Regulus Cyber secured $4M; Electric has raised $7M; Quartz Systems landed $7.8MRead more...
Magic Leap bagged $793.5M; OutSystems completed $55M funding round; Modsy raised $8M
- Modsy raised an $8 million Series A funding round, led by Norwest Venture Partners with participation from existing investors and prominent angels including Eoin Harrington (SVP, Restoration Hardware), Joe Kraus (Google Ventures), Joanne Wilson (Gotham Gal Ventures) and Pascal Levensohn (Dolby Ventures). Founded in 2015, the San Francisco-based company is a home design solution that takes a technology centric approach to design. With this round Modsy has now raised a total of $11.75 million in venture funding.
- Magic Leap Inc., a startup working on a device that simulates reality, raised $793.5 million in a new round of funding led by Alibaba Group Holding Ltd. Other new investors include Warner Bros., Fidelity Management and Research Co., JPMorgan Chase & Co. and Morgan Stanley Investment Management, Magic Leap said Tuesday in a statement. Existing investors Google, which led a previous funding round, and Qualcomm Ventures also participated.
- Salesfloor, a software-as-a-service (SaaS) platform that enables customers to shop online with their local store and associate, closed a $3 million seed funding round led by BDC Capital IT Venture Fund and London based angels Jamie True and Jon Claydon (previous investments include Grapple Mobile and WorkAngel). Salesfloor will use the investment to penetrate global markets and expand product development for new features and industry-specific modules. In addition, funding will also be used to significantly grow the team.
- 5D Robotics Inc., a Carlsbad, California-based developer of automation technology for vehicles, closed $5.5 million in seed funding round. The backers were not disclosed. The company intends to use the funds to accelerate the development of commercial products, software, and solutions into several vertical markets such as Industrial Heavy Equipment, mapping and inspection.
- Riskmethods, a technological market provider in risk identification and risk analysis of global supply chains, secured about $6 million in its Series-A financing round. The Munich-based company, which was founded in 2013, has won EQT Ventures as new lead investor. Existing investors Senovo, Point Nine Capital and Bayern Kapital have also participated in the new funding round. The fresh capital will be used for additional product innovations, an increased presence in Europe, and the setup of a subsidiary in the US.
- Siftery, a database of sorts where companies list their software stacks, raised $4 million from Felicis Ventures, Founders Fund, and Venrock among others. Siftery compares companies with similar stacks and looks for differences to make some recommendations. For instance, if two companies are using the same four services, but a second one is using a different one for marketing, Siftery may recommend that to the first company.
- KnowBe4 Inc., a security awareness training and integrated phishing platform, closed an $8 million round of Series A funding led by Elephant, a new venture capital fund co-founded by Jeremiah Daly and Warby Parker co-founder Andy Hunt. The Series A financing builds on an excellent growth year for KnowBe4 which has seen annual growth of over 350% and consecutive growth for a record 10 straight quarters, with an impressive 950% growth rate since 2011.
- ThirdLove, a fit-centric intimates brand revolutionizing the industry with signature halfcup sizes, announced an $8 million Series A round of financing led by New Enterprise Associates (NEA), with participation from a long list of new and existing investors, including Laurie Ann Goldman, former CEO of Spanx, Lori Greeley, former CEO of Victoria’s Secret Stores, John Hamlin, Chairman of REI, Barry Sternlicht, founder of Starwood Hotels, and Claire Bennett, EVP at American Express and member of the Board of Directors of Tumi.
- Calysta, Inc., a Menlo Park, CA-based developer of sustainable industrial products for food and energy security, raised $30 million in Series C funding. Backers included Cargill, the Municipal Employee Retirement System (MERS) of Michigan and Old Westbury Global Real Assets Fund LLC, and current investors Walden Riverwood Ventures, Aqua-Spark and Pangaea Ventures. In conjunction with the funding, Brian Silvey, Cargill vice president, Corn Milling, and Edward Mikolay, MERS of Michigan senior investment officer and director of Private Markets, will be joining the Calysta Board of Directors.
- Spotcap, a Rocket Internet-founded fintech startup that operates an online lending platform for small businesses, beefed up €31.5 million (approximately $34.34 million) in new funding. The round, which is the company’s third in 18 months, having previously raised €18 million, is being led by Russian private equity firm, Finstar Financial Group, with participation from previous investor Holtzbrinck Ventures. Berlin-headquartered Spotcap says it plans to use the additional capital for further international expansion — it currently lends in Spain, the Netherlands, and Australia — while in a call CEO and co-founder Toby Triebel told me the cash will also be used to improve the service’s UX and provide more liquidity on the platform.
- OutSystems, a Rapid Application Development and Delivery (RAD) platform for the enterprise, completed a $55 million funding round with North Bridge Growth Equity, a growth equity firm that invests in high-growth technology companies. North Bridge Growth Equity joins ES Ventures and Portugal Ventures as investors in OutSystems.
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: mashable.com
Read more from our "Daily Funding Roundup" series
Invisible AI has raised $3.6M; First Dollar picks up $5M; Vndly landed $8.5M; Limbix secured $9MRead more...
KlearNow raised $16M; Medable landed $25M; Sensor Tower secured $45MRead more...
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