Archive | November, 2014

Collaborative Consumption

Commentary

What do Airbnb, Uber, Buzzcar, Birchbox, and Dollar Shave Club have in common? These companies are game-changers. They have moved into existing industries and transformed the landscape, achieving unimaginable degrees of loyalty from consumers. Unlike traditional companies, they build unique customer experiences, one that is enabled by collaboration and technology. These sites practice what they call collaborative consumption, which is purchasing services with another individual, not a company. According to MIT Sloan, the collaboration economy will grow to as big as $110 billion over the next few years and can transform the way we live, work and consume. With such a promising forecast, venture have continued to place bets on companies like Uber, Lyft, Airbnb, BlaBlaCar, and other players.

One company that has attracted the attention of investors this week is Roomer. Israel-based Roomer has found an interesting niche in the hospitality space as it positions itself as the Airbnb for unwanted hotel rooms. The hotel booking site allows travellers to sell non-refundable hotel reservations that they no longer want to other travellers at a discounted rate. The startup has received $5 million Series A, an early indication that there’s a market for unwanted hotel reservations. You can read about the funding here. 

The future of work

Commentary

It’s called the Freelance Economy. Everywhere you look, the global work force is undergoing a massive change. Today, work can be divided into small tasks then farmed out to a worldwide community of freelancers. According to a study commissioned by the Freelancers Union and Elance-oDesk, in the US, roughly 42 million Americans today are estimated to be freelancers. It is also predicted that by 2020, up to 50% of the total workforce in the States could be dominated by freelancers. So why the shift? The market is changing. The Internet has made it possible for people around the world communicate online, allowing people from across the globe to work together on projects. Hiring a freelancer is cost efficient for most businesses and just as effective as hiring a full-time worker. A freelancer who works from home has no overhead costs and can offer lower rates. For freelancers, freelancing allows them to set their own hours, giving them a kind of flexibility they will never experience when working full-time. The booming freelance market has also given rise to a number of global service marketplaces like Freelancer.com, Elance, oDesk and Fiverr, to name a few. Australia-based Freelancer.com is the world’s largest crowdsourcing & freelancing marketplace. Competitors Elance and oDesk merged in December of 2013, creating a behemoth that serves nearly 2 million businesses with 8 million freelancers in over 180 countries.

Today, Elance-oDesk received $30 million in a funding round led by Benchmark Capital. You can read about the funding here.

Weekly Update: November 25, 2014

      Total Deal Value (USD) –                                     Total Deal Number – 

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $103,500,000 Sentient Technologies Consortium Software & Services Investment
2 $75,000,000 Smarterer Pluralsight Software & Services Investment
3 $57,000,000 Prezi Spectrum Equity, Accel Partners Software & Services Investment
4 $50,000,000 Bigcommerce Consortium Ecommerce Investment
5 $50,000,000 CipherCloud Consortium Software & Services Investment
6 $47,600,000 LiveAuctioneers Bessemer Venture Partners Transactions Investment
7 $38,300,000 Kik Interactive Consortium Mobile & Apps Investment
8 $35,000,000 Teespring Khosla Ventures, Andreessen Horowitz Transactions Investment
9 $30,000,000 Endgame Consortium Software & Services Investment
10 $28,000,000 OrderWithMe Consortium Software & Services Investment
11 $25,000,000 Host Analytics Consortium Software & Services Investment
12 $23,750,000 Shift Consortium Transactions Investment
13 $21,000,000 Blockstream Consortium Transactions Investment
14 $15,000,000 Accompani Consortium Software & Services Investment
15 $15,000,000 Eyeview Marker LLC Marketing Investment
16 $15,000,000 Kensho Goldman Sachs Software & Services Investment
17 $14,000,000 Veradocs Consortium Software & Services Investment
18 $13,500,000 InsightSquared Consortium Software & Services Investment
19 $13,082,700 Oriel BigAir Group Software & Services Acquisition
20 $12,000,000 Flywheel Consortium Transactions Investment
21 $12,000,000 GDM Digital Ve Marketing Acquisition
22 $12,000,000 V-Key Ant Financial Services Group, IPV Capital Software & Services Investment
23 $11,000,000 Redbooth Altpoint Ventures, Avalon Ventures Software & Services Investment
24 $10,500,000 Menlo Security General Catalyst Partners, Osage University Partners Software & Services Investment
25 $10,000,000 PocketMath Rakuten Ventures Marketing Investment
26 $8,400,000 Glossier Consortium Ecommerce Investment
27 $7,500,000 Cue Consortium Hardware & Infrastructure Investment
28 $7,000,000 FiscalNote Consortium Software & Services Investment
29 $7,000,000 LeddarTech BDC Capital, GO Capital Hardware & Infrastructure Investment
30 $6,092,170 Readify Blue Sky Private Equity Mobile & Apps Investment
31 $6,000,000 Bloc Shasta Ventures Software & Services Investment
32 $6,000,000 RealScout Consortium Transactions Investment
33 $6,000,000 Recsolu First Analysis, Generations Capital Software & Services Investment
34 $5,700,000 Dual Aperture International Value Invest Korea, eWBM Hardware & Infrastructure Investment
35 $5,500,000 Memoir Consortium Mobile & Apps Investment
36 $5,479,425 Made Television Ariadne Capital Media Investment
37 $5,016,420 ContactLab Programma 101 Marketing Investment
38 $5,000,000 Breezeworks Consortium Mobile & Apps Investment
39 $4,986,680 Marley Spoon Global Founders Capital, Point Nine Capital Transactions Investment
40 $4,696,650 Obillex Dawn Capital, MMC Ventures Transactions Investment
41 $4,400,000 CompStak Consortium Transactions Investment
42 $3,754,905 AllUnite Northzone, Coop Marketing Investment
43 $3,100,000 Dispatch Consortium Software & Services Investment
44 $2,900,000 Assembly Consortium Software & Services Investment
45 $2,700,000 doForms Undisclosed Mobile & Apps Investment
46 $2,200,000 Mainframe2 Columbus Nova Technology Partners, angel investors Software & Services Investment
47 $2,000,000 Alfred Consortium Transactions Investment
48 $2,000,000 bitHound Consortium Software & Services Investment
49 $2,000,000 Evollve Undisclosed Hardware & Infrastructure Investment
50 $2,000,000 Flashback Technologies Consortium Software & Services Investment
51 $2,000,000 MicaSense Parrot Hardware & Infrastructure Investment
52 $2,000,000 Mirador Financial Consortium Software & Services Investment
53 $2,000,000 Self Care Catalysts Prosoft Development Inc. Software & Services Investment
54 $1,744,670 SafetyCulture Scott Farquhar Software & Services Investment
55 $1,703,115 Risparmio Super LVenture, Qui!Group Transactions Investment
56 $1,600,000 Clef Morado Ventures, angel investors Software & Services Investment
57 $1,500,000 Better Mobile Security HBS Alumni Angels, New York Angels Mobile & Apps Investment
58 $1,500,000 Oppex Alma Media, Veturi Venture Accelerator Transactions Investment
59 $1,491,780 Fitmo Undisclosed Mobile & Apps Investment
60 $1,400,000 Apto Mercury Funds Marketing Investment
61 $1,242,375 Vidcoin Consortium Marketing Investment
62 $1,100,000 LaForge Optical Somo Optical Hardware & Infrastructure Investment
63 $1,000,000 Atlas Wearables JRG Capital Partners Hardware & Infrastructure Investment
64 $1,000,000 Heirloom Tencent, Eduardo Vivas Software & Services Investment
65 $1,000,000 MagicEvent.com Undisclosed Marketing Investment
66 $1,000,000 Sharetribe Consortium Transactions Investment
67 $1,000,000 WeMail Justin Kan, Emmett Shear Mobile & Apps Investment
68 $500,000 SimplyCast Atlantic Canada Opportunities Agency Marketing Investment
69 Undisclosed 3Discovered Consortium Transactions Investment
70 Undisclosed 5nine Consortium Software & Services Investment
71 Undisclosed Appia Mandalay Digital Mobile & Apps Acquisition
72 Undisclosed Augumenta Butterfly Ventures Software & Services Investment
73 Undisclosed Cbazaar.com Consortium Ecommerce Investment
74 Undisclosed DocuSign BBVA Ventures Transactions Investment
75 Undisclosed H2O.ai Consortium Software & Services Investment
76 Undisclosed iSocket Rubicon Project Marketing Acquisition
77 Undisclosed Lockbox High-Tech Gruenderfonds Transactions Investment
78 Undisclosed Relay Kik Interactive Mobile & Apps Acquisition
79 Undisclosed Rete+Pay Consortium Transactions Investment
80 Undisclosed Shiny Ads Rubicon Project Marketing Acquisition
81 Undisclosed SimScale Consortium Software & Services Investment
82 Undisclosed Uversity Consortium Software & Services Investment

More information

  1. Sentient Technologies Raises $103.5M in Series C Funding (FinSMEs)
  2. Pluralsight Acquires Smarterer for $75M (FinSMEs)
  3. Prezi Raises $57M in Funding (FinSMEs)
  4. Bigcommerce Raises $50M in Series D Funding (FinSMEs)
  5. CipherCloud Raises $50M in Financing (FinSMEs)
  6. LiveAuctioneers Raises $47.6M in Funding (FinSMEs)
  7. Kik Interactive Acquires Relay; Raises $38.3M in Series C Funding (FinSMEs)
  8. Teespring Raises $35M in Series B Financing (FinSMEs)
  9. Endgame Closes $30M Series C Equity Financing (FinSMEs)
  10. OrderWithMe Announces $28M in Additional Financing (Tech Cocktail)
  11. Host Analytics Completes $25M Venture Capital Financing Round (FinSMEs)
  12. Shift Secures $23.75M in Series A Financing (FinSMEs)
  13. Blockstream Raises $21M in Seed Funding (FinSMEs)
  14. Accompani Raises $15M in Series B Funding (FinSMEs)
  15. Eyeview Receives $15M in Financing (FinSMEs)
  16. Kensho Receives $15M Investment (FinSMEs)
  17. Veradocs Raises $14M in Financing (FinSMEs)
  18. InsightSquared gets $13.5 million to continue growing its business intelligence platform (Beta Boston)
  19. Oriel snapped up in multimillion-dollar BigAir deal (CRN)
  20. Flywheel Closes $12M in Series C Funding (FinSMEs)
  21. Ve Acquires GDM Digital for $12M (FinSMEs)
  22. V-Key Raises $12M in Series B Funding (FinSMEs)
  23. Redbooth Raises $11M in Series B Funding (FinSMEs)
  24. Menlo Security Closes $10.5M Series A Funding (FinSMEs)
  25. PocketMath Raises US$10M in Funding (FinSMEs)
  26. Glossier Closes $8.4M in Series A Funding (FinSMEs)
  27. Cue Raises $7.5M in Series A Funding (FinSMEs)
  28. FiscalNote Raises $7M Series A Funding (FinSMEs)
  29. LeddarTech Completes $7M Equity Financing (FinSMEs)
  30. Readify’s $7m capital raising to help fund Folk partnership (BRW)
  31. Bloc Raises $6M Series A funding (FinSMEs)
  32. RealScout Raises $6M in Series A Financing (FinSMEs)
  33. Recsolu Closes $6M Series A Funding (FinSMEs)
  34. Dual Aperture International Raises $5.7M in Series A Funding (FinSMEs)
  35. Memoir Raises $5.5M in Series A Funding (FinSMEs)
  36. Made Television Raises £3.5M in Funding (FinSMEs)
  37. ContactLab Raises €4M in Funding (FinSMEs)
  38. Breezeworks Raises $5M in Funding (FinSMEs)
  39. Marley Spoon Raises €4M in Series A Financing (FinSMEs)
  40. Obillex Raises £3m in Funding (FinSMEs)
  41. CompStak Closes $4.4M Funding (FinSMEs)
  42. AllUnite Raises €3M in Series A Funding (FinSMEs)
  43. Dispatch Closes $3.1M Seed Funding (FinSMEs)
  44. Assembly Raises $2.9M in Funding (FinSMEs)
  45. doForms Closes $2.7M in Second Round of Funding (FinSMEs)
  46. Mainframe2 Raises $2.2M in Seed Funding (FinSMEs)
  47. Alfred Closes $2M in Funding (FinSMEs)
  48. bitHound Closes over $2m Seed Funding (FinSMEs)
  49. Evollve Completes $2M Series A Funding (FinSMEs)
  50. Flashback Technologies Closes $2M Series A Financing (FinSMEs)
  51. MicaSense Raises $2M in Series A Funding (FinSMEs)
  52. Mirador Financial Raises $2M in Seed Funding (FinSMEs)
  53. Self Care Catalysts Raises CDN$2M in Seed Funding (FinSMEs)
  54. Scott Farquhar leads SafetyCulture’s latest $2 million funding round (Startup Daily)
  55. Risparmio Super Raises €1.375M in Funding (FinSMEs)
  56. Clef Secures $1.6M in Seed Funding (FinSMEs)
  57. Better Mobile Security, Inc. Closes $1.5 Million Seed Round Funding – Company is First to Market with Endpoint Security Solution for Apple iOS 8 That Stops Advanced Targeted Attacks Such as “Masque” and “Wirelurker” Malware. (BusinessWire)
  58. Oppex Raises $1.5M To Let You Search For Sales And Tender Opportunities In The Public Sector (TechCrunch)
  59. Fitmo Raises €1.2M in Funding (FinSMEs)
  60. Apto Raises $1.4M in Series A Funding (FinSMEs)
  61. Vidcoin Raises €1M in Funding (FinSMEs)
  62. Google Glass rival LaForge Optical nabs $1.1M for its prescription smart glasses (VentureBeat)
  63. Atlas Wearables Raises Another Million For Its Smarter Fitness Tracker, Starts Shipping This Winter (TechCrunch)
  64. Heirloom Raises $1M in Seed Funding (FinSMEs)
  65. MagicEvent.com Raises $1M (FinSMEs)
  66. Sharetribe Raises $1M in Seed Funding (FinSMEs)
  67. WeMail Raises over $1M in Funding (FinSMEs)
  68. SimplyCast.com Raises $500K (FinSMEs)
  69. 3Discovered Closes External Financing Round (FinSMEs)
  70. 5nine Software Raised Financing (FinSMEs)
  71. Mandalay Digital to Acquire Appia (FinSMEs)
  72. Augumenta Raises First Financing (FinSMEs)
  73. Cbazaar.com Raises Series B Funding (FinSMEs)
  74. DocuSign Receives Investment from BBVA Ventures (FinSMEs)
  75. H2O.ai Raises Series A Funding Round (FinSMEs)
  76. Rubicon Project Buys iSocket and Shiny Ads to Automate Ad Buys (Wall Street Journal)
  77. Lockbox Raises Seed Financing (FinSMEs)
  78. Kik Interactive Acquires Relay; Raises $38.3M in Series C Funding (FinSMEs)
  79. Rete+Pay Receives Investment (FinSMEs)
  80. Rubicon Project Buys iSocket and Shiny Ads to Automate Ad Buys (Wall Street Journal)
  81. SimScale Raises Venture Capital Funding (FinSMEs)
  82. Uversity Raises Additional Financing (FinSMEs)

An app for an app

Commentary

In 2013, while in a brewing turf war against Uber, Lyft, SideCar and other ride-sharing companies, cab companies in the San Francisco Bay Area fought back with help of another app called Flywheel. Just like Uber, Lyft and other ride-sharing apps, Flywheel lets customers request a cab using their smartphones. The app will show where the driver is located and allows the customer to track the driver as he gets closer. Payments are made via credit card stored on the app. According to its creators, Flywheel has many advantages against its competitors: it works with legitimate taxis that are already out on the streets and available at all times; they have professional, licensed drivers and not random drivers in their personal cars; their rates are standard and there’s no surge pricing unlike Uber. While its CEO Rakesh Mathur acknowledges that Uber could be the best thing that happened to the taxi industry because it forced them to improve their services, he hopes that Flywheel will be the app that will help to truly modernise the industry.

And while Uber reels from its public relations disaster last week, Flywheel happily drove away with a $12 million Series C funding from a consortium of investors. The funding is simply a validation that Flywheel is on the right track. With the new funding, the company hopes to expand its service nationwide.