Raise Report: Netsertive, EatStreet, Factual Secure New Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, December 1: News video marketplace Stringr collects $1.5 million
Stringr, a marketplace where media organizations can post tasks for videographers, raised $1.5 million in funding last week, TechCrunch reported. The site provides professional and budding video journalists with a space to score gigs and news organizations with an army of local video providers. Matter, Founder.org, and Signia Ventures furnished the capital, which will fuel a “nationwide push” for the company, which currently hosts 10,000 videographers.
Wednesday, December 2: Netsertive closes $24 million round for local digital marketing
Netsertive, a company that helps brands sharpen their digital marketing strategies at local channel locations, announced in a press release that it had concluded its Series C financing efforts, bringing its funding total up to $24 million. The latest round follows on the $15 million it raised in October. River Cities Capital Funds led the round, which will allow Netsertive to pursue strategic acquisitions, forge partnerships, and strengthen its platform.
Thursday, December 3: EatStreet scoops up $15 million to challenge GrubHub
Madison, W.I.-based EatStreet has landed $15 million in Series C funding, according to the Milwaukee Journal Sentinel. EatStreet is an online and mobile ordering platform for restaurants, similar to GrubHub. Lumia Capital and 4490 Ventures led the round, which will support EatStreet’s efforts to grow its staff of 110 to 140 over the next two months.
Friday, December 4: Flip locks down $300,000 to ease apartment search
New York City-based Flip, a marketplace that allows users to sell leases they no longer need and, on the other end, find leases without brokers, has launched with $300,000 in funding, New York Business Journal reported. Flip caters to millennials in particular. The company’s round comes from Joanne Wilson, Zachary Aarons, and Techstars, an accelerator program. Flip will use the money to grow its business and look into possible expansion to Boston, San Francisco, and Los Angeles.
Wednesday, December 9: Slash corrals $1.3 million for keyboard app
Slash, a keyboard app equipped with a search engine, raised $1.3 million last week, TechCrunch reported. Slash users can send messages on platforms like Apple’s iMessages replete with web links such as videos and news articles without opening a browser. Betaworks, SocialStarts, and Angels.io contributed to the round, which Slash will use to focus on growth. In the long term, CEO and founder Cem Kozinoglu hopes to build his company into the world’s most efficient search engine.
Thursday, December 10: Location data company Factual picks up $35 million
Factual, which bills itself as the “neutral” data company, announced $35 million in Series B funding Thursday, according to a company press release. Altpoint Ventures, Haystack Partners, and Upfront Ventures were among the round’s investors. Factual will use the capital to strengthen its data engineering and sales and marketing teams as well as power international expansion. The company’s “only business is enabling others to build great products,” Factual CEO and founder Gil Elbaz said.
Thursday, December 10: Student media organization The Tab scores $3 million
The Tab, which publishes articles by student journalists at British and American universities, has raised $3 million in its first round of funding, Business Insider reported. Founded as an online-only newspaper at Cambridge University in 2009, the Tab now operates on over 40 British and 20 American campuses. Balderton Capital led the round, which will fuel the organization’s expansion across the U.S.
Joseph Zappa is an editorial assistant at Street Fight.
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