Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More
Here are the day’s funding stories:
Affirm raises $45M
Max Levchin put his name on the map by being on PayPal’s cofounding team, and now he’s turning his attention to a new payments company, Affirm. Today, Levchin and Affirm announced that they’ve raised $45 million in funding over the past year, and have already grown to a team of 32, including Palantir cofounder Nathan Gettings. Khosla Ventures, Lightspeed Venture Partners and Nyca Partners participated in this funding round.
Read more on VentureBeat: ‘Affirm’ is PayPal cofounder Max Levchin’s second take on online commerce — and it just raised $45M
Washio gets $10.5
This is just ridiculous. From an email sent to VentureBeat: Washio, the leading app for on-demand dry cleaning and laundry service, today announced the closing of their $10.5 million Series A investment led by Canaan Partners. Existing investors including Pejman Mar Ventures, Yahoo co-founder Jerry Yang, Sherpa Ventures, Ashton Kutcher’s A Grade Investments, Troy Carter, and others also participated in the round.”
Visit the Washio website for more.
Mesosphere takes $10M
Mesosphere, a company aimed at simplifying management of server resources inside data centers, has raised a hefty $10 million round. The investment, led by key Silicon Valley VC firm Andreessen Horowitz, shows the continuing importance of data center technologies, even in a world when many companies are moving to cloud infrastructures that replace or complement their own data centers.
Read more on VentureBeat: Mesosphere gets $10M from Andreessen Horowitz for data center management tools
PicFair raises $520K
Sent via email to VentureBeat: “PicFair is a brand-new stock image service and just raised a seed round of $520,000 from several investors, including Reddit co-founder Alexis Ohanian. Unlike other stock photo services, PicFair aims to pay photographers a large percentage of the fees it collects from customers: 80 percent.”
Visit the PicFair website for more.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.