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In this slightly tardy edition of Funding Daily, we have six funding announcements from all corners of the tech industry.
It was a big day for education tech, with Coursera nabbing a large chunk of funding to bring its online education platform to international markets. There was also investments made in family focused social networking apps, same-day grocery delivery services*, a cloud-based mobile optimization service with a philosophical Star Wars-sounding name, and more.
So without further pause, here’s today’s funding announcements:
Location-based social app for families Life360 secures $10M
Life360, a family focused location-based communication app, has raised $10 million, the startup announced today. The app, which is available on both iOS and Android, targets family members who want to cut through the noise of all the other social services and digital communication options available. Founded in 2008, the San Francisco, Calif.-based startup says it has about 40 million users and has raised a total of $20 million in funding to date. Read the full story on VentureBeat.
Coursera nabs $43M to bring online education to emerging markets
Online education startup Coursera today raised $43 million in funding to market its online education platform to millions of students globally. The startup currently works with 83 educational institutions across four continents and offers around 400 free courses to more than 4 million students from every country in the world. The Series B round of funding comes from GSV Capital, International Finance Corporation (IFC), the investment arm of the World Bank, Laureate Education Inc., and Learn Capital. Read the full story on VentureBeat.
Grocery delivery startup Instacart picks up $8.5M from Sequoia Capital
The grocery delivery space is quickly heating up, with Amazon recently launching its Amazon Fresh service in a few new cities and a growing number of other retailers toying with the idea. Instacart, which closed a $8.5 million round from Sequoia Capital today, takes a different approach to food delivery by hiring customers to do your shopping at stores like Trader Joe’s or Costco for you and subsequently drop it off at your place. The service is currently limited to San Francisco. As part of the funding deal, Sequoia’s Michael Moritz will join the Instacart’s board. Read the full press release.
Movidius gets $16M to make chips that vastly improve visuals on mobile devices
Chip-manufacturing startup Movidius is making a place for itself as it takes on ARM, Apple, Samsung, Intel, Qualcomm and others. The San Mateo, Calif.-based company is announcing today it raised $16 million in a fourth round of funding to build what it calls a “revolutionary computational image processor chip.” The purpose is to enable eye-popping visual applications on mobile devices that run circles around today’s best-looking apps and games — without killing your device’s battery life. Read the full story on VentureBeat.
Business intelligence startup Zoomdata closes $4.1M
Zoomdata, a big data business intelligence startup, has raised a $4.1 million Series A round of funding. The startup helps businesses and analyst visualize multiple streams of data. The Reston, Va.-based company plans to use the money to hire more employees as well as open up an office in Silicon Vally. The new round was led by Columbus Nova Technology Partners (CNTP), with participation from Razor’s Edge, CIT, and B7. Read the full press release.
Yottaa raises $16M to help mobile sites use the force* for optimum performance
Website optimization service startup Yottaa (whose name sounds a heck of a lot like the name of Luke Skywalker’s pint-sized Jedi master) has raised a new $16 million round of funding. The Boston, Mass.-based startup helps businesses speed up and monitor their websites for optimum performance. The new round will go towards helping its business clients speed up the mobile website performance. It’s clients include BNY Mellon, Liberty Mutual, H&R Block, and Chili’s. The round of funding came from new investor Intel Capital. Read the full press release.
* We apologize for the “peanut butter jelly time” song currently stuck in your head after reading the introduction headline.
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