Deals

Funding Daily: A healthy dose of cash

Health tech

Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


Robots are cool, social networks are neat, and apps are great, but in the end, everyone has their health to look out for — and it seems like investors are starting to notice.

Health companies were our biggest earners today, bringing in $45 million. We also saw cash go to a life-organizing company and another that helps managers sort out employees’ schedules.

For more funding news as it happens, subscribe to our Deals Channel feed. You can also follow VentureBeat on Twitter@venturebeat, to view funding news as it’s published.

Health insurer Oscar nabs $30M to bring practical tech to patients

One only has to look a few months back to the disastrous rollout of HealthCare.gov to get a glimpse at the historically tenuous relationship between health insurance and technology. But Oscar, a new health insurer, aims to buck the trend. Cofounded by venture capitalist Joshua Kushner, Oscar just closed a $30 million funding round, according to the New York Times. A key part of Oscar’s marketing pitch is that technology will make it easier to connect with health care providers. The new funding round was led by the Founders Fund, the Times reports. Thrive Capital (Kushner’s firm), Khosla Ventures, and General Catalyst Partners also participated in the financing, which values the insurer at about $340 million. Read the full story on VentureBeat.

Zephyr Health brings data analytics to life sciences, picks up $15M

Zephyr Health, the latest in a string of companies offering big data analytics to shake up what has been a technology-resistant health care industry, has raised $15 million of venture funding. Kleiner, Perkins, Caufield & Byers and Jafco Ventures led the round. The new money will help Zephyr add to its engineering capabilities and build sales and marketing operations. Read the full story on VentureBeat.

Yotpo helps your business capture the elusive (and powerful) customer review

Online reviews help drive sales, and Yotpo can help you company get more of them. The Israeli company closed $10.7 million in funding for its platform that helps businesses generate reviews for their products. Using Yotpo’s tech, companies can automatically email shoppers after they make a purchase and ask them to write a review right in the email. The “mail after purchase” email is customizable and links back to the shop, prompting consumers to return. Blumberg Capital led this round, with participation from previous investors Rhodiu, Gandyr Group, Oliver Jung, 2B Angels, Magna Capital Partners, Plus Ventures, Zohar Gilon, and others. Read the full story on VentureBeat.

TiE Launchpad closes on seed fund to invest in enterprise startups

TiE Launchpad a closed $4.875 million seed fund to invest in early stage enterprise startups that go through its program. TiE is a community of entrepreneurs, investors, and technology executives that has been around for 20 years. It started taking applications for its new accelerator program in October, and it plans to invest $50,000 in convertible notes, in eight companies per batch. The filing for the fund just went through today.

ThisClicks helps managers schedule hourly shifts, picks up $4M investment

If you’re running a business that employs hourly workers, scheduling their shifts can be a major pain. Most solve that problem with a whiteboard or a weekly schedule taped to the manager’s door and updated with a combination of phone calls, ad-hoc swaps, and notes scribbled in ballpoint pen. ThisClicks Interactive offers a better way: Scheduling through a cloud-based app that integrates web- and phone-based communication. Now, some moneyed individuals appear to agree: E.ventures, Greycroft, and Arthur Ventures have together invested $4 million into ThisClicks in a Series A round. Read the full story on VentureBeat.

Amitree aims to help make big life tasks easier with $2.7M

Amitree creates Closing Time, a product that helps you organize your entire home-buying process, and it got $2.7 million today. Closing Time will help you keep track of all the things you need to take care of before buying a home, such as an inspection, the deposit, and homeowners’ insurance. Investors include Accel Partners, former Yahoo chief executive Jerry Yang, and a number of other investors. Amitree was founded in 2012.

MobStac raises $2M, aiming to expand mobile app development platform

MobStac, a mobile cloud platform provider, announced $2 million in new funding from Cisco and Accel Partners. With offices in Bangalore, India, and Walnut, Calif., the company supports the development of mobile sites for browsers as well as native apps for iOS, Android, and Windows devices. The new funding will help the company bring out more products to support mobile commerce. Read more about MobStac on its website.

Reblog this post [with Zemanta]
More information:

Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for... read more »

Powered by VBProfiles