Seed funding
Two Tap, an in-app e-commerce platform, has raised $2.7 million in seed funding. Digital Garage, Green Visor Capital, Initialized Capital, Khosla Ventures, SV Angel and Transmedia Capital all took part in the round. The company, founded in 2013, will use the new funds for product development, marketing and recruiting. “Consumers want to be able to purchase what they want when they want it, and Two Tap’s technology enables a seamless shopping experience for any product from any retailer on any device,” said Ben Ling, partner at Khosla Ventures.
Series A
Online mattress startup Casper has raised $13.1 million in a Series A funding round led by New Enterprise Associates. SV Angel, A-Grade Investments, Slow Ventures, Consigliere Brand Capital, Silas Capital, Cendana Capital, Lerer Hippeau Ventures, Norwest Venture Partners, Crosslink Capital, Vaizra Investments, Queensbridge Ventures, and Correlation Ventures all participated. Casper launched in April this year and will use the new funding round to expand its product base. “Since launching this spring, we have been inundated with requests to expand our product line,” says Philip Krim, CEO and co-founder. “We’re excited to explore new opportunities with the same innovation, engineering, and testing that allowed us to develop our critically-acclaimed mattress.”
Social Tables, an events planning platform, has raised $8 million in Series A funding, led by Bessemer Venture Partners. Thayer Ventures and previous investors Militello Capital, 500 Startups, Middleland Capital, and Fortify Ventures also participated.The company has now raised a total of $9.6 million in funding since being founded in 2011.
All Def Digital, a cross platform entertainment network co-founded by Russell Simmons, has raised $5 million in funding. The Series A round was led by Greycroft Partners with participation from Advancit Capital, Nu Horizons Investments and e.ventures. The company will use the funds to develop artists and talent initiatives and accelerate its branded entertainment projects. “We have had the pleasure of backing some great teams in this sector and when we had an opportunity to invest in ALL DEF DIGITAL, we jumped at the chance,” said Greycroft’s Mark Terbeek.
Funding
Pivot3, a supplier of hyper-converged infrastructure, has closed a $12 million funding round led by S3 Ventures, with participation from InterWest Partners and Mesirow Financial. The company will use the funds to for product development and growth. “Pivot3 products leverage innovative technology to solve important business problems in large markets. The company’s growth is impressive, their customer references are excellent and their potential is unlimited,” said Brian R. Smith, Managing Director, S3 Ventures. Pivot3 provides infrastructure appliances for the video surveillance, VDI and data center markets.