Raise Report: Foursquare, CrowdRiff, Mode 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 24: Qonto Rakes In $23 Million to Streamline Business Finances
Valar Ventures and Alven led the round, TechCrunch reported. The back-office solution helps freelancers and small companies take care of their finances with the efficiency of big players. Qonto will double its staff size.
Sept 24: Mode Raises $3 Million to Help Enterprises Access Sensor Data in Real Time
True Ventures led the round, TechCrunch reported. Mode helps businesses that want to get in on the Internet of Things build a cloud-based infrastructure that can help them make sense of reams of sensor data. Mode will grow its staff and invest in product development.
Sept 26: Instana Snaps Up $30 Million for App Performance Management
Meritech Capital led the Series C round, VentureBeat reported. Instana’s AI-powered solution helps enterprises ensure all their systems are running smoothly without much manpower on their own end. Instana will expand internationally.
Oct 2: Foursquare Locks Down $33 Million to Strengthen Its Position in Location Intelligence
Simon Ventures, Naver, and Union Square Ventures contributed funding, AdWeek reported. Once primarily a consumer-facing application for social buzz surrounding places visited, Foursquare’s bread and butter is now location-based solutions for enterprise. Foursquare is investing in R&D and connecting the many products it now offers.
Oct 3: Hopper Snags $100 Million for Travel Deals and Booking Platform
Omers Ventures led the Series D round, VentureBeat reported. Hopper helps travelers on the lookout for deals find the best ones around. Its new funding will go toward twofold staff expansion and global domination.
Oct 3: Stringr Scores Over $1 Million to Connect Media Orgs with Video
The Associated Press, Advection Growth Capital, McClatchy, and G5 Capital were among the round’s investors, according to a press release sent to Street Fight. Stringr allows media organizations to search for and purchase access to videos uploaded by both amateur and professional videographers. The money will help Stringr pursue integrations with partners and continued growth.
Oct 4: CrowdRiff Secures $9 Million for Visual Content Marketing
Leaders Fund led the Series A round, Tech Vibes reported. CrowdRiff’s platform helps tourism marketers discover and display the most enticing images on the Web to capture the attention of potential customers. CrowdRiff will invest in its product and seek out additional clients.
Joe Zappa is Street Fight’s managing editor. Follow him on Twitter @joe_zappa.
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