Deals

Funding Daily: April 2, 2014

Here are the day’s funding stories:

Lyft’s latest pickup: $250M

Lyft today announced its fourth institutional funding round. Vroom, vroom. Featuring new investors Coatue, Alibaba, and Third Point, Lyft says it will use its fresh capital to expand in the U.S. and internationally. The service already serves 30 cities since launching less than two years ago. Read more on VentureBeat.

Even millennials need money-management help: Wealthfront raises $35M

Financial technology is hot right now, and automated-investment service Wealthfront is cashing in on that. The company announced today that it has raised $35 million in new funding. Wealthfront plans on using this new cash infusion to “invest in the people and technology required to scale, and by doing so accelerate the pace of new features and services to handle more than a thousand times the assets we manage today,” it said in a blog post. Read more on VentureBeat.

ElasticBox takes in $9M

Developers have to do a lot of work if they want their applications to jump from their own computers into full-bore production. ElasticBox strives to streamline the process, and now the company has picked up some more money. Nexus Venture Partners and Intel Capital are leading today’s $9 million round in ElasticBox. Andreessen Horowitz and Sierra Ventures also participated. <a href=”Developers have to do a lot of work if they want their applications to jump from their own computers into full-bore production. ElasticBox strives to streamline the process, and now the company has picked up some more money. Read more on VentureBeat.

Somo scrapes in $5.5M

It appears that we haven’t tired of “mobile” and “solutions” yet, and neither have investors. Mobile technology and marketing (and “solutions”) shop Somo just brought in $5.5 million in follow-on funding from MMC Ventures’ London Fund and other investors. Read more on VentureBeat.

HubSpot & Twitter execs sink $1.8M into contact management app Triggerfox

Trend alert: Cerulean sweaters are out, and so are calendar apps. This season is all about address book apps! No, really — Toronto-based Triggerfox, a “new mobile address book on steroids,” is announcing the launch of its app and $1.8 million in seed funding from HubSpot co-founder Dharmesh Shah, Twitter-acquired Crashalytics co-founder Wayne Chang, and other investors. Read more on VentureBeat.

Zyante is raising $1.15

According to an SEC filing today, Los Gatos, Calif.-based Zyante is in the middle of a $1.15 million raise. Founders include Smita Bakshi; no other persons were named. The company is currently $870,000 through the debt round. The startup makes interactive, animated learning tools for university-level computer science and engineering students.