Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
SteelHouse secured $49M; BlackBuck raised $25M; Oncam acquired $7M funding
- Bangalore-based OnlineRTI, an online service to file Right to Information (RTI) applications, has raised about $150,000 (INR 1 Cr.) in an angel round of funding from LetsVenture, Mohandas Pai, and existing investors. Nipun Goyal (president IIFL), Bhupen Shah (co-founder of Sling Media) and early stage investment firm Oilphans Capital also participated in this round.
- myLAB Box, a Los Angeles, CA-based healthcare startup, secured $560,000 in angel funding. The round was led by K5 Ventures with participation from the Ace Fund, Houston Health Ventures, Houston Angel Network, Texas Halo Fund, and Pipeline Angels. The company, which is preparing to raise a Series A round in 2016, intends to use the funds to expand their services, offering screening for HIV, Chlamydia, Gonorrhea and Trichomoniasis to consumers nationwide.
- Sherpa, an on-demand peer-to-peer delivery platform has closed a $1.2 million funding round from private investors including Hotels Combined co-founder Michael Doubinski, and Nolan says the true value of an investment round is the networks it brings with it. The investment put a valuation of “between $10-15 million” on the ten-month-old startup. The capital injection will be used to consolidate the startup’s growth in Australia, where it has completed over 17,000 deliveries in six cities, and to work towards expanding to New Zealand.
- TabbedOut, a mobile payments for bars and restaurants, announced that the company has raised $2 million from Miami-based Alterna Capital. The additional funding brings TabbedOut's Series C to $23.5 million. Alterna Capital joins lead investor Wellington Management Company and participating investors NEA and Morgan Creek Capital Management. TabbedOut will soon expand to Denver, Dallas and Washington D.C. as well. The additional funding from Aeterna Capital will help TabbedOut expand to 20 planned U.S metro areas and then launch internationally soon thereafter.
- Journey Sales, a Philadelphia, PA-based provider of customer engagement solutions for sales professionals, closed a Series A funding round reportedly amounting to $3.4 million. The round was led by MissionOG, with participation from Ray Lane, a Partner Emeritus at Kleiner Perkins Caufield & Byers, NewSpring Capital, and Dublin Capital. In conjunction with the financing, Warren Thune, George Krautzel, and Chris Noe of Dublin Capital will join on the company’s Board of Directors. The company intends to use the funds to accelerate growth and customer success with its expanding base of enterprise clients.
- Arterys Inc., a San Francisco, CA-based cloud medical imaging platform provider, completed a $7 million Series A financing. The round was led by Emergent Medical Partners, with participation from Norwich Ventures, AME Cloud Ventures, Morado Ventures and Asset Management Ventures. The company intends to use the funds to expand its efforts in machine and deep learning for medical imaging, validate its innovative approach, and bring its imaging platform to new medical applications.
- Oncam, a mobile Group Video Calling app, announced a $7 million growth capital raise led by Tonn Investments, and a partnership with management stalwart Untitled Entertainment. The $7 million raise was led by Arizona based Tonn Investments and includes several high net worth participants and firms.
- BlackBuck has added another feather in the cap as the Bangalore based B2B logistics raised funding of $25 million from Tiger & Apoletto and existing investors Accel Partners and Flipkart. The company has accelerated its funding to five times as compared to the last funding which was US $ five million. The B2B startup works on providing a single roof to customers and transporters and then executing the transaction using intelligent auction engines equipped with smart mobile interface.
- SteelHouse, a Los Angeles-based advertising software company, announced Thursday that it raised $49 million in a Series C funding. To date, Steelhouse has seen year-over-year growth of over 155 percent and anticipates it will end 2015 with a run rate of $130 million. According to Spagnoletto, the latest round of funding will be used for product development, hiring and marketing. The recent financing round was led by Mercato Partners, a Salt Lake City-based growth capital provider, and included participation from Staley Capital and Silicon Valley Bank.
- LookingGlass Cyber Solutions, a threat intelligence driven security and dynamic threat defense, today announced its acquisition of Cyveillance, a leader in open-source threat intelligence (OSINT), along with a $50 million round of Series C financing led by NewSpring Capital (NewSpring). This strategic acquisition solidifies LookingGlass’ ability to deliver the most advanced and comprehensive threat intelligence driven solutions from a single company, enabling security teams to have the best ability to find and mitigate threats using threat, Internet and customized intelligence.
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.
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Read more from our "Daily Funding Roundup" series
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