Seed funding
Riffsy, a mobile app company which allows people to create and share GIFs, has raised $3.5 million in seed funding in a round led by Redpoint Ventures. The company currently boasts more than 500 million monthly GIF views, according to a press release. Riffsy will use the funds to support product growth. “Redpoint Ventures is a perfect partner as we continue to grow our business,” said David McIntosh, founder and CEO of Riffsy. “The Redpoint team brings unparalleled expertise in building strong and recognized mobile networks and consumer brands, and we look forward to working closely with them as we further develop our products and build the largest expression network.”
Series B
Nitro, which provides businesses with the tools to share documents, has raised $15 million in funding from Battery Ventures. The company will use the funds to accelerate growth and continue international expansion. “This investment allows us to bring our ‘Smart Documents’ vision to life for organizations of all sizes,” said Sam Chandler, Nitro’s Founder and CEO. “We want to help our customers close contracts faster, save money, collaborate more efficiently, modernize their document processes, and do it all more elegantly and securely than the old ways of paper and email. We’re delighted to have a partner of Battery’s caliber coming aboard.”
Private equity
Payment company BlueSnap has raised $50 million in growth equity from Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. The company will use the funds to expand globally and for acquisitions. BlueSnap’s payment solutions are used by shoppers in 180 countries and in 29 languages, according to a press release. “We’re excited to announce that two of the most experienced private equity firms in the payments space have made a commitment to backing BlueSnap’s global expansion,” said Ralph Dangelmaier, CEO of BlueSnap. “When there are over 7 billion mobile devices worldwide yet 73% of U.S. merchants don’t sell globally, we feel there is a huge missed opportunity. We’re determined to help merchants sell beyond their borders.”