Archive | November, 2014

Collaborative Consumption


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


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, Elance, oDesk and Fiverr, to name a few. Australia-based 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)CompanyInvestor/BuyerSectorDeal Type
1$103,500,000Sentient Technologies ConsortiumSoftware & ServicesInvestment
2$75,000,000SmartererPluralsightSoftware & ServicesInvestment
3$57,000,000PreziSpectrum Equity, Accel PartnersSoftware & ServicesInvestment
4$50,000,000Bigcommerce ConsortiumEcommerceInvestment
5$50,000,000CipherCloud ConsortiumSoftware & ServicesInvestment
6$47,600,000LiveAuctioneers Bessemer Venture PartnersTransactionsInvestment
7$38,300,000Kik InteractiveConsortiumMobile & AppsInvestment
8$35,000,000TeespringKhosla Ventures, Andreessen HorowitzTransactionsInvestment
9$30,000,000Endgame ConsortiumSoftware & ServicesInvestment
10$28,000,000OrderWithMe ConsortiumSoftware & ServicesInvestment
11$25,000,000Host Analytics ConsortiumSoftware & ServicesInvestment
12$23,750,000Shift ConsortiumTransactionsInvestment
13$21,000,000Blockstream ConsortiumTransactionsInvestment
14$15,000,000Accompani ConsortiumSoftware & ServicesInvestment
15$15,000,000Eyeview Marker LLCMarketingInvestment
16$15,000,000Kensho Goldman SachsSoftware & ServicesInvestment
17$14,000,000Veradocs ConsortiumSoftware & ServicesInvestment
18$13,500,000InsightSquaredConsortiumSoftware & ServicesInvestment
19$13,082,700Oriel BigAir GroupSoftware & ServicesAcquisition
20$12,000,000Flywheel ConsortiumTransactionsInvestment
21$12,000,000GDM DigitalVeMarketingAcquisition
22$12,000,000V-KeyAnt Financial Services Group, IPV CapitalSoftware & ServicesInvestment
23$11,000,000RedboothAltpoint Ventures, Avalon VenturesSoftware & ServicesInvestment
24$10,500,000Menlo Security General Catalyst Partners, Osage University PartnersSoftware & ServicesInvestment
25$10,000,000PocketMath Rakuten VenturesMarketingInvestment
27$7,500,000Cue ConsortiumHardware & InfrastructureInvestment
28$7,000,000FiscalNote ConsortiumSoftware & ServicesInvestment
29$7,000,000LeddarTech BDC Capital, GO CapitalHardware & InfrastructureInvestment
30$6,092,170ReadifyBlue Sky Private EquityMobile & AppsInvestment
31$6,000,000Bloc Shasta VenturesSoftware & ServicesInvestment
32$6,000,000RealScout ConsortiumTransactionsInvestment
33$6,000,000Recsolu First Analysis, Generations CapitalSoftware & ServicesInvestment
34$5,700,000Dual Aperture InternationalValue Invest Korea, eWBMHardware & InfrastructureInvestment
35$5,500,000Memoir ConsortiumMobile & AppsInvestment
36$5,479,425Made Television Ariadne CapitalMediaInvestment
37$5,016,420ContactLab Programma 101MarketingInvestment
38$5,000,000Breezeworks ConsortiumMobile & AppsInvestment
39$4,986,680Marley SpoonGlobal Founders Capital, Point Nine CapitalTransactionsInvestment
40$4,696,650Obillex Dawn Capital, MMC VenturesTransactionsInvestment
41$4,400,000CompStak ConsortiumTransactionsInvestment
42$3,754,905AllUnite Northzone, CoopMarketingInvestment
43$3,100,000Dispatch ConsortiumSoftware & ServicesInvestment
44$2,900,000Assembly ConsortiumSoftware & ServicesInvestment
45$2,700,000doForms UndisclosedMobile & AppsInvestment
46$2,200,000Mainframe2Columbus Nova Technology Partners, angel investorsSoftware & ServicesInvestment
47$2,000,000Alfred ConsortiumTransactionsInvestment
48$2,000,000bitHound ConsortiumSoftware & ServicesInvestment
49$2,000,000EvollveUndisclosedHardware & InfrastructureInvestment
50$2,000,000Flashback TechnologiesConsortiumSoftware & ServicesInvestment
51$2,000,000MicaSense ParrotHardware & InfrastructureInvestment
52$2,000,000Mirador FinancialConsortiumSoftware & ServicesInvestment
53$2,000,000Self Care CatalystsProsoft Development Inc.Software & ServicesInvestment
54$1,744,670SafetyCultureScott FarquharSoftware & ServicesInvestment
55$1,703,115Risparmio SuperLVenture, Qui!GroupTransactionsInvestment
56$1,600,000ClefMorado Ventures, angel investorsSoftware & ServicesInvestment
57$1,500,000Better Mobile SecurityHBS Alumni Angels, New York AngelsMobile & AppsInvestment
58$1,500,000Oppex Alma Media, Veturi Venture AcceleratorTransactionsInvestment
59$1,491,780Fitmo UndisclosedMobile & AppsInvestment
60$1,400,000Apto Mercury FundsMarketingInvestment
61$1,242,375Vidcoin ConsortiumMarketingInvestment
62$1,100,000LaForge Optical Somo OpticalHardware & InfrastructureInvestment
63$1,000,000Atlas Wearables JRG Capital PartnersHardware & InfrastructureInvestment
64$1,000,000HeirloomTencent, Eduardo VivasSoftware & ServicesInvestment
65$1,000, UndisclosedMarketingInvestment
67$1,000,000WeMailJustin Kan, Emmett ShearMobile & AppsInvestment
68$500,000SimplyCastAtlantic Canada Opportunities AgencyMarketingInvestment
69Undisclosed3Discovered ConsortiumTransactionsInvestment
70Undisclosed5nineConsortiumSoftware & ServicesInvestment
71UndisclosedAppiaMandalay DigitalMobile & AppsAcquisition
72UndisclosedAugumenta Butterfly VenturesSoftware & ServicesInvestment ConsortiumEcommerceInvestment
74UndisclosedDocuSign BBVA VenturesTransactionsInvestment ConsortiumSoftware & ServicesInvestment
76UndisclosediSocketRubicon ProjectMarketingAcquisition
77UndisclosedLockbox High-Tech GruenderfondsTransactionsInvestment
78UndisclosedRelayKik InteractiveMobile & AppsAcquisition
80UndisclosedShiny AdsRubicon ProjectMarketingAcquisition
81UndisclosedSimScale ConsortiumSoftware & ServicesInvestment
82UndisclosedUversityConsortiumSoftware & ServicesInvestment

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. Raises $1M (FinSMEs)
  66. Sharetribe Raises $1M in Seed Funding (FinSMEs)
  67. WeMail Raises over $1M in Funding (FinSMEs)
  68. 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. Raises Series B Funding (FinSMEs)
  74. DocuSign Receives Investment from BBVA Ventures (FinSMEs)
  75. 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


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.