Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.
Teespring raised an impressive amount of money today for its technology that makes it easy to create and sell custom T-shirts. Now I am a big fan of T-shirts, I’ve got a drawer chock full of them. Black scoop necks, grey V-necks, classic white Ts, plus a bevy of band shirts, an old Yankees T my cousin gave me, and (of course) two panda shirts. Yes, T-shirts are a startup staple and without them many an entrepreneur would be sartorially lost.
Let’s take a gander at what other companies raised money today.
Teespring raises $20M for T-shirts (and more)
Teespring has raised $20 million for — get ready — T-shirts. Well for its platform that makes it extremely easy for any individual or organization to create and sell custom T-shirts. The ultimate vision is to extend the platform into other types of e-commerce. The company then went through Y Combinator and said it is growing fast. Andreessen Horowitz led this first round of funding. Read more on VentureBeat.
Twice gets $18.5M to sell your clothes for you
Twice helps people sell their clothes consignment-style through its mobile app. The company received $18.5 million in funding today. Twice invites anyone to send in their old, but still good clothing to be sold through the company’s mobile apps. Andreessen Horowitz led the round with participation from IA Ventures, Felicis Ventures, Lerer Ventures, and Western Technology Investment, all of which were previous investors. Read more on VentureBeat.
Payments startup WePay pockets $15M, kills direct-to-consumer offering
Originally designed to help friends collect money from each other online, WePay is now focused squarely on its payments API, which powers online payments and fraud detection for crowdfunding sites, merchants, and small businesses. Phil Purcell of Continental Investors led the $15 million round. Other investors include Max Levchin, Maynard Webb, Highland Capital Partners, August Capital, and Ignition Partners. WePay has raised $35 million to date. Read more on VentureBeat.
Marketing automation gets hotter with funding for Salesfusion
Salesfusion closed a $8.25 million funding round. The company’s software shows marketers whether people click the links on the emails and social media messages they send and how they check out company websites later. Then marketers can serve more relevant material to interested parties, and they can set rules about which leads can get sent to salespeople. BLH Venture Partners, Hallett Capital, and Noro-Moseley Partners led the round. Read more on VentureBeat.
Evocalize scoops up $3M to make its voice louder
Evocalize released its customer conversation platform today, which uses multiple sources of customer data to help brands have personal conversations with each customer. It also announced securing $3 million in its first round of funding. The company claims its clients have seen up to 68% customer engagement rates and 9% lift in sales conversion. Madrona Venture Group led this round.
Ed-tech startup Tales2Go nabs $750K
Tales2Go, a startup that provides audio books to kids, today received $750,000 in seed funding from Maryland Venture Fund and NewSchools. Tales2Go uses a Netflix-style algorithm to stream audio books from publishers to desktops, laptops and mobile devices in the classroom.
VentureBeat is studying social media marketing
, and we’ll share the data with you.