Investors really seem to be loving cars lately and we’re not just talking Telsas, Porsches, and Ferraris here.
Just last week, investors went crazy on tech-y car service Uber with a huge $258 million round. Today, Local Motion, a company that helps facilitate corporate car sharing through a mobile app, got $12M from some big names.
NoSQL startup Couchbase raises $25M with sales up 400%
Couchbase, a startup selling a NoSQL database, has raised an additional $25 million. Couchbase offers an open source project, which is used by thousands of developers around the world. It isn’t as popular yet as MongoDB or HBase, but its customer base is growing quickly, and the company claims its sales have increased 400 percent year over year. East Coast growth equity firm Adams Street Partners led the round, with participation from existing investors Accel Partners, Mayfield Fund, North Bridge Venture Partners, and Ignition Partners. Read the full story on VentureBeat. Read the full story on VentureBeat.
Big-name investors feed Belly with $12M to grow digital rewards program
Quirky loyalty startup Belly has raised $12 million in the first tranche of its second round of funding. Belly powers a rewards platform for small businesses and a universal loyalty card for consumers — an increasingly popular area for startups to focus on. Shoppers keep Belly cards on their smartphones and scan for points at participating locations. Belly sets up iPad kiosks for its merchants to manage rewards. The company works with 6,000 local merchants around the country. The investors are an impressive list, including New Enterprise Associates, Andreessen Horowitz, DAG Ventures, Lightbank, Cisco Systems, and 7-11′s venture arm, 7-Ventures. (Disclosure: Lightbank is also an investor in VentureBeat.) Read the full story on VentureBeat.
Local Motion raises $6M for corporate car-sharing tech, adds Steve Sinofsky to board
Car-sharing startup Local Motion has raised $6 million led by Andreessen Horowitz and has added Steven Sinofsky to its board. Sinofksy is the former head of Microsoft’s Windows business who announced last week that he had joined Andreessen Horowitz as a partner. Local Motion is his first board partner role. Sinofsky said in a blog post that he was drawn to Local Motion because it is solving major problems of congestion, pollution, and resource consumption. Read the full story on VentureBeat.
Got $1B under management? Trusted Insight is a social network for you
Trusted Insight is bringing together the people who manage a significant portion of the world’s wealth. This online network for limited partners (LPs) today raised some funding of its own. Trusted Insight has over 58,000 members, who constitute one-third of the world’s institutional investors. These LPs come from private equity funds, hedge funds, pension funds, endowments, family offices, real estate funds, banks, insurance companies, foundations, and sovereign wealth funds. On average, they manage more than $5 billion. The platform is more than a social network, however. Investors can monitor their portfolios and seek support with due diligence. Read the full story on VentureBeat.