We love it when our conferences yield more than just self-serving back-patting. And they do: We hear again and again from attendees about how our events provide valuable, timely information and top-notch networking.
Case in point: At this year’s Mobile Summit, two of our sponsors, ADT and Life360, actually signed the term sheet for a partnership and investment deal at the event. We’ve got the deets on that deal and more in this Friday edition of Funding Daily.
As part of this deal, ADT is leading Life360′s current investment round of $50 million, of which it is contributing $25 million. The deal is also strategic as it will provide a valuable lead-generation source for ADT. The two companies will also work together to develop co-branded mobile security applications.
ADT is a venerable alarm company whose main business is installing home-security systems. Life360 is a startup whose business is helping families and friends keep track of one another through private “circles” that show each member’s whereabouts.
Read the full story on VentureBeat: ADT and Life360 join forces in $50M deal to help families feel safe
Vacation rental-listing website AlwaysOnVacation is raising new money to continue helping folks relax (or attempt to). We spotted a U.S. Securities and Exchange Commission filing from the company that states that it’s seeking to raise $2.6 million dollars in equity funding. According to the document, a sale has not occurred yet.
Read the full story on VentureBeat: This Airbnb clone is sneaking around Silicon Valley for cash
Analytics startup CrowdSystems has raised a fresh $1 million round of funding, the company announced today. The startup said it plans to use the new capital to further develop its retail analytics platform and expand the range of tools it uses to collect data. The new round, CrowdSystems’ first, was led by InVenture Partners.
CrowdSystems’ platform offers retail stores a set of research tools for evaluating the operations of a physical store. The startup collects data by enticing shoppers to sign up via mobile app TopMission and paying them to perform various tasks (rating personnel/employees, providing feedback on advertising, inspecting merchandising displays, etc.).
Read the full story on VentureBeat: СrowdSystems grabs $1M to give retail stores better analytics