Betterment is an online money management service that has raised $32 million in Series C funding from Citi Ventures, Northwestern Mutual Capital, Globespan Capital Partners, Bessemer Venture Partners, Menlo Ventures, and Anthemis Group. Betterment automates wealth advisory responsibilities through its cloud-based software.
Bessemer Venture Partners Posts
ClearSlide has raised $50 million in Series C funding led by The Social+Capital Partnership. Greylock Partners, Bessemer Venture Partners, Felicis Ventures, Silicon Valley Bank, and Comcast Ventures also participated in this round. ClearSlide has raised a total of $90 million in funding. Mamoon Hamid of The Social+Capital Partnership will join ClearSlide’s board of directors. ClearSlide’s funding will be used for hiring and product development.
Piazza is a social learning company that has received $8 million in funding led by Khosla Ventures. Bessemer Venture Partners also participated in this round. Khosla general partner Keith Rabois is joining the Piazza board of directors. This round of funding will be used for R&D and marketing.
Continue reading →
Flat World is an e-textbook publisher company that is used by over one million students in 77 countries. Flat World used to have a free on-demand and customizable textbook model, which was heavily favored by students. However, the company had to drop free access to the textbook platform in 2012. The company launched an adaptive learning and mobile model since then. Flat World has raised $9.5 million in funding led by Bessemer Venture Partners with participation from existing investors Valhalla Partners, Tribeca Venture Partners, Penguin Random House Holdings, and Bertelsmann Digital Media Investments.
Intercom is a personal messaging service for businesses and customers that has raised $23 million in Series B funding. The company has raised a total of $30 million. The company raised their Series A funding six months ago. Bessemer Venture Partners led the round with participation The Social+Capital Partnership. Bessemer partner Ethan Kurzweil will be joining the company’s board of directors.
Infinio has raised $12 million in Series B funding. Bessemer Venture Partners, Highland Capital Partners, Lightspeed Venture Partners, and Osage University Partners invested in this round. Infinio offers data storage performance solutions.
Continue reading →