Deals

Funding Daily: The revenge of the $100M round

Image Credit: Shutterstock

Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


Here are the day’s funding stories:

Youku Tudou gets $1.22B

Chinese video service Youku Tudou has accepted a massive $1.22 billion investment from Alibaba Group, the companies announced today. Alibaba, which is planning an IPO in the near future, is China’s largest ecommerce company, which also competes with Google and PayPal within China. The new investment makes sense as Youku Tudou is easily the country’s biggest video site and can likely offer many future partnerships that are lucrative to both companies.

Read more on VentureBeat: Alibaba makes $1.22B investment in Chinese video site Youku Tudou

New Relic takes $100M

Software analytics company New Relic has raised $100 million in new funding, the company said today. That helps put off a debut on public markets. The money will go toward more product enhancements and more expansion internationally, the company said.

Read more on VentureBeat: New Relic brings in $100M more ahead of IPO

InsideSales gets $100M

InsideSales CEO Dave Elkington can barely contain his excitement. We’re chatting about his company’s $100 million funding round, which InsideSales announced Monday morning, and Elkington is talking with fervor about how he plans to hire hundreds of people, expand internationally, develop new products — all of which should ultimately help salespeople close more deals.

Read more on VentureBeat: InsideSales is using its new $100M to roll out hiring & performance tools

OurCrowd gets $25M

OurCrowd has quickly become a major force in equity crowdfunding. Although it’s a relatively new player on the crowdfunding scene — it officially launched in February 2013 — the Israel-based crowdfunding platform has already helped 36 portfolio companies raise a collective $43 million. Most of that money comes from its crowd of 4,000 accredited investors, although OurCrowd also takes a stake in those companies itself. Now the startup wants to ramp up that growth in Israel and abroad: OurCrowd today announced it has raised $25 million in new funding from former Investec Bank Australia CEO Geoff Levy and other individual investors.

Read more on VentureBeat: OurCrowd’s record-breaking $25M round shows investors are hot on equity crowdfunding

Wanderful gets $14.5M

Wanderful Media, a company that partners with major American newspaper companies to bring online their Sunday circulars — the flyers, deals, and coupons you find inside newspapers — continues to rustle up money. The Los Gatos, Calif., startup said Monday it has raised $14.5 million in additional funding, bringing its total to more than $50 million. This is the fourth round of backing in less than two years.

Read more on VentureBeat: Newspaper deals startup Wanderful gets $14.5M boost, launches Android app