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To accomodate the onslaught of funding news, I published the first edition of Funding Daily earlier today in the form of a “morning cocktail.” Now, at its usual hour, here is the updated edition with the full scope of investment news. 11 doses of venture capital fun. Don’t go too crazy, it is important to save energy for Halloween.
Investment rains down on South African e-commerce site Zando
South African company Zando is soaking up an investment of €20 million for its fashion e-commerce site. Zando launched in January of 2012 as a footwear merchant, much along the lines of Zappos. It offers free shipping and free returns, and has now expanded the inventory to include clothing, accessories, beauty projects, and sporting goods. This round was led by Summit Partners, with participation from J.P. Morgan. Read more on VentureBeat.
ItsOn gets $15.5M from Andreessen Horowitz to empower mobile data customers
Super stealthy mobile services startup ItsOn says it’s going to change the way mobile subscribers use data. The company plans to offer wireless customers real-time visibility and control over their voice, text, and data services. This is a big deal for any major carrier, because giving consumers more control could mean getting more of them to sign up for more extensive data plans. The company is getting a $15.5 million funding round from Andreessen Horowitz, SV Angel, and an investor group led by Jim Davidson. Read more on VentureBeat.
QuantiaMD lands $12M for its doctors-only social network
QuantiaMD, the website and mobile app for doctors to brainstorm and collaborate on tricky cases, has raised $12 million in venture capital funding. The Waltham, MA. based health IT startup will use its funding to engage more physicians, and add them to the growing network. The funding round was led by existing investor, Fuse Capital. Read more on VentureBeat. Read more on VentureBeat.
Pentaho shifts focus from business intelligence to “big data”, nabs $23M
For Pentaho, the startup that claims to be the first business intelligence (BI) provider to shift its focus to “big data”, the bet is paying off. The Orlando, Fl. based startup has secured $23 million in third-round funding, bringing its total funds to $55 million. The round was led by New Enterprise Investors with participation from existing investors Benchmark Capital, Index Ventures and DAG Ventures. Read more on VentureBeat.
Conductor lights up with $20M to drive natural search
Conductor has raised $20 million in its third found of funding for its enterprise-level SEO platform, Conductor Searchlight. The technology helps organizations optimize their natural search programs. Marketing teams can use it to manage data points like keywords, competitive analysis, social signals, universal search and workflow, and develop more effective marketing strategies.
Conductor Searchlight is built with open-source technology which allows the company to scale and iterate quickly. More than 100 of the Fortune 500 companies use Conductor Searchlight, including GE, BestBuy, AT&T, Amtrak, Capital One, FedEx, and Siemens, and revenue is growing fast. The investment was led by Investor Growth Capital, with participation from existing investors FirstMark Capital and Matrix Partners. This brings Conductor’s total investment to $33.5 million.
Yotpo brings user-generated reviews to any website that wants them
Product review platform Yotpo has raised $1.5 million in funding. The Israeli startup powers social review capabilities (like on Yelp or Amazon) for e-commerce sites. Over 2,000 sites use the technology, which gives shoppers the ability to read and write reviews. Yotpo also provides data analytics and reporting services for online merchants. The investment was led by Rhodium and Gandyr Group, with participation from Zohar Gilon, Tron Capital, and current investors Plus Ventures and 2bAngels.
Danger!! High Voltage! Heat.ma knows what happens when we touch…iPhones
Touch is one of my top five favorite senses. Without it, we wouldn’t understand the furry softness of a poodle, the luxuriousness or silk sheets, or the interaction users have with the screens on their iPhones. Heat.ma offers a touch-based data analytics service that tells developers how users are interacting with the app, beyond actions and clicks. The software can reveal where people touch first, what functions are never used, and give designers a deeper glimpse into the quality of the user interface. Heat.ma emerged out of stealth mode today and announced $400K in seed funding to move the service beyond beta testing. So far, 100 apps are using the framework. The company is based in Warsaw, Poland.
MobiPlex swings away with $3.1M in funding
Countless deals have been struck on the golf course and it can be important for business to have a strong swing. Mobiplex, a startup that specializes in sports performance technology, has putted $3.1 million into its tin cup to accelerate sales and product development of the SwingTIP product suite. The SwingTIP Golf Swing Analyzer is a Bluetooth-enabled motion sensor that clips onto a golf club. It captures, analyzes, and reproduces a golf swing in three dimensions, and sends the data to the golfers’ phones so they can improve their swing. This first round of funding came from a group of private investors, Mobiplex is based in Santa Clara, California.
SmartAsset takes money to help others manage theirs
Financial decision-making platform SmartAsset closed $1.5 million in new funding, following the startups presentation at Y Combinator’s demo day in August. When they arrive on the site, users answer a series of questions about their goals, income, deductions etc… and the technology generates a personalized report on what is financially feasible. The lead investors are Javelin Venture Partners and North Bridge Venture Partners and brings SmartAsset’s total raise to $2.4 million. Read more on VentureBeat.
Mobile customer service “desk” Helpshift ramps up with $3.2M
A strong mobile presence is necessary for many businesses today to stay in touch with customers, but presence alone is not enough. Helpshift offers software-as-a-service that companies can use to manage their customer service needs on mobile. The solution sends in-app customer service inquiries directly to a representative who can address them from the Helpshift dashboard. True Ventures and Nexus Venture Partners invested in a seed round of $3.2 million.
fanatix carves safe digital space for sports fans to feed their obsessions
Sports fans can be, well, fanatics. Now, they have a dedicated social network where they can unleash their excitement through their iPhones. fanatix launched in the US today, after surpassing the 250,000 download mark in overseas markets. The free iOS app provides sports fans with a personalize feed of sports content, including news update, tweets, videos, live scores, and statistics, as well as sharing abilities and group chats. It has also netted $1 million in finding from angel investors, bringing its total to $2 million.
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