Startup Roundup: Who's Getting Funded?
Here's our Startup Roundup: a (close-to-) comprehensive list of each of the startup companies in payments and/or eCommerce to receive at least $1 million in funding from equity investors in 2013. We’ll update this list regularly, with funding dates, amounts, and quick company bios. Missing someone? Tell us in the comments!
Marqeta - May 16, $14 Million
The payments platform Marqeta, which has partnered with Facebook for its Facebook card, indicated it has garnered $14 million in Series B funding. This round was led by investors Greylock IL, Commerce Ventures and Granite Ventures as well as unnamed angle and strategic investors, a press release from the company said. These investments follow the $7.3 million the company raised in Series A Funding.
BitPay - May 16, $2 Million
With the help of Founders Fund, a group that includes three of PayPal's founders, Bitcoin payment processor BitPay recently received $2 million in funding. Tony Gallippi, the co-founder and CEO of BitPay told PYMNTS.com that it was not looking to raise the money, but felt that the group's offer was too difficult to turn away due to the experience of its members. BitPay further said it plans to use the funds to "continue to build out the platform."
Vend - May 15, $6 Million
As part of its ongoing effort to provide POS services that use existing merchant hardware, New Zealand-based Vend announced $6.5 million in funding last week. VentureBeat indicates that half of the funds came from investors in the company's home country and Australia. Currently, Vend's solutions are used in 6,500 stores in 100 countries.
Pangea Payments - May 14, $1 Million
Pangea Payments, a Chicago-based money transfer service brought in $1 million as part of its latest seed funding round. OCA Ventures, Origin Ventures, FireStarter Fund and i2A Fund were all named as investors, as were several notable angel investors. This marked the first time the company has passed the million-dollar milestone in a funding round, according to the press release.
Namshi - May 13, $13 Million
Namshi, a popular online fashion store targeting consumers in the Middle East and run by the German-based eCommerce conglomerate Rocket Internet, has announced it has raised $13 million largely from funding provided by Summit Partners. This marked the second time the equity firm invested in Namshi, having dedicated funds to the project as recently as January. To date, TechCrunch estimates Namshi has raised roughly $34 million.
TransferWise - May 13, $6 Million
Last Monday, the London-based international money transfer service TransferWise received $6 million from noted entrepreneur and former co-founder of PayPal Peter Thiel. The additional funding brought the company's Series A funding round to an end. Together with previous rounds of seed funding, TransferWise has received more than $7 million since its launch in 2011.
Namshi – May 13, $13 Million
Rocket Internet-backed Namshi has received $13 million in funding from Summit Partners, according to TechCrunch. Namshi is an eCommerce fashion site based in the Middle East, which TechCrunch deems as a “Zappos clone.” Namshi was started back in 2012 and sells its products in six countries, namely U.A.E., Saudi Arabia, Qatar, Kuwait, Oman and Bahrain. The company has raised $34 million to date, $14 million of which have come from two funding rounds from Summit.
AvantCredit – May 9, $34 Million
AvantCredit took another step toward its goal of becoming a $1 billion business in five years last week when it announced a $34 million round of equity and debt funding from August Capital and Victory Park Capital. Of that total, $9 million was part of its Series A funding, while the remainder was a $25 credit facility. To date, the company's loan portfolio is worth more than $4 million.
Coinbase – May 7, $5 Million
Led by Union Square Ventures, Coinbase, an 11-month-old startup that functions as an online wallet to store Bitcoin, raised $5 million in a Series A deal last week. This was far greater than the $600,000 the company earned in September of 2012 during its seed round. The company says that so far it has encouraged customers to convert $15 million into Bitcoin.
Poppin – May 2, $11.1 Million
Poppin cozied up to $11.1 million in a Series B funding round this week, as the “office furniture and workstyle products” eRetailer now has $17.1 million in total backing. TrilogyGrowth led the round, with Shasta Ventures, First Round Capital and Poppin founder J. Christopher Burch chipping in as well, according to VentureBeat. Fab.com, Kate Spade, LinkedIn and Pandora are some of the companies higher-profile clients.
OnDeck – May 1, $17 Million
A startup looking to help “mom-and-pop” businesses receive the type of funding generally reserved for those in the tech industry, OnDeck raised $17 million this week as it builds out its online lending platform. The money represents an expansion of its Series D round, which was led by Google Ventures, and included backing from Peter Thiel. OnDeck has now raised $100 million in total, and its Series D round sits at $59 million.
ClickTale – April 30, $17 Million
An “in-page analytics” provider that tracks online behavior on a whole new level, Clicktale grabbed $17 million in backing this week as it looks to provide a unique set of online data. According to VenturBeat, the company tracks not only clicks that result in pageviews, but every click and scroll from every user on a website, and then presents that information to businesses in the form of a heat map. Amadeus Capital Partners led the round, with Goldrock Capital and Viola Credit chipping in as well.
Dwolla – April 30, $16.5 Million
Dwolla is a well-known online payments network hailing from the Midwest that received a boost of $16.5 million this week. Andreessen Horowitz led the round, adding another big-name investor to existing backers such as Union Square Ventures, Village Ventures and Thrive Capital. Dwolla CEO Ben Milne wrote that Dwolla will use the funding to build out its product, marketing and business teams, as well as expand its workforce in Iowa, New York and San Francisco.
Tango Card – Apr. 29, $4.1 Million
Tango Card is a digital gift card aggregator based in Seattle that just landed a Series B round of $4.125 million, according to TechCrunch. Tango Card grabs deals from major retail brands like Amazon, Target and iTunes, and plans to use the funding to launch the first stages of its international expansion. Allegro Venture Partners led the round, with Floodgate, Swan and Legend Ventures, Western Technology Investments and Innovation Endeavors also participating in the round. The company has raised $6.925 million to date.
Datalogix – Apr. 25, $25 Million
Datalogix is a company that takes offline purchase data, compiles said data with other information and then packages and sells anonymous profiles to major companies such as Google, Facebook and Yahoo. The Denver-based startup just nabbed a $25 million Series B round led by Institutional Venture Partners, with General Catalyst, Costanoa Venture Capital and Sequel Venture Partners contributing as well, according to TechCrunch. Datalogix has now raised a total of $40 million in backing.
Dynamic Yield – Apr. 24, $2 Million
An Israeli startup looking to personalize eCommerce experiences, Dynamic Yield grabbed $2 million this week in a round of institutional funding. Bessemer Venture Partners led the round, with The New York Times Company and Innovation Endeavors chipping in as well. VentureBeat notes that Dynamic Yield powers around one billion monthly pageviews as it personalizes eCommerce content in real-time.
FastSpring – Apr. 24, “Undisclosed Amount”
Pylon Capital invested an “undisclosed amount” in FastSpring this past week, making the first time the eCommerce solution has accepted outside funding. FastSpring lets businesses outsource their eCommerce infrastructure and plays in the SaaS space. TechCrunch notes that FastSpring’s will undergo role changes as well, with CEO Dan Engel becoming SVP of Marketing.
ZooZ – Apr. 23, $2 Million
Mobile payments platform ZooZ grabbed $2 million in Series A funding this week, with Portola Valley and Xeed Capital leading the round. Rhodium contributed as well, and ZooZ now has a total of $3.5 million in backing to its name. ZooZ CEO Oren Levy said the company is focusing on a payments platform that leads to higher conversion rates for retailers and developers alike.
Kreditech – Apr. 22, ~$3.5 Million
The Samwer Brothers finally put their new Global Founders Capital firm to use this week, pouring a "mid-7-figure" investment into German credit scoring and microlending startup Kreditech. Existing investors Blumberg Capital, Point Nine Capital and H2 Investment partners contributed as well. You can read more about Kreditech's new backing here.
Crowdtilt – Apr. 18, $12 Million
Crowdtilt is described as “the Kickstarter for any group,” and the group fundraiser nabbed $12 million in backing of its own this week in a Series A round. Notable investors include Sean Parker and Path’s Dave Morin, while Andreessen Horowitz led the round, per TechCrunch. Crowdtilt has now received just over $14 million in total funding.
Fits.me – Apr. 18, $7.64 Million
Fits.me is a London-based virtual fitting room that nabbed $7.2 million in Series A funding this week. Fits.me is designed to lower online shopping return rates by letting shoppers visualize how garments will fit them. SmartCap, Conor Venture Partners, Fostergate Holdings and The Entrepreneurs Fund contributed to the round.
GoCardless – Apr. 18, $3.3 Million
UK-based GoCardless was founded in 2010, and helps businesses of all sizes set up automatic bill pay, direct debits and recurring payments. Accel Partners and Passion Capital led the Series A round of $3.3 million. GoCardless already has 5,000 merchants in the UK, and now plans to expand across Europe.
BodeTree – Apr. 17, $1.4 Million
BodeTree is a company dedicated to helping small business owners get a better grasp on their finances. The startup grabbed $1.4 million in seed funding, with Greenline Ventures leading the way, according to TechCrunch. The company has more than 5,000 paying customers, who fork over $49.95 a month or $495 per year.
Fuseball – Apr. 16, $2 Million
Fuseball is a subscription-based online billing platform that’s raised $2 million in funding this week. OMERS and Covington – two of Canada’s stop investing firms – contributed to the round, according to TechCrunch. Fusebill CEO Steve Adams said the financing will go towards expanding the company’s offerings and growing its user base.
BuyReply – Apr. 15, $1 Million
Valar Ventures, Square Peg Ventures, Adrian MacKenzie and others pitched in $1 million for BuyReply: an eCommerce service allowing users to make purchases from offline media such as emails, print, SMS and from services like Twitter. Consumers need to set up a BuyReply virtual wallet from the service’s website before use, reports TechCrunch.
HomeShop18 – Apr. 12, $30 Million
An eCommerce shopping giant in India, HopeShop18 raised $30 million this week, from equal backing from OCP Asia and Network 18. The company is rumored to be aiming for a $100 million IPO. Read more here.
Relay Foods – Apr. 12, $8.25 Million
Relay Foods is an eCommerce grocer that sells food from local vendors and was founded in Virginia in 2009. The company will work with TomorrowVentures and Battery Ventures to build a mobile platform and expand its team, per TechCrunch. They raised $8.25 million through a common stock-only sale.
ByPass – Apr. 10, $3.5 Million
ByPass is a payments SaaS provider that raised a round of funding led by eBay and AEG this week, grabbing $3.5 million. Notable individuals such as Nolan Ryan and Red McCombs contributed as well. ByPass focuses on helping high-volume merchants like sporting venues revamp their ticketing services.
Zozi – Apr. 5, $10 Million
Zozi is a daily deals site-turned-high-end trips and adventures offer provider that grabbed $10 million this week. The Series B1 funding came from Launch Capital, with 500 Startups, Forerunner Ventures and others pitching in as well. Zozi has now raised $17.5 million as it continues to build on its new business model.
SavingStar – Apr. 5, $9 Million
A company that claims to be the “only national fully digital grocery savings service,” SavingStar grabbed $9 million in Series C funding this week, as it seeks to expand its service. Venture capital firm DCM led the round, with Flybridge Capital Partners, First Round Capital, IA Ventures and others pitching in as well. The funding comes right around the time of the company’s two-year anniversary.
Jusp – Apr. 4, $6 Million
Jusp is deemed by VentureBeat as an “Italian Square clone,” and the mPOS company grabbed $6 million this week. Italian VC firms Principia Sgr and Vertis Sgr contributed to the round, which Jusp hopes to use to expand to other countries. Jusp functions similarly to competitors such as iZettle and Payleven.
MokiMobility – Apr. 4, $2 Million
MokiMobility is a company we’ve covered on the site recently, and the startup announced a new $2 million Seed funding round this week as it looks to expand its platform. Epic Ventures led the round, with Spencer Tall of Allegis Capital and Tyler Smith of Fusion-IO also contributing. MokiMobility also announced a partnership with Revel Systems this week as well.
Bownty – Apr. 4, $1.1 Million
Just making the Startup Roundup cut is Bownty, a Denmark-based daily deals aggregator that raised $1.1 million in backing. Bownty operates in the U.K., France, Spain, Germany and Denmark, and aggregates over 2,500 deals from over 100 daily deals sites every day, according to TechCrunch. Danish SEED Capital and Accelerace Invest contributed to the round.
Snapdeal – Apr. 1, $50 Million
Snapdeal is an Indian eCommerce marketplace that raised $50 million in funding in a round led by eBay, VentureBeat revealed this week. Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners also contributed to the round. Snapdeal has now raised $102 million in total funding. TechCrunch reports that Amazon was also interested in investing in the company.
MyBuys – Mar. 29, $1 Million
A service that monitors consumer behavior and then offers specific products or services through targeted offering, MyBuys raised $1 million this week, according to VentureBeat. MyBuys uses a combination of email promotions, ads and snail mail to reach its audience. MyBuys Palomar Ventures, Lightspeed Venture Partners and RHO Ventures contributed to the round.
Deliv – Mar. 28, $1 Million
Piggybacking on the recent same-day delivery craze, Deliv focuses on letting major retail chains provide such a service through a crowdsourcing model. The company grabbed $1 million in seed funding this week, as VentureBeat notes. General Catalyst, Redpoint Ventures, Trinity Ventures, PivotNorth and Operators Fund all contributed to the round.
DemandBase – Mar. 27, $15 Million
DemandBase is another company looking to cash in on targeted advertising, but tries to do so with a B2B approach. DemandBase raised $15 million this week in a round led by Scale Venture Partners, with Sigma Partners, Atlos Ventures, Costanoa Ventures, Sutter Hill Ventures and Adobe Systems also pitching in, per VentureBeat reporting. DemandBase has raised $44 million in total to this point and plans to expand its U.S. and European activities with the backing.
Centzy – Mar. 27, $1.6 Million
Described by TechCrunch as a startup focused on “putting prices, store hours, ratings and specials for convenience-oriented businesses online,” Centzy has raised $1.6 million. Centzy launched at TechCrunch Disrupt in May 2012, and has raised over $2 million in total funding to this point. Cowboy Ventures, Founder Collective, Lightbank, ff Venture Capital and angels from AngelList all contributed to the latest round.
Decide.com – Mar. 22, $8 Million
Decide.com is an eShopping startup that raised $8 million this week, according to VentureBeat. The company uses massive amounts of data to find the best-rated products from major U.S. retailers, and also predicts future prices on over 1.6 million items. This is Decide.com’s third round of funding, and was led by Vulcan Capital with Maveron and Madrona Venture Group participating as well. Decide.com has raised $17 million to date.
Luxa – Mar. 21, $5.3 Million
Luxa is a Tokyo-based startup that offers coupons and discounts on expensive, high quality items and services through daily deals. The company raised $5.3 million this week thanks to a round backed by Japanese VC firm JAFCO, according to VentureBeat. Some of the goods Luxa offers discounts on include food, premium sake, cosmetics and spa treatments.
Masabi – Mar. 20, $2.8 Million
Mobile ticketing solution Masabi is a startup that delivers mTicketing tech for the transportation industry, according to TechCrunch. The company focuses on letting consumers use mobile phones instead of paper tickets or smartcards to buy tickets and tokens. Fontinalis Partners led the $2.8 round they raised this week, with MMC Ventures and m8 Capital contributing too.
Videdressing – Mar. 19, $6 Million
Earlybird Venture Capital led a $6 million round of funding for Videdressing this week. An eCommerce site that aims to offer discounts on curated apparel and accessories, Videdressing will use the backing to expand in its original French marketplace, as well as enter English-speaking markets too. DN Capital, Piton Capital and Generis Capital also contributed to the round, per VentureBeat.
Bebestore – Mar. 14, $10.2 Million
Founded in 2009, Bebestore is a Brazilian eCommerce site focused solely on clothing and toys for babies and young children. Bebestore raised $10.2 million this week in a Series B round, with W7 Capital and Atomico leading the backing. According to TechCrunch, the company has now raised a total of $17.8 million.
Turn – Mar. 14, $2.7 Million
VentureBeat describes Turn as a “social/marketing/eCommerce platform,” and the company raised $2.7 million of what may turn out to be a larger round this week. Turn has grabbed $57.5 million in four total funding rounds so far.
Endgame – Mar. 13, $23 Million
Endgame is an online security company that raised $23 million in its second round of funding this week. According to VentureBeat, the company recently added Christopher Darby, CEO of the CIA’s venture arm In-Q-Tel as a chairman. Paladin Capital led the round, with Kleiner Perkins Caufield and Byers, Bessmer Ventures, TechOperators and Columbia Capital pitching in as well.
500friends – Mar. 12, $5 Million
500startups is a service that generates loyalty programs for physical stores, and it raised $5 million in Series B funding this week. Intel Capital led the round, with new investor Fung Capital and previous supporter Crosslink Capital also pitching in, per TechCrunch. The company has now raised a total of $12 million.
Casabu - Mar. 11, $1.4 Million
Casabu is a U.K.-based flash sales startup that targets online-savvy moms with clothing, toys and nursery equipment sales, according to TechCrunch. The company rasied $1.4 million in Series A funding in a round led by Ingenious Ventures, with existing investor Horatio Investments participating as well. Casabu was founded in 2011 and had previously raised around $357,000 in funding.
Jumia – Mar. 6, $26 Million
In what seems like a bi-weekly occurrence, a Rocket Internet startup has raised a huge funding round. This week it’s Jumia, the “Amazon of Africa,” grabbing $26 million in funding from Summit Partners. Jumia is currently active in Egypt, Morocco, the Ivory Coast, Ghana, Nigeria, Kenya and South Africa, according to VentureBeat.
MyPermissions – Mar. 6, $1 Million
MyPermissions grabbed its first round of funding this week, landing $1 million from a group led by lool Ventures, 500 Startups and 2B angels. Plus Ventures and Robby Hilkowitz participated as well. MyPermissions attempts to better inform users on how their information is stored and used around the web, aiming to give them more control over those settings as well, says VentureBeat.
Soldsie – Mar. 6, $1 Million
Soldsie is a service that allows for Facebook commerce, or “fCommerce,” which raised $1 million in seed funding this week. The company claims to have signed up more than 100,000 Facebook users and currently processes over $1 million per month. 500 Startups, e.ventures and FundersClub led the round.
Hybris – Mar. 5, $30 Million
A massive $30 million funding round makes Hybris the biggest winner of the week, as the company continues to build on its software solutions that allow for multi-channel eCommerce. Hybris plans on using the funding to expand its business in North America and Europe as well as look into opportunities in Asia-Pacific, according to TechCrunch. Meritech Capital Partners, Greylock Israel and Hunstman Gay Global Capital all contributed to the round.
Farfetch – Mar. 3, $20 Million
Farfetch is an online marketplace for boutiques based in London that raised $20 million in funding this week. Fashion publication Conde Nast led the round, with Index Ventures, Advent Venture Partners and e.ventures contributing as well, according to TechCrunch. Farfetch will use the investment to enter into new markets.
Plastiq – Feb. 28, $6 Million
A company focused on bringing plastic card payments to industries that otherwise lack means to accept such payments, Plastiq has raised $6 million in Series A funding. Atlas Venture and Flybridge Capital Partners led the round, with NextView Ventures, Greenoaks Capital and others contributing. Plastiq has now raised a total of $8.35 million in outside funding, according to TechCrunch.
StellaService – Feb. 27, $15 Million
Described as a “Nielson for eCustomer service” by TechCrunch, StellaService is a company that aims to measure the customer service provided by online retailers. StellaService has raised $15 million in Series B financing, with Norwest Venture Partners leading the round. Battery Ventures, DFJ Gotham Ventures, RRE Ventures and Forerunner Ventures contributed as well, and StellaServices’ total backing now sits at $22 million.
Tuition.io – Feb. 27, $1 Million
Tuition.io is a company focused on letting college grads manage their student loans from a central platform. Just six weeks away from its launch, Tuition.io has raised $1 million in seed funding in a round led by Mohr Davidow Ventures, with several other individuals and smaller VCs contributing as well. Tuition.io has also announced that it passed the $250 mark in total user debt under management.
Linio – Feb. 25, $26.5 Million
Stop us if you’ve heard this before: Linio is a Rocket Internet clone that’s raised a huge round of funding as it aims to become the biggest eCommerce player in Latin America. Linio raised $26.5 million from Summit Partners: separate from the eight-digit sum” it raised from Tengelmann Group earlier in the month, as TechCrunch notes. The company also raised $40 million in November 2012, so it’s clear Linio has plenty of believers.
uBank – Feb. 25, $8 Million
A Russian mPayments startup that plans to push for global expansion, uBank raised $8 million this week in a Series A funding round. uBank also wants to extend its platform to Windows Phone and Blackberry 10 platforms, in addition to Android and iOS systems. Runa Capital was responsible for the funding.
Mambu – Feb. 14, $2 Million
Launched in May 2011, Mambu is a cloud-based platform that lets micro-financers manage the services they provide to customers, writes TechCrunch. The company raised $2 million in Series A funding from Point Nine Capital this week, and is based in Berlin. Mambu plans on using the new backing to expand its micro-finance expert team, and to grow its global customer base.
On Deck – Feb. 13, $42 Million
On Deck is an online local lending company that offers short-term loans ranging form $5,000 to $150,000 to small businesses, sometimes making decisions within a day. On Deck raised $42 million in Series D funding from Institutional Venture Partners, according to TechCrunch. The company says it’s given out $400 million in loans to small businesses since 2008.
Verve Mobile – Feb. 13, $14 Million
Verve Mobile is an ad network centered on geo-fencing ads that grabbed its third round of funding this week. The company earned $14 million from Nokia Growth partners and Qualcomm, and has now raised at least $21 million in backing. Verve reaches 108 million monthly uniques and sees 6 billion monthly impressions, according to TechCrunch.
Getonic – Feb. 13, $1.3 Million
Israeli company Getonic is a social shopping platform that lets businesses set up online shops, called “POPshops,” quickly and efficiently. The company raised $1.3 million in funding from Rutledge Vine Capital, private investor Mortimer Singer and angel investors. Getonic was founded in 2010.
LINIO – Feb. 11, “Eight-Digit Euro Sum”
A Colombian startup looking to break into the eRetail market for consumer electronics, LINIO grabbed an “eight-digit Euro sum” from Tengelmann Group this week. The company wants to cement its holding on countries such as Mexico, Peru and Venezuela and others in the Latin American market. AB Kinnevik, JP Morgan and Summit Partners have also invested previously, according to VentureBeat.
Livrada – Feb. 11, $1 Million
Livrada is a company that’s working on new types of eBook gift cards that allow users to gift specific books to friends, rather than just generic gift cards. The platform may be especially useful for self-publishers, as TechCrunch notes. Livrada has now raised $1 million in a round led by ICG Ventures, with backing from family and friends included as well.
ParkMobile – Feb. 11, $6.3 Million
Mobile parking payments company ParkMobile nabbed $6.3 million in financing this week with current investors BCD Holdings, ParkMobile Group, Fontinalis Partners and Bluefield Investments all chipping in, according to The Paypers. Parkmobile allows consumers to pay for parking spots using their mobile phones, the Internet or a toll free number and recently expanded to Philadelphia.
Nomi – Feb. 11, $3 Million
Nomi is a company that helps “retailers fight Amazon,” in the words of All Things D, as it offers better service by tracking consumer behavior across online channels as well as when they’re actually in-store. The company raised $3 million in seed funding this week in a round led by First Round Capital, with Greycroft Partners, SV Angel, Forerunner Ventures and others all contributing. Nomi is based in New York and was founded by former Salesforce.com and Buddy Media execs.
MyTime – Feb. 7, $3 Million
MyTime is an online appointment-making service that allows consumers to see all open appointment times for specific services in a city. Users can book appointments and make payments from the app as well, according to VentureBeat. The company raised $3 million from Mark Suster, Dave McClure, Brian Lee, David Tisch and Jason Calacanis, among others. MyTime is currently only live in L.A. but plans to expand.
ecoATM – Feb. 6, $40 Million
San Diego-based ecoATM grabbed $40 million in debt financing this week from Falcon Investment Advisors as it plans to expand nationwide. The company produces terminals that accept used mobile devices and tablets, and provides consumers with cash in return. EcoATM has grown from 50 kiosks to 300 in the past year, and hopes to be at 600 or 700 kiosks by the end of 2013.
Hailo – Feb. 5, $30 Million
Hailo is an on-demand taxi service that raised $30 million for a newly created Japanese subsidiary this week as it looks to expand to Tokyo. Japanese telco KDDI was heavily involved with the funding, and Union Square Ventures and Richard Branson participated as well.
Ribbon – Feb. 5, $1.6 Million
A startup intent on bringing payments functionality to Facebook news feeds, Ribbon raised $1.6 million in funding this week, with Draper Associates, Siemer Ventures, MicroVentures and several individuals all contributing to the backing. Ribbon had previously raised $120,000 from AngelPad and launched in July of 2012.
Zimride – Jan. 30, $15 Million
Perhaps best known as the parent company of ride-sharing service Lyft, Zimride raised $15 million in funding this week from a round led by Founders Fund. Mayfield Fund, K9 Ventures and Floodgate also contributed. Lyft announced its funding shortly after Lyft revealed that it has settled with California regulators and expanded to Los Angeles.
Fanduel – Jan. 30, $11 Million
Fanduel is a Fantasy sports gaming site that lets users bet on daily games and can do so legally since predicting sports outcomes is considered a skill, not luck. The company has been around since 2009 and paid out $50 million in league winnings in 2012, according to VentureBeat. The company raised $11 million in its third round of funding from Comcast Ventures and existing backers Piton Capital, Pentech Ventures and Bullpen Capital, among others.
Linkwell Health – Jan. 30, $11 Million
Wellpoint, Spark Capital and HLM Venture Partners contributed to an $11 million series C round for Linkwell Health this week. Linkwell offers discounts, coupons and content to help consumers make healthier choices by partnering with health plans, consumer brands and grocery chains, according to TechCrunch. The company has now raised $20 million in total since its 2007 launch.
FlexMinder – Jan. 30, $1.4 Million
FlexMinder is an enterprise SaaS company that operates in the healthcare world, automating the reimbursement process for fixable spending accounts (FSAs). The company raised $1.4 million this week from WRF Capital, Founder’s Co-op and other angel investors, they said on their site. FlexMinder says they already have 260,000 participant commitments form third party administrators.
Ringadoc – Jan. 29, $1.2 Million
Ringadoc is an interesting startup aiming to be the “frontline of primary care” by charging a flat fee to allow subscribers to speak to real doctors at any time of day, according to TechCrunch. The company raised $1.2 million in seed financing from Founders Fund’s seed backer, FF Angel. After an extended beta trial, the Ringadoc went public this week.
Salt Technology – Jan. 28, $2 Million
Salt Technology is a cloud-based mPayments company that grabbed $2 million in funding this week from “private investors with deep roots in the mobile, financial and payments technology sectors,” according to Finextra. Salt’s platforms are designed to bring branded mobile wallets to market quickly and work with a wide variety of devices and, the company is scheduled to launch its first platform later this year in both Europe and the U.S.
OLO – Jan. 24, $5 Million
An impressive group of investors including PayPal, RRE Ventures, Core Capital Partners and others poured $5 million into OLO this week: an online and mobile restaurant ordering platform based in New York City. The investment comes exactly one year after the company announced it’s 1 millionth customer, notes TechCrunch, and has now raised around $13.75 million in total. OLO is currently active in about 3,000 restaurants, but is planning to multiply that number several times over in 2013.
Front Flip – Jan. 24, $3.75 Million
Front Flip is a gamification and loyalty app that has signed some big name franchises in the food industry, such as McDonald’s, Wendy’s, Burger King and Hooters in select areas of the U.S. Now investors are taking note too, backing the company with $3.75 million this week, bringing the company’s total funding to $7.7 million. Front Flip takes loyalty programs and presents them to consumers like scratch tickets or cards, adding elements of engagement and mystery to the loyalty process. Peter Brown, Gary Fish, Lance Melber and the Brandmeyer Family were all involved in the Series B funding round, according to TechCrunch.
Lazada – Jan. 22, Near $20 Million
Lazada is yet another Rocket Internet-backed startup raking in the funding, receiving a “strategic funding” round of nearly $20 million, as we covered last week. The company received the backing from Germany retail group Tengelmann, as it aims to become the Amazon of the Asian marketplace. Lazada had already reaised $26 million in December 2012 and $50 million in November 2012, putting it on quite the roll.
PayNearMe – Jan. 22, $10 Million
Underbanked payments specialist PayNearMe is a company that takes an interesting approach to cash-based payments by generating payments slips for people to bring to 7-Eleven or ACE Cash Express stores and complete transactions with physical money. The company received $10 million in Series D funding led by August Capital, with existing investors Khosala Ventures, Maveron and True Ventures participating as well, notes TechCrunch. According to PayNearMe, its volume tripled in 2012 compared to 2011.
BuyBox – Jan. 22, $2.3 Million
French social payments company BuyBox nabbed $2.3 million in funding from Iris Capital and Midi Capital this week as it seeks to allow eCommerce sites to collect group payments. According to The Next Web, BuyBox offers its services under a white label and integrates group payment functionality into a company’s existing eCommerce platform. The funding will be used by BuyBox to “explore international opportunities.”
Cellrox – Jan. 21, $4.7 Million
Cellrox is a “Bring Your Own Device” (BYOD) startup based in Tel Aviv that nabbed $4.7 million in backing this week. The company allows mobile devices to support two or more different OS installations, improving security without sacrificing functionality. According to TechCrunch, Runa Capital led the round, with Previz Venture Partners, Columbia Technology Ventures and others contributing as well.
payleven – Jan. 20, “High Single-Digit Million”
The SamwerBrothers strike again: payleven, which is the Rocket Internet’s European answer to Square, received a “high single-digit million dollar” funding round this week. Details are scant, but while the round is “largely” from a new backer, TechCrunch has learned that existing backers such as New Enterprise Associates, Holtzbrinck Ventures, ru-Net and Rocket Internet have all contributing to the round too. payleven’s strategy is similar to that of iZettle, but unlike its competitor, payleven accepts chip-and-pin payments. The company is now live in Germany, Netherlands, Italy, U.K., Poland and Brazil.
BillFloat – Jan. 17, $21 Million
Investor Growth Capital led the $21 million round raised for BillFloat this week, as the company focuses on its More-Time-To-Pay (MTP) platform. "BillFloat continues to build a credit delivery platform that's unmatched in the industry and is committed to helping consumers achieve greater financial stability," said Brian Ascher, partner at Venrock, which, along with FirstRound Capital, Baseline Ventures and Bronze Investment, also contributed to the funding. As Finextra points out, BillFloat has now received a total of $36.9 million in backing.
Fanplayr – Jan. 16, $2 Million
Fanplayr’s strategy is to foster conversations on eCommerce sites, and the company raised $2 million to help accomplish that goal this week. Founded in 2011, Fanplayr aims to upsell through the eRetailing world and its pricing platform is performance-based, as TechCrunch notes. Denali Venture Partners led the round of funding.
360incentices – Jan. 15, $7.65 Million
Four-year-old 360incentives announced its first round of funding this week, raising $7.65 million in a round led b y OMERS Ventures and with contributions from Klass Capital and Round 13 Capital. The company manages sales incentives programs and can field multiple payments methods, such as direct deposit, branded reward cards and more, notes TechCrunch. The company says it plans to put the money towards further development of its platform and tech, plus market expansion.
Pontifex – Jan. 11, $7.7 Million
Mobile ad startups are all the rage right now, and Pontifex joined the fray with a $7.7 million funding round this week. Blackstone led the round, and Pontifex has now raised around $15.5 million total. TechCrunch notes that much of the new funding will be used to grow Pontifex’ AdLeads service.
Refinery29 – Jan. 10, $3.5 Million
Refinery29 is a fashion eRetail site with a focus on independent designers that attracts 30 million unique visitors per year, according to TechCrunch. The company mostly operates in New York City, Los Angeles, San Francisco, London, Chicago and Washington, D.C., and launched in NYC in 2005. Refinery29’s $3.5 million round came via private investors, with a total of seven different entities listed in its SEC filing.
Kitsy Lane – Jan. 9, $3.5 Million
Data Point Capital and Longworth Venture Partners led the $3.5 million round given to Kitsy Lane this week. Kitsy Lane is an eCommerce/social commerce site that TechCrunch labels as similar to Etsy, allowing users to sell their own jewelry or accessories through online “boutiques.” The startup has more than 22,000 users despite launching in July 2012.
Blue Kite – Jan. 9, $1.5 Million
Blue Kite is a platform for cross-border bill payments that launched in April 2012 and is aiming to help the unbanked an underbanked population through mom-and-pop stores in the Miami area. The company raised $1.5 million from a funding round led by PeopleFund, according to TechCrunch. The company currently employs 21 people and wants to expand to 300 stores by the end of Q1 2013.
Shape Security – Jan. 7, $20 Million
Shape Security is a company that’s looking to disrupt typical web security technology by making hacking too costly for typical would-be cybercriminals. The startup received $20 million in a Series B funding round led by Venrock, with others such as Google Ventures, TomorrowVentures, and Allegic Capital pitching in as well. The company has now raised $26 million in total, according to TechCrunch.
Paymill – Jan. 7, $13.2 Million
Another Rocket Internet company has hit it big, nabbing $13.2 million in funding from Sunstone Capital and Holtzbrink Ventures, which, as TechCrunch points out, is a Rocket investor regular. Paymill is a Stripe-like platform for Europe that helps companies integrate card transactions quickly through offering an API, and is active in 34 countries. Paymill CEO Mark Henkel said the funds will go towards improving his company’s technical platform and customer care.
Remitly – Jan. 7, $2.6 Million
Remitly is a remittance transfer platform that grabbed $2.6 million from Trilogy Equity Partnership this week, raising it’s total funding to $5.1 million. The company is now active in 16 U.S .states, and has more pending approval. Remitly was originally known as BeamiIt and currently only transmits funds to the Philippines, according to TechCrunch.
Tapit – Jan. 7, $2.4 Million
Sydney, Australia-based Tapit is an NFC specialist that received $2.4 million in Series A funding this week, in a round led by Monash Private Capital. Tapit already has clients such as Microsoft, Samsung, Vodafone and Virgin Mobile, according to NFC World, and is looking to expand to more international markets. Ourcrowd.com and entrepreneurs David Shein and David Thrum also contributed to the round.
Mobeam – Dec. 31, $2.2 Million
It was a very happy New Year for Mobeam, which raised $2.2 million of an $3 millio round on December 31, according to VentureBeat. Mobeam is a company that’s looking to reinvent the mobile POS game by using light to transmit bar codes from smartphones to payments terminals. To gain a better idea of what the company does, check out our interview with Mobeam CEO Chris Sellers from October.
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