Daily funding roundup - November 25, 2015

Mitos Suson · November 25, 2015 · Short URL: https://vator.tv/n/41b2
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Jet closed $350M new funding; Iguaz.io landed $15M; PhishLabs secured $7M funding

  • Delhi-based laundry care startup Tooler has raised angel funding of $110,000 from a group of angel investors led by Raghu Khanna, Founder and CEO, CASHurDRIVE and Sameer Gupta, Ex­-GM, Paytm. The platform plans to invest the funding to increase the supply-chain and come up with offline outlets in areas of Delhi, Gurgaon and Ghaziabad to attract location based customers. Currently, it accepts orders via mobile app and website only and offers services in Delhi, Gurgaon and Noida. 

  • The newly launched e-commerce site Sportlala, raised $700,000 from Aggregate Media and Chalmers Ventures, among others. Sportlala is an online shopping club for sporting goods, which means that the customer must become a members and log into shop online, to make purchases. 

  • Founded by a 3-member team; Akshay Mehrotra, Ashish Goyal, & Jay Jain, EarlySalary has raised $1.5 million seed capital from Ashok Agarwal of Transcorp Group. The raised funds will be used towards building a mobile app-based lending platform. The company aims to introduce its mobile app-based lending platform in three months and with technology driven approach  hopes to solve the issues of transparency and make the process simple, quick and trustworthy.

  • Soundreef S.p.A., a Milan, Italy-based music royalty management platform, raised €3.5 million (approximately $3.7 million) in equity funding. The round was led by VAM Investments, (which committed €3.2 million via VAM SR1 Invest s.r.l.) with participation from existing backer LVenture Group (which invested €250,000.

  • Vector Watch, a London-headquartered company that makes smartwatches that last for up to 30 days on a single charge, has raised a fresh $5 million in funding. The round was led by Bucharest-based investor GECAD Group, with participation from Catalyst Romania and “a group of high net worth individuals.” The company had previously raised a $2 million seed round from GECAD Group in 2014.
    VAM’s investment included a buyout portion and a capital increase, which will be delivered in different tranches to support the company’s international expansion in the next 12 months.

  • Tokyo-based Kabuku, a startup known for its 3D printing service brand Rinkak, announced today that it has fundraised 750 million yen ($6 million) from Japanese VC firm Global BrainDentsu Digital Holdings (DDH), and Mitsui Sumitomo Insurance Venture CapitalWith the latest funding, Kabuku has fundraised 950 million yen ($7.8 million) to date. The company will use the funds to strengthen development and global marketing of these new services.

  • PhishLabs, a Charleston, South Carolina-based provider of 24/7 cybersecurity services that protect against the exploitation of people, closed a $7 million Series B funding roundFulcrum Equity Partners made the investment. The company intends to use the funds to accelerate growth. Led by John LaCour, Founder and CEO, PhishLabs provides cybersecurity services that protect against threats that exploit people. It combines proprietary technology, intelligence, and human expertise to detect, analyze, and stop targeted cyberattacks before they impact organizations. 

  • Iguaz.io, a provider of innovative data management and storage solutions for Big Data, IoT and cloud applications today announced a $15 million Series A funding round. Led by Magma Venture Partners, the funding includes additional investments from JVP and large strategic investors. The iguaz.io founding team is comprised of a group of former executives from successful technology companies in the fields of storage, cloud computing, high-speed networking, analytics and cyber-security

  • Jet.com has closed $350 million in new funding, and says it has verbal agreements for another $150 million. The shopping startup, run by the entrepreneur who created Diapers.com, says a large portion of the money will be spent on marketing, hiring and customer support as it tries to attract a big customer base to compete against mass retailers like Amazon, Walmart and Target. Jet.com has now raised $570 million, which will balloon to $720 million once it closes on the additional funding.

  • Wepiao, a Chinese mobile ticketing platform founded by Weying (WECHAT Movie Tickets), completed a Series C funding round, raising RMB 1.5 billion. The round was led by Beijing Cultural Assets Chinese Anci Films & Television Fund, with participation from CITICS Prosperity Fund, GGV Capital, Southern Capital, Gopher Asset of Noah Private Wealth Management, New Hope Group, as well as original shareholders Tencent, Wanda and INLY.

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. 

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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!

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