Saturday , 16 November 2019
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Funding Daily: The day everyone announced fresh cash

Funding Daily: The day everyone announced fresh cash

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Today’s funding deals:

What do you get when you put together one of the guys behind GuitarHero, the founder of a company that makes robots for cops, an M&A attorney, and a Palantir co-founder? Well, you get Leeo, a stealthy company in the “smart home” space that’s announced it has already managed to raise $37 million in funding from a handful of big names as well as strategic investors.

Read more on VentureBeat: GuitarHero co-founder raises $37M to jump into ‘smart home’ market

Mobile payments is arguably one of the hottest topics at the moment, and LightSpeed, a company that builds point-of-sale software for brick-and-mortal retailers, is joining the conversation. Today the company announced a $35 million round and plans to launch a new mobile payments service later this fall. “90 percent of retail still happens in the brick-and-mortar stores,” LightSpeed Dax Dasilva told VentureBeat in an interview. Today, LightSpeed is used in 20,000 stores, and its customers now process $7.5 billion in sales per year.

Read more on VentureBeat: LightSpeed picks up $35M to add mobile payments to its brick-and-mortar retail software

Video startup JW Player has raised a fresh $20 million round of funding to grow beyond its status as one of the most used non-YouTube video players. It’s a SaaS video platform, and it powers one of the largest open-source video players available, so the chances are pretty good that nearly everyone surfing the web has used it at least once before. The company claims that about five percent of all video streamed happens through its JW Player across 2 million sites to 900 million monthly unique viewers. JW Player is significant because it’s a solution for video publishers who find they can’t generate enough revenue through YouTube alone.

Read more on VentureBeat: With $20M, JW Player wants video publishers to look past YouTube

While some people take up knitting or watercolor painting as a hobby and creative outlet, others use their creative energy on their homes, with remodels and improvements., which views itself as a “home improvement network” for those creative homebodies, turns one year old today. Now thecompany is announcing its $27.6 million first round of funding, plus some new features.

Read more on VentureBeat: reveals it raised $27.6M last year, adds new features for homeowners

With all the talk about the algorithms that make big data sing, we usually overlook all the maintenance and cleaning up of the data that has to be done before even thinking about firing up the report engines. CrowdFlower is using crowdsourcing to simplify this process, and the company announced today that it has put together $12.5 million in funding to help it grow. Big data sounds great on the surface — a company might have a massive database of sales numbers and demographics. But invariably some data may be placed in the wrong fields, some fields may be left empty, and information might be incomplete or incorrect. You can’t really teach a machine to fix these types of things. You need human beings.

Read more on VentureBeat: CrowdFlower raises $12.5M for crowdsourced data scrubbing

ClassPass picks up $12M

ClassPass, a company that offers monthly subscription passes to various fitness classes in town, announced it has raised $12 million in new funding. A TechStars graduate, ClassPass began as a way for folks to discover classes, read reviews, and even sign up for classes. It eventually pivoted to its current form after the founders realized that paying for classes was the real pain point. Fritz Lanman and Hank Vigil led the round, with existing investors such as David Tisch, Kal Vepuri, and Shana Fisher also chipping in.

Read more on TechCrunch: ClassPass Lands $12 Million Series A Led By Fritz Lanman, Hank Vigil

The ambitious team at Verto Analytics raised $2.4 million in venture funding. To date, the Finland-based analytics player has raised $7.8 million since April of this year. Much of the funding has come from Open Ocean Capital and Conor Venture Partners.

Read more on VentureBeat: Finland-based Verto Analytics hauls in $2.4 million to grow itself in the U.S.

PeerSpace today announced a $1.5 million raise after launching its Airbnb-for-workspaces service to the public earlier this year. PeerSpace, currently only available in San Francisco, focuses on offering “inspiring, creative, and inviting spaces,” according to cofounder Matt Bendett. The company claims it has already won over noteworthy corporate users, including LinkedIn, Instacart, and General Assembly.

Read more on VentureBeat: PeerSpace raises $1.5M to build a marketplace for short-term workspaces

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