This Week In Startup Funding: These 11 Startups Raised Over $100 Million

This Week In Startup Funding: These 11 Startups Raised Over $100 Million


A lot of startups were under our radar this week. After multiples of investor meetings and negotiations, these 11 startups secured funding from existing and new investors. Entrepreneurs looking for funding spend lots of time researching and seeking advice to get the right appointment for an investor pitch. The National Venture Capital Association in a survey of hundreds of venture capitalists found out that Startup funds will be harder to find in 2012.

Fluid, a developer of design and consulting services for for such brands as The North Face, Quidsi (Diapers.com, Wag.com), Sears, and others,  raised $24M in a growth equity funding. The funding came from Goldman Sachs Asset Management.

Intel Capital, the venture capital arm of semiconductor giant Intel,  invested in two, Brazilian companies, Fashion.me and Coquelux. Financial terms of the investment were not disclosed. Fashion.me is a provider of a social, e-commerce platform focused on fashion on the Internet. Coquelux is an online shopping club focused on premium and luxury flash sales.

Stitch Labs, a developer of cloud-based, small business inventory management software,  raised $1M in a seed funding round. The round was led by True Ventures.

nScaled, a developer of cloud-based, backup and disaster recovery services,  raised $7M in a funding round. The Series A founding was led by Almaz Capital and Doughy Hanson Technology Ventures.

Wheelz, the operator of a peer-to-peer car sharing company focused on college campuses,  raised $13.7M in a funding round. The firm said the Series A round was led by Zipcar, and also included Fontinalis Partners.

Scan,, Inc., a startup which develops a QR code reader for Apple iOS and Android phones, secured $1.7M in a seed round. The funding came from Menlo Ventures, Google Ventures, Charles River Ventures.

CrowdStrike, a stealth mode, security software firm headed by former McAfee CTO George Kurtz,  raised $26M in a funding round.

Luminate, a developer of applications which help make images and advertising more interactive, scored $10.7M in a Series C funding round. The round was led by Nokia Growth Partners.

Pinger, which develops iOS and Android texting and voice chat applications,  raised $7.5M in a strategic investment, the company said this week. The round came from T-Venture.

Milyoni, a developer of social entertainment and games for Facebook, secured $11M in a Series B funding. The funding was led by Oak Investment Partners, and also included ATA Ventures and Thomvest Ventures.

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