were Nirav Choksi and Rajiv Ramnarayan, co-founders and directors of Singapore-based HHC Holding Pte Ltd. Other high net worth individuals (HNIs) involved in the round were including Bhavin Shah, Manav Khanna and Ram Kewalramani.

  • Target Data, a Chicago, IL-based data-driven marketing provider, received a $1.475 million credit facilitySquare 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, provided the debt financing. The company intends to use the funds for working capital to support continued growth.
  • Tokyo-based Kabuku, the startup known for its 3D printing service brand Rinkak, announced today that it has fundraised 400 million yen ($3.3 million) from Global Brain. This round is not yet closed but Global Brain leads other investors who have potential business synergy with Kabuku. The funds will be used to develop a cloud-based production management system for 3D printing factories as well as expand partnerships with third-party 3D printing manufacturing services, both of which were recently announced.

  • London-based fashion tech startup Thread has secured $8 million in a Series A round of funding led by Balderton Capital, the co-founders of Google-owned DeepMind and a number of other angel investors from the fashion and tech worlds. Thread offers a free online personal styling service for men, employing a combination of human stylists and algorithms. Today, more than 200,000 men in the UK use the service.

  • Narvar, a startup that enables companies to better engage with customers after online purchases, raised $10 millionNarvar provides companies with software that improves the post-purchase experience. That can include a better interface when it comes to shipping, more detailed text updates, and then of course options to return products and buy new ones. 

  • European mobile payments processor iZettle has announced a fresh €60 million ($67 million) raise. The round was led by Intel Capital and Zouk Capital, both existing investors, and takes the company’s funding to almost €150 million ($168 million). Part of the company’s new $67 million cash influx will be used to help support the rollout of iZettle Advance, as well as fueling the company’s overall business.

  • China’s biggest meal delivery startup, (which means “Are you hungry?”), today revealed that it has secured $630 million in series F funding. The blockbuster investment was led by CITIC Capital and supermarket chain Hualian. Previous investors Tencent, JD, and Sequoia Capital also threw in some of the cash. The extra money allows – whose blue-uniformed deliverymen on their electric scooters are fast becoming a fixture of major Chinese cities – to keep up the pace as web giants Alibaba and Baidu seek to catch up to local, on-demand web services such as meal delivery. 

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