Wednesday, November 25, 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.

Fortscale Security, a San Francisco-based next-generation security provider that uses behaviour analytics to protect against insider threats, has banked a total of $16 million in funding. It also added a pair of new strategic partners, CME Ventures and UST Global. CME Ventures is the strategic investment arm of CME Group while UST Global is an end-to-end digital solutions and IT services provider. The company said the new capital will be used to implement sales and marketing campaigns. Based in San Francisco, California, Fortscale Security’s user behaviour analytics software can identify and eliminate insider threats. It enables analysts and IT teams to act quickly with user intelligence and easy-to-use investigation tools so that they can identify malicious activity and act quickly.

Shiftgig, a Chicago-based provider of a platform which connects people with jobs on their smartphones, has raised $22 million in Series B funding round led by Inc. (NYSE: RENN) with participation from Chicago Ventures, DRW Venture Capital, GGV Capital, Garland Capital Group, KGC Capital, Pritzker Group, Wicklow Capital and individual investors Fabrice Grinda and Sam Yagan (Match.com CEO). The company plans to use the new capital to scale the business launching in new cities across North America region. Based in Chicago, Illinois, Shiftgig offers a people-centered marketplace that connects people to shifts on a mobile device. People select shifts on their terms, choosing which top local employers they want to work while hiring managers fill and manage short term job assignments quickly and reliably.

Once Upon A Time, a London-based integrated marketing agency, has raised £2.5 million in funding round, Calculus Capital made the investment. The fresh capital will be used to continue to expand operations and grow teams. Based in London, United Kingdom, Once Upon A Time provides consumer insight and creative strategies to allow blue chip clients to deliver a continuous customer experience from advertising. The company’s services included strategy, advertising, shopper marketing, Retail POS, AV, digital, social, PR, experiential and CRM. The company’s customers include Universal Pictures, Disney, Warner Bros, Lindt, Russian Standard Vodka, Hasbro and Pfizer.

Deliveroo, a London-based on-demand delivery service for restaurant meals, has raised $100 million in Series D funding round led by DST Global and Greenoaks Capital with participation from existing investors Accel, Hummingbird Ventures and Index Ventures. Deliveroo, which has raised $200 million in total funding, plans to use the new funds for further international expansion. Based in London, United Kingdom, Deliveroo is an on-demand delivery service for restaurant meals. The company delivers local restaurant food to homes and offices through a proprietary technology and logistics platform. 

Zenedge, a Los Angeles-based provider of cloud-based web application security and DDoS (distributed denial-of-service) mitigation solutions, has raised $4.0 million in Series B funding round. Investors included Telus Ventures. Zenedge, which has already raised $7.5 million in total funding, plans to use the fresh capital to build new DDoS mitigation centers in Toronto, Canada and Amsterdam, Netherlands,  expanding the company’s market reach. Based in Los Angeles, California, Zenedge provides cloud-based cybersecurity solutions, specializing in Web Application Firewall (WAF) and DDoS mitigation solutions. Zenedge’s platform protects thousands of web properties and networks for customers in financial services, ecommerce, technology, media & entertainment, and government agencies.

PhishLabs, a Charleston-based cybersecurity services provider, has closed a $7 million in Series B funding round. Atlanta-based growth equity firm Fulcrum Equity Partners made the investment. Fulcrum Equity Partners focused on providing expansion capital to rapidly growing companies. PhishLabs plans to use the funds to accelerate growth. Based in Charleston, North Carolina, PhishLabs provides 24/7 cybersecurity services that protect against threats that exploit people. PhishLabs combines proprietary technology, intelligence, and human expertise to detect, analyze, and stop targeted cyber attacks before they impact target companies. In addition, the company also provides threat intelligence that strengthens existing cyber defenses and optimizes threat prevention strategy. The company launched Spear Phishing Protection, a new security service designed to disrupt spear phishing attacks before it impact and compromise target companies.

Image credit: SiliconAngle

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