July 29, 2015
Everybody celebrates hump day in their own way, but I think the folks at Twilio will be celebrating with parties – they brought in an astounding amount of funding today. The other companies who made it onto the roundup today will also be celebrating the milestones they’ve hit to date with the amount of funding received. We also saw two new venture funds created today, one of which has already become active with a startup company.
It’s been an exciting morning, to say the least. As always, if you’re interested in having our daily roundup sent directly to your inbox make sure to subscribe here.
Tripping.com Raises $16 Million
The Tripping search engine for long term rental properties today secured a $16 million funding round to strengthen and build their platform further. The Series B was led by Steadfast Venture Capital with participation from 7 Seas Venture Partners, Enspire Capital, and Azure Capital – there were also a number of independent angel investors who got involved.
Twilio Hauls in a Whopping $130 Million
After recording this massive bout in funding, Twilio records their total funding received at roughly $240 million. The cloud based communication service provider said that this new Series E funding round will also give them a net worth of just over $1 billion, officially making it a unicorn startup.
Radius Raises Another $50 Million
According to the team at Radius, they now have as much funding as their three biggest rivals combined. This most recent bout of funding comes just after they hired four high profile executives, and it brings their total funding to over $125 million. Darian Shirazi, the founder, claims that it’s doubled their valuation, which is now between $500 million and $1 billion.
Cylance Raises $42 Million
The VC firm DFJ Growth led the latest funding round for Cylance, which is looking to build out AI based security software. Other investors in the round included KKR, Dell Ventures, CapitalOne Ventures, and TenEleven Ventures. As the team says, their solution uses AI to learn what’s good or bad and to stop attackers in their tracks.
MacroFab Brings in $2 Million from Techstars
The MacroFab electronics manufacturing platform was designed to make it easier, faster, and less expensive to get new electronics manufactured. Today the team announced a $2 million seed round of funding led by Techstars, and the company will use the funds to grow its team and expand the software and manufacturing capabilities of the platform, including turnaround on turnkey prototypes in as little as 24 hours.
Expensify Starts a Venture Arm
Expensify Ventures will make strategic investments in early stage business travel, payments, and finance startups in an effort to tap into some of their advances and help commercialize them. Its first deal is in Arete Insight Inc., doing business as Piper, a startup that plugs its technology into point-of-sale systems so that receipts are automatically uploaded into a user’s app, rather than having to be scanned. Expensify will also be licensing Piper’s technology as part of the deal.
Village Capital Starts New Fund
Village Capital officially announced $13.2 million in commitments to a new fund, VilCap Investments, at the Global Entrepreneurship Summit. Partners and investors include Jean and Steve Case, Sorenson Impact Fund, Chilton Capital Management, and the Kapor Center for Social Impact.
Image Credit: Wikimedia Commons
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