Raise Report: Houzz, Quantifi, Pinterest Score Fresh Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Monday, June 5: Shipt Secures $40 Million for Grocery Delivery
Greycroft Partners led the round, VentureBeat reported. The Birmingham-based startup is hoping to compete with other grocery delivery companies such as Instacart by focusing on users outside major cities. It will use the funding to expand its service across the United States.
Tuesday, June 6: Pinterest Closes $150 Million Round as Potential IPO Looms
The Series H brings Pinterest’s valuation to a whopping $12.3 billion, Forbes reported. The funding will be used to help the visual-search juggernaut upgrade its technology and pursue global scale. Pundits speculate that Pinterest may IPO as soon as early 2018.
Tuesday, June 6: Quantifi Locks Down $2 Million for MarTech Solution
High Alpha Capital led the round, AdExchanger reported. Quantifi leverages artificial intelligence and other technologies to help business sharpen their digital advertising strategies. The company collected this round as it officially launched.
Thursday, June 8: Algolia Takes in $53 Million to Power Search Across the Web
Accel led the Series B round, TechCrunch reported. Founded in 2012, Algolia offers a highly effective search-engine API that has been adopted by the likes of Medium and Stripe. The round will help Algolia open a London office, court new clients, and develop its product.
Friday, June 9: Houzz Raises $400 Million to Disrupt Home Renovations
Iconiq Capital led the round, Recode reported. Houzz started out as a sort of Pinterest for home renovations, showing users photos of items they could place in their homes; today, the site presides over a rapidly growing e-commerce business, as the items displayed on its site are now being sold through the platform.
Tuesday, June 13: Clutter Rakes in $64 Million to Take the Hassle Out of Storage
Atomico led the round, which also saw participation from previous investor Sequoia, VentureBeat reported. Clutter, whose services can be booked online, picks up, stores, and returns customers’ possessions. The company will use the funding to expand into new markets, grow its staff, and develop its product.
Wednesday, June 14: Dispatch Scores $12 Million to Connect Homeowners with Local Services
ServiceMaster, GrandBanks Capital, and Salesforce Ventures participated in the Series A round, Fortune reported. Dispatch connects local home services providers with potential clients looking for repairs. The startup will use this latest round to expand its staff.
Joseph Zappa is Street Fight’s news editor.
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