Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Crosscut Ventures raises $75M fund for early-stage tech and gaming startups in LA
Crosscut Ventures announced its new $75 million fund to invest in early-stage startups and seed investments in the Los Angeles area. The fund’s establishment shows there’s still interest in investing in Southern California startups and gaming enterprises as well.
Crosscut also announced that Clinton Foy is joining the team as a new managing director, bringing additional operating and gaming expertise to the Venice, California-based firm.
Snowflake raises $45M and makes its cloud data warehouse generally available
Snowflake Computing, a startup that has built data warehouse software based in the Amazon Web Services cloud, announced a new $45 million funding round and made its software generally available.
Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures participated in the new funding round.
Currency Cloud grabs $18M to help power global money transfers
London-based payments enabler Currency Cloud has closed a $18 million series C round, taking its total funding to $36 million since the company was founded in 2012.
The latest round was led by Sapphire Ventures, with participation from all of Currency Cloud’s existing investors, though one notable new investor has entered the fray — Japanese e-commerce titan Rakuten, which is participating through its Rakuten FinTech Fund.
Analytics startup Indix gets $15M to help ecommerce
Indix, a product analytics company for brands and retailers, announced today that it took in $15 million in a round led by Nokia Growth Partners. The funding will be used to hire data scientists and engineers, and to help the company grow, which Indix says has a 250 percent revenue increase.
Nexus Venture Partners and Avalon Ventures also participated in the round.
More: Indix
Envoy picks up $15M from Andreessen Horowitz for rapidly growing reception desk app
Envoy, a company that provides an iPad-based sign-in system for office reception desks, has raised $15 million from a single funder: Andreessen Horowitz.
Office reception desks might seem like a dry topic for a startup, but Envoy has seen enviable uptake among hot Silicon Valley companies — and well beyond. Customers include Airbnb (its first customer), Pandora, Heroku, Box, Eventbrite, New Relic, Medium, and Tesla. Andreessen Horowitz was a customer, too, even before it had invested.
AtScale raises $7M to simplify business intelligence on Hadoop
Hadoop is huge, as anyone interested in “big data” can tell you — but the open-source platform for storing vast quantities of unstructured data doesn’t make it easy for people to pull useful insights out of it.
That’s what AtScale aims to do, calling itself “the first company to allow business users to do business intelligence on Hadoop.” It may not be the first — Datameer, Tableau, and many others are aimed at enabling BI on Hadoop — but with a new series A round of $7 million in capital, AtScale is in the race and off and running.
SoloPro raises on $1.1M
Real estate startup SoloPro announced today at RealogyFWD, an annual summit for real estate technology, that it raised $1.1 million in a seed round. Oxpoint Investments and Buchanan Ventures led the round, and Blue Capital, Arnold Capital, and angel investors followed.
More: SoloPro
Mapping tool Mapme finds $1M to expand globally
Tel Aviv, Israel-based mapping platform Mapme announced today that it raised $1 million in seed funding led by Israeli investors Gigi Levy-Weiss and Daniel Recanati.
The platform’s beta is in over 30 countries and covers around 90 ecosystems. Mapme said the funds from the round will be used for global expansion and product development.
Blockchain Capital raises new $7M fund for startups using the blockchain
Blockchain Capital has raised a new $7 million fund to invest in startups that use blockchain technology for non-financial services. The new fund indicates that while investors are excited by Bitcoin and its technology, they aren’t waiting around for the currency to take off.
“The wallet has disappointed,” said Bart Stephens, partner at Blockchain Capital. He and his firm are looking for companies that are doing innovative work with blockchain technology that’s solving immediate problems.
The blockchain is a public ledger of tokenized transactions verified by Bitcoin miners. With Bitcoin it’s used to document the movement of Bitcoin from one entity to another and to verify ownership of Bitcoin, but the technology could be used in other settings. Already some startups are using it for secure document signing, and some have suggested it could be used for voting.
To date Blockchain capital has invested $1.2 million in startups like Xapo, Coinsetter, and Coinbase.
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