Raise Report: Usermind, Red Points, True Fit Score New Funding
Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech.
Tuesday, Jan 9: Red Points Locks Down $12 Million for Brand Safety
Northzone led the Series B round, TechCrunch reported. Red Points offers a technological solution to brands’ growing concerns about their reputations, which are harder and harder to protect as mentions across the Web proliferate and more commercial activities are handed off to machines. The company’s tech scans the web for brand infringements and takes stock of and eliminates them. The funding will fuel Red Points’ growth as it opens a New York office.
Thursday, Jan 11: Closetbox Raises $7.3 Million to Disrupt Storage
The Series A round brings Closetbox’s total funding to nearly $20 million, TechCrunch reported. The company allows users looking for storage to make plans and track their inventories online.
Wednesday, Jan 17: CircleCI Picks Up $31 Million to Expedite Software Development
Top Tier Capital Partners led the Series C round, according to a press release. CircleCI enables software development at large scale by automating parts of the software-development process itself. The company’s solution is used by tech giants such as Facebook. The company will build its staff as it continues to scale up its operations.
Wednesday, Jan 17: Usermind Rakes In $23.5 Million to Power Customer Engagement
Northgate Capital led the Series C round, VentureBeat reported. Usermind empowers companies to better understand their own work and foster productive relationships with customers by coordinating among the many different software programs and applications today’s companies use day to day. Usermind will grow its sales and marketing teams and open an office in London.
Wednesday, Jan 17: Grove Collaborative Secures $35 Million to Sell Home Goods Online
Norwest Venture Partners led the Series C round, according to a press release. Grove Collaborative is an e-commerce platform that delivers home goods to its customers and offers such perks as free shipping and returns. The cash infusion will help it expand its suite of products.
Thursday, Jan 18: True Fit Snaps Up $55 Million for Apparel Personalization Platform
Georgian Partners led the Series C round, Retail Touch Points reported. True Fit uses an expansive trove of user and sartorial data to help customers determine which items will best fit them from the comfort of their own homes. True Fit will use the funding to pursue new markets in Asia and to expand its offerings.
Thursday, Jan 18: Apartment List Scores $50 Million for Rental Marketplace
Passport Capital led the Series C round, VentureBeat reported. The company accelerates the apartment-hunt process by providing users with a set of options matching personal criteria they provide. Apartment List will put the funding toward developing its selection of homes.
Joseph Zappa is Street Fight’s news editor.
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