In spite of the gloomy funding trends this year, there’s still hope for entrepreneurs in need of cash before the year ends. Web and mobile startups are exploring all possible funding options to start or keep the business going. Securing investor confidence takes time, careful planning and sometimes several investor pitches. It is important for startup founders to understand funding better—not just the mechanics of it, but what investors are thinking to win their confidence. The following 10 technology startups successfully raised over $120 million this week for new products, expansion and hiring purposes.
#DataStax, a developer of enterprise, “big data” software, scored $25M in a Series C funding round. The round was led by Meritech Capital Partners.
# Insightly, a developer of customer relationship software for small businesses, secured $3M in a financing round. The round came from Emergence Capital Partners.
# Dyn, a provider of domain name service (DNS) and email services, raised $38M.. The round was led by North Bridge, and also included Borealis Ventures.
# Buuteeq, a developer of digital marketing software for boutique hotels, raised $10M in an investment round. The funding came from Madrona Venture Group and from software firm Concur.
# NGDATA, a developer of big data analysis software, raised $2.5M to open up new offices in San Francisco and New York. The funding came from ING, Sniper Investments, Plug and Play Ventures and angels.
# thredUP.com, which operates an online service which helps parents resell their kids outgrown clothing, secured $14.5M in a Series C financing round. The round was led by Highland Capital Partners, and also included Trinity Ventures and Redpoint Ventures.
# Jelli raised $9M in a new funding. The round was led by new investors Intel Capital and Relay Ventures, and also included prior investors First Round Capital and angel Roger Ames (EMI Music). Jelli operates an online, social radio platform which engages listeners with crowd-sourced playlists and game mechanics.
# Rainstor, a developer of database technology for the big data market, scored $12M in a Series C funding round. The round came from Credit Suisse and Rogers Partners.
# Trifacta, a developer of visual software for the big data market, raised $4.3M in a funding round. The round came from Accel Partners, X/Seed Capital, Data Collective.
# Expect Labs, which develops MindMeld, a group voice calling app for the iPad, scored $2.4M in a funding round, the firm disclosed this week. The round came from KPG Ventures, Google Ventures, and Greylock Partners.