Daily funding roundup - October 30, 2015

Mitos Suson · October 30, 2015 · Short URL: https://vator.tv/n/4109

Qraved scored $8M; TinyOwl landed $7.7M; IPV raised $3.8M

  • Kleeto, an end-to-end record and information management company owned by Next Gen Paper Solutions Pvt. Ltd., has raised $229,000 (INR 1.5 Cr) on GREX. GREX is an exchange-like platform which allows investors to discover companies, invest and keep track of their investments. The funds raised will be used for technology enhancement and geographical expansion.

  • Apptuto, a San Francisco, CA-based financial education platform, secured $500,000 in funding. The round was led by 500 Startups (which also accepted Batch 14 of its accelerator program in San Francisco) with participation from Michael Staton, a partner at Learn Capital, and executives from Google, HSBC, Macquarie Bank, Delta Partners Group as well as other angel investors from the US, Europe, and United Arab Emirates.

  • London-based delivery app Jinnapp has raised £1 million ($1.53 million) in a seed round led by a group of angel investors including potential.co.uk founder Doug Scott, and former Arts Alliance managing director Laurent Laffy. With operations in several London areas including Camden, Westminster, Hackney and Islington, the start-up plans to use the seed rounds to expand its service outside of the capital with launches planned for other UK cities imminently.

  • Tunepics, a music and picture sharing app, is celebrating Halloween with the release of themed stickers and filters after racking up its five millionth user and a $2 million investmentThis allows users to scare their friends with 1m spooky images alongside hit tunes such as Michael Jackson’s ‘Thriller’ and the Ghostbusters theme.

  • Toppr.com, an online test preparation platform with over 500,000 enrolments already, is now announcing a fresh $2 million round of venture debt financing from Innoven CapitalThis round comes six months after Toppr raised a $10 Million Series B round from Fidelity Growth Partners with participation of existing investors SAIF Partners and Helion Venture Partners. Prior to that, the company had raised $2 Million from SAIF and Helion and acquired EasyPrep, a customized exam creation platform for schools.

  • Sochat, a San Francisco, CA-based new messaging app and connection platform, secured $2 million in seed funding. The round was led by Eniac Ventures, with participation from WeChat founder and product lead Allen Zhang, New Enterprise Associates, Greylock Partners, Slow Ventures, Foundation Capital, Betaworks, Maiden Lane, and Steven Sinofsky of Andreessen Horowitz.

  • IPV, a Cambridge, UK-based provider of multi-media content management systems to broadcasters and businesses, raised £2.5 million ($3.8 million) in fundingThe round was led by Calculus CapitalThe company intends to use the funds to continue global expansion, which has already seen it reach into markets in North America, Europe and the Pacific Rim.

  • A Sheikh from the UAE has invested $5.4 million in Pakistan’s mobile payments company, Inov8 LimitedHis Highness Sheikh Nahayan Mabarak Al Nahayan, is the sole investor in the company’s Series A round, investing $5.4 million in the company which has achieved a valuation in excess of $100 million. Co-founder and president, Bashir Sheikh said,”We will be utilising our funds for our growth across the Middle East and Africa region with an expectation to raise a much larger Series B round in the near future.  We will be looking to grow organically and via acquisition, for businesses, products and teams.”

  • Food ordering platform TinyOwl has raised Rs 50 crore ($7.7 million) from existing investors led by Sequoia Capital and Matrix Partners. The fund raising comes at a time when the two year-old Mumbai-based company is looking at restructuring operations, control burn rate and outsourcing deliveries. The new funds give TinyOwl 12 months of runtime to focus on creating a sustainable business in the food-tech domain. 

  • Jakarta-based food discovery app Qraved today announced $8 million Series B financing co-led by Richmond Global Ventures and Gobi Partners, followed by GWCConvergence Ventures500 Startups,Toivo Annus, and M&Y PartnersThe company plans to use the funding to develop features in its core mobile and web app as well as ramp up marketing and promotional efforts. The Series B round was announced as part of the Indonesian government delegation’s visit to Silicon Valley to meet tech giants and major VC firms.

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: economicdevelopment.org 

Image Description

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!

All author posts

Support VatorNews by Donating

Read more from our "Daily Funding Roundup" series

More episodes

Related Companies, Investors, and Entrepreneurs


Angel group/VC

Joined Vator on

NEA is the entrepreneur’s venture capital firm.

When it is time to take a promising business or business idea to the next level, entrepreneurs want a venture partner who understands and believes in the power of big dreams, bold visions and fresh ideas that have the power to change an industry, a sector, the world.

Moreover, entrepreneurs want a venture partner who knows what it takes—through first-hand experience and carefully nurtured relationships—to make a company succeed, to turn an idea into an action, and to make a plan a reality.

For more than 30 years, NEA has been helping to build great companies. Our committed capital has grown to $13 billion, including a $2.6 billion fourteenth fund closed in 2012. We invest across stage and geography in technology, healthcare and energy.

Remaining nimble as we’ve grown—with more than 65 investment professionals working out of our offices in the US, India, and China and investing across the globe—NEA is the entrepreneur's venture capital firm, consistently ranking among the top firms in portfolio IPOs each year. Since its founding, the firm has backed more than 175 companies that have gone public and invested in more than 290 companies that have been successfully merged or acquired—more liquidity events than any other venture capital firm.

Whether you are seeking investment to get your idea off the ground or looking to propel a proven idea toward greatness, NEA is the venture partner who will be there—because we’ve been there—every step of the way.

Sequoia Capital

Angel group/VC

Joined Vator on

Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one of the highest-caliber venture firms” and noted that it is “one of Silicon Valley’s most influential venture-capital firms”. It invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage.


500 Startups

Angel group/VC

Joined Vator on

500 Startups is an early-stage seed fund and incubator program located in Mountain View, CA. They invest primarily in consumer & SMB internet startups, and related web infrastructure services. Their initial investment size is typically $25K-$250K.

Selected areas of interest include financial services & e-commerce, search/social/mobile platforms, personal & business productivity, education & language, family & healthcare and web infrastructure.