Investments, Startups

Funding Roundup: SkyGiraffe Raises $3M; CoVenture Secures $3M and More

SkyGiraffe Raises $3M Led By Trilogy Equity Partners

Image Source: SkyGiraffe

Image Source: SkyGiraffe

California-based SkyGiraffe, a startup that helps companies build and deploy apps, has raised a $3 million Series A round of funding, led by Trilogy Equity Partners with participation from 500 Startups.

As per a TechCrunch report, Trilogy picked a board seat as part of the deal. In mid-2013, the firm had secured $1.5 million. Including this round, the company had received a total capital of $4.5 million, till date.

SkyGiraffe focuses on “code-free custom mobile apps” simply meaning that any company with data can build applications for its employees without the need for an extensive, and expensive, development staff. Founded in 2012, the company’s platform mobilizes back-end data to enable enterprise employees to read and write from Line of Business Applications natively on iOS, Android, and Windows.

CoVenture Secures $3M For Building Software For Startups

Image Source: CoVenture

Image Source: CoVenture

A service-focused firm CoVenture has raised $3 million from  57 investors, including Bob Adelson of Osage Partners, Gerson Lehrman Group, and Great Oaks Venture Capital. The money will go into operations, and also a little will be invested of it to give companies a “bridge” while they raise other funding.

CoVenture invests in early stage startups and builds software in exchange for equity. It has invested in 15 companies so far including Enriched Schools(temporary staffing for schools), Bib + Tuck (secondhand fashion), and FireStop(dispatching software for fire stations); also plans to invest in another 22 companies over the next two years.

K2 Gets Over $100 million from Francisco Partners in a Series C Round

Image Source:

Image Source:

K2, a company that builds business apps has raised $100 million in Series C round from Francisco Partners, a global private equity firm focused on the technology sector. The funding will enable K2 to further its vision of empowering its customers to optimize their business processes and seamlessly build and run their own business applications on premises and in the cloud.  The transaction is expected to close during the first quarter of 2015.

Bellevue, Washington-headquartered, K2 was founded by CEO Adriaan van Wyk and SVP of Product Development Olaf Wagner, supports over one and a half million users across 1,400 customers in 80 countries. K2’s growing customer list includes Fortune 500 companies Shell, Kimberly Clark, PPG, and Microsoft.

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