Here’s a list of today’s biggest funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Socrata, a startup working to make government data more easily accessible to companies and services, has raised $30 million in new funding. Socrata has raised at least $30 million out of possible $35 million it’s seeking to close, according to a filing it submitted today to the U.S. Securities and Exchange Commission. The filing lists Jai Das of Sapphire Ventures as a director.
Narrative Science takes huge piles of numbers and makes summaries in the form of legible sentences and paragraphs. Until recently, it had focused that skill on generating newspaper articles based solely on box scores. But now it’s entered the stuffy realm of enterprise software, having been integrated with complicated IT architectures at financial services companies and government agencies, chief executive Stuart Frankel tells VentureBeat.
Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million) in new funding from Flint Capital. Cream Finance is the parent company of CreditOn, LendOn, and CreditOne, consumer credit services that operate in Latvia, Czech Republic, Poland, Georgia, and Slovakia. Cream Finance uses data to quickly evaluate, score, and make short-term loans to its customers. It also uses technology to automate as much of its process as possible to speed up its lending to consumers.
AppInTop, a Calif.-based company founded by Russian serial entrepreneur Nikolay Evdokimov, has secured $6 million in a series A round from Moscow-based Runa Capital. The capital injection will be used for marketing and business development. AppInTop develops a mobile marketing platform that helps companies to “eliminate routine in app promotion” and “make life much easier for both indie publishers and large brands.”
Carousell raises $6M
Carousell, a mobile peer-to-peer marketplace focused on the Asian market, has raised $6 million in new funding. Sequoia led the round, with existing investors Rakuten Ventures, Golden Gate Ventures, 500 Startups, and entrepreneur Darius Cheung also participating.
Read more: TechCrunch
This list will be updated with breaking funding news all day. Check back for more.
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