500 Global related stories
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Beauty products site Ipsy raises $100 mlnSan Mateo, Calif.-based Ipsy, operator of a beauty products website, has raised $100 million in Series B funding from TPG Growth and SherpaCapital. The site, which boasts having 1.5 million subscribers in North America who monthly receives its Glam Bag shipment, was founded four years ago by YouTube star Michelle Phan.
- Aleyant buys Keen's web-to-print business
Aleyant said Monday it acquired Keen System Inc.’s web-to-print business. Financial terms weren’t announced. The deal includes Keen’s web-to-print technology platform, web-to-print customers and their name, logo and brand. Investors of San Francisco-based Keen include 500 Startups and IDG-Accel.
- 500 Startups to raise $200 mln fourth fund
Seed investor 500 Startups has set out to raise a $200 million fourth fund, according to an SEC filing. The news comes a week after the firm, which runs an accelerator, announced it had raised $85 million for its third fund.
- 500 Startups closes third fund at $85 mln: WSJ
Mountain View, California-based early-stage venture firm and accelerator 500 Startups has raised $85 million for its third fund, according to a Wall Street Journal report http://blogs.wsj.com/venturecapital/2015/09/04/after-bumpy-road-500-startups-closes-fund-iii-with-85m/?mod=WSJBlog Founder Dave McClure told the news outlet that the number of the fund's LPs "is approaching 500" and includes Dentsu Inc, Yahoo Japan and Malaysian government-backed venture firm Malaysia Venture Capital Management Berhad. An earlier WSJ article reported that the fund's original target http://blogs.wsj.com/venturecapital/2015/01/09/for-dave-mcclures-new-500-startups-fund-u-s-institutions-shy-away/ was $100 million.
- GGV Capital leads $1.25 mln seed round for Wiselike
Knowledge-sharing platform Wiselike has secured $1.25 million in seed funding. GGV Capital led the round with participation from other investors that included 500 Startups and GREE.
- Egyptian startup WUZZUF nets $1.7 mln Series A
Egypt-based online recruitment platform WUZZUF has secured $1.7 million in Series A funding, according to a source at the company. Vostok New Ventures and Piton Capital led the round with participation from return backers 500 Startups and Endure Capital.
- Gobi Partners leads Series A round for Eko Communications
New York and Bangkok-based Eko Communications, a mobile enterprise tools developer, has closed $5.7 million in Series A funding. Gobi Partners led the round.
- SumUp grabs funding from BBVA, Groupon, AMEX and others
European mobile point-of-sale company SumUp has raised 10 million euros in funding. The investors included BBVA Ventures, Groupon and American Express.
- Insight leads $20 mln round for SpotHero
SpotHero said Wednesday it closed a $20 million Series B round led by Insight Venture Partners. SpotHero’s existing investors — Battery Ventures, Bullpen Capital, Chicago Ventures, Draper Associates, OCA Ventures, Pritzker Group Venture Capital and 500 Startups — also participated in the round along with Monkfish Equity, an investment group started by the founders of trivago. Chicago-based SpotHero is an on-demand parking service.
- Adphorus takes in $1 mln seed
Turkish performance marketing platform Adphorus has raised $1 million in seed funding. The investors included 500 Startups. Also, Şekip Can Gökalp has been appointed to the Adphorus board of directors. Adphorus is also a Facebook marketing partner.