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Funding

Funding

NYC’s Birchbox Scores $60 Million in Series B Round

All of the Birchboxes. (Facebook)

Birchbox announced this morning that it’s just closed a $60 million Series B led by Viking Global Investors, along with existing investors First Round Capital, Accel Partners, Aspect Partners, Glynn Capital, Comcast Ventures, Sam Lessin, Consigliere Brand Capital, Slow Ventures, Red Swan Ventures and TriplePoint Venture Growth BDC Corp. Read More

Funding

Flatiron School Scores $5.5 Million in Funding, Vows To Become ‘Super High-End Vocational School’

Students at the Flatiron School learnin' stuff. (Flatiron School)

The Flatiron School announced this morning that it closed a $5.5 million funding round, led by Charles River Ventures (CRV) and Matrix Partners. Additional investments came from Box Group and other angel investors.

The money will allow the school —  which offers intensive twelve-week courses in web and iOS development — to really focus on improving the quality of education it offers its students.

“Where most companies take capital to grow, we took it to slow down and make sure we could really get the product right,” Flatiron dean Avi Flombaum told Betabeat. “We can continue our interesting classes, and focus on quality and experience of education — and not just stamping out into other cities and homogenizing our brand.” Read More

Funding

Brooklyn-Based SocialGuide, a TV Guide for the Twitter Era, Is Raising a $500K. Debt Round

Screen shot 2012-01-29 at 4.35.04 PM

SocialGuide, a startup that determines what TV shows and movies are popular by combing Twitter and Facebook, is in the process of raising a $500,000 debt round, according to the company’s latest SEC filing via FormDs.com. The first sale of securities, which includes both “debt” and “option, warrant or other right to acquire another security,” was on January 17th. SocialGuide has already raised $400,000 from 10 investors towards the round, with $100,000 to go.

“We are in a position as a company where we’re looking to achieve profitability over the next two quarters,” CEO and founder Sean Casey told Betabeat by phone. “We decided to put together a note that will help us get there. It was just the right financing.”

The Brooklyn-based service, located at 68 Jay Street in Dumbo, bills itself as “the first real-time Social Programming Guide.” By ranking what’s popular on social networks, according to keywords counts, and then surfacing “the shows that your friends are talking about,” the company is able to recommend what’s worth watching. No more hearing about the “Downtown Abbey” Christmas special a week after everyone else tumbled their favorite Dowager Countess-isms. In September, SocialGuide, which previously went by the name Talkwit, introduced a similar service for movies, which is currently in beta.

But its real value may be in data it collects about the budding field of social TV. Read More

Funding

Numberfire, Data Science for Fantasy Sports, Raises $650 K. Seed Round From RRE, David Tisch, Eliot Durbin

No actual footballs were harmed in making of this startup

This is our second funding scoop of the day. Who wants to make it a hat trick?

Numberfire is a New York startup company taking an algorithmic approach to crunching data, helping fantasy sports nuts find the best players at the lowest prices. Founder and CEO Nik Bonaddio got his first $100,000 in seed capital from Regis Philbin, after starring in an episode of Who Wants to Be a Millionaire.

Nothing against Regis, but the company has now put together a slightly more tech savvy group of investors. Numberfire, a graduate of the recent ER Accelerator program, has raised a $650,000 seed round from investors that include RRE Ventures, Pennyblack’s Eliot Durbin and TechStars David Tisch. Read More

Funding

DailyWorth, A DailyCandy For Money, Raises $2 M. From Joanne Wilson and Howard Lindzon

$$$ in you inbox

65 percent of women are the CFOs in their household, meaning they make the principal financial decisions. When serial entrpreneur Amanda Steinberg was looking to create an email business, she fixated on improving women’s financial smarts, something she had struggled with as a new mother buying a new home. And so DailyWorth, a sort of DailyCandy for money, was born.

The company has just raised $2 million from a group of angel investors led by Joanne Wilson and Stocktwits founder Howard Lindzon. Other investors include 500 Startups Dave McClure, TechStars Dave Cohen, networking artiste Peter Shankman and Eric Schmidt’s TomorrowVentures. That brings its total funding to just over $3 million. “Amanda is an experienced entrepreneur and web developer. She’s got a great set of skills and is tapping into a big market,” said Ms. Wilson. Read More

Funding

Tracks Lands $1 M. Seed Round From General Catalyst and Photobucket Founder Alex Welch

Time to make Tracks

It’s been an interesting path for Tracks, a mobile photo sharing app that hopes to connect users around what it calls the “experience graph”. “We came out at TechCrunch disrupt in May,” says founder Vic Singh. “But then we relaunched in September and found some real traction. That let us put together a seed round and it feels great to go into the new year with some momentum and capital,”

Today the company announced a $1 million seed round from General Catalyst, TMT Investments, Eniac Ventures (where Mr. Singh is a general partner), AppFund, BHV Ventures, Harbor Road Ventures, Atventure.us, and a handful of angels investors including Photobucket founder Alex Welch, who will be joining the company’s board. “It’s a big validation to us that Alex is so interested in the company, given his history in photos.” Read More

Funding

Exclusive: Jake Lodwick Raises $1-2 M. To Build Elepath, a Software Studio

Who dreams of electric sheep

Vimeo co-founder and internet eccentric Jake Lodwick has just raised around $1.5 million from a gaggle of big name New York tech types including Chris Dixon, Lerer Ventures, David Karp, Bre Pettis and David Tisch. The interesting part is, he doesn’t have an idea for a product, at least not yet.

“I just don’t think it makes sense to have a product idea, THEN raise money, THEN build a team,” Mr. Lodwick told Betabeat over Gchat last night. “People need to trust each other and build up momentum as a team and once we have that, we can drop everything and focus on a great product idea.” Read More