KFit inks $12 mln Series A

By Iris Dorbian — 1 week ago

Fitness-sharing platform KFit has raised $12 million in Series A funding. Venturra Capital led the round with participation from other investors that included SIG, Axiata Digital Innovation Fund, Sequoia Capital India and 500 Startups.

Continue

Singapore startup Xfers picks up $2.5 mln seed

By Iris Dorbian — 1 month ago

Singapore-based Xfers, a startup that facilitates transactions for small business merchants, has secured $2.5 million in seed funding. The investors were Facebook co-founder Eduardo Saverin, Lazena investment, Golden Gate Ventures, 500 Startups, GMO Venture Partners, Partech Ventures, BWB Ventures and Convergence Ventures.

Continue

VC-backed Luma buys Nodal Industries

By Iris Dorbian — 1 month ago

Luma has acquired Nodal Industries, an internet of things security startup. No financial terms were disclosed. Luma’s backers include Felicis Ventures, Relay Ventures, Base Ventures and Webb Investment Network while Nodal was backed by 500 Startups.

Continue

Funnely nabs $988K seed

By Iris Dorbian — 2 months ago

Funnely, which helps e-commerce marketers increase their online sales by automating Facebook and Instagram ads, has secured $988,000 in seed funding. Verizon Ventures led the round with participation from 500 Startups, MITS Fund and Pallasite Ventures.

Continue

Edtech startup Springboard nets $1.7 mln seed

By Iris Dorbian — 2 months ago

Educational tech startup Springboard (formerly known as SlideRule) has secured $1.7 million in seed funding. The investors included LinkedIn co-founder Allen Blue, The Princeton Review founder John Katzman, 500 Startups and Blue Fog Capital.

Continue

500 Startups collects $30 mln for fund backing MENA startups: Arabian Business.com

By Iris Dorbian — 2 months ago

Silicon Valley-based venture firm 500 Startups has raised $30 million for a fund that targets startups based in the Middle East and North Africa, reported Arabian Business.com. Named 500 Falcons, the fund will focus on making seed investments between $50,000 and $100,000 in 100 to 200 companies. The sectors of interest include e-commerce, fintech, hardware and internet of things.

Continue

Ematic Solutions snags $1.07 mln seed

By Iris Dorbian — 2 months ago

Singapore-based Ematic Solutions, a software company that helps marketers, has secured $1.07 million in seed funding. The investors included 500 Startups, Wavemaker Partners and Convergence Ventures. According to Ematic, the capital infusion will be used for personnel hiring and product development.

Continue

Contactually snaps up $8 mln Series A

By Iris Dorbian — 3 months ago

According to a blog post on its site, Washington, DC-based software and service company Contactually has raised $8 million in Series A funding. The company’s backers include Grotech Ventures, Rally Ventures, Correlation Ventures, Point Nine Capital, 500 Startups, Bull City Venture Partners and Middleland Capital.

 

Continue

Indonesia food service company Qraved picks up $8 mln

By Iris Dorbian — 3 months ago

Indonesian food service company Qraved has secured $8 million in Series B funding. Richmond Global Ventures and Gobi Partners led the round with participation from GWC, Convergence Ventures, 500 Startups, Toivo Annus and M&Y Partners. PRESS RELEASE SAN FRANCISCO, CALIFORNIA, October 29, 2015—Jakarta-based food service venture, Qraved, today announced a US$8 million Series B financing […]

Continue

Financial education platform Apptuto grabs $500K

By Iris Dorbian — 3 months ago

Apptuto, a financial education platform, has secured $500,000 in funding. 500 Startups led the round with participation from other investors that included Michael Staton, a partner at Learn Capital, and executives from Google, HSBC, Macquarie Bank, Delta Partners Group.

Continue

Allay grabs $3.4 mln seed

By Iris Dorbian — 4 months ago

San Francisco-based Allay, an human resources services and employee benefits start up, has raised $3.4 million in seed funding. The investors included BlueCross BlueShield Venture Partners, Sandbox Industries, 500 Startups and Arnold Capital. In addition to the funding, Anna Haghgooie, managing director of Sandbox Industries, will represent BlueCross BlueShield Venture Partners on the board.

Continue

500 Startups to raise $200 mln fourth fund

By Mark Boslet — 5 months ago

Seed investor 500 Startups has set out to raise a $200 million fourth fund, according to an SEC filing. The news comes a week after the firm, which runs an accelerator, announced it had raised $85 million for its third fund.

Continue

500 Startups closes third fund at $85 mln: WSJ

By Iris Dorbian — 5 months ago

Mountain View, California-based early-stage venture firm and accelerator 500 Startups has raised $85 million for its third fund, according to a Wall Street Journal report. Founder Dave McClure told the news outlet that the number of the fund’s LPs “is approaching 500” and includes Dentsu Inc, Yahoo Japan and Malaysian government-backed venture firm Malaysia Venture Capital Management Berhad. An earlier WSJ article reported that the fund’s original target was $100 million.

 

Continue

Egyptian startup WUZZUF nets $1.7 mln Series A

By Iris Dorbian — 5 months ago

Egypt-based online recruitment platform WUZZUF has secured $1.7 million in Series A funding, according to a source at the company. Vostok New Ventures and Piton Capital led the round with participation from return backers 500 Startups and Endure Capital.

Continue