Funding: Renaissance Learning, Postmates, and ZenPayroll can now accelerate their expansion.
If unfamiliar,
Connectikpeople.co 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 funding, acquisitions, strategic alliances and more. Regarding the emerging
countries, and startups, this is an instrument for them to discover which
Venture Capital or Business angel can fund their projects.
Renaissance Learning (founded in 1984, Wisconsin learning analytics company), has
raised $40 million from Google Capital. Renaissance offers a variety of cloud-based learning and assessment tools
designed to provide a data-driven approach to teachers and students. Renaissance
Learning currently serves 18 million student users and will use the new fund to
build out products in its pipeline and explore acquisition
opportunities.
Postmates (Founded in 2011, San Francisco-based urban delivery
platform), has raised a Series B round of $16 million led by Spark Capital with participation from existing investors including Crosslink Capital, Matrix Partners, and SoftTech VC. Connectikpeople.co recalls that, Postmates provides local delivery service
within an hour through its mobile app and network of couriers and is currently
available in San Francisco, Seattle, NYC, and Washington, D.C. Postmates has
raised $23 million to date and will use the new funds to continue expanding to
new cities.
ZenPayroll (Founded in 2011, San Francisco-based payroll service), has
raised $20 million in Series A funding led by General Catalyst Partners with participation from Kleiner Perkins Caufield & Byers. This company offers a cloud-based payroll application that automates all
payroll tax calculations and payments, providing direct deposit to employees. ZenPayroll
is currently processing $400 million in annual payroll and plans to use the new
funds to expand its team and accelerate product growth.