Venture Capital Update

Scottsdale, Arizona - Docufide, the leading provider of academic credential solutions to schools has raised $4.5 M of series A funding from early stage investor Novak Biddle Venture Partners and from education entrepreneur Matthew Pittinsky.

The financing is Docufide’s first institutional round. The funding will be used to add new teams and new market strategies.

Mountain View, CA – Raptr, the social platform for gamers that tracks gaming stats and connect gamers to other gamers has raised $15 M of series B funding from DAG Ventures, Tenaya Capital and previous investor Accel Partners.

“We’re excited to be backed by DAG Ventures, Tenaya Capital, and Accel Partners as we continue to grow Raptr into the preeminent gaming community worldwide,” said Dennis Fong, CEO of Raptr. “Along with the user growth of our application, we’re also now reaching over a million unique visitors a day on our website, and have expanded our presence into the mobile arena.”

New York, New York - Offermobi, the developer of a performance marketing network for mobile advertising has raised $1 million in series A funding from co New York-based ARC Angel Fund. The Chairman of ARC Angel Fund, Joseph R. Saviano will join Offermobi’s Board.

The funding will be used for Offermobi's continued development of its mobile marketing technology.

Toronto, Canada - Chango, a startup search marketing engine based in toronto, canada has raised $4.25 M Series B Funding led by Rho Canada, a division of Rho Capital Partners and was participated by iNovia Capital, Metamorphic Ventures, Extreme Venture Partners and 24/7 Media co-founder Geoff Judge.

“We are thrilled to welcome Rho as a new investor, given the firm’s successful track record in helping to build long-term value for startups like Chango. The funding will be used to further solidify our position as a leader in the fast-growing search retargeting market” said Chango’s Founder & CEO, Chris Sukornyk.

San Francisco, California - RentJuice, an online real state platform has raised $6.2 M of Series A Funding from Highland Capital Partners and with participation of Tim Draper.

David Vivero, cofounder and CEO of RentJuice stated that with the new capital, Rentjuice can speed up development of real-time rental platform and make it available to property managers and leasing agents all across the country.

San Francisco, California - Rdio, an unlimited,on-demand social music service for web and mobile devices has raised $17.5 M of series B funding from Mangrove Capital Partners and Atomico Ventures.

The funding will be used for new product platform development and for team expansion.

San Francisco, California - Path, a startup personal network has raised $8.65 M of series A funding from Kleiner Perkins Caulfield & Byers and Index Ventures.

Path will be using the new funding to fund its product and company development. Kleiner Perkins’ Chi-Hua Chien and Index Ventures’ Mike Volpi will join the company as board members.

New Delhi, India - Snapdeal, an online discount coupon website that offers discounted products and services in a daily basis has raised $12 million in venture funding from Nexus Venture Partners.

SnapDeal is India’s leading discount coupon platform for local services and products and the funding will be used for expansion in other cities in India.

Redwood Shores, California - Smaato, the startup mobile advertising company that operates the mobile ad optimization platform SOMA (Smaato Open Mobile Advertising) has raised $7 M of series B funding from Singapore-based VC firm EDB Investments (EDBI) and was backed up by Aeris-Capital.

The new funding will be used to finance the global expansion of Smaato. Smaato currently have offices in California, Singapore and Germany.

San Francisco, California - Crowd Factory, the start up social marketing application provider has raised $6.5 million in VC funding led by new investor Storm Ventures. Other investors includes Hummer Winblad Venture Partners, Peninsula Ventures and some angel investors.

Crowd Factory will use the funding to expand its development and marketing of its products.