Wednesday, May 20, 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.

Switch Communications, a San Francisco-based cloud business phone system, has raised $35 million in Series C funding round. Amasia Associates led this round with participation from Felicis Ventures, SoftBank, Work-Bench Ventures and previous investors Andreessen Horowitz and Google Ventures. Switch provides a cloud-based business phone system designed to give businesses a unified communications experience across devices. Its platform can be integrated with Google Apps, shared Google Docs and launch a video call through Google Hangouts. The company also provides UberConference, a teleconferencing and productivity tool. 

Stox, a Limassol, Cyprus-based online stock brokerage startup, has raised $8 million in Series A funding round led by Singulariteam. The company plans to use the funds to further develops its proprietary real equity trading platform. Stox provides a trading platform that features social tools showing which stocks are being traded and how other investors are performing. 

cove, a Washington DC-based creator and operator of a network of shared productive spaces, has raised $2.8 million in Series A funding round. The new funds will be used to support expansion to Boston and other cities. The company develops and operates a network of productive spaces, tech-enabled places in neighborhood where people live and work, where each cove offers members wifi, color printers, comfortable chairs, desks and many more.

Meteor Development Group (MDG), a San Francisco-based company behind the Meteor open source application development platform, has raised $20 million in Series B funding. Matrix Partners led this funding round with participation from Andreessen Horowitz and Trinity Ventures. The company plans to use the new funds to accelerate engineering, support and operations. The company  provides complete open source platform for building web and mobile apps in Javascript featuring multi-device experiences, operation capabilities and a ecosystem of extensions, packages and tools. 

Lodgify, a Barcelona-based vacation rental technology startup, has completed a €600k seed round of financing. Angel investor Chris Hitchen, HOWZAT Partners, Venrex Investment Management led this round with participation from other angel investors Roland Zeller, former CEO of travel.ch and Kilian Thalhammer, former managing director of Rocket Internet startup PAYMILL. Lodgify provides a browser-based services that enables vacation rental owners and managers to create website for their properties and manage their reservations in real-time without paying any commission.

Invisible Media, a NY-based real-time mobile data, predictive decisioning and marketing automation tool, has raised $1 million in seed funding round. SMS Marketing services made the investment. SMS Marketing Services is a data-driven, multi-channel marketing solution company that is backed by private equity company Kinderhook Industries. Invisible Media provides a platform featuring real-time predictive decisioning, a mobile data cloud that aggregates customer and third party data, marketing automation with location-aware messaging support for SMS and Push notifications, and advanced analytics.

Zaption, a San Francisco-based video learning firm, has raised $1.5 million in seed funding round. Investors included NewSchools Venture Fund, redcrest Enterprises, Scion Capital and Telegraph Hill Capital.The funds will be used to expand the its video learning platform and increase US market presence. Zaption provides instructors and trainers a platform to engage learners by adding text, images and relevant questions to existing videos from Youtube, Vimeo and other private video platforms. Zaption's platform features an analytics tools which provides instructors with feedback on how students interact and learn with content.

CloudTags, a data platform developer for the physical store, has raised an additional $2 million in funding round. Investors included IDEA Fund Partners, Alerion Ventures, Knoll Ventures and Hallett Capital. The company plans to use the funds to launch a new service called In-Store Remarketing. CloudTags, which operates in Atlanta, New York, London and Bangalore, provides a data platform for the physical store for customer identification, predictive intelligence and remarketing. CloudTag's platform allows shoppers to research products while in the store via mobile tablets, create lists and opt-in via email. 

EnergySage, a Boston, MA-based online solar energy marketplace, has raised $1.5 million in Series A funding round. Launchpad Venture Group led this round with participation from The New York Angels and the Clean Energy Venture Group. The company plans to use the funds to increase its sales and marketing force and expand partnerships with other companies. EnergySage offers a solar comparison-shopping platform that provides information about solar energy systems that consumers or business owners need to make an informed decision about solar energy and installations.

Farmers Business Network, a San Carlos, CA-based trusted farmer-to-farmer information network, has raised $15 million in funding round. Google Ventures led this round with participation from Kleiner Perkins Caufield & Byers and DBL Investors. FBN is an independent network that connects farmers to share knowledge and receive yield benchmarking, real world product performance analysis, agronomic analytics based on real world data from the FBN community. 

Speakeasy, a San Francisco-based provider of mobile-first conference calling software, has raised $5 million in Series A funding round. Investors included Bessemer Venture Partners and Salesforce Ventures. Speakeasy provides mobile-first conference calling software, which allows businesses to connect, communicate and engage with customers. 

DataHero, a San Francisco-based provider of self-service Cloud BI, has raised $6.1 million in series A funding round. Foundry Group led this funding round. The company plans to use the funds to expand development of its core technology, and scale its operations and support infrastructure. DataHero provides self-service Cloud BI which enables users to identify and understand business metrics, it works well with Salesforce, HubSpot, Marketo, Google Analytics, DropBox, Stripe and Excel. 

Logmatic.io, a Paris-based provider of a logs analytics platform, has raised $1 million in funding round. ISAI Seed Club led this round with participation from SGPA and entrepreneurs such as Thierry Vandewalle, Xavier Gury, Pierre Kosciusko-Mirizet, Philippe Besnard, Bruno Massiet du Biest, Gilles Vaque and Edouard Bugnion. The Paris-based company provides a log analytics platforms that allows developers, devops and operational teams to understand and monitor their systems on a daily basis and gives them troubleshooting capabilities.

Justworks, a New York City-based HR and payments platform, has raised $13 million in Series B funding round. Bain Capital Ventures led this round with participation from existing investors Thrive Capital and Index Ventures. The company plans to use the funds to invest in its core technology and grow its team to support growth. The company provides small and medium-sized companies with a SaaS platform that automates payments, payroll, HR admin, benefits enrollment and government paperworks. 

Gourmant.com, a Florence, Italy-based wine and food community and ecommerce platform, has raised  €470k in funding. Investors included Programma 101 and Club Digitale. The funds will be used to expand its offerings and open physical store to boost market presence. The Italy-based company is an online shopping club dedicated to Italian quality wine and food. It selects high quality wine and food products from Italy and offers them via flash sales events lasting 15 days at discounted prices.

FlyOnWall, a Tel Aviv and New York City-based mobile live streaming startup, has raised $3 million in Series B funding round.  The company plans to use the funds to launch its new live streaming product and expand its product development and marketing works. The company allows users stream live video from their mobile devices and share it anytime, anywhere. Unnamed Investors made the investment.

Coho Data, a Palo Alto-based provider of a web-scale flash storage solution for the enterprise, has raised $30 million in Series C funding round. To date, the company has raised $67 million in total funding. March Capital Partners led this round with participation from Hewlett-Packard Ventures and Intel Capital as well as existing investors Andreessen Horowitz and Ignition Partners. The company plans to use the funds to continue its grow into new markets and to broaden its market reach and capabilities. The company provides a web-scale storage for companies looking to bring the public cloud into their on-premise data centers to increase security and performance.

HighTower, a NYC-based leasing management platform for the commercial real estate industry, has raised $13 million in Series B funding round. RRE Ventures led this round with participation from Bessemer Venture Partners, Thrive Capital, and Pritzker Group Venture Capital. To date, HighTower has raised $22 million in total funding. It plans to use the funds to scale its team, accelerate its product development and expand internationally. The NYC-based company provides web-based software for commercial brokers and owners to manage their end-to-end leasing process.

Mobcrush, a Santa Monica, CA-based live streaming platform for mobile games, has raised $4.9 million in seed funding round. Investors included Raine Ventures, First Round Capital, Lowercase Capital, CrunchFund, Rincon Venture Partners, Crosscut Ventures, Lionsgate, Advancit Capital, Kabam CEO Kevin Chou, former Kabam COO Chris Carvalho, Jari Ovaskainen, Accel Venture Advisor Richard Wolpert, Evan Rifkin of Burstly/Testflight, CAA Ventures, BAM Ventures, and MTGx Ventures. Mobcrush is a mobile video streaming company that enables mobile users to broadcast, watch and chat about games as they play and stream in real-time. The company plans to sue the funds to build and grow its platform.

WayBlazer, an Austin, Texas-based intelligent discovery platform for the travel and leisure industry, has raised $5 million in Series A funding round. The Entrepreneurs Fund led this round with participation from Gobi Partners. The company plans to use the funds too expand the development of its catalog of travel discovery solutions and speed up the delivery of their solutions into the market. WayBlazer operates a travel and hospitality inspiration recommendation and planning platform that leverages IBM Watson and cognitive computing platform to allow travel industry to deliver personalized and relevant information to consumers.

MuleSoft, a San Francisco-based provider of platform to connect applications, data and devices, has raised $128 million in funding round. Salesforce Ventures led this round with participation from new strategic investor ServiceNow, as well as existing strategic  and venture investors Cisco Investments, Adage Capital Management, Brookside Capital, Sands Capital Ventures, New Enterprise Associates, Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners, Hummer Winblad Venture Partners, Morgenthaler and Sapphire Ventures. To date, MuleSoft has raised $259 million in total funding. The company plans to use the funds to accelerate technology platform innovation and expand globally. The company provides companies in 60 countries with an integration platform to connect applications, APIs and data sources, whether in the cloud or on-premises. 

eVolution Networks, a New York-based provider of energy savings solutions for Mobile Network Operators, has raised $22.5 million in funding round. Investors included Berkshire Hathaway Energy subsidiary IES Holding and GE Ventures. The funds will be used to expand the company's presence in the global market and promote its solutions to new industries. The New York-based company provides a software-based smart energy solution that analyzes the mobile network’s traffic needs and adjusts the use of its resources based on real-time demand from subscribers.

BetterCompany, a San Francisco-based provider of a workplace communication platform, has raised $6 million in Series A funding round led by BlueRun Ventures. The company plans to use the funds to prepare for its US launch. BetterCompany had a successful pilot across Canada spending nine months validating the platform with employees at over 1000 companies.

Ripple Labs, a San Francisco-based developer of distributed payments technology and supporters of the Ripple Protocol, has raised $28 million in Series A funding round. Investors included IDG Capital Partners, Jerry Yang’s AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Stephen Schuler, Bitcoin Opportunity Corp., Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures, and Venture 51. The company plans to use the funds to expand internationally. Ripple Labs is a developer of distributed payments technology and supporter of the adoption of Ripple, it's used by banks, money transmitters and clearinghouses as an alternative to correspondent banking to facilitate straight-through processing with no reserve funding required.

TeamLeader, a Belgium-based provider of CRM, and project planning tool, has raised €2.5 million in funding round. Duco Sickinghe's Fortino made the investment. The funds will be used to further develop the software and expand in European market. TeamLeader provides SMEs with a platform for the entire administration featuring CRM, calendar, invoicing, sales, project planning, tickets, time tracking, voice calls (VoIP) and integrated applications.

Aliada, a Mexico City-based housekeeping booking service, has raised $800,000 in seed funding round. Investors included Capital Invent, Variv Capital and Dila Capital. The funds will be used to expand its presence in Mexico City and to other cities.The company operates a housekeeping booking marketplace that matches homeowners and cleaning professionals. 

Palico, a NY and Paris-based provider of a private equity marketplace, has raised $7.3 million in equity funding. Investors were not disclosed. To date, the company has raised $19.2 million in total funding. The funds will be used to develop new services targeting institutional investors and individuals including enriched tools for the buying and selling of secondaries and  the development of new analysis tools. Palico is a regulated private equity marketplace that allows accredited investors to contact fund managers, sponsors of co-investments and sellers of secondary stocks. In addition, the platform also provides news and information about investor profiles, fund performance data and many more.

Collaborative Fund, a NYC-based venture capital firm, has secured its third funding round at $65 million, 33 investors participated in this funding round. Collaborative Fund is a NYC-based venture capital firm that focuses on providing seed capital for creative entrepreneurs who want to build new technologies, products, and services that transform how people do business and the way they live their lives. The firm's investments include AltSchool, AngelList, Assembly, Buffer, Codecademy, Exo, Getable, Grand St., Kickstarter, Lyft, Placemeter, Reddit, TaskRabbit, and Zen99.

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