Poynt, a smart payment terminal manufacturer, has raised $28 million in Series B funding led by Oak HC/FT. Stanford-StartX Fund and Series A investors also participated. The company says the investment has enabled it to accelerate manufacturing and grow its team. “Poynt is one of those rare companies that is aligned with the interests and needs of all parties in its ecosystem; it solves multiple merchant, bank, developer, and consumer problems with stellar technology and design, and it benefits from impeccable timing. What Poynt has been able to accomplish, building both hardware and software in the notoriously challenging payments space, is simply incredible,” Ann Lamont from Oak HC/FT, who has joined the Poynt board, said.
On-demand self-storage startup Clutter has raised $9 million in Series A funding from Sequoia Capital. The company has now raised a total of $12.3 million and will use the funds to grow its sales and marketing teams and expand its presence in cities and regions in the U.S. “Sequoia’s support allows us to continue national expansion while growing our existing markets: Los Angeles, New York and San Francisco,” says Brian Thomas, Clutter’s CEO and Co-Founder. “We’re excited they value the opportunity ahead as much as we do and together we’re going to make millions of consumers’ lives easier.”
Worthy, an online marketplace for used luxury goods, has raised $8 million in Series B funding led by Carmel Ventures. The company will use the funds to expand its presence in the U.S. and for product innovation. Worthy had previously raised over $8.5 million. “U.S. households constitute, in effect, the single biggest diamond mine in the world, with over $1 trillion worth of polished diamonds. Any individual who owns a diamond is a stakeholder of this mine. It is estimated that there are only 50 more years’ worth of new gem quality diamonds worthy of excavations. The future of diamonds lays with recycling already-mined diamonds and repurposing them,” said Ben De-Kalo, founder and CEO of Worthy. “We provide businesses with direct and trusted access to the significant supply households present, including unique pieces that add a luxury flavor to their showcase.”
Simility, a cloud-based fraud detection startup, has closed a $5.7 million seed round. The financing included Trinity Ventures and angel investors, and adds $2.25 million to the previous $3.45 million investment led by Accel Partners. “Investing in Simility is an investment in preserving trust in e-commerce, and they’ve already made remarkable progress,” said Trinity Ventures general partner Fred Wang. “In just a year, Simility has hired a team of data science, engineering and operations professionals, opened new offices, and deployed its private beta fraud detection offering in online marketplaces that serve millions of people worldwide.”