Deals

Funding Daily: A case of the Mondays


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There wasn’t much big news today in the tech world, but the deals kept flowing. We saw some big money around a Rolodex for the world’s most interesting people and a platform to help connect doctors and patients. But surprisingly, our most popular funding story happened to be the smallest deal: People just can’t get enough of privacy solutions in light of the NSA data-snooping controversy.

Kenandy slurps up $33M for ERP 

Kenandy has raised $33 million for its cloud-based enterprise resource-planning (ERP) software. Kenandy applications are built on top of Salesforce.com’s social enterprise cloud-computing platform It’s built specifically for companies that design, manufacture, and distribute products. Applications include inventory management, engineering, purchasing, production, resource planning, order management, and complete financials. Lightspeed Venture Partners led this round, with existing investors Kleiner Perkins Caufield & Byers, Salesforce.com, and Wilson Sonsini Goodrich & Rosati. Read the press release.

RelSci racks up $30M for its digital database of the world’s most influential people

A Rolodex filled with two million of the wealthiest and most influential people in the world sounds like a business urban legend. Relationship Science has created one, however, and people are willing to spend thousands of dollars for access. Today the startup announced raising an additional $30 million, closely following its public debut and a $60 million round of funding in February 2013.

Medivo raises $15M to bridge gap between patients and physicians

Health startup Medivo has raised $15 million to expand its health-monitoring platform that connects doctors, consumers, and clinical labs. The company’s vision is to save and improve lives through faster and easier access to quality health care.

Antitracking startup Disconnect nabs $3.5M from FirstMark

With privacy concerns at a new high following revelations related to PRISM, it makes sense for VCs to invest in companies aiming to improve online privacy. Antitracking app maker Disconnect falls into that category, and it just raised $3.5 million in new funding. Palo Alto, Calif.-based Disconnect builds applications that promise to make online browsing faster and more secure.

Money in men’s shirts

Men’s fashion startup Trumaker has raised $1.9 million from Venrock, RRE, and angel investors including Alex Bard, David Tisch, Bonobos chief executive officer Andy Dunn, Velos Partners, Eniac Ventures, and others. The company offers personalized, made-to-measure casual men’s shirts. Its team of “Outfitters” visits clients where they are to take their measurements, and then customers can design their shirts with specific fabrics, fits, collar shapes, and more and have it custom-made.

SteadyServ chugs down $1.5M for beer tech

Indiana startup SteadyServ has raised $1.5 million for beer. Beer technology, that is. The company makes a mobile software-based inventory- and order-management system for the beer industry. Its iKeg solution measures draft beer in hand and reports that inventory to the system of bar and restaurant owners. Elevate Ventures contributed $125,000 to the round from the Indiana Angel Network, joining other Indiana, New York, California, and Arizona investors who invested private capital.

St. Louis forming $100M startup fund to send deals flowing down the Mississippi

Old St. Louis wants to become hot with young startups. Civic and business leaders are raising $100 million to kick the region’s burgeoning startup scene up a notch. Dubbed the Regional Entrepreneurship Initiative (REI), it seeks to attract venture capital over the next five years to support the “rapidly growing entrepreneurial ecosystem and high-growth startup activity” as well as fund new ventures.