Tech.Co Deals Roundup: Jack Dorsey Selected as New Twitter CEO

September 30, 2015

3:10 pm

Today’s Tech.Co Deals Roundup is all about funding. Lots and lots of funding. Aside from that, one major news item for today: Jack Dorsey has reportedly been selected by Twitter’s board as the new, permanent CEO of the company. In the past three months, Dorsey has acted as interim CEO of the company while the company has been on the search for a permanent replacement. What does this mean? Well, it means that Dorsey is pulling a Steve Jobs and will run two major companies as CEO – continuing to serve as leader of Square while leading Twitter.

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Funding

Stamford’s Tru Optik Raises $1.7M Seed Round

Tru Optik, a Stamford, CT-based digital media audience intelligence startup that helps brand marketers and agencies gain insight on how to monetize Millennials via media, announced yesterday that it has raised $1.7 million in seed funding. The funding was led by angel investor Alex Blum and Progress Ventures.

PaperG Brings in $5M in New Funding

PaperG, a San Francisco, CA-based company whose platform allows advertisers to create content in different ad formats in a short period of time, announced that it has raised $5 million in new funding. KLP Enterprise, Wavemaker Partners, WI Harper Group, and AppNexus CEO Brian O’ Kelley participated in the round.

Denver’s Ibotta Lands $40M Series C

Ibotta, the Denver, CO-based app developer that allows consumers an alternative way to save money on shopping, announced that it has raised $40 million in a Series C round of funding. The round was led by Silicon Graphics and Netscape founder, Jim Clark, and brings the company’s overall funding to $73 million.

Brooklyn’s Farmigo Raises $16M to Rethink the Way We Buy Food

Today, the Brooklyn, NY-based Farmigo – a company that’s rethinking the way we get our food – announced today that it has raised $16 million in a Series B round led by Formation 8 with participation from current investors Benchmark Capital and Sherbrooke Capital. Last fall, we got to chat with Farmigo CEO and cofounder Benzi Ronen about the company’s plans to help transform NYC into a food startup hub.

Chicago’s Avant Raises $325M and Becomes a Unicorn

Chicago’s Avant, a company that’s trying to disrupt the online consumer lending industry, announced that it has raised$325 million at a valuation in excess of $1 billion. This officially makes the Chicago startup a unicorn. The round was led by the private equity firm General Atlantic and is expected to close by mid-October. You can read more from Fortune.

Let us know if we missed anything on today’s Tech.Co Deals Roundup by emailing us at [email protected]

UPDATE: An earlier version of this article incorrectly referenced PaperG as being based in New Haven, CT.

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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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