Daily Funding Roundup


Daily funding roundup - December 21, 2015

Neural Analytics Inc secured $10M; MapsAnything completed $7.3M funding; ChargeItSpot closed $5.6M

Innovation series by Mitos Suson
December 21, 2015
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  • Gusto, a company that used to be ZenPayroll, before it rebranded in September, raised a round of funding of up to $50 million, according to a filing with the Securities and Exchange. So far the company has raised $22,249,979, with another $27,750,021 left to go. While no investors are listed, Hemant Taneja, Managing Director of General Catalyst Partners, is. That firm has previously participated in the company's Series A, Series B and Series C rounds, so there's a good chance it invested in this round as well.

  • Administrate, an Edinburgh, Scotland, UK-based software as a service (SaaS) solution for training providers, secured an additional $2.5 million (£1.7 million) in funding. The round was led by Scottish angel syndicate Archangels, including investment from the Scottish Investment Bank, the investment arm of Scottish EnterpriseLed by John Peebles, CEO, Administrate provides large organisations with SaaS-based software to define, manage, report on and sustain employee engagement in relation to training.

  • Smartphone repair service provider CellSavers announced on Monday it has raised $3 million in seed funding from Sequoia Israel. Angel investor Robert Antokol (CEO, Playtika) also participated in the round. Along with the funding, Sequoia Israel partner Gili Raanan will join the CellSavers board. This investment will help CellSavers enhance its technology-driven logistics and expand into other major U.S. cities in the billion dollar smartphone repair market. 

  • Fresvii Inc., creators of AppSteroid, the platform that creates social networks in mobile games and apps, announced that it has raised $4 million in funding from US and Japanese investors. The majority of the investment came from Nissay Capital of Japan, and also includes angel investment from Guo Wei, based in Silicon Valley.  Fresvii will be putting the funds towards accelerating growth, expanding its team of engineers, paying off convertible debt and designing new tools to supplement its existing suite of social offerings.

  • ChargeItSpot, a Philadelphia, PA-based provider of cell phone charging stations for retail chains, casinos, hospitals, shopping centers/malls, universities, stadiums and other indoor public venues, closed $5.26 million Series A funding round. Backers included Robin Hood Ventures, SeedInvest and SoundBoard Angel Fund, and other retail and financial investors. The company intends to use the funds to expand its sales and client services teams and invest in new technology to further improve its tech-enabled charging kiosks.

  •  MapAnything, Inc., a mapping, geo-analytics and location intelligence solution provider for users of Salesforce, today announced it has completed a $7.3 million Series A round of financing. Greycroft Partners led the round with participation from Harbert Venture Partners, Salesforce Ventures and individual investors Michael Lazerow and David Stern. The funding will be used to expand sales and marketing efforts and accelerate product development.

  • Neural Analytics Inc., a medical device company focused on developing devices and services to measure, diagnose and track brain health, announced today that it has secured $10 million in Series A financing. This brings the total investment amount in Neural Analytics to $13 million including their $3 million Series Seed financing last year. The latest close includes new investors JSR Limited, a professionally managed venture capital fund, and Taiyu Capital, a subsidiary of TigerMed, a global leading provider of outsourced clinical development services.

  • New York City-based WorkFusion announced a $14 million investment to automate jobs that create reference data, on-board customers, process claims, and ensure regulatory compliance. The cash will be used to go after a global market across industries. This Series C round was led by Nokia Growth to help accelerate the company’s growth and expand to other international locations, creating "dozens" of jobs, according to a company representative. As part of the funding, managing partner of Nokia Growth, Paul Asel, will join the board of directors.

  • Assurex Health, Inc., a commercial-stage, informatics-based precision medicine company providing treatment decision support to healthcare providers for behavioral health and chronic pain conditions, has secured an additional $15 million in equity financing from existing Series D investors, according to Virginia C. Drosos, President and Chief Executive Officer. The new financing follows the recent announcement regarding a significant enhancement to the GeneSight Psychotropic test, now the most comprehensive neuropsychiatric pharmacogenomics test available. 

  • Flux Factory, Inc., a technology company founded to drive scalability, sustainability and efficiency improvements across the global building industry, today announced availability of its first product release. Flux is a cloud-based service for architects, engineers, and contractors to seamlessly exchange data, freeing professionals to focus on the higher value creative work, such as reducing cost and delivering performance-driven design. Fueling its momentum Flux also announced it has raised $29 million in Series B financing, co-led by Temasek and Surbana Jurong Private Limited, with other investors including Far East VenturesDFJ, South Park Ventures, Borealis Ventures, and Obvious Ventures.

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