Funding: Imgur, Wealthfront, and SoFi can now add new features and grow their existing user base.
As, a unique objective
reference for organizations and professionals, when it comes to Tools, Supports
and Solutions for drawing value-added in their activities, 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.
Imgur (founded in 2009, San Francisco-based image sharing service), has raised
$40 million in its first funding round from Andreessen Horowitz with a smaller contribution from Reddit. If unfamiliar, Connectikpeople.co recalls that, Imgur provides a fast and easy image sharing service, online and
through its mobile apps. Imgur will
use the new funds to add content discovery features, upgrade its mobile
platforms, and improve ads.
Wealthfront ( launched in 2011, Palo Alto-based investment service), has
raised a Series C round of $35 million led by Index Ventures and Ribbit Capital with participation from existing investors The Social+Capital Partnership, Greylock Partners, DAG Ventures, and a number of angel investors. With Wealthfront, you have access to online financial planning and
investment management at affordable prices. Wealthfront announced $800 million in assets and will use the new
funds to further personalize its mobile services, for engineering, design
talent, and grow its existing user base.
SoFi (launched in 2011, San Francisco-based peer-to-peer
lending marketplace) has raised $80 million in a Series C round led by Discovery Capital Management with participation from Wicklow Capital and Peter Thiel along with previous investors Renren, Baseline Ventures, and DCM.
SoFi lowers student interest rates
by connecting alumni borrowers and investors for refinancing private and
federal student loans. Launched in 2011,
SoFi will use the new cash to expand its loan offerings to include
mortgages and personal loans.