HealthTap is a company that connects doctors with patients through an Interactive Health Network and mobile apps. HealthTap has raised $24 million in Series B funding led by Khosla Ventures with participation from existing investors Mayfield Fund and Mohr Davidow Ventures.
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The outstanding national student loan debt is high in America at over $1 trillion. Around $864 billion of that amount is backed by the federal government. A majority of these loans have an interest rate that is higher than 6%. Formerly known as Binksty, Tuition.io wants to help college students by help with student loans.
Kabbage is an online company that provides working capital for small businesses. Kabbage has raised $30 million in Series C funding. Kabbage plans on using the funding to further advance their data platform and expand on their partnerships.
TicketFly is a social ticketing company that has raised $22 million in Series C funding led by SAP Ventures. Northgate Capital, Cross Creek Capital and Mohr Davidow Ventures also participated in this round. TicketFly has raised $37 million in funding thus far. They plan to use the funding to expand into additional geographic markets.
Kabbage, an online merchant lending startup, has raised $17 million in new funding. The investors include Mohr Davidow Ventures, BlueRun Ventures, David Bonderman, Warren Stephens, the UPS Strategic Enterprise Fund, Jim McKelvey and others. Kabbage lends money to online merchants using PayPal’s Adaptive Payments API. [TechCrunch]
GigaOm reports that Amazon.com has invested in ParAccel, an analytic database company. ParAccel hasn’t released the funding total from their last round of investments, but have revealed a total of $73 million in funding since their first round in 2005. Investors include Amazon, Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank. The company expects around $20 million in revenue for 2011.
Rocket Fuel is a display ad optimization company that has raised $6.6 million in Series C funding. They will be given a $160 million valuation as a result. Northgate Capital led the funding. Other investors include Mohr Davidow Ventures, Labrador Capital Fund, Nokia Growth Partners, and Wilson Sonsini Goodrich & Rosati. Rocket Fuel processes approximately 1.5 billion display ads every day. The company has an annual run-rate of $50 million which is up from a $30 million run-rate four months ago. [TechCrunch]