Nymbl Science raised $2.8M; E.fundamentals landed $6.9M; Speechmatics closed $8.25MRead more...
Big Switch Networks raised $48.5M, Omni-ID secured $21M; CapLinked landed $3.5M funding
- CapLinked, a company offering enterprise clients the ability to share documents securely is announcing it has raised a $3.5 million financing round. The round was led by Subtraction Capital, includes investments from Payal co-founder Peter Thiel and Indicator Ventures. It also includes financing from venture debt lender Western Technology Investment. CapLinked has previously raised a $4 million Series A from Subtraction Capital, 500 Startups, FF Angel and Jason Portnoy, the founding partner of Subtraction Capital. The company has now raised $7.5 million in funding.
- Online seller profiling company eRated, today announced that it has closed a $1.7 million seed round led by Spinach Angels. Also participating in the round are Techstars and leading UK angel investors. With the funding, eRated will accelerate delivery of its online profiling solution for online marketplace users, establishing a unified, holistic user profile comprised of validated web data from hundreds of siloed repositories.
- HiberGene Diagnostics, a company focused on the application of molecular technology to infectious disease testing, has raised a first tranche of €1.5 million (approximately $1.6 million) as part of a total Series B fundraising of approximately €3.5 million. The €1.5 million comes from a number of undisclosed private investors in Ireland, and was mainly raised through the Irish Employment and Investment Incentive (EII) scheme. The funds raised will be used to develop and commercialise tests for Group B Streptococcus (GBS), Clostridium difficile and Norovirus, all of which will be launched in 2016.
- Solovis, a multi-asset class portfolio management and reporting solution for foundations, endowments, pensions, OCIOs and family offices, today announced it has raised $3.25 million in equity financing led by Edison Partners and including MissionOG, OCA Ventures, Timberline Venture Partners, Northwestern University, and technology entrepreneur Jeremie Bacon. Solovis will use the funding to support continued company growth and drive product innovation.
- San Francisco-based accelerator Wearable IoT World announced today the launch of the U.S.-Pan Asia IoT Superhighway, an IoT (Internet of Things) and “emerging technologies” accelerator in Hong Kong. The official launch came after a $4.5 million funding round led by China-based investor Radiant Venture Capital. Superhighway, WIoTW said, will help early-stage Asian startups develop wearable and IoT technologies.
- PayIt, announced today the completion of its Series A funding round totaling $4.5 million. Lead investors in the round include Advantage Capital Partners, Weatherford Partners, Royal Street Ventures and Missouri Technology Corporation. PayIt’s patent-pending mobile platform brings speed and simplicity to citizen-government payment processing for state and local services, such as the DMV, permits and licensing, turnpike passes, income tax, traffic citations and more.
- Fully indigenous mobile operating system, Indus, has raised about $5 million series A funding led by Omidyar Network. The firm will invest the funds in technology, hiring new talent and in expansion into international markets. Formerly known as Firstouch, Mumbai-based Indus OS was founded in September 2013 by IIT-B Alumni, Akash Dongre, Rakesh Deshmukhand Sudhir Bangarambandi.
- London email marketing company Adestra has received a $7.2 million investment from Business Growth Fund (BGF) to fund its push into the US market. BGF has taken a minority stake in the company. Adestra began expanding into the US earlier this year with the opening of its offices in New York and Dallas. The funding will be used to grow the company’s US staff to support its 500 clients globally - including UBM and BMJ, publisher of the British Medical Journal - following some key hires last year to lead its American push.
- New York City-based Alice, a hospitality operations platform, is announcing a $9.5 million Series A round led by Expedia. The round also includes former investors including Laconia, 645 Ventures, and Neuehouse founders. The company plans to use the new round to strategically hire new team members and expand its product offerings.
- ChatWork, a business chat platform, today announced that it secured $12.5 million in Series B funding from JAFCO and other investors to further enhance the product and spur additional use in the U.S., Europe and Latin America. ChatWork helps teams within 86,000 companies from 204 countries and regions increase engagement and work better together without depending on email.
- Telensa, a Cambridge, UK-based provider of smart city solutions incorporating low power wide area (LPWA) wireless technology, raised $18 million in funding. The round included equity funding from Environmental Technologies Fund and debt funding from Silicon Valley Bank. The company intends to use the funds to expand in the smart cities market.
- ZipLine Medical, Inc. announced it has completed a $19 million round of financing. Proceeds from the financing will be used to accelerate worldwide commercialization activities for its Zip Surgical Skin Closure products. The financing was led by new investor, MVM Life Science Partners LLP (“MVM”), a venture capital firm based in London and Boston, which invests broadly across the healthcare sector. The financing includes participation from existing investor China Materialia LLC.
- Omni-ID, a Rochester, NY-based global supplier of industrial RFID tags and visual tagging systems, raised $21 million in funding. Backers included Trillium International, GE Ventures, Stonehenge Growth Equity Partners and YFY group. In conjunction withe the investment, Brian Model of Stonehenge Growth Equity Partners, Ralph Taylor-Smith of GE Ventures, Bingyi Lin of YFY group and George Daddis of Omni-ID joined Omni-ID’s board of directors. The company intends to use the funds to expand its global presence and product portfolio.
- Big Switch Networks, an open networking software startup attempting to disrupt the incumbent data center networking industry, has raked in another hefty round of venture capital funding. The company has raised $48.5 million in a Series C round, its largest yet, from a group of investors that includes the likes of Khosla Ventures, Redpoint Ventures, and Michael Dell’s MSD Capital, as well as Shanghai-based private equity giant CID Group and the Taiwanese contract hardware manufacturer Accton, among others. Including the latest round, Big Switch has now raised a total of $94 million.
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Image source: mobidev.biz
Read more from our "Daily Funding Roundup" series
Rentgrata has raised $1M; Evervault has raised $3.2M; Versameb has raised $6.5MRead more...
Autify raised a $2.5M; Mable landed $3.1M; Building Engines closed $12.7M; McMakler picks up $20MRead more...
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