Townsquared Raises $5.3M & Plans Expansion Across the Country

Townsquared, a Nextdoor-like platform for local business owners to connect and share resources has recently raised $5.26 million from Floodgate and August Capital. The news came along with the launch of iOS app earlier this week.

Currently, it’s  available in New York City and San Francisco only, but they have plans to expand across the rest of the US eventually. So, the money will mainly go into expansion. Read More

Le Tote, a Fashion Startup Bags $15M

Le Tote, an on-demand fashion startup has recently raised $15 million in Series B funding on Thursday to accelerate the growth of its Netflix-style clothing service.

The round was led by AITV led while the other participants included Lerer Hippeau Ventures, Azure Capital, Simon Venture Group, Epic Ventures and Funders Club.

The Y Combinator-backed company has raised $22.55 million to date from investors such as Andreessen Horowitz, Google Ventures and Arsenal Venture Partners.


The San Francisco-based Le Tote was co-founded in 2012 by Rakesh Tondon,  as a data-driven fashion subscription service that provides on-demand boxes of apparel and accessories to customers for a flat monthly fee of $49 per month.

Company claims to be on track to deliver more than two million items to customers and increase revenue 500 percent year-over-year by taking a big number of workforce onboard.

“We’ve been helping empower women and improving their lives by making fashion affordable and accessible to every woman in America everyday while also rethinking how people interact with their closets and the retail industry as a whole,” Tondon said in a press release. “We’ve built up a top-notch leadership team over the past year that is already helping us more effectively analyze and share data with brands and customers, and we’re ready to do so much more with the continued support of our investors.”

LISNR Raises $10 Million in a Series B Round

Smart tone startup LISNR just raised a $10 million series B round. The funding round was led by Intel Capital. The $125 million fund, which Intel announced earlier this year, was created to invest money in startups with female or minority founders.

LISNR with this funding in hand aims to further advance the product as “a true protocol to connect devices across a number of different verticals,” LISNR co-founder and CEO Rodney Williams said. Read More

TuringSense Bags $3M Funding; Kickstarter for “PIVOT” Predicted Sooner

All is well with TuringSense, a wearable sports technology pioneer these days as it recently announced a successful funding of $3 million in the latest seed.

Some of the key investors for this funding round included ChinaRock Capital, SV Tech Ventures, Angel Plus, Zen Water Capital, Ideosource among others. Read More

Clip the Mexican Mobile Payment Service Raises $8M

Mobile payments provider Clip has raised $8 million in a recent funding round led by local firm Alta Ventures and including new backers American Express and Sierra Ventures.

As per company announcements, the recently generated fund, which was also backed by Angel Ventures Mexico, Mexico Ventures and Endeavor Catalyst, will be used to further domestic expansion. Read More

Fountain, the Mobile Advice Marketplace Acquired By

Fountain, a startup by Mint’s founder Aaron Patzer’s is acquired by home services platform for an undisclosed amount. And this is the first-ever acquisition of

Fountain is an on-demand answers app which is likely to replace Porch’s Home Assistant program. As the operations move forwards a new office will be opened in San Francisco, California. Read More

Endurance Acquires Constant Contact For $1.1 Billion

Constant Contact is said to be acquired by Endurance International Group Holdings Inc. According to Reuters, the news surprised the investors and took the shares down by 20%.

On the other hand, Endurance International Group Holdings Inc seems very much satisfied with the acquisition. “Buying Constant Contact is a sound investment that will give the company access to 500,000 new customers”, says Chief Executive Hari Ravichandran. He said this is a recent interview. Read More

Verge Genomics Raises $4M in Seed Financing

Verge Genomics, a drug discovery startups has recently been funded with a total $4 million. The seed financing round led by IA Ventures also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Ventures and private investors.

Verge claims to find new cures for brain diseases 1000 time  cheaper and quicker using their proven network algorithms. Read More

RelayRides Raised $47M in Round C & Renamed itself as Turo

It’s time to say goodbye to peer-to-peer car rental service RelayRides, and say hello to Turo! The company has just announced a $47M funding that came from Kleiner Perkins, along with Google Ventures, Shasta and Trinity Ventures. Read More

Lumo Bodytech Raises $10M

Lumo Bodytech a Palo Alto, California based startup that offers posture and activity tracking devices, has recently raised $10 million in a round led by WuXi Healthcare Ventures. Existing investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital also participated in the round. Read More