AppDirect snags $35 mln Series C funds

AppDirect said Thursday that it has closed $35 million in Series C funding. New backer Mithril Capital Management led the round with participation from previous investors that include iNovia Capital and Foundry Group. In addition to the funding, Ajay Royan of Mithril has been added to AppDirect’s board of directors. Based in San Francisco, AppDirect is a cloud service marketplace.


Wine app Drync racks up $2.1 mln

Drync said Wednesday that it has received $2.1 million in funding. Investors included Cross Link Ventures, Great Oaks Venture Capital, KEC Ventures and Foundry Group. Also, the firm has named Brian Carr as its COO. Based in Boston, Drync is a wine app.


Crowdtap nabs $5 mln Series B funds

Crowdtap has received $5 million in Series B funding. Foundry Group led the round with participation from Tribeca Venture Partners, Alta Communications and The Mustang Group. Based in New York City, Crowdtap is a social influence marketing platform.

Map maker MapBox Raises $10 mln from Foundry Group to scale

MapBox, which has offices in San Francisco and Washington, D.C., this morning announced it closed a $10 million Series A round from Foundry Group. MapBox has been largely bootstrapped until now, although it has received more than $649,000 in grants from the Knight Foundation, including $575,000 as a winner of the 2012 Knight News Challenge Data. Ryan McIntyre, managing director of Foundry, discussed his firm’s investment in a blog post here. The company provides map making services to create customized, interactive maps for websites and apps using open-source tools and data. The funding will be used by MapBox to grow its staff beyond its current number of 35.

LeadPages secures Series A led by Foundry Group

Minneapolis¬based software company LeadPages has announced a $5 million Series A round of funding led by Foundry Group with participation from Arthur Ventures. LeadPages was launched in January of 2013 by co-founders Clay Collins, Tracy Simmons, and Simon Payne

Yesware secures series B led by Battery Ventures

Yesware has secured $13.5 million in series B funding. The round was led by Battery Ventures, with existing investors Google Ventures, Foundry Group, IDG Ventures, and Golden Venture Partners all participating. In total, Yesware raised $18.5 million.

Fitbit Raises $43M From Qualcomm, SAP, Softback, Foundry, True

Fitbit raised $43 million in additional funding, according to a filing with the Securities and Exchange Commission. The company, which makes fitness tracking devices, raised the money from Qualcomm Ventures, SAP Ventures, SoftBank Capital, Foundry Group and True Ventures, according to TechCrunch.

Foundry Group Raises $218M Toward Select Fund

The Foundry Group has raised $218 million toward a $225 million Foundry Group Select Fund, according to a filing with the Securities and Exchange Commission. The filing is date Aug. 5 and lists the four Foundry managing directors: Brad Feld, Seth Levine, Ryan McIntyre and Jason Mendelson. An additional $7 million remains to be raised.

Chute Opens Up With $7M Series A

San Francisco-based startup Chute announced Tuesday it raised $7 million Series A round of funding led by Foundry Group, with existing investors Freestyle Capital and U.S. Venture Partners also participating. The company, which came out out of Y Combinator, previously raised about $3 million in funding from institutional ind individual investors, including Klout co-founder and CEO Joe Fernandez.

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