Propel, the US-based developer of a product lifecycle management tool built on Salesforce.com’s cloud computing platform, closed a $4.2m series A round led by venture capital firm Cloud Apps Capital Partners yesterday, with contributions from Salesforce’s corporate venturing unit, Salesforce Ventures, and VC firm SignalFire. The funding will go to sales, marketing and product development.
India-based e-commerce marketplace IndiaMart raised an undisclosed amount on Wednesday in a series C round featuring Intel Capital, the corporate venturing arm of semiconductor maker Intel. The round, which was led by Amadeus Capital and backed by Westbridge Capital and Accion Frontier Inclusion Fund, followed $10m of funding from Intel Capital in 2008 and $3.4m from Brand Equity Treaty the year before.
Selerity, the US-based creator of a contextual content recommendation platform for businesses, secured $4.2m on Tuesday in a round led by financial services firm Citi that included angel investors Roger Ehrenberg and Mark Faulkner and other, undisclosed series B backers. The company had already closed a $5.1m round in 2009 before adding $3m from various angel investors in 2013.
Investment firm WindSail Capital Group provided $3m of funding for Genability, a US-based energy cost and savings data software developer backed by energy intelligence software provider EnerNoc, on Wednesday. Genability, which focuses on solar, hydroelectric power, energy storage and electric vehicles, received an undisclosed amount of funding from EnerNoc in early 2014.
Utilight, an Israel-based producer of 3D laser printing technology for the manufacturing of printed electronics, has raised $2.9m in secured convertible note financing from investors including Robert Bosch Venture Capital, industrial equipment maker Robert Bosch’s corporate venturing unit, it announced on Monday. The round also included SCI Advanced Technology Fund, Waarde Capital, I2BF Global Venture, an unnamed investor from the polymers industry and undisclosed high-net worth Asian investors.
Repro, a Japan-based mobile software development tool provider backed by internet company Digital Garage, has received ¥300m ($2.7m) from Jafco, Voyage Ventures and assorted angel investors, VentureBeat reported on Monday. DG Incubation, which acts as Digital Garage’s seed-stage investment subsidiary, joined big data technology producer Brain Pad and software testing services provider Shift to invest $840,000 in Repro in May 2015.
US-based mobile learning tool provider Volley Labs has secured $2.3m in seed funding from investors including online education provider Tal Education, Reach Capital, Zuckerberg Education Ventures and undisclosed angel investors from the tech industry, EdSurge reported yesterday. Users can scan technical text using Volley’s app which then uses machine learning to scour the web for information that explains the terminology in question.
South Korea-based iris recognition technology developer CMITech Company closed a $2.1m series B round on Tuesday that included SBI Investment Korea, a local subsidiary of financial services firm SBI Group, as well as financial services provider Industrial Bank of Korea and Magellan Technology Investment. CMITech, which was founded in 2009, has not publicly disclosed its earlier financing.
Good Culture, a US-based startup aiming to disrupt the cottage cheese space, completed a $2.1m round co-led by financing round co-led by 301, the corporate venturing vehicle for food producer General Mills, and VC firm Cavu Venture Partners on Tuesday. The startup produces a range of flavoured organic savoury and sweet cottage cheeses that are sold in grocers including chains Whole Foods Market and Sprouts.
Constant Therapy, the US-based developer of a digital brain therapy for the treatment of speech, language and cognitive disorders through mobile devices, raised $2m yesterday in a series A round that featured care provider Community Health Network of Connecticut. The round, which also included Golden Seeds, Kapor Capital, Launchpad Venture Group and Pond Capital, will be used for scientific research, data, marketing and product development.
Drive Spotter, the US-based creator of a video analytics platform that fleet managers can use to analyse driver performance, closed a $750,000 round led by reinsurance firm Grinnell Mutual Reinsurance on Wednesday. Grinnell is also an investor in Global Insurance Accelerator, the specialist accelerator initiative from which Drive Spotter graduated in 2015.
Indonesia-based media group MNC has invested an undisclosed sum in Singapore-based matchmaking app developer Paktor, Tech in Asia reported on Tuesday. The investment is part of a larger round yet to close, according to Paktor, which had previously raised about $12m in funding from investors including Singaporean state-backed VC fund Vertex Venture Holdings, investment firm Majuven and VC firm Convergence Ventures.
GetLinks, the Thailand-based operator of a recruitment platform for tech companies, has closed a $500,000 seed round featuring CyberAgent Ventures, which acts as internet company CyberAgent’s corporate venturing arm, and 500 Startups, TechCrunch reported on Monday. The company is also a graduate of accelerator programs run by 500 Startups and JFDI Asia.
NextLaw Labs, the collaborative innovation platform developed by law firm Dentons, has invested an undisclosed sum in Apperio, the UK-based creator of an analytics dashboard for the tracking of legal fees. Its investment in Apperio, which had previously received funding from backers including Notion Capital, IQ Capital and Seedcamp, follows an undisclosed sum invested in Canada-based legal advisory app developer Ross Intelligence.