Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
In the latest sign that the shift to music streaming is accelerating, India’s Saavn announced today it had raised $100 million and now has 14 million users.
While Saavn is less well-known in the West, it has exploded in popularity by focusing primarily on its home country and the Indian diaspora around the world. Founded in 2007, the company is seeing its growth soar as sales of Android handsets in India increase.
The latest funding is Saavn’s third round, and was led by Tiger Global Management. The company said it would use the money for product development, “aggressive customer acquisition,” and investing in its advertising technology.
SaaS startup Salsify snags $16.6M
Boston-based Salsify, a SaaS startup that says to “power the seamless creation and exchange of rich product content from brands to retailers,” announced yesterday that it raised a $16.6 million series B round.
Venrock, the venture arm of the Rockefeller family, led the round. Matrix Partners, North Bridge, and existing investor Michael Skok followed.
The round brings Salsify’s total investment funds to $24.6 million. The company said it will use the money for product development and corporate growth.
Telepharmacy startup PipelineRx closes round with $9.1M
PipelineRx, a “technology-enabled telepharmacy startup,” announced today that it closed a $9.1 million round led by Mitsui U.S.A. The company said it will use the funds to “strengthen its technology offerings.”
McKesson Ventures and AMN Healthcare followed for the San Francisco-based startup.
ZeroTurnaround raised $5M for its developer tools
ZeroTurnaround, a startup that says to create developer tools for faster softwares, announced today that it closed its series B round with $5 million in its pocket. The round was led by existing investors Bain Capital Ventures and Western Technology Investment.
The company said it will use the investment to “hire exceptional software development talent” and develop ZeroTurnaround’s Products JRebel and XRebel.
ZeroTurnaround has raised $15 million since 2007.
HTML5 game developer Wozlla is announcing today that it has raised $2 million to expand beyond China.
The deal shows that overseas fundings of game companies are still common as the transaction comes just a day after Hong Kong’s Animoca Brands raised $2.3 million in a private placement.
This list will be updated with breaking funding news all day. Check back for more.
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