Today’s funding deals:
The folks at Vancouver, Canada-based Hootsuite continue to be busy. Today, the social media management provider announced $60 million in new financing, the acquisition of a social telephony company, and the addition of voice to its platform — plus the CEO is teasing more advertising tools. Venture Partners, Accel Partners, OMERS Ventures, and Silicon Valley Bank participated in the new round. It closely follows on the heels of $35 million announced earlier this month, and a massive $165 million raise a year ago.
Read more on VentureBeat: Hootsuite grabs $60M, buys social telephony startup Zeetl, & preps new ad tools
San Francisco-based FiveStars has built a platform that integrates with the point of sale systems of small and medium-sized merchants and allows them to offer rewards programs that can compete with those of the big guys.
The company announced it has raised a hefty $26 million round led by Menlo Ventures, with participation from existing investors Lightspeed Venture Partners, DCM, and Rogers Communications.
Read more on VentureBeat: FiveStars raises $26M for small-business loyalty platform
Four months after showing off a $21 million funding round, predictive analytics startup Context Relevant today announced $13.5 million in additional funding, with some big banks jumping in. Bank of America Merrill Lynch, Bloomberg Beta, Goldman Sachs, Formation 8, and New York Life participated in this round. And in the case of Bank of America Merrill Lynch and Goldman Sachs, the participation has strategic meaning: The banks are using the startup’s technology.
Read more on VentureBeat: Banks back Context Relevant in the predictive analytics startup’s $13.5M round
Taulia adds $13M
Taulia, the company that rewards businesses with discounts when they pay their invoices early, has just added $13 million to its last round of funding. The company raised $27 million in a fourth round back in July. Taulia’s software and tools help businesses manage their finances, cash flow, and relationships with their suppliers. The company raised this new funding from BBVA Ventures and EDBI, the investment arm of Singapore’s Economic Development Board. Founded in 2009, Taulia is headquartered in San Francisco.
Read more in the press release.
Lodgeo brings in $3.26M
Lodgeo, a London-based mobile travel startup, has raised £2 million ($3.26 million) to help people find and book hotel rooms. The company’s recently updated iOS app lets people search, compare, and book from over 100 online travel agents, including Booking.com and Expedia, without leaving the app. Booking.com co-founder Marin Muyser is on the company’s board. The company’s press release did not say what the source of the funding is. Lodgeo does not currently offer an Android app but is planning to release one.
Read more on Tech City News.
Application delivery platform startup PowWow has raised a new $2.5 million round of funding today to help businesses work from mobile devices. PowWow’s platform allows enterprise-level clients to translate in-house Windows applications or web apps into iOS apps without lots of legwork. This is actually pretty useful for businesses that haven’t traditionally spent a lot of money keeping up with the latest tech, choosing instead to build their own desktop applications when necessary.
Read more on VentureBeat: App delivery platform PowWow grabs $2.5M
Consumers, health providers, and insurers are just now getting comfortable with the idea that many types of face-to-face doctor visits can be replaced with less expensive virtual visits. A new telemedicine app called Spruce launched today in the App Store, with an Android app coming soon. The app connects users with a board-certified physician for the remote diagnosis and treatment of common medical conditions. Each visit costs $40, the majority of which goes to the physician, Spruce Health CEO Ray Bradford tells VentureBeat.
Read more on VentureBeat: Spruce Health launches virtual doctor app, raises $2M seed round
Rithmio scoops up $650K
Who needs voice controls when you can just use gestures? Rithmio wants to make this happen, and it’s building a platform that learns and recognizes new gestures from motion sensor data. It announced today that it has raised $650,000 from Marcin Kleczynski, Illinois Ventures, Techra Investments, Hyde Park Venture Partners, Serra Ventures, BonaVentura, Fox Ventures, and other angel investors. Its platform integrates with connected devices like wearables, and could be used for fitness tracking, human-computer interaction, gaming, healthcare, and security, among other uses. Rithmio was founded by Adam Tilton and Prashant Mehta at the University of Illinois at Urbana Champaign.
Read more in the press release.
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