Web tools developer Automattic, has raised USD 160 million in series C round at a valuation of USD 1.60 million. It aims to accelerate business strategy, expanding its employee base of 240 and increasing marketing. Founded in 2005 by Matt Mullenberg, the company secured a total funding of USD 315.6 million, till date.
California based, software development firm, raised USD 100 million in a fresh round of funding at a valuation of USD 700 million. It will use funds to provide cloud based help-desk services and customer service platform. This platform is used by 40,000 customer accounts in 140 countries to provide support in more than 40 languages. The company plans to go public with total funding amount of USD 185.50 million.
Deal Investors: Undisclosed
Prosper raised USD 70 million in a growth round of funding. The existing investors also participated in the round. Founded in 2006, America based peer to peer lending marketplace is a venture of CEO, Aaron Vermut, Executive Chairman Steve Vermut and President Ron Suber. The raised funds will be used for fueling the growth and accelerating its existing categories. Till date, including this round, the company has secured a total funding of USD 189.90 million.
Launched in 2010 by Dan Siroker and Pete Koomen, website testing company, has raised USD 57 million in series B round. The company aims to utilize the raised funds to increase its annual revenue growth and expanding employee base of 150 to over 250. Till date, the company has secured a total funding of USD 88.20 million including the recent Series A (USD 28 million, April 2013), angel investment (USD 1.20 million, March 2010), seed round (USD 2 million, February 2012) and an undisclosed amount from Y Combinator.
Digital tools maker, Visual Supply Co. (VSCO) has raised USD 40 million in Series A round. This funding will be used to accelerate product development over international distribution infrastructure and grow its market network.
Founded in 2011, VSCO is a venture of CEO Joel Flory and Chief Creative Officer Greg Lutze. Oakland based photo publishing platform, it is known for its ‘CAM app’, launched last year which has approximately 500,000 downloads till date with a 12+ ranking at iTunes.
Smart Sheet, the maker of online work management tool, has raised USD 35 million in a fresh round of funding. Headquartered in Bellevue, WA, it aims to create a collaborative work management tool to manage projects and get work done from any browser. Last year, an undisclosed amount was also invested by Madrona Venture Group, Insight Venture Partners.
Deal Investors: Sutter Hill Venture
Online learning portal, Udemy, raised USD 32 million in series C round. The company aims to utilize the raised funds to provide training solutions to over 2000 companies, pulling more international students in its content library. Till date, including this round, it has raised a total funding of USD 48 million. this includes seed investment (USD1 million, August 2010), Series A (USD 3 million, October 2011) and Series B (USD 12 million, December 2012).
Atlanta based, payment service provider Bit Pay, raised USD 30 million at a valuation of USD 160 million. The funds will be used for expanding business network and increasing growth initiatives. Launched in 2011, BitPay is a venture of Anthony Gallippi and Stephen Pair. It has also launched payment gateway, a powerful API and instant integration into e-commerce web services, plugins for 22 e-commerce solutions. Till date, the company has raised a total funding of USD 32.50 million including recent seed investment (USD 2.50M, 2013).
The online luxury store, Real Real has raised USD 20 million in series C round. The raised funds will be used to increase branding and its business strategy. San francisco based startup was founded by Julie Wainwright. The company has raised a total funding of USD 43 million.
Launched in 2006, mobile application testing company Perfecto, has raised USD 20 million in series D round. The existing investors also participated in the round. The company will use raised funds to access testing solutions for mobile devices. Earlier it has raised USD 28.60 million in three round of funding such as, series A (USD6.60M, mar. 2007), Series B (USD7M, sept. 2009) and Series C (USD15M, oct. 2012).
To contact the author, email at firstname.lastname@example.orgCategory Business Investments