Lerer Ventures Posts

Expa raises $50 million in funding

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You may know Garrett Camp as the founder of StumbleUpon and Uber. Now he is launching a startup studio called Expa and it has
raised $50 million in funding from investors like Virgin founder Richard Branson, HP CEO Meg Whitman, Google board member Ram Shriram, Tim Ferriss, Li Ka-shing, First Round Capital, Lerer Ventures, WordPress founder Matt Mullenweg, Sherpa Ventures, Booking.com Chairman Kees Koolen, SV Angel, and Behance founder Scott Belsky. Expa will work from founders from inception to product-market. Expa will invest between $500,000 and $1 million per business. There is around 20 people working on Expa.

 

Blend raises $2.7 million in seed funding

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Blend is a social networking app for college students that has raised $2.7 million in funding from New Enterprise Associates with participation from Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures, and SparkLabs Global Ventures.

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Fundera connects small businesses with lenders

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Fundera is a company that was co-founded by Jared Hecht. Hecht is known for founding GroupMe, which was acquired by Skype for $85 million in 2011.

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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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Twice raises $18.5 million in funding

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Twice is an online women’s clothing company that has raised $18.5 million in funding led by Andreessen Horowitz with participation from existing investors IA Ventures, Felicis Ventures, Lerer Ventures, WTI, Mike Lazerow, Joe Greenstein and Maria Thomas. Twice has now raised a total of over $23 million. Twice users send in items directly to the company. The clothing is reviewed, measured, photographed, and put for sale.

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littleBits Raises $11.1 Million

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littleBits is a New York based open hardware startup that has developed electronic Bits modules that can snap together for prototyping all sorts of products.  littleBits has raised $11.1 million in funding.
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Splice Raises $2.75 Million

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GroupMe was sold to Skype for $85 million in 2011.  Shortly after that, GroupMe co-founder Steve Martocci started working on a new startup.  Now we know that Martocci is working on a new music startup called Splice with Matt Aimonetti.  Aimonetti used to be an engineer at LivingSocial and Sony PlayStation.

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Songza Raises $4.7 Million

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Songza is a startup that offers playlists to match your mood.  The company has raised a $4.7 million round of funding from several investors including Lerer Ventures, Amazon.com, Scooter Braun, William Morris Endeavor, Deep Fork Capital, Metamorphic Ventures, Troy Carter, Gary Vaynerchuk, and several others.
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