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June 16, 2014
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San Francisco-based on-demand grocery delivery startup Instacart has raised $44 million in a Series B round led by Andreessen Horowitz with participation from previous backers Sequoia Capital, Khosla Ventures, Canaan Partners, Aaron Levie and Sam Altman. Instacart provides home delivery from supermarkets in less than an hour, using a crowdsourced, marketplace model to connect users with personal shoppers. Founded in 2012, Instacart has raised $55 million to date and is currently available in 10 U.S. cities including San Francisco, Los Angeles, and New York City.
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Hong Kong-based internet finance startup WeLab has raised $14 million in a Series A funding from Sequoia Capital and Li Ka-shing. WeLab provides credit risk management tools to help companies better evaluate and price their credit risk. Founded in 2013, WeLab has already attracted over 6,000 members to its WeLend peer-to-peer online lending business and will use the new cash to expand into mainland China.
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Raleigh, North Carolina-based sensor tech startup Valencell has raised $7 million in a Series C round from TDF Ventures, True Ventures and Best Buy Capital. Valencell develops multiple form wearable biometric sensors that continuously measure heart rate and activity. Founded in 2006, Valencell has raised over $13 million to date and will use the latest funding to support increasing market demand for its sensors, ramping up technological development, sales, and marketing efforts.
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Since the last email, CrunchBase captured more than 41 rounds and $245 million in fundings... and the data keeps rolling in.
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Top Funding Rounds
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Instacart
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Instacart is a same-day grocery delivery company delivering ...
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WeLab
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WeLab is disrupting traditional credit services in Greater ...
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Valencell
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Valencell develops PerformTek, a sensor technology that ...
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Zhihu
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Zhihu is a socialized website for questions and answers ...
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91JinRong
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91Jinrong is a Chinese online financial intermediary.
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Dream Weddings
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The company’s Dream Wedding social media game offers ...
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LeukoDx
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LeukoDx is a development-stage company advancing its novel ...
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CounterTack
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CounterTack provides an in-progress attack intelligence and ...
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PodPonics
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Podponics produces local food in urban centers, using an ...
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PlayBuzz
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PlayBuzz enables users to create simple online playful ...
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Moment.me
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Moment.me platform scans social media websites and presents ...
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Elite Daily
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Elite Daily is an online destination that offers ...
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$1.5MM
/ Convertible Note
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Chic by Choice
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Hire designer dresses curated by boutiques and department ...
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Atlas Cloud
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Atlas Cloud are a leading provider of cloud IT services ...
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Did we miss anything?
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Since our last email, 1718 CrunchBase profiles were updated. Sometimes that isn’t enough to catch everything that goes on, so please add your contributions and help us make CrunchBase more awesome!
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