Startups funding: Rocketrip, Kantox, and Splice Machine can accelerate product development and 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 fundings, 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.
Rocketrip (Founded in 2008, New York-based employee travel booking
startup), has raised $2.6 million in a Series A round led by Canaan Partners with participation from Genacast Ventures. This startup provides an incentive-based platform to reward good employees
by allowing them to share in the cost-savings they generate while traveling. Rocketrip will use the funds to
accelerate product development and build
out sales and client services.
Kantox (Founded in 2011, London-based peer-to-peer foreign currency
exchange startup), has raised €6.5 million in a Series A funding led by Partech Ventures and Idinvest Partners with participation from existing investor Cabiedes & Partners. Kantox provides small and medium enterprises a currency exchange platform
for the purpose of money transfer, offering better exchange rates by cutting
out banks and brokers through its P2P model. Kantox has raised around $11 million in funding to date and will
use the new capital to continue developing its technology and consolidate its
presence across Europe.
Splice Machine (Founded in 2012, San Francisco-based SQL-on-Hadoop
database), has raised $15 million in a Series B funding led by InterWest Partners and previous investor Mohr Davidow Ventures. Splice Machine provides all the benefits of NoSQL databases while
retaining the industry standard SQL, optimizing complex queries without
rewriting existing apps. Splice Machine
will use the latest funds to accelerate product development and expand its
sales and marketing teams as it prepares to launch into public beta.
