Daily funding roundup - November 20, 2015

Mitos Suson · November 20, 2015 · Short URL: https://vator.tv/n/4198

Le Tote secured $15M; MindTickle landed $12.5M; Hover raised $6M funding

  • Hover has announced that it has raised $6 million in a Series A financing round. Alsop Louie Partners led the round with participation from existing investors, including Almaz Capital and Maverick Investments. The additional funds comes 19 months after the company raised $5.1 million in its initial Series A, and brings its total funding to $17.3 million. Hover has two apps. The first one is free, and it generates a scaled 3D model of a home based on eight photos submitted via a smartphone. The second is its Pro upgrade, which is targeted toward home improvement professionals.

  • Airbnb, an online marketplace for listing and booking accommodations around the world, has reportedly raised over $100 million in a new round of funding, according to sources close to the matter (via the Wall Street Journal). The new round reportedly values Airbnb at $25.5 billion, which was the same valuation given when the company closed a massive $1.5 billion private equity round over the summer. In total, Airbnb has raised nearly $2.3 billion over the past half decade from Andreessen Horowitz, Founders Fund, General Atlantic, Hillhouse Capital Group, Sequoia Capital, and Tiger Global Management. After ride-hailing services Uber ($6.3B) and Didi Kuaidi ($4.4B), Airbnb is the third most well-funded company in the collaborative economy.

  • Volt Athletics is raising more money to fuel growth of its online fitness training platform. The Seattle-based startup has reeled in another $1 million from unnamed angel investors to push total funding to $2 million for the two-year-old company. The fresh cash will be used to develop Volt’s platform, which offers a customizable online fitness training platform for athletes, and help the startup expand to new markets.

  • Ryde, a Singapore-based carpool app, raised $1.5 million in seed fundingBackers included strategic angel and private investors. The company plans to use the funds to scale its application for expansion into overseas markets. Founded by Terence Zou, a Harvard Business School graduate, Ryde uses GPS technology and a proprietary algorithm to match drivers to riders. Launched in April 2015, the company has grown to more than 10,000 active users to date.

  • Freebird, Inc., a Cambridge, MA-based company that allows travelers to rebook following a flight cancellation, secured $3.5 million in funding. Backers included General Catalyst, Accomplice, Slow Ventures, and other angel investors. The company is using the funds to expand operations.

  • Pritzker Group Venture Capital led a $7.5 million investment in Viv Labs, an AI company launched by Kittlaus. Braintree founder Bryan Johnson's OS Fund also contributed. Pritzker led a $12.5 million round of funding for Viv earlier this year. The three-year-old company has about 20 employees and so far has raised about $30 million from investors that include Johnson, San Francisco-based Iconiq and New York-based Tiger Global Management.

  • Sidecar, an e-commerce marketing technology that programmatically connects retailers' products to the most relevant consumers, announced Friday that it has completed a Series B round of financing totaling $8 millionBoston-based Ascent Venture Partners led the round, with Osage Venture Partners and other new and existing institutional and angel investors participating. Sidecar will use the funds to further develop technologies that optimize product advertising channels, which have seen a surge in growth and popularity in 2015 with the rollout of Google Shopping and Facebook Dynamic Products Ads. Sidecar will also make significant investments in sales and marketing to continue fueling growth and satisfying the demand for its award-winning marketing technology.

  • Apsalar, a mobile ROI platform that empowers app marketers to drive extraordinary business growth, announced an $8 Million funding round. The round includes first-time investment from YJ Capital, a CVC of Yahoo Japan, as well as additional funding from Thomvest Ventures and DCM Ventures2015 has been a dramatic growth period for Apsalar, with revenues climbing more than 500%.

  • Pune and Sunnyvale based MindTickle, a startup which addresses sales productivity, has raised Series A funding worth $12.5 million (Rs 82.6 crore) led by New Enterprise Associates (NEA), with participation from Qualcomm Ventures and existing investor Accel Partners, reports ET. The company will use the funding for software product development. MindTickle had previously raised $1.8 million worth seed funding from Accel Partners and Moneta ventures in October last year. Ravi Viswanathan, general partner at NEA will join the company’s board.

  • Le Tote, an on-demand fashion rental service providing members with unlimited clothing and accessories delivered directly to their door, announced a $15 million Series B funding round led by AITV with participation from existing investors Lerer Hippeau Ventures, Azure Capital, Simon Venture Group, Epic Ventures and Funders Club. The investment will enable Le Tote to continue strategically building its executive team, make further investments in technology and accelerate overall company growth.

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: cryptocoinsnews.com 

Image Description

Mitos Suson

I am currently affiliated with Vator. I co-produce the Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and I love it!

All author posts

Support VatorNews by Donating

Read more from our "Daily Funding Roundup" series

More episodes

Related Companies, Investors, and Entrepreneurs

General Catalyst

Angel group/VC

Joined Vator on

There’s a simple premise behind the founding of General Catalyst (GC) in 2000: entrepreneurs are best served by those who've been in their shoes. In fact, all of GC’s managing directors are accomplished entrepreneurs in their own right. We’re familiar with the challenges you face. And we thrive on our ability to use our entrepreneurial experience to assist, guide, and nurture entrepreneurs on their journey.

As a venture capital firm focusing on Early Stage and XIR/Growth investments, we're thrilled to encounter and delight in helping exceptional entrepreneurs and innovative companies bring a new product to market or transform an industry. But it’s more than just writing a big check. We're tireless in our business-building and partnership development assistance.

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.

 

NEA

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.

Andreessen Horowitz

Angel group/VC

Joined Vator on

Andreessen Horowitz is a $2.5 billion venture capital firm that was launched on July 6, 2009. Marc Andreessen, Ben Horowitz, John O’Farrell, Scott Weiss, Jeff Jordan, and Peter Levine are the general partners of the firm.