Toronto-based social writing platform Wattpad has raised $46 million in a Series C round led by OMERS Ventures with participation from existing investors August Capital, Raine Ventures, and Northleaf Capital Partners. Wattpad provides a platform and community for writers to post and read stories while engaging with one another through feedback, and currently sees around 25 million monthly active users. Founded in 2006, Wattpad has raised nearly $67 million to date and will use the new funds to grow its user group and hire additional staff.
Tel Aviv and San Francisco-based marketing technology company Kenshoo has raised $20 million in a new round led by Bain Capital Ventures with participation from Sequoia Capital, Arts Alliance and Tenaya Capital. Kenshoo allows advertisers to manage all of their online marketing campaigns in one place while providing analytics through its predictive media optimization technology. Founded in 2006, Kenshoo is now valued above $400 million and will use the new cash to fuel global expansion.
Washington DC-based higher education startup Quad Learning has raised $10 million in Series B funding from MentorTech Ventures, SWaN & Legend Venture Partners, New Enterprise Associates, and CNF Investments. Quad Learning wants to bridge the divide between community colleges and four-year institutions through its 2-year honors curricula program. Founded in 2012, Quad Learning will use the funds to expand its reach to 10 community colleges by the end of the year and grow its student population.
Since the last email, CrunchBase captured more than 51 rounds and $353 million in fundings... and the data keeps rolling in.
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