Business

Funding Daily: Kids these days, with their Walkmans & their Bitcoins

Our biggest deal of the day is around fake money platform Bitcoin, a once-worthless virtual currency that became quite worth-full in recent months in particular.

Bitcoin-related startups have become hotter than your mom lately. In fact, we’d be hard-pressed to say which niche is gathering more totally unwarranted enthusiasm: Bitcoin or Google Glass.

We’re seeing funding deals for Bitcoin startups quite a bit more than makes us comfortable, and today’s leading figure takes the cake: a nice $6 million for a Bitcoin incubator. We’re dying inside a little. Whatever happened to the gold standard?

Kids these days.

BitAngels grabs $6.7M

Excitement surrounding Bitcoin continues to bubble as the ecosystem surrounding the digital currency gets hotter and hotter. Today, a multicity angel network and incubator dedicated solely to Bitcoin startups announced that it has raised nearly $6.7 million in about a week to fund Bitcoin startups. Read the full story on VentureBeat.

Appurify raises $4.5M

In an effort to save developers from mobile app testing hell, Appurify has developed a service that automates testing across actual mobile devices. The company announced today that it has raised $4.5 million in a first round of funding led by Google Ventures. While its platform is still in private beta (with a few unnamed enterprise companies as customers), it’s gearing up for a public beta launch later in 2013. Read the full story on VentureBeat.

Conversocial seals a $4.4M deal

Businesses work hard to acquire customers, and once they have them, don’t want to lose them. Conversocial has raised $4.4 million (£2.95) for its social customer service solutions that keep businesses connected to their customers and their needs. American Express conducted a study last year that found that 46 percent of Internet users in the U.S. “storm” social media to express frustration about poor experiences. Conversocial’s platform helps customer service teams quickly identify and respond to real issues popping up on social media. Read the full story on VentureBeat.

Mail.ru leads $1.5M round for Cortica

Image recognition startup Cortica has raised another $1.5 million in funding — this time from Russian technology powerhouse Mail.Ru Group. Cortica’s Image2Text technology promises to give computers the capability to comprehend visual content in real time. The technology supposedly functions similarly to the human cortex and can identify patterns and make classifications from images, videos, maps, and more. For example, Image2Text can recognize a photo of the Eiffel Tower in Paris and then automatically offer up background info about the structure, ads for tickets to Paris, and a video showing views of the city. Read the full story on VentureBeat.

Carnet de Mode Announces $1.5M Series A

Paris is known as one of the four fashion capitals of the world, and today a Paris-based startup received $1.5 million in investment capital to accelerate expansion of its online fashion marketplace. Carnet de Mode describes itself as a “Parisian temple of fashion.” The company connects up-and-coming fashion designers in Paris with stylish consumers around the world looking for that “ineffable French touch.” Read the full story on VentureBeat.

Mexican Square clone Clip raises $1.5M

Clip has raised $1.5 million in funding to build a mobile payments system for the Spanish-speaking world. The solution resembles that of Square, but it is focused on the needs of local markets such as Mexico. Adolfo Babatz, the chief executive and cofounder, told VentureBeat in an interview that the platform will turn a mobile phone into a payment-card processing terminal for businesses and individuals in Mexico and other Spanish-speaking countries. Read the full story on VentureBeat.

DoYouRemember recieves $1M

DoYouRemember is a startup more focused on the past than the future. This “nostalgia” platform has announced raising $1 million in initial funding to celebrate all things retro. DoYouRemember is a social media site and suite of mobile apps designed to bring together communities of people “passionate about nostalgia” (basically, hipsters). Social media is riddled with tributes to kitschy treasures, relics of childhood days, vintage clothing, and old-school memorabilia. Read the full story on VentureBeat.

Image credit: zcopley/Flickr


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