Raise Report: New Funding for HelloFresh, Rent the Runway, Dynamic Yield
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, December 20: Never Eat Alone Locks Down $1.4 Million to Improve Workplace Culture
Elior Group provided the funds, which should help Never Eat Alone builds its staff of a dozen, VentureBeat reported. Never Eat Alone functions as a mobile app; businesses purchase a subscription, and employees can be matched with coworkers based on their interests.
Tuesday, December 20: HelloFresh Rakes In $88 Million for Meal-Kit Delivery
Returning investor Baillie Gifford and an undisclosed investor provided the funds, according to Tech EU. HelloFresh, now worth about $2 billion, will likely use the funds to build toward an IPO.
Thursday, December 22: Xplenty Lands $4 Milion to Help Businesses Collect and Manage Data
Bain Capital Ventures, Rembrandt Venture Partners, and True Ventures participated in the round, TechCrunch reported. The investment comes as Xplenty looks to continue building a case for itself as the best data integration solution for small- and medium-sized businesses without a large team of data specialists.
Thursday, December 22: Dynamic Yield Reins In $22 Million for Business Platform Personalization
Vertex Ventures and Claltech led the round, Internet Retailer reported. Dynamic Yield will use the funding to build its staff and expand geographically. Dynamic Yield’s clients use the company’s product to synchronize and personalize the consumer experience on their various digital channels.
Tuesday, December 27: Rent the Runway Picks Up $60 Million for Clothing Rentals
Fidelity led the round while Bain Capital Ventures and TCV contributed, Recode reported. Rent the Runway also recently launched a monthly subscription service for work attire. The company will use its new cash to grow its 1,000-person staff.
Wednesday, December 28: Byte Foods Secures $5.5 Million to Stock Vending Machines with Local Food
Spring Creek Investment Management led the round of seed funding, TechCrunch reported. Byte Foods produces software for smart vending machines that help determine inventories and restocking needs. It also delivers local culinary options for the machines. With the funding, Byte will spend the money on various initiatives for growth, which will include forging partnerships with food vendors.
Thursday, December 29: Numetric Scores $3.75 Million for Business Intelligence
EPIC Ventures led the round, according to a press release. Numetric helps not only businesses but also organizations such as governments and institutions of education manage data on their various operations. Numetric will put the funds toward growth.
Joseph Zappa is Street Fight’s news editor.
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