Raise Report: JumpCrew, Gamalon, Tailor Brands Score New Funding
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
May 8: JumpCrew Locks Down $5.4 Million to Expedite Sales
Hinsdale LLC led the round, according to a press release. JumpCrew offers an acquisition marketing platform that helps businesses lock down sales opportunities. The round will allow JumpCrew to up its head count by 100 and pursue strategic acquisitions.
May 8: Gamalon Raises $20 Million for Customer Message-Processing AI Solution
Intel Capital led the Series A round, VentureBeat reported. Gamalon’s solution allows businesses to digest millions of customer messages and respond to them effectively. Gamalon will use the funds for R&D and to build its sales and marketing teams.
May 9: Tailor Brands Rakes In $15.5 Million to Design Captivating Brands
Pitango Venture Capital led the Series B round, TechCrunch reported. Tailor Brands makes branding and marketing more efficient for small businesses through a machine learning-driven solution. The money will help Tailor Brands build out its solution and pursue global expansion.
May 15: Good Eggs Scores $50 Million for ‘Absurdly Fresh’ Groceries
Benchmark led the round, Recode reported. Good Eggs is a grocery deliver and meal kit service focused on organic and local products. The company will leverage its new capital to strengthen and expand its market position in California.
May 15: MemSQL Secures $30 Million for Real-Time Apps Database
GV led the Series D round, Silicon Angle reported. MemSQL helps enterprises collect actionable data efficiently by allowing for the simultaneous processing of transactions and operational analytics. The company will grow its staff across a range of departments.
May 16: Identity Security Company Auth0 Snaps Up $55 Million
Sapphire Ventures led the round, the Seattle Times reported. Auth0 provides a cybersecurity solution to protect enterprise employees’ identities at a time when anxiety about digital security is at an all-time high. Auth0 is expanding internationally.
May 16: Dashdash Snags $8 Million so Everyone Can Create Web Apps
Accel led the Series A round, VentureBeat reported. VentureBeat speculates that Dashdash’s interface will allow employees with little to no coding skills to create web apps that could make workplaces more efficient. Dashdash will use the funding to develop its product and hire more engineers.
Joe Zappa is Street Fight’s managing editor.
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