VENTURE CAPITAL POST

The San Francisco startup and smartphone maker Revl has been seed funded of $2 million by venture capitalist Bill Tai along with other investors like Frog Ventures, Y Combinator, Lars Rasmussen and James Lindenbaum.

ZeroCater , the on-site catering service, has gained revenue of $100M in four years with $1.5M funds from Y Combinator and other individual investors. Founder Arram Sabeti started the company with only $7000.

Social news site Reddit Inc said it raised $50 million in funding in a deal that would see investors giving back 10 percent of their shares back to the site's user community.

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.

Berkeley, US-based on-demand food startup SpoonRocket raised $10 million in funding from Foundation Capital and General Catalyst to deliver food to customers in San Francisco and East Bay within 15 minutes.

As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.

The startups on Y Combinator's Winter 2014 class held a vote as to who among their classmates would be most likely to succeed and their votes were different from that of TechCrunch's own picks.

San Francisco, US-based real estate equity crowdfunding startup RealCrowd Inc nabbed $1.6 million in a seed funding round from Data Collective, Y Combinator's Garry Tan, and some real estate managers.

Y Combinator President Sam Altman has renewed the call that Paul Graham made five years ago on "founders visa" to encourage international startups to establish their firms in the US, TechCrunch reported.

Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.

Chattanooga, US-based startup Ambition launched a product that will help motivate sales teams by using an approach similar to fantasy football where a goal is set and teams compete with each other for a reward within a specified amount of time.

San Francisco, California-based music startup SoundFocus raised $1.7 million in a funding round to develop an iPhone app that adjusts music according to the user's hearing abilities.

Berkeley, US-based startup MobileWorks raised $2.1 million in funding to change the way outsourcing works by generating online jobs for people who cannot enter the traditional career path.

Y Combinator is proof that companies don't always need to hold fancy launches. A low-key "launch day" such as the one Y Combinator had in 2005 can also spell long-term success, TechCrunch reported.

New York, US-based travel management firm Rocketrip bagged $2.6 million in a Series A funding round led by Canaan Partners to accelerate its product development and to beef up its sales and customer services.