Pristine, developers of the only HIPAA-compliant video streaming and checklist solutions for Google Glass, announced today that it has raised $5.4 million in Series A financing. Austin-based S3 Ventures led the oversubscribed round, which also included Capital Factory, HealthFundr, and a syndicate of strategic clients. This new financing enables the company to expand its R&D, sales, marketing, and operations teams, supporting the company’s rapid growth.
Favor, the app to get any local store or restaurant delivered, today announced $2M in seed funding from angels and venture capitalists including Tim Draper and Silverton Partners. With demand surging in its initial markets of Austin and Boston, Favor is leading the push for customer-centric delivery in the ‘Sharing Economy’.
Magnitude Software, a leading provider of Enterprise Information Management (EIM) software, today announced it has secured up to $100 million in capital investment led by Audax Group, a leading middle market private equity firm, and a significant personal investment by Chris Ney, the company’s chairman and chief executive officer. Magnitude Software will use the investment to further build the company through product innovation, organic growth and strategic acquisitions.
Recently made available by Y Combinator, the SAFE investment instrument is intended to improve on the highly popular convertible note used by startups during the seed stage or as a short-term bridge between equity rounds.
Pingboard, the modern social company directory, today announced that the company has closed a $1.25M seed round of venture funding led by Silverton Partners.
Postmaster, the only smart and simple way to ship, track and save on small parcel shipping, today announced it has raised a seed investment round of $600,000. The round was led by Capital Factory, Cloud Power and Zelkova Ventures, as well as a consortium of angels. Postmaster will use the seed investment round to expand its development team, build additional carrier integrations, and expand its core features and functionality.
The Pedernales Brewery, a company founded on what their chief executive officer and founder described as a “Populist” form of raising capital, will begin distributing their beer in Austin this week.
When reviewing 300 applications for Capital Factory every year, and only accept a few, sometimes a couple will get away from you. Such is the case with InfoChimps, and also Ordoro which just raised a $1.2M Series A round of financing. It’s bittersweet, but I really do enjoy it when startups come back at you later and effectively say “I told you so!”
Joshua Baer had an excellent post on Mashable today with tips on how to raise money on AngelList. An excerpt is below, but you can read the rest of the post here. AngelList is an online community that matches startups with investors to streamline the fundraising process. I’ve personally raised $1 million from AngelList for [...]
Kimbia, Inc. announced it raised more than $4 million in a Series 2 round of funding led by S3 Ventures to expand industry adoption of its Web-based fundraising and event management software. Kimbia’s innovative platform is designed to power the next generation of online fundraisers, event organizers and social advocates. Kimbia donation and registration forms [...]