Raise Report: Moz, Estimote, FiveStars Find Fresh Capital
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Friday, January 15: Estimote lands $10 million to bolster beacon platform
Beacon provider Estimote has raised $10.7 million in venture capital, according to GeoMarketing. Estimote’s “small wireless sensors” confer location-tracking capacities — accessible from a user’s smartphone — unto any object to which they’re attached. Estimote will use the funds to upgrade its product, shifting from a beacon platform to a “full stack location intelligence company,” Estimote SVP of Business and Operations Steve Cheney told GeoMarketing in September. Javelin Venture Partners led the round, TechCrunch reported.
Wednesday, January 20: Boxed secures $100 million to ship you months of groceries
Boxed, an ecommerce company selling groceries and other household goods in large units, has raised $100 million, Forbes reported. Among other investors, First Round Capital, GGV Capital, Light Street Capital and Safa Partners participated in the round. With the funding, Boxed will boost its “customer service operations” and staff size.
Wednesday, January 20: Citymapper scores $40 million to make city travel easy
Citymapper, which helps users navigate urban transportation systems in more than 30 cities, has raised $40 million in Series B funding, Business Insider reported. Index Ventures and Benchmark Capital combined with a few individual investors to close out the round. The capital infusion will fuel Citymapper’s product development, geographic expansion and staff growth.
Thursday, January 21: Olo locks down $40 million to power food delivery
Restaurant food delivery service Olo has raised $40 million, according to a company press release. The Raine Group provided the funds, which Olo will use to catalyze growth and develop its service. Olo’s corner in the crowded restaurant delivery startup space is multi-location companies. The startup partners with more than 150 restaurants.
Friday, January 22: FiveStars nabs $50 million to boost partners’ customer retention
FiveStars, a B2B rewards and deals service, has raised $50 million in new funding, VentureBeat reported. FiveStars enables its partner businesses to offer competitive deals that bolster their customer retention rates and sparked more than 35 million transactions in 2015. HarbourVest Partners led the round, which will allow FiveStars to expand its sales and engineering staffs.
Tuesday, January 26: HopSkipDrive hauls in $10 million to spare parents ride to school
HopSkipDrive, which allows parents to schedule rides for their children with drivers screened for safety, has raised $10 million in Series A funding, TechCrunch reported. FirstMark Capital and Upfront Ventures led the round. HopSkipDrive will use the capital to buttress expansion beyond Los Angeles and beef up its product development staff.
Tuesday, January 26: Moz snags $10 million to bring old-school businesses online
Moz, which crafts online marketing software, has raised $10 million in fresh funding, the Seattle Times reported. Existing investor Foundry led the Series C round. Moz will use the cash infusion to boost product sales. Moz’s most recent product helps brick-and-mortar businesses build market-savvy websites.
Joseph Zappa is an editorial assistant at Street Fight.
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