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Funding Daily: Editors gone wild


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Our editors are going nuts (see picture of VentureBeat editor Jason Wilson above). Yesterday was Apple’s Worldwide Developers Conference, E3 gaming news comes flying around every corner, and every day there’s something new about this government PRISM surveillance program.

And on top of that, you startups and investors have given them a whopping 12 funding stories to edit.

Congratulations, Silicon Valley. Your productive fund raising is driving us nuts! In a good way. We love seeing these companies grow up, get their first allowances, and eventually build some amazing products. (Can you tell we’re in a good mood? Must have something to do with the chocolate almonds we use for fuel.)

Check out the many startups who got funding today (and thank any editor-friends).

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GE to invest $2B in building innovative software for health care

General Electric is on a mission to improve efficiency in hospitals and is setting aside $2 billion for its health care practice. Hospitals and GE have one thing in common: They are both under pressure to adapt to the digital age. GE says it will fund the development of software and applications over the next five years that can expedite or improve clinical processes in the U.S., and in emerging nations. Read the full story on VentureBeat.

Samwer Brothers-backed e-commerce biz Lamoda nabs a staggering $130M

Hot Russian e-commerce startup Lamoda has raised an insane $130 million in funding, the largest Russian e-commerce investment to date. Moscow-based Lamoda sells clothes, shoes, accessories, and more online with the option for next-day shipping in Russia and Kazakhstan. It was incubated by the Samwer Brothers’ infamous Rocket Internet. The new funding round was provided by Access Industries, Summit Partners, and Tengelmann. Read the full story on VentureBeat.

BrightEdge closes $42.8M to guide marketers through dark seas of data

Yet another big data-meets-marketing startup has hauled in a hefty round of funding. BrightEdge has raised $42.8 million in its fourth round of funding. The company provides an enterprise grade SEO platform that applies big data analytics to marketing efforts. Founder and CEO Jim Yu said in an interview with VentureBeat that the S3 platform does three core things. It visualizes collected data in customizable dashboards with drag and drop charts. The engine indexes information from websites, search engines, mobile devices, and social media and “glues” it back together for an overall view of relevant activity. Read the full story on VentureBeat.

Custom marketplace CustomMade grabs $18M from Google Ventures, Atlas

Custom-made goods marketplace CustomMade has raised $18 million in new funding with an aim to grow further and connect more makers and buyers who crave one-of-a-kind items. Cambridge, Mass.-based CustomMade separates itself from other two-sided marketplaces — namely handmade goods king Etsy — by connecting buyers and makers with the option that the maker will customize the project to suit to buyer’s tastes. The new round was led by returning investor Google Ventures and new investor Atlas Venture, with participation from Schooner Capital, Next View Ventures, First Round Capital, and Launch Capital. Read the full story on VentureBeat.

Is cold storage hot again? SageCloud gets $10M

Cold storage is gaining momentum, and a recent research report from IDC and SageCloud’s fresh round of funding validate this trend. Boston-based cold data storage startup SageCloud announced today that it completed $10 million in Series B financing. The round was led by Braemar Energy Ventures, with participation from its existing investor, Matrix Partners. Dr. Jiong Ma, a partner at Braemar Energy Venture, will also sit on SageCloud’s board as part of the new arrangement. Read the full story on VentureBeat.

Modus raises $10M to save lawyers ‘getting crushed’ by data

Lawyers deal with a lot of paperwork, but the industry has been slow to adopt technology that can help them manage the data flow. Legal tech startup Modus just announced it has raised $10 million in funding to continue expansion of its successful eDiscovery service. Harbert Management Corporation and Azalea Capital led this round, with participation from Buergari. Modus is based in Washington DC. It was founded in 2008. Read the full story on VentureBeat.

iZettle charges onward in Europe’s War of the Dongles with $6.6M strategic investment

The competition in the war of the dongles continues to heat up. Today Swedish mobile point-of-sale (POS) startup iZettle announced a $6.6 million round from Banco Santander to fuel global expansion. iZettle is one of the European clones of Square, the pioneer dongle startup founded by Twitter creator Jack Dorsey in 2010. While Square has focused on the U.S. market, its success has given way to a host of imitators around the world hoping to capture international markets. Read the full story on VentureBeat.

Location API service Locaid secures $4.05M

Locaid, a Location-as-a-Service (LaaS) startup, has closed $4.05 million in new funding, according to an SEC filing released today. The company specializes in providing location-based API services for its enterprise and consumer-facing business clients, who can then pinpoint where users or devices are across the globe. Read the full story on VentureBeat.

InternMatch helps students get hired, gets $4M

InternMatch helps employment newcomers find their place in the working world. The company raised its first funding at $4 million today, and plans to make that process even simpler for both candidates and hiring managers. The funding, which will help InternMatch grow the service, was led by Aris Ventures and Subtraction Capital, with participation from 500 Starts, Kapor Capital, Rudy Gadre, and other previous investors. Read the full story on VentureBeat.

Namely secures $3.35M to keep employees on-task and organized

Keeping teams productive and efficient can make or break a business. Namely has raised $3.35 million from True Ventures to help businesses stay on top of their “people management.” The startup provides an enterprise platform for businesses to conduct human resources activities. Using Namely’s HR Information System (HRIS), they can store and track data about employee reviews, time off, compensation, work history, and set goals. Read the full story on VentureBeat.

Compass takes $2M

Compass Quality Insight, a startup that makes software quality assurance tools, has just launched with a $2 million investment from Bain Capital Ventures and XSeed Capital. Out of the gate, Compass was touting its first product, Compass Profiler, which gives QA pros new tools to target new code or assets or design in a web app, pinpoint related bits of code, and find “testing gaps” where bugs are most likely to lurk. It’s partly automated, partly manual, and the company hopes it’ll make QA much faster in a world that runs on software. The startup was founded in 2012 and is based in San Francisco.

Likeable gets $660K

In a small seed round of funding, Likeable Local took $660,000 from entrepreneur Thomas DiBenedetto, who heads up 500 Startups’ Manhattan branch and is president of Junction Investors. Likeable Local brings social media services and creative content to small businesses. The twist is that this startup automates a lot of time-consuming content-posting based on the business owner’s preferences. The new money will be used for ice cream and pony rides. Kidding! It’ll actually be used for hiring (developers) and expanding the service to new markets. The New York-based startup was founded just last year.

Jason Wilson photo via Meghan Kelly/VentureBeat