Daily Deal Activity 06/26/13

Digital Media/Commerce

ecommerce

Covestor, an online marketplace for investing, has raised $12.75 million in a Series B funding from Amadeus Capital Partners, Bay Partners, Spark Capital, and Union Square Ventures. The financing brings the total capital Covestor has raised to $28 million.

gaming

TopLine Game Labs has entered the fantasy sports and social gaming market with a $25 million investment from Cantor Ventures. The company’s games will be available on desktop and mobile devices.

social media/apps

Brit + Co., an online community for DIY enthusiasts, has raised $6.3 million in Series A funding. Oak Investment Partners led the round, and was joined by Index Ventures, Lerer Ventures, Cowboy Ventures, and returning angel investors. The company plans on using the funds to invest in creating digital video series, as well as to build out the commerce side of the business.

social media/apps

U.K.-based Rockpack, a social video company that has raised $2 million in venture capital from Qualcomm Ventures and individual investors, is launching its mobile video application. The app, which will enable users to curate channels of video from a variety of sources, will initially be available on iPhone and iPad devices.

Digital Advertising

local search

Storefront, a startup focused on helping businesses find short-term real estate rentals for temporary stores, has raised $1.6 million in seed funding from Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, BoxGroup, and Sand Hill Angels, among other angel investors. The new funding will be put toward helping the service expand beyond San Francisco.

vertical search

Turkey-based Tatilsepeti.com, a tourism portal, has raised an undisclosed amount of funding from London-based Bancroft Private Equity.

Marketing Technology

ad serving

Inadco, a native digital ad startup, has raised $11 million in Series B funding led by U.S. Venture Partners, with return backer Redpoint Ventures participating. Inadco ad serving technology uses precision targeting to identify high intent consumers who want to make a direct connection with one of its marketers.

bi tools

DataTorrent, a developer of a real-time data streaming platform, has raised $8 million in Series A funding led by August Capital. Customers use DataTorrent as a data integration platform for processing the millions of data events that they need to monitor.

crm

Attendware, a provider of event-management software, has raised $1 million in Series A funding from .406 Ventures. Attendware Web-based software was developed for events run by membership-driven organizations, such as universities and nonprofit institutions, and includes features such as name-tag printing, sending out text alerts, and reporting on attendance data.

mobile technology

MYSKYNET (dba Sparq), a 10-employee startup offering solutions that help businesses drive customers to install and use their branded mobile apps, has raised $0.65 million in Series A funding from a number of individual investors.

mrm/workflow management

Colyar Consulting Group, a provider of Web-based software solutions for managing child nutrition and food distribution programs, has been acquired by Shore Points Capital and Greyrock Capital Group. No financial terms were disclosed. The company’s tools enable users to create and track reviews and manage the USDA commodity distribution process. Colyar Consulting also provides Web application development, client/server application development, application reengineering, and maintenance and support services.

web search/portals

Gigablast, an Internet search engine company, provides information retrieval technology for partner sites, is being acquired by Yippy, a unified search company known for its search clustering technology and eDiscovery tools. Terms were not disclosed.

sfa/lead management software

The SAVO Group, which provides cloud-based sales enablement technology and consulting solutions, has raised $10 million in in venture debt funding from new investor NXT Capital Venture Finance. The transaction also included participation from Square 1 Bank and returning investord SAP Ventures and Sterling Partners.

Traditional Media

digital place-based media

Snapfinger, which develops and operates an online ordering platform for the restaurant industry, was acquired by EMN8, a provider of digital ordering and engagement platforms for quick-service restaurants. The company was purchased from Kudzu Interactive, a point-of-sale and Web-based remote ordering and pre-payment solutions provider. Terms were not disclosed. EMN8 has also raised $50 million in funding led by Sid R. Bass Associates, with participation from Allegis Capital. Some of the proceeds will go toward the recent acquisition of Snapfinger.

Technology & Communications

big data technology

Hortonworks, a provider of open-source software used for managing massive amounts of data, has raised $50 million in new financing led by new investors Tenaya Capital and Dragoneer Investment Group, with participation from existing investors Benchmark Capital, Index Ventures, and Yahoo (NasdaqGS:YHOO). The company was spun out of Yahoo in 2010 with funding from Benchmark Capital.

cloud computing technology

Metacloud, a provider of on-demand private cloud-as-a-service solutions, has raised $10 million in Series A funding led by Canaan Partners, with participation from return backers Storm Ventures and AME Cloud Ventures.

financial technology

Revel Systems, a provider of iPad-based point-of-sale systems for restaurant, retail, and other customer-service facing businesses, announced its $10.1 million Series B funding round from two private investors based in Asia.

network infrastructure technology

GainSpan, a semiconductor company offering low-power Wi-Fi technologies, has raised $19 million in Series D funding from new investors Zebra Technologies and Oplink Communications, along with previous investors including Opus Capital, Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures, and Hatteras Funds. This brings the company’s total investments to approximately $75 million.

Software

application management

Artisan Mobile, which develops mobile management software, has raised $5.5 million in Series A funding led by FirstMark Capital. The company’s mobile application development software renders the user interface of native mobile apps dynamically from the cloud. Artisan has now raised $7 million. It previously raised $1.5 million in a seed round also led by FirstMark, joined by company management and several local angel investors.

application management

ElasticBox, which offers solutions for developers to define and deploy apps on cloud environments, has launched with $3.4 million in seed funding led by Sierra Ventures, with participation from Andreessen Horowitz, Intel Capital, and Nexus Venture Partners.

financial

Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions to the asset management industry, was acquired by Broadridge Financial Solutions (NYSE:BR), a company offering technology solutions to the financial services industry. The transaction is expected to close in July. Terms were not disclosed.

geo-demo

Planet Labs, a provider of satellite-based mapping solutions, has raised $13 million in Series A funding led by Draper Fisher Jurvetson, with participation from OATV, Capricorn Investment Management, Founders Fund, Data Collective, Innovation Endeavors, and First Round Capital.

healthcare, big data technology

NuMedii, a developer of predictive big data technology for discovering and de-risking new drugs, has raised $3.5 million in Series A funding co-led by Claremont Creek Ventures and Lightspeed Venture Partners, with participation from Life Science Angels. NuMedii’s approach rolls a wide range of data — from public scientific journal data bases and other sources — into an algorithm to predict if a compound will translate into a drug.

security

Vormetric, a provider of data-centric security solutions for physical, virtual, and cloud environments, has raised $15 million in funding led by Split Rock Partners, with participation from return backers Quicksilver Ventures, JK&B Capital, and Sigma Partners. The company previously raised more than $35 million in venture capital funding, bringing its total investments to more than $50 million.

software platform

Ludei, an HTML5 platform that brings native performance and features to mobile developers, has raised $1.5 million in funding led by Spain-based venture capital firms Kibo Ventures and Vitamina K.

Other

U.K.-based Markit Group, a financial data provider, has hired Goldman Sachs to lead manage an upcoming U.S. IPO that would be designed to raise more than $1 billion, according to Reuters.

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