Fundbox, a cash flow optimization tool, raised $40 million in Series B financing led by General Catalyst Partners. Khosla Ventures, Shlomo Kramer, Blumberg Capital and new investor NyCa Investment Partners also participated. The company also announced a credit facility and partnership with Silicon Valley Bank. “This investment provides Fundbox with greater capacity and resources to bring data science backed financing solutions to small business owners in the U.S.,” said Eyal Shinar, chief executive officer, Fundbox. “Our vision transcends just cash flow solutions, as our proprietary data-driven engines can fundamentally transform and modernize the entire small business economy and B2B transactions.”
Facebook quiz publisher Playbuzz has raised $16 million in financing, in a round led by 83North. The U.S.-Israeli startup also attracted investment from Saban Capital and previous backers Carmel Ventures and FirstTime Ventures. Playbuzz will use the funds to expand its operations and is opening offices in Asia and Europe. The company is headquartered in New York.
Daily fantasy sports app Draft has raised $3.5 million in Series A funding led by Upfront Ventures, Re/code reports. The round also included other investors such as Advancit Capital, BoxGroup, the Chernin Group and QueensBridge Venture Partners. The app, launched in December, allows users to win real money and operates in a competitive market, with fellow fantasy sports app Draft Kings reportedly close to a $1 billion valuation.
Interset, a threat detection company, has closed a $10 million round of funding. Toba Capital and Informatica were among the new investors while previous backers Anthem Venture Partners and Telesystem also participated. The company will use the funds to expand the capabilities of its threat detection platform. “Many people are looking to analytics to solve the threat detection challenge, but few companies are delivering a platform that is mature enough to actually cover the required use cases. Customers tell us the Interset platform combines the right mix of probabilistic math and critical datasets required to effectively detect and surface the real risks and threats they face today,” said Interset CEO Dale Quayle.