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Puppies are, quite simply, the best. Only one of the eleven funding stories from today had anything at all to do with dogs, but that hook is enough for me. Here is your day’s roundup of funding news, published predictably with a picture of a puppy.
Altimeter Capital forms $75M venture capital fund
Hedge fund Altimeter Capital has closed a $75 million venture capital fund to invest in early to mid stage startups. Altimeter has been in business since 2008 and has more than $600 million under management. It previously invested in private companies including Kayak, Hubspot, and Duetto Research, and the firm’s founder Brad Gerstner is an active angel investor. Altimeter recently opened an office in Silicon Valley. It is based in Boston.
YL Ventures raises second fund to build bridge between Israel and Silicon Valley
YL Ventures has raised a $27.5 million fund to invest in Israeli startups. This is YL Ventures second fund. The firm provides seed funding and helps Israeli startups build a network in Silicon Valley. It focuses on software-as-a-service, cloud computing, big dad, cyber security, DevOps, e-commerce infrastructure, and mobile technology.
Visual search startup Superfish hooks $10M from Vintage, DFJ, and Tamir Fishman
Superfish, a visual search startup focused on e-commerce and product searches, has raised $10 million in its fourth round of funding.The company can help businesses in the shopping space connect better with consumers in an increasingly photo-based web. Vintage Investment Partners led the new funding, with participation of prior investors Draper Fisher Jurvetson (DFJ) and Tamir Fishman. Superfish last raised $4 million back in Nov. 2010. Including the new round, Superfish has raised $19.3 million to date. Read more on VentureBeat.
Trov unlocks a treasure trove of its own
Trov has raised a total of $6.8 million for its private digital locker service that keeps information about users’ possessions organized, valued, accessible, and sharable. Its goal is to amass the world’s largest digital repository for tangible assets. It targets high net worth individuals that want to create digital identities for their property. The company is headquartered in San Ramon. Its board includes Gordon Bell of Microsoft, former president of T. Rowe Price Todd Ruppert, Jim Nordstrom, as well as execs from eBay, SalesForce, Flextronics, Harper Collins, and Autodesk.
Olapic raises $5M to combine photo-sharing and online shopping
Olapic has raised $5 million to make consumers part of a brand’s “digital voice.” The company showcases user-generated images on a company’s e-commerce platform to create a more interactive experience. Fung Capital USA and Longworth Venture Partners led this round, with participation from existing investors Great Oaks and Scout Ventures.
Bottlenose bottles up $3.6M for “trendfluence” (not a real thing)
Bottlenose, a platform for organizing social media content, has raised $3.6 million in its first round of funding. The company measures “trendfluence,” or trending content on social networks, to help brands identify and respond to trends that could affect their business in real time. This financing will support development of the company’s enterprise product, with it plans to launch in the fall. ff Venture Capital led this round with participation from Lerer Ventures, Transmedia, Advancit, and others. The company is based in Los Angeles. Read the press release.
Rover.com raises $3.5M for PUPPIES!
Rover.com has raised $3.5 million, led by Petco and signed an exclusive promotional agreement. Rover.com is site that connects dog owners with local pet sitters. Sitters have profiles on the site and are approved and reviewed. Rather than putting a dog in a kennel or foisting it on family and friends, Rover.com helps owners find qualified people nearby who are willing to watch the dog for a reasonable fee. The site has 150,000 members enrolled, and 25,000 approved sitters in 4,300 cities around the US. Seattle-based Rover raised $3.4 million last year, led by Madrona Venture Group. Read more on VentureBeat.
Scoop.it raises $2.6M to turn anyone into a publisher
Scoop.it has scooped up $2.6 million to mold vast amounts of Internet content into more manageable form. The company combines semantic analysis of 10 million Web pages with human curation to help brands publish relevant content. Partech International, Elaia Partners, IXO Private Equity, and Orkos Capital contributed to this round. Scoop.it has raised $13.6 million, including funding from its previous incarnation as Goojet. Read more on VentureBeat.
Social Tables nabs $1.6M to simplify event planning
DC-startup Social Tables has raised $1.6 million to develop its event planning software. The money will be used to grow its business-to-business product, already used by national hotels, nonprofits, corporate event planning groups, academic institutions, museums, and government organizations to organize their events. The software has tools for event diagramming, seating, check-in etc… This round was led by Militello Capital, with participation from existing investor 500 Startups and Fortify Ventures, as well as new investor Goldin Ventures, Middeland Vetures, K Street Capital and others.
LegalReach opens its attorney network to anyone, secures $900K (exclusive)
Social network for attorneys, dubbed LegalReach, has raised $900K. The company is now used by 10,000 active attorneys and running active alumni networks for 275 law schools in the U.S. Just this week, the startup made the service available to anyone in need of legal advice. IronPort founder Scott Banister and AngelList founder Naval Ravikant contributed to his round. Read more on VenturBeat.
CIA invests top secret amount in red owls
Analytics company RedOwl announced a strategic partnership with In-Q-Tel that also involves funding. In-Q-Tel is the CIA’s venture arm. It invests in startups that somehow support the U.S. intelligence community. RedOwl’s big data analytics platform uses “inferential algorithms,” social networking theory, and visualizations to make sense of corporate data. The software enables organizations to assess and monitor patterns and anomalies in their data. RedOwl is based in Baltimore, MD. Read the press release.
VentureBeat is studying mobile marketing automation
, and we’ll share the data.