September 2, 2015
In today’s Tech.Co deals roundup, we’ve got some funding news impacted by yesterday’s announcement of the 1776 Seed Fund. Other things you may have missed in the news: Facebook is apparently going to spend $200 million to expand its data facility in Oregon (the first of five built by the company). And Nick Bilton wrote a great piece in Vanity Fair exploring one of today’s most important questions: Is Silicon Valley back in another bubble?
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Aquicore Raises $3.1M Seed Round from 1776 Seed Fund
Aquicore – a Washington, D.C.-based company that offers an analytics platform for energy efficiency management – announced earlier today that it has raised a $3.1 million seed round led by the 1776 Seed Fund. The new funds will be used towards expansion into other markets outside D.C. The company raised $3.3 million this past July and brought on a new CMO late last month.
DecisionSim Brings in $1.85M in Series A Funding
The healthcare simulation startup DecisionSim, Inc. announced today that it has raised $1.85 million in a Series A round of funding. Rittenhouse Ventures contributed $1.5 million, while the remaining $350,000 has been secured from the Ben Franklin Technology Partners of Southeastern Pennsylvania. The new funding will be used towards doubling its staff in the next six months.
Seattle’s Area360 Raises $3.5M Series A Round
Area360, a Seattle, WA-based mobile location technology platform used in places like airports and museums, announced this morning that it has raised $3.5 million in a Series A round of funding. The round was led by Madrona Venture Group and brings the company’s overall funding to $3.9 million. With the new financing, Area360 hopes to further develop its software, hire more employees, and expand into other verticals like healthcare.
Content Marketing Platform NewsCred Raises $42M
The New York, NY-based content marketing platform NewsCred announced today that it as raised a $42 million round of funding led by FTV Capital. This new round also includes participation from past backers, including FirstMark Capital, InterWest Partners, and Mayfield Fund. The company has altogether raised $88.8 million; this new financing will be used towards doubling NewsCred’s sales team and further development of its platform.
Let us know if we missed anything on today’s Tech.Co deals roundup by emailing us at [email protected]
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