Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Zerto closes a $50M round
Data company Zerto announced today that it closed a $50 million series E round. IVP led the investment, followed by Access Industries via its Israel arm Claltech, 83North, Battery Ventures, and Harmony Partners.
Zerto has raised more than $110 million in financing.
Envelop VR, which is creating virtual reality software for enterprises, has closed its series A round of $5.5 million.
The newest investor in this round is Google Ventures, which recently branded as GV. Envelop VR previously announced the initial investors in the round, which was led by Madrona Venture Group. The deal shows that VR — expected to become a $30 billion market by 2020, according to tech advisor Digi-Capital — continues to be a hot market for investors.
In the ecommerce world, there’s a flurry of activity around startups eager to increase adoption of their services. If Stripe, PayPal, and Shopify have taught us anything, it’s that the best way to get into a company is to show developers ways to integrate technology into their existing infrastructure. One of the latest such services to emerge is Moltin, which just raised $2 million in seed funding to help developers build customizable ecommerce solutions using its API.
Backed by Frontline Ventures, venture capitalist Gil Dibner’s AngelList Syndicate, Y Combinator, and Funders Club, Moltin will be using the investment to establish partnerships with global brands and to further develop its technology. The company already counts over 5,400 developers and agencies using its platform.
Mitu raises $27M from AwesomnessTV, Verizon for its Latino digital media company
Mitu announced today that it has raised a $27 million Series C round of funding, bringing in new investors AwesomenessTV, WPP Digital, and Verizon. The latest investment gives the company capital to further develop its products and technology, while also expanding its content publishing platform and audience data tools. It also plans on launching its influencer marketing platform soon.
Specializing in producing digital content for Latino youth, Mitu has emerged as a popular destination for this demographic. It currently has 2 billion monthly views worldwide and a community of more than 6,000 Latino creators.
“Latinos represent 24 percent of millennials in the U.S. That’s why we think of this demo not as a niche but as a part of the mainstream. Mitu’s content brings a distinct point of view that appeals broadly to young, mobile audiences,” said company chief executive Roy Burstin.
MovieLaLa takes in $1.4M for its movie-centric social network and marketing platform
MovieLaLa has closed up its seed round of funding, bringing in $1.4 million to support its social network and marketing platform for movie distributors. Investors include former News Corp chief executive Jonathan Miller, Walt Disney’s former chief financial officer Jay Rasulo, LucasFilm’s ex-chief operating officer LucasFilm, William Morris Endeavor’s former CEO Jim Wyatt, and other investors.
This list will be updated with breaking funding news all day. Check back for more.
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