Here are the day’s funding stories:
Online storage startup Box just raised $150 million from private-equity firm TPG, reports the Wall Street Journal. The investment firm was reportedly in talks with Box in June about potential funding. The funding comes ahead of the company’s initial public offering, which has already been pushed back. Box was slated for its IPO in April, but decided to hold off. This round of funding is much needed — the company spends a lot of money. According to its S-1 filing, it had a net loss of $168 million from the fiscal year that ended on January 31.
Read more on VentureBeat: Cloud storage company Box lands $150M & delays IPO
mBlox borrows $25M, raises $43M
From an email statement sent to VentureBeat: “Horizon Technology Finance Corporation, a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and cleantech industries, today announced it led a $25 million venture loan for mBlox, Inc., the largest global provider of A2P (application-to-person) text messaging. The venture loan was fully funded at closing, with Horizon funding its commitment of $10 million. mBlox will use the funds to support its continued growth.”
From a separate statement on the mBlox website: “mBlox, the largest global provider of application-to-person (A2P) text messaging, today announced the completion of a new capital raise of $43.5 million to fund the continued growth of its global business. … Armentum Partners advised mBlox during this round of financing. Comerica and Horizon Technology Finance Corporation (Nasdaq: HRZN) were among the participants, in addition to some of mBlox’s largest investors including Norwest Venture Partners, Scale Ventures, Avanti, Trident, Stratem and Saints Capital.”
Read more on the mBlox website.
Matterport, a startup that has designed a physical camera for creating three-dimensional models of rooms and a cloud service for storing and sharing models, has raised $16 million in new venture funding. The startup is one of many building technology that could lead to more immersive experiences for a wide range of applications. Amazon has incorporated 3D elements and motion sensing into its new Fire Phone. And Apple bought 3D imaging startup PrimeSense.
Read more on VentureBeat: 3D-sensing camera startup Matterport grabs $16M
It’s official: Keith Rabois’s new startup, Opendoor, has closed its first round of funding with $9.95 million. As VentureBeat first reported, the company quietly filed a legal document in late May, in the process revealing the company’s name and co-founder, Eric Wu. Now the company, which aims to help homeowners sell their houses with “just a few clicks,” is making its existence official. It’s also got a laundry list of big-name Silicon Valley investors.
Read more on VentureBeat: With $10M and a long list of big-name investors, Opendoor is almost open for business
College enrollment and financial aid management tool Regent Education has raised $9 million in its latest round of funding to help colleges handle student enrollment and process the many ways they pay for school. “Increasingly, all types of institutions are turning to non-traditional enrollment models such as non-term, self-paced, and competency-based education to meet students’ changing needs,” Robb Doub, General Partner at New Markets Venture Partners, which has invested in the company, said in a press release. “Regent’s financial aid management system, Regent 8, is the only solution on the market today that can fully support these models.”
Read more on VentureBeat: Regent Education locks in $9M to help students enroll in college
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