Bluedot Funded $9.1M for Expanding Location Technology

Location Technology

Bluedot based San Francisco, CA. A location technology company has a mission to unlock the power of place by helping businesses leverage location to build meaningful interactions and frictionless experiences for consumers on the go. This company continues to grow as consumers demand and expect businesses to deliver timely, convenient, and contactless services.

Bluedot has funded $9.1 million in Series B funding led by Autotech Ventures, including support by existing investor Transurban and fresh investors Forefront Ventures, IAG Firemark Ventures, and Mighty Capital.

The new funding is for expanding their technology to power more impactful experiences for consumers’ on the go. Led by Emil Davityan, CEO, Bluedot provides established location services technology that allows brands. Focusing on driving communications in prompt service and fast-casual restaurants, retail, and transportation industries to give customers value leveraging location insights toward mobile apps at the right instants.

The company also announced the launch of Tempo, a predictive time-based arrival technology that will allow businesses to receive real-time alerts to know when a consumer is approaching. That sounds particularly useful during a pandemic when enterprises are more interacting with customers via curbside pickup and drive-thru.

Based on Emil Davityan, CEO of Bluedot. Mobile location data is essential, but also changing and continually evolving. As enterprises strive to achieve improved, brand-owned experiences, location is the catalyst. They power the bespoke on-the-go customer experiences, privacy and security have always been top of mind – and that is not changing. Enterprises entrust them with their first-party customer data to deliver robust, valuable interactions. They do not sell or share location data.

They are proud to have global brands as Dunkin’ Donuts, McDonald’s, and Transurban entrust them with their first-party customer data. 

By: K.Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Accelerate the Digital Health Development BrightInsight Funded $40 Million

Digital Health

San Jose, California based BrightInsight Inc., the leading global digital health platform for biopharma and MedTech. Has been funded $40 million in its latest round of financing. Series funding led by Insight Partners with existing investors, New Leaf Venture Partners, and Eclipse Ventures.

Since launching the BrightInsight Platform in 2018, it has fast established itself as the de facto underlying digital health foundation for the world’s top biopharma and MedTech companies.

BrightInsight plans to apply the funds raised to significantly scale up team growth and general availability for its platform. Projected growth involves a new regional customer delivery center into European and Asian markets.

The funding will also enable its analytics functionalities to invest more, allow its customers to drive more valuable insights faster, and begin new pre-built software assets to improve and accelerate their digital clinical trials.

As an outcome of the venture, Peter Sobiloff, a managing director at Insight Partners, will take a seat on its directors.

Based on a statement of Sobiloff, BrightInsight has emerged as the precise technology and execution leader in a market. That is overgrowing, and its expanding list of company customers verifies biopharma and MedTech companies’ need for a standardized underlying platform to promote their new digital health offerings.

They are excited to work closely with the BrightInsight team as they enter this exciting phase of growth and push the enterprise towards more personalized and enhanced care.

The funding for BrightInsight comes as digital therapeutics, and related medical devices are becoming more relevant to patients in a world where telemedicine has become a necessity. Healthcare providers around the globe are turning to digital tools to comply with social distancing guidelines executed to halt the spread of COVID-19. Furthermore, the expanse of this kind of technology is expected to grow geometrically in the near feature.

In this latest world of healthcare, services that help companies adhere to regulatory guidelines and provide windows into how patients are using these tools become infinitely valuable.

By: K. Tagura

Author Statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Enhancement Sales Platform Outreach Funded $50M

Sales Platform

Customer relationship management software has shifted a deciding piece of IT when it comes to making business done, and today a startup focusing on one particular aspect of that stack sales automation.

Seattle, Washington-based Outreach, one of the largest sales engagement platform providers, was funded $50 million in a Series Sands Capital led f round in financing with participation from Salesforce Ventures. Also, new investor Operator Collective will be participating in surviving investors, which include Spark Capital, Meritech Capital Partners, Trinity Ventures, Mayfield, Sapphire Ventures, and Lone Pine Capital.

Outreach will use the funding to proceed in delivering new revolutionary technologies like Outreach Kaia, the new Knowledge AI Assistant. It is also moving ahead with its expansion plans and investing in new markets. Outreach’s finances will help not only transform sales engagement but revolutionize the entire customer lifecycle for go-to-market teams.

The platform today essentially integrates with a company’s existing CRM, be it Salesforce, or Microsoft’s, or something else. It provides a SaaS-based set of tools for helping to source and track meetings, has to-hand information on sales targets, and a communications manager that allows for outreach calls and other communication in real-time.

Outreach intends to address these difficulties in part through AI-enabled solutions. First up is Kaia, a voice-powered knowledge assistant programmed to launch in beta that brings together intelligent sales enablement and automation elements.  Kaia integrates with Zoom and supports video recording with real-time screen sharing, call recording, and transcription. Moreover, it lets sales reps review calls for training and coaching, and it provides flashcards that highlight information on topics like product specifications, competitor comparisons, and stakeholder knowledge.

Outreach has a growth rate over the past year, increasing its employee count to almost 600 employees, extending to new locations in the U.S. and U.K., as well as hosting the most significant virtual sales conference in North America with more than 14,000 registrants.

By: K. Tagura

Author Statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Postman Funded $150M Secured in Series C Investment

Investment

Postman, it is the leading platform for API development in San Francisco. Postman funded $150 million Series C investment, bringing its valuation to $2 billion. The Series C round, led by Insight Partners, is Postman’s most significant funding round to date. Insight Partners joins existing investors CRV and Nexus Venture Partners in this round.

APIs are the primary building sections of all modern connected software. The Postman API Platform helps them accelerate their pace and effectiveness of software development.

Postman is dominant in the shift to an API-first approach. Building APIs at the start of the development cycle and participating between all shareholders like product management, DevOps, and quality engineering.

By Enterprise Strategy Group, companies applying the Postman API Platform display vast improvements to API development, participation, and testing. These improvements include API development that is five times faster, an engagement that is ten times more effective, and the ability to find bugs four times faster.

According to Jeff Horing, the co-founder and managing director of Insight Partners, the significant point that is why they lead the investments is the combination of the market opportunity and the management team. Postman’s proven that, and they show they are ready to become the software industry’s next great success.

Postman has more than 11 million users, and as that number has grown, they have occupied in a remarkable dialogue along the way. Their clients tell them all the concern points in an everyday situation and what is not working.

They are working hard to do right now is new features and improvements because they want to help their clients to build high-quality APIs and, at the same time, realize the promise of faster software development with fewer bugs.

With this new investment, they will accelerate their product development design and engineering around the world.  It will also fund the resources for its community through webinars and by distributing instructional materials.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Bonusly Startup Funded $9M for Employees Platform

Employees

A Boulder, CO-based Bonusly startup launched in 2013, was one of the first companies to operate the shift about real-time, employee-centric recognition, feedback, and people analytics that encourage employees to reward each other.

Bonusly funded $9 million series A financing led by Access Venture Partners, Next Frontier Capital, Operator Partners, and with the participation of existing investor FirstMark Capital.

The investment is the result of the Bonusly team’s hard work and dedication. It also speaks to the tremendous opportunity to empower companies and their employees to be successful as the workplace requires, challenges, and expectations continue to progress.

Bonusly, employees get a monthly allotment of “points” that they can give to each other as a reward for good work. The recipient can then repurchase those points at any time as cash through PayPal or credit at one of the company’s vendor partners like Amazon, Chipotle, or Nike.

According to co-founder and CEO Raphael Crawford-Marks, the idea is to promote a sense of community and increase morale within a company, giving employees a chance to appraise by their heads and coworkers outside of typical methods like performance reviews and paychecks.

The funding will use to continue to grow their team and develop its market-leading recognition and rewards platform. Bonusly is working on additional products and features that we will share with the public soon.

Bonusly is delighted to partner with companies and leaders worldwide to improve communication, collaboration, morale, and team cohesiveness.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Arterys $28 Million Funded for Clinical Platform

Ecosystem Technology

A global medical imaging platform in San Francisco, CA, the Arterys was funded $28 million in series C funding.

The Benslie Investment Group and Temasek Holdings led series C investment, participated with Fosun, Revelation Partners, Emergent Medical Partners, and Varian Medical Systems.

Arterys is one of the global medical imaging platforms to bring clinical AI products over the internet. Its objective is to convert healthcare by transfiguring radiology. The Arterys platform is 100 percent web-based, AI-powered, and has USA FDA clearance, open simple clinical solutions.

This new round of financing intended to broaden its ecosystem containing a broad set of partners on the new marketplace that utilizes its cloud platform.

A specific focus will be to accelerate partners’ efforts to bring new clinical-grade AI applications to contributors by broadening the Arterys technology platform to application participants to combine AI into their workflows, the company said.

Because they are technology and AI, the current crisis has shown to them necessarily different approaches in providing healthcare are crucial for future access. Arterys dedicated to transforming the way AI combined into the medical workflow, which is long due in the industry.

Arterys acting CEO John Axerio-Cilies said they realized they could not transfigure the healthcare system alone.

Because of the support of other technology and strengths, they build their core products (Arterys Cardio AI and Arterys Lung AI) that are now available to universities and medical innovators companies around the world. They can benefit from regulatory support, channel partnerships, performance, security, and excellent hospital system integrations.

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

By: K.Tagura

Spruce Funded $29M for Real Estate Innovation

Real Estate

A large number of companies have introduced to digitize all aspects of real estate, from estimating valuations to observing operational costs and underwriting mortgages.

Spruce is one of those companies in New York City that has a digitized platform for enabling online real estate transactions.  The company funded Scale Venture Partners led $ 29 million in growth capital with participation from Zigg Capital and Bessemer Venture Partners.

The funding intends to use in the team’s expansion, accelerate the development of its proprietary technology, and deepen integrations with client partners.

Spruce founded back in 2016, led by Patrick Burns, CEO. This company provides a platform for powering online real estate transactions, including handling titles, ensuring all closing docs completed, and monitoring compliance in every geographical jurisdiction they operate.

Since the global pandemic is happening right now, most buyers cannot attend because of social distancing policies. The outcome of this was to scramble the traditional real estate closing, which needs attorneys and other work together to get all documents signed. Spruce and other digitalization startups in the space are composed to transition more of that paperwork onto their platforms as industry participants look for online approaches.

The company presently has operations hubs in New York, Texas, and California. Since its launch, Spruce has grown to service transactions nationwide, from operations hubs in New York, Texas, and California.          

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

By: K. Tagura

Clear Labs Funded $18M for COVID-19 Diagnostics

Automated

Clear Labs is a US-based provider of an automated and food safety testing technology that has been funded $18 million. The funding led by Redmile Group, Wing VC, Menlo Ventures, Tyson Ventures, and Khosla Ventures, GV, Felicis Ventures, and HBM Genomics.

These funds intend to used to commercialize the company’s food safety platform and to leverage the underlying Next Generation Sequencing (NGS) technology in the clinical market, mainly to enhance the availability and quality of COVID-19 diagnostic tests.

Specialists agree that the shortage of COVID-19 testing has been a large factor in the spread of the virus in the United States.

While the lack of ability to trace infection group and transmission routes this could lead the way to difficult resistance against new and emerging pharmaceutical interventions intended to target COVID-19.

Clear Labs provides a fully- automated and intelligent diagnostic NGS platform flexible and robust architecture. It had allowed the company to develop a genomics-based essay that hasn’t before existed in the clinical space.

This platform supports the latest technology in molecular testing by combining DNA sequencing, bioinformatics, and robotics to protect the global food supply and enhance preventative food safety management systems.

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

By: K.Tagura

$38M funded! Series A Financing to Nitrome Biosciences

Nitrome Biosciences

Biopharmaceutical company Nitrome Biosciences in San Francisco, CA, developing a platform around a newly identified class of enzymes to target Parkinson’s disease and other age-related disorders.

In development, the therapies will target these enzymes and potentially help slow or halt the progression of diseases such as Parkinson’s while the initial focus is on Parkinson’s disease, the company target to expand its proprietary platform to include other disease indications.

The Series A financing has closed of $38 million funded co-led by Sofinnova Partners and AbbVie Ventures. AbbVie’s corporate strategic venture capital arm, with further participation from the Dementia Discovery Fund, Mission Bay Capital, and Alexandria Venture Investments.

The financing planned to support the advancement of Nitrome’s lead program targeting Parkinson’s Disease toward human clinical proof of hypothesis studies and to explore the execution of the company’s platform technology in other age-related disorders. Because globally have Parkinson’s disease is around 7 million to 10 million individuals and some 1 million in the United States.

Conducted by Doctor Irene Griswold-Prenner, Ph.D., Founder, CEO, and CSO, Nitrome Biosciences is a platform company developing drugs against a newly identified class of enzymes called Nitrases, initially targeting Parkinson’s disease.

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Here Is What Small Business Owners Should Know about Angel Investors

When you have a small business, and you are serious about its growth and expansion, you have to use every option available to you to get the funds you need. In some cases, venture capitalists are not really a good fit for funding the startup or small businesses. They focus a lot on the returns they get from their investments, and somewhere in that attempt, they forget to pay enough attention to the needs and limitations of small businesses. One of the best solutions for small businesses to get the required funds is angel investors.

What Is an Angel Investor?

The name angel investor should give away why the industry calls them that. Other names for angel investors include angel funders, informal investors, business angels, etc. An angel investor is mostly one person, but may also be a very small group of investors. They invest in startups and small businesses that most venture capitalists would consider too risky for investment. They try to be extra helpful for startup and small business owners by providing the required funding and also helping with advice on matters.

In many cases, the angel investor will put his/her own money on the line to help your business. The reason for their investment in the risky business is that they are independent in their decisions. They might find your product interesting even when others don’t see any scope in it. You would not expect them to invest huge funds compared to those from venture capitalists but with their popularity increasing with time on the internet, angel investors can also invest huge amounts now.

A Detailed View of Angel Investors for Small Business Owners

Types of Investments

The first thing to know about angel investors is the type of investments they are leaning towards usually. The interest and motivational factors are different for angel investors compared to those of venture capitalists.

An angel investor is willing to invest in startups. It is easier to convince an angel investor to invest in a startup than it is to convince a VC. However, even a VC will show interest in a small business in its early stages if they are 100% sure of its potential and future success.

One of the most important things to point out here is that angel investors are highly interested in local businesses. If you run a business in New York, you would want to find investors in New York. Angel investors like to support their local communities and economy. Furthermore, local businesses are easy for them to test for their validity. As for the market type, angels prefer to invest in businesses that are playing against small competitors. If your business is about to become a part of a contemporary market with several giants already monopolizing it, the angel might not show interest.

Their Favorite Places

When looking for investment for your business, you must know where you can possibly find angel investor. There is no specific place that you can say has the best angel investors. However, you can try fundraising advisors to help you find the investors that would be interested in investing in your business. You can search for angel investment groups in your area or on the internet. The good thing about such a group is that you have a higher chance of persuading someone to invest in your idea.

You will be glad to know that angel investors love to be a part of events where they get to see various business owners from around the country pitching their ideas. Their events are more common than VC events. In fact, it is much easy to attend their events because the entry is not expensive and you can find them even in small cities. You can also find angel investors online. There are websites that specifically put small business owners in touch with angel investors. All you have to do is create a compelling pitch, so investors can see how serious you are with your investment needs.

The Way to Compel and Persuade Them

It would be wrong to say that angel investors are interested in ideas alone. In fact, that’s where the angel investors differ entirely from venture capitalists. They don’t focus solely on the business idea and its scope in future. An important part of their decision-making process is to know the entrepreneur and his/her team. It does not matter how unique your business idea is because if you and your team are not convincing enough, they will not invest in you. They love people who like to get to the point, and that comes off as your strength.

For example, you would want your presentation to be not more than five or six slides. Don’t waste too much time trying to convince them that your idea is different. Get to the point, tell them what you want and how you are going to achieve the targets you have set, and that should be enough. When you sit down with angel investors, be sure to value your company reasonably and offer them a sensible share. A crucial thing to remember is that it takes you much more time to find the right angel investors than it takes to convince them. Miss one opportunity and you could end up spending months and years looking for another investor to listen to you. Don’t blow your opportunities away once you get them.

From the information above, it might sound angel investors are much more flexible than VCs, and that’s true to some extent. However, this should not give you the impression that angel investors are non-professional. They expect due diligence from you before finalizing a deal.

Make sure you have protected your unique ideas with patents and proper technology before you present them with your idea. Secondly, have the right permissions, certificates and other documentation on hand to show that you have everything in place. In the end, be on top of your security game, i.e., you must know how new security-related regulations around the world are going to affect your business and how you will tackle them.

Access our network of Angel Investors, Venture Capital or get instantly matched with a Lender, or get a business plan by visiting us Funded.com