Raise Report: Pilot, Airtable, AdStage Secure New Funding
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
March 13: RapidAPI Locks Down $9 Million to Lend Developers a Hand
Andreessen Horowitz led the Series A round, VentureBeat reported. RapidAPI facilitates the process of app development by allowing developers to put all their open-source APIs in one place. The funding will help RapidAPI scale up and fuel the innovation it was founded to empower.
March 14: Pilot Raises $15 Million to Help Businesses Keep the Books in Order
Index Ventures led the round, TechCrunch reported. Pilot leverages 21st-century data-processing tech to take all the disorganization and headache out of bookkeeping for its clients. Pilot will use the funds to establish a solid foothold in a space that is likely to get more crowded.
March 15: Airtable Rakes In $52 Million for Workplace Efficiency App
Caffeinated Capital and CRV led the Series B round, Business Insider reported. Airtable claims its products can do for businesses what Microsoft did for personal computing, providing a suite of tools that make day-to-day operations more efficient. The capital will fuel hiring and product development.
March 15: TheSkimm Scores $12 Million for Millennial-Focused Newsletter
Google Ventures led the round, Recode reported. TheSkimm has amassed a following of millions by producing a digestible daily newsletter targeted at young women. The company is looking into launching subscription-based products.
March 19: Made.com Secures $56 Million to Sell High-End but Affordable Furniture Online
The lead investor was only identified as a new, top global firm, TechCrunch reported. Made.com describes itself as a site that allows consumers with high-end taste but not necessarily high-end budgets to buy fancy furniture online. Made.com is disrupting the furniture-selling industry, inspiring inspiration on the part of brick-and-mortar stores such as Ikea.
March 20: Chargebee Snaps Up $18 Million to Empower Subscription-Based Businesses
Insight Venture Partners led the Series C round, the Times of India reported. Over seven thousand companies use Chargebee’s tech to manage subscription payments. The capital will bolster product development, sales, and marketing.
March 22: AdStage Picks Up $3 Million for Marketing Management and Analytics
Forté Ventures, HubSpot, and Verizon Ventures led the round, MarTechSeries reported. AdStage’s platform allows paid marketers to gauge the efficacy of their efforts. The funds will support product development.
Joe Zappa is Street Fight’s managing editor.
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