Silk and Sonder raised $3.6M; SenseHawk landed $5.1M; ThoughtRiver secured $10MRead more...
One Medical Group bagged $65M; NowThis secured $16.2M; Everwise raised $8M funding
- Everwise, a company that helps aspiring professionals define development goals and connect with the right mentors, peer groups and individually curated content. It matches employees directly to the people and resources that can help them be more productive and successful at every stage of their career. The company announced on Tuesday that it has raised $8 million in Series A funding of funding from Canvas Ventures, Sequoia Capital and Webb Investment Network. The company had previously raised $2.3 million in funding from Webb Investment Network, IronFire Capital and a number of angels, such as Scott McNealy and Andre Haddad.
- Singapore-based bitcoin startup BitX has raised a round of funding from Venturra Capital, it announced today. Singapore-based bitcoin startup BitX has raised a round of funding from Venturra Capital, it announced today. The amount is undisclosed at the moment. The funding will allow BitX to speed up a number of activities it started with its series A funding. These include recruitment, product development, and entering new markets.
- Sigstr, an email signature marketing platform, announced today it has raised an additional $1.5 million in capital from leading software executives. The round, led by Indianapolis-based 4G Ventures’ Managing Partner, Bill Godfrey, also includes San Francisco-based Steve Goodman, angel investor, and Eduardo Vivas, Head of Talent Solutions, LinkedIn; Brandon Cruz, President and Co-Founder, GoHealth; Matt Adkisson, angel investor; and High Alpha Capital.
- Backed, a NYC-based digital lending platform, raised $1.5 million in seed funding. Backers included angel investors, iAngels, and Cyhawk Ventures. The company intends to use the funds to further develop the product, team and company, for customer acquisition, and revenue growth. Led by Co-CEOs George Popescu and Gilad Woltsovitch, Backed offers a digital lending platform providing loans to qualified millennials without a credit history who want to build their credit score and accelerate their financial independence.
- Channel Mechanics, a San Francisco, CA-based developer of channelIT, a cloud-based channel enablement SaaS solution, raised $2.3 million in funding. Backers included Konstantin Sidorov, founder of enterprise IT services company, RRC Business Telecommunications, Ltd.; Karl Flannery, chair of the industry advisory board for Knowledge Transfer Ireland and longtime ICT industry executive; and Enterprise Ireland, the Irish government agency that supports the growth of Irish businesses. The company intends to use the funds to expand channelIT to U.S. customers and increase its presence in the country.
- Income&, a San Francisco, CA-based marketplace investing platform, raised $2.9 million in seed funding. Backers included iSeed Ventures and Jeffrey Lyons. Led by CEO Brad Walker, President and CFO Benjamin Strub, CTO Vincent Phillips, and CMO Keith Meyer, Income& has launched PRIMO, a low-risk, superior-yielding fixed income product backed by prime-rated mortgages. On Income&’s peer-to-peer marketplace, investors will be able to customize and directly purchase a diversified and fully transparent portfolio of PRIMOs.
- Eventbase announced today that it has raised $6 million from Madrona Venture Group to support its mobile technology platform for events. With the new funding, the company said that it will be looking to accelerate its growth both in size and revenues, specifically within the enterprise space. An app development service for premium events, Eventbase has done work for conferences and events on behalf of Microsoft, SAP, HP, Cisco, Salesforce, Cannes Lions, and South by Southwest. It claims that its apps have been downloaded over 10 million times worldwide.
- Swift Navigation Inc. has raised $11 million in Series A funding for global positioning systems technology that is more accurate. San Francisco-based Swift wants to enable the next generation of drones, driverless cars and other robotics to navigate the world precisely, according to Chief Executive and founder Timothy M. Harris. Eclipse led the Series A round in Swift and was joined by New Enterprise Associates and Promus Ventures as well as the startup’s earlier backers.
- Lemonade, a NYC-headquartered peer-to-peer insurance startup founded by Israeli entrepreneurs Daniel Schreiber (formerly the president of Powermat) and Shai Wininger (a co-founder of Fiverr), has raised $13 million in a first round of funding. The capital comes from Tel Aviv-based Aleph, which was co-founded by former Benchmark Capital partner Michael Eisenberg, and Sequoia Capital.
- NowThis, a digital media company that distributes short video clips across social media networks, has raised $16.2 million from a group of investors led by the German media giant Axel Springer, which signaled earlier this year it plans to invest heavily in American digital media. The Series D investment, which also included participation from previous NowThis investors Oak Investments, NBC News Group and SoftBank, adds to the roughly $19 million that NowThis had raised since its founding in 2012 by former Huffington Post executives Kenneth Lerer and Eric Hippeau. Axel Springer also participated in a previous $6 million investment round a year ago.
- 128 Technology, a stealthy startup led by Andy Ory and other Acme Packet veterans, has closed $20 million in a new round of equity financing, according to an SEC filing. By our count, the company has raised $32 million to date. In addition to Ory and co-founder Patrick MeLampy, the filing lists Julio Vega, which is the name of a partner with law firm Morgan Lewis, and Bob Hower, co-founder of G20 Ventures.
- Platfora announced $30 million in growth-stage financing from new investors HSBC and Harmony Partners, with participation from earlier-stage backers including Allegis Capital, Andreessen Horowitz, Battery Ventures, Citi Ventures, Cisco, Sutter Hill Ventures and Tenaya Capital. This new round brings Platfora's total amount raised to $95 million. Additionally, the company has signed dozens of new customers including consumer brands Sears, TiVo and Kelley Blue Book. Platfora offers a big data analytics platform helping companies get insights into the events, actions and norm times of their business.
- One Medical Group, an innovative tech-infused primary care medical group led by Tom Lee, M.D., has raised $65 million in capital to fuel "accelerated market expansion." The new funding was led by J.P. Morgan Asset Management (NYSE: JPM) on behalf of PEG Digital Growth Fund II LP and AARP Innovation Fund LP, One Medical said in an embargoed press release early Tuesday. Unnamed current and new institutional investors and unnamed individual investors also participated.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
Image source: personneltoday.com.
Read more from our "Daily Funding Roundup" series
Anima has raised $2.5M; Avo landed a $3M; Reserved.AI secured $3.3M; Aspinity picks up $5.3Read more...
Peer Medical raised $1.2M; Carewell landed $5M; Boundless Immigration secured $7.5MRead more...
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