Startups fundings: Highlight, Oculus VR, Coinbase and Snapchat can now expand their business.
The amounts raised here
demonstrate the power of these models in terms of concepts, technologies and
adoption.
If unfamiliar, Connectikpeople
recalls that, this rubric is intended to help organizations, and investors to live in real-time what happens
in the startups world; in terms of fundings, acquisitions, strategic alliances
and more. Regarding the emerging countries, and startups, this rubric helps
them to discover which Venture Capital or Business
angel can fund their
projects.
Highlight ( Founded in 2011, San Francisco-based local networking app), has
raised $4 million in a new funding led by Draper
Fisher Jurvetson with participation from existing investors Benchmark and CrunchFund and new investors
Greycroft, Semil Shah, and Slow Ventures. The funding will be use
to release a smarter version 2.0 of its app that pinpoints users' friends and
interesting connections nearby. Highlight has raised $8 million in funding to
date.
Oculus VR ( Founded in 2012, Irvine-based virtual reality technology company), has raised $75 million in a Series B round led
by Andreessen Horowitz with
participation from Spark Capital, Matrix Partners, and Formation 8. Oculus VR plans to use the
funds to help launch a consumer version of the product. Oculus has raised over
$90 million in funding to date.
Shopify (Founded in
2006 Canadian ecommerce platform), has raised $100 million in Series C funding
led by OMERS Ventures and Insight Venture Partners. Shopify includes in its portfolio a professional online storefront, a
payment solution to accept credit cards, and a POS application to power retail
sales. The company plans to use the latest funding to provide offline commerce
services. Shopify has now raised $122 million in total funding and serves
80,000 businesses with its ecommerce and inventory systems.
Coinbase ( Founded in 2012, San Francisco-based Bitcoin wallet provider), has
raised $25 million in a Series B round led by Andreessen Horowitz with participation from existing investors Union Square Ventures and Ribbit Capital. The funds will be used to scale Coinbase to promote and prepare for the
broad adoption of Bitcoin. Billed as the largest and fastest-growing Bitcoin service
in the U.S., Coinbase has raised $31 million in funding to date.
Snapchat (Founded in 2011, Los
Angeles-based messaging app), has raised $50 million in Series C funding from Coatue Management . The funds will go towards growing the business, which
currently sees over 400 million snaps sent per day and more than 30 million
monthly active users.
Connectikpeople recalls that Snapchat's
previous investors include Lightspeed Venture Partners, Benchmark, SV Angel, IVP, and General Catalyst. Snapchat has raised $123 million in funding to date.