Squarespace raises $40m – Investment Round Up
KeyMe, which helps people keep, distribute and copy real keys via digital technology, has gained $7.8 million in a Series A funding round. White Star Capital, Battery Ventures, Ravin Gandhi and 7-Ventures LLC were among the investors. The locksmith industry stands at $5 billion per year, according to a press release.
Alviso, CA-based Gagein, “Google Alerts on steroids,” has realized a $6.4 million Series A investment round, according to a press release. Private investors backed the company. Gagein’s CEO and co-founder Luosheng Peng said in a statement that the company had 300 percent user growth a month.
Kinetic Social, which delivers social marketing-solutions, has gained $18 million in a Series B investment round. Blue Chip Venture Company led the funding. The New York-based company expects it will keep expanding at a triple digit growth rate and leverages a 91 percent client retention rate, says a press release.
Global payments company The Currency Cloud has secured $10 million in a Series B round, on top of $9 million pumped in two years ago. The entire funding was invested by Atlas Venture, Notion Capital, Anthemis Group, and XAnge Private Equity. Silicon Valley Bank delivered “a further line of capital,” according to a press release. The London-based company counts Payoneer, Kantoz and Azimo as customers.
Squarespace, which helps people make websites and web stores, has gained $40 million in a Series B round. General Atlantic invested provided the investment. Squarespace, based in New York City, has hundreds of thousands of customers across 121 countries, according to a press release.
Biopharmaceutical company PanOptica, Inc. has secured $45 million in a Series B funding round. Novo Ventures, a new backer, co-led the investment with current funder Third Rock Ventures. Founding investor SV Life Sciences also contributed. Bernardsville, NJ-based PanOptica concentrates on advancing and licensing ophthalmology therapies, according to a press release.
Stockholm-based biopharmaceutical company Wilson Therapeutics has realized a $40 million Series B investment round. Fresh backers Abingworth LLP and MVM Life Science Partners LLP co-led the funding. HealthCap, Wilson Therapeutics’ founding funder, contributed. The company concentrates on bettering the lives of Wilson’s disease patients; Wilson’s disease affects about 1 in 15,000 people globally, according to a press release.
Secure cloud startup FireHost has raised $25 million in a Series E investment round. The Stephens Group, LLC led the funding. In each of the last three years, the Dallas-based company has increased revenue by 100 percent, according to a press release.
According to the WSJ, Paperless has gained $25 million in funding led by August Capital. RRE Ventures contributed to the investment. New York’s Paperless Post lets people make paper and online stationery.
According to BetaBoston, online insurance company Consumer United has realized a $14 million funding round. Spark Capital and Thayer Street Partners co-led the investment, which saw contributions from Five Elms and Village Ventures. The company had previously raised $50 million in December of 2012.
Mountain View-based predictive marketing intelligence company AgilOne, Inc. has raised just over $25 million in equity, according to a Form D filed by the company. Investors were not disclosed, though the filing lists that 10 were involved. The company serves customers such as Shazam, UGG, and Liberty.
Kirkland, Washington-based Cardiac Dimensions has finished a $20 million funding round led by Lumira Capital and M. H. Carnegie & Co. as part of a global syndicate of institutional backers from the U.S., Canada, and Australia, according to a press release. The company leverages the CARILLON Mitral Contour System and works on treatment modalities for heart failure and more.
Biotechnology company Iconic Therapeutics, Inc. has realized a $20 million Series B-1 funding round. Fresh backers MPM Capital, Lundbeckfond Ventures and H.I.G. BioVentures invested. The Atlanta-based company concentrates on advancing therapeutics for “serious eye disorders,” according to a press release. “The treatment of AMD is a $6 billion and growing market with few new mechanistic approaches in development. Based on the biology and the Phase 1 clinical data, we believe Iconic has the most promising early clinical program in the field,” said Todd Foley, managing director at MPM Capital, in a statement.
India’s biggest online marketplace, Snapdeal.com, has picked up another marketplace, doozton.com. Both companies are based in New Delhi. As of February of last year, Snapdeal leveraged upwards of 20 million registered users. Snapdeal.com is a 2011 Red Herring Top 100 Asia winner.