Jonathan’s Internet And Digital Media Weekly Update – 2015-05-11

Private Financing
US

  • Pinterest has completed the rest of its Series G funding round, raising an additional $186M for a total of $553M. The round included new investors Wellington Management Company and Goldman Sachs along with participation from existing investors Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital, SV Angel, Valiant Capital Management and Fidelity Investments.
  • Immediately, a startup building mobile tools for salespeople, is announcing that it has raised $2M in funding. Investors in the include (deep breath) Streamlined Ventures, Maiden Lane, Galvanize VC, Queensbridge, Angelist CEO Naval Ravikant, Haroon Mokhtarzada, Friendster and Nuzzel founder Jonathan Abrams, TalentBin co-founder Peter Kazanjy, EdgeSpring co-founder Ryan Lange and HootSuite CEO Ryan Holmes.
  • Storm Ventures has raised a new, larger fund. Storm’s fifth fund is a $180M vehicle that the firm has stapled a new venture partner to.
  • Consumer-facing telemedicine platform Sherpaa raised a $2.25M round, bringing its total funding to $8M. The investors are O’Reilly AlphaTech Ventures, Softbank, and Draper and Associates.
  • Wish, a San Francisco-based mobile shopping application, raised more than $500M which values the company at roughly $3 billion following its latest round. Wish was worth $400M following a $50M round led by Founders Fund last year. Wish’s other investors include Jerry Yang, GGV Capital, Khosla Ventures partner Keith Rabois, actor Jared Leto and Formation 8.
  • Wag, an app that connects dog owners with access to pre-screened, insured and bonded dog walkers, has raised $2.5M in seed funding led by Freestyle Capital, with participation from Greylock Partners, Crunchfund, Slow Ventures, Social Leverage, and RRE Ventures.
  • The Odyssey, a New York-based millennial-targeted content platform, has raised $3M in funding from ExactTarget cofounder Scott Dorsey; former ExactTarget CMO Tim Kopp; and Traci Dolan, ExactTarget’s chief administration officer.
  • Lucid, a company whose cloud operating system connects a building’s hardware and software technologies with a single platform (and will soon focus on similarly connecting disparate buildings), has added capital to its Series B financing from GE Ventures. The round, which now amounts to $14.2M, also includes participation from Formation 8, Zetta Venture Partners, and Autodesk.
  • Delvv, a company whose app promise users a personalized news feed to help them find the best events, apps, and articles, has raised $3.5M in seed funding from undisclosed backers.
  • Zanbato, a platform that connects institutional investors with alternative investment opportunities, has raised $8M in Series B funding led by AITV (Accelerate-IT Ventures), with participation from earlier backer Formation 8 and other unnamed investors. The company has now raised at least $15.8M.
  • Trizic, a San Francisco-based digital wealth advisory firm, has raised $2M in seed funding, including from Operative Capital.
  • Robinhood, a San Francisco-based zero-fee stock trading app, has raised $50M in new funding led by New Enterprise Associates, with participation from Vaizra Investments and earlier backers Index Ventures and Ribbit Capital, among others. The company has now raised $66M altogether.
  • Microf, a consumer finance company that provides rent-to-own solutions for the residential HVAC industry, has raised $12.3M in funding from Rotunda Capital Partners.
  • Govini, an intelligence startup to companies that sell goods and services to the public sector, has raised $20M in Series C funding from new and existing investors, including Accel Partners, Salesforce Ventures, and Symphony Technology Group.
  • e-Kare, a digital health company that speeds the assessment and monitoring of chronic wounds from a mobile device, has raised an undisclosed amount of funding from the Center for Innovative Technology‘s CIT GAP Funds.
  • Doblet, a San Francisco-based company that provides an on-demand phone charging service at a growing number of venues, has raised $1.3M in seed funding led by SoftTech VC.
  • Cybereason, a company whose endpoint detection and response platform reveals and investigates cyber-attacks in real time, has raised $25M in Series B funding led by Spark Capital, with participation from earlier backer CRV and strategic investor Lockheed Martin. The company has now raised at least $29.6M altogether.
  • Cursive Labs, a venture studio, has raised $2.2M in Series A funding, including from Crescent Ridge Partners Ventures, Wavemaker Partners, Keshif Ventures, Bootstrap Incubation, and Howard Lindzon, among others.
  • Closeup.FM, a company whose software facilitates pop-up events powered by fans, has raised an undisclosed amount of seed funding from Angel Capital Group.
  • Chartbeat, a New York company that helps Web publishers measure reader engagement, has raised $15.5M in Series C funding led by Harmony Partners, with participation from Digital Garage and earlier backers Index Ventures, DFJ, Jason Calacanis and Jeff Clavier.
  • Blitsy, an arts and crafts e-commerce site, has raised $3.6M in Series A funding led by Greycroft Partners, with participation from Data Point Capital and earlier backers Chicago Ventures, FireStarter Fund, and Lakewest Venture Partners. The company had previously raised around $2M in equity and debt financing.
  • Banjo, a social discovery app, has raised $100M in new funding from the Japanese tech giant SoftBank. The round pushes Banjo’s total funding to more than $120M. Others of its investors include Balderton Capital, BlueRun Ventures and VegasTechFund.
  • Zenefits, a company that makes HR management software, has raised $500M in Series C funding led by Fidelity and TPG at a $4.5 billion valuation. The company has now raised roughly $584M from investors, including Sound Ventures, Insight Venture Partners, Founders Fund, Khosla Ventures, Andreessen Horowitz, Institutional Venture Partners, and entertainer Jared Leto.
  • Wrike, a work management and collaboration platform, has raised $15M in Series B funding led by Scale Venture Partners, with participation from DCM Ventures and previous investor Bain Capital Ventures. The company has now raised $26M.
  • SessionM, a cloud-based consumer loyalty and engagement platform, has raised $12M in new funding led by Causeway Media Partners, with participation from NTT Docomo Capital, Commerce Ventures and earlier backers Highland Capital Partners, CRV, and Kleiner Perkins Caufield & Byers. The company has now raised $38.5M altogether.
  • HeyLets, a company whose location discovery app helps users share the things they love, from games to restaurants, has raised $1.7M in seed funding from BlueSky Funds and numerous angel investors. The company has now raised $2.7M altogether.
  • Digit, an automated savings startup, has raised $11.3M in new funding led by General Catalyst Partners, with participation from earlier backers Baseline Ventures and Google Ventures, as well as former Visa president Hans Morris. The company has now raised a total of $13.8M.
  • The Credit Junction, an online lending platform for small and mid-size businesses, has secured a $50M loan from Victory Park Capital. The company had previously secured $2M in  funding from GLI Finance.
  • ComplyGlobal, a New York-based cloud-based compliance platform, has raised $2.5M in funding led by Tribeca Angels and earlier backer IBCC, a Boston-based venture capital fund. The company had previously raised $1.3M in seed funding.
  • Affirm, a consumer lending startup led by Max Levchin, has raised $275M in Series B funding. The round, which includes both equity and debt, was led by Spark Capital Growth, with participation from Jefferies and Andreessen Horowitz, along with earlier backers Khosla Ventures and Lightspeed Venture Partners.
  • Wonder Workshop, a company that teaches children to code through smart robots that children can program using mobile devices, has raised $6.9M in funding from WI Harper Group, with participation from earlier backers Madrona Venture Group, CRV, Maven Ventures, Bright Success Capital and numerous angel investors. The company has now raised $15.9M altogether.
  • Twilio, the company whose application programming interface lets developers add call, voice, text and picture messaging to their apps with just a few lines of code, has quietly raised a $100M round of funding. The raise pushes the company past the billion-dollar valuation mark. Twilio has previously raised $104M from investors, including Bessemer Venture Partners, Redpoint Ventures and Union Square Ventures. It was valued at roughly $500M during its last funding round in July 2013.
  • Travefy, an online and mobile group travel planner, has raised $1.8M in funding from strategic investor Travel and Transport, the Nebraska Global Investment Company, Nelnet, Columbia University, Linseed Capital, the Invest Nebraska Corporation, and a variety of angels.
  • SMS Assist, a company that makes cloud-based facilities management software, has raised $45M in Series C funding from Insight Venture Partners. The company has now raised $105M altogether, including from Pritzker Group Venture Capital and Jumpstart Ventures.
  • PureWow, a New York-based digital media company specializing in women’s lifestyle content (with localized and interest-specific content), has raised $2.5M in seed funding led by Bob Pittman’s Pilot Group, with participation by VaynerRSE, Lerer Hippeau Ventures, Pritzker Group Venture Capital, Melo7Tech, Great Oaks Venture Capital, Galvanize Ventures, and individuals, including Bonobos CEO Andy Dunn.
  • Parkifi, a company whose sensor technology provides real-time data to parking lot operators, cities, and mobile applications to let them know where open and available parking spots exist, has raised $2M from Galvanize Ventures, Foundry Group Angels and Access Ventures, among others.
  • Outreach, a company that creates workflow tools for sales teams, has raised $2.3M in seed funding from MHS Capital, Floodgate, Version One Ventures, and individual investors, including Sarah Imbach, a former chief revenue officer at LinkedIn.
  • NatureBox, a subscription commerce startup that sells snacks direct to online consumers, has raised $30M in Series C funding led by Global Founders Capital, the venture arm of Rocket Internet. Other participants in the round — which appears to bring the company’s total funding to $58.5M — include Neuberger Berman Equity Funds, Kensington Capital Holdings, Valley Oak Investment Partners, individual investors and earlier investors General Catalyst Partners, Canaan Partners and Softbank Capital.
  • Incentive, a company that has developed a social collaboration platform for the enterprise, just raised $1.7M in seed funding from an undisclosed group of institutional and private investors. The company has now raised $3.5M in seed funding altogether.
  • FileChat, a New York-based company whose application allows users to chat about and share documents insidered their preferred cloud storage platforms, has raised $3M from unnamed private investors.
  • Dasheroo, a company whose collaborative business dashboard app helps companies analyze how they’re performing across all the apps they use, has raised $3.25M in Series A funding led by the venture firm Cloud Apps Capital Partners.
  • CloudGenix, a wide-area-networking startup, just raised $25M in Series B funding led by Bain Capital Ventures, with participation from CRV and Mayfield Fund. The company has now raised $34M altogether.
  • Retale, a company whose mobile app allows users to browse store circulars from their smartphones, has raised $12M in funding from earlier backers, including the European media giant Axel Springer.
  • Real Matters, a platform that provides property valuation, collateral risk management and data analytic services to the real estate lending and insurance markets, has raised $60M in new funding co-led by earlier investor Whitecap Venture Partners. Other investors in the round were not disclosed. Real Matters has now raised at least $127M to date.
  • Gameit, a free mobile trivia app that builds trivia games around branded videos and offers users chances to win featured products, has raised $1.6M in seed funding from DAK Capital and individual investors.
  • Culinary Agents, a New York-based job matching site for people in the hospitality industry, has raised $3M in funding led by strategic investor Metro AG, a global retailer based in Germany that operates supermarkets, consumer electronics stores, department stores, theme stores and more. Culinary Agents had previously raised $1.7M in seed funding from Mesa Ventures, RRE Ventures, Correlation Ventures, and On Grid Ventures.
  • CareCloud, a company that sells practice-management and electronic health-record software to physician practices, has raised $15M from unnamed earlier backers. The company has now collected roughly $96M from investors altogether. Its known backers include Adams Street Partners, Hercules Technology Growth Capital, Intel Capital, Norwest Venture Partners, and Tenaya Capital.
  • BlueLine Grid, a New York-based mobile messaging platform that’s based on verified identity (it connects local, state, and federal agencies with one another), has raised an undisclosed amount of funding from In-Q-Tel.
  • Artivest, a New York-based company that pools the assets of individual investors into single purpose vehicles that invest in both private equity and hedge funds, has raised $15M in Series A funding led by KKR. Other participants in the round include earlier backers Peter Thiel, Nyca Partners, Anthemis Group, and FinTech Collective.
  • AltSchool, a San Francisco-based network of new schools with a tech-heavy, personalized learning approach, has raised $75M in new equity funding and $25M in venture debt to grow its enrolment and add to the four schools it currently operates. Earlier backers Andreessen Horowitz and Founders Fund led the new round, with participation from Mark Zuckerberg and Priscilla Chan’s donor-advised fund; Emerson Collective; First Round Capital; Learn Capital; the foundation of venture capitalist John Doerr; Harrison Metal; Jonathan Sackler; Omidyar Network; Adrian Aoun; and other individual investors. AltSchool had previously raised $33M in equity and $11M in debt from Silicon Valley Bank.

EMEA

  • Big Data Partnership, a London-based company that provides big data consulting, training and support for numerous industries, has raised £3.1M ($3.5M) in Series B funding from earlier backer Beringea, which had previously invested £1.25m in the company.
  • Itineris, a Belgium-based company that provides operational software and services to the utilities industry, has raised $10M in funding led by GIMV, with participation from return backers PMV and company founder Edgard Vermeersch. The company has so far raised $20.9M altogether.
  • Eboox, a Milan, Italy-based company that builds online stores for its customers, has raised $1.1M in funding, including from Programma 101 and Club Digitale.
  • Dcs plus, a Romania-based travel technology company, has raised an undisclosed amount of funding from Earlybird Ventures.
  • Automile, a Stockholm, Sweden-based connected car platform whose low-cost device contains an accelerometer, along with a GPS antenna and more, has raised $5M in Series A funding led by Dawn Capital and Point Nine Capital. The company has now raised $5.4M altogether.
  • MeeDoc, a Finland-based telemedicine platform, has raised €3.5M ($3.9M) in funding, including from XLHealth, a German venture firm. The company has now raised $5.3M altogether.

Asia

  • Uniphore, a Chennai-based speech recognition startup, raised a series A round of funding led by Infosys founder Kris Gopalakrishnan. The company had earlier raised funding from early stage VC fund IDG Ventures India, Indian Angel Network, YourNest Angel Fund, among others.
  • Vedantu, an India-based online tutoring platform, has raised $5M in Series A funding from Accel Partners and Tiger Global Management.
  • Iwjw, a China-based company that helps people buy or rent apartments via its site and apps, has raised $120M in Series D funding led by GGV Capital and Morningside Ventures, with participation from Shunwei Capital and Banyan Capital. The round values the young company at $1 billion.
  • Dida Pinche, a China-based carpooling app, has raised $100M in Series C funding led by China Renaissance Capital Investment, with TBP Capital and earlier backers IDG Capital and Beijing-based auto information and marketing site Bitauto joining the round. The company had previously raised $30M across its first two rounds.
  • Toppr, a Mumbai, India-based startup that helps students prepare for entrance exams, has raised $10M from Fidelity Growth Partners India, SAIF Partners, and Helion Ventures.
  • Jetbay, an online platform for foreign travelers to research and book their trips to China, has raised $1.6M in seed funding led by ChinaRock Capital Management.
  • KFit, a Singapore-based company that, like ClassPass in the U.S., enables users to get into a variety of fitness studios with just one monthly membership, has reportedly raised a “seven-figure” round, including from 500 Startups, SXE Ventures, Founders Global and numerous individual investors.
  • eDaijia, a Beijing-based company whose app lets anyone with a car sign up to be a designated driver, has raised $100M in Series D funding led Warburg Pincus, with participation from earlier backers Matrix Partners and Lightspeed Venture Partners.
  • Aiwujiwu, a China-based rental and home listing portal and transaction platform, has raised $120M in Series D funding from GGV Capital, Morningside Ventures, Shunwei Capital, and Banyan Capital.
  • Omise, a Thailand-based payment gateway system company, has raised $2.6M in Series A funding led by the Indonesian venture firm SMDV, with participation from 500 Tuktuks (500 Startups’s dedicated fund for Thailand) and earlier backer East Ventures.
  • DJI, a China-based drone maker, has raised $75M in new funding at a reported $8 billion valuation from Accel Partners, which says the investment is one of its largest ever.
  • Delhivery, an India-based e-commerce fufillment company, has raised $85M in Series D funding led by Tiger Global Management, with participation from returning investors Multiples Alternate Asset Management, Nexus Venture Partners, and Times Internet Limited. The company has now raised at least $127.5M altogether.
  • ChatWork, a Japan-based cloud communication platform for business teams, has raised $2.5M in funding from GMO VenturePartners.
  • Australian local task services marketplace Airtasker has raised AU$6.5M (US$5M) in capital in a funding round led by Shanghai’s Morning Crest Capital. Australia’s National Roads and Motorists’ Association (NRMA), and venture capital firms Exto Partners, Carthona Capital, and Black Sheep Capital were also involved.
  • 8wood, a fashion ecommerce site for women in Indonesia, raised an undisclosed amount of seed funding from local venture capital firm Ideosource. The startup will use the newly-acquired capital for recruitment, marketing, and product development.
  • UHoo, a Hong Kong-based company whose device monitors air pollution levels inside users’ homes, has raised an undisclosed amount of seed funding from East Ventures.
  • Panshi, a China-based online and mobile advertising firm, has raised $200M in Series B funding led by the Shanghai-based investment firm NewMargin Ventures. Other participants in the round include WI Harper Group, JD Capital, Fang Fund Partners, and Shanghai Lefeng.
  • GAMURS, a months-old, Sydney, Australia-based social media platform for gamers, has raised $500,000 in seed funding, after graduating from the National Roads and Motorists’ Association (NRMA) Slingshot Jumpstart accelerator program.
  • Canva, an Australia-based online design platform, has raised $6M in funding from AirTree Ventures, as well as earlier backers, including Matrix Partners, Shasta Ventures and Blackbird Ventures. The company has raised at least $13M to date.
  • Applicate, an India-based workforce management platform, has raised $550,000 in seed funding from individual investors, including Flipkart VP Rishi Vasudev.
  • Tradelab, an India-based startup that’s developed an online trading platform for both brokers as well as casual traders, has raised $390,000 in seed funding from Rainmatter, a fin-tech startup incubator.

Other emerging markets

  • Webydo, a Tel Aviv, Israel-based SaaS platform that enables designers to create and manage code-free websites for their clients, has raised $5M in Series C funding led by Singulariteam, a venture fund headed by entrepreneur Moshe Hogeg of Mobli and Yo fame. The company has now raised $13.4M altogether, including from OurCrowd and Magna Capital Partners.
  • Twistlock, an Israel-based company whose security suite aims to give enterprises the visibility and control they need over their container-based applications and data, has raised $2.5M in seed funding led by YL Ventures.

Mergers & Acquisitions
US

  • Alibaba Group Holding has taken a stake of more than 9% in U.S. e-commerce site Zulily, giving it new exposure to the American consumer market.
  • Boston-area manufacturing software company PTC is paying $112M to acquire ThingWorx, a company whose software platform allows developers to build and run machine-to-machine and “Internet of Things” applications. ThingWorx had raised at least $13M in funding, including from Safeguard Scientifics.
  • PlayHaven, a San Francisco-based mobile ad network, has been acquired for undisclosed terms by RockYou, a San Francisco-based gaming and in-game advertising company. PlayHaven was previously sold to the L.A.-based startup studio Science Inc. last fall for undisclosed terms.
  • App analytics and data company App Annie acquired Mobidia, a leading mobile measurement company. This acquisition will accelerate the international expansion of App Annie Usage Intelligence by combining large app usage dataset of the two parties, and thus giving insight into the two billion smartphone users worldwide.
  • Fullscreen, a joint venture of AT&T and the Chernin Group, has acquired a L.A-based social media content creator called McBeard.
  • Weight loss company Weight Watchers acquired Hot5, a mobile app with a subscription model enabling customers to pay monthly and receive access to a wide range of short fitness videos they can use from the app.
  • Google is spending an undisclosed amount to acquire Timeful, whose app for Apple’s iOS uses machine learning, data analysis, and behavioral economic theory to customize people’s digital calendars. Timeful had raised $7M in Series A funding a year ago from A-Grade Investments, Pitango Venture Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners and Data Collective.

EMEA

  • Wahanda, the European hair and beauty marketplace, has been acquired by Japan’s Recruit Holdings, which already owned 10% of the London-based startup. It has acquired a further 70% share for £112.5M (~$171m), in a deal that sees Wahanda’s other backers cash out.
  • Delivery Hero, the Berlin-based based takeout food service backed by Rocket Internet, is acquiring Yemeksepeti, a Turkey-based competitor, for $589M, in a cash and stock deal. Yemeksepeti had raised $44M in Series A funding led by General Atlantic; it later raised an undisclosed amount of funding from MENA Venture Investments.

Asia

  • 58.com confirmed that it has acquired ChinaHR for an undisclosed sum.
  • Tuniu, a NASDAQ-listed Chinese travel and tourism site, announced today it has secured a US$500M investment led by ecommerce giant JD. JD will purchase US$350M worth of shares in Tuniu, with the rest divided between Hony Capital, DCM Ventures, Ctrip, Temasek Holdings, and Sequoia Capital. The deal is expected to close sometime in the current quarter.
  • The publicly traded meal delivery company Just Eat is acquiring Menulog, a nine-year-old, Sydney, Australia-based online food ordering service, for roughly $687M. Three months ago, Menulog merged with rival EatNow.
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Posted on May 14, 2015, in Internet weekly update. Bookmark the permalink. Leave a comment.

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