Startups and ideas that raised funding in the past week

Week after week we are trying to bring in as many startups possible that attracted the VC’s attention and raised a significant amount from them. This week (Nov.10 – Nov.16) majority of the funding took place in a range below USD 3 Mn, except, a business payments network which attracted a whopping amount of USD 38 Mn.

Here is a brief overview of all the fundings which made a mark this week.


It has recently raised USD 4.5 Mn from North Atlantic Capital, Appia is the leading mobile user acquisition network, delivering more than 60 million mobile app downloads to over 1 billion users across more than 200 countries. The startup was launched in 2008, and has raised USD 34.8 Mn till now.

The Business Payments Network provides SMBs with simple online bill payment, custom invoicing services, unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. The company has recently raised USD 38 Mn in funding led by Scale Venture Partners and few more investors.


Launched in 2011, Bitcasa allows users to store, access, and share everything they’ve ever owned – every picture, every movie, every document, every song – without limits and without the worry of running out of space. This California based startup has just raised USD 11 Mn in financing.

Singapore based Carousell has recently been funded by Rakuten with USD 1 Mn, others who participated in this seed round include Golden Gate Ventures, 500 Startups, Danny Oei Wirianto and Darius Cheung. Its  iPhone & Android app makes selling as easy as taking a photo with its 30 seconds Snap-List-Sell simplicity.


It has closed a USD 20 Mn funding round led by Susquehanna Growth Equity Trinity Ventures and Noro-Moseley, taking total funds raised by it to USD 36 Mn. It was founded in 2007, its platform delivers video libraries to traditional TV systems and new also provides multiscreen experiences.


Founded in 2010, with offices in Seattle and San Francisco, CreativeLive is a live online worldwide creative classroom offering free education in photography, filmmaking, web design, etc. It has recently raised USD 21.5 Mn in Series B round led by The Social+Capital Partnership, Greylock Partners, and others.


It has received USD 40 Mn from Revolution Growth fund. CustomInk was founded in 2000, web-based, market-leading custom t-shirt company for groups and occasions. It enables people to design and order custom t-shirts and accessories for their clubs, companies, charities, family reunions, and more.


DesignCrowd is an online marketplace providing logo, website, print and graphic design services by providing access to freelance graphic designers and design studios around the world. It has recently been funded by Starfish Ventures with USD 3 Mn taking total funds raised by it to USD 6.3 Mn.


This Czech startup has recently nabbed USD 800k in a seed round led by Index Ventures and Credo Ventures, few other investors also participated in the round. Stated in 2012, Futurelytics is a big data analytics startup, it’s analytical platform provides an overall insight into existing customers, discovers behavioral patterns and predicts and improves marketing campaigns.


Located in San Francisco and New York City, Greenhouse is recruiting software that helps companies find better candidates, conduct more effective interviews, and track their entire hiring process to make it smoother, faster, and more effective. The startup has recently closed USD 2.7 Mn in funding led by The Social+Capital Partnership and, with participation from Nick Ganju (ZocDoc), Seth Goldstein (DJZ and, Bill Lohse (Pinterest) and a few other investors.

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Founded in 2012, itBit has recently raised USD 3.25 Mn in a funding round led by Canaan Partners, RRE Ventures, Liberty City Ventures, and few angel investors. Its a leading Bitcoin provider in system security, market making and data keeping and is the first trading platform to introduce infrastructure and expertise of a global financial exchange.


Finland based Jongla is free instant messaging app aimed at the youth market available for  iOS, Android, Windows Phone, and HTML5. The company has recently raised USD €3.9 Mn in a funding round led by Mikko Rinta-Jouppi (Entrepreneur & Investor), Matti Kallio (Commercial Counselor), Bengt Westerholm (Entrepreneur & Investor)  and a few others.


Its a edtech company focused on early learning, and has  raised USD 10.1 Mn round of Series B financing led by Formation 8, along with significant participation by Menlo Ventures, Stanford-StartXFund, NewSchools Venture Fund and Prana Studios. Kidaptive provides entertaining and adaptive content that helps preschool children and their parents learn.


It provides users a platform to express their opinions/thoughts in front of all those who care about the topic in discussion, it allows users to create an identity based on their interests & opinions (aka knotches) and to connect with like-minded people from outside of their social graph. Knotch is based out in California and its has raised USD 1.5 Mn in funding led by Michael and Xochi Birch (founders of Bebo) led the round with participation of Stan Chudnovsky and James Currier, Lars Rasmussen (founder of Google Maps), Ed Baker (Head of Growth at Uber), Avie Tevanian (former Apple CTO), Greylock, Lightspeed Ventures and Interwest also participated in the round, together with Stanford University through the Stanford – StartX Fund. The startup was launched in 2012.


Its a yet to be launched startup, and has raised USD 2.25 Mn seed round last month. It will be  a mobile app to discover and share personalities with friends.


It has raised USD 14 Mn in Series A funding round led by Google Ventures. The California based startup financial innovation startup.

MAG Interactive

Nokia Growth Partners has recently invested USD 6 Mn in the company alongwith another private investor. Based in Sweden, it started app development for third parties since the day Apple’s App Store opened, later it became a third party developer for other companies in 2011 and it launched its first game, Ruzzle, in March 2012.


Its a Japan based mobile financial  technology startup, launched in April this year. It has just raised USD 1.6 Mn seed round led by DG Incubation Inc., former senior   executives from PayPal, MasterCard, and Morgan Stanley.  It provides users with an on-demand access to their Japanese bank, credit card and digital money account data. Moneytree is currently available in Japanese and English on iOS platform, and will be expanding across platforms, and global markets in 2014. It provides users with an on-demand access to their Japanese bank, credit card and digital money account data. Moneytree is currently available in Japanese and English on iOS platform, and will be expanding across platforms, and global markets in 2014.

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Just out of the stealth mode, and founded in December 2012, Mustbin app guides users through capturing and organizing both physical and digital information in secure “bins” that can be shared privately with family, friends or advisors. The Boston based startup has recently raised USD 4.5  Mn in Series A funding.


Austin based content advertising company, OneSpot has recently announced its Series A financing led by Mohr Davidow Ventures. OneSpot marries content marketing with the power, data intelligence, and scale of online advertising.


With offices in California and Canada, Passwordbox has built a free service to store, retrieve and share passwords anytime, anywhere, on any device. It has raised USD 6 Mn in Series A funding led by angel investors Mark Britto, CEO of m-payments company BOKU; Lee Linden, Head of Facebook eCommerce, and a few  others.


Its an iOS app, though is soon going to launch on Android too. It has raised USD 3 Mn in angel funding led by Samih Toukan and Hussam Khoury, founders of Maktoob and Cross Creek Pictures founding partner Tommy Thompson (who produced “Black Swan”).  Qloo is an inspiration engine, it suggests new things to do, watch, eat, wear or listen to, all based on personal taste. It was launched in 2011.


Based out in Seattle, Redfin is a technology-powered real estate brokerage, it has raised USD 50 Mn led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates, Inc.,. Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, etc also participated in the round.


Product of P2S Media Group Inc., which was founded in 2010, Scoopshot connects mobile and professional photographers with individuals, international media companies and brands around the world. Scoopshot is based out in Finland and has raised USD 3.9 Mn in Series A round of funding led by Conor Venture Partners with existing round investors participating.


Its an open platform for the Internet of Things, and has raised USD 12.5 Mn in a Series A round of funding from Greylock Partners and Highland Capital Partners. It allows customers to install connected devices and control them through a single mobile app that makes their homes smarter, more reactive and more enjoyable.


Sumpto measures the social influence of college students and has raised USD 350K in seed funding. Sumpto was launched in 2012 and is based out in San Francisco.


Its a San Francisco based mobile gaming powerhouse responsible for app store chart-toppers like Tiny Monsters, Tiny Village and Tiny Zoo Friends. Recently announced USD 20 Mn in funding led by Pinnacle Ventures and Andreessen Horowitz.

Its a audience development platform for content marketing, recently it had announced a USD 1 Mn seed round led by LiveOak Venture Partners, FLOODGATE, and a number of angel investors. It helps brands build a highly-engaged, precision-targeted audience, while also helping bloggers build influence and monetize their top content.

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