Raise Report: New Funding for Gusto, PepperTap, Innovid
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Monday, December 14: Vidyo secures $15 million to increase workplace efficiency
Vidyo, which sells video software to companies aiming to add the medium to their workplaces, has raised $15 million in new funding, the New York Business Journal reported. Vidyo has proved particularly compatible with health-care companies, which use its integration and application capacities to better manage medical records and hone ICU-monitoring software, New York Business Journal explains. Kaiser Permanente Ventures, Menlo Ventures, QuestMark Partners, Rho Ventures and Sevin Rosen Funds contributed to the round.
Thursday, December 17: Bringg bags $5 million to enable on-demand delivery
Bringg, a platform that lets local businesses deliver on demand, has netted $5 million in series A funding, according to a company press release. Bringg works with businesses in over 80 countries and will use the funding to grow its staff and increase the scale of its operations in New York and Tel Aviv. Seed investor ITURAN and a number of undisclosed investors contributed to the round.
Monday, December 21: Gusto joins unicorn club with $50 million in fresh funding
Gusto, a payroll and tax management platform for businesses, has secured $50 million in Series B funding, Buzzfeed reported. CEO Joshua Reeves told Buzzfeed that the round has strengthened Gusto’s relationships with key investors. Google Capital and General Catalyst Partners supplied the funding.
Monday, December 21: CellSavers rakes in $3 million for on-demand smartphone repair
CellSavers, a fleet of smartphone repair technicians available to fix customers’ mobile devices at the click of a button, has raised $3 million in seed funding from Sequoia Capital Israel, according to a company press release. Yet another addition to the on-demand economy, CellSavers works like Uber, offering an efficient online booking process and vetted staff members who will come to app users’ homes or workplaces to repair their phones. With the funding, CellSavers will expand to new cities and fortify its technological infrastructure.
Monday, December 21: PepperTap picks up $40 million for grocery delivery
On-demand grocery delivery service PepperTap has closed a $40 million Series B round, India’s Economic Times reported. InnoVen Capital, SnapDeal, Sequoia India, and SAIF Partners were among the round’s investors. PepperTap recently announced its acquisition of Indian grocery delivery rival Jiffstore. Going forward, the company will look to collaborate with startups in other verticals in order to offers its customers rewards.
Tuesday, December 22: Happy Home Company hauls in $3.5 million to ease home maintenance
The Happy Home Company, which assigns “home managers” to customers looking to improve and maintain their residences, has raised $3.5 million in seed funding, TechCrunch reported. The company’s home managers advise customers on what needs fixing in their homes and what sort of professional is most qualified to do the job. Lowercase Capital and Freestyle Capital were among nearly a dozen investors to contribute to the round, which will fuel the startup’s expansion beyond the Bay Area.
Wednesday, December 23: Video advertising manager Innovid scores $27.5 million
Innovid has racked up $27.5 million in fresh capital, according to TechCrunch. Innovid works with companies as influential as Best Buy and Walmart, sculpting their video advertising campaigns so that they most effectively hit the TV and computer screens of consumers. New Spring Capital, Cisco Ventures, Sequoia Capital Israel, Genesis Partners and T-Venture contributed to the round, which Innovid will use to increase the size of its 200-employee staff.
Joseph Zappa is an editorial assistant at Street Fight.
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