Business

Funding Daily: Tuesday, February 18, 2014

Funding
Image Credit: Grandeduc/Shutterstock

Here are the day’s funding stories:

Mayfield raises $108M fund

Mayfield Fund is bullish on India. Founded in 1969, the global venture-capital firm will soon announce the closing of a $108 million fund focused exclusively on investments in India. It filed paperwork for the fund with the Securities and Exchange Commission today. Mayfield started investing in India in 2006 with a $111 million fund. This $108 million is the second generation of that effort. Read the rest on VentureBeat.

Intacct gets $45M

Intacct, an early pioneer in cloud software, is ready to get the word out about its auditing solution. The company today announced a $45 million funding round, most of which will go toward sales and marketing. “[Chief financial officers] are finally ready to go cloud, but they haven’t heard about Intacct,” said Chelsea Stoner, a new general partner at Battery Ventures, which led the Intacct financing. “[Software-as-a-service] is underpenetrated, and CFOs have been even slower to adopt it, so we think there’s a lot of potential growth in the market.” Read more on VentureBeat.

Socialbakers adds on $26M

After only a few years in the social media-analytics game, Socialbakers is rolling in funding. The company announced today that it has raised an additional $26 million in a third round of funding led by Index Ventures. That brings Socialbaker’s total funding to around $34 million. Read the rest on VentureBeat.

Postmates takes $16M

Same-day delivery service Postmates has raised a $16 million Series B round to launch in new cities. Led by Spark Capital, this new round comes 13 months after the San Francisco-based startup’s $5 million Series A. Get the rest of the story on VentureBeat.

Tictail closes series A round of $8M

Founded in Stockholm, e-commerce platform Tictail has raised $8 million from Thrive Capital and existing investors. With these new funds, the startup plans to expand heavily in North America, starting with an office in New York. Tictail currently hosts 35,000 online stores globally.

Elastica launches with $6.3M

It ain’t easy for an IT manager to remember which cloud applications employees are using and what exactly is ending up in the cloud. And that’s why Elastica today announced $6.3 million from the Mayfield Fund. Elastica says it applies data science to data like web traffic, application programming interface (API) usage, firewalls, and devices. In doing so, it can sense threats coming from certain actions and specific users. Read the rest on VentureBeat.

Zample gets $2M

Sunnyvale, Calif.-based Zample has taken $2 million in seed/angel funding from a group of private investors in Silicon Valley. The startup makes a sort of multimedia version of Shazam that can recognize and identify branded content in music and images “to enable synched advertising experiences.”

InCorta works toward $1M

Startup InCorta has raised $410,000 of a proposed $1 million round, according to regulatory filings with the SEC. The company’s still relatively stealthy, but CEO Osama Elkady previously did mobile development at Oracle. He took with him Oracle development director Hichem Sellami and Klaus Fabian, also a recent Oracle employee.

Loop88 raises $500K

Pinterest ad platform Loop88 has taken a $500,000 round of seed funding. The company connects brands with influential Pinterest users, and those folk get paid to post content from brands such as Whole Foods, Ghirardelli, Home Depot, Yoplait, and Verizon. The startup was founded by Dave Weinberg and Ariel Remer and has offices in New York and Washington, D.C.


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