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Funding Daily: Go Giants!


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The San Francisco Giants won the pennant last night and there was celebrating in the streets on San Francisco. Of course I couldn’t resist the opportunity to give a shout out to their victory, even though I am not quite what one would call a “sports fan”, and make some far flung analogy between first, second, and third base, and first, second, and third rounds of financing. Let’s play Funding Daily ball!

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InfoArmy wants YOU to create business intelligence reports  

InfoArmy is a marketplace where researchers, analysts, or anyone with the requisite skill set can make extra money by writing competitive intelligence reports. The startup has raised $17.3 million in its second round of funding to “recruit a global army of researchers to build the largest and most comprehensive database of business intelligence reports in existence.” The $17.3 million Series B funding round came from Norwest Venture Partners and Trinity Ventures, and adds to Fowler’s initial $2 million Series A. Read more on VentureBeat.

Skytree pulls in $1M to bring machine learning to the mainstream  

Skytree, a “big data” company that came out of stealth mode in February, has filed for additional funding from existing investors, Javelin Venture Partners.The startup has a tool to bring machine learning techniques to a mainstream market and has raised $1 million of a $2 million round, according to the security and exchange commission (SEC). The San Jose-based company raised its series A round from Javelin Venture Partners in February, 2012. Read more on VentureBeat. 

Spartoo’s boots are made for funding

Online shoe store Spartoo is stepping into €25 million. Known as the “Zappos of Europe,” Spartoo is a straightforward e-commerce site that sells affordable footwear. It sold 2 million pairs of shoes last year and is growing fast. This investment will go towards sustaining the rapid growth and entering new markets. Sofina, A Plus Finance, CM-CIC Capital Privé, Highland Partners, and Endeavour Vision contributed to this round, which brings Spartoo’ total financing to €45 million. Read more on VentureBeat.

Onetwotrip takes off into Russian startup space

Russian travel site Onetwotrip is stowing away another $16 million in investment. OneTwoTrip is an online airline ticket booking site where users can search for flights, see offers, look at ratings, and select the flight that is right for them. According to the tip from Russian tech blog Quintura, this round of funding came from Atomico, a venture capital firm started by a founder of Skype. Read more on VentureBeat.

PEX Card simplifies business expenses

Expense reports can be a hassle, and the unambiguously titled Prepaid Expense Card Solutions, Inc. has raised $3.2 million in its second round of funding. The company provides Visa expense cards to small and medium businesses, in conjunction with management tools for distributing cash to employees and monitoring their spending. The investment was led by existing investor iNovia Capital, with participation from Bluff Point Associates and Augury Capital. This brings the company’s total to almost $5 million. Read the press release.