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Funding Daily: ‘The startup is you!’


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Today brought a deluge of funding stories, and the amounts were generally larger than our typical funding-news fodder, too.

Let’s dive right in, shall we?

Eventbrite bags $60M

Eventbrite may look like a company on the verge of an IPO, but its latest bit of financing shows it’s quite content to stay private. Eventbrite has raised a fresh $60 million in funding, thanks to T. Rowe Price and Tiger Global. While it’s a bit strange that a late-stage company like Eventbrite is still accepting financing, the tepid IPO market has made staying private an increasingly attractive option. Read the full story on VentureBeat

Kik weighs in at just under $20M

Only a few weeks after hitting 50 million users, the popular mobile messaging service Kik has received a new chunk of funding to fuel its impressive growth. Kik announced today that it has raised $19.5 million in a second round of funding led by Foundation Capital. It’s a significant step beyond Kik’s existing $8 million funding, but Ted Livingston, the company’s founder and chief executive, isn’t letting it get to his head. Read the full story on VentureBeat.

Vidyo takes home $17M

Vidyo, the video conferencing company that supplies the technology for Google’s Google+ Hangouts and Nintendo Wii’s videoconferencing, has just raised a $17 million round. “Our overall growth in billings was 68%,” Vidyo CEO Shofer Shapiro told us. “That’s while our competitors were somwhere between flat and negative growth.” Read the full story on VentureBeat.

Gizmox closes $7.5M round for the mobile web

It’s not dead yet! It’s feeling better! The rumored last gasps of the mobile web won’t actually be its last, if Gizmox and its stable of investors have anything to say about it. The startup just raised $7.5 million to turn enterprise and business software into HTML5 mobile web apps. Read the full story on VentureBeat.

Upstart gets $5.9M for college grad funding

“The startup is you!” Upstart, the startup that can help recent graduates step off the treadmill of a corporate career, just closed its first round of funding. The San Francisco-based company, which has been described as a “Kickstarter for people,” secured $5.9 million in investment from a roster of high-profile investors, including IronPort cofounder Scott Bannister, Salesforce CEO Marc Benioff, and Google executive chairman Eric Schmidt. Read the full story on VentureBeat.

Nanigans raises $5.8M for Facebook ads

Boston-based Nanigans is nothing more than a complex series of digital robots that place ads on Facebook and try to maximize the return on investment. Its customers include big-name companies like eBay, Zynga, and Fab. Today, the company told the world it’s taken a $5.8 million “Series A-1″ round of funding. The “A-1″ terminology reminds us of steak sauce, and the product reminds us of every other social media marketing platform we’ve ever heard of, but you know what? Good for them.

Kreditech takes a $3.5M deal

The Samwer brothers just invested in Kreditech, a German startup that uses thousands of data points to determine how creditworthy you are. Kreditech is a credit-scoring and micro-lending company aimed at emerging markets; it competes with UK-based Wonga. According to the website, Kreditech has grown to 30 employees and has also procured funding from the Rocket Internet startup incubator program. Read the full story on VentureBeat.

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