the startup rundown

Startup News: From Series Awesome to Series Still Truckin’

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FUNDING FUN. Who is surviving the seed stage slaughter? General Assembly, obviously, which raised $4.25 million from some Russian billionaire and other folksCrowdtap, the on-demand user testing service, just raised a $7 million Series A financing round led by the Foundry Group. “The funds will be used to help continue the rapid growth we have experienced in our first couple years and continue to build a world class platform to help brands connect to, manage and market with their influential consumers.” AppFirst, the “next generation application problem resolution system for the application performance management market,” announced it closed its Series A for $4 million, led by Javelin Venture Partners. “FirstMark Capital and First Round Capital, original backers of AppFirst, also participated in the financing agreement.”

STEALTH RUMBLINGS. Philip Kaplan, a.k.a. Pud of FuckedCompany.com, just sold his startup TinyLetter to MailChimp and is banging away at another, Fandalism, which is some kind of tool for musicians of all types. Fandalism has 197 fans on Facebook, but when’s it coming out? “Within the next 4 weeks-ish, hopefully. Sorry for the delay.” Read More