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Funding Daily: Ten million bucks — who wore it better?


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Two companies in the rather large roundup today raised $9 million (Apsalar and CareCloud) and two grabbed $10 million (Tastemade and Clustrix).

So we’re asking, who wore it better?

Tim Gunn, who writes a monthly who-wore-it-better column for some fashion rag or other (and hosts the popular Project Runway fashion competition TV show), might say something like:

Apsalar paired the $9 million with a mobile ad product, but its 800 million users got the proportions all wrong. CloudCare focuses its $9 million on health technology, showing the value of careful editing when putting together a complicated look.

Or whatever. Let’s get it on!

Glam grabs $25M

Glam Media has raised an additional $25 million in a series F round of funding, VentureBeat has confirmed with sources familiar with the deal. Glam Media declined to comment on the funding. Glam Media has been planing to go public since 2011 and reportedly filed an IPO under the JOBS Act in secret back in February. (The regular IPO filing process is public record, while filing under the JOBS Act is not.) This new round isn’t huge, but it will help the company stay the course as it pursues a public offering, our sources say. Read the full story at VentureBeat.

Clustrix starts its $10M raise

Clustrix is raising a $10 million round of funding. According to an SEC filing, the startup has $2.5 million in the bank and $7.5 million in commitments. Clustrix is a provider of “scale out” SQL database software. It held organizations scale transactions, run real-time analytics, and simplify operations. Investors from ATA Ventures, HighBar Ventures, and the Canary Foundation participated.

Tastemade scoops up $10M

Tastemade has raised $10 million to grow its online video food network. Cofounder Larry Fitzgibbon said the company’s goal is to become a major global brand for food and lifestyle content. “Just as the Food Network did this for the cable era, we want to do the same thing for the age of digital,” he said in an interview at VentureBeat’s office. “Digital is a completely different platform, and video and mobile technology present a huge opportunity to create a global community of food lovers.” Read the full story on VentureBeat.

Apsalar gets $9M

Apsalar, maker of a mobile ad platform that lets you intelligently purchase highly profitable ads, announced today that it has raised $9 million in a second round of funding led by DCM. The company’s technology is powered by a network of more than 800 million anonymous mobile users, which gives its platform a wide variety of potentially profitable users to target with ads. By focusing on the users who matter the most, Apsalar’s platform could help stretch the performance of your advertising budget. Read the full story on VentureBeat.

CareCloud locks in $9M

CareCloud just added $9 million in venture funding to its enormous second round, making the startup $30 million richer in a matter of months. Investors are keen to put their dollars behind the Boston- and Miami-based startup, as it’s one of a handful of digital health ventures with the potential to make it big as health care moves online and to the cloud. “Physician practices are fragmented — and CareCloud has an opportunity to grow its market fast,” said Jeffrey Diehl from Adams Street Partners, the firm that just invested in the round. Read the full story on VentureBeat.

InteraXon closes $6M

Today, Interaxon closed a $6M series A round of investment. CEO Ariel Garten just announced the news today at Grow Conference in Vancouver, where she demoed the company’s product, the Muse, which has six sensors that replace a traditional head-covering EEG machine in a single slim, attractive headband. “Muse is the brain-sensing headband that allows you to track your cognitive and emotional activity,” Garten told me after her speech. “It boosts your attention and helps you become more aware of the emotions that you’re having.” Read the full story on VentureBeat.

BlueApron ties up $5M

Blue Apron has closed $5 million for its online grocery delivery service. Blue Apron provides recipes for quick and healthy chef-designed meals. You sign up on a weekly basis and Blue Apron will deliver you boxes with preportioned ingredients and recipe cards. Each meals costs $9.99 per person. Bessemer Venture Partners led this second round of financing, with participation from First Round and other early investors. The company also announced expansion to the West Coast.

Seismic gets $4.5M

Seismic, an enterprise-focused company that does really cool things with large organizations’ stuff, has just announced a tidy $4.5 million round of funding. The raise was led by venture capital firm Sigma West, with additional funding coming from private investors. Briefly, Seismic takes an enterprise-level company’s stuff (documents, presentations, files, whatever) and propels it into the cloud, where it’s automatically synced and turned into “a constant feed of live info.” This ensures that all figures are up-to-date, all the graphics are on-brand, and customer information flows smoothly.

Punchh scores another $3M

Loyalty rewards startup Punchh has taken a $3 million round of funding. Company reps write to VentureBeat, “They could have raised more, but this is all they needed to continue to grow operations because revenue continues to build.” There, there. We trust you. Punchh makes branded mobile apps for restaurants that includes loyalty programs and also has features for placing orders and processing payments.

App.net’s raising another $2.5M

App.net, filing under the name Mixed Media Labs, disclosed that it has raised $1.9 million of a $2.6 million round. App.net is a social network that aims to provide a “truly better” alternative to popular sites like Facebook and Twitter. Yesterday was App.net’s first anniversary and it has since released a series of other applications, including a private messaging, microblogging, and photo-sharing apps for iPhone. Existing investors Andreessen Horowitz participated in this round.

Swiftype raises $1.7M

Swiftype has raised $1.7 million from venture capital bigwigs for its search engine software. The Y Combinator company provides solutions that help companies integrate search engines into their websites, no coding required. You enter a URL and Swiftype’s technology will crawl the site and quickly create a search engine. There are “drag and drop” tools to customize rankings, and you can reorganize results from Swiftype’s dashboard. The software also enables autocomplete and is optimized for mobile. Once the search engine is up and running, Swiftype provides analytics on what users are searching for, finding, not finding, and popular content. Read the full story on VentureBeat.

Sportsmanias scores $1M

Sports fans are a fickle bunch in the sense that they want to sift through all the news articles each day to find coverage specific to their favorite teams — or favorite teams to hate. Fortunately Miami-based startup Sportsmanias’ service enables users to aggregate sports news about only the teams and reporters that they want to hear about as well as tweets and Facebook status updates from their favorite players and coaches. The startup closed $1 million in funding today led by MasTec. Sportsmanias also released new mobile apps for iOS and Android, which are available today for free.

Kiip gets funding from AmEx

Kiip has made a name for itself by offering real-world rewards in games and expanding that business to all mobile apps. In recognition of that innovation, the company is announcing today that it has received an unspecified investment from American Express. American Express Ventures is investing in the San Francisco company at a time when Kiip is moving beyond games to rewarding special “moments” that arise in a variety of apps. In games, those moments are when players achieve high scores or complete levels. “Every once in a while, you come across partnerships and collaboration opportunities that just make sense,” said Brian Wong, chief executive of Kiip. Read the full story on VentureBeat.

Additional reporting by Tom Cheredar and Rebecca Grant.

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