Raise Report: HYP3R, Postmates, Singular Secure Fresh Funding
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Sept 13: HYP3R Rakes In $17 Million to Streamline Payrolls
Structure Capital, Rokk3r Fuel, Thayer Ventures, Silicon Valley Bank, and others participated in the round, the company shared VentureBeat. HYP3R leverages geosocial information to help brands reach the most valuable potential customers wherever they happen to be. HYP3R is at work on expanding its location network so that its data-based strategy is among the most effective in the industry.
Sept 18: Postmates Raises $300 Million to Grow Even Faster
Tiger Global led the round, Fortune reported. The invest firm approached Postmates, the latter’s CEO told Fortune, saying the company decided to take the money and see what it could do with faster growth. Postmates, a prime example of the on-demand economy apps, connects users with locals who will run errands for them.
Sept 18: Singular Snaps Up $30 Million for Marketing Intelligence
Norwest Venture Partners led the round, TechCrunch reported. Singular wants to be the “layer on top” of various marketing applications that paints a comprehensible picture after all the other analytical programs do their work. Singular’s clients already include such big names as Twitter, Airbnb, and Lyft.
Sept 18: Tamr Locks Down $10 Million for Machine Learning-Based Data Analytics
Pear Tree Partners and Granite Hill Capital Partners participated in the round, VentureBeat reported. Tamr is one of a number of startups raking in the cash as it leverages AI to help companies make sense of reams of data in efficient and actionable ways. The money will help Tamr pursue rapid growth.
Sept 19: Wove Snags $9 Million to Help Marketers Hook Up
August Capital led the Series A round, AdExchanger reported. The company connects marketers who can benefit from each other’s first-party data in order to improve targeting. Wove will aim to hire a bevy of engineers.
Sept 19: Leena AI Scores $2 Million to Spur Operational Efficiency
Elad Gil and Snapdeal co-founders Kunal Bahl and Rohit Bansal were among the seed investors, TechCrunch reported. Leena AI’s tech helps companies automate certain HR functions. For example, it can replace employee inquiries about vacation time with chatbot responses. With the funding, Leena AI will scale up and seek new clients.
Sept 19: GitLab Secures $100 Million, Joins Unicorn Club
Iconiq Capital led the round, Reuters reported. The company styles itself as “the only single product” for development and operations. The company’s CEO told Reuters this round would “probably” be GitLab’s last before its IPO in November 2020.
Joe Zappa is Street Fight’s managing editor. Follow him on Twitter @joe_zappa.
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