Holy Peaches Atlanta’s Airwatch Raises $200M Series A

Airwatch,Atlanta startup,funding news,startup newsAirwatch, a company that has been bootstrapped since 2003, just closed a $200M series A round led by Insight Venture Partners.

The company helps untangle the mess created by companies that are going the BYOD (Bring your own device) to work trend. BYOD is saving companies a lot of money by allowing employees to use their own smartphones, tablets and laptops. The company cuts hardware expenses but headaches for IT departments mount.

Airwatch, offers a device management solution for IT departments that helps companies manage overall compatibility and security within their enterprise.

Business Insider reported that this is the biggest enterprise category funding to date. More at TechCrunch

Funding Round Up Everywhere Else: batterii, Bluefields, Nomi, Club W 2/18/13

Funding news, startups, Nomi, Bluefields, Baterri, Club W, funding roundupbatterii, Cincinnati OH $2.5 Million

batteri is a “co-creation” social network software platform.  They recently raised $2.5 million dollars led by Cincinnati local private/public seed stage investor CincyTech. CincyTech contributed $500,000 to the round which included Los Angeles based investor Ken Salkin, batterii CEO Kevin Cummins and other unlisted individuals. The company reports that they have nearly a dozen clients. TechCrunch noticed that quotes from Nike, Crush Republic and ConAgra Foods were on their site. source TC

Bluefields, London England $1 Million

Bluefields is a social platform and management tool for recreational sports teams. The startup is originally from London and is an alumnus of both Seedcamp and 500 Startups. In addition to this latest one million dollar round, Bluefields just launched out of private beta.

During the private beta, TNW reports that there were over 60,000 sports teams players using the service.

Tony Hsieh’s VegasTechFund, Ballpark Ventures, Venrex, 500 startups and White Star Capital all participated in the round. Elliot Loh, Edward Wray, Christian Hernandez, Alicia Navarro, Chang Ng, Andy McLoughlin, Tim Fong, Richard Fearn, Andreas Koukorinis, Christian Lawless and Nathan Elstub all contributed as individuals.  source TNW

Nomi, New York, $3 Million

Nomi is a retail “Experience Economy” startup helping to drive engagement for loyal retail customers, rather than having to race to the bottom in price wars. The company was founded by Marc Ferrentino who was formerly the Chief Technical Architect at SalesForce.  Nomi takes relationship lessons borrowed from CRM and implements them in a real time environment that’s crucial to closing sales at retail cash registers.

Philadelphia’s First Round Capital led the $3 million dollar round with participation from Greycroft Partners, SV Angel, Forerunner Ventures, Ralph Mack, Dave Tisch, Andy Dunn (CEO, Bonobos), and Sam Decker (CEO, Mass Relevance and former CMO, Bazaarvoice).

Club W, Los Angeles $3.1M

Los Angeles based Club W claims that they are the “coolest wine club” . They are also the first company to offer a personalized and curated subscription model for wine. Their$3.1 million dollar round follows a $500,000 angel round closed this time last year. L.A’s Crosscut Ventures led the round.

“We look at wine and see a $34 billion annual market ripe for disruption,” says Adam Goldenberg, Venture Partner at Crosscut said in a statement.  “Club W has great traction and a solid model. We realize we’re taking a contrarian position on eCommerce given the prevailing attitudes among venture capitalists but we’ll continue to bet on the early movers leading great teams in markets with huge potential.” source: bizjournals.com

 

$9 Million Raised By Wisconsin Startup Study Blue For Digital BackPack

StudyBlue, Wisconsin startup, funding news, startup newsMadison Wisconsin startup Study Blue has raised $9 million dollars for their digital backpack company. Study Blue helps students store and organize their class study materials and turns them into digital flash cards and quizzes. The platform also allows the study materials to be compared with other students that are taking the same subjects.

Study Blue is cross platform which allows students to pick up where they left off whether they’ve moved from a laptop or desktop to an tablet or smartphone.

The $9 million dollar Series A-1 funding round was led by Great Oaks Venture Capital, the Wisconsin Alumni Research Foundation also participated as well as existing investors.  This new funding will allow them to continue building on their existing user base which is already 2.5 million users strong. Those users have created and shared 100 million study materials across the web and their mobile apps.

“We are experiencing rapid growth. This financing allows us to further expand our community and platform to help students master their course material faster, said Becky Splitt, StudyBlue’s CEO. “Our online, mobile and social tools connect students to a comprehensive crowd-sourced library of content on nearly any subject, and to each other, in a highly relevant way.

“We are really excited to be a part of the StudyBlue movement,” said Andy Boszhardt, Partner, Great Oaks Venture Capital. “The entire edtech industry is seeing tremendous growth and StudyBlue has particularly impressive traction in the space with over 2.5 million registered users who use its platform across a myriad of devices. They are in a perfect position to expand the audience of students they serve and we’re really pleased to be a part of that.”

“We see Great Oaks as a perfect complement to our efforts” said StudyBlue Founder Chris Klundt.  “Their breadth of experience across consumer, mobile and online businesses as well as a commitment to the edtech industry makes this a great partnership.”

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Accelerate MSP To Fund Up To 10 Twin Cities Startups

Accelerate MSP, Minneapolis startups,funding, startups

St. Paul Mayor Chris Coleman (photo: business journal)

The Minneapolis /St.Paul twin cities region is about to get another non profit aimed at funding startups. St. Paul Mayor Chris Coleman announced the new “Accelerate MSP” initiative before an audience of a few hundred at the St. Paul Regional Economic Development Forum in Minneapolis.

Accelerate MSP will “…help fill a critical need for seed and early-stage funding at the valley of death stage in commercialization,” Coleman said.

The new group plans to fund early stage startups with a seed investment anywhere between $50,000 and $500,000 dollars. They plan on funding 10 startups per year.

To date the new organization has raised $200,000 with another $150,000 request pending. Accelerate MSP has received funds from The City Of St. Paul, The Minnesota Department of Employment & Economic Development, the McKnight Foundation, Saint Paul Foundation, Surdna Foundation and the US Department of Commerce.

Ernest Grumbles, Tom Kieffer, Brad Lehrman, Joy Lindsay, Steve Mercil and Jay Schrankler and make up the founding board for Accelerate MSP. They plan on hiring a CEO early next year that will help administer the fund.

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Source: Minneapolis St. Paul Business Journal

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Chicago Startup: ParkWhiz Raises $2 Million, Parking Startups Are Hot In Chicago

Parkwhiz,Chicago startup,funding news,startup news,startupsMonday we reported that Chicago parking startup SpotHero had raised $2.5 million in funding. That was big news for the ExcelerateLabs alumni that’s currently working out of 1871. Now, we’ve heard that another Chicago parking startup called ParkWhiz has raised $2 million dollars.

ParkWhiz’ funding round was led by Hyde Park Venture Partners. Hyde Park Angels, Amicus Capital, Alexis Ohanian, Garry Tan, Henry J Feinberg, and Amreesh Modi also participated in the investment, according to builtinchicago.com. Ohanian is the co-founder of Reddit and Tan is a partner at Y Combinator.

ParkWhiz has been around a little longer than Chicago rival SpotHero. They originally came on the scene in 2006 and in the past 6 years have generated over $10 million in parking revenue to operators. They also have access to over 3 million parking spaces.

One of ParkWhiz’ major success stories is the partnerships they’ve formed with organizations that are key in the big event space. ParkWhiz is partnered with StubHub, Ticketsnow, several NFL and NCAA teams and other sports and entertainment venues.

“This financing allows us to realize our next stage of growth, beginning with the hiring of 20 additional employees,” said Aashish Dalal, CEO and co-founder of ParkWhiz said in a statement. “The wealth of knowledge and experience of our new board members will help us aggressively deliver unique capabilities to our customers and further solidify our position as the market leader.”

More than 1 million people have used ParkWhiz.com, the largest, fastest growing, online parking reservation company in the U.S. ParkWhiz allows users to compare price, location and amenities. Drivers may reserve special event parking and purchase discounted downtown parking at up to 80% off drive-up rates. The company works with over 2,000 parking lots nationwide, giving customers access to over 3 million parking spaces. ParkWhiz’s national footprint has enabled them to provide parking spot inventory that far exceeds their closest competition.

Joining co-founder Aashish Dalal on the company’s board will be Ira Weiss of Hyde Park Venture Partners and Henry J. Feinberg, former partner at Technology Crossover Ventures, the world’s largest technology oriented Venture Capital firm. Mr. Feinberg is currently the Chairman of Maxim Revenue Management Solutions.

“ParkWhiz offers a transformational service for finding optimal automobile parking,” said Henry J. Feinberg. “ParkWhiz will change how consumers and parking lot owners and operators do business similar to how Expedia changed travel, Netflix changed entertainment and Zillow changed real estate.”

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BuiltinChicago Here

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Boston Techstars Grad: Testive Raises $500,000 Seed

Testive,Techstars, Boston startup, startup news, funding newsA recent Boston Techstars startup graduate, Testive, has just announced a $500,000 seed round led by influential local investors.

Testive operates on the premise that SAT prep books suck and SAT prep classes are too expensive. Miro Kazzakoff, the startup’s founder says not only can Testive predict a high school students SAT score but also their method is more efficient.

“Somewhere between cheap, boring prep books and expensive classes is an opportunity to deliver online test prep that doesn’t suck,”  Kazakoff told the Boston Business Journal “Testive is building the tools that help students learn more efficiently and more enjoyably.”

Immediately following the Techstars Boston session the company moved into Dog Patch Labs an incubator/co-working space founded by Polaris Venture Partners and also in the same Microsoft building that houses the Boston Techstars program.  Several other high growth potential startups occupy the space and work in a collaborative environment.

Local angels; Jean Hammond (A Zipcar investor), Eileen Rudden (co-founder of LeanLaunch), Dharmesh Shah (co-founder of Hubspot) and Bill Warner (founder of Avid/ProTools), all participated in the round.

Kazakoff reports that over 10,000 students already use their SAT Habit software. Their software is based on Turbo Test, originally developed at MIT. The investment will go to continued development of the software. They plan on adding features to add in the preparation of the “writing” part of the SAT.

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Kansas City Startup: InvenQuery Raises $1.1 Million For ReUse Industry Software

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Over the past few years, reuse has become. $250 million dollar industry. In the United States there are over 1200 reuse stores.

Reuse stores, like the Habitat for Humanity Re-Store, sell used or overstocked building supplies, and household goods at a huge discount to get these items out of landfills and repurposed for other projects. Reuse stores sell anything from wooden wall paneling to electrical outlets and everything on between. Yes, reuse stores also sell kitchen sinks.

InvenQuery, an offshoot from Kansas City startup, PlanetReuse. PlanetReuse, as you can probably tell by the name, is also in the reuse industry.

InvenQuery offers web, and mobile solutions for inventory and store management for the reuse industry. The startup reported last week, that they have raised $1.1 million dollars this year. Earlier in the year the company raised $450,000 in an angel round. They recently closed a $650,000 series A round for Dundee Venture Capital of Omaha Nebraska.

“Making e-commerce and inventory management simple for an industry that has historically lacked technology tools will transform the way people shop for used building materials,” says Dundee Venture Capital Founder Mark Hasebroock. “We see tremendous potential in InvenQuery for retailers of unique items.”

The idea is simple and the results could be revolutionary: millions more pounds of usable surplus materials kept out of local landfills. A stark contrast to the nearly 40% of U.S. landfill waste that comes from building construction and demolition waste today. Plus more profits are generated for the social missions of non-profit reuse centers. If HDTV, Pinterest and the $250 Billion per year Lifestyles of Health and Sustainability (Lohas) U.S. consumer segment are any indication, reuse is one trend that will last.

“We are thrilled to partner with Dundee Venture Capital,” said InvenQuery Founder Nathan Benjamin. “Mark Hasebroock and his team bring deep expertise in e-commerce and web services that will accelerate our success in the reuse industry and in subsequent vertical markets we are researching like surplus materials from construction and demolition projects that get lost in warehouses.”

“As more and more reuse centers use InvenQuery to showcase their inventory live online on PlanetReuse Marketplace, the $250 Million reuse industry will become more top-of-mind and ultimately an easy alternative to explore before buying new materials through the $110 Billion new material home improvement industry,” said InvenQuery partner Willow Lundgren.

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Birmingham Startup: VIPAAR First To Receive Funds From Central Alabama Angel Network

The Central Alabama Angel Network, formed last February, has found it’s first startup to invest in. The company called VIPAAR works out of Birmingham’s Innovation Depot.

The Birmingham startup is led by CEO Drew Deaton and is based on a technology licensed from the University of Alabama At Birmingham (UAB) School of Medicine. VIPAAR is a telemedicine startup which allows surgeons and others in the OR to communicate with other ORs, galleries or consult.

VIPAAR works with cameras that are extremely light weight but provide great pictures, and also two way audio communication that allows the surgeon to explain whats going on in the camera shot, and if appropriate, answer questions. VIPAAR, and telemedicine for that matter, allow surgeons who often lecture by showing and explaining surgery through video, to actually show surgeries in real time, using VIPAAR and transmitted via the internet, keeping those speaking doctors in the OR for more surgeries.

VIPAAR’s VIP system can be applied in other teaching scenarios as well. The system combines two major parts an image processing server and a video conference unit. In the surgery setting a video image of the surgery site is shown and an image of the surgeons hands is super imposed within the image.

VIPAAR has a variety of uses in the operating room. The system could be used to offer close up teaching videos to students in an observation deck. It could also be used to transmit surgeries from an operating room in Baltimore to a class of students in Los Angeles using high speed internet.  The VIP system could even be used in a one on one setting such as a consult or if a surgeon wants a second surgeon at a remote location to sit in on the surgery.

Medcitynews reports that VIPAAR has raised more than half of the $1.2 million dollars they are looking for in this round. It has not been disclosed how much the Central Alabama Angel Network contributed.

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