Raise Report: New Funding for Upserve, Brandless, OnboardIQ
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Thursday, June 26: PromoRepublic Closes $1.2 Million Round
The social content discovery startup has raised a seed round from investors including Cecily Drucker, Nick Bilogorskiy, Aviram Jenik, David Lottenbach, Finnish Funding Agency for Innovation Tekes,Howzat Partners, Digital Future and Spring Capital. TechCrunch reported. PromoRepubliс “helps small businesses and marketers to shine on social media with professional visual posts for Facebook, eliminating the need to create them.”
Thursday, July 6: Upserve Adds to Its $40 Million in Past Funding to Bolster Restaurant Efficiency
Vista Equity Partners has invested an undisclosed amount in a new round of funding, BostInno reported. Providence-based Upserve makes software that helps restaurants understand how they can streamline services and provide a better experience for customers. The company will use its new funding to fuel continued growth, including new hires and potential acquisitions.
Thursday, July 6: OnboardIQ Closes $9.1 Million to Streamline Hiring of Hourly Workers
Origin Ventures led the Series A round, Axios reported. OnboardIQ offers a technological solution that helps businesses hire candidates for hourly work. The company has now secured a total $10.75 million in funding.
Friday, July 7: Josh.ai Locks Down $8 Million to Challenge Amazon and Google on Smart Homes
Undisclosed investors supplied the funding for the startup led by former Yeti collaborators Alex Capecelatro and Tim Gill, VentureBeat reported. The funding will support additional hires for Josh.ai, which makes a smart-home assistant that its founders call functionally superior to industry leaders such as the Amazon Echo and Google Home.
Tuesday, July 11: Datatron Takes in $2.7 Million for Data Intelligence Platform
A slew of investors including Start X, Credence Partners, Authentic Ventures, Enspire Partners, Plug and Play, and 500 Startups has contributed funding, TechCrunch reported. As it has just secured seed funding, the startup will likely continue to invest in its product and add to its early list of clients.
Tuesday, July 11: Brandless Raises $50 Million to Undercut Expensive Retail Brands
New Enterprise Associates, Redpoint Ventures, and others contributed to the round, Forbes reported. Online-only Brandless claims it is able to offer all its everyday consumer goods at the cheap price of $3 because it cuts out the logistical expenses incurred by brick-and-mortar brands.
Tuesday, July 11: Sendence Rakes in $1.5 Million to Simplify Data Analytics at Scale
Boldstart Ventures, Greycroft, Contour Venture Partners, Notation Capital, and Resolute Ventures contributed to the round of seed funding, TechCrunch reported. As data analytics startups pop up left and right, Sendence has emerged to help businesses coordinate among real-time applications, laying a technological infrastructure that the company claims can help businesses use a number of real-time apps without hitting scale-related roadblocks. Sendence’s next step is to court clients.
Wednesday, July 12: ZeroFox Scores $40 Million to Help Secure Social Media Accounts for Businesses
Redline Capital Management and Silver Lake Waterman led the Series C round, the Baltimore Sun reported. As businesses increasingly turn to social media for marketing and other purposes, ZeroFox helps them defend against security breaches and other attacks through social platforms. With the funding, ZeroFox will look to expand its client base around the world.
Joseph Zappa is Street Fight’s news editor.
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