Friday, May 15, 2015

Funding Box: The Latest Startup Funding News

The Funding Box provides information on venture capital/private equity and startup funding. Here's a list of top startup funding stories.

Geekie, a Brazil-based education technology company, has raised $7 million in funding round. Investors included Mitsui & Co., Ltd. and Omidyar Network as existing investors Gera Venture and Virtuose. The company plans to use the funds for market expansion and product development. Geekie provides an adaptive learning platform designed for learners to improve their performance in different educational settings.

RealMassive, an Austin, Texas-based platform for real-time commercial real state information, has raised  a Series A funding. To date, the company has raised $8 million in capital. RHS investment led this round (which valued the company at $20 million) with participation from Hurt Family Investments, Capital Factory and commercial real estate professionals from HPI Real Estate Services, Aquila Commercial, Avision Young and Insite Realty. The company plans to use the funds to grow its business, to focus more on Austin market and enhance marketing efforts. RealMassive provides commercial real estate professionals with cloud-based platform to collaborate and streamline their marketing campaigns while gaining insight into the performance of their space. 

Silversheet, a Los Angeles-based new healthcare administration software platform for medical facilities and practitioners to collaborate and connect, has raised $2.9 million in seed funding round led by Upfront Ventures, with participation from Rincon Venture Partners, SV Angel, Slow Ventures, BAM Ventures, and Cyan and Scott Banister. The company provides a platform that enables facilities to manage physician credentials from any connected device by digitizing documents, and automating primary source verification. 

Gametime, a San Francisco-based sports ticketing app, has raised $13.3 million in Series A funding round. Accel Partners led this round, with participation from Casey Wasserman, Entertainment and sports executive, Brian Spaly and John Tucker, Trunk Club founders, David Blitzer, and previous investors Vivek Ranadive (Sacramento Kings owner), Jeff Mallett (San Francisco Giants, Vancouver Whitecaps and Derby County FC owner), Sam Shank and Jared Simon (HotelTonight co-founders), and Aaron Levie (Box founder). The funding will be used to support growth with new technology implementation, marketing efforts and hiring. Gametime provides a mobile on-demand sports ticketing platform, it offers last-minute sports tickets for more than 150 teams in 35 markets across the US and Canada.

Ahalogy, a Cincinnati, OH-based provider of Pinterest-focused marketing solution, has raised $8 million in funding round. Investors included Origin Ventures, Hyde Park Venture Partners, CincyTech, North Coast Angel Fund, Vine Street Ventures, Drummond Road Capital, and JobsOhio and Silicon Valley Bank provided debt-based financing. The new funds will be used for expansion. Ahalogy is a Pinterest-focused marketing solution for brands to source, optimize and scale content on the platform.

CoreDial, LLC, a Blue Bell, PA-based SaaS platform provider for channel partners, has scored  $27.5 million in private equity investment. LLR Partners made this private equity investment. The investment will be used to continue to advance its current SaaS services as well as expand its range of cloud-based solutions for channel partners. CoreDial LLC provides cloud-based software and services for managed service providers, IT solution providers and value added resellers channel partners to sell and manage for private labeled cloud communication services .

XAPPMedia, a Washington DC-based provider of an interactive audio content and advertising service, has raised an additional $3.8 million in Series A1 funding round. Investors were not disclosed. XAPPmedia, which has now raised $6.8 million in total, plans to use the funds to continue to expand its interactive audio services to pure-play and streaming radio players. The company provides consumers with interactive audio services for advertising, content discovery and app navigation. 

Vouch, a San Francisco-based social network for credit, has raised $6 million in Series A funding. Investors included Core Innovation Capital, Data Collective, Stanford StartX Fund and Cooley and existing investors First Round Capital, Greylock, IDG Ventures and Angelist. Vouch, which has now raised $9.6 million in total, plans to use the funds to accelerate growth of the Vouch network. Vouch is a social network for credit that allows borrowers to proactively build their creditworthiness to get better rates on loans.

mnubo, a Montreal, Canada-based IoT data analytics startup, has raised $6 million in Series A funding round. White Star Capital ( a transatlantic venture fund) led this round, with participation from McRock Capital (a dedicated industrial IoT fund). The funds will be used to expand its global commercial team, enhance user experience and accelerate its ingoing data science works.

Percolate, a New York-based marketing software platform provider, has raised $40 million in Series C funding round. Lightspeed Venture Partners led this round with participation from existing investors Sequoia Capital, GGV Capital, First Round Capital and Lerer Hippeau Ventures. Percolate, which has now raised $74.5 in total funding, plans to use the capital to expand its market presence in the San Francisco Bay Area, to expand its physical presence in the global markets, and also to explore strategic acquisitions to fuel product innovations. The New York-based company offers a software platform to manage marketing functions in a single dashboard from campaign planning, content creation and global brand management to multi-channel audience acquisition and analytics. 

Paidy, a Tokyo-based card less e-commerce payment and instant credit service from Exchange corporation KK, has raised $8.3 million in Series A funding round. Investors included existing Series A lead Arber Ventures, and new investors SIG Asia and MS Capital. The capital will be used to accelerate product development and bolster its team. Paidy is a card less e-commerce payment service for merchants that allows consumers to buy products online using only their phone numbers and email address.

PipeDrive, a Menlo Park, CA and Tallinn, Estonia-based developer  of sales software for small businesses, has raised $9 million in Series A funding round. Bessemer Venture Partners led this round with participation from Paua Ventures and existing investors Rembrandt Venture Partners and AngelPad. The funding will be used to build product technology and expand its marketing efforts worldwide. The company offers small businesses with cloud-based sales management software featuring sales reporting, mobile apps, Google Apps and Google Maps integration and many more.

Pocket Gems, a San Francisco, CA-based developer of mobile games and interactive entertainment, has received a minority investment from its partner China's Tencent. The investment will be used to expand into global market including China. Pocket Gems is a mobile entertainment company developing free-to-play games.

Receiptful, a London-based API specialist that enables users to send emails, has raised $500,000 in angel funding. Investors included WordPress founder Matt Mullenweg, Buffer founder Joel Gascoigne, Gyft founder Vinny Lingham, Metalab founder Andrew Wilkinson and Collis & Cyan Ta’eed. The funds will be used to continue to continue to build its platform and grow its business. The London-based company is an e-mail marketing tool that integrates with eCommerce stores to send e-mail receipts to increase Customer Lifetime Value.

PlanGrid, a San Francisco-based provider of construction field enablement software, has raised $18 million in Series A funding round led by Sequoia Capital. The company plans to use the fresh funds to expand its platform.  PlanGrid is a cloud-based construction document collaboration platform.

Signal360, a NY-based provider of proximity marketing platform, has raised an additional funding round. Financial terms were not disclosed. Capstar Partners and Raptor Ventures led this round. The funds will be used to expand its operations. The company provides a complete proximity platform including hardware, CRM connection, targeting, and business analytics to allow clients in the retail vertical to identify customers and their behavior. Signal360's proprietary beacons reach mobile devices using patented technology combined with Apple certified iBeacon capabilities for iOS and Bluetooth Low Energy capabilities for Android.

The Muse, a NYC-based career brand for Millennials, has raised $10 million in Series A funding round. Theresia Gouw and Jennifer Fonstad of Aspect Ventures, DBL Partners, and QED Investors this round with participation from founding investors.The capital will be used to expand its operations across the United States.The Muse is a career site for millennial providing expert advice, online skill building classes, and job opportunities. 

MDsave, a Brentwood, TN-based online healthcare marketplace, has raised $12 million in its first funding round. MTS Health Investors, a New York-based private equity firm, led this funding round. The new capital will be used to bolsters its platform. Mdsave provides cash-paying consumers with discounted access to quality healthcare providers for surgeries, imaging, etc.

Tapad, a NYC-based provider of unified cross-device marketing solutions, has raised  $18.5 million in Series B-2 funding round. Investors included Blue Cloud Ventures, Avalon Ventures, FirstHand Technology Value Fund, Inc. FirstMark Capital, G&H Partners, Knight Enterprise Fund, LLC, Silicon Valley Bank and Zanadu Capital Partners LP. The new funds will be used to bolster its licensing business and expand its product offerings. NYC-based Tapad is a marketing technology company that allows marketers to address the reality of media consumption on smartphones, tablets, home computers and smart TVs. Tapad's licensing partners include Oracle's Datalogix, Magnetic and eXelate (Nielsen).

Explain Everything, Inc., a NY and Wroclaw, Poland-based edtech startup, has raised $2 million in Series A funding round. Prague-based Credo Ventures led this round, with participation from from New Europe Ventures, warsaw-based RTA Ventures, and other private investors. The company plans to use the funds to expand adoption of its K-12 education interactive screencasting and whiteboard mobile platform in international market. Explain Everything's platform enables teachers, students, and professionals to interact in dynamic and media-rich ways through features like screen recording, animation, and annotation. 

Image Credit: Geekie

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