Raise Report: New Funding for DoorDash, ZenBusiness, Tinyclues
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Feb 21: Intello Locks Down $1.3 Million to Help Companies Manage SaaS Spend
Emerge led the round of seed funding, TechCrunch reported. Intello provides companies a dashboard on which to keep track of the many technological solutions they deploy to run a business effectively in 2018. Intello will build its engineering, sales, and marketing teams.
Feb 22: Tinyclues Raises $18 Million for AI-Powered Marketing
EQT Ventures led the Series B round, Tech EU reported. The marketing tech company’s software helps brands target customers more effectively. The company will use its funding to bolster product development and expand its hold on the US and European markets.
Feb 26: ZenBusiness Rakes In $4.5 Million to Help Small Businesses Get Off the Ground
Lerer Hippeau led the round of seed funding, TechCrunch reported. The company charges nascent businesses $10 per month in exchange for information regarding all the paperwork to which they must attend in order to operate in a given state.
Feb 27: Industrious Scores $80 Million to Offer Premium WeWork Alternative
Riverwood Capital and Fifth Wall Ventures led the round, Axios reported. Industrious is focused on “growing the pie,” its CEO told Axios. The company bills itself as a premium product, compared to WeWork’s perhaps broader appeal.
Feb 28: Virtualitics Secures $7 Million for VR-Enhanced Data Visualization
Centricus led the Series B round, LA Business Journal reported. Virtualitics provides a data visualization solution that enterprises can use to take their analytics efforts into the next dimension. Virtualitics will continue to improve its product and seek new clients.
March 1: DoorDash Snaps Up $535 Million from SoftBank
SoftBank led the round, Bloomberg reported. The funding values DoorDash at $1.4 billion, cementing its position as a leader in food delivery. DoorDash will use the funding to stay competitive in a field that includes Amazon, Uber, and GrubHub.
March 6: Justworks Picks Up $40 Million to Simplify Back-Office Operations
FirstMark Capital led the Series D round, VentureBeat reported. Justworks pitches itself as an all-in-one back-office management platform. The funding will allow Justworks to expand and invest in its product.
Joe Zappa is Street Fight’s managing editor.
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