Raise Report: Fresh Funding for YotPo, Amplitude, When I Work
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Friday, June 3: Recharge Hauls In $2.3 Million for Buy-the-Minute Hotel Booking
Recharge, which allows users to book hotel rooms for stays as short as a few minutes, has raised $2.3 million in seed funding, TechCrunch reported. Binary Capital led the round. Recharge is in the process of adding hotel partners, with which it splits the profits from its bookings, to a list that already includes Hyatt and Starwood Properties.
Wednesday, June 8: When I Work Racks Up $15 Million to Help SMBs Schedule Work Hours
When I Work, based in St. Paul, has raised $15 million in new funding for its shift-scheduling software. The startup plans to do big things with its latest round, aiming to double its staff and open additional offices, the Star Tribune reported. Drive Capital led the Series B round.
Wednesday, June 8: Amplitude Attracts $15 Million for Analytics
Amplitude announced $15 million in series B funding last week from Battery Ventures, according to TechCrunch. Amplitude aims to provide actionable data for businesses that can be understood by a wide range of team members, including but not exclusive to data scientists. With the round, Amplitude also announced the launch of Pathfinder, a new product that shows businesses how users are navigating their sites.
Tuesday, June 14: YotPo Secures $22 Million for User-Generated Content Management
YotPo, which helps sites drive traffic by encouraging and curating content submitted by their users, has raised $22 million in new funding, VentureBeat reported. YotPo will use the cash to fast-track product development and expand its sales staff. Bessemer Venture Partners led the round.
Wednesday, June 15: Qloo Scores $4.5 Million for Marketing Recommendation Service
Qloo, which provides marketers with insights on what cultural activities and entertainment consumers might be interested in, has raised $4.5 million in Series A funding, New York Business Journal reported. Actor Leonardo DiCaprio and Starwood Hotels founder Barry Sternlicht were among the round’s investors.
Thursday, June 16: Performance Horizon Picks Up $15.4 Million for Marketing Management
Performance Horizon, which helps large-scale companies coordinate their marketing efforts, has raised $15.4 million in Series C funding, AdExchanger reported. The startup will put the round, provided by firms including Greycroft Growth, Mithril, and DN Capital, toward doubling its staff.
Thursday, June 16: ShipBob Locks Down $4 Million for Small-Retail Shipping
Chicago-based Shipbob has raised $4 million in Series A funding for a shipping service that helps small online retailers compete with the likes of Amazon Prime, according to TechCrunch. Hyde Park Venture Partners led the round, which will help ShipBob grow its business.
Joseph Zappa is Street Fight’s news editor.
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