Saturday, May 9, 2015

Funding Box: The Latest Startup News (May 9)

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


incrediblue, a London and Volvos Greece-based online marketplace for yachting holidays, has raised $1.8 million funding round. Connect Ventures led the funding round, with participation from Seedcamp, Howzat Ventures, Firestartr, as well as existing investor Openfund. The company intends to use the funds to expand its operations.

Linc, an Esbjerg, Denmark-based Internet of Things (IoT) startup, has received €150k in funding, the funding was given in the framework of the International startup competition INCENSe (Internet, Cleantech, Enablers, Spark project). The company intends to use the fresh funds to further develop their new smart-building technology.

Glickon, a Milan-based recruiting startup, has raised €175k in funding round led by MCapital with participation from other private investors. The company will use the funds to invest in expanding its team and software development.

Vedantu, a Bangalore-based edtech startup and provider of the online tutoring, has raised $5 million in Series A funding round. Investors included Accel Partners and Tiger Global Management. The company will use the fresh funds to expand the platform to mobile devices.

ItBit, a New York and Singapore-based global bitcoin exchange, has raised $25 million in Series A financing round.Backers included RRE Ventures, Liberty City Ventures and Jay W. Jordan II, as well as new investors James Pallota (Raptor Capital Management chairman). The company intends to use the funds to expand its operations and grow its team.

CharBeat, a New York City provider of real-time analytics platform, has raised $15.5 million in Series C funding round. Harmony Partners led this round, with participation from investors DFJ, Index Ventures, Jason Calacanis, Jeff Clavier and new investor Digital Garage.


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