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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.
Crosslink Capital has closed fundraising for its seventh venture fund, raising $170 million in capital.
The new fund is somewhat smaller than the firm’s previous funds. Crosslink has a total of $1.6 billion under management, but the previous funds were not as focused on seed-stage and Series A investments.
Some startups pick up a lot of traction without a whole lot of recognition for it. One such startup is Sauce Labs, which accumulated 3,500 customers for its cloud-based website and mobile app testing services. Today the startup is revealing a new $15 million funding round, which should help the growth continue.
Startup ClusterHQ isn’t really concerned with accumulating revenue right now. And yet, investors have just given the startup $12 million.
Picsart, a little-known mobile app — and community — for photo editing and drawing, is catching investors’ attention. Profitable and with 200 million users, Picsart is building a mobile community for creatives, and today it’s announcing that it has raised $10 million in new funding entirely from Sequoia Capital.
This list will be updated with breaking funding news all day. Check back for more.
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