Deals

Funding Daily: Peanut butter and banana sandwiches


Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


pbbToday’s funding daily is dedicated to peanut butter and banana sandwiches. Why? Because a startup that delivers homemade, organic, peanut butter and banana sandwiches to your door raised money. Not really. Rather, it is because this unfortunate writer has been plagued by a bout of flu, and peanut butter and banana sandwiches are the only thing getting her through. That, the the excitement of the day’s wheelings and dealings.

Foursquare raises $41M as it doubles-down on search and ad ops

Foursquare announced today that it has raised $41 million in a fourth round of funding led by private equity firm Silver Lake Partners. With the additional funds, Foursquare has time to actually build up its business by focusing more on ad operations, sales, and local search features. Most of the investment is in the form of a multi-year loan from Silver Lake, while the rest is made up of convertible debt from VC firms including Union Square Ventures and Andreesseen Horowitz. Read more on VentureBeat.

Pharma startup gets $30M for genetic cancer treatments

Syros Pharmaceuticals, a company that aims to revolutionize the treatment of cancer and other diseases, announced today it received $30 million in financing from Flagship Ventures and ARCH Venture Partners. Syros Pharmaceuticals integrates gene control research and drug discovery with disease biology and genomic data. This is the company’s first round of institutional funding, making the $30 million figure even more remarkable. The capital will be used to fast-track discovery and development of gene control medicines. Read more on VentureBeat.

 

Health accelerator gets $16M to find cures for rare diseases 

Venture firm New Enterprise Associates hopes to find new cures for rare diseases with its latest investment. Today, the Silicon Valley firm led a $16 million round in Cydan, an accelerator program for ideas, research, and strategic partnerships that would find cures for rare diseases. Cydan specializes in accelerating the commercialization of so-called “orphan drugs” designed to treat these diseases. Pfizer Venture Investments and Alexandria Real Estate Equities also participated in the round.Read more on VentureBeat. 

Check out this learn-to-code platform just for kids

A new service called Tynker launched today to help younger children learn how to code. Its core philosophy is that elementary school-aged children should understand the basics of how computers work and how they’re programmed. The startup launched today with a sizable ~$3 million in seed funding from 500 Startups, NEA, Felicis Ventures, and a slew of other angels and institutions. Read more on VentureBeat.  

Sticky gets $3M to track your eyeballs

Sticky is a startup that’s all about tracking your eye movements while you’re online to determine which ads you like (or ignore). Using this data, the company can tell advertisers whether anyone actually sees those annoying banner ads floating around the web and just how much it costs to get anyone’s real, legitimate attention online these days. The company has just announced a $3 million round of funding, its second institutional infusion of cash. The funding comes from Euro-firm Northzone and Conor Venture Partners, a VC firm based in Finland.

Rackware racks up $1.8M to make enterprise clouds better, faster, strong, better 

RackWare is a cloud startup that has raised $1.8 million in its first round of funding. RackWare has developed a series of enterprise solutions to bring “intelligence and automation to the cloud.” The RackWare Management Module (RMM) helps businesses scale across private, public, or hybrid cloud environments, without changing applications. This $1.8 million is part of an intended $2.67 million, according to an SEC filing. . The investors are undisclosed, although VentureBeat has reached out to RackWare for comment. Read more on VentureBeat.

LevelEleven lands another $500K to gamify sales and CRM

Enterprise gamification startup LevelEleven has raised $500,000 in new seed funds to motivate sales people around the world. Detroit-based LevelEleven offers software that makes sales and selling a game. The company’s flagship product is ContestBuilder, which pushes sales people with a leaderboard, has them mark completed tasks, dangles potential rewards for the top sales people, and more. ContestBuilder is the most popular gamification app on the Salesforce AppExchange. LevelEleven raised $1 million back in October, bringing its total seed funding to $1.5 million. The seed funding was led by Detroit Venture Partners, with participation by Hyde Park Venture Partners, The First Step Fund, and private equity investor Rick Inatome. Read more on VentureBeat.

OpenCoin raises seed round so ‘anyone in the world can trade any amount of money in any currency’

OpenCoin is a startup building a simple, global, open currency system. Today, the company announced it has an angel round of funding to expand the Ripple protocol, a virtual currency and payments system that allows “anyone in the world to trade any amount of money in any currency.” Ripples are a virtual currency. The Ripple network is a decentralized, open source, peer-to-peer payment network that enables free payments to merchants, consumers, and developers in any currency. Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund participated in this round. Read more on VentureBeat.

Photo Credit: ktread/Flickr