INGELIANCE Raises $5.3M in Most Recent Funding Round

INGELIANCE a technology  firm based in Angoulême, Poitou-Charentes has recently raised$5.3M from Arkea Capital Investissement as announced on November 28, 2015. This is the first big round for the firm and it plans to spend it on constant technological evolution. Read More

Apple Buys the Motion Capture Company Faceshift

Apple is reported to have acquired Faceshift, a motion capture startup that specializes in translating human faces onto digital avatars. Faceshift is based in Zurich and is best known for having worked on the upcoming “Star Wars” film, helping to bring the galaxy’s aliens to life. Read More

WATCHMASTER Raises $5.5M in Series A

WATCHMASTER a pan-European full-service trading platform for new and pre-owned luxury watches has recently raised $5.5M in Series A. The announcement is made on November 30, 2015. The investors who participated in the round include Cherry Ventures and Piton Capital. Read More

Sony Sold More Than 30 Million PlayStation 4 Consoles Worldwide

Last week Sony announced that it has sold more than 30.2 million units of Playstation 4 worldwide, making it the “fastest and strongest” growing product in the PlayStation family.

Keeping in mind that PlayStation 4 was launched in November 2013, and within two quick years, the PS4 has experienced steady growth. Right in April 2014 (just 6 months after the launch) Sony announced that it sold 7 million units, and in January 2015, that number has climbed to 18.5 million. Read More

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.

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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 Porch.com

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

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