Unlike some Fridays, there were a ton of funding deals today: a huge round for online home-goods retailer Wayfair, $35 million for startup school General Assembly, a $20 million round for Shazam, and more. Check out all the details below.
With a huge $157M round, Wayfair wants to be the Amazon for home goods
Online home-goods retailer Wayfair just announced that it has managed to raise $157 million, even more than we thought it was raising when we reported on the company’s capital raise in January. The new round was led by accounts and funds that T. Rowe Price manages. Mutual funds also participated, along with Wayfair board member Julie M.B. Bradley, the chief financial officer of TripAdvisor. Read the full story on VentureBeat.
Renewal Funds closes $56.8M fund for social venture investments
Vancouver, B.C.-based Renewal Funds has secured $63 million CAD ($56.8 million USD) for its third social ventures investment fund. The social venture firm invests in early-stage businesses in the U.S. and Canada, with a focus on green products, natural foods, and environmental and social innovation. Learn more on Renewal Funds’ website.
Startup school General Assembly raises $35M to power enterprise education
General Assembly, an education firm that offers programming, design, and entrepreneurship courses, just raised $35 million. General Assembly’s fresh round will help the company launch new campuses and strengthen its enterprise offering. The company originally offered both coworking and education services but shuttered the former in October 2013. Read the full story on VentureBeat.
Music identification service Shazam confirms new $20M round & $500M valuation
Handy music- and TV-tagging service Shazam has officially raised a new $20 million funding round from undisclosed investors. This brings its total financing to $92 million. As we previously reported, the company was rumored to be raising this new round, although it declined to comment at the time. Read the full story on VentureBeat.
TVSmiles scores $7M to expand its TV ad loyalty program
TVSmiles, an app that rewards viewers for watching TV ads through its loyalty program, has closed a $7 million funding round. French fund Ventech, a previous investor in the startup, has led the round, with participation from additional investors, including e.ventures, German Startups Group, and Brandenburg Ventures, among others. TVSmiles plans to use the investment to expand internationally this year. Read the full story on VentureBeat.
Knowledge Delivery Systems takes $6M to lift up urban school districts
Knowledge Delivery Systems hauled in a $6 million fourth round of institutional funding Friday, and the online educational provider vowed to use the cash to help improve one large urban school district at a time. KDS’ solutions enable teachers already working within respective school districts to work remotely with educational coaches to improve performance and obtain online certifications and degrees. Read the full story on VentureBeat.
Workable gets $1.5M for its recruiting software
European recruiting player Workable just received $1.5 million to help it make recruiting a smoother ride for everyone involved. Greylock IL led the round, which brings Workable’s total financing to $2.45 million. The company had previously picked up $950,000 in seed funding from Jeremie Openfund II and other investors. Read the full story on VentureBeat.
Shazam Entertainment provides mobile music discovery services. It offers music recognition technology that enables consumers to experience and share music with others across mobile devices a... All Shazam news »
Wayfair.com offers a zillion things home – the largest selection of home furnishings and décor across all styles and price points. With an unparalleled selection of more than seven millio... All Wayfair news »
TVSMILES GmbH offers a mobile application, which connects television, online, and point of sale and thus allows dialog marketing. The company was founded in 2013 and is based in Berlin, Germ... All TVSmiles news »