Today’s funding round-up is a holiday party mix of companies. There is a parking startup, a big data for payments platform, a mobile posture coach, and more. Salty, sweet, boozy, bitter-whatever your taste buds like, Funding Daily has a little something for everyone.
Cut down on parking rage with ParkWhiz, reserve spots in advance
ParkWhiz tackles this problem by allowing drivers to find and reserve parking spots in advance. This Chicago-based startup has raised $2 million in its first round of institutional funding from Hyde Park Venture Partners, Hyde Park Angels, Amicus Capital and big name angel investors Alexis Ohanian and Garry Tan. ParkWhiz is active in Chicago, San Francisco, New York, Baltimore, and New Orleans, as well as over 100 airports and popular sporting destinations such Boston’s Fenway Park and the Dallas Cowboys Stadium. This investment will be used to expand its presence into more locations across the nation. Read more on VentureBeat.
Fab expands Indian ties with new funding deal from Times of India
Design e-commerce site Fab.com is blowing up the web with holiday sales numbers, but yesterday it announced a new kind of money: more funding. And it’s the kind of funding that will help Fab continue its not-so-slow march toward a global takeover. The seven-figure deal comes from Times of India Group’s digital arm, Times Internet. The Times of India itself is an English-language daily that boasts the largest circulation of all English-language newspapers around the globe. To date, Fab has raised $150 million from investors far and wide. Although Goldberg revealed the operation was profitable mere weeks into its operations, the funding has allowed the wee startup to rapidly expand, including acquisitions and new operations in Europe. Read more on VentureBeat.
Signifyd combats cyber with its team of fraud prevention experts
Signifyd helps businesses take on cyber criminals by simplifying fraud and abuse investigations. Many small businesses do not have the tools, resources, or expertise they need to combat fraud. Signifyd uses social data to interpret a users’ digital footprint and “bridge the gap” between online and offline identities. The product is still in private beta, so not much is known beyond the founding teams collective experience at PayPal, Fraud Sciences, Fedex, and JPMorgan Chase. This early round is coming in at $2.18 million, although the goal is $2.575 million. Read the filing.
ERN gets money to analyze data about money
UK-based data startup ERN closed a $2 million round of investment. It will use the money to continue developing its platform that helps banks, merchants, and any other payment processor analyze transactions on a large scale and glean actionable insights from this data. ERN says the technology can process 100K transactions per second. Businesses can use this information to gain insight into consumer behavior and consumers can track all their expenditures through a mobile app. The investors were not disclosed.
LUMO BodyTech takes new investment to improve your health
Your mother always told you to sit up straight, and since launching in 2011, LUMOback has told you how. Now the company behind this popular app has received $5 million in new funding, led by Madrona Venture Group, with participation from Innovation Endeavors. LUMOback is the flagship product. It is an automated posture coach that gives you feedback and advice based on data collected from a small smartphone sensor. The founding team presented at DEMO in 2011 and initiated a Kickstarter campaign that achieved more than double its $100K goal. Read the press release.
Stevie turns your social network into a TV show
Stevie– the company, not your little cousin- has raised a $1.5 million in its first round of funding. The startup turns your Facebook and Twitter content into a TV-like broadcast by running videos, status updates, tweets, events etc.. through The Stevie Factor, otherwise known as a collection of algorithims. Stevie presented earlier this year at TechCrunch Disrupt and is also introducing its iPhone app today, along with the funding announcement. The investment was led by Horizons Ventures.