Telehealth creates the platform upon which preventative care and value-based payments will flourishRead more...
ipsy raised $100M; Plexxi secured $35M; Crossbar completed $35M round
- GiPStech, a Milan, Italy-based indoor positioning and navigation startup, raised €400,000 ($453,700) in equity funding. Backers included members of Italian Angels for Growth (IAG) and Embed Capital. The company intends to use the funds to start commercializing the solution after finalizing it after the previous round of $200,000.
- Zapyle.com, which allows users to buy and sell pre-owned luxury wear, has landed $1 million in seed funding from a bunch of unnamed real estate firms and investment companies in Bangalore. The money secured will be utilised to strengthen its team, introduce new features on the mobile app and acquire customers, Rashi Menda, founder and CEO of Zapyle.com, said.
- Fazland.com, a Reggio Emilia, Italy-based services platform, raised a €1 million ($1.1 million) Series A funding round. Backers included RedSeed Ventures and Zernike Meta Ventures as well as business angels from network Custodi di Successo. The company intends to use the funds to grow in Italy and Europe (it is already present in Romania and Germany) and expand its category offerings beyond the home to include personal care (photographers, personal trainers, etc.) and business services (accounting, translation services, consultants, etc.)
- Deepomatic, a French startup that monetizes media, has secured $1.4 million in seed funding. The investors included Alven Capital. Deepomatic automatically monetizes images published by web and mobile medias, by leveraging deep learning based algorithms. With a simple snippet of code added to their website or app, publishers can now get their images scanned by algorithms that detect and identify inspiring products (e.g. fashion products).
- UW-spinout AnswerDash today announced a $2.9 million seed investment round led by Voyager Capital, with participation from existing investors WRF Capital, Summit Capital, the W Fund, and Arnold Venture Group. AnswerDash, formerly known as Qazzow, wants to fundamentally change how online businesses answer questions that customers might have. Rather than forcing people to comb through an FAQ or use a written-based solution like email or live chat, AnswerDash’s technology embeds answers within a website’s functionality.
- MoEngage, which provides user analytics and automated mobile marketing for some of India’s biggest mobile apps, is setting its sights on the rest of the world. The company announced today that it has raised $4.25 million in Series A funding, which it will use to target new customers in the U.S. The company’s Series A was led by Helion Venture Partners, with participation from Exfinity Ventures and angel investors Kunal Bahl and Rohit Bansal, the co-founders of Snapdeal, and Raghunandan G, the founder of TaxiForSure. Along with earlier seed funding, MoEngage’s new round brings its total raised so far to over $5 million.
- You.i TV, an Ottawa-based company that specializes in advanced user interfaces for a variety of video platforms, has closed a $15 million round of capital led by Kayne Partners. You.i TV said the funding will help the company create a channel of partner agencies to build multiscreen apps for its You.i Engine SDK (software development kit). You.i TV’s announced partners include Sony Crackle (for its Roku app), the TreeHouseGO app for iOS and Android, Corus Entertainment, and shomi, the multiscreen SVOD service from Rogers Communications and Shaw Communications that recently became available to all Canadians. Privately held You.i TV was founded in 2008.
- WebAction, Inc., provider of the Striim platform for end-to-end streaming data integration and streaming analytics, today announced $20 million in Series B funding. Led by Intel Capital, the round includes additional investment from existing investors Summit Partners, Frank Caufield and Regis McKenna, as well as Panorama Point Partners and a new strategic investor. WebAction will use the investment to continue its mission to make data useful the instant it’s born. The funds will be used to expand the technical depth and market reach of the Striim platform, accelerate sales, and build distribution channels to help meet rapidly increasing demand.
- Crossbar, Inc., the Resistive RAM (RRAM) technology leader, today announced it has completed a $35 million Series D funding round. Tyche Partners, Oriza Holdings and Cheerful Link joined all of Crossbar’s existing investors in the round, bringing total investment to $85 million to date. Crossbar plans to use the funds to continue the commercial ramp of its game-changing non-volatile (NVM) memory technology.
- Plexxi, a pioneering next-generation converged networking company and SDN market leader, today announced that it has raised a $35 million round of financing to continue the company's rapid growth in the software-defined agile datacenter market. The round was led by a new investor with participation from existing investors Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners. The investment in Plexxi is recognition of the company's groundbreaking approach and market adoption in building a new generation of software-defined data centers that deliver a flexible, agile architecture for new scale-out application and cloud services offerings.
- ipsy, an online makeup subscription delivery service, said today that it had bagged $100 million. The round was led by TPG Growth and Sherpa Capital. A round this large after taking very little or no venture financing isn’t entirely unheard of. ipsy is just under four years old and prior to this venture financing round, it had raised less than $3 million. It currently has 10,000 content creators as part of its ipsy Open Studios platform.
- Ola, India’s third most valuable Internet company, has raised around $225 million (Rs.1,478 crore) as part of a new funding round that could see the firm raise over $500 million, and is expected to be closed shortly. The latest funding is led by existing investor Falcon Edge Capital. The New York-based hedge fund is joined in the latest round by Ola’s other existing investors Tiger Global Management LLC and Softbank Corp. and six other investors. The fresh tranche takes the total capital raised by ANI Technologies Pvt. Ltd, the Mumbai-based company that owns Ola, to a little over $900 million.
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Read more from our "Daily Funding Roundup" series
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