August 26, 2015
Today’s funding roundup has some serious talent on the international front in BasharSoft, Velostrata, Docady, and Chic by Choice. The four companies hail from Cairo, Israel, and London, and each has brought in a sizeable amount of funding.
Aside from the international companies though, we have Intercom hauling in a massive bout of funding while FedEx works to build out a new venture fund and a months-old DC company gets bought out. It’s been a pretty exciting day in the funding world so far.
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Intercom Raises $35 Million
Intercom, a San Francisco-based customer communication platform, announced a successful $35 million in Series C funding led by ICONIQ Capital. The investment was joined by return backers The Social+Capital Partnership and Bessemer Venture Partners. To date Intercom has raised $66 million total.
BasharSoft Raises $1.7 Million
BasharSoft is the company behind Cairo, Egypt’s popular online recruiting platform Wuzzuf, and they announced that they’ve raised a $1.7 million Series A funding round. The funds came primarily from the Swedish firm Vostok New Ventures and UK’s Piton Capital.
Velostrata Brings in a $14 Million Investment
Norwest Venture Partners and Greylock IL Partners invested $14 million into Velostrata, an Israeli, early stage cloud startup. The team is looking to expand their office in San Jose with the funds while also focusing their business development, sales, and channel partner development efforts.
Docady Raises $1.5 Million
Another Israeli company, Docady has built an iOS app that lets user store and manage documents. They announced a $1.5 million funding round from investors Pitango Ventures, Disruptive, the venture fund of Tal Barnoach, Eilon Tirosh, and former AOL video executives.
Exits / Acquisitions
Chic by Choice Buys out German Competitor
Coming out of London, Chic by Choice has acquired its German competitor La Remia although the terms of the deal were undisclosed. The founders of La Remia, Anna Mangold and Claudia von Boeselager, will still be affiliated as board members and advisors as Chic by Choice works to disrupt inventory management.
Hortonworks Acquires Young DC Company
FedEx Files SEC Paperwork
An SEC filing shows that FedEx has set aside $150 million for what they’re calling FedEx Alternative Investments. Listed on the filing are Goldman Sachs employees Michael Brandmeyer, Harold Hope, and Christopher Kojima.
Image Credit: Wikimedia Commons
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