Raise Report: SessionM, Behalf, Postmates Secure Fresh Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, August 30: Petnet Picks Up $10 Million for Animal Food Delivery
Pets have to eat, too. Petnet, a customized food delivery service for animals, recently raised a new round led by Petco, VentureBeat reported. The funds will go toward Petnet’s expansion.
Tuesday, August 30: Behalf Scores $27 Million for Commercial Payment Platform
The company secured the new funds from Viola Growth, according to a press release. Specifically, Behalf is a point-of-sale system that works primarily with small businesses. It will use the fresh funding to invest in its sales, marketing, and business development teams and to develop its product.
Wednesday, August 31: Abodo Lands $4.8 Million for Real Estate Tech
4490 Ventures led the round for Abodo, whose tech facilitates the process of searching for an apartment. Abodo will use the funds to build its leadership team and add more developers to its operation, Wisconsin Technology Council reported.
Thursday, September 1: Boku Brings In $13.75 Million for Mobile Payment System
Boku raised the funding from some new investors as well as existing Silicon Valley players including Khosla Ventures, Benchmark Capital, NEA, Index Ventures, and DAG Ventures. The startup will use the funding to fuel growth, according to a press release.
Tuesday, September 6: Postmates Reportedly Raising $100 Million from Founders Fund
Postmates, a bellwether in the on-demand startup flock, is reportedly raising $100 million, according to TechCrunch. Unnamed sources told TechCrunch that Peter Thiel’s Founders Fund will lead the round. Postmates will presumably use the funding to grow and cement its market position as it fends off challenges from on-demand delivery rivals.
Tuesday, September 6: Divido Raises £2.5 Million to Make Retail Shopping Payments Gradual
The company, which allows a retailer to receive full payment upon point of sale for a given purchase while delaying the full payment for the consumer, secured the seed funding from Mangrove Capital and DN Capital, TechCrunch reported. Divide functions like a marketplace, allowing users to secure loans from other users.
Thursday, September 8: SessionM Scores $35 Million for Mobile Marketing
The startup, which engineers mobile loyalty programs and other marketing schemes for businesses, received the funds from General Atlantic, a global growth equity firm. SessionM intends to add over 200 employees to its staff, the Boston Globe reported.
Joseph Zappa is Street Fight’s news editor.
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