Here are today’s funding stories:
Mark your calendars: The day has come when some Scandinavian nerds are the cool kids and Dr. Dre is struggling to keep up. Adoption of Dre’s and Jimmy Iovine’s Beats music-streaming service, Beats Music, has disappointed some people inside the company, and it’s now raising more money, according to a report today from Billboard.
Read more on VentureBeat: Beats Music is reportedly raising more money to keep up with Spotify
AdRoll, an ad-retargeting service, just raised a $70 million round of funding that Foundation Capital led to expand its offering on mobile. With clients such as Zendesk and New Relic, AdRoll claims to have surpassed 15,000 users recently with a $150 million-plus revenue run rate.
Read more on VentureBeat: Ad retargeting firm AdRoll takes $70M to ‘double down’ on mobile
As other “stuff in a box” startups have folded, Birchbox has thrived. The New York City startup, which sells $10 boxes of beauty samples to around 800,000 subscribers, has raised $60 million in new funding, reports Fortune. The new funding reportedly brings Birchbox’s valuation to around $485 million.
Read more on VentureBeat: Beauty-in-a-box startup Birchbox pulls in $60M
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