Friday March 29, 2024

Managed by Q ends 2018 with a fresh $25 million in funding

Managed by Q, the office management platform that launched back in 2013, has today revealed that it raised an additional $25 million as a part of its Series C, led by existing investors RRE and Google Ventures, with participation from new investors DivCo West, Oxford Properties and others. The fresh capital brings the total round […]

Canonical plans to raise its first outside funding as it looks to a future IPO

It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside money. […]

Background checks pay for Checkr, which just rang up $100 million in new funding

Criminal records, driving records, employment verifications. Companies that use on-demand employees need to know that all the boxes have been checked before they send workers into the world on their behalf, and they often need those boxes checked quickly. A growing number of them use Checkr, a San Francisco-based company that says it currently runs […]

Bench bookkeeping service raises $18 million in funding

 Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also participated in the round. Bench first launched out of TechStars NYC in 2012. Back then, the company was called […]

Slack is reportedly raising another huge $500M round of funding

 Slack is in the midst of raising another $500 million in financing at what could be a $5 billion valuation — money it will likely critically need as it goes after major corporate clients and construct a functional business — according to a report by Recode. Slack also got some interest with a $9 billion […]

SoFi confirms $500 million in new funding as it pushes beyond lending

 Online finance startup SoFi got its start refinancing student loans but gradually has been adding other services to members. To expand into new regions and move closer to becoming a full-service financial services company, SoFi has confirmed that it raised an additional $500 million in equity financing led by Silver Lake. Read More Tweet This […]

With $3.6M in fresh funding, YotaScale optimizes cloud computing for enterprises

 YotaScale, a graduate of Alchemist’s enterprise accelerator, is announcing a $3.6 million venture round today from Engineering Capital, Pelion Ventures and angels Jocelyn Goldfein, Timothy Chou and Robert Dykes. The startup employs machine learning to help balance performance, availability and cost for enterprise cloud computing. Competitors CloudHealth Technologies and Cloudability… Read More Tweet This Post

Managed By Q lands $30 million in Series C funding

 Managed By Q, a service that automates office management, has raised $30 million in Series C funding, according to SEC filings. Managed By Q started off as a NY-based platform that let office administrators more efficiently deal with the tedious housekeeping of an office, from cleanings to supplies to IT to handy work, all from […]

Splash transitions to B2B event marketing with $7M in new funding

 Splash, the event marketing platform based out of New York, has just announced the close of a $7 million Series B funding round led by Ascent Venture Partners, with participation from Spark Capital, Lerer Hippeau Ventures, ScaleUP Ventures, Tumblr founder David Karp, and Vine cofounder Rus Yusupov. Alongside the investment comes a new business plan […]

Kubernetes founders launch Heptio with $8.5M in funding to help bring containers to the enterprise

 For years, the public face of Kubernetes was one of the project’s founders: Google group product manager Craig McLuckie. He started the open-source container-management project together with Joe Beda, Brendan Burns and a few other engineers inside of Google, which has since brought it under the guidance of the newly formed Cloud Native Computing Foundation. […]