Remitly nets $12.5 mln Series B

Seattle-based Remitly Inc, an online remittance service, has secured $12.5 million in Series B funding. DFJ led the round with participation from DN Capital, QED Investors and Trilogy Equity Partners. In conjunction with the funding, William Bryant, a partner at DFJ, has been named to Remitly’s board of directors. According to the company, the capital infusion will be used for personnel hiring, scaling marketing efforts, and service expansion.


PeerTransfer nets $22 mln

PeerTransfer, a Boston-based provider of payment solutions for the education sector, has received $22 million in funding. Bain Capital Ventures led the round with participation from previous backers that included Spark Capital, Devonshire Investors, Accel Partners and QED Investors.


VC-backed ApplePie launches with nearly $4 mln in funding

San Francisco-based ApplePie Capital, a provider of a marketplace lending platform for franchise entrepreneurs, announced its launch today and disclosed that it has raised $3.77 million in funding. Investors include Freestyle Capital, QED Investors, Signia Venture Partners and angel investors. The company, which was founded in 2013, said it raised the funding in July 2014.


Credit Karma raises $75 mln in growth round

Google Capital, Tiger Global Management and Susquehanna Growth Equity have provided a $75 million add-on growth round in Credit Karma, a consumer finance and technology company. Google Capital’s portion of the funding is subject to regulatory approval and is expected to close in the fourth quarter. Credit Karma has raised a total of $193.5 million from Google Capital, Tiger, Susquehanna, Ribbit Capital, Felicis Ventures, QED Investors, Founders Fund and SV Angel.


Online mortgage lender Privlo rakes in $353.8 mln

Privlo, an online mortgage lender based in Santa Monica, Calif., has received $353.8 million in funding. This amount includes $3.8 million from Spark Capital and QED Investors as well as up to $350 million in debt financing from an undisclosed New York-based private real estate investment fund.

Meritech leads $33 mln round in small business lender CAN Capital

Meritech Capital Partners has led a $33 million Series C round in CAN Capital, a New York-based provider of alternative financing for small businesses. Joining the round are existing investor Accel Partners, Ribbit Capital and QED Investors. As part of the funding, Mike Gordon, managing director at Meritech, has joined the board.

33Across Adds Three Execs

33Across, a New York-based social targeting platform whose technology tracks possible customers among friends, has hired three new executives: Sachin Devand, Carine Roman, and Pedro Mejia. which provides technology to track possible customers among friends. Devand, who joins as VP of Platform Products, was previous VP of Advertising Products at LucidMedia. Roman, now the company’s […]

Valen Technologies Adds $7.5M from Investors

QED Investors and Core Capital Partners have put $7.5 million into Valen Technologies, a provider of predictive analytics technology for the insurance industry. The money will help Valen with data consortium expansion, predictive analytics platform enhancements, channel development, sales and marketing.

33Across Closes $9 Mln Funding Round led by Flybridge

My “friends,” or people I’m socially connected to, are a potential goldmine for some retailers.

That’s according to 33Across, which provides technology to track possible customers among friends, says cofounder Eric Wheeler.

For example, if I buy something off of eBay, 33Across identifies possible purchasers and shoppers that are socially connected me. The company does this by placing a cookie on a browser that lets retailers track potential buyers (users can opt out of the cookie, Wheeler says). “It’s not behavioral,” Wheeler says. “We identify the anonymous connections of consumers that are buying and shopping a certain brand.”

L2C Raises Series A Round

L2C Inc., an Atlanta-based provider of consumer risk evaluation and identification solutions, has raised an undisclosed amount of Series A funding. The round was co-led by QED Investors and McGovern Enterprises.

VCs Bank on Credit Score Startup

With consumer loans increasingly difficult to obtain, Americans are putting more effort into attracting lenders by monitoring and improving their credit scores. That’s led to more traffic for monitoring sites. And it’s resulted in an increasing amount of interest in the credit score industry from investors.

Over the past two years, venture and angel investors have funded at least a half-dozen startups offering tools to track credit scores, view offers from lenders, and protect against identity theft.

Last week, the latest credit score-focused funding recipient, San Francisco-based, announced that it raised $2.5 million in a Series A investment round to build up its advertising-supported business.

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