Swit raised $6M; GetAccept landed $7M; DMC closed $10.3M; NEAR secured $12.1MRead more...
Pivot3 bagged $55M; Menlo Ventures led Series B funding in Usermind; CrowdStreet raised $3.5M
- CrowdStreet, one of the finalists at Vator Splash Oakland 2015, raised $3.5 million in Series A funding. The round was led by Rally Ventures, with participation from seed investors Green Visor Capital, Seven Peaks Ventures and Portland Seed Fund. This brings its total funding to close to $5 million. Launched in 2014, CrowdStreet provides real estate operators, funds and private equity companies a full-service marketplace solution for presenting investments online, marketing opportunities publicly, managing the offer process and maintaining ongoing investor relationships.
- TradeSocio, a fintech company catering to a variety of channels through its disruptive analytics and big data suite, raised a sum of $1.25 million in a seed funding round led by Singapore-based investment holding group, Octava, according to a TradeSocio statement. The influx of cash is important for TradeSocio as it will help fuel and accelerate the group’s growth via sales scaling initiatives, additional marketing campaigns, as well as the execution of its product roadmap.
- CrowdRiff, a Toronto, Canada-based provider of a visual influence platform, raised $2 million in funding. Backers included BDC Capital, Gibraltar Ventures, High Alpha Capital and Foundation Capital. The company intends to use the funds for product innovation, hiring sales and marketing people and build out its visual influence platform.
- Mandaê closed a $2.5 million (BRL R$10 million) funding round from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, with participation from existing investors Monashees+ and Valor Capital Group. This round brings Mandaê’s total funding to USD $5 million (BRL R$16 million). Earlier investors also include Kima Ventures and Hans Hickler, the former CEO of DHL Express USA. The company will use the funds to accelerate growth, scale its operations and continue to expand its team.
- Taiwanese travel e-commerce platform KKday raised $4.5 million Series A funding, led by AppWorks Ventures with participation by 91Capital. According KKday CEO Ming Chen, the funding will go towards expanding the company’s operations in Asia, primarily focussing on Hong Kong, Macau, Singapore and Malaysia.
- Scottish startup eeGeo raised $5 million from a range of investors, including NetSol Technologies, as it looks to continue growing its 3D mapping platform globally. Though the $5 million cash influx isn’t eeGeo’s first outside funding, it is the first that it’s choosing to publicly announce — and it will be used to expedite development of its 3D mapping platform, extend its coverage around the world, and “build a range of market-specific products that customers can personalise,” the company said.
- Cross-border payments company InstaReM received an investment of $5 million in Series A, led by US-based Vertex Ventures. Fullerton Financial Holdings and Global Founders Capital were the other investors. The investment will be used for licencing, geographic expansion, scaling the product, technical teams and marketing of the company that mainly serves Asia.
- Prenetics, a Hong Kong-based medical technology company, raised a $10 million Series A round for its DNA testing technology that helps doctors provide more accurate diagnoses and better understand their patients. This Series A round was put together by Ping An Ventures, with participation from Venturra Capital. Existing investors 500 Startups and COENT Venture also took part alongside Capital Union Investments.
- Striim, Inc. providers of an end-to-end, real-time data integration and intelligence platform, closed an additional $10 million in funding from Atlantic Bridge Capital, increasing the total equity investment of its Series B funding round to $30 million. Striim will benefit from the "Atlantic Bridge Model" for scaling companies internationally, expanding Striim's footprint in Europe. In conjunction with the new investment, Kevin Dillon, General Partner at Atlantic Bridge Capital, will join Striim's Board of Directors as an Observer.
- Usermind, which emerged from stealth, raised $14.5 million in a Series B round, bringing the company’s total funding to $22.1 million.Menlo Ventures led the round with participation from existing investors Andreessen Horowitz and CRV. Based in Seattle, Usemind provides a unified platform for orchestrating business operations.
- Pivot3, an Austin, Texas-based developer of storage-centric hyper-converged infrastructure (HCI) solutions, raised $55 million in equity and bank financing. Backers included Argonaut Private Equity and S3 Ventures. Led by Ron Nash, CEO, Pivot3 is a provider of dynamic hyper-converged infrastructure solutions and predictable flash storage, which allow customers to prioritize data and application performance based on business value.
- Smart doorbell manufacturer Ring of Santa Monica raised a $61.2 Million Series C round from Kleiner Perkins Caufield & Byers and Richard Branson. The investment funds will be used for international expansion into Europe, Australia, New Zealand, South America and South Africa, as well as additional research and development efforts.
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: fortunebuilders.com
Read more from our "Daily Funding Roundup" series
Dataform landed $2M; Unibuddy closed $5M; Anvyl has secured $9.M; Stratasan raised $26MRead more...
Perq raised $6 M; Jacobi closed $7.7M; Lightico landed $14.5M; Sinequa secured $23MRead more...
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