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Here are the day’s funding stories:
Korean ecommerce firm and former Groupon clone Coupang today announced a $100 million funding round led by Sequoia. Coupang launched in 2010 during the e-coupon and flash-sale gold rush. An early pivot shifted Coupang’s business away from deals toward a traditional e-commerce model, saving the firm from following in Groupon’s footsteps.
Read more on VentureBeat: Korean e-commerce giant Coupang snags $100M round at $1B+ valuation
In a sign of the growing importance of mobile analytics, App Annie has raised another $17 million from its existing investors and is acquiring one of its competitors, Distimo. Both companies provide data on how people are using mobile apps and mobile websites. App Annie has built a strong reputation in the mobile gaming world for providing data on the game apps it tracks, while Distimo has focused more on non-gaming apps.
Read more on VentureBeat: Mobile analytics company App Annie acquires Distimo, raises $17M
ZPower gets $10M
“ZPower today announced it has raised $10 million in additional funding from existing investors, bringing the company’s total to $110 million from investors. The funds will be used to accelerate the adoption of ZPower silver-zinc rechargeable batteries, used by leading hearing aid manufacturers. The batteries were recently launched by Starkey Hearing Technologies for use in the VFusionTM Rechargeable Battery System.”
Read the full press release.
HackerOne raises $9M
“First up, we’re incredibly pleased to welcome Katie Moussouris to the team as our Chief Policy Officer. You may know her from her work at Microsoft and Symantec and with ISO. Katie has dedicated much of her career to the support of security research. She’ll oversee HackerOne’s vulnerability disclosure philosophy and work to further legitimize and promote security research among organizations, policy makers, and legislators. Next, we’ve found a fantastic partner in Benchmark – early backer of Twitter, Uber and Yelp among others – to support us as we take these next steps. Bill Gurley has joined our board to help share his vast experience in empowering communities. Last but not least, John Hering, the founder of Lookout Security, has joined our board. John has been a longtime advocate of security research and shares our passion for enabling that community to flourish.”
Read more on HackerOne’s blog.
DemystData gets $5M
“DemystData, a software provider that harnesses Big Data and predictive analytics to deliver information to financial services clients, has closed USD$5 million in Series A funding from Notion Capital, SingTel Innov8, Arbor Ventures, P2P Equity Partners, and Wonga Founder Errol Damelin. Existing investors in DemystData were Accion Venture Lab and Arbor Ventures. The funding will be used to grow the team and continue global expansion.”
Read the full press release.
Ecwid claims to be the “most popular store-builder app” on Facebook and to have 300,000 active monthly users. Whether that’s true or not, the Southern Californian company did announce today that it has closed $5 million in its second round of funding. Ecwid said it will put its new funds toward its mobile- and social-commerce products, adding more partners to its global distribution network, increasing its sales and marketing teams, and working to integrate the online cart with merchants’ point-of-sale (POS) systems.
Read more on VentuBeat: Ecwid carts in new funding for its e-commerce widget
Message Bus has closed a fresh $4 million round of funding to expand its custom email platform, the startup announced today. Message Bus offers a custom email platform that helps its clients get more engagement from email marketing messages and other customer interactions. Unlike other email marketing services, Message Bus doesn’t rely on ISP whitelists or IP certification but uses real-time analytics and behavioral data to ensure messages get through to (and opened by) recipients. Its clients include About.me, DocuSign, Iterable, LinkedIn, Medium, and MyFitnessPal.
Read more on VentureBeat: Message Bus raises $4M to make sure people open your emails
Askuity closes $1.8M
From an email sent to VentureBeat: “Askuity Inc. today announces the closing of its $1.8 million seed round funding. The company plans to use the funding to accelerate penetration into retail markets with its intelligent cross-retailer analytics platform, which connects retailers and product vendors to enable better collaboration, planning and overall retail execution. Seed round investors include dunnhumby Ventures, the venture investing arm of dunnhumby, the world’s leading customer science company, MaRS Investment Accelerator Fund and a group of angel investors.”
Sure, you can throw a file up to a public cloud and let people download it whenever they want. But companies increasingly seem to think that when sharing files, a cloud isn’t necessary. Investors have thrown $1.8 million behind Infinit, a startup sitting firmly in this camp.
Read more on VentureBeat: Who needs the cloud? Peer-to-peer file sharing startup Infinit raises $1.8M
Mustbin, a Boston-based startup that simply and effectively encrypts SMS and instant messages on your iPhone, just went to the bank with $1.5 million. The haul, Mustbin’s second round, comes on the heels of their inaugural venture financing in December, which netted the startup $4.5 million. Investors in this round included DAG Ventures, General Catalyst Partners, Mohr Davidow, Northgate Capital and others.
Read more on VentureBeat: Mustbin encrypts instant messages, raises $1.5 million
TourRadar takes $500K
From an email sent to VentureBeat: “After the first round of strategic funding, TourRadar now continues its expansion into the $ 200+ billion tour industry, already offering thousands of tours directly bookable on the site. In total over 20,000 group tours can be compared on TourRadar … The recent funding is the second round TourRadar closes, after a strategic Angel Round almost a year ago, where industry veterans Erik Blachford (former Expedia CEO) and Jörg Trouvain (former HolidayCheck CEO & current 7Travel CEO) alongside Superangel Fund SpeedInvest invested. In the current round, that closed in at $500,000 at a $4.5m valuation, SpeedInvest and some existing investors increased their stakes, also welcoming AC & Friends, the fund of two business angels, to the round.”
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