bigtincan

bigtincan Raises $5 Milion of Series A Funding

bigtincan

A Round: $5,000,000

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Boston, Massachusetts - bigtincan, a mobile content solutions provider has raised $5 million of series A funding from Southern Cross Venture Partners.

bigtincan plans to use the new funds in increasing the adoption of its platform. As part of the funding deal, Bill Bartee, serial entrepreneur and managing director of Southern Cross Venture Partners, joined bigtincan’s board of directors.
Magisto

Magisto Raises $2 Million of Series D Funding

Magisto

D Round: $2,000,000

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Tel Aviv, Israel - Magisto, a fun and easy way to share your experiences through video editing and publishing app has raised $2 million of series D funding from Mail.Ru, a Russian Internet company focused on the Russophone segment of Internet.

The investment is designed to accelerate growth. In addition to the funding, Magisto has integrated its offering into Odnoklassniki, a wholly owned subsidiary of Mail.Ru Group.

Magisto is available bua magisto.com, and both in iphone and android stores.
ClubLocal

ClubLocal Raises $10.7 Million From GroupOn

ClubLocal

A Round: $10,700,000

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Encino, California - ClubLocal, a book and buy household services provider has raised $10.7 million of funding from GroupOn and from the founders of ReachLocal, Inc.

ClubLocal was founded in August 2012 and expanded its services from Dallas into the San Francisco Bay area and also plans to open in other cities in the U.S.

The company will now be owned by Serviz, Inc. and Zorik Gordon, the former founder and CEO of ReachLocal, Inc., and Michael Kline, the former founder and President Local Commerce of ReachLocal, Inc. will serve as the company’s CEO and President, respectively.
Moko Social Media

Moko Social Media Raises $8 Million

Moko Social Media

Seed: $8,000,000

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Perth, Australia - Moko Social Media, an international provider of Mobile Social Entertainment Platform has raised $8 million share placement to finance the company's new and developing projects.

According to its website, MOKO is different because it builds highly tailored mobile community applications that the generic social networks do not offer. MOKO then commercializes this with premium and targeted mobile advertising.

MOKO chairman Greg McCann said that by using share placement, the company will have a strong balance sheet that would support continued development of its projects, including REC*IT, RunHaven and Bluestreetreview.com.
Zenefits

Zenefits Raises $15 Million of Second Round Funding

Zenefits

Seed: $2,100,000
B Round: $15,000,000

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San Francisco, California - Zenefits, an HR and payroll management software has raised $15 million of series B funding from top angel investor Andreessen Horowitz and existing investors Maverick, and Venrock venture capital firms.

The new funding will be used to finance product development, sales and marketing strategies. Zenefits HR software is free and is currently used by more than 500 companies and more than 5,000 employees.

“Most HRIS systems are static; they aren’t connected to anything else. So when you update information in one place, it doesn’t update in others,” Parker Conrad, the co-founder of Zenefits said. “If you move or get married, that has to be changed with HR, payroll, medical insurance, life insurance, etc. It is a huge administrative headache that requires a full-time staff. With us, it all happens automatically.”
Cotap

Cotap Raises $10 M of Series B Funding

Cotap

B Round: $10,000,000

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San Francisco, California - Cotap, a simple and secure mobile messaging application for coworkers has raised $10 million of series B funding from Emergence Capital Partners and Charles River Ventures.

“There are 615 million knowledge workers in the world but 2.1 billion workers that are not ‘knowledge workers,’” says Jim Patterson, the co-founder and CEO. “It’s interesting that you have all these companies like IBM and even Google going after a relatively small piece of the pie. We’re looking at the other portion.”

Cotap has signed more than 6,000 companies to use the mobile for free. The startup made $5.5 million of series A funding last year..
Fitbay

Fitbay Raises $400 K of Series A Funding

Fitbay

A Round: $400,000

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Copenhagen, Denmark - Fitbay, social network that connects people of similar body types to help each other discover clothes that fit in size and style has raised $400,000 of series A funding from the founder of Just-Eat Jesper Buch and Nordic VC firm Creandum.

“It will primarily be financing product development — both the core team and a 2-3 additional hires. This includes both our web and mobile product. We are expecting our iOS app to launch in April 2014,” said by CEO Christian Wylonis.

The funding will be used for the product development and financing the beta stage.
GoCardless

GoCardless Raises $7 Million of Series B Funding

GoCardless

B Round: $7,000,000

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London, United Kingdom - GoCardless, a UK-based service that allows smaller merchants to easily set up interbank transfers for customers has raised $7 million of series B funding from new investor partners Balderton Capital, and existing investors Accel Partners and Passion Capital.

According to GoCardless CEO Hiroki Takeuchi, the new funding will be used in hiring new employees and for targeting new clients. GoCardless ia a graduate of the top incubation program YCombinator.

“London has strength in the fin-tech space,” Hiroki Takeuchi notes, pointing to the city’s position as one of the world’s biggest financial centers makes it ripe not only for forging partnerships and finding investors, but also for picking up talent among the ranks of disaffected City workers. “It was a combination of that and banking regulations that made sense for our business.”
ScoreBig

ScoreBig Raises $10 Millions of Funding

ScoreBig

C Round: $10,000,000

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Los Angeles, California - ScoreBig, the live entertainment industry’s first online marketplace for the safe and secure liquidation of unsold ticket inventory has raised $10 million of funding from Checketts Partners Investment Fund and backed by backed by Bain Capital Ventures and U.S. Venture Partners.

Aside from the new funding, long time board advisor and former Ticketmaster EVP David Goldberg has joined ScoreBig.com in the role of chief strategy officer.
ReferStar

ReferStar Raises $1.625 Million of Series A Funding

ReferStar

A Round: $1,625,000

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San Francisco, California - ReferStar, a SaaS based platform which tracks the candidate workflow, and provides a referral fee for successful hires, dramatically reducing costs and improving the efficiency of recruitment efforts has raised $1.625 Million of Series A Funding from Granicus Ventures.

The new funding will be used for international expansion and development of new products.
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    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

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