Raise Report: New Funding for Freshly, BevSpot, Universal Avenue
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, July 5: Key Concierge Clinches $3.7 Million for Series A
Key Travel Concierge, an on-demand personal assistant for travelers that can recommend local services, has raised $3.7 million in new funding from a slew of investors including Wildcat Venture Partners and ATX Seed Ventures, Austin Business Journal reported. The funding will help Key continue to refine its product and expand.
Wednesday, July 6: Homee Racks Up $5 Million for Interior Design Service
Homee, which deploys bots to help users design their homes and hooks them up with furniture retailers, has raised $5 million in a Series A round led by Founders Fund, according to a press release. Homee will use the round to grow its staff.
Thursday, July 7: BevSpot Brings In $11 Million to Keep the Local Tap Flowing
BevSpot, an inventory management system for hospitality businesses, has raised $11 million in Series B funding, VentureBeat reported. Bevspot will use the capital, provided in a round led by Bain Capital Ventures, for product development and market growth.
Thursday, July 7: CoolaData Secures $5.6 Million for Behavioral Analytics Platform
CoolaData, a platform on which business owners can visualize and act on the behavioral trends of their customers, has raised $5.6 million in funding, the company reported on its blog. Salesforce Ventures and TEEC Angel Fund, among others, provided the capital. CoolaData will use this latest round to speed up growth and “extend its reach into IoT and enterprise applications.”
Tuesday, July 12: Freshly Finds $21 Million for Healthy Meal Delivery
Freshly, which distinguishes itself from the rest of the food-delivery crowd with salubrious dishes that take just two minutes to prepare, has raised $21 million in a Series B round led by Insight Venture Partners. Freshly will use the funds to expand beyond the 28 states in which it currently operates, TechCrunch reported.
Tuesday, July 12: Universal Avenue Raises $10 Million to Staff SMBs
Universal Avenue, which connects SMB owners with local sales professionals who can hop on board and represent their brand on demand, has secured $10 million in new funding from Eight Roads, which is part of Fidelity International, Tech EU reported. Universal Avenue will use the cash to expand into the United States later this year.
Wednesday, July 13: ColorTV Scores $1.5 Million for Smarter TV Advertising
ColorTV, which helps marketers move beyond conventional demographic-based TV ads and target viewers based on sharper analytics, has raised $1.5 million in seed funding from Foxconn, TechCrunch reported. The capital will help ColorTV continue product development.
Joseph Zappa is Street Fight’s news editor.
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