Daily Funding Roundup


Daily funding roundup - October 17th, 2018

Memory raised $1M; NowRx raised $7M; Icon raised $9M; Closed Loop Fund raised $10M

Innovation series by Kristin Karaoglu
October 17, 2018
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Memory: Memory, a startup out of Norway and maker of time tracking app Timely, has raised $5 million in further funding. Leading the round is Concentric, and Investinor, with participation from existing investor SNÖ Ventures. The company had previously raised $1 million in 2016 from 500 Startups, and SNÖ. Read more

NowRx: NowRx is a pharmaceutical company that is On-Demand and offers prescription delivery to patients within an hour. NowRx has raised $7 million in Series A funding through the SeedInvest crowdfunding platform. Read more

ICON: Icon is a construction technologies company leading the way into the future of homebuilding by using 3D printing to make major advancements in affordability, building performance, sustainability and customizability. Icon has raised $9 million in seed round led by Oakhouse Partners. Read more

Closed Loop Fund: Closed Loop Fund is a social impact investment fund that provides cities access to the capital required to build comprehensive recycling programs. Closed Loop Fund has raised $10 million from Amazon, which produces a massive amount of cardboard and packaging waste every year. Read more

Mrs Wordsmith: Mrs Wordsmith is on a mission to illustrate the English language, so kids fall in love with words and with learning. Mrs Wordsmith has raised $11 million in Series A funding led by Trustbridge Partners, with participation from earlier investors Reach Capital and Kindred Venture Capital. Read more

Cognata: Cognata provides driving validation platform for the autonomous vehicles industry.Cognata reproduces the sensor input of a real vehicle in a reality grade city model in order to generate relevant edge case and accelerate the development and validation of an autonomous vehicle. Cognata has raised $18.5 million led by Scale Venture Partners. Read more

Smule: Smule develops music-making apps that connect people. The company was founded to enable anyone to create, discover, love, and enjoy music. The company's products include AutoRap, Magic Piano, Guitar!, I Am T-Pain, Ocarina, and more. Smule has raised $20 million from Times Bridge. Read more

Crux Informatics: Crux Informatics offers an informatics platform and secure cloud service help firms focus on what really matters. Crux Informatics has raised $20 million in Series B funding from Two Sigma, Citigroup and earlier backer Goldman Sachs. Read more

SevenRooms: SevenRooms is a reservation, seating and guest management platform for hospitality operators. Sevenrooms has raised an undisclosed amount of funding from the Amazon Alexa Fund. Read more

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to If you want a longer write-up, please do give us a couple days heads up. If you'd like to be included in our Today's Entrepreneur column, please send me your Vator profile.

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Description: Smule develops interactive sonic applications for the iPhone and other technology platforms.   Smule is developing the new sonic net...

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