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Funding daily: Rock out with wireless speakers


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The funding is flowing this mid-June Monday. A big round went to wireless speaker company Sonos today, and a few cloud companies picked up some cash. Check out who else scooped up funding below.

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Snapguide snaps up $5M for its DIY guides

Heavy Bits, the company that created do-it-yourself guide-making iPhone app Snapguide, has just raised a $5 million investment. Just like it sounds, Snapguide encourages you to create step-by-step guides for DIY projects and recipes. Atlas Venture, Index Ventures, and Crunchfund participated. Read more on VentureBeat: Snapguide shares your knowledge with DIY guides, raises $5M.

Sonos scores $135M for wireless speakers

Wireless multi-room speaker system company Sonos closed a $135 million investment. Kohlberg Kravis Roberts led the round, with support from Redpoint Ventures and Elevation Partners. Read more on VentureBeat: Sonos raises $135M as former Apple CFO joins board.

Ooyala raises $35M to bring broadcast TV online

Video platform Ooyala has raised a $35 million fifth round of funding from Telstra Applications and Ventures Group. Its platform powers videos on sites such as ESPN, Rolling Stone, and Victoria’s Secret. Read more on VentureBeat: Ooyala grabs $35M late-stage funding for video streaming platform.

Nutmeg gets $3.5 million to invest your money

London-based investment management service Nutmeg has raised $5.3 million in funding. Still in private beta, Nutmeg promises to help you reach your financial goals with personalized investments and long-term savings advice. Venture capitalists Pentech and Daniel Aegerter led the round, with participation from Tim Draper and Klaus Hommels. Read more on VentureBeat: Financial advising service Nutmeg gets its own $5M investment.

MemSQL speeds up databases with new funding

Database optimization startup MemSQL has raised a $5 million round of funding in total. The follow-on seed round, announced today, came from First Round Capital, IA Ventures, NEA, SV Angel, Y Combinator, Paul Buchheit, Ashton Kutcher, Max Levchin, and Aaron Levie. Read the press release.

Astute Networks grabs $12M to boost the speed of virtual machines.

Astute Networks focuses on creating flash-based hardware that accelerates virtualized computing systems. The company raised a $12 million investment today from Samsung Venture Investment, Tallwood Venture Capital, Narra Venture Capital, Ayala Capital, ICCP Venture Partners, and TIFF. Read the press release.

Grishin Robotics launches new fund for robotics

Calling itself the first global fund for robotics investments, Grishin Robotics launched last week from Russia’s Mail.ru Group founder Dmitry Grishin. The fund will invest in multiple sectors that focus on robotics research and development.

Concert crowd image via Shutterstock

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