Funding Daily: Today’s tech funding stories, in one place

Kia Kokalitcheva @imkialikethecar November 28, 2014 9:50 AM

Image Credit: Nick Ares

Here’s a list of today’s biggest funding stories, updated as the day unfolds. Tip us here if you have a deal to share.

Open data startup Socrata brings in $30M to make government data more accessible

Socrata, a startup working to make government data more easily accessible to companies and services, has raised $30 million in new funding. Socrata has raised at least $30 million out of possible $35 million it’s seeking to close, according to a filing it submitted today to the U.S. Securities and Exchange Commission. The filing lists Jai Das of Sapphire Ventures as a director.

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Narrative Science pulls in $10M to analyze corporate data and turn it into text-based reports

Narrative Science takes huge piles of numbers and makes summaries in the form of legible sentences and paragraphs. Until recently, it had focused that skill on generating newspaper articles based solely on box scores. But now it’s entered the stuffy realm of enterprise software, having been integrated with complicated IT architectures at financial services companies and government agencies, chief executive Stuart Frankel tells VentureBeat.

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Cream Finance raises $6.2M for its data-driven consumer lending in Eastern Europe

Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million) in new funding from Flint Capital. Cream Finance is the parent company of CreditOn, LendOn, and CreditOne, consumer credit services that operate in Latvia, Czech Republic, Poland, Georgia, and Slovakia. Cream Finance uses data to quickly evaluate, score, and make short-term loans to its customers. It also uses technology to automate as much of its process as possible to speed up its lending to consumers.

Russia’s Run Capital injects $6 millon in Californian mobile marketing startup AppInTop

AppInTop, a Calif.-based company founded by Russian serial entrepreneur Nikolay Evdokimov, has secured $6 million in a series A round from Moscow-based Runa Capital. The capital injection will be used for marketing and business development. AppInTop develops a mobile marketing platform that helps companies to “eliminate routine in app promotion” and “make life much easier for both indie publishers and large brands.”

Carousell raises $6M

Carousell, a mobile peer-to-peer marketplace focused on the Asian market, has raised $6 million in new funding. Sequoia led the round, with existing investors Rakuten Ventures, Golden Gate Ventures, 500 Startups, and entrepreneur Darius Cheung also participating.

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