Raise Report: Deliveroo, Placester, Shiftgig Rake in Fresh Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Wednesday, November 18: Salido snags $2 million to make restaurants more efficient
Salido, which builds software capable of managing all aspects of a restaurant’s business, bagged $2 million in seed funding earlier this month, TechCrunch reported. Salido’s software purports to cover all of a restaurant’s needs, including reservations, deliveries, payment, inventory, and labor management. High Line Venture Partners led the round, which Salido will use to launch an API designed to integrate its software with the growing number of online ordering tools and expand its restaurant base from 50 to over 350.
Wednesday, November 18: TinyRx picks up $5 million seed to send meds to your door
Google Ventures, StartX, and 8 Partners have contributed $5 million in seed funding to TinyRx, a prescription delivery service, according to The Next Web. TinyRx will use the capital to scale its business, attempting to compete with brick-and-mortar industry staples like CVS as well as other similar startups like PillPack and Zipdrug. TinyRx identifies the cheapest price possible for users’ desired medications and delivers them to users’ doors.
Thursday, November 19: UrbanClap raises $25 million for on-demand home services
UrbanClap, an online home services platform targeting the burgeoning Indian market, announced $25 million in new funding earlier this month from Bessemer Venture Partners, Accel Partners, and Saif Partners, according to Business Standard. UrbanClap enables users to request the labor of professionals such as yoga trainers, dieticians, and party planners on demand. UrbanClap will use the cash infusion to double its staff, meet its ambitious goals of bolstering user engagement from 5,000 to 100,000 transactions per day, and grow its professional partnerships from 20,000 to 100,000.
Thursday, November 19: Le Tote locks down $15 million to keep women’s wardrobes fresh
Le Tote, a clothing delivery service that provides customers with a temporary set of new clothes for a fixed monthly rate, has raised $15 million in funding, Fortune reported. The self-described “Netflix for clothes” service allows customers to select various articles of attire and accessories from its inventory, receive them in the mail, and send them back in exchange for a new set of goods whenever they like. In a recent development, if customers particularly like the temporary clothes they receive, they can purchase them at full price. Le Tote will use the $15 million round to hire executives, strengthen its technological infrastructure, and scale its business operations, according to a press release. Accelerate-IT Ventures led the round, which brings Le Tote’s total funding to $30 million.
Monday, November 23: Deliveroo secures $100 million to bring gourmet food to your home
Deliveroo, an on-demand food delivery service that sources from restaurants without their own takeaway operations, has scored $100 million in Series D funding, Reuters reported. The round, led by DST Global and Greenoaks Capital, marks Deliveroo’s third this year. Deliveroo will use the funds to fuel an expansion to new cities in the Middle East, Asia, and Australia.
Tuesday, November 24: Placester racks up $27 million to put real estate on the web
Boston-based Placester locked down $27 million in Series C funding last week, its second round of the year, the Boston Globe reported. Placester builds websites for real estate agents looking for an online platform on which to market their work, in addition to sharpening their social media presence. With the funds provided by New Enterprise Associates and Romulus Capital, Placester plans to beef up its engineering team and bolster sales and marketing efforts.
Tuesday, November 24: Shiftgig closes $22 million to ensure every shift is covered
Shiftgig, a marketplace connecting users looking for temporary jobs with employers who need their labor, raised $22 million in Series B funding last week, VentureBeat reported. Shiftgig allows professionals in industries such as bartending, promo modeling, and housekeeping to pick up an individual shift at a local business. Renren led the round, which will allow Shiftgig to set up shop in several more U.S. cities beyond the eight it currently serves.
Joseph Zappa is an editorial assistant at Street Fight.
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