Thursday, November 19, 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.
Athos, a Redwood City-based provider of wearable tech fitness apparel, has raised $35.5 million in funding  led by Social Capital with participation from MAS Holdings, Lightspeed Venture Partners and Felix Capital, as well as existing investors DMC, True Ventures and angel investor Joe Lacob

The company plans to use the new funds to continue to drive innovation in wearable fitness technology and grow its team. Based in Redwood City, California, Athos provides wearable tech apparel, which gives insights into physiology and performance to people of all fitness levels. Athos measure muscle performance using EMG (electromyography), as well as heart rate and acceleration. 

DemandJump, an Indianapolis-based provider of an actionable intelligence marketing platform, has raised $750,000 in seed funding. Investors included 4G Ventures and Hyde Park Venture Partners. The new capital will be used to continue to develop its platform and expand operations. Based in Indianapolis, Indiana, DemandJump provides an intelligence marketing platform which leverages digital data to allow companies to discover opportunities specific to them, eliminate data silos, blind spots, optimize budget allocation and drive revenue growth.

Card.com, a Santa Monica-based online financial services provider,  has received a $9 million growth capital facility. Investors included Columbia Pacific Advisors‘ Growth Capital strategy and Fenway Summer Ventures. The fresh capital will be used to expand its customer base and operations. Based in Santa Monica, California, Card.com provides accounts that enable customers to instantaneously deposit funds through their mobile device.

test IO, a Berlin-based self-service crowdtesting platform for app and web developers, has raised $5 million in Series A funding. San Francisco-based Turn/River Capital made the investment. The company plans to use the new funds to accelerate growth, which include its U.S. market launch. Based in Berlin, Germany, test IO enables developers, quality assurance personnel and product managers to connect to a crowd of thousands of qualified software testers experts in examining mobile apps and websites. Customers include Volkswagen, Red Bull, Thomas Cook, Innogames, Jack Wolfskin and many more.

Nuvolo Technologies, a New York-based developer of enterprise applications on the ServiceNow platform, has received $2 million in seed funding. Investors included New Enterprise Associates (NEA) and ServiceNow. Nuvolo plans to use the funds to accelerate product development and beef up sales organization. Based in New York, NY, Nuvolo Technologies provides software built on ServiceNow platform offering healthcare, life sciences, manufacturing and facilities asset management solutions for the enterprise. Currently, the company's platform is available as an enterprise cloud solution for managed service providers.

ArabiaWeather Inc., a Jordan-based provider of accurate weather information for businesses and consumers, has announced a new round of funding totaling $5 million, following the $2.1 million it raised earlier this year. Silicon Badia and Wamda Capital led this funding round, with participation from founding investors Jabbar Internet Group and DASH Ventures. The funds will be used to continue growing ArabiaWeather’s consumer and enterprise offerings in the Middle East region. Based in Amman, Jordan, ArabiaWeather provides its customers with high-quality and tailored solutions backed by an extensive network of automatic weather stations. The company is the first and largest private weather company in the Middle East region, it serves millions of consumers across the Middle East and North Africa region with accurate weather forecasts, information and contents, delivered through its web and mobile properties. In addition, The company is also expanding its video coverage and content, launching new specialized mobile apps targeted at weather aficionados.

Tuition.io, a Santa Monica-based student loan management company, has raised $5 million in Series A financing. Investors included MassMutual Ventures, Wildcat Venture Partners, and Mohr Davidow Ventures. The new funds will be used to accelerate enterprise customer acquisition, grow sales and boost market position. Based in Santa Monica, California, Tuition.io provides a student loan management platform that enables global companies to offer student loan payments as an employee benefit. 

Eve, a London-based e-commerce mattress startup, has secured a £2.5 million Series A funding. Investors included DN Capital and Octopus Ventures. Eve plans to use the funds for international expansion and new product development launch. Based in London, UK, Eve makes a mattress which comes with a 100 night sleep trial and a ten year guarantee.


Image credit: Fitneass

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