CircleCI Secures Seed Funds

CircleCI has secured $1.5 million in seed funding from investors in the cloud and agile development space. Backers include Heroku founder James Lindenbaum, SV Angel, 500 Startups, Hiten Shah from Kissmetrics, Jason Seats, founder of Slicehost, and Eric Ries.

MetroMile Launches with Pay-Per-Mile Car Insurance

Tech company MetroMile has launched and unveiled a first-of-its-kind car insurance product that charges drivers a per-mile rate for the miles they drive each month. The company has raised over $4 million in funding from NEA, Index Ventures, First Round Capital and SV Angel.

Poshmark Raises $12M From Menlo, Mayfield, Inventus & SoftTech

Poshmark said it raised $12 million in a Series B financing led by Menlo Ventures and joined by existing investors Mayfield Fund, Inventus Capital, SoftTechVC, and SV Angel. The new round brings the company’s funding to $15.5 million. Poshmark will use the capital to support its online community, expand to new platforms and make new hires.

Spindle Labs Inks $2.3M

Spindle Labs Inc., a developer of search technology, has raised $2.3 million in venture funding, and recently released the company’s app in iTunes. The company is backed by Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Ventures, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan. Spindle Labs is based in Boston.

FundersClub Raises Significant Seed Round

FundersClub, a marketplace for private investing, has closed a significant round of seed funding. Investors in the round included First Round Capital, Y Combinator, Draper Associates, Felicis Ventures, Spark Capital, Digital Garage, Intel Capital, Y Combinator-affiliated funds (Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners), Investmon Sarl, NetPrice, Global Venture Alliance and Plug and Play Tech Center.

Ancestry.com Purchases 1000memories

Online family history resource Ancestry.com has acquired San Francisco-based startup 1000memories. Founded in 2010, 1000memories makes it easy to digitize and share photos and stories from the past. The business was funded by angel and institutional investors, including Greylock Partners, Y Combinator, SV Angel, Founder Collective, and Lowercase Capital.

Kabbage Raises Plenty of Green for Itself

Atlanta-based Kabbage, which provides capital to small and mid-sized online merchants, has raised $30 million in Series C funding. The company has now raised $56 million in total equity. The latest round was led by Thomvest Ventures, the venture arm of Peter Thomson, who’s also a director of Thomson Reuters (owner of peHUB). Joining in the round are UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, SV Angel and individuals Warren Stephens and David Bonderman.

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