Raise Report: New Funding for Yieldify, Zosi, Adored, and Airbnb
In this new feature, every two weeks we’ll round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
6/25: Yieldify Raises $11.5 Million to Keep Customers Coming Back
Google Ventures and SoftBank Capital, which are among of the tech industry’s most influential investors, are backing Yieldify, a London-based startup that helps e-commerce businesses retain customers, according to TechCrunch. Yieldify, which reportedly saw a 480 percent growth in revenue last year, provides software that records online shoppers’ on-site and email conversions, allowing online marketplaces to understand where their clients are going. With the $11.5 million Series A, Yieldify will seek out new markets and staff members.
6/29: Airbnb Becomes Third-Highest-Valued Startup
A $1.5 billion fundraising round last month has catapulted home rental service Airbnb to the top rung among startups. With a private valuation of $25 billion, the company now comes in below only Uber and Xiaomi, a Chinese electronics distributor, Business Insider reported. The prodigious financial push will catalyze Airbnb’s efforts to expand across the globe, outmaneuvering a slew of legal restrictions along the way. General Atlantic Inc., Tiger Global Management and Hillhouse Capital Group were the largest participants in the round.
6/29: Onefinestay, Luxury Home Service, Locks Down $40 million Round
British luxury home rental service Onefinestay raked in $40 million last month, doubling the sum of its previous rounds and cementing its status as a startup on the rise, CNBC reported. Though not nearly as big as industry bellwether Airbnb, Onefinestay has carved out a niche market within home rental that puts it in a category of its own. In fact, with staff members to fill fridges, provide toiletries and lay down the company’s own linens for rentals — which cost an average of over $600 nightly — the company has positioned itself as an alternative to luxury hotels. Some of the very hotel chains it is competing with, such as Hyatt, contributed to the round, complemented by Intel Capital. With the new funding, Onefinestay looks to build upon its current set of cities, which include New York, Los Angeles, London, and Paris.
6/29: UrbanClap Collects $10 Million to Streamline Services Search in India
UrbanClap, a services marketplace for India, scored $10 million last month, building on a seed funding round of $1.6 million, TechCrunch reported. Founded only nine months ago by two former Boston Consulting Group employees and a Twitter engineer, the company seeks to fill a hole in India’s technological infrastructure, providing one digital place to find hundreds of different services, its founders say. With its newly acquired capital, UrbanClap will look to expand across India and hone a distinctive algorithm that studies its users’ behaviors and anticipates the services they need. SAIF Partners and Accel Partners, both of which contributed to seed funding as well, led the round.
7/2: Zozi Racks Up $30 Million to Expand Booking Tech
Travel management software developer Zozi secured $30 million in its latest fundraising round, empowering it to take on more clients, the New York Times reported. The startup already furnishes online booking software for thousands of companies in 90 countries, according to its website. Pritzker Vlock Ventures led the round, which places Zozi at the forefront of the $100 billion global tours market, Market Wired reported.
July 8. Adored lands $2.3 Million to Offer Customized Promotions
A $2.3 million seed round puts Manchester, N.H.-startup Adored in prime position to shake up the way technology informs local marketing strategies. Some of Boston’s most prominent investors, such as Boston Seed Capital, Kepha Partners and Matrix Partners, are backing the company, which uses Apple’s iBeacon technologies to offer restaurant and resort clients promotions based on their preferences, Xconomy reported. Currently active in only four metropolitan areas and manned by seven employees, Adored will look to expand across New England and build its engineering and sales teams with the funding, BostInno reported.
July 8. Lybrate raises $10.2 million to redefine health care delivery
Few local markets are as crucial to customers’ lives as the healthcare industry, and while most Americans can find a doctor nearby, many people in other countries aren’t so fortunate. Lybrate, which just scored $10.2 million in a round led by Tiger Global, seeks to solve that problem, streamlining the process by which Indians find doctors, schedule appointments and share their medical histories by putting those processes online, TechCrunch reported. The company will use the funding to sharpen its technology, grow its staff and expand its reach beyond its current roster of 80,000 doctors.
Joseph Zappa is an intern at Street Fight.
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