Raise Report: Fresh Funding for Verve, Thrive Market, InVision
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Monday, June 20: Verve Lands $30 Million for Location-Based Mobile Marketing
Mobile ad company Verve, which uses location data to target ads, has announced that it has raised $30 million in debt financing from Silicon Valley Bank. The funding will fuel an international expansion of Verve’s operations and enable the company to make strategic acquisitions and technological upgrades. Following the raise, the company also announced that it had acquired beacon network Roximity.
Monday, June 20: Condeco Clinches $30 Million to Streamline Workplace Operations
Businesses small, medium, and large looking to get their houses in order can turn to Condeco, which raised $30 million in new funding last week. The company announced that it had received fresh funding from Highland Europe that will help it “accelerate … expansion across the U.S. and internationally.” Condeco builds technology that allows companies to better manage meeting schedules and other internal logistics.
Tuesday, June 21: InVision Builds Product Design Platform with $55 Million Series D
InVision, whose clients include the likes of Uber, Shopify, and Twitter, has raised $55 million in fresh funding, according to Built In NYC. The company helps its clients construct and critique new products by providing tools for internal communication and other uses. ICONIQ Capital led the round, which InVision will use to support its “aggressive product roadmap,” CEO and Co-Founder Clark Valberg said in a statement.
Wednesday, June 22: Lystable Secures $11 Million to Expand Into U.S.
Lystable, a SaaS startup founded in the U.K. that helps companies manage freelance and contractor labor, has raised $11 million to reincorporate as an American company and expand across the Atlantic. Valar Ventures and Goldcrest Capital led the round, TechVibes reported.
Thursday, June 23: Narvar Scores $22 Million for Online Retail Shipping Service
Narvar, which helps businesses selling goods online deliver efficiently, has raised $22 million in Series B funding, Silicon Valley Business Journal reported. Battery Ventures led the round, which will help Narvar catalyze product development and bolster sales and marketing efforts.
Monday, June 27: Thrive Market Raises $111 Million for Online Grocery Retail
Thrive Market, which sells organic groceries at cheap rates online, has raised $111 million in Series B funding, TechCrunch reported. Thrive Market will use the funds to strengthen its infrastructure and build out its content, which includes recipes and educational materials. Invus led the round.
Monday, June 27: Food Delivery Startup Farm Hill Hauls in $3 Million
Farm Hill, which focuses on healthy lunch delivery to individual workers and corporate teams, has raised $3 million, according to TechCrunch. Farm Hill will use the round to fuel its expansion from the suburbs of Northern California into urban San Francisco. StartX, Eagle Cliff Partners, SOMA Capital and Liberty City Ventures are among the startup’s current funding contributors.
Joseph Zappa is Street Fight’s news editor.
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