Blumberg, RPM Ventures lead $6 mln funding in Able

Blumberg Capital and RPM Ventures led a $6 million Series A funding round in Able, which provides loans and connects small businesses into a network of borrowers. Other investors in the funding include Peterson Partners and Expansion Ventures AngelList Syndicate.


Yotpo scores $15 mln in Marker-led round

Customer content marketing platform Yotpo has closed $15 million in funding. Marker LLC led the round with participation from other investors that included Innovation Endeavors, Vintage Investment Partners, Blumberg Capital and Access Industries. Also, the company has appointed former GoDaddy CEO Warren Adelman to its board.


Mayfield leads funding of Arcadia Data

San Mateo, Calif.-based Arcadia Data has come out of stealth and announced its has raised $11.5 million in Series A funding led by the Mayfield Fund. Blumberg Capital and Intel Capital also invested in the company, which provides a business intelligence platform for big data.

MakeMyTrip buys VC-backed Mygola

MakeMyTrip has acquired Mygola, the latter announced in a blog post on its site. No financial terms were disclosed. Based in Chevy Chase, Maryland and Bangalore, Mygola is an online travel guide. Its backers included 500 Startups, Blumberg Capital and Helion Venture Partners.


Lendio nabs $20.5 mln

Utah-based small business lending marketplace Lendio has secured $20.5 million in funding. The investors were Napier Park‘s Financial Partners Group, Blumberg Capital, North Hill Ventures, Pivot Investment Partners and previous backers Tribeca Venture Partners, Runa Capital and Highway 12 Ventures. In conjunction with the funding, Dan Kittredge, managing director at Napier Park, and Chris Gottschalk, principal at Blumberg Capital, have been appointed to Lendio’s board of directors.


General Catalyst leads Series B round for Fundbox

San Francisco-based Fundbox, a cash flow optimization tool for small businesses, has received $40 million in Series B funding. General Catalyst Partners led the round with participation from other investors that included Khosla Ventures, Shlomo Kramer, Blumberg Capital and NyCa Investment Partners. Also, Hemant Taneja of General Catalyst has been added to Fundbox’s board of directors. In addition to the Series B financing, Fundbox has also received a new credit facility from Silicon Valley Bank and other unidentified institutions. No financial terms were disclosed.


CoverHound raises $14 mln

CoverHound said Monday it raised $14 million in Series B financing with participation from existing investors RRE Ventures, Blumberg Capital and Bullpen Capital. New investors Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures, the venture capital arm of American Family Insurance also took part. San Francisco-based CoverHound helps consumers find, compare and purchase insurance policies on one site. The company has raised over $20 million in VC funding.

Bento for Business nets $2.5 mln

San Francisco-based Bento for Business, which provides financial services for small businesses, has raised $2.5 million in funding. Anthemis Group led the round with participation from other investors that included Blumberg Capital, LionBird and Pivot Investment Partners.

Bento for Business raises $2.5 mln

Anthemis Group led a $2.5 million seed round of financing for Bento for Business. Other participants in the round include Blumberg Capital, LionBird and Pivot Investment Partners. San Francisco-based Bento for Business provides financial services for small businesses.


August, Aspect, Blumberg to raise money, Cendana gets another $40 mln

August Capital has set out to raise a $450 million seventh fund, while Blumberg Capital, Aspect Ventures and Northern Light Venture Capital seek to raise money of their own, according to documents filed with the SEC. At the same time, Cendana Capital roped in another $40 million and Tullis Health Investors raised $21.4 million toward a $200 million fund, according to SEC documents.


Columbus Nova and Blumberg Capital back Credorax

Credorax has secured $40 million in funding. The investors in this round were Columbus Nova Technology Partners and return backer Blumberg Capital. Headquartered in Southborough, Mass., Credorax provides online payment processing and acquiring bank services for digital merchants.


Appboy grabs $15 mln Series B

Appboy said Thursday that it has secured $15 million in Series B funding. InterWest Partners led the round with participation from previous backers Icon Venture Partners, Blumberg Capital, T5 Capital and IDG Ventures. In addition to the funding, Doug Pepper, general partner at InterWest, has been appointed to Appboy’s board of directors. Based in New York City, Appboy is a provider of marketing automation for apps.


Horizons Ventures leads $6.5 mln Series B funding in FeeX

Horizons Ventures has led a $6.5 million Series B funding round in FeeX, which finds and reduces hidden fees in investment accounts. Existing investor Blumberg Capital participated in the funding round. Horizons has raised a total of $9.6 million to date.


ZipZap nabs $1.1 mln

ZipZap has raised $1.1 million in funding. Investors included AngelList Syndicate, 500 Startups and Blumberg Capital. In addition to the funding, ZipZap has named Jim Griffin as senior vice president of currency. Headquartered in San Francisco, ZipZap is a global payment network.


Zooz closes funding round led by Blumberg Capital

Zooz, a smart payment technology provider, has closed a $12 million funding round. The financing was led by Blumberg Capital, with participation by existing investors including XSeed Capital, lool ventures and Rhodium and new investors Access Industries and Camp One Ventures.

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