Funding buzz : Penrose Studios, expense Check and many more raise funds

Round up of the major fundings that dominated the Startup sector, nationally and internationally

March 14, 2016 5:08 IST | India Infoline News Service
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Penrose Studios, the virtual-reality startup founded by former Oculus VR exec Eugene Chung, announced that it has raised $8.5 million in seed-round funding. The financing was led by Accelerate-IT Ventures with participation from TransLink Capital, Suffolk Equity and 8 Angel. (VARIETY)

A start-up that promises to save small businesses money on their utilities and services bills, Expense Check, has raised $1 million in capital, led by Industrie IT's venture capital fund The Grid. (FR)

Indonesian online marketplace for architects and interior designers Arsitag have received an undisclosed seed funding from East Ventures. Arsitag allows architects and interior designer to upload and showcase their portfolio, as well as connect with one another as well as potential clients. Clients can even search for services based on location, style, and many other deciding factors. (E27)

Agarwal Movers Group the relocation experts have invested about $14.9 Mn (INR 100 Cr.) in Trucking Cube which is changing the way packing and moving is carried in the country. Trucking Cube assures safe-delivery of goods with zero transhipment, zero damage, zero loss to its household and commercial customer. (INC42)

Online lending platform EZBob Ltd has raised £20m (about $28.3 million) in Series C funding in a round led by Leumi Partners and Oaktree Capital Management. The company will use the new funds to increase its lending capacity and continue to develop its technology platform. (VB)

Marley Spoon, the cook-at-home food delivery service that competes with the likes of Gousto, Blue Apron, Plated, and Rocket Internet’s HelloFresh, has closed $17 million in Series B funding. Backing comes from QD Ventures, Kreos Capital, and existing investors, including Lakestar. It brings total funding raised by the Berlin-headquartered company to $32 million. (TC)

Icertis Solutions, an ERP solutions firm has raised Rs. 100 cr. in series B funding led by Ignition Partners LLC. With the fresh round of funds, the company intends to increase its physical presence globally, marketing spends and investment in the Icertis contract management platform to strengthen its leadership position. (DC)

The logistics arm of Alibaba, Zhejiang Cainiao Supply Chain Management Co. (Cainiao), has raised an undisclosed funding round that includes participation from Singapore’s Temasek Holdings. (E27)

LendInvest, a peer-to-peer short-term mortgage finance platform, has raised £17 million ($24.4 million) from venture capital firm Atomico, the second big investment into the so-called "PropTech" sector in as many weeks. (BI)

Online medicine delivery aggregator eSwasthya.in raised undisclosed angel fund from Lothal Angel Ventures. Ahmedabad-based startup eSwasthya.in, provides healthcare products delivery at patient's door step. (ET)

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