Raise Report: DemandBase, G2 Crowd, People.ai Score New Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, May 23: Frichti Secures $33.7 Million for Food Delivery
Verlinvest and Felix Capital participated in the round, TechCrunch reported. Frichti’s speciality is healthy meals, and it differs from many other food-delivery services in that it prepares all its meals in-house before delivering them. The company will use the funding to expand throughout Europe.
Wednesday, May 24: G2 Crowd Locks Down $30 Million to Make Buying Business Software Easier
Accel led the Series B round, The Chicago Tribune reported. G2 Crowd aggregates reviews of business software to help companies interested in buying such programs distinguish among them. G2 Crowd will use the funding to build up its platform.
Wednesday, May 24: Bulletin Raises $2.2 Million to Connect Retailers with Available Venues
Flybridge Ventures, Kleiner Perkins, Afore Ventures, and Y Combinator were among the investors in this round of seed funding, Mashable reported. Bulletin will use the money to scale beyond the New York City area, targeting Los Angeles in particular. The company connects primarily digital retailers with brick-and-mortar spaces for temporary use.
Thursday, May 25: DemandBase Scores $65 Million to Streamline B2B Marketing
Sageview Capital led the Series H round, AdExchanger reported. DemandBase will invest the funding in artificial intelligence technology, which is the foundation for a B2B marketing solution that helps businesses more effectively target clients.
Tuesday, May 30: People.ai Closes $7 Million Round to Optimize Sales Using AI
Lightspeed Venture Partners led the round, VentureBeat reported. People.ai leverages artificial intelligence to determine which behaviors are most likely to lead to successful sales. It will use the cash infusion to expand its engineering team.
Wednesday, May 31: StreamSets Takes in $20 Million to Make Big Data Actionable
New Enterprise Associates and Battery Ventures led the round, Venturebeat reported. StreamSets makes software that businesses can use to make sense of and act on vast amounts of data. The company will use this latest round to invest in its product and expand its reach across Europe.
Thursday, June 1: Julie Desk Rakes in €2.5 Million to Optimize Everyday Operations with AI
SIDE Capital, Entrepreneur Venture, and SAAS Lab provided the funding, TechCrunch reported. Julie Desk will invest the funds in its technology, which helps businesses automate administrative tasks such as scheduling meetings.
Joseph Zappa is Street Fight’s news editor.
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