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Biz Stone’s app Jelly raised its second round of funding today. While the name Jelly refers to jellyfish, it got me thinking about the difference between jelly and jam. I learned that jelly is made with fruit juice, while jam is made with fruit pulp or crushed fruit.
So here is the peanut butter of your funding news, with a dash of Jelly.
Content-marketing startup NewsCred lands $25M
NewsCred has raised a third round of funding at $25 million, the company announced today. NewsCred offers various content services to publishers and marketing clients. This content-marketing startup makes money via its newswire service that syndicates material from over 4,500 top-notch news organizations, a premium freelance-reporting service, and a suite of publishing tools. The company said it plans to use the new capital to expand the business and hire new employees. The round itself was led by InterWest Partners, with participation from existing investors Mayfield Fund, FirstMark Capital, and IA Ventures. Founded in 2008, the New York-based startup has raised a total of $45 million in funding to date. Read more via NewsCred’s press release.
Fitmob’s crazy approach to fitness means the more you workout, the less you pay
Fitmob launched an iOS app today that connects people with convenient and fun group workouts in their city. The most interesting part is that the more you work out, the less you pay. Fitmob also announced today that it is backed by $9.75 million in funding from Mayfield Fund and Silicon Valley Bank. Read more on VentureBeat.
Facebook cofounder leads $5.4M round for online grocer
Online grocery service RedMart has taken a $5.4 million bridge round leading up to a larger Series B. The Singapore-based site, which lets consumers order groceries and schedule deliveries, said via email that its top backer is Eduardo Saverin, one of Facebook’s co-founders. Other investors for this round of funding include existing backers Steve Melhuish and Jani Rautiainen (Property Guru founders), Meng Weng Wong (cofounder of incubator JFDI), Wee Teng Wen (founder of The Lo & Behold Group), and Lion Rock Capital. Read more on VentureBeat.
Mulu scores $3.6M to make the Internet more shoppable
Mulu has raised $3.6 million for its technology that enables on-page commerce. It pulls products from content and creates links to where they are for sale. Brands can also sponsor keywords to their products. John Frankel of ff Venture Capital and angel investor Horton Thornber are listed as directors on the filing.
JumpCloud raises $3 million for automated server-management tool
JumpCloud is the maker of an automated server management tool for DevOps and IT pros. Today, it announced today it the close of $3M Series A round led by investors Foundry Group and Bullet Time Ventures. JumpCloud automates the critical server-lifecycle steps of provisioning, configuration, management, and monitoring and managing cloud, virtual, and onsite servers through software-as-a-service. Read the press release.
Jelly raises mysterious Series B 8 months after mysterious Series A
Twitter cofounder Biz Stone’s startup Jelly has closed its second round of funding. Jelly did not share the amount of the round. This new comes about eight months after Jelly raised its first round of funding, also of an undisclosed amount. Stone kept the app under wraps until earlier this month, when he revealed it was a social app for asking questions to your social network. Greylock Partners joined this second round of funding, with participation from existing investor Spark Capital.