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Valor Water Analytics pulls in $1.6 mlnValor Water Analytics, a provider of water loss and efficiency analytics for utilities, has raised $1.6 million in funding round. Shore Ventures II led the round with participation from other investors that included Apsara Capital, Syzygy West, Urban Innovation Fund and 500 Startups.
- Rover raises $1.1 mln
Rover said May 26 that it raised $1.1 million in seed funding. Investors include BDC Venture Capital and 500 Startups, as well as some of angel investors in the marketing tech and SaaS industries. Rover provides a location-based mobile marketing platform that for retailers and brands.
BDC, 500 Startups commit to $1.1 mln seed funding of RoverRover Labs Inc, a Canadian location-based mobile marketing platform, has raised $1.1 million in seed-stage financing. BDC Capital and 500 Startups invested in the round, alongside a number of angel investors. Founded in 2014, Toronto-based Rover has developed technology that helps retailers and brands deliver smarter, location-powered mobile content. The company said it will use the funds raised to enhance its product and strengthen its sales and marketing teams. It will also intensify hiring in Rover's Toronto and San Francisco offices. Earlier this year, 500 Startups launched 500 Canada, a new US$30 million fund /canada/2016/3/500-startups-launches-30-mln-canadian-fund-2/ earmarked for Canadian startups.
- Canaan leads funding of insurtech company Embroker
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
- Canaan leads funding of insurtech company Embroker
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
500 Startups continues its worldwide growthFor 500 Startups, the theme of “large” applies to the organization itself, as the Silicon Valley seed investor looks to expand internationally
Campfire leads $5 mln funding of medical apparel startup FIGSCanadian venture capital firm Campfire Capital recently led the $5 million Series A financing of FIGS, a Los Angeles-based medical apparel company. Founded in 2013, FIGS provides premium technical apparel via an e-commerce platform to the medical scrubs industry. It said funds raised will help increase inventory to meet demand, expand new product categories, and scale its team. FIGS has previously received funding from U.S. investors, including Mohr Davidow Ventures, Irving Place Capital and 500 Startups. Campfire was founded in 2014 with the support of current and former Lululemon executives and other backers to invest in retail technology startups.
3D printer Formlabs buys 500 Startups-backed PinshapeFormlabs, a maker of 3D printing technology, announced it has acquired venture-backed Pinshape for an undisclosed price. Vancouver-based Pinshape, a consumer marketplace for 3D printable products, raised US$825,000 in seed-stage funding over 2014-2015 from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile https://angel.co/pinshape The acquisition deal is the first for Somerville, Mass.-based Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital. Earlier this year, 500 Startups launched 500 Canada, a US$30 million Canadian venture capital fund /canada/2016/3/500-startups-launches-30-mln-canadian-fund-2/
- 3D printer Formlabs buys 500 Startups-backed Pinshape
Formlabs, a maker of 3D printing technology, announced it has acquired venture-backed Pinshape for an undisclosed price. Vancouver-based Pinshape, a consumer marketplace for 3D printable products, raised US$825,000 in seed-stage funding over 2014-2015 from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile https://angel.co/pinshape The acquisition deal is the first for Somerville, Mass.-based Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital. Earlier this year, 500 Startups launched 500 Canada, a US$30 million Canadian venture capital fund /canada/2016/3/500-startups-launches-30-mln-canadian-fund-2/
- 3D printer Formlabs buys 500 Startups-backed Pinshape
Formlabs, a maker of 3D printing technology, announced it has acquired VC-backed Pinshape for an undisclosed price. Vancouver, British Columbia-based Pinshape, which provides a 3D printer community, had raised $825,000 in seed-stage funding from 500 Startups, DeNA, ChinaRock Capital Management and 500 Startups co-founder Dave McClure, according to its AngelList profile. The acquisition is the first for Formlabs, which is backed by DFJ Growth, Innovation Endeavors and Pitango Venture Capital.