WePay is a payment gateway company that has raised $15 million in Series C funding. WePay will be using the funding to accelerate their growth, expand internationally, and further invest in their payment API. WePay’s revenue has increased over 600% this last year and now the company has over 300 platform partners. WePay is going to discontinue their direct to consumer offering to focus exclusively on the payments API built for platform businesses.
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Highland Capital Partners Posts
Oyster is an e-book startup that has raised $14 million in funding from Highland Capital Partners and Founders Fund. Oyster has raised a total of $17 million. Oyster plans on using the funding to hire more than double their staff over the next year and expand their platform beyond the iPhone and iPad. Oyster currently has 10 employees. The amount of new subscribers has more than doubled after the iPad app was launched.
RethinkDB is an open-source distributed database startup that has raised $8 million in a new round of funding. Highland Capital Partners led this round of funding with participation from Draper Fisher Jurvetson and Webb Investment Network. RethinkDB has raised $12 million in total so far.
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.
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Aereo is a web TV service company that has raised $38 million in Series B funding. Aereo plans on rolling out to 22 more U.S. cities this year starting in the late spring. This round of funding was led internally by Barry Dillar’s IAC. Previous investors Highland Capital Partners, FirstMark Capital, and First Round Capital also participated in this round.
Leap Motion has announced today that they have raised $30 million in Series B funding. Leap Motion co-founder and CEO Michael Buckwald said that the company will be shipping a gesture-based controller in Q1 of this year. The company also signed a partnership with Asus. Asus is expected to bundle the Leap Motion controller with All-In-One PCs and high-end notebooks. The company will have other bundling partnerships to announce soon. “That’s a huge part of our distribution strategy.”