San Francisco

Shakr Media raises $2.3 mln boost to revolutionize online video advertising

Shakr Media hooks $2.3 million in a Series A round to expand tech platform. Their sole investor is POSCO Venture Capital, who assisted with receiving funds from the South Korean government.

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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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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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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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US food delivery startup Caviar bags $15M in seed and Series A funding

San Francisco, US-based food delivery startup Caviar bagged a total of $15 million in its seed and Series A funding led by Winklevoss Capital and Tiger Global to expand into new cities.

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San Francisco payday loan firm LendUp raises $50M in debt funding

San Francisco, US-based payday loan firm LendUp raised $50 million in debt funding from Victory Park Capital to provide small short-term loans for American consumers who have poor or no credit and expand to other states.

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RadiumOne terminates CEO after domestic violence charges

Caving in to public pressure, San Francisco, US-based marketing automation firm RadiumOne terminated its chief executive officer (CEO) Gurbaksh Chahal after he pled guilty to domestic violence and battery charges recently filed against him.

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Neil Young's music startup PonoMusic focuses on production after pocketing $6.2M in Kickstarter campaign

San Francisco, US-based music app and player startup PonoMusic is now focusing on production after it pocketed $6.2 million in a crowdfunding campaign on Kickstarter which ended more than a week ago.

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San Francisco startup Streem raises $875K in seed funding for unlimited cloud storage

San Francisco, US-based large media storage startup Streem raised $875,000 in seed funding from Y Combinator, 500 Startups, and other angel investors to provide unlimited cloud storage for their customers at $20 per month.

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Merus Capital forms special fund to invest in US ad-tech firm AdRoll

Palo Alto, US-based software-focused venture capital firm Merus Capital formed a special Merus Capital Opporunity Fund just after it closed its second fund at $43 million to support the late-stage development of San Francisco-based ad-tech firm AdRoll.

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US collaboration platform Slack raising $30M in new funding

San Francisco, US-based real time enterprise collaboration platform Slack, the startup established by Flicker co-founder Stewart Butterfield, is raising $30 million in a new funding round to boost its growth campaign.

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Automattic buys New York-based code-free website creator Scroll Kit

In its 14th acquisition, San Francisco, US-based publishing platform developer Automattic bought New York City-based code-free website creation startup Scroll Kit for an undisclosed amount to integrate the latter's features into WordPress.

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GitHub co-founder Tom Preston-Werner steps down after harassment allegations

Tom Preston-Werner, the co-founder and president of San Francisco, US-based social coding network, stepped down from his position after former employee Julie Horvath claimed she experienced gender-based harassment and retaliation in the company.

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Square denies acquisition talks with Google

Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.

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Preact receives Series A funding round valued USD4.6 million

Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.

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