Kin raised $63.9M; Vanta landed $50M; Blind picks up $37; Elucid secures $8MRead more...
Qubit landed $40M Series C investment; Taskbob secured $4.5M; Chainalysis raised $1.6M funding
- Topgolf Entertainment Group (TEG), a parent company of Topgolf, Topgolf Media and Topgolf International, secured a sizable minority investment by Providence Equity Partners. Providence is a private equity firm with $45 billion in assets under management and a focus on media, communications, education and information companies. Terms of the transaction were not disclosed.
- Keeeb, a nextgen discovery and sharing engine for corporate enterprises, announced its expansion into the U.S. market this week. The company closed a $1 million bridge financing led by prominent figures from the U.S. technology industry. Currently based in Hamburg, Germany, Keeeb will have its front office in New York. An A round is targeted for Spring 2016.
- BabyBerry, a mobile app that can help you out with all the right advice and information on kids aged 0-3 years, secured $1 million in angel funding from a group of investors, led by prominent businessman Nitin Bagamane. Others who joined the round include Vinay Goyal, Founder of Instavans, and Navin Patil, an investor from Belgaum. The app, owned and operated by Bangalore-based Cerebrahm Innovations, will use the investment for product development and marketing initiatives.
- Chainalysis Inc., a New York based cybersecurity startup, raised $1.6 million in seed funding. The round was led by Point Nine Capital with participation from Techstars, Digital Currency Group, Funders Club, and Converge VP. Led by Michael Gronager, CEO, and Jonathan Levin, co-founder, Chainalysis provides a regulatory technology platform that enables major financial institutions to to interact with businesses that transact on the blockchain and meet compliance requirements.
- Anyline, a Vienna, Austria-based provider of a text recognition tool for mobile devices, raised €1.5 million (approximately $1.65 million) in funding. The round was led by Gernot Langes-Swarovski Foundation, with participation from iSeed Ventures, Johann Hansi Hansmann, Bernhard Niesner and Lukas Püspök. The company is using the funds to continue to develop ita platform and launch its SDK.
- Magicpin raised $3 million funding from Lightspeed Venture Partners in its series A funding round. Sources said that firm was being incubated at Lightspeed since May last year. Magicpin is the platform where users and merchants in a locality discover, interact and transact. The company focuses on youth as they are the prime and active users of the portal.
- Fyndiq, a Swedish Bargain Superstore, connecting merchants with bargain hunters, closed another venture capital round and raised $3 million. Most of the participants were pre-existing owners, but Karl-Johan Persson has also invested in the company. The company is valued at $27 million dollars in the latest round.
- Mumbai-based on-demand home services app Taskbob secured INR 28 crore ($4.5 million) in Series A round of funding, led by IvyCap Ventures. Existing investors Orios Venture Partners and US-based Mayfield Fund also participated. The funding will be used to selectively expand its presence in multiple markets, focus on product growth and innovation and evaluate strategic acquisition opportunities. Over the next 18 months, Taskbob plans to scale to 10,000 orders per day and achieve profitability at a unit level in Mumbai.
- Trusona, launching from stealth, is unveiling their iOS mobile identity authentication technology which helps ensure the identity of the person on the other side of the login. Accompanying new of the launch from stealth, the Scottsdale, Arizona-based company also completed an $8 million Series A led by Kleiner, Perkins, Caufield and Byers.
- NuoDB, a database for cloud-enabled global applications, completed a new round of financing. Driven by NuoDB's existing investors including Hummer Winblad Venture Partners, Longworth Venture Partners, and Morgenthaler Ventures, the $17 million investment reflects the investors' confidence in the innovative value proposition of NuoDB. The additional financing will enable the company to further refine its differentiated database offering while also expanding sales and marketing efforts to address the demand for cloud-enabled global applications.
- Qubit, a company delivering data-first customer experiences, landed a $40 million Series C investment led by Goldman Sachs Merchant Banking Division, with participation from Sapphire Ventures, and previous investors Accel and Salesforce Ventures. The funding will enable Qubit to more than double its engineering capability and help the leading digital experience management company to continue its growth trajectory. With this funding round, the company has received a total of $76 million funding to date.
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
Capsule raised $300M; Mux landed $105M; Ceribell secured $53M; UCM Digital picks up $5.5MRead more...
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Lightspeed Venture Partners is a technology-focused venture capital firm that manages $1.3 billion of capital commitments. We closed Lightspeed VII, a $480 million fund, at the end of 2005. Over the past two decades, our partners have invested in more than 120 companies, many of which have gone on to become leaders in their respective industries. Our team invests in the U.S. and internationally from offices in Menlo Park, China, India, and Israel.
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