Aksel Group, which owns the men's fashion shopping site AkselParis.com, has inked $500,000 in a seed financing round led by Inspiration Ventures. Also investing in the round were David McClure’s 500Startups, and individual investors Fabrice Grinda, Paul Bragiel of I/O Ventures; and French entrepreneur Nicolas Bernadi.
3 min read · 02 November 2011
San Francisco-based startup Rounds has added $3 million in financing to expand its interactive "live hangout" platform. Verizon Investments Inc. led the round, with additional funding from Rhodium and Draper Fisher Jurvetson founder Tim Draper.
3 min read · 02 November 2011
Massive Health has launched “The Eatery,” a nutrition app for the iPhone that id designed to track and analyze a person’s overall eating patterns. The company, launched this year, is backed by seed financing from venture capital firms Andreessen Horowitz, Charles River Ventures, Greylock Partners, Mohr Davidow Ventures and Felicis Ventures. Massive Health is based in San Francisco.
2 min read · 02 November 2011
Bessemer Venture Partners led a $7 million round for Traffix Systems, a provider of signaling technology that helps 4G networks run more efficiently. The money will help expand the company’s reach with telecom carriers, Traffix said Wednesday. Formed in 2005, Traffix is based in Israel, with offices in New Jersey and the U.K.
3 min read · 02 November 2011
Founders Fund has backed newly formed 100Plus, a startup developing interactive health applications that will give personalized predictions of future health. The company's platform will use game mechanics to encourage people to change bad behaviors and help extend their lifespans. 100Plus is based in San Francisco. Details of the financing were not released.
3 min read · 02 November 2011
Digital Folio, a real-time shopping platform, has raised $1.2 million in angel funding, the company announced Wednesday. Digital Folio’s service allows customers to shop across major retailers via a “drag ‘n drop” interface. The Denver-based company was formed this year. Details of the financing were not released.
2 min read · 02 November 2011
Masabi, a developer of mobile ticketing technology, has inked a $4 million Series B round from investment firm M8 Capital. The money will be used to deploy the company’s technology with several rail companies in the U.K., the company said. Masabi’s ticketing services have launched so far on Cross Country Trains, thetrainline.com, Virgin Trains and Chiltern Railways. Masabi is based in London.
3 min read · 02 November 2011
4 min read · 01 November 2011
Music app maker Smule Inc. has raised $12 million in new venture financing, according to a regulatory filing. The company, based in Palo Alto, Calif., is behind music apps including “I am T-Pain” and “Glee Karaoke.” Smule is backed by investors including Shasta Ventures, Granite Ventures and Bessemer Ventures. The company’s board includes Granite Ventures’ Christopher Hollenbeck, Bessemer’s David Cowan and Shasta Ventures’ Jason Pressman.
1 min read · 01 November 2011
3 min read · 01 November 2011
