Daily funding roundup - March 7, 2016

Mitos Suson · March 7, 2016 · Short URL: https://vator.tv/n/43ca

Property Partner closed $22.5M; Culture Amp recieved $10M investment; AreaMetrics raised $2M funding

  • Exo, developer of insect-based protein bars, raised $4 million in Series A funding led by AccelFoods. As its name suggests, AccelFoods backs businesses developing innovative approaches to food and beverage. The round also saw participation from a diverse group of new and existing investors, including Collaborative Fund, Start Garden, Tim Ferriss (investor and/or advisor in Facebook, Twitter, and Uber), Nas (the legendary New York rapper), and Amelia Boone (American obstacle racer). Added to $400,000 in pre-seed funding and $1.2 million in seed funding, Exo has raised a total of $5.6 million in venture financing.

  • Consumer analytics platform AreaMetrics, which uses Bluetooth beacons to help shopping malls, retail stores, and restaurants gain insight into customer demographics and shopping patterns, raised a $2 million seed round of financing, led by early stage venture capital firms Startup Capital Ventures and Quest Venture Partners. Other early stage investors, including Seraph Group, Social Starts, and previous angel investors, also joined the round. AreaMetrics had previously raised $500,000 in angel funding, bringing the company's total raised to $2.5 million.

  • Staff Finder, provider of an on-demand platform for filling temporary job positions, secured a new growth equity round led by One Peak Partners and Goldman Sachs Private Capital. The company didn’t disclose the size of the round in the press release, so I’ve reached out to confirm this detail. (TechCrunch has the amount pegged at €20 million, or approximately $22 million). It’s also unclear whether this is the company’s first venture capital round or not, so I’ve reached out to confirm.

  • Property Partner, a property crowdfunding platform based in London, closed a £15.9 million (approximately $22.4 million) funding round led by Octopus Ventures with participation from Index Ventures and Dawn Capital. The company has raised a total of £22.5 million (approximately $31.7 million) in venture capital funding to date.

  • The Floor, a new fintech hub launched in Tel Aviv, Israel, raised $2 million in funding. Pando Group, a Chinese venture capital firm, made the investment. Led by by Avi Cohen, Gil Devora and Moises Cohen, The Floor is a hub providing a platform for startups, entrepreneurs, venture capital firms and banks to connect in one place with the aim to develop and implement financial technology solutions.

  • Attractions marketplace for travelers and travel companies Tiqets landed a $4 million equity Series A round led by Capital Mills, a Dutch venture capital firm. The founders of the 3-year-old startup, based in Amsterdam, raised $1.45 million previously. Tiqets, which has 35 full-time employees, offers travelers mobile tickets to attractions, museums, and entertainment, through its direct-to-consumer channels.

  • NexWafe, a Freiburg, Germany-based developer of wafers to solar cell producers, raised €6 million (approximately $6.6 million) in Series A fundingThe round was led by the Swiss-based private equity firm Lynwood (Schweiz) AG. The company intends to use the funds for the commercialization of the EpiWafer technology.

  • Zaloni, a data lake company, closed $7.5 million in Series A financing led by Sierra Ventures, with participation from Baird Capital. The company, which has been experiencing 100% year over year growth from its data lake management solutions, will use the proceeds to fund further expansion of the Zaloni software suite, sales and marketing, research and development, and international expansion.

  • United Wind, a provider of distributed wind energy solutions, closed an $8 million Series B financing led by Statoil Energy Ventures and Forum Equity Partners. This financing enables United Wind to offer its unique, industry-leading WindLease program to new markets, empowering more customers throughout the Midwestern U.S. and beyond to save on electricity costs by harvesting their on-site wind energy through a fixed rate, 20-year maintenance-free lease without any initial out-of-pocket costs required from the customer.

  • Culture Amp, a people analytics platform for data-driven insights on employee engagement and company culture, closed a $10 million Series B round. The round was led by Index Ventures with participation by Felicis Ventures and Blackbird Ventures. The funding will be used to launch advanced analytics features on the Culture Amp platform, and finance the company's expansion into the U.K. and Europe, with an office opening in London this month. Ilya Fushman, General Partner at Index Ventures will join Culture Amp's board of directors.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: pehub.com

Image Description

Mitos Suson

I am currently affiliated with Vator. I co-produce the Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and I love it!

All author posts

Read more from our "Daily Funding Roundup" series

More episodes

Related Companies, Investors, and Entrepreneurs

Quest Venture Partners

Angel group/VC

Joined Vator on

Quest Venture Partners believes in entrepreneurialism and the magnificent achievements the right team of individuals can accomplish. We invest in early stage companies with great ideas, and even greater people behind them. We typically are the first institutional money in, investing between $100k-$1.5mm, with our sweet spot being around $500k. We believe a successful startup must excel in these six points and more:

  • Surrounds itself with the best and the brightest of ambitious, dedicated and passionate people; the best give the expertise and experience needed, the brightest will always find innovative solutions and the ambition & passion will give the courage required to pick yourself up when you fail.
  • Understands that it will, baring incredible luck, likely fail catastrophically at some point and is always planning for this.
  • Has the patience, courage, conviction, and irrational faith to persevere even when there are better alternatives in the market and when the going gets tough.
  • Recognizes a significant and genuine market pain. Provides a cost-effective and adoptable solution to an undiscovered need or problem that exists and is better than any present, emerging or conceivable alternatives.
  • Knows how to successfully market and monetize their solution. Validates their market pain and monetization plan by lining up potential customers for their solution early on.
  • Executes, executes, and executes. Makes sure to do the right things and to do things right. Thomas Edison is known to have said “Genius is 1% inspiration and 99% perspiration.” He is also known to have said “There is no substitute for hard work.”

AreaMetrics

Startup/Business

Joined Vator on

Shopping malls, retail stores, and restaurants use AreaMetrics to gain powerful insight into customer demographics and shopping patterns. AreaMetrics recognizes customer behavior by leveraging BLE technologies and a large community of mobile partners. Large retailers and restaurants leverage AreaMetrics insights to A/B test marketing, generate traffic, and increase sales.

Startup Capital Ventures

Angel group/VC

Joined Vator on

Startup Capital Ventures is an early stage venture capital firm based in Menlo Park, California with an office in Honolulu, Hawaiʻi. Our geographic focus is Silicon Valley along with selective investments in Hawaiʻi and elsewhere.

Index Ventures

Angel group/VC

Joined Vator on

Many venture firms would be best described as a collection of free agents who pursue their own deals and share offices and overhead with their partners.  They are more mercenary than missionary and will tell you to focus more on the individual partners and less on the partnership.  We hope to have the opportunity to show you how we are different. 

We are true partners who have built our own firm together, brick by brick; the same way you are building your company. When we commit to supporting your company, each and every partner in our firm commits to contributing his or her network, creativity and resources towards achieving your success. We are big believers in the power of teams.

We believe you will want an investor with whom you can build a close, supportive relationship over a number of years, yet who will be bold enough to challenge your thinking and your expectations.  If Index looks like a good fit, we encourage you to learn about us through the stories and news articles on this website.  We invite you to read about the companies we have invested in, and to speak to the entrepreneurs we have partnered with.  Their experience is our best reference.

Seraph Group

Angel group/VC

Joined Vator on

Founded in 2005, Seraph Group is a super angel fund that invests between $50,000 and $1,000,000 in high-growth start-ups, bridging the funding ‘gap’ left by individual angels and institutional VCs. Our growing network of 200 members offers an unparalleled breadth of expertise and a unified passion for helping founders build great companies. As dedicated early-stage investors, we understand how a compelling product becomes a powerful business and commit strategic guidance from the Seraph members best suited to help our companies grow. We also understand the value of time: Seraph Group manages funds and operates with a single Managing Partner that makes quick investment decisions, eliminating the challenge of syndicating angel investors.

Social Starts

Angel group/VC

Joined Vator on

Social Starts is a $20M+ venture fund family. We support entrepreneurs whose companies serve the Social Construct, that change in human behavior generated by social/mobile technology. We invest at the moment of inception and Series A in 5 primary areas: media, marketing analytics, social platforms, mobile commerce and Internet of Things software. Our team has developed dominant media, research and tech companies in the 3 modern tech revolutions – PC, Internet and Social. Our portfolio companies benefit from the resulting rich perspective and world-class connections, a mutually supportive community of more than 130 fellow start-ups, and support from our LPs, who include leading figures in software development, marketing and media from 3 continents.