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VCPOST Staff Reporter

Smore

US web design platform Smore raises $1.7M in seed funding

Palo Alto, California-based single-page promotional website design platform raised $1.7 million in a seed funding round ledyby Founder's Co-op to expand its market reach, improve its products, and enable mobile content creation.

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Drivy.com

French car rental startup Drivy secures $8.3M in funding for European expansion

Paris-l’hospital, France-based car rental startup Drivy secured $8.3 million (€6 million) in a new funding round with Index Ventures and Alven Capital as lead investors to fuel its expansion in Europe.

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Optimizely

American website testing platform Optimizely raises $57M in Series B funding

San Francisco, California-based website testing and optimization platform Optimizely raised $57 million in a Series B funding round led by Andreessen Horowitz to hire as many as 250 additional staff within this year.

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PEAR Sports

California fitness app PEAR takes home $5M in Series B round

Irvine, US-based fitness trainer app PEAR Sports took home $5 million in its Series B funding led by previous backers Innovate Partners and Nordic Ventures to ramp up its marketing efforts and third-party sales.

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Smarty Pants

US vitamin seller SmartyPants bags $2.2M via equity crowdfunding

Venice, California-based online vitamin seller SmartyPants Vitamins bagged $2.2 million in a new capital raising via San Francisco-based equity crowdfunding platform CircleUp to develop new products and expand its workforce.

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Kabbage.com

US-based e-commerce lending firm Kabbage lands $50M in Series D financing

Atlanta, Georgia-based e-commerce lending firm Kabbage Inc landed $50 million in its Series D financing led by SoftBank Capital to provide $500 million worth of loans for small online businesses by the end of 2014.

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PayPal

PayPal fires exec Rocky Agrawal after Twitter meltdown

San Jose, US-based payments giant PayPal fired Rakesh "Rocky" Agrawal as its vice president (VP) of strategy this weekend after releasing some insulting words about his colleagues on the social network Twitter.

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Prosper

American P2P lending marketplace Prosper raises $70M for growth

San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.

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Liquefied Natural Gas (LNG) Ltd

LNG closes $49.5M in placement for Magnolia facility

Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.

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StreetShares

US social lending firm StreetShares bags $1.2M in seed round to back veteran-owned businesses

Reston, Virginia-based social lending marketplace StreetShares bagged $1.2 million in its seed funding round with Accion Venture Lab as the lead investor to back veteran-owned and main street businesses after it launches this month.

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MyFitnessPal

US-based fitness app MyFitnessPal to launch localized apps for Asian expansion

San Francisco, California-based nutrition and fitness startup MyFitnessPal is set to launch localized apps with additional languages to build its audience in Asia, particularly in China, Japan, and South Korea.

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Mainstay Medical

Mainstay Medical raises €18M in Dublin and Paris listing

Dublin, Ireland-based medical startup Mainstay Medical raised €18M as it completed a listing in the Iris Stock Exchange (ISE) to fund the clinical trials for its product in the US and Europe next year.

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Yellow taxi

New York taxi firm Yellow Cab buys rival Rochester Taxi

New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.

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Andrew Forrest

Mining tycoon Andrew Forrest acquires Australian beef processor Harvey Beef

Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.

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Calumet Photographic Inc

C&A adds bankrupt Chicago photo chain Calumet in $4M deal

Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.

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