The summer is over as day-fog rolls in over San Francisco’s financial district.
But while the fog might signal colder months, it also indicates a new season of investing — August is officially over. We saw some huge multimillion dollar rounds today, including $100 million for Jawbone.
But while we definitely think you should read the excellent funding story below, this awesome video of the fog rolling over one of tech’s main hubs is totally worth watching.
Slammed by product demand, Jawbone gets another $100M
Jawbone, it seems, is a victim of its own success. The hardware maker, which recently upgraded its Jambox wireless speaker, has seen considerable demand for its devices — so much that it hasn’t been able to scale its operations fast enough to meet that demand. The solution? Raise more money. Fortune‘s Dan Primack reports that Jawbone has taken on over $100 million in new financing. Because it’s a lot quicker to borrow money than raise it through equity financing, the bulk — $93 million — comes via debt funding. The rest of the new money comes via a smaller $20 million equity round led by existing Jawbone investors like Andreessen Horowitz, Kleiner Perkins, Khosla Ventures, and Sequoia Capita. Read the full story on VentureBeat.
Online media company Maker Studios raises another $26M
Online media production company Maker Studios has just secured another $26 million in funding, the company announced today. Maker Studios gained popularity by producing content that was wildly popular on YouTube. It currently has more than 4 billion views online per month and 260 million subscribers on over 60,000 channels. The new investment is part of Maker’s third round of funding and included participation by Canal +, Astro, SingTel Innov8, Lakestar, Northgate Capital and existing investor Upfront Ventures. Read the full story on VentureBeat.
Matterport sees the world through 3D images with $10M
Matterport believes the world will one day be surrounded by 3D sensors in your camera, mobile devices, and more. The company is building a 3D imaging technology that will make it easier to edit and share these photos — a product that is still in testing. The copmany received $10 million in its first round of funding today. The funding comes from Lux Capital, Felicis Ventures, Greylock Partners, Navitas Capital, Qualcomm Ventures, Red Swan Ventures, and Rothenberg Ventures. Angel investors were also involved in the round.
Insightly gets $10M
CRM service Insightly has taken a $10 million round of funding, bringing its total raised to date to a respectable $13 million. For this round, Cloud Apps Management founder Matt Holleran led with participation form Emergence Capital Partners, Sozo Ventures, and TrueBridge Capital Partners. The company’s primary application hooks into your e-mail, calendars, address book, and other software to create a small-business-friendly CRM system. The new money will be used to market and expand into new locations.
Salsify raises $8M to help e-retailers control data about their products
Salsify has raised $8 million for its cloud-based solution that helps businesses manage the content about their products. Salsify’s tools helps manufactures, distributors, and retailers input the data and track it as the product circulates around the Web. It includes tools for collaborative workflow across multiple organizations, so retailers “downstream” can also make edits. Matrix Partners and North Bridge Venture Partners led this first round of funding. Salsify is based in Boston. Read the full story on VentureBeat.
NewsWhip gets $1.1 million seed round to help you find breaking news
NewsWhip, whose news-finding dashboard “Spike” helps journalists identify news stories breaking on social networks, has raised a $1.1 million seed round. The Dublin, Ireland-based company will be using the money to open a New York office, to reach new clients, and to upgrade its website and Android and iPhone apps. The company tracks news stories along with hundreds of data points on how those stories are being shared online, enabling it to “map the genome of social distribution,” it says. The investors include Hal Philipp of Meridian Growth Capital, Shane Naughton of Inundata, AIB Seed Capital Fund (managed by Dublin BIC), Enterprise Ireland, and angel investor and entrepreneur Hannes Smarason, the former CEO of Icelandair and CBO of deCODE. Read the full story on VentureBeat.
HourlyNerd gets $750K to help MBA students and small businesses work together
HourlyNerd helps students and recent MBA graduates find part-time work with small to medium-sized businesses. It has built a marketplace where these businesses can seek out talented young professionals who are still relatively affordable. The company, which is based in Boston, recieved $750,000 in seed funding, led by Mark Cuban who put in $450,000. Other investors include Accanto Partners and Connect Ventures.
Joota grabs $700K for its content-focused social network
Joota wants to make social networks all about the content — you build the social network you want around what entertains you. The network contects people through that content and reduce “information overload.” The Kuala Lumpur-based company received $700,000 in funding today from Interactive E Solutions JLT of Dubai and an unnamed angel investor.
Jawbone has developed products and services for the mobile lifestyle unparalleled in their innovation, ease-of-use and sophistication of design. The company is the creator of several wireless products including the award-winning and be... read more »
Powered by VBProfiles
Sign up for Funding Daily: Get the latest funding news in your inbox every weekday.