AlphaSense, a search engine for finance professionals, has raised $33 million in growth capital from Tribeca Venture Partners, Triangle Peak Partners and Quantum Strategic Partners. Individual investors such as former Reuters CEO Tom Glocer also participated. The company will use the new funds to expand into new market verticals and for product advancement. Jack Kokko, CEO and co-founder of AlphaSense, said: “While today’s web search engines provide an enormously valuable service to consumers, finding the right business information across a vast array of disparate content sets remains a painfully manual process for knowledge professionals. We are excited to be solving this major problem that affects millions of professionals every day, and this financing arms us with the resources to continue advancing our product and broadening our market reach. We are grateful for the support and validation of the visionary investors that have committed to backing our business.”
Culture Amp, which gives human resources departments the capability to administer employee surveys, has closed a $10 million Series B financing round led by Index Ventures. Felicis Ventures and Blackbird Ventures also participated. The funding will be used to launch advanced analytic features on the Culture Amp platform and for expansion into the U.K. and Europe. “A deep understanding of employee engagement is essential to building great global businesses and Culture Amp’s products allow companies to keep their finger on the pulse of their organizations,” said Index Ventures Partner Ilya Fushman. “Having seen first-hand the positive impact of their data-driven approach at Dropbox, as well as their phenomenal growth among leading retail, hospitality, media and professional services clients, I am excited to be an investor and see Culture Amp’s impact on employee happiness.”
Enterprise data lake management solutions provider Zaloni has closed a $7.5 million Series A financing round led by Sierra Ventures with participation from Baird Capital. The funds will be used to expand the Zaloni software suite and for international expansion. “Our mission is to empower businesses to transform, manage and utilize their data across the organization, transforming their data from simply being lots of data, to becoming their most valuable asset. Deriving actionable insights and true value from data means that organizations can better meet their customers’ specific needs, drive satisfaction, and increase revenue,” said Ben Sharma, co-founder and CEO. “We are excited to leverage the expertise Sierra Ventures and Baird Capital have in the big data space and look forward to building on our success to date.”
Property Partner, a crowdfunding platform that allows anyone to invest in residential property, has completed a $22.4 million funding round. Octopus Ventures led the round, with participation from Index Ventures and Dawn Capital. The company has now raised a total of $31.7 million to date. “This significant investment is a huge vote of confidence in our business model, and our vision for making the property market better for everyone. These funds will help propel us towards our ultimate goal – that of being a global stock exchange for property,” Dan Gandesha, CEO, Property Partner, commented.