Raise Report: New Funding for SOCi, ActionIQ, Chute, Looker
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, March 28: Picnic Secures €100 Million for Grocery Delivery
Dutch funds including NPM Capital, De Hoge Dennen, Hoyberg, and Finci supplied the Series B funding, which outranks by significant margins the funding raised by tech giants such as Uber and Snap in their Series Bs, The Next Web reported. The grocery-delivery company will use its new funding to expand the scale of its operations.
Wednesday, March 29: Chute Raises $4.1 Million to Help Brands Leverage User-Generated Content
Salesforce Ventures and existing investors contributed to the Series B funding round, VentureBeat reported. Chute brands itself as the “first end-to-end user-generated content marketing solution.” It will use the new infusion of capital to develop new features for its product.
Thursday, March 30: Looker Scores $81.5 Million for Data Analytics Platform
CapitalG, Alphabet’s growth equity investment fund, led the Series D round, according to a press release. The round also saw new investments from the likes of Goldman Sachs and Geodesic Capital. Looker will use the funding to develop its product.
Thursday, March 30: JoyRun Rakes in $8.5 Million for Food Delivery
Floodgate led the Series A round, TechCrunch reported. JoyRun differs from other food-delivery startups in that it connects people looking for deliveries with other app users who are already headed out for a bite.
Monday, April 3: ActionIQ Picks Up $13 Million to Help Marketers Make Sense of Big Data
Sequoia Capital led the round, VentureBeat reported. At a time when data is becoming more and more essential to doing good business across verticals, Action IQ makes software that helps marketers sort through large amounts of information. The SaaS company will put its new funding toward sales, marketing, and business development.
Wednesday, April 5: Snowflake Takes in $100 Million for Data Warehouse
Iconiq Capital led the Series D round with significant contribution from Madrona Venture Group, Fortune reported. Snowflake collects massive amounts of data and analyzes it, allowing the company to equip marketers with useful information about campaigns. The company will use this latest infusion of capital to bolster sales and marketing efforts.
Wednesday, April 5: Bus.com Lands $5 Million for Event Transportation Service
Jackson Square Ventures and BMW’s investment arm, i Ventures, led the Series A round, TechCrunch reported. Bus.com is a transportation service for companies and independent event holders looking to transport guests to their events.
Thursday, April 6: SOCi Raises $8.5 Million to Manage Social for Brands
Vertical Venture Partners and Grayhawk Capital led the round with participation from the Stanford University DAPER fund, Peninsula Ventures and Tallwave Capital, according to Finsmes. The company, founded by Afif Khouri and Warren Kay in 2012, “provides brands and digital marketing agencies with a SaaS platform to manage hundreds or thousands of social media pages and scalable solutions for content discovery, asset management, peak-time-scheduling, customer care, lead-generation, reporting and analytics, reputation management and half a dozen other features and functionalities.”
Joseph Zappa is Street Fight’s news editor.
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