Instacart’s First Acquisition and an EdTech Win for This YC-Backed Startup

August 4, 2015

3:10 pm

Today’s Tech.Co deals roundup features some great funding news for a Chicago health startup, as well as a $10 million deal from a Khosla Ventures-backed company. Some other things you may have missed in the past few days include this great TechCrunch piece that delves into why we raise capital, as well as the reality that Uber could very much be worth more than $50 billion.

Need more funding news? You can get the Tech.Co deals roundup send directly to your inbox by subscribing here.

Funding

Zest Health Raises $6M Series A

Zest Health, a Chicago, IL-based mobile health consumer company, announced today that it has completed its Series A financing with an oversubscribed $6 million. The funding comes from top healthcare and consumer tech investors including 7wire Ventures, Lightbank, Zaffre Investments, Martin Ventures, Dallas Venture Partners, and LSAN/Azimuth Ventures. The company offers a “human-centric” approach to health management, allowing consumers to navigate their health treatment options per their individual benefits, cost profiles, and personal preferences.

Berlin’s Zeotap Raises $6.4M for its Data Platform for Telcos and Marketers

The Berlin, Germany-based Zeotap, a company whose technology provides telcos and marketers with the tools to utilize customer data, announced that it has raised a $6.4 million Series A round of funding from various investors including Capnamic Ventures and Iris Capital. According to TechCrunch, the new capital will enable the company to continue developing its platform, as well as grow its engineering team in India and increase its presence in the United States (including the opening of an NYC office).

Koding Lands $10M from Khosla, 500 Startups

The San Francisco, CA-based Koding, a startup that’s created a Cloud-based integrated development environment where developers can immediately write and debug code, announced today that it has raised a $10 million round of funding. This new round of financing was led by Khosla Ventures with participation from 500 Startups, Matrix Partners, and RTP Ventures.

YC and Google Ventures Backed EdTech Startup Panorama Raises $12M

Panorama Education, the edtech startup backed by the likes of Y Combinator, Google Ventures, and Mark Zuckerberg and Priscilla Chan’s Startup:Education, announced today that it has raised $12 million in new funding. The company provides schools with better insight by surveying students, parents, and teachers to collect actionable data.

Acquisitions

Instacart Acquires NEA-Backed Wedding Party

The on-demand grocery delivery service Instacart announced today that it has acquired the NEA-backed Wedding Party, a platform that allows wedding guests and friends to contribute photos to a Cloud-based album. It’s the first acquisition made by the company, and TechCrunch reports that half of Wedding Party’s employees will be joining Instacart.

Dutch Mobile Marketing Company iQU Acquires TinyLoot, Target Gamers

The Netherlands-based mobile marketing company iQU announced yesterday that it had acquired two other mobile marketing companies, Tiny Loot and Target Gamers. You can read more about it on VentureBeat.

Chinese Travel Company Offered $622M in Acquisition by Tencent Holdings

The Wall Street Journal reports that Tencent Holdings Ltd. is offering to buy the rest of Chinese travel company eLong Inc. for $622 million. Currently, Tencent owns about 15 percent of the company.

Let us know if we missed anything on today’s Tech.Co deals roundup by emailing us at editorial@tech.co.

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.

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