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 e-commerce to receive at least $1 million in funding from equity investors in 2012. We’ll update this list regularly, with funding dates, amounts, and quick company bios. Missing someone? Tell us in the comments!
Taxibeat – December 20, $4 Million
Taxibeat, an app maker that helps mobile phone users find a cab, has raised $4 million in new venture funding, TechCrunch reported on December 20.
The Greece-based company, founded in 2011, raised $2 million in venture funding in July. The service has launched in a number of cities worldwide since it launched, including Rio de Janeiro, Bucharest and Paris.
The round was led by Hummingbird Ventures, a VC fund from London.
Foursquare – December 17, $35 Million
Foursquare has raised $35 million in Series D funding, the location-based social network announced in a December 17 blog post.
Two firms took part in the round, DFJ Growth and Capital Group. DFJ Growth’s managing director, Barry Schuler, has also joined the Foursquare board.
in April, Foursquare raised $41 million in debt funding.
Sailthru – December 17, $20 Million
Sailthru, a marketing personalization startup, has announced $20 million in Series C funding, Venture Capital Post reported on December 18.
Scale Venture Partners led the Series C round, and firm partner Rob Theis will join Sailthru’s board of directors.
AOL Ventures, Benchmark, RRE, DFJ Gotham and Occam partners also participated in the round.
Crowdtilt – December 16, $23 Million
Crowdtilt, a crowdfunding startup founded in 2012, has received $23 million in Series B funding, VentureBeat reported on December 16.
The company, which offers a consumer-friendly means to crowdfund projects and initiatives, previously raised $12 million in Series A funding in March.
Andreessen Horowitz led the round.
Apptive – December 16, $1 Million
Apptive, a mobile commerce app developer, has raised $1 million in seed funding, VentureBeat reported on December 16.
The company enables SMBs to make mobile apps for advertising and loyalty initiatives. Founded in 2011, raised $400,000 in seed funding in June.
“With close to half of time spent on e-commerce sites coming from smartphones and tablets, online merchants understand the importance of taking their stores mobile,” Chris Belew, Apptive’s co-founder and CEO, said in a statement. “Prior to Apptive, developing a native m-commerce app meant spending thousands of dollars and dealing with endless complexity.”
Hailo – December 24, $30 Million
European eHailing company Hailo is coming to the U.S., and they’ll be traveling with $30 million in Series B funding in their pockets. Hailo likely raised most of the funds from Fred Wilson of Union Square Ventures, reports All Things D. The company’s first U.S. landing spot was Boston, in October, and it then branched out to Chicago in November. Hailo is planning New York City as its next major market.
Tapit – December 20, $2.3 Million
A Series A funding round of $2.3 million found its way to Tapit this week, with MPC Ventures PTY Limited leading the round. Tapit uses NFC technology to enhance advertising and marketing campaigns, and produces NFC chips that can be embedded anywhere, notes TechCrunch. The company was founded in March 2011 and is based in Sydney, Australia.
ERN – December 20, $2 Million
One-year-old ERN is a transactional analytics startup based out of the U.K. The company raised $2 million with backing from private investors, according to Finextra, and plans to launch in early 2013. ERN helps earn customer loyalty through real-time data analysis, and is PCI and ISO 27001 compliant.
Lema21 – December 20, $1.6 Million
Lema21 is trying to be “the Warby Parker of Brazil,” according to TechCrunch, and they received $1.6 million to fulfill that roll this week. The online retailer for glasses received backing from The Social+Capital Partnership, Graph Ventures and others. Jon Assayag, one of Lema21’s founders, estimates that Brazil’s eyewear industry is worth about $9 billion.
ParkWhiz – December 19, $2 Million
ParkWhiz is a parking reservation app that allows users to compare price, location and amenities, according to TechCrunch. The startup earned $2 million in funding this week from a Series A round led by Hyde Park Venture Partners, with Hyde Park Angels, Amicus Capital and several individuals participating as well. The company’s 2,000 partners give access to over 3 million marking spots across the nation.
Signifyd – December 19, $2 Million
Fraud-fighting software provider Signifyd has raised $2 million, as it seeks to shorten the process businesses use in identifying fraudulent transactions. Andreessen Horwitz, Data Collective, IA Ventures and others contributed to the round, notes TechCrunch.
Fab – December 18, Seven Figures
Fab was the recipient of a mysterious “seven figure funding round” this week, courtesy of Times Internet. The eCommerce company is set to use the funds to work on its design and its India marketing strategy, per TechCrunch. Fab has now raised over $150 million in funding since June 2011.
ZenDeals – December 14, $1 Million
ZenDeals is a coupon verifying service that lets users redeem coupons by searching through an online database for verification. The company received $1 million from Innovation Endeavors, as well as some Zynga and Facebook execs to boot. According to Finextra, the company plans on using the funding to expand its engineering and product teams.
Life-Pay, December 12, $2.6 Million
We’ve heard iZettle referred to as a “European Square.” Now we get a “Russian Square” in Life-Pay, a mobile card payments company that netted $2.6 million from Life.Sreda. The company plans to launch its first product in Russia at the end of the month, according to VentureBeat.
One Kings Lane – December 11, $50 Million
One Kings Lane is “an eCommerce company for home décor” that received a cool $50 million in Series D financing this week, in a round led by Institutional Venture Partners (IVP). TechCrunch describes the site as a “flash sales site for home décor, fashion accessories and more,” and notes that it’s now raised $117 million in total backing. The new funding will be put towards brand building efforts and partnerships.
Trustpilot – December 11, $13 Million
Index Ventures, and SEED Capital Denmark and Northzone invested $13 Million in Trustpilot this week, encouraging it to further grow its Yelp-like platform for eCommerce sites. TechCrunch states that the site already has around 7 million reviews of over 100,000 merchants, and aims to help the credibility of online reviews. Trustpilot CEO Peter Muhlmann says he wants to add more gamification and loyalty elements to his service in the future.
Waspit – December 11, $3 Million
Waspit is a prepaid platform looking to target what they view as an underserved college demographic. The company raised $3 million this week in funding from various New York-based private investors, and plans to use its new backing to enhance its sales and marketing efforts, as well as to help roll out new features. Check out our interview with Waspit CEO Richard Steggall here.
Dafiti – December 10, $65 Million
No, this is not a repeat. After raising $45 million in August, Brazilian eCommerce giant Dafiti has raised another $65 million, bringing it’s total fundraising over the past two years to a whopping $180 million. Quadrant Capital Advisors led the round with a $32 million stake, while AB Kennevik, Summit Partners and others contributed as well. According to VentureBeat, Dafiti will use the funds to expand around Latin America.
CipherCloud – Dec. 5, $30 Million
CipherCloud is a company that focuses on encrypting data before it enters cloud applications, in theory protecting data even if a criminal manages to break into the cloud through an entry point. Andressen-Horowitz poured $30 million into the company, which, according to Venture Beat, competes with the likes of Vaultive and other similar companies. This is the first round of funding for CipherCloud, which launched in 2010.
Lazada – Dec. 5, $26 Million
The “Amazon of Asia?” That’s Lazada’s nickname, and it took another step towards living up to that moniker this week, raising $26 million from German Summit Partners. According to Venture Beat, Lazada is particularly active in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Rocket Internet owns the company.
CloudPay – Dec. 5, $16 Million
Cloud-based payroll platforms are increasing in popularity, and plenty of investors must consider CloudPay to be a good one. The company raised $16 million in second round funding from Pinnacle Investment Partners, Rho Ventures and others, notes Venture Beat. Overall, CloudPay offers its solution to 160 countries, supporting 30 currencies and 26 languages.
Poshmark – Dec. 4, $12 Million
Menlo Park Ventures led a $12 million round for upscale fashion app Poshmark, which allows users to sell and buy fashion items on the iPhone. Menlo has also invested in Fab.com, and, according to a Venture Beat article, that’s part of what attracted Poshmark to the investor. The system currently supports around 30,000 items.
QuBit – Dec. 4, $7.5 Million
QuBit is a data analytics startup that aims to help eCommerce sites with customer personalization. This week, QuBit raised $7.5 million in Series A funding from Balderton Capital and existing angels. According to TechCrunch, the company is bst known for its OpenTag cloud-based system.
Paperless Receipts Ltd – Dec. 3, $1.9 Million
Paperless Receipts Ltd. is a company that enables retailers to send electronic receipts to a customer’s cloud-based account, and has already coaxed 140 retailers to hop on its bandwagon. In the company’s fundraising press release, they cited a study noting that 90 percent of consumers would prefer an electronic receipt to a paper one, and claim to be in discussion with “multiple major high street chains.” The U.K.-based company raised £1.2 million ($1.9 million) in second round backing.
TrueLens – Dec. 3, $1.2 Million
Score more funding for yet another social data/analytics service. TrueLens received $1.2 million in backing from a round led by Google Ventures, with Charles River Ventures, Common Angels, 500 Startups and Boston Seed also contributing, among others. The company also unveiled its “Socialgraphics” core customer intelligence product to coincide with the fundraising announcement, notes TechCrunch.
CommonBond – Dec. 1, $3.5 Million
CommonBond is a startup that aims to fix a student loan system, and it’s raised $3.5 million in funding to do so. CommonBond takes a crowdsourcing approach to loan alternative, connecting student borrowers with alumni investors to offer lower rates, according to TechCrunch. The round consisted of $2.5 million from existing investors and $1 million form angels.
NoMoreRack – Nov. 30, $12 Million
Flash sales site NoMoreRack has grown to over 7 million visitors a month, has 5.8 million subscribers and sells an average of 40,000 items per day. It’s no surprise, then, that it’s closed a $12 million series A funding round, led by eCommerce giant G-Market, according to TechCrunch. NoMoreRack offers around nine big deals everyday, and drives down the price of everyday products at a rate of up to 70 or 80 percent.
TicketForEvent – Nov. 26, $3 Million
TicketForEvent is a London-based online ticket broker based in London that deals heavily in Russia, Ukraine and Turkey. The startup received $3 million in Series A funding from Abele Ventures – the VC fund’s first-ever investment, according to TechCrunch – and will use the funds to focus on geographical expansion and mobile services. TicketForEvent currently makes around $5 million in sales.
Swoop – Nov. 23, $5 Million
Swoop is a company aiming to create a “less invasive and more targeted” way of advertising on the web, and it has raised $3 million of a $5 million Series B funding round. According to Mass High Tech, U.S. Venture Partners, Valhalla Partners and General Catalyst were all involved in the round. Swoop currently works mainly with food websites by offering deals on ingredients for recipes, but could expand to baby and beauty products soon, according to TechCrunch.
Chango – Nov. 21, $12 Million
Targeted advertising is all the rage right now, and that’s led Chango to be our biggest winner of the week, raking in $12 million in its latest round. Chango’s “Progrommatic Marketing Platform” uses real-time data to drive ads, and the company plans to expand its product offerings with its new backing. Venture Beat notes that iNovia Capital, Rho Canada Ventures, Metamorphic Ventures, Mantella Venture Partners and Extreme Venture Partners all contributed to the round.
Wanster – Nov. 20, $4 Million
TechCrunch describes Wanster as a “Canadian Fancy,” and the comparison makes plenty of sense. Wanster combines elements of Pinterest and Fance to let users create “wish lists” that can be presented to others, and already has half a million products on its pages. The company raised $4 million from Canadian radio broadcaster Evanov Communications.
Mobee – Nov. 19, $1.1 Million
Boston-based “mystery shopper” Mobee barely makes our list, receiving $1.1 million in seed funding from the likes of LaunchCapital, TIE Angels Boston, Hub Angels, Jit Saxena and others. Mobee rewards consumers for reviewing businesses by offering users gift cards and access to larger prizes as well. Tech Crunch notes that Mobee is not yet officially partnered with any major retailers, but plans to do so in the future.
NuORDER – Nov. 16, $3 Million
NuORDER may seem like just another in a long line of fashion eRetailers getting a shot from funders, but what’s interesting is that they’re competing with wholesale outlets, not traditional retail stores. Tech Crunch writes that the company received $3 million in funding led by GRP.
Balanced – Nov. 16, $1.4 Million
Balanced is a payments process that aims to service both ends of P2P marketplace transactions. Formerly known as “PoundPay,” Balanced already has 150 companies testing its beta program, notes Tech Crunch. The $1.4 million in backing comes from SV Angel, as well as the CEOs of Airbnb and Reddit and Ashton Kutcher.
Zulily – Nov. 15, $85 Million
Our biggest winner of the week is Zulily, a flash sales site that targets moms with a range of clothing, toys, books and household items. The eRetailer raised a whopping $85 million from Andreessen Horowitz, and now has a $1 billion valuation, according to Tech Crunch. The site already has 10 million members, and features 35 flash sales daily.
PlayHaven – Nov. 13, $8 Million
PlayHaven is a three-year-old mobile game SDK provider that offers app makers control over their in-game monetization strategies, as Tech Crunch sums up. They received $8 million in outside funding in a round led by GGV Capital, and now have $11 million in total funding. The company plans to use some of the funding to invest in European and Asian markets.
Lazada – Nov. 12, $40 Million
A Rocket Internet international eRetail giant receives massive funding? Stop us if you’ve rad this before. This time its Lazada, which caters to users in Vietnam, Malaysia, Thailand, Indonesia and the Philippines, raising $40 million from Kinnevik. The Swedish VC already has a 25 percent stake in Rocket, notes Tech Crunch, but is clearly confident in its ability to expand into developing markets.
Swrve – Nov. 12, $.6.25 Million
Atlantic Bridge Partners and Intel Capital have led a $6.25 million round for Swrve, a San Francisco-based startup that allows developers access to real-time feedback from social and mobile games and apps. The company aims to be a “one-stop shop for app analytics and monetization,” according to Venture Beat, and offers its users “A/B testing” abilities. The company raised $2.7 million in seed funding in September 2011.
Medialets – Nov. 7, $10 Million
Medialets, founded in 2008, is a mobile device media platform with companies such as BBC, ESPN, The New York Times, The Wall Street Journal and Yahoo! all on its clientele list. The company received $10 million in backing thanks to Greenspring Associates, and now has a total backing of $28.4 million, notes to Venture Beat. Brands use Medialet’s service to find new ad space, while publishers use it to that space.
Trademob – Nov. 6, $15 Million
Trademob is a Germany data analytics company that helps app developers gear their products towards increased in-app engagement and revenue. Kennet Partners led the investment with $12.5 million, and existing investors Tengelmann Ventures and High-Tech Grunderfonds contributed as well, according to Venture Beat. Trademob will use the funding to add to its global presence.
OrderGroove – Nov. 5, $7 Million
With clients such as L’Oreal, Jockey and Grainger, and a 430 percent year-over-year revenue increase, OrderGroove is a startup on the upswing. Investors clearly think so too, pouring $7 million into the subscription eCommerce helper, in a round led Fung Capital USA. According to Tech Crunch, Lerer Ventures, Legend and SWaN Ventures, Allegro Venture Partners, Bee Partners and others also contributed to the round.
Flurry – Nov. 2, $25 Million
Flurry is a San Francisco-based startup originally launched as an app developer back in 2007, but which has since shifted gears towards mobile analytics. The company received $25 million in funding in a round led by Crosslink Capital, bringing its total backing to $51.6 million, reports TechCrunch. Flurry takes in $80 to $100 million a year, and has recently hinted at an IPO.
MindBody – Nov. 1, $35 Million
MindBody is a company that creates client management software for the health and wellness industry. We bet it’s feeling just fine after raising $35 million in venture funding from a round led by Institutional Venture Partners. AllThingsD reports that Catalyst Investors and Bessemer Venture Partners also contributed to the round.
LocBox – Oct. 31, $5.1 Million
LocBox is another loyalty startup for the Bay Area, and the name of its game is to help local businesses attain and retain customers. The SMB marketer has raised $5.1 million in first round funding from the likes of InterWest Partners, Google Ventures and 500Startups, notes AllThingsD.
Zando – Oct. 30, €20 Million
South African eCommerce site Zando was our biggest international winner of the week, raising €20 Million from the likes of Summit Partners and J.P. Morgan. Launched just 11 months ago in January 2012, Zando already offers over 10,000 products from more than 400 brands, notes Venture Beat.
The Fancy – Oct. 29, $26.4 Million
Pinterest, you’ve been put on notice. Budding eCommerce force The Fancy was our biggest U.S. winner this week, raising $26.4 million. While few specifics are being given, higher-ups for American Express, Facebook, and PPR have been linked to the round, as has startup guru Jack Dorsey, according to Business Insider. PYMTNS.com spoke with The Fancy CEO Joe Einhorn back in September, and we were impressed with what his company has to offer.
Pickie – Oct. 29, $1 Million
Pickie is an iPad app that aims to be your personalized eCommerce shopping aid, using Facebook to determine custom shopping experiences for each user. The commerce element comes from a users ability to purchase items directly from the app. The startup has raised $1 million from a group of investors including DFJ Gotham, Betaworkd, Liberty City Ventures and others, notes Tech Crunch.
iZettle – Oct. 23, €25 Million-plus
Swedish startup iZettle, often cited as the “European Square,” received a major boost from an important ally this week, expanding its Series B funding to over €25 Million (or about $32 million) thanks to the addition of American Express. We don’t know exactly how much iZettle has raised now that AmEx has jumped into the fray, but it’s a major victory for the dongle-based mobile payments platform. In addition, iZettle just announced a partnership with DZ Bank and Deutsche Telekom to launch its service in Germany, making it the sixth country to offer iZettle to consumers. For more details, click here.
Spartoo – Oct. 23, €25 Million
If iZettle is Europe’s Square, than Spartoo is its Zappos. And just like the company listed above it, Spartoo has raised €25 Million (around $32 million) — in this case in Series C funding — bringing its total backing to €45 Million. Belgian investor Sofina led the round, with existing investors chipping in as well, notes Tech Crunch. Spartoo now boasts around 12 million, and the site offers over 30,000 shoe and bag models from over 700 brands.
Prepaid Expense Card Solutions – Oct. 23, $3.2 Million
Prepaid Expense Card Solutions (PEX Card) brought its total funding to $5 million this week, thanks to a $3.2 million Series B round. The company plans to use the extra capital to “continue iterative development of new features and mobile tools,” according to Finextra. Existing investor iNovia Capital led the round, while newcomer Bluff Point Associates contributed as well.
Tictail – Oct. 22, €1.2 Million
Tictail is an online merchant assistant from Sweden that’s just raised €1.2 Million (about $1.5 million) to help online stores run do-it-yourself eRetail operations. Launched in May of this year, Tictail already has 5,000 merchants signed up and operates mainly in the U.K., Germany and the Nordic region. Balderton Capital and Klaus Hommels led the round.
Validty Sensors – Oct. 18, $20 Million
Validity Sensors is a California-based company doing some cool things with fingerprint scanners and authentication tech. What does this mean for the payments world? Think a more secure way to sign in to a phone, or tablet – especially useful if said device is a mobile wallet. Validity received $20 million in Series E funding, according to Tech Crunch.
Braintree – Oct. 17, $35 Million
Braintree was this week’s biggest startup winner, raising a whopping $35 Million from the likes of New Enterprise Associates, Accel Partners and others. Braintree claims to do “for payments and eCommerce what Apple did for mobile,” simplifying payments technology and methods for smaller businesses. According to Venture Beat, Braintree’s total investment backing is now $70 million.
Quarri Technologies – Oct. 17, $1.288 Million
For any company in the payments industry, protecting data is the name of the game. Texas-based Quarri Technologies is a security software company that specializes in the financial, pharmaceutical and manufacturing markets. It raised a solid $1.288 million from Houston Angle Network, Daylight Partners and Texas Halo Fund.
Branding Brand – Oct. 16, $7.5 Million
What Branding Brand lacks in naming originality it makes up for in funding, nabbing $7.5 million in its first outside investment round. The mobile commerce platform services some prominent retailers, such as American Eagle, Costco and Sephora, and is looking to branch out further. Insight Venture Partners led the way, according to Mobile Commerce Daily.
Handybook – Oct. 16, $2 Million
Billed by Venture Beat as the “Uber for household services,” Handybook raised $2 million in seed funding from General Catalyst Partners, Highland Capital Partners and others. Handybook users can find and book professionals such as repair men or cleaners online, and was born out of Harvard University’s Innovation Lab. Handybook says it’ll use the funding to enhance its online platform.
3V Transaction Services – Oct. 15, $6.5 Million
3V is an Irish payments servicer that focuses on mobile and online payments. The $6.5 million Series B funding round was led by Alanta-based TTV Capital, according to Finextra, and included Atlas Ventures and Balderton Capital as well. 3V currently operates in six countries.
Lettuce – Oct. 15, $2.1 Million
SaaS startup Lettuce got a nice boost this week, raking in $2.1 million in seed funding from big names such as Crosscut Ventures, 500 Startups and Baroda Ventures, among others. According to Tech Crunch, Lettuce provides one tool through which SMB can manage inventory, accounting, payment processing, fulfillment and more. The company has already processed more than $2 million in orders.
Referly – Oct. 15, $1 Million
Just making the cut is Referly, a platform that allows everyday people to earn commission through affiliate linking. Referly earned $1 million in seed funding from a long list of investors including 500 Startups, New Enterprise Associates and Ignition Partners, notes Tech Crunch. Chief Executive Officer Danielle Morrill said the funding will go towards hiring a back-end engineer.
Borro – Oct. 11, $26 Million
New York-based Borro is an Internet lender that offers up to $1 million in loans secured through luxury assets such as jewelry and cars. Borro raised $26 million in funding led by Canaan Partners, with Ribbit Capital, Augmentum Capital, Eden Ventures and Rockridge participating as well, according to Tech Crunch. Borro has made over 150,000 loans to this point, and launched in the U.S. this year after three-plus years in the U.K.
Shutl – Oct. 11, $3.2 Million
London-based startup Shutl has received a boost in anticipation of its U.S. launch, landing $3.2 million from existing investors, as well as newcomers e.ventures and Notions Capital. The company enables delivery of online purchases within minutes of a sale, or within a one-hour window selected the shopper. Shutl is aiming to arrive in the U.S., as well as Montreal and Toronto, in Q1 2013, per Tech Crunch.
Grantoo – Oct. 10, $1.7 Million
Grantoo brings one of the most interesting ideas we’ve seen in a while to the table – it allows college students to compete against each other in a social gaming platform, with winners earning tuition grants and donating to charity at the same time. Grantoo earned $1.7 million in seed funding from European firms and angel investors, according to Tech Crunch. They’ve also lured away EA CTO Alan Price to serve in the same capacity for their startup.
Swarm – Oct. 10, $1 Million
Swarm is another startup that just met our qualifications, reaching $1 million in seed funding from what Tech Crunch deems to be an “eclectic” mix of investors, including rapper Nasir Jones, better known as “Nas.” Swarm aims to provide brick-and-mortar retailers with the same type of information about who’s in their stores that eRetailers gain with relative ease. Ideally, the retailers can use this info to offer personalized deals to consumers.
Cozy – Oct. 4, $1.5 Million
According to Cozy co-founder Gino Zahnd, the one check people still write most months is for their rent. Cozy would like to change that, streamlining the rent payment process and creating a simpler exchange of information between landlords and their tenants. According to Tech Crunch, Cozy raised $1.5 million in seed funding, with The Social+Capital Partnership leading the way.
thredUP – Oct. 3, $14.5 Million
Kids clothing eRetailer thredUP more than doubled its total funding this week, raising $14.5 million in a Series C round. The company has now amassed $23 million in total funding, and is nearing 400,000 customers. Highland Capital led the round, notes Tech Crunch, with participation from Trinity Ventures and Redpoint Ventures as well.
ShoeDazzle – Oct. 3, $6 Million
ShoeDazzle may have recently lost CEO Bill Strauss, but that’s not holding investors back – the shoe and fashion eRetailer raised $6 million this week, bringing its total backing to $66 million. According to Tech Crunch, the site has indicated in the past that it would like to focus more heavily on mobile, but isn’t interested in expanding internationally. Side note: ShoeDazzle is endorsed by Kim Kardashian, so you know it’s good.
Namshi – Oct. 1, $20 Million
JPMorgan Chase is certainly high on the international eCommerce industry. Just months after funding Brazilian eRetailer Dafiti with $45 milion, it’s now throwing $20 million towards Namshi, an online apparel and shoe site based in Dubai. According to Internet Retailer, Namshi, which launched in 2011, will use the capital to expand into Saudi Arabia. Blakeney Management also contributed to the round.
Kabbee – Oct. 1, $3.25 Million
Kabbee is a London-based startup that compares cab prices and offers consumers the ability to book cabs online or through mobile apps. While cab-comparing startups aren’t rare, Tech Crunch notes that Kabbee is at least somewhat unique in that it’s not itself a cab company, but simply a price aggregator. Samos Investments led the round, with contributions from RedBus Group, Petland Group and others.
Fuze Network – Sept. 27, $2.5 Million
Salt Lake City-based payments tech startup Fuze Network raised $2.5 million this week, boosting its total backing to nearly $5 million. Fuze Network allows any POS system to process a cash payment for a credit card, deposit money to a debit card or load up a prepaid card, although as Tech Crunch notes, they dislike being characterized as targeting the underbanked. Members of Matrix Partners and Ribbit Capital led the round.
Capillary Technologies – Sept. 25, $15.5 Million
Capillary Technologies is a social CRM company that offers a cloud-based SaaS platform to assist merchants with customer engagement, loyalty and clientelling. According to Tech Crunch, one of its biggest draws is its ability to integrate with a wide variety of POS systems and immediately identify attractive consumer targets. Capillary raised $15.5 million in Series A funding from Sequoia Capital, Norwest Venture Partners and Qualcomm Ventures.
Zalora – Sept. 25, “Double-Digit Millions”
JP Morgan continued its pattern of bankrolling international eCommerce sites this week, awarding Singapore-based fashion eRetailer Zalora an undisclosed amount cited as in the “double-digit millions.” As TechCrunch notes, JP Morgan has also invested in eCommerce sites such as Lamoda, Dafiti and Zando in recent months. Zalora, a Rocket Internet company launched the site just eight months ago but reportedly already makes eight figures a year in revenue.
AdMobius – Sept. 24, $5 Million
Members of Apple’s iAd program are responsible for founding AdMobius, so perhaps it should come as little surprise that the startup has attracted interest from investors. AdMobius announced a $5 million Series A round this week, funded by Opus Capital and Storm Ventures. AdMobius also announced that mobile DSP StrikeAd is it’s first partner, notes Tech Crunch.
Dataminr – Sept. 24, $13 Million
Dataminr capped our social media-themed week by raising $13 million in Series B funding, according to All Things D. The company uses Twitter data to predict financial and governmental trends, and has previously raised $3.5 million. The Wall Street Journal claims that Dataminr is a personal favorite of Twitter and Square founder Jack Dorsey, and that the funding will be spent on expansion.
MoPub – Sept. 20, $12 Million
Jafco Ventures led the second round of funding for MoPub, a mobile ad exchanger that uses a real-time bidding process to facilitate bargaining over ad space. Venture Beat notes that MoPub claims to serve over 15 billion ads each month, and predicts that the mobile ad industry will reach $7.1 billion by 2015. Accel Partners and Harrison Metal Capital are two existing investors that also contributed to the round.
Flash Valet – Sept. 19, $1.25 Million
Austin, Texas-based startup Flash Valet is designed to mobilize the valet parking industry through streamlining information and allowing payments through a mobile app. The company received $1.25 million in funding in it’s first round, reports Statesman.com. Austin Ventures, G51 Capital, Trellis Partners and 186K Ventures supported the round.
Kabbage – Sept. 17, $30 Million
The winners of our PYMNTS.com Most Innovative award earlier this year, Kabbage clearly has some other believers as well, raising $30 million this week in Series C financing. Kabbage aims to give working capital to small online merchants, giving out smaller loans than most major banks and using social media in part to evaluate potential clients. According to Tech Crunch, Thomvest Ventures led the round, bringing Kabbage to a total of $56 million in funding to date.
Square – Sept. 17, $200 Million
Yep, you read that right – $200 million. That’s how much Square raised in its fourth round of funding, bringing it’s total valuation to a whopping $3.25 billion, according to All Things D. Square currently processes around $8 billion a year in transactions – up from $1 billion a year ago. Citi Ventures, Rizvi Traverse Management and Starbucks led the mammoth round.
Monsoon Commerce – Sept. 14, $8 Million
eCommerce technology provider Monsoon Commerce underwent some dramatic changes this week, naming Kanth Gopalpur as its new chief executive officer and adding $8 million in capital along the way. Monsoon Commerce wants to launch a SaaS in the second quarter of 2012 allowing retailers to more easily manage how they sell products across multiple mobile and physical sites. The company is majority owned by Oak Hill Capital.
Edo – Sept. 13, $15 Million
Edo, another player in the card-linked daily deals industry, increased it’s total backing to $54.3 million this week by raising $15 million in Series C funding. Edo differentiates itself from others in its field by operating without a check-in or mobile app, instead sending offers based on direct card transaction information. According to Tech Crunch, VantagePoint Capital Partners led the round, while Baird Venture Partners and existing investors contributed as well.
Social Finance – Sept. 11, $77.2 Million
Student loan lender Social Finance, or “SoFi,” as it calls itself, raised an impressive $77.2 million this week, just as it nears its one-year anniversary of its inaugural loan program. SoFi aims to compete with unsubsidized Federal Direct and PLUS loans through a growing alumni investor base. Baseline Ventures, DCM and Chinese social networking giant RenRen Inc. were the key contributors to the Series B funding.
Estimize – Sept. 11, $1.2 Million
Estimize is a stock performance predictor site that’s thrown around some lofty statements – they claim the under certain circumstances, they’re more accurate than Wall Street analysts 77 percent of the time! Now they have some lofty funding numbers too, as the company raised $1.2 million in Series A funding. Contour Venture Partners and Jim Savage at Longworth Venture Partners led the round, says Tech Crunch.
Warby Parker – Sept. 9, $36.8 Million
Excuse the obvious pun, but Warby Parker opened some eyes this week, raising $36.8 million in a potential $40 million Series B round. The NYC-based glasses eRetailer has $3.19 million left to sell in the round after raising $13.5 million in a few round last year. Warby Parker sells designer and prescription glasses for $95 with no shipping costs, reports Tech Crunch.
Bigcommerce – Sept. 5, $20 Million
Bigcommerce operates by providing eCommerce software-as-a-service to merchants and is especially focused on helping small businesses create online retail sites. The company raised $20 million this week from General Catalyst Partners and FLOODGATE, and now has a total funding of $35 million, according to Venture Beat.
Act-On – Sept. 5, $16 Million
SMB technology provider Act-On raised a cool $16 million this week in its fourth round of funding, with Northwest Venture Partners leading the way. Founded in 2008, Act-On has seen triple-digit growth over the past few years and now has $30 million in backing, notes Venture Beat. Trinity Ventures, US Venture Partners and Voyager Capital contributed to the round as well.
NorseCorp – Sept. 5, $3.5 Million
Internet security and payments service provider NorseCorp raised $3.5 million this week, raising its total funding number to $5.1 million. NorseCorp’s signature product is its “IPViking” service, which flags high-risk IP addresses and implements security measures against them. The company’s “nGate” system serves as a “payment gateway” meant to prevent fraud.
Chalkable – Sept. 4, $1.3 Million
Chalkable’s mission is to provide custom educational app suggestions to students based on learning profiles for K-8 students – Tech Crunch likens it to the Pandroa of educational apps. Thanks to 500 Startups, Expansion Venture Capital, Great Oaks Venture Capital and others, the startup raised $1.3 million in seed funding this week.
Pirq – Sept. 4, $1.2 Million
Pirq uses an algorithm to determine when restaurants are less busy, tracks its users’ locations, then offers them discounts that they can redeem at the point of sale. The company received $1.2 million from existing investor Rally Capital this week, bringing its total investment in Pirq to $3.2 million.
Monogram – Aug. 31, $840k
So we’re cheating a bit with this one, as Monogram finished just shy of the $1 million mark, but they’re product is interesting enough that we’ll let it slide. Monogram acts as an aggregator of deals for your favorite brands and items, allowing you to compare prices from one iPad app, essentially doing most of the shopping for you. Quest Venture Partners gave the company $840,000 in seed funding.
Wallaby Financial – Aug. 30, $1.1 Million
Looking to make waves in the cloud-based mobile wallet space, Wallaby Financial raised $1.1 million last week in a seed round led by Founders Fund Angel. One feature that distinguishes Wallaby from the plethora of new mobile wallet companies? They’ll offer a physical card that consolidates all of a consumer’s card accounts to one platform.
SimpleTuition – Aug. 29, $5 Million
SimpleTution received a $5 million loan from Horizon Technology Financial Corporation, bringing its total investment backing to $17.9 million, according to Venture Beat. SimpleTuition offers advice, spending tracking and payment plans to students and their families.
SeatGeek – Aug. 29, $1.65 Million
Formerly known as TechCrunch50, SeatGeek is a ticketing company that offers a search engine allowing users to compare the best deals across multiple sites. The three-year-old startup raised $1.65 million and is currently developing a mobile app.
NoWait – Aug. 28, $2 Million
NoWait is another mobile waitlisting management and update service in the OpenTable mold, using a combination of SMS and an iOS app to alert restaurateurs to their place in line and when seating becomes available. The Pittsburgh-based company raised $2 million in Series A funding, led by Birchmere Ventures.
NastyGal – Aug. 26, $40 Million
Eretailer NastyGal raised an impressive $40 million this week — just six months after receiving $9 million in Series A funding — and now has a valuation of $240 million. The mobile fashion site has sold products to over 400,000 customers in 60 countries, according to Venture Beat.
Delivery Hero – Aug. 27, $50 million
Just a few months after competitor Just-Eat received $64 million in funding, European food ordering service Delivery Hero has raised $50 million in backing of its own. The Berlin-based company, founded by Team Europe, operates in nine countries across Europe, as well as South Korea and Mexico. Kite Ventures and Kreos Capital contributed to the Series D funding.
SumUp – Aug. 23, $20 million
SumUp is another recently launched dongle-based mobile card payment company, servicing the UK, Germany, Ireland and Austria. Another “European Square,” SumUp has reportedly received over $20 million in backing from the likes of b-to-v Partners, Shortcut Ventures, Tengelmann Ventures and Klaus Hommels.
MobileSpaces – Aug. 23, $3 million
Accel Partners invested a cool $3 million this week in MobileSpaces, a company working towards securing business information on mobile devices so employees can safely work from their own smartphones. MobileSpaces’ product would also protect data should a phone be lost or stolen, and costs around $5 a month per device.
DealDecor – Aug. 23, $1.2 million
DealDecor is a San Francisco-based eCommerce site that orders furniture in bulk and then sells to consumers at a reduced price. The company claims it gets its furniture from the same factories that provide for big name sellers such as Home Depot, Crate and Barrel and Pottery Barn. DealDecor received $1.2 million in seed funding from Sequoia Capital, Crosslink Capital and others.
Dafiti – Aug. 22, $45 million
Last week, J.P. Morgan invested in European online retail giant Zalando. Now they’re taking their investment strategy to Brazil, putting $45 million behind online apparel store Dafiti. The eCommerce site states it sells over products 60,000 from 550 brands, and is planning on expanding its presence to other Latin American countries.
Miinto – Aug. 21, $6 million
From several Just-Eat alumni comes Miinto, a company focused on getting fashion boutiques online to reach larger audiences. The company operates in the US and across Europe, and received a $6 million Series A investment from London-based Dawn Capital.
Punchey — Aug. 17, $1.7 million
Punchey is getting into the swipe reader-powered acquiring space. Competing with the likes of Square and Intuit, Punchey develops hardware and software for payment acceptance, turning smartphones into terminals. Stevens Ventures led the round.
Little Black Bag — Aug. 16, $8 million
Little Black Bag, an eCommerce company with heavy social integration, lets customers purchase — literally — a “little black bag,” filled with surprise fashion products. Buyers can then go online to trade the products they don’t want with other users. The company has raised nearly $11 million in backing to date.
Zalando — Aug. 16, undisclosed
Zalando is a Zappos-like eCommerce company based in Germany. The company reported net turnover of 510 million euros for 2011. JP Morgan Asset Management and Quadrant Capital Advisors are the company’s latest backers.
OrderAhead — Aug. 14, $2.3 million
OrderAhead is a free platform that connects local restaurants to customers who want to place a food order without actually talking on the phone. The platform stores users’ credit card information to complete purchases. Eric Schmidt and Facebook co-founder Adam D’Angelo are among the investors in OrderAhead’s seed round.
RichRelevance — Aug. 14, $8 million
RichRelevance lets online merchants make better product recommendations based on user behaviors. The latest raise goes on top of a $20 million round in May, which TechCrunch says was oversubscribed.
CakeStyle — Aug. 13, $1 million
CakeStyle is another subscription eCommerce business that delivers boxes of apparel and accessories to consumers (see Little Black Box above). This is a seed round, for a company founded in August 2011.
Movenbank — Aug. 13, $2.4 million
Movenbank is a mobile-direct banking startup. The company doesn’t issue plastic cards, however, anticipating that mobile payments will make the former obsolete. Brett King is founder and CEO.
Wantworthy — Aug. 9, $1 million
Wantworthy is creating a digital wish list that lets consumers easily save items they’d like to purchase in the future to an online database. In the future, Wantworthy developers hope to add technology that notifies consumers when prices change.
Square — Aug. 8, $25 million
In a blockbuster deal, Square will process every single debit and credit card payment made at a Starbucks location, and customers who own an Android or iOS smartphone will be able to use Pay With Square to buy coffee. That’s in addition to the $25 million in backing Square receives from the coffee-slinging mega merchant.
Influitive — Aug. 8, $3.75 million
Influitive has built a platform that challenges brand “advocates” (i.e., “superfans”) to promote the company’s message through various social media-powered challenges. For example, Influitive rewards consumers when they successfully refer a product for purchase; complete user surveys; and share content via social networks.
FreeMonee — Aug. 7, $34 million
Here’s the company that got more money than Square just before Starbucks announced it had a new processing partner. At its core, FreeMonee is developing a card-linked offer/discount platform, making it one of several new entrants in an already competitive space.
Inneractive — Aug. 7, $3.5 million
Inneractive is bringing a monetization platform to mobile applications, by connecting 120 ad networks to developers in 200 countries. Developers earn money by incorporating advertising into otherwise free-to-use apps.
Affectiva — Aug. 7, $12 million
Affectiva is developing technology that would allow brands to measure consumer sentiment while they engage with brands. The company has developed two products: Affdex, the main engine for evaluating consumer sentiment using a camera, and Q Sensor, a wearable wristband.
LevelUp — Aug. 2, $9 million
Mobile payment and loyalty platform LevelUp received $9 million in equity backing from T-Venture, the investment division owned and operated by Deutsche Telekom, All Things D confirms. The raise is part of a financing round that had already been made public, when LevelUp closed on $12 million in early June. The additional funding from T-Venture brings its total monies raised to nearly $40 million.
FiveStars — Aug. 2, $13.9 million
Mountain View, Calif.-based FiveStars has raised $13.9 million to support its development of a low-tech loyalty platform targeting small and medium-sized businesses. Rather than force merchants to incorporate iPads or new mobile applications at the point of sale, FiveStars says it will provide merchants with a software product that can be integrated directly into an existing POS system. Roughly 400,000 consumers are collecting rewards using FiveStar products, All Things D says.
QuickPay — Aug. 2, $3.5 million
QuickPay’s parking app displays available spots in 12 cities, and offers in-app payments. News that the company had raised financial backing first broke in February, when Fontinalis Partners said it would back the company. TechCrunch now confirms QuickPay will receive $3.5 million in its seed round.
Plink — Aug. 1, $3 million
Plink is an “online-to-offline” loyalty platform claiming partnerships with several major national fast food restaurant chains, including Taco Bell, Burger King, Dunkin’ Donuts and Arby’s. To use Plink, consumers register their cards at Plink.com, then use those cards at one of 35,000 merchant locations.
CardSpring — Aug. 1, undisclosed
The engineers at CardSpring are building a software platform that connects plastic payment cards to cloud-based applications. For example, CardSpring hopes to offer issuers access to applications that respond each time a consumer swipes his or her card. First Data has backed the company as a strategic partner, and LinkedIn CEO Jeff Weiner is among CardSpring’s newest investors. The company previously raised $10 million in a Series A round last January.
Pinfluencer — July 31, $1.4 million
The aptly named Pinfluencer provides insights to merchants regarding how consumers are using their Pinterest sites. 1-800-FLOWERS.com and GNC are already using the service, TechCrunch reports. Freestyle Capital and Baseline Ventures led the round of seed financing.
Forerunner Ventures — July 26, $40 million
Forerunner Ventures is a venture capital firm that focuses its investment strategy on digital commerce startups. The company has invested previously in companies like HotelTonight, Warby Parker, and Dollar Shave Club.
JustFab — July 26, $76 million
JustFab is an eCommerce fashion platform that combines monthly subscription services with frequently updated “lookbooks,” offering unique combinations of apparel. CEO Adam Goldberg says the company is adding half a million users every month, and that customers typically shop on the site roughly 20-25 times a year, according to VentureBeat.
Ticketfly — July 25, $22 million
An Eventbrite competitor, Ticketfly facilitates online ticket sales. Its most recent funding round represents its third infusion of equity capital, with $37 million in total funds raised to date. The company has reportedly grown its client base by 65 percent in the first half of 2012, and has 100 employees.
GiveForward — July 25, $2 million
GiveForward is a crowdfunding site (think Kickstarter) that lets consumers facing a financial hardship raise money from friends and family online. The platform has more than 3,000 users, according to TechCrunch, and expects to see between $25 million and $30 million raised on its platform this year.
SecureNet Payment Systems — July 24, $18 million
SecureNet Payment Systems is a fully integrated payment processor, servicing more than 14,000 merchants and processing $12 billion a year. Sterling Partners led the company’s most recent round of funding; a release refers to Sterling’s investment as “additional” support without disclosing the amounts of any previous rounds.
Boom Financial — July 18, $17 million
Formerly known as m-Via, Boom Financial provides web-based financial services to underbanked consumers, primarily targeting immigrants who often need to move money globally. Its most recent funding comes through a Series C round.
Fab.com — July 18, $105 million
Fab.com’s huge capital raise is the third of its lifetime as a company. Founded in June 2011, the eCommerce platform claims more than five million members, according to VentureBeat (http://venturebeat.com/2012/07/18/fab-funding/), and sells 3.4 products a minute. The company has raised $157 million to date.
Kiip — July 17, $11 million
Kiip provides a rewards platform to mobile application developers. For example, the developer of a game for iOS could use Kiip to link players to Amazon rewards, generating revenue for both Amazon and the developer. The company has raised slightly more than $15 million through three rounds.
Tapingo — July 17, $3.5 million
Tapingo operates a mobile commerce platform aimed at igniting on college campuses by connecting with students and on-campus merchants. The $3.5 million raised from Carmel Ventures is the company’s first institutional funding, and CEO Daniel Almog says the money will be used to accelerate sales.
Totsy — July 17, $18.5 million
Totsy is an eCommerce platform that hopes to differentiate itself by exclusively targeting parents with young children. “We wanted to start a private sales site, but the luxury-fashion space is completely trodden,” CEO Guillaume Gauthereau told VentureBeat (http://venturebeat.com/2012/07/17/totsy-puts-18-5m-into-its-kiddie-pool/). “We saw room in the parenting segment and we took it.”
The Currency Cloud — July 12, $3 million
The Currency Cloud is constructing a cloud-based currency conversion and international payments platform for B2B transactions. It raised $3 million from Notion Capital, its second raise; earlier Atlas Venture and Anthemis Group led a round of nearly $4 million.
Copious — July 12, $5 million
Copious is building an online marketplace to compete with eBay — but one that features a more deeply integrated social experience. By requiring users to log in with Twitter or Facebook, buyers will better be able to identify merchants, and consumers will be able to easily share purchases with friends. The $5 million it raised from Foundation Capital, Google Ventures and others is a Series A round.
Lyst — July 12, $5 million
Lyst lets online shoppers aggregate their favorite items from hundreds of different brands and stores in one place. With operations in London and New York, the company’s $5 million raise from DFJ Esprit and Accel Partners is its first round of funding.
Pocket Change — July 11, $5 million
Pocket Change is building a virtual currency platform designed to work with every game that runs on the Android mobile operating system. Its most recent funding is a Series A round led by Google Ventures; First Round Capital and Baroda Ventures were among the participants in a prior $1.4 million seed round.
CashStar — July 10, $5 million
CashStar operates an online platform for giving digital gift cards. Its most recent found of funding is the company’s fourth; it has raised $26 million to date, including a $12 million Series C round last October.
Paydiant — July 10, $12 million
Paydiant is building a white-label, API-based digital wallet platform for banks and merchants, for consumer use on Android and iOS devices. Prior to Tuesday’s Series B round of $12 million, the company raised $7.6 million in a Series A round in February 2011, according to TechCrunch.
Paydiant co-founder Chris Gardner says five of the top 15 banks in the U.S. are using the company’s digital wallet technology in “advanced regional pilots.”
Stripe — July 9, $20 million
Stripe enables credit card payments online, specifically targeting the web development community, and eliminates the need for merchant accounts.
Monday’s $20 million Series B round goes on top of a Series A round raised roughly a year prior for the same amount, TechCrunch says. And its most recent valuation sets the company’s value in the “hundreds of millions” of dollars, according to the report.
ThriveHive — July 9, $1.5 million
ThriveHive is developing a “comprehensive” online marketing platform for small and medium-sized businesses. Founded in 2011, today’s seed round is the company’s first funding. Ed Roberts, a professor at MIT, and venture capital firm Founder Collective are among the Cambridge, Mass.-based firm’s investors.
PeaTiX — July 3, $1 million
PeaTix is a Japan-based firm that offers online event and ticket management services, similar to Eventbrite in the U.S. The company’s mobile enablement solutions include scanner apps for iOS and Android devices.
The company was founded in May 2011, and raised a round of seed funding in December, before its most recent raise.
Commerce Sciences — July 2, $1.8 million
Former Google CEO Eric Schmidt was among the backers in Commerce Sciences’ recent round of seed funding. The company, based in Israel, is developing personalization solutions for e-commerce companies, including recommendation engines.
Founded in 2011, its most recent round of funding is the company’s first financial backing.
Fiksu — July 2, $10 million
Fiksu — the Finnish word for “smart” — helps companies with mobile applications expand their user base, and increase engagement with their most loyal users, at a lower cost than traditional mobile advertising methods.
Qualcomm Ventures led the company’s Series B round. Fiksu has raised nearly $17 million to date, including a venture round in February 2010 and a Series A round in November of that year.
Jumptap — $27.5 million, July 2
It’s probably no longer accurate to refer to Jumptap as a startup — despite having just raised $27.5 million through a venture round, the company has raised nearly $122 million since its founding in 2005.
Jumptap operates a mobile ad network that reaches an estimated 263 million mobile users worldwide.
Needle — July 2, $10.5 million
Needle is building a “social selling” platform. The concept: connect shoppers to “certified product experts” and brand fans (based on social media interactions) to accelerate sales. As an example, Needle says an associate in Salt Lake City helped sell nearly $33,000 worth of skiing equipment over its platform in 2011.
The company’s latest funding raise — $10.5 million in a round co-led by Shasta and Rembrant — is its second round of capital, having raised $2 million from angel investors in February 2011.
Kuapay — June 27, $4 million
Founder Joaquin Ayuso de Paul hopes to build a digital wallet with better social engagement features with Kuapay. The mobile payment app stores users’ payment cards for use with a scannable QR code at the point of sale. Previously, Ayuso founded Tuenti, a Spanish social network that was acquired by Telefonica for $100 million.
TabbedOut — June 26, $3.5 million
The mobile payment platform says the money raised in this round will support its efforts to partner with national restaurant chains. The Austin-based company has been featured on PYMNTS.com before. (http://pymnts.com/briefing-room/mobile/mobile-payments/TabbedOut-s-Advantage-Partner-With-POS-Specialists-Like-MICROS/)
Freshplum — June 26, $1.4 million
Freshplum is another firm that aims to optimize e-commerce operations using data analytics. Founder Sam Odio has entrepreneurship experience: in 2009 he created Divvyshot, which was later acquired by Facebook.
Traxpay — June 26, $4 million
Traxpay describes itself as being “focused on redefining the online B2B payment process.” The startup has already partnered with Accenture to help develop its payment platform.
Jirafe — June 26, $7 million
Jirafe is a data analysis tool for e-commerce companies that helps retailers make optimal decisions about marketing and merchandising. The platform serves roughly 5,000 merchants today.
Nara — June 26, $4 million
Nara is a consumer-facing, web-based recommendation engine. Founded in 2010 by CEO Thomas Copeman, the 18-employee business is focusing on restaurant recommendations at launch.
FastPay — June 25, $25 million
FastPay focuses on a very specific part of payments: helping small cash-strapped businesses (mainly tech startups) fund their online advertising budget with lines of credit.
MineralTree — June 21, $6.3 million
Boston-based MineralTree has designed a cloud-based B2B payment and cash management platform for small and medium-sized businesses. Fidelity Growth Partners India led the recent round.
KupiVIP — June 21, $38 million
KupiVIP is a Russian online shopping club similar to Gilt Groupe in the U.S. The $38 million it raised from Intel Capital puts its total monies raised at $104 million, starting with $3 million from ABRT Venture Fund and Mangrove Capital Partners in 2006.
Nutmeg — June 18, $5 million
Nutmeg is a online financial services platform, combining brokerage services with a built-in emphasis on savings goals and achievements. Accounts are funded by direct debit deposit and weekly withdrawals are free.
Yext — June 12, $27 million
For businesses hoping to benefit from social-local-mobile commerce technology (a.k.a. “SoLoMo”), Yext could offer a relevant solution: the New York-based company helps SMBs monitor their listings on discovery networks like Yelp, Mapquest, yellowbook.com, and Yahoo! Pages. Clients include Prudential and Crunch Fitness.
LightSpeed — $30 million, June 12
LightSpeed is a company founded in 2005 that develops innovative shopping technologies for use within brick-and-mortar retail locations.
Lemon — $8 million, June 12
Lemon is a cloud-based expense tracking service that has recently expanded into the digital wallet space, providing an electronic backup of users’ physical wallets.
Credit Sesame — $12 million, June 11
Credit Sesame allows users to track and monitor their outstanding credit and loan debt.
iGet.it — $1.3 million, June 11
iGet.it is a Canada-based online shopping platform for high-end goods.
SCVNGR — $12 million, June 7
SCVNGR is the parent company to LevelUp, a mobile payment platform that lets consumers pay for things with their phones using unique QR codes.
TangoCard — $1.8 million, June 6
TangoCard tweaks an existing financial product — gift cards — by adding in a mobile application and loyalty/rewards functionality.
Wanelo — $2 million, June 6
Wanelo is a social commerce platform where users are encouraged to share their favorite items (think Pinterest), but with a deeply integrated commerce system built in as well.
HotelTonight — $23 million, June 5
HotelTonight offers last-minute deals on lodging to consumers through a suite of mobile applications.
Cartera Commerce — $12.2 million, June 5
Cartera links marketing, loyalty and rewards programs directly to consumer payment cards through partnerships with merchants and banks.
Happyshop — $5.5 million, June 1
Happyshop uses location data to connect retailers to their customers while the buyer is located within the brick-and-mortar retail outfit.
Flubit — $1.75 million, May 30
Flubit is a deal site that creates unique offers for each of its customers based on their submissions. Consumers submit the product they’d like to purchase, along with the best price they can find, and Flubit responds with its own unique offer.
Quikr — $32 million, May 22
Quikr is Craigslist for India — a web-based bulletin board filled with classified ads for apartments, cars, jobs, services, used goods, events and more.
Openbucks — $4.8 million, May 18
Openbucks lets consumers pay for online goods with cash by offering gift cards at more than 100,000 locations throughout the U.S.
Pinterest — $100 million, May 17
At Pinterest, users are encouraged to share (“pin”) their favorite things with other users, essentially making purchase recommendations to connected users.
HomeMe — $5 million, May 16
HomeMe is an online shopping platform for Russian consumers, specializing in home furnishings and similar goods.
Lenddo — $8 million, May 15
Lenddo combines microfinance with social media, hoping to help the world’s underbanked consumers improve their financial status by using social to evaluate their creditworthiness.
SoMoLend — $1.17 million, May 15
SoMoLend is a lending platform that uses social, local, and mobile features to facilitate the flow of capital.
Livebookings — $24 million, May 13
Frequently referred to as Europe’s version of OpenTable, Livebookings lets consumers book tables at their favorite restaurants online.
Jumio — $3.3 million, May 10
Jumio’s mobile software adds payment card scanning to other existing applications. It turns mobile”¨phone cameras into secure credit card readers.
Coupa — $22 million, May 10
Coupa produces enterprise software that enables cloud-based business spending, from procurement to invoicing. The company hopes to make business procurement more like what consumers experience when they shop online.
RewardLoop — $1 million, May 9
RewardLoop provides mobile marketing and mobile loyalty solutions that offer unmatched simplicity, security, and compatibility with today’s POS ecosystem.
Etsy — $40 million, May 9
Etsy is an online marketplace where small-scale artisans can market craft goods.
La Fourchette — $10.5 million, May 2
La Fourchette lets consumers book restaurant reservations online.
Orderbird — $3.5 million, May 2
Orderbird designs payment acceptance and management software for restaurants.
RewardLoop — $1 million, May 9
RewardLoop provides mobile marketing and mobile loyalty solutions that offer unmatched simplicity, security, and compatibility with today’s POS ecosystem.
Flint Mobile — $3 million, May 9
All you need is our app to accept credit cards – no extra hardware. Just scan the main numbers of the card using the camera and enter card verification information to ensure a secure transaction. Flint instantly sends an authorization request through our PCI compliant payment gateway partner. No card data or images are stored on the phone and your customer’s privacy is protected.
Belly — $10 million, May 8
Belly is a universal loyalty program that offers unique and exceptional rewards to local businesses through a single customer loyalty card.
Gumroad — $7 million, May 7
Gumroad lets individuals receive e-payments through URL links. Its tagline: “If you can share it, you can sell it.”
Sweet Tooth — $2.25 million, May 7
Sweet Tooth provides a turnkey, user-friendly system for merchants to create ‘points’ programs and deliver online and in-store rewards to their customers. Sweet Tooth has helped over 1,500 merchants actively engage and reward more than 15 million consumers worldwide.
WePay — $10 million, May 3
Collect payments without the hassle. Start collecting money online in under a minute. No merchant account, website, or programming required.
NetPlenish — $1.9 million, May 3
NetPlenish puts the best pricing in your hands for your favorite products. We turn a boring 45 minute run to the store for diapers, dog food and detergent into 45 seconds on your iPhone or Android.
MiiCard — $2.5 million, Apr. 30
miiCard’s real-time online identity verification service allows a consumer to prove that “I am who I say I am”, to an Anti-Money Laundering standard, without the need for a physical ID check.
Chirpify — $1.3 million, Apr. 24
Chirpify combines Twitter and PayPal into a social buying experience, letting users buy and sell goods via the microblogging network.
Koupon Media — $4.5 million, Apr. 9
Koupon Media is a mobile coupon platform that enables brands, agencies and merchants to deliver single-use mobile offers to consumers for easy and fraud-free redemption directly from their smart phones at retail stores.
Money-On-Mobile — $29.7 million, Apr. 2
Money-on-Mobile is India’s largest mobile payment platform that places the second mobile revolution of the country into your hands.
Veracity Payment Solutions — $80 million, Mar. 28
Veracity Payment Solutions is one of the fastest growing acquirers in North America. Headquartered in Atlanta, Georgia, with customer operations and sales services in Aiken, South Carolina, Moline, Illinois and Honolulu, Hawaii, Veracity serves the Trade Associations, Affinity Partners, Community Banks, Large Corporations, Integrators and Merchants by offering full service payment technology and solutions.
ThreatMetrix — $18 million, March 27
From social networks, financial services, and e-commerce to affiliate marketing, payments, and more, online businesses count on ThreatMetrix to authenticate payments, new accounts, and customers in real-time.
ViVOtech — undisclosed, Mar. 26
ViVOtech is a market leader in contactless/NFC payment software, over the air (OTA) card provisioning, promotion, and transaction management infrastructure software, NFC smart posters, and contactless readers/writers.
YouGift received $1.2M in Seed funding. (3/22/12)
YouGift allows users to send personalized e-cards and cash to their friends on Facebook.
Achieve Financial Services — $12.5 million, Mar. 20
Achieve Financial Services markets general-purpose reloadable (GPR) prepaid debit cards through partnerships with Visa, MasterCard, Green Dot and others.
Boku — $35 million, Mar. 15
BOKU partners with mobile network operators to enable people across the globe to pay for the things they love using the one device they’re never without.
Switchfly — $15 million, Mar. 8
Switchfly provides technology that empowers travel companies, loyalty programs and financial services institutions to deliver a rich online experience that goes well beyond what their customers expect… Our SaaS platform processes over $750 million worth of commerce every year. And more than 100 billion travel loyalty points have been redeemed through our platform, allowing travelers to visit nearly every country on the planet.
ROAM Data — undisclosed, Feb. 27
ROAM Data, Inc. is the leading global mCommerce platform provider extending both physical Point of Sale (POS) and virtual eCommerce to the mobile environment. Founded in 2005 by mobile payment pioneer, Will Graylin, ROAM turns merchants’ mobile devices into secure point of sale (POS) terminals and turns the mobile marketing channel into a mobile sales channel by enabling secure commerce in mobile apps and offers with convenient ROAMwallet 1-Tap™ checkout.
Milyoni — $11 million, Feb. 23
Milyoni (pronounced million-eye) helps entertainment and lifestyle companies convert Facebook fans into customers. Whether it’s distributing a live concert, movie or sporting event, or selling tickets and merchandise, Milyoni enables companies to monetize fan pages through a unique, shared, social experience on Facebook. Milyoni works with a wide range of companies with over 200 million combined fans.
Dwolla — $5 million, Feb. 7
We allow you to pay for goods and services on our payment network, while also giving you the freedom to send and receive cash with whomever via our peer-to-peer payment platform; however, we do it without the expensive fees, debt-inducing policies, and antiquated plastic credit cards.
Cardspring — $10 million, Jan. 31
CardSpring is a simple API that lets developers add web and mobile applications”¨like coupons, loyalty programs and digital receipts to payment cards.
Recurly — $6 million, Jan. 24
Recurly is a complete subscription billing management service. We integrate seamlessly with your business and handle all aspects of recurring billing operations in a secure, cost-effective, accurate and professional manner.
Wrapp — $5 million, Jan. 18
Wrapp is a fun and easy way to give free and paid gift cards to your Facebook friends.