Startups Posts

YouMail raises $5.5 million in Series B

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YouMail is a cloud-based telecommunications platform company that has raised $5.5 million in Series B funding. YouMail will be using the funding to expand its base of over 6.5 million registered users. The investors in this round were not identified. More details below:

PRESS RELEASE

IRVINE, Calif., March 3, 2015 /PRNewswire/ — YouMail, the leading provider of intelligent, cloud-based telecommunication services for consumers and small businesses, has completed a $5.5m series B round. The company will use the proceeds to expand its base of well over 6.5 million registered users. This round brings the company’s total raise in debt and equity to just over $20 million.

YouMail raised its latest funding in February as a private placement, taking advantage of the federal Jumpstart Our Business Startups (JOBS) Act. Among other things, the JOBS act removed the ban on general solicitation and general advertising in private placements, allowing YouMail to market its offering through the internet, open webcasts and similar means. This private placement was managed by Digital Offering, a next-generation, technology-driven merchant bank, and included a mix of institutional investors, family offices, private investors, and other investment groups.

YouMail provides a digital personal assistant that helps users better manage incoming phone calls. Users download YouMail’s app, which replaces their existing smart phone visual voicemail. YouMail’s service improves its user’s caller care, privacy, and productivity, through innovative features such as visual caller ID, automated caller blocking, personalized smart greetings, automatic replies, cloud storage, multi-platform access to messages, call routing, and more.

YouMail is available on iPhone and Android, in addition to desktop and mobile Web-based platforms. There are also third-party applications tied into the YouMail Platform for Windows Phone, iPhone, and Android.

To expand its market presence, YouMail recently hired Brian Davi as the company’s Vice President of Marketing. Davi is a veteran marketing professional with a proven track record of implementing strategies that have produced more than $120 million in annual revenue. Previous to joining YouMail, Davi was the VP of Marketing at Sendme Inc.; Director of Advertising Analytics at Universal Music Group; and the Associate Director of Marketing at Fox Mobile Distribution. With the new team in place, YouMail is excited to embark on its next phase of growth and maturity, said CEO Alex Quilici, a serial entrepreneur who previously co-founded Quack, a voice portal startup which was later acquired by AOL.

“Consumers are overwhelmed with calls, texts, and other forms of communication, especially those who use their cell phone for business or to manage a busy family’s needs.” Quilici said. “Thanks to the JOBS Act, YouMail was able to leverage the popularity of its consumer service and successfully reach beyond traditional sources.”

Prior to this current round of private funding, YouMail’s investors include Vantage Point Capital Partners, the Crunch Fund, Wavemaker Ventures, and Tech Coast Angels.

About YouMail: YouMail, Inc. (http://www.youmail.com) is the leading provider of intelligent, cloud-based telecommunication services. The company’s flagship service, YouMail, provides a digital personal assistant for handling phone calls that replaces the user’s voicemail on Android, iPhone and Windows Phones. Headquartered in Irvine, Calif., YouMail is backed by VantagePoint Capital Partners, Wavemaker Ventures, the Tech Coast Angels ACE Fund, the CrunchFund, the Tech Coast Angels, and numerous private investors and family offices.

ToutApp raises $15 million in Series B

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ToutApp is a sales platform that enables salespeople to close more deals through advanced sales tracking, templates, and analytics. ToutApp has announced it has raised $15 million in Series B funding led by Andreessen Horowitz. Sigma West, Founder Collective, 500 Startups and the Launch Fund also participated in this round. More details below:

PRESS RELEASE

SAN FRANCISCO, CA (March 3, 2015) – ToutApp, the sales platform that helps salespeople close more deals through advanced sales tracking, templates and analytics, today announced it has raised $15 million in Series B funding led by Andreessen Horowitz. Existing investors Sigma West, Founder Collective, 500 Startups and the Launch Fund also participated in the round.

ToutApp will use this investment to scale operations and infrastructure to meet growing demand for its platform while continuing to expand its category-leading capabilities and features. Founded in 2011, ToutApp has now raised more than $20 million.

“Research shows 65% of a salesperson’s time is wasted on busywork because of ineffective sales software,” said Tawheed (TK) Kader, Founder and CEO of ToutApp.* “Our mission is to empower the modern, more consultative sales culture by providing salespeople and sales managers with the best possible platform to close deals.”

Today, most sales teams use 15 different tools to help run the sales process.** With so many fragmented point solutions, 71 percent of sales professionals say they spend too much time on data entry,*** impacting their ability to sell and drive revenue. ToutApp offers a single streamlined sales software platform with tracking, templates and predictive analytics directly integrated into Gmail, Outlook and CRMs, such as Salesforce and Microsoft Dynamics, to help sales teams close more deals. With ToutApp’s 150% dollar renewal rate, and over 300% top line revenue growth, customers have shown their vote of confidence in the ToutApp solution.

“ToutApp delivers what salespeople and sales managers need today — a smarter, faster way to close deals and accelerate revenue cycles,” said Scott Weiss, general partner at Andreessen Horowitz. “This is the next generation of software for salespeople to efficiently and effectively communicate with prospects and customers. We’re impressed by their strategic approach to the market and are eager to help them continue to scale.”

In the past year alone, as a result of continued market demand, ToutApp has more than doubled its enterprise customer base. Enterprise companies currently using ToutApp include: Atlassian, Dropbox, Optimizely, Jive, Namely and more.

“ToutApp is in high demand because it fills an important need in today’s sales industry,” said Greg Gretsch, Managing Director of Sigma West, who also participated in the round. “It represents the evolution of CRM tools that only manage and track leads. ToutApp has been leading the way for the future of sales software, finally giving teams a true communications platform for the modern sales organization.”

“This investment, led by Andreessen Horowitz, is a testament to how ToutApp is leading the charge in the future of sales software,” added Kader. “Sales has changed but sales software hasn’t. There is now an important new industry being created that builds great sales software for the modern salesperson instead of just the sales manager.”

With the investment, ToutApp has also announced the appointment of Scott Weiss at Andreessen Horowitz to its board of directors. He joins existing members that include Tawheed (TK) Kader, ToutApp Founder and CEO, and Greg Gretsch of Sigma West. ToutApp’s angel investors include Esther Dyson, Eric Ries and Scott Banister.

About ToutApp ToutApp builds software that helps salespeople close deals faster with the power of email tracking, templates and analytics. Founded in 2011, ToutApp has more than 90,000 salespeople using its platform, with enterprise customers including Atlassian, Dropbox, Optimizely, Jive, Namely and more. www.toutapp.com.

About Andreessen Horowitz Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology. Founded by Marc Andreessen and Ben Horowitz, we provide entrepreneurs with access to our deep expertise and insights in innovation, business development, market intelligence, executive and technical talent, and marketing and brand-building. Find us in Menlo Park, CA, and at www.a16z.com.

About Sigma West Sigma West is an early stage technology venture capital firm in San Francisco investing in entrepreneurs with passion and drive. We are a group of successful technology industry veterans working to support start-up teams. We currently invest across the software technology landscape including cloud/SaaS, consumer, enterprise, security and storage. Successful exits include Responsys (Oracle, 2014), KACE (Dell, 2010), Fortify Software (HP, 2010) and EqualLogic (Dell, 2008). Please visit sigmawest.com and follow us on Twitter @sigmawest.

PeachWorks raises $4 million in Series A

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Formerly known as WhenToManage, PeachWorks is a restaurant management solutions company that has raised $4 million in Series A funding. This round of funding was led by Allos Ventures with participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit. More details below:

PRESS RELEASE

Southfield, Mich. (PRWEB) March 03, 2015

PeachWorks, formerly known as WhenToManage, the leading provider of cloud-based solutions for the restaurant management industry, today announced that it closed $4 million in Series A financing led by Allos Ventures, a Midwest-based early-stage venture capital firm. The deal also included participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit. PeachWorks will use the proceeds to scale up its sales and marketing capabilities and build out its suite of next-generation, cloud-based tools for restaurant management. The subscription-based cloud solution includes recipe and inventory management, Point of Sale (POS) analytics, and staff scheduling solutions for the restaurant, hospitality, specialty retail and food service markets.

In conjunction with the financing, cloud industry veteran Mark Symonds, former CEO of Plex Systems (Troy, Mich.), agreed to join the company as CEO. Symonds was appointed to a similar position in 2006 to grow a software-as-a-service enterprise and was instrumental in increasing revenue 10-fold and making it the undisputed leader in Cloud ERP for manufacturers.

PeachWorks’ founder, Jeff Schacher, will serve as chief product officer, focusing his restaurant technology expertise and entrepreneurial talents on expanding the company’s robust cloud-based platform of tools and applications for the restaurant industry. The company plans to announce the first of these tools, for the entire food service industry, very soon.

“As more and more restaurant establishments move their business operations to the cloud, PeachWorks has proven it’s the leader in creating compelling, easy-to-use solutions that are revolutionizing how restaurants and food service providers manage their businesses,” said Dov Rosenberg, director, Allos Ventures. “This company is building a unique platform of highly customizable applications that is extremely valuable to all of these businesses, from a small owner with a single location to large national chains like Panera, who is a customer.”

About PeachWorks PeachWorks, formerly known as WhenToManage, is the leader in restaurant management solutions for the cloud, offering subscription-based solutions for POS intelligence, inventory management and employee scheduling, as well as customized deployments. PeachWorks is backed by investors including Allos Ventures (allosventures.com), Huron River Ventures (huronrivervc.com), Arsenal Ventures (arsenalvp.com), and Invest Detroit (investdetroit.com). For more information, please visit http://www.peachworks.com.

About Allos Ventures Allos invests in early-stage technology companies in the Midwest, augmenting the capital provided by angel investors who have helped the companies reach a stage at which they are ready for their first institutional financing round. Allos’ principals believe in the benefits of a “hands-on” approach to venture capital investing, which allows the firm’s partner companies to leverage their business-building skills and resources, as well as those of the firm’s investors, many of whom are successful entrepreneurs.

About Huron River Ventures Huron River Ventures is an early-stage venture fund that invests in exceptional companies developing disruptive technologies and business models in agriculture, energy, transportation and other sectors. We back great people with big ideas and pride ourselves on rolling up our sleeves to add value and help entrepreneurs to succeed.

About Arsenal Ventures Arsenal Venture Partners is a multi-stage venture capital firm that focuses on the intersection of the Government, large corporations, and emerging technology companies. We partner with visionary entrepreneurs to build exceptional businesses in the enterprise, commerce/logistics, healthcare and resource efficiency sectors. We add value by fostering relationships from our unique network and experience working with the Department of Defense, United States Post Office, Fortune 500 Companies, Veterans Administration, among others. Arsenal Venture Partners’ core leadership team has been together for nearly fifteen years and has eighteen investment professionals across four offices throughout the United States.

About Invest Detroit Invest Detroit is a leading source of private sector gap financing that utilizes a variety of funding tools through managed for-profit and non-profit targeted funds to support economic development opportunities in underserved communities primarily in the City of Detroit. For more information, visit investdetroit.com.

GuideSpark raises $22 million

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GuideSpark is an employee communications and engagement company that has raised $22.2 million in funding.This round of funding was led by Meritech Capital Partners with participation from New Enterprise Associates, Storm Ventures and IDG Ventures. More details below:

PRESS RELEASE

MENLO PARK, CA–(Marketwired – Feb 24, 2015) – GuideSpark, the leader in employee communications and engagement, announced today that it has closed a $22.2 million round of Series C funding, led by Meritech Capital Partners with participation by existing investorsNew Enterprise Associates (NEA), Storm Ventures and IDG Ventures.

Since its founding in 2008, GuideSpark has sought to change the way companies communicate with their employees through customized, engaging and cost-effective videos. Available on any device, the GuideSpark platform helps companies to educate employees on a range of complex topics, such as benefits, health care reform and compensation programs. As a result, employers can provide an interactive user experience that resonates with their teams and leads to an engaged and informed workforce.

With the new round of investment, GuideSpark can continue its mission to revolutionize employee communications, better serve its growing customer base and further build its market-leading brand. The funding will support growth across the company, including marketing, sales, product development, content, CSM, infrastructure, corporate and business development, enabling GuideSpark to maintain its status at the forefront of the employee communications field.

GuideSpark will also benefit from welcoming Craig Sherman, managing director of Meritech Capital Partners, to its board of directors. Sherman leverages a wealth of operating experience, having served as COO of Ancestry.com and as CEO of Gaia Interactive. With a history of investing in successful digital media companies and promising startups, Sherman’s expertise will complement the existing board and bring great value to GuideSpark as the company continues to scale its business.

“Meritech Capital invests in late-stage tech companies that show true innovation and have proven their ability to disrupt the status quo,” said Sherman. “GuideSpark has certainly changed the game and delivers a proven solution for more effective employee communications. We are proud to provide GuideSpark with capital to support its rapid growth and continue creating new innovations.”

“Meritech’s investment continues to validate the tremendous market opportunity GuideSpark has to transform how companies engage and connect with employees,” said Keith Kitani, CEO of GuideSpark. “We are proud to be working with some of the country’s premier technology investors; their support is instrumental in taking our company to the next level as we continue to transform employee communications.”

About Meritech Capital Partners

Meritech Capital Partners is a leading provider of late-stage venture capital to category-defining private technology companies, and has been one of the top performing venture firms of the past decade. With over $3 billion under management, Meritech primarily leads investments into companies with proven and differentiated technology, rapidly-growing revenue and experienced management teams. With one of the most active venture portfolios in Silicon Valley, Meritech has experience in, and provides guidance on issues facing rapidly growing companies including management incentive plans, IPO market timing and positioning, M&A strategies and negotiations and adviser selection. Meritech investments in industry-leading companies include Box, Facebook, NetSuite, Salesforce, Tableau and Zulily. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.

About New Enterprise Associates

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 195 portfolio company IPOs and more than 320 acquisitions. For additional information, visit www.nea.com.

About Storm Ventures

Storm Ventures is a venture capital firm focused on investing in seed and early stage companies in the Mobile Internet, Enterprise Cloud, and Internet-enabled Commerce sectors. Storm was founded by a seasoned group of industry veterans with the common vision of sharing our collective experience, passion and energy to help talented and driven entrepreneurs build great companies of enduring value. Storm has invested in over 100 companies including Airespace (Cisco), Appcelerator, BookRenter, Com2uS (Korea IPO), EchoSign (Adobe), IML (Taiwan IPO), Kidaro (Microsoft), Lightera (Ciena), Marketo, MobileIron, NetScaler (Citrix), SandForce (LSI), Sanera (McData/Brocade), and Sierra Monolithics (Semtech). For more information, visit www.stormventures.com.

About IDG Ventures

IDG Ventures USA is an independent boutique venture capital firm, based in San Francisco. IDG Ventures invests in early stage consumer and enterprise IT companies. Through a strategic relationship with IDG, the world’s largest IT media company, IDG Ventures’ portfolio companies get free access to significant sales and marketing resources. The firm is part of a global network of technology venture funds with approximately $3.7 billion under management and over 200 active portfolio companies in Asia and North America. Leading technology companies that IDG has backed include BabyCenter, Epiphany, Excite, F5 Networks, Funzio, Infoseek, Minted, Netscape, and Spinner.com in the US and Baidu, Ctrip, Focus Media, SouFun, Tencent, Tudou, Vancl and Vinagames in Asia.

About GuideSpark

GuideSpark, the leader in employee communications and engagement, transforms how organizations communicate and engage with their employees through customized video and mobile experiences for every stage of the employee life cycle, from onboarding to benefits, compensation and more. The solution is accessible via a robust platform that provides an interactive user experience and deep analytics on employee engagement. GuideSpark, named to the Inc. 5000 list of “America’s fastest-growing companies,” serves hundreds of enterprise customers across all industries and millions of employees. By leveraging content and technology, GuideSpark helps its customers transform their employee communications to increase engagement, create efficiencies by saving time and money, deliver consistent messaging and get peace of mind knowing that their employees understand the value of working for the company.

Getable raises $5 million in Series A

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Getable is an app for ordering and tracking construction equipment. Getable has raised $5 million in Series A funding. This round of funding was led by The Social+Capital Partnership. More details below:

PRESS RELEASE

San Francisco, CA ­­ February 25, 2015

Getable, the leading app for ordering and tracking construction equipment, announced today that it has raised five million dollars to expand its services nationwide. The Series A financing was led by The Social+Capital Partnership, a leading Silicon Valley venture capital firm that joined the company’s board of directors. The funding round also welcomed industry participation from individuals at Ghilotti Brothers, Inc., Pacific Structures, Zachary Construction, DPR Construction, and an investment from Darren Bechtel, a member of the Bechtel engineering and construction family and Managing Director of Brick & Mortar Ventures. Getable was honored as the first official investment for Brick & Mortar Ventures, a new fund investing in “technology for the built world” with construction as one of its core areas of focus.

“Mobile technologies are rapidly transforming old guard industries,” explains Darren Bechtel, Founder of Brick & Mortar Ventures. “Yet construction, which employs the single largest mobile workforce, has received relatively little attention and benefit from such technologies.

Getable is leveraging mobile technology to bring efficiency and cost savings to construction teams by designing and delivering a beautifully intuitive software solution to better order, track, and manage heavy equipment ­­ one of the top three costs on a job site. I’m thrilled to be involved as we scale this solution to be a de facto app for job sites globally.”

Along with its new financing, Getable announced that it is rolling out its services nationwide. Now, any contractor in the United States can download Getable’s free application to order, track and manage any piece of equipment from any supplier in the field – regardless of whether the equipment was originally ordered through Getable. This includes tracking company owned fleet which the American Rental Association estimates is approximately 50% of the equipment used on job sites. This update allows contractors to account for all the assets on a project to get a more accurate picture of running cost, equipment status, activity history, and location across job site inventory.

“Getable has become the go­to app for contractors to order equipment rentals, but this represents just a fraction of the total equipment physically on the job site,” shares Tim Hyer, CEO at Getable. “We want to be indispensable when it comes to any type of construction equipment ­­ whether that equipment is sourced by Getable, or not. We’re thrilled to roll outthe ability to log any equipment type, including company owned fleet, to contractors throughout the United States.”

The new version, released today, introduces new features that give contractors greater control over equipment decisions. Contractors can now use Getable to order directly from the suppliers they know and trust, down to the individual sales rep who can setup a user profile in Getable. This allows contractors to take advantage of existing relationships, negotiated pricing, and volume based incentives. In turn, suppliers can more efficiently connect with their existing customers, spending less time on the phone and more time growing their business.

“Relationships matter in construction,” explains Hyer. “Since job sites expect timely equipment deliveries, repairs and pick­ups, contractors depend heavily on the relationships they have with their supply partners. Getable now supports the contractor and supplier connections that exist in the offline world. If a contractor wants to order equipment from his favorite supplier rep, he can now find that rep and track the business he does with that rep, using Getable. If a contractor doesn’t have an existing relationship, or doesn’t have a preference for where a piece of equipment is sourced, he can always leverage Getable’s Supplier Network to place the order. We now support both experiences in one app.”

Today’s product upgrades, combined with the financing, help solidify Getable’s position as the industry ­leading technology solution for construction equipment. The app has been developed with some of the largest national and regional civil, commercial and specialty contractors. Hyer expects strong growth with access to more resources and the guidance of its new board member, Ted Maidenberg, General Partner at The Social+Capital Partnership.

“We get excited when we see best­in­class, consumerized software being built for massive verticals like construction. In our research, general contractors raved about Getable and came to rely on it as their ‘mission control’ dashboard to manage their equipment ­­ from the initial order to asset tracking to billing,” shares Maidenberg. “We are eager to help the team grow contractor mindshare to become the go­to construction equipment management tool.”

About Getable Getable launched in 2010 to connect people with their favorite products on­demand, from trusted rental establishments. Getable serves the $41B construction rental market with mobile tools designed for construction professionals and rental equipment providers. With offices in San Francisco, California, Getable is a private company that is funded by prominent Silicon Valley investors. To learn more about how to use Getable for all of your equipment rental needs, please visit http://www.getable.com

Sikka Software raises $5.5 million

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Sikka Software is a retail healthcare cloud platform that has raised $5.5 million in Series B funding. This round of funding was led by Sierra Ventures with participation from AMA Ventures. More details below:

PRESS RELEASE

MILPITAS, Calif. – February 24, 2015 – Sikka Software, the leading retail healthcare cloud platform, raised its Series B funding of $5.5 million led by Sierra Ventures with participation from its Series A investor, ATA Ventures. This new capital will enable Sikka to scale sales and marketing and continue its rapid growth across key practice areas.

Sikka is revolutionizing the field of retail healthcare software by providing the Sikka Platform Cloud which is seamlessly connected to over 400 combinations of practice management and financial systems covering over 96% of the dental, veterinary, audiology and optometry markets and provides a single application programming interface that anyone can build apps on. The company began with a simple vision, to help healthcare providers and small offices optimize their businesses via a series of easy-to-use cloud based applications through the Sikka Platform Cloud.

Since 2011, Sikka has achieved the following milestones:

· Cloud platform with 26 apps for over 13,500 practices in dental, veterinary, hearing and vision, servicing more than 23,000 doctors.

· Processing over 100 million monthly interactions with customers including payments, claims, patient communications, receivables, supplies, lab services, patient financing and more.

· $4.8 billion of transactions processed in 2014 through the rapidly growing Sikka ecosystem

· Continuing momentum by adding nearly 500 new healthcare practices each month

“We are excited to raise our next round of financing, which will allow us to accelerate the already rapid growth we have experienced over the past 3 years,” said Vijay Sikka, CEO of Sikka Software. “Given our broad footprint in the retail healthcare space, we are well positioned to be the leader in this large underserved market. Sierra Ventures has strong domain expertise in the small retail software space, starting with their investment in Intuit.”

“We have been very impressed with the strong progress that Sikka has made over the past few years, expanding from dental practices to veterinary, optometry and hearing care,” said Mark Fernandes, Managing Director of Sierra Ventures. “The company is at the nexus of retail healthcare information, which is one of the fastest growing segments of the market.”

Mark Fernandes, will join Sikka Software’s Board of Directors, which currently consists of Vishal Sikka, CEO of Infosys; Hatch Graham, Managing Director of ATA Ventures; and Vijay Sikka, CEO of Sikka Software.

About Sikka Software

Sikka Software Corporation is revolutionizing the retail healthcare industry via its platform cloud, analytical tools, apps and big data leadership. The retail industry includes over 2.1 million providers worldwide and over 600,000 in the United States. Sikka Platform Cloud allows seamless compatibility to over 96% of the dental, veterinary, vision care and hearing care markets in the United States. Sikka Software Corporation has over 13,500 installations and is experiencing strong growth and market presence in the retail healthcare big data space. For more information, please visit www.sikkasoftware.com

About Sierra Ventures

Sierra Ventures is a VC firm focused on investments in Consumer and Enterprise Information Technology. Since 1982 Sierra has raised 10 funds with over $1.7B in committed capital, backed 25+ companies that had successful IPO’s, and 50 that had substantial M&A exits. Sierra has continually leveraged the Sierra franchise to provide strategic and operational support, including the largest CIO Advisory Board in the industry, to achieve broad success across its portfolio of investments. For more information, please visit www.sierraventures.com

NCino raises $29 million

nCino

nCino is a cloud-based operating solutions company that has products tailored for the financial services industry. The company has raised $29 million in Series B funding. This round of funding was led by Insight Venture Partners. Existing investors Wellington Management Company LLP, former Morgan Stanley Chairman and CEO John Mack and Promontory Financial Group Founder and CEO Gene Ludwig also participated in this round. More details below:

PRESS RELEASE

WILMINGTON, N.C.–(BUSINESS WIRE)–nCino, the leader in secure, cloud-based operating solutions to the financial services industry, today announced the successful completion of $29 million in Series B financing. Led by Insight Venture Partners, the round also includes investments from existing investors Wellington Management Company LLP, former Morgan Stanley Chairman and CEO John Mack and Promontory Financial Group Founder and CEO Gene Ludwig.

This announcement follows the recent news of a record 2014 for nCino, highlighted by 206 percent revenue growth and the addition of more than 40 financial institutions to nCino’s rapidly growing customer base of banks and credit unions with assets ranging from $150 million to $200 billion. The proceeds from this round of funding will allow nCino to continue to expand operations domestically, as well as enter international markets; accelerate product innovation; further engage with large, enterprise banks; and grow its team with a key focus on product development and customer success.

“We appreciate the strong support of our existing and new investors in this round, who have demonstrated their confidence in our strategy and progressive approach to cloud-based banking,” said Pierre Naudé, CEO, nCino. “nCino is committed to transforming financial services through innovation, reputation and speed. With this latest infusion of capital, we are strongly positioned to continue delivering on that mission and become the dominant bank operating system solution.”

In addition, as part of today’s announcement, Jeff Horing, managing director, Insight Venture Partners, will be joining nCino’s board of directors.

“nCino has progressed rapidly since inception and is entering the next stage of fulfilling its vision of becoming the undisputed leader in cloud-based banking,” stated Horing. “nCino’s innovative Bank Operating System tracks a loan through its entire life cycle to increase efficiency and create new revenue opportunities for its financial institution customers. In our view, nCino represents the future of banking, and we are pleased to partner with a company we believe will continue to create significant value for many years to come.”

About nCino

Wilmington, N.C.-based nCino, Inc. is the leader in cloud-based bank operating solutions to the financial services industry. Through its flagship Bank Operating System solution, nCino leverages the power of the Salesforce Platform to provide financial institutions with superior transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines, resulting in increased profitability, productivity gains and regulatory compliance.

For more information, visit www.ncino.com.

About Insight Venture Partners Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $9 billion and invested in more than 200 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit http://www.insightpartners.com or follow us on twitter: @insightpartners.com.

Metamarkets raises $15 million

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Metamarkets is a real-time analytics pioneer that has raised $15 million in funding led by Data Collective. Khosla Ventures, IA Ventures, True Ventures and Village Ventures also participated in this round. More details below:

PRESS RELEASE

SAN FRANCISCO, CA–(Marketwired – Feb 24, 2015) – Real-time analytics pioneer Metamarkets today announced that it has raised an additional $15 million in funding, led by Data Collective. They are joined by media entrepreneur John Battelle and City National Bank as well as existing investors Khosla Ventures, IA Ventures, True Ventures and Village Ventures.

Metamarkets’ award-winning platform combines several real-time technologies — stream processing, a time-series database and interactive visualization — into a unified SaaS solution built for the unique volume and velocity of its clients’ data in the $20B programmatic media markets.

Metamarkets’ product makes it easy to access up-to-the-second data, set alerts on trends, and securely share live dashboards to internal colleagues and external partners. This self-service approach speeds decision-making, reduces the burden of reporting requests on analysts, and frees up engineering resources.

“Every day, thousands of users turn to Metamarkets’ dashboards for granular insights into tens of billions of ad transactions,” said Mike Driscoll, CEO and Co-Founder of Metamarkets. “Our clients are the pioneers of these new digital markets, whose daily trading volumes dwarf those of Wall Street. We’re proud to deliver an analytics solution that can keep pace with their speed and scale.”

The fundraising comes after a period of strong, sustained growth for the company. Metamarkets recently reported that it has doubled its client base and revenues year-over-year, and that it counts LinkedIn, Financial Times, Twitter and Yahoo among its dozens of clients.

Metamarkets’ record of technical innovation has earned it the confidence of Silicon Valley’s top technology investors, a growing following among open-source software developers, and the trust of leading industry players in mobile and native programmatic advertising. The company developed Druid, an emerging standard in the world of time-series databases, and created Facet, its user interface for interactive visualization of high-dimensional data.

“Through a series of innovations in stream processing, distributed databases, and data visualization, Metamarkets has developed a solution for the high-frequency media markets of today, with the promise of addressing emerging digital markets of tomorrow,” said Matt Ocko, Co-Managing Partner and Co-Founder of Data Collective. “We’re excited to support the Metamarkets team as it continues to innovate and grow.”

About Metamarkets

Metamarkets provides an end-to-end analytics solution for leading innovators in digital media and programmatic marketing, including News Corp, Twitter, and LinkedIn. Its SaaS platform empowers teams with real-time analytics to maximize performance, identify new opportunities as they happen, and drive engagement with clients and partners. With offices in San Francisco and New York, Metamarkets is backed by Data Collective, Khosla Ventures, Village Ventures, IA Ventures, and True Ventures. For more information, please visit www.metamarkets.com.