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Today’s funding deals:
Green Charge Networks gets $56M
From the press release: “Green Charge Networks, a leader in intelligent energy storage, and K Road DG, announced the closing of a $56 million capital infusion. K Road DG is providing funding and strategic management assistance to Green Charge to accelerate deployment of the proprietary GreenStationT under Green Charge’s Power Efficiency AgreementSM (PEA). The $56M round is the largest amount of capital raised by any company in the intelligent energy storage space, thus securing Green Charge Networks’ leadership position in this evolving sector.”
Read more in the press release.
Mortgage lending is still quite broken, and the crisis of the mid-to-late 2000s only made lenders even more fearful of getting tangled up with unreliable borrowers. But one company, Privlo, is not convinced traditional mortgages lenders are catching all good loan candidates, so with a fresh $3.8 million in seed funding in tow, it’s setting out to build an alternative mortgage lending company.
Read more on VentureBeat: ‘Uber’ of mortgage lending picks up $3.8M
After releasing their first game under a new startup, some former Zynga developers have secured funding to fund some of their future plans. JuiceBox Games revealed today that it raised $2.5 million in seed funding. Investment group Initial Capital led the funding round with additional participation from General Catalyst, Index Ventures, and Maveron as well as individuals including former EA chief executive John Riccitiello and Zynga co-founder Scott Dale.
Read more on VentureBeat: Former Zynga developers secure $2.5M in seed funding for startup JuiceBox Games
Geekatoo grabs $1.7M
Geekatoo, a company that wants to help people get their electronics repaired, just nabbed $1.7 million in funding from DeNA, WeFunder, 500 Startups, Eric Ries, and others. The company provides a marketplace where electronics repair pros and people in need of their services can get matched up efficiently. Geekatoo currently has more than 4,900 “geeks” being booked for services on its platform, and does $7,000-$8,000 in business every day, up from only $1,000 back in November. The company will expand to Japan by the end of August, and to Canada by the end of the year. Geekatoo is based in Mountain View, Calif. and participated in 500 Startups’ Batch 6.
Read more on Geekatoo’s website.
ZipZap raises $1.1M
From the press release: “ZipZap, Inc. (www.zipzapinc.com), the leading global transaction network, today announces its recent funding of $1.1M, which brings the total funding to date to $2.7M. This latest fundraising was led by strategic investors from AngelList Syndicate and 500 Startups with follow on investment from Blumberg Capital. ZipZap will be using the funds to further its vision to be the primary payment network for digital currencies.”
Read more in the press release.
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