#FundingWire is your quick daily dose of notable investments made in the technology space. The firms covered in this segment include Cuemath, Sequoia, Unitus, Instabug, Accel and Hibob.
Cuemath Raised $4M from Sequoia Capital, Unitus Seed Fund
Education startup Cuemath, run by Cuelearn Pvt Ltd, has raised $4 million from venture capital firm Sequoia Capital India with participation from existing investor Unitus Seed Fund.With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000.
The firm had in August raised an undisclosed amount from Alok Mittal, former managing director of Canaan Partners. Cuemath is one of the many education startups such as Vidyanext, Genius, Flipclass and Vedantu that are using technology to help change after-school tuitions in India. Read More
Instabug Raised $1.7M Seed Round Led By Accel Partners
Instabug has raised $1.7 million in a Seed round led by Accel Partners to expand beyond their original aim of mobile app bug reporting. Other prominent angel investors in the team include Amr Awadallah, co-founder of Cloudera, and Jim Payne, Founder and CEO of MoPub. Instabug intends now to expand its suite of bug reporting tools to create a broader kit supporting mobile apps.
Instabug’s simple SDK emerged in 2013 to allow mobile users to report bugs in apps simple by shaking their phones. Instabug cleverly then automatically attached screenshots, device details and user steps with each bug reported, aiding the developed. There are lots of competitors, too many to name. But Instabug allows developers to see bugs, feedback and crashes all together in one place. Read More
Hibob Raises $7.5M to Help SMEs Manage Their Workforce
Hibob is a new UK based startup building out a cloud platform that helps businesses manage their people. It includes various HR tools, including management of employee perks, staff engagement and reducing churn. Hibob has picked up an impressive $7.5 million investment in a round led by Silicon Valley VC Bessemer Venture Partners.
Hibob aims to improve the workflow of managing and engaging employees, saving hours of administration, such as for ensuring compliance and generating an array of common HR reports. Read More