Raise Report: Standard Cognition, Clearbanc, WeWork Secure New Funding
Every two or three weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Clearbanc Raises $70M (TechCrunch)
- Investors: Emergence Capital, Social Capital, CoVenture, Founders Fund, 8VC, and others.
- What Clearbanc does: Gives money to startups that show revenue-generating potential in exchange for a share of revenue
- Purpose of the money: Expand abroad and build up data science capabilities.
WeWork Raises $3B (Business Insider)
- Investors: SoftBank
- What WeWork does: Provides temporary office space for startups and any other company or person in need of it
- Purpose of the money: Expand abroad and build up data science capabilities.
Sojern Raises $120M (AdExchanger)
- Investors: TCV Partners
- What Sojern does: Ad tech specifically engineered for the travel industry
- Purpose of the money: Expand globally and hire additional staff
Standard Cognition Raises $40M (VentureBeat)
- Investors: Initialized Capital
- What Standard Cognition does: Offers retailers cashierless checkout solution driven by AI
- Purpose of the money: Expansion of team and pursuit of new clients
SalonHQ Raises $2M (Salon Today)
- Investors: Panache Ventures
- What SalonHQ does: Mobile e-commerce platform that connects brick-and-mortars, consumers, and product suppliers
- Purpose of the money: Seed funding—will allow SalonHQ to add more tools to its suite and expand on its current 10,000-strong salon client base
Joe Zappa is Street Fight’s managing editor. Follow him on Twitter @joe_zappa.
Has your company recently raised a new round? Send press releases and other info to [email protected] and tell us all about it.
