Raise Report: Yotpo, Leanplum, Globality Secure New Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Friday, Nov 3: Globality Picks Up $35 Million to Connect Corporations with Small Service Providers
Investors included THK Equities and Raine Ventures, according to a press release. Globality provides an AI-driven platform that matches multinational corporations with smaller service providers when corporations need to be sure they’re working with effective partners at a local level. The money is being used for hiring and to expand the company’s consulting service.
Monday, Nov 6: ChartMogul Locks Down $2.2 Million for Subscription Analytics
Alven Capital led the round, TechCrunch reported. ChartMogul offers a dashboard that helps digital companies selling subscriptions keep track of all the data involved in a subscription-backed business model. The company will use the funding to grow its staff and open a U.S. office.
Wednesday, Nov 8: Leanplum Scores $47 Million for Mobile Marketing Solutions
Norwest Venture Partners led the Series D round, AdExchanger reported. Leanplum provides a whole suite of mobile-marketing features that can help digital companies with messaging, personalization, analytics, and more in order to drive customer engagement. Leanplum will invest the capital in its product, particularly in AI-backed capabilities.
Wednesday, Nov 8: Yotpo Raises $51 Million for Customer-Engagement Platform
Access Industries led the series D round. Yotpo, which allows companies to collect data from their customers that can then be repurposed for marketing and continual customer engagement, will use the funding to improve its product and open additional offices, Finance Magnates reported.
Friday, Nov 10: Spirited Media Secures $1.8 Million to ‘Reimagine’ Local News
Gannett, Patch, Peter Horan and founders Jim and Joan Brady participated in the round, The Wall Street Journal reported. The company manages local newsrooms in Philadelphia, Denver, and Pittsburgh. It is using the money to reshape its business in hopes of finding a sustainable business model, following recent cuts in staff. Spirited Media intends to launch a tiered membership program to generate new revenue.
Tuesday, Nov 14: Roomi Snaps Up $11 Million to Help Users Find a Roommate
Atami Capital led the Series A round, VentureBeat reported. Roomi is a platform that helps users connect with people living in their area who are interested in sharing a place of residence. The funds will be used to help the company expand across the U.S. and abroad.
Tuesday, Nov 14: Choozle Rakes In $6 Million for Self-Serve Programmatic Platform
Undisclosed investors participated in the Series B round, AdExchanger reported. The funding will help Choozle grow while accelerating product development.
Joseph Zappa is Street Fight’s news editor.
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