Product content management software provider Salsify has secured $16.6 million in Series B funding. Venrock led the round of financing, with participation from Matrix Partners and North Bridge, both existing investors. Salsify has now raised $24.6 million in total and will use the latest funds for product development. “With a roster of brands such as Newell Rubbermaid, 9 West Holdings and Bosch, as well as retail and technology partners like Walmart and Google, companies in the Salsify network can collaborate much more effectively to remain competitive in today’s e-commerce marketplace, simply by using rich product content to their advantage,” said Jason Purcell, co-founder and CEO of Salsify. “We are thrilled that Venrock, Matrix and North Bridge also see our vision for a digital supply chain, and are enabling us to continue transforming the way retailers and suppliers communicate and collaborate.”
AffinityLive, which automates billing and workflow management for the professional services industry, has raised $2 million in seed funding. The company has previously grown without investment and TechCrunch reports it brings in more than $1 million in annual revenue. Australian VC Blackbird Ventures led the round, with participation from Rothenberg Ventures and angel investors.
Culture Alley, a language learning platform, has secured a Series A round of investment worth $6.15 million. The financing came from Tiger Global Management with participation from 500 Startups and KAE Capital, The Tech Portal reports. Culture Alley offers lessons in English, Spanish, Mandarin, Hindi and Punjabi.
Hector Beverages, an India-based company producing soft drinks under the Paper Boat brand, has raised $29 million in Series C funding. The funding was led by Belgian investor Sofina and China’s Hillhouse Capital. Previous backers Sequoia Capital and Catamaran Ventures also participated in the funding round. The company will use the new funds to launch four new flavors of its drink, increase manufacturing capacity and expand its distribution reach.