Raise Report: Fresh Funding for Branch Metrics, Spotcap, Geofeedia
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Wednesday, Jan. 27: Branch picks up $35 million to build up deep linking system
Branch Metrics has raised $35 million in a Series B round led by Founders Fund, according to a company press release. Branch provides a mobile deep linking system, allowing users to switch from one app to another the same way one clicks a link on the Web to hop from site to site. With the money, Branch hopes to double its 50-person staff by the end of 2016 and put its technology in the hands of more mobile users.
Tuesday, Feb. 2: Spotcap secures $31.5 million to get your business credit faster
Spotcap, which affords businesses credit through a streamlined, Internet-fueled process, has raised about $34 million in new funding, according to a company press release. Finstar Financial Group led the round, which Spotcap will use to “expand its operations globally and to finance its online business lending activities in Spain, the Netherlands, and Australia.”
Wednesday, Feb. 3: Geofeedia scores $17 million to sharpen social media campaigns
Geofeedia has raised $17 million in new funding, the Chicago Tribune reported. Silversmith Capital Partners led the round, which will help Geofeedia develop its technological infrastructure and hire more staff. Geofeedia offers a platform, accessible via annual subscription, that allows businesses to “monitor social media posts and other data tied to a specific location,” the Tribune reported.
Wednesday, Feb. 3: The Bouqs nabs $12 million to make sending flowers faster
The Bouqs, an on-demand flower delivery service, has raised $12 million in Series B funding, the LA Business Journal reported. The Bouqs will use its new capital to grow its supply network and grow its 40-person staff to about 50. Quest Venture Partners, Azure Capital Partners, KEC Ventures, Enspire Capital, and Draper Associates provided the funds.
Thursday, Feb. 4: La Belle Assiette soaks up $1.5 million to send a chef your way
La Belle Assiette, an on-demand chef service popular in Europe, has raised $1.5 million, according to EU startups. The French startup, which employs over 700 chefs, will use the funding to expand the parameters of its service, entering the event catering spaces of office lunches, buffets, and cooking classes. Kima Ventures and Cabiedes & Partners, among others, contributed to the round.
Thursday, Feb. 11: IdealSpot lands $1 million to streamline real estate market
IdealSpot has raied $1 million in seed funding, according to a company press release. IdealSpot facilitates real estate market interactions, helping retailers identify spots of high consumer interest in real time. ATX Seed Ventures led the round, which will allow IdealSpot to kick off its nationwide marketing campaign.
Thursday, Feb. 11: JANDI snags $2.5 million for business communication tool
Toss Lab has raised $2.5 million in seed funding for JANDI, TechCrunch reported. Similar to Slack and run by former members of a South Korean messenger app company, JANDI helps members of the same business team interact more effectively online. Qualcomm and HnAP provided the funds, which will be used to further develop JANDI’s platform, hire more developers, and fuel the company’s expansion across Asia, according to a press release.