Saturday, November 14, 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.

Tripvisto, an Indonesia-based online tour and activity package provider, has completed a $1 million in Series A funding round led by Gobi Partners. Tripvisto, which had received its initial seed investment from East Ventures last year, plans to use the new capital to increase domestic and international inventory, and enhance marketing efforts. 

Founded in 2014, Tripvisto provides Indonesian travelers with tour packages for popular international and domestic destinations. The company works directly with global and local travel agencies and tour operators to source quality tour and activity packages for Indonesia’s emerging middle class. Tripvisto is currently offering packages to over 50 destination countries and 157 cities around the world.

WriteLab, a California-based provider of a platform that gives feedback on writing, has raised $2 million in Series A funding round led by Reach Capital, with participation from Kapor Capital and Learn Capital. The new funds will be used to expand adoption among students. Founded in 2013, WriteLab is an online writing tool leveraging developments in machine learning and natural language processing to blend data-driven analysis with proven pedagogical principles to address specific features of thinking in writing. WriteLab uses probability and statistics to identify patterns in each writer’s choices, it learns continuously from these choices, customizing its algorithms to suit writer’s preferences.

Zola Inc., a New York-based provider of an online wedding and gift registry platform, has raised $10 million in Series B funding led by Canvas Ventures, with participation from Thrive Capital, BBG Ventures, Female Founders Fund and Forerunner Ventures. The company plans to use the funds to continue to expand its registry and marketing efforts. Zola operates a wedding registry, which provides gifts, experiences, and cash funds in one destination, with features that allow couples to control when gifts ship to them, exchange products before they are shipped, and create their own fully customized page.

HotChalk, a California-based online education platform serving universities and students across the United States, has received a total of approximately $230 million in equity funding. Bertelsmann is taking the majority investment, which is still subject to customary approvals and other closing conditions. Founded in 2004, HotChalk provides solutions to universities that enable them to run online degree programs, which include interactive course design and content development tools, marketing, and student recruitment leveraging proprietary data analytics capabilities. 

Image credit: Tripvisto

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