Startup Fundings: LendUp, Bill.com and CustomInk have raised + $90 million.
For those unfamiliar,
Connectikpeople can recall that, fundraising
is often needed to scale the company and generate exponential growth. Further this
rubric is also intended to help you target or discover the real investors
and
business Angels.
Therefore LendUp ( founded in 2011, San Francisco-based socially responsible lending platform), has raised $14
million in a Series A round led by Google Ventures with participation from Data Collective and QED Investors. For those who unfamiliar, LendUp offers a safe borrowing alternative to
consumers that banks and credit unions decline, aiming to change the dynamics
of the small dollar loan.
Bill.com ( founded in 2006, Palo Alto-based online accounting company), has raised $38 million in a
round led by Scale Venture Partners with participation from August Capital, Jafco Ventures, DCM, Commerce Ventures, and a handful of banks. Bill.com provides banks a platform that connects
payments and receivables and manages cash flow so that users can receive, route
and pay invoices electronically. Bill.com has raised over $70 million in
funding to date.
CustomInk ( founded in 2000, Virginia-based
custom t-shirt company ),has raised $40 million in funding from Revolution Growth, the investment fund from Steve Case, Donn Davis, and Ted Leonsis, who will be joining CustomInk's board. CustomInk delivers more than 20
million custom t-shirts a year, with annual revenues of $200 million. CustomInk
will use the new capital to expand its core business, ramp up production, and
explore new business opportunities.