Series B
Mobile device location and identity verification company Zumigo has raised $6 million in Series B financing, led by Intel Capital. Aligned Partners also participated in the round, which will be used to expand Zumigo’s business operations. “We are seeing a plethora of new security, financial and other applications that will utilize Zumigo’s products,” said Zumigo Founder and CEO Chirag Bakshi. “This new financing validates our direction and success, and will accelerate growth in our core business of providing mobile location and identity products to financial organizations and enterprises alike.”
Series C
DraftKings, a online fantasy sports company, has raised $41 million in Series C funding, in a round led by The Raine Group. Existing investors Redpoint Ventures, GGV Capital and Atlas Ventures all participated. DraftKings has raised nearly $75 million to date and will use the new funds to acquire more users and prepare itself for the new NFL season. The company allows users to play fantasy sports games for cash prizes. DraftKings also announced the acquisition of rival daily fantasy sports website StarStreet, a month after buying another rival DraftStreet. No terms were revealed for either deal.
Dynamic Signal, which offers employee advocacy solutions, has secured $12 million in Series C financing, in a round led by Rembrandt Venture Partners. Existing investors Venrock, Trinity Ventures, Time Warner Ventures and Cox Enterprises also participated. Dynamic Signal has now raised a total of $33 million to date and will use the funds in part to acquire the real-time demand generation platform PaperShare. “In the past year, we’ve seen a sea change in how businesses view advocacy efforts and the engagement that the employee base can drive,” explains Russ Fradin, co-founder and CEO of Dynamic Signal. “With more than 80 percent of email being opened on phones and tablets, creating one-touch solutions that allow employees to conveniently consume and share brand approved content is now essential.”
Welcome to the team! @PaperShare is now part of Dynamic Signal. http://t.co/VT4L9243dc
— Dynamic Signal (@dynamic_signal) August 25, 2014
Series D
Mobile enterprise platform Appcelerator has closed a Series D round of funding worth $22 million, led by Rembrandt Venture Partners. The company, which helps clients build, analyze and connect suites of mobile apps, also attracted investment from Storm Ventures, Sierra Ventures, Mayfield Fund, Translink Capital, Relay Ventures and EDB Investments. “Mobile changes the way every organization interacts with its users and delivers services, and we want to give every company the tools to unlock the power of mobile to grow their business and stay competitive,” said Jeff Haynie, CEO of Appcelerator.