CrunchFund Posts

Cloud computing startup DigitalOcean raises $37.2 million in funding

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DigitalOcean is a cloud hosting company that has raised $37.2 million in funding led by Andreessen Horowitz. Previous investors IA Ventures and CrunchFund also participated in this round.
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Confide has raised $1.9 million in seed funding

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Confide is an off-the-record messaging app that was created for professionals. Confide has raised $1.9 million in seed funding led by WGI Group with participation from Google Ventures, First Round Capital, SV Angel, Lerer Ventures, CrunchFund, Lakestar, Marker, BoxGroup, Jeremy Stoppelman, Doug Ellin, and Billy Bush. WGI partner Michael Walrath is joining the Confide board of directors.
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Highlight raises $4 million in funding

Highlight 2.0 from cole rise on Vimeo.

Highlight is a location-based service that has raised $4 million in Series A funding. The company has also released an update to their mobile app to support an improved algorithm for helping users understand who is around them.
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Albumatic Raises $4.2 Million

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Albumatic
is a Los Angeles based startup that has developed a photo sharing application.  Albumatic has raised $4.2 million in funding.  This round of funding was provided by RRE Ventures, Thrive Capital, SV Angel, CrunchFund, Highline Venture Partners, Betaworks, and Box Group.  Albumatic was founded by Adam Ludwin and Devon Gundry.

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Rover.com Raises $3.5 Million, Signs Deal With Petco

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Rover.com has raised $3.5 million in funding from a group of investors.  The lead investor was pet retailer company Petco.  Rover.com also signed an exclusive partnership with Petco to promote their services on its website and in all of their stores.  Rover.com is known as the “Airbnb for dogs.”

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BackOps Raises $7 Million In Series A

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BackOps
is an integrated and web-enabled company that offers a paperless back office that provides technology, systems, and services to small-to-medium sized businesses.  BackOps offers accounting, finance, and HR services for entrepreneurs so that they can focus on product and customer development.

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Luvocracy Raises $11 Million

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Luvocracy
 is a social shopping service that has a similar user interface as Pinterest.  Luvocracy allows users to buy products recommended by friends.  The company has raised $11 million in funding from Kleiner Perkins, Google Ventures, Marissa Mayer, Ali Pincus, Jim Lanzone, Tony Robbins, CrunchFund, RPM Ventures and XG Ventures.  Bing Gordon of Kleiner Perkins is joining the Luvocracy board of directors.  Luvocracy was co-founded by Nathan Stoll and Roger Barnett.

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Salesforce.com Acquires Pinterest-Like Website Clipboard

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Salesforce.com
has acquired Clipboard, a website that is similar to Pinterest.  Clipboard’s founders said that they will be shutting down the website on June 30th.  Existing users will be able to download their data into a personal archive that lets you view your clips and boards offline.

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