Startup funding: Top Hat, VSCO , Automattic, Crittercism , Kabbage and Optimizely can expand their business.
As, a unique must-attendlandmark when it comes to the end-to-end digital transformation,
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.
Top Hat (Launched in 2012, Toronto-based education startup), has
raised $10.5 million in a Series B round led by Georgian Partners with participation from Emergence Capital Partners, iNovia Capital, SoftTech VC, Version One Ventures, and Golden Venture Partners. With Top Hat professors can
get real-time feedback, share homework, and measure class participation. Top Hat has raised around $20 million
in total funding and plans to use the latest investment to launch an enterprise
product for university administrators.
VSCO (Founded in 2011, Oakland-based art and technology), has
raised $40 million in new funding from Accel Partners. This startup offers photo editing software that recreates the effects of
classic analog film photography and also provides photographers with a
community platform to share their work. VSCO
plans to use the new funds to expand to international markets and pursue other
creative ventures.
Automattic (Founded in 2007, San Francisco-based web publishing
company), has raised $160 million in a
new round led by Insight Venture Partners with participation from new investors Chris Sacca and Endurance and existing
investors Tiger Global and Iconiq. Connectikpeople.co recalls that, Automattic
is the developer of WordPress, (web publishing platform) that powers about 22
percent of the world's top 10 million websites. Automattic is now valued at $1.16 billion and will use the new cash
to expand its current team of 240 and ramp up marketing.
Crittercism ( Founded in 2011, San Francisco-based mobile app performance management
company), has raised $30 million in a Series C round led by Scale Venture Partners with participation from InterWest Partners, VMware, and Accenture. With Crittercism's performance
management solution, you can monitor app performance and provides a real-time
global view of app diagnostics to help developers produce high quality mobile
apps. Crittercism will use the new
cash to expand channel efforts with partners in South America, Europe, and
Asia, as well as invest in enterprise initiatives.
Kabbage (Founded in 2009, Atlanta-based online lending platform), has raised $50
million in a Series D funding led by SoftBank Capital with participation from TCW, Lumia Capital, and existing investors including Thomvest Ventures, BlueRun Ventures, and Mohr Davidow Ventures. Kabbage provides working capital to small businesses that are unable to
obtain credit from traditional sources, leveraging data to understand
performance and deliver financing options. Kabbage
has raised $106 million to date and will use the new funds to ramp up
marketing and partnership efforts and build out its international business in
the UK, Canada, and Asia.
Optimizely (Founded in 2010, San Francisco-based website optimization platform), has
raised a $57 million Series B round led by Andreessen Horowitz with participation from previous investors Benchmark and Bain Capital Ventures. Optimizely provides A/B
testing to enable website owners without technical expertise to make changes
and test variations of design and content. Optimizely
currently serves more than 7,000 customers and has raised over $88 million
in funding to date.