LATEST FUNDING
Shoppable Raises $3.5M In Series A
The Shoppable enables the integration of e-commerce into third party websites, effectively transforming publishers into retailers. The Shoppable platform aggregates products from many retailers into a single database. New York Shoppable founded in 2011, specialized in universal checkout technology and distributed commerce solutions for affiliates and merchants. This is Series A funding for this E-commerce focused startup, previously they raised 1.5M in 2012 as a seed investment. [ Venture Pulse ] [ Tech Crunch ]
Shipt Completes $20 Million Series A Financing Round
Shipt, the nation’s fastest growing online grocery marketplace, today announced that it has secured $20.1 million in Series A funding. Participants in the round included Greycroft Partners, Harbert Growth Partners and e.ventures. [ Yahoo Finance ] [ Tech Crunch ]
Glowforge raises $22 million to popularize its 3-D laser printers, catalog of materials
Of all the ways to make a 3-dimensional object, 3D printing is still the freshest, whether what’s involved is plastic extrusion, milling away wood or metal, or the spinning of cells into functional living tissues. Now, a company that makes a desktop laser cutter and engraver for home or office use, Glowforge, has raised $22 million to start mass production of its devices. The startup also plans to roll out a catalog of materials and premium designs for makers of every stripe, said CEO and founder Dan Shapiro. [ Tech Crunch ] [ The Seattle Times ]
Carousell Lands $35M
Carousell, a really interesting Singapore-based social media-meets-Ebay app, has raised $35M in a Series B round from 4 investors, including Tokyo-based Rakuten Ventures as lead investor and US-based 500 Startups, Golden Gate Ventures and Sequoia Capital. [ Fintek News ]
Norwest leads $4.5M round for Sensay
Los Angeles-based Sensay, a peer-to-peer chat bot platform, has raised $4.5 million in seed funding. Norwest Venture Partners led the round with participation from other investors that included Greycroft Partners, Sweet Capital, NHN and Draper Associates. [ Venture Beat ]
MORE RECENT FUNDING
Distil Networks / $21M / Series C
Washington Business Journal : Local cybersecurity firm raises $21M in Series C funding
Distil Networks / $21M / Series C
CIO Australia : Fintech startup truRating gets $16.5 million boost
LATEST EXITS
IBM Said to Be in Early Talks to Acquire Revel Systems
In a bid to grow its retail sector reach, International Business Machines Corp. is in discussions to acquire Revel Systems Inc., people familiar with the talks said. Conversations are still at an early stage and may first involve trials of Revel’s iPad-based point-of-sale system, which are expected later this year, the people said. Revel and IBM declined to comment. Revel could help fill a void in IBM’s retail services product line. IBM sold its point-of-sale terminal business to Toshiba Tec Corp. for more than $800 million in 2012. Revel is the latest startup to consider a sale amid a tighter funding environment and dropping valuations. [ Bloomberg ]
Tesla-SolarCity Deal Could Distract the Carmaker
Tesla Motors’ deal to buy SolarCity, officially unveiled on Monday, is still perplexing. But at least Tesla’s boss, the electric-car pioneer Elon Musk, is making the best of the terms and process. At $2.6 billion, the price for the solar-panel installer where he is chairman is lower than expected, and the two boards have done the right things. But it still risks distracting Tesla, valued at $35 billion, at a critical time. [ NY Times ]
FUND RAISED
Binary Capital backs runaway trains with $175 million new fund
You’ve built an app and it’s blowing up but you have no clue how to scale or retain users. Who do you call? Binary Capital specializes in businesses with initial traction that need direction. Binary’s founding partners got behind Tinder at 12,000 active users, Snapchat at 120,000, and Instagram at 220,000 users, helping them harness their growth. Following the success of its $125 million fund from 2014, Binary Capital has just closed its $175 million fund two. Here’s how Binary wants to build more bridges between early buzz and enduring success.
CenterOak Partners Hits Hard Cap with $420 Million CenterOak Fund I
CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm focused on making control-oriented investments in middle market companies, today announced the final close of CenterOak Equity Fund I, L.P. (“Fund”), with total commitments at the Fund’s hard cap of $420 million. The significantly oversubscribed fund had an initial target of $350 million. The Fund’s limited partners comprise an array of leading endowments, foundations and other institutional investors.
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Curated by Venture Pulse Team. Find us on : [ Venturepulse.org, CrunchBase, AngelList ]