Raise Report: Flow, Databerries, PlateIQ Secure New Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, March 14: EVRYTHNG Secures $24.8 Million to Expand Internet of Things
Sway Ventures led the Series B round, Business Insider reported. EVRYTHNG partners with manufacturers, assigning their consumer goods digital identities that can be used to track them and can key consumers into a digital network of products. The company will use its funding to court new partnerships and expand the inventory of products it manages.
Wednesday, March 15: Flow Rakes in $13 Million for Online Retail
Bain Capital Ventures led the round, VentureBeat reported. Flow makes software that helps retailers reach customers across borders through the Internet. The company’s API smooths over logistical barriers to internationalization such as determining currency rates, for example. With this latest round of funding, Flow will aim to expand its reach and build out its product.
Thursday, March 16: Helpling Scores €10 Million for On-Demand Home Services
Asia Pacific Internet Group led the round for the Berlin-based startup, Business Insider reported. Helpling connects cleaners offering housekeeping services with homeowners in need of a hand and will use its latest cash infusion to develop its brand.
Monday, March 20: PlateIQ Picks Up $4 Million to Help Digitize Restaurant Operations
Eileses Capital led the round, TechCrunch reported. PlateIQ offers a platform on which restaurants can streamline payments, accounting work, and front-of-house activities. The startup will use its latest funding to grow its staff and seek out new markets.
Tuesday, March 21: Databerries Takes in $16 Million for Mobile Ad Platform
Index Ventures led the Series A round, WWD reported. Headquartered in Paris, Databerries will put the funding toward a U.S. launch. The company offers a fairly standard mobile ad-tech solution, helping brick-and-mortar partners target and monitor the activity of consumers who come within their stores’ orbit.
Wednesday, March 22: Lynkos Raises $2.5 Million to Build a Business Network with AI
IC Ventures, Logitech Investments, and angel investors contributed to the round of seed funding, VentureBeat reported. The company, which commands a business network of over 2 million, uses automated web “crawlers” to collect data on businesses and enable connections and strategic opportunities. Lynkos will put the funding toward product development.
Thursday, March 23: Drivemode Lands $6.5 Million for Smartphone Car Tech
Panasonic led the Series A round, TechCrunch reported. Drivemode allows drivers to man their smartphones verbally while driving, increasing safety by allowing them to place calls and perform other mobile functions without removing their hands from the wheel. The company will use the funding to add features and build out its product.
Joseph Zappa is Street Fight’s news editor.
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