The rich get richer and Wealthfront raised $20 million to help wealthy people manage their money, and online menswear provider Indochino is hoping that men will indeed shop for clothes online.
Indochino raised $13 million for an online menswear shop. Highland led this round and Stemberg will join the company’s board. Madrona Venture Group and Acton Capital Partners also participated in this round.
Online wealth management firm Wealthfront raised $20 million from Mike Volpi of Index Ventures, who led the round, and Chamath Palihapitiya of The Social + Capital Partnership as well as Reid Hoffman of Greylock Partners.
ShareThis, the social sharing toolbar, raised a $23 million series C round led by T-Venture, the venture capital arm of Deutsche Telekom, plus Harbourton, Blue Chip Venture Company, Illinois Ventures, the Matthew Pritzker Company, Mercury Fund, RPM Ventures, and others.
Concurrent raised $4 million for helping developers build apps with Apache Hadoop from True Ventures and Rembrandt Venture Partners.
Australian group booking site TheBestDay raised “just over $1 million” in a series A from a number of different investors.
QPID, a health records and intelligence solution, closed $4 million in early funding from investors including Matrix Partners, Partners Innovation Fund, Massachusetts General Physicians Organization (MGPO) and Cardinal Partners.
Spanning Cloud Apps
Spanning Cloud Apps, Inc., a data protection solution, secured $6 million in Series B funding with an undisclosed strategic investor leading the round, and existing investor Foundry Group LP also participating.
And Masabi, a transit mobile ticketing and fare collection solution, announced today that it secured $2.8 million in funding from Detroit-based Fontinalis Partners and London-based MMC Ventures, plus existing investor m8 Capital.