Raise Report: Frontify, Instacart, Machinify Score New Funding
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Machinify Rakes In $10 Million to Organize Your Data
Battery Ventures led the Series A round, TechCrunch reported. Machinify will put the money toward growth as it seeks to reimagine how enterprises process and draw insights from reams of data.
Frontify Raises $8.3 Million to Cultivate Brands
Blossom Capital led the Series A round, TechCrunch reported. Frontify will use the money to expand its product suite, which helps brands more efficiently manage their branding strategies.
Mapify Snaps Up $1 Million to Socialize Travel
A jumble of angel investors and funds provided the seed money, EU Startups reported. Mapify aims to put all the world’s travelers on a social network that can enhance the travel experience. It’s using the funding to grow its team in Berlin and LA.
Netlify Locks Down $30 Million for Next-Gen Website Dev Platform
Kleiner Perkins led the Series B round, VentureBeat reported. Netlify basically makes developers’ jobs easier, taking care of the logistics involved in creating a website following the initial phase of coding.
Journal Snags $1.5 Million to Keep Track of Your Digital Life
Social Capital led the round, TechCrunch reported. Journal is a personal search engine that allows users to search all their digital properties, helping those of us who sometimes forget whether that message from our boss was sent via email, Slack, or Google doc.
Paperspace Scores $13 Million to Power AI-Driven Applications
Battery Ventures led the round, CRN reported. Paperspace’s tech will provide the infrastructure for companies offering the AI-powered solutions of the next generation.
Instacart Secures $600 Million As Challenge from Amazon Looms
D1 Capital led the round, Fast Company reported. Instacart will double its engineering team and expand its place in the Canadian market.
Joe Zappa is Street Fight’s managing editor. Follow him on Twitter @joe_zappa.
Has your company recently raised a new round? Send press releases and other info to [email protected] and tell us all about it.
