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November 12, 2013
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Virginia-based custom t-shirt company CustomInk has raised $40 million in funding from Revolution Growth, the investment fund from Steve Case, Donn Davis, and Ted Leonsis, who will be joining CustomInk's board. CustomInk delivers more than 20 million custom t-shirts a year, with annual revenues of $200 million. Founded in 2000 and bootstrapped since an initial seed funding, CustomInk will use the new capital to expand its core business, ramp up production, and explore new business opportunities.
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Palo Alto-based online accounting company Bill.com has raised $38 million in a round led by Scale Venture Partners with participation from August Capital, Jafco Ventures, DCM, Commerce Ventures, and others as well as a handful of banks. Bill.com provides banks a platform that connects payments and receivables and manages cash flow so that users can receive, route and pay invoices electronically. Founded in 2006, Bill.com has raised over $70 million in funding to date.
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Since the last email, CrunchBase captured more than 45 rounds and $678 million in fundings... and the data keeps rolling in.
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