Western Technology Investment Posts

General Assembly receives $35 million

General Assembly Logo
General Assembly is an education company that teaches people how to program and design. The company has raised $35 million in Series C funding led by Institutional Venture Partners (IVP). General Assembly has now raised a total of $49.3 million.

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BoostCTR Raises $8 Million

BoostCTR Logo
BoostCTR is a startup that specializes in split testing to help businesses find effective words and images for their online ads.  The company has raised $8 million in Series B funding earlier this week, led by Battery Ventures with participation from Javelin Venture Partners and Western Technology Investment.  BoostCTR has raised a total of $12 million thus far.

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Stitch Fix Raises $4.75 Million

Stitch Fix is a San Francisco based startup that has raised $4.75 million in Series A funding.  This round of funding was co-led by Baseline Ventures and Lightspeed Venture Partners.  Western Technology Investment also participated in this round.  Stitch Fix has over 10,000 clients.  Stitch Fix currently has over 10,000 clients and they have a staff of 50 employees.  The company has an annual sales run rate today is double of what they had 2 months ago.

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Local Business Scouting Company Radius Raises $12.4 Million

Radius (formerly known as Fwix) is a startup company that helps sales people find local businesses.  Radius has raised $12.4 million in funding from American Express.  Investors that participated in this round include Comcast Ventures, Western Technology Investment, and BlueRun Ventures participating.  

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Bloomspot Raises $40 Million

Bloomspot, a deals company focused on high-quality spending and loyal customers, has raised $40 million in funding. The funding comes from InterWest Partners, Columbia Capital, Menlo Ventures, True Ventures, QED Investors, Harrison Metal, Western Technology Investment, Erik Blachford and Gary Parsons. The company analyzes (with permission, TechCrunch reports) the credit card spending data of the places they’re running deals, allowing Bloomspot and their partner merchants the opportunity to see whether a deal really encourages other buying that makes the deal profitable for the merchant. That data helps predict how much customers will spend when provided with a certain offer, which in turn lets Bloomspot promise a certain level of profits to their partner merchants.

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HealthGuru.com Raises $6 Million in Funding

Health Guru Media provides, as the name suggests, health info videos at HealthGuru.com. TechCrunch reports that thanks to investors Western Technology Investment, Castile Ventures and Village Ventures, HealthGuru.com has raised $6 million in funding for their startup. Their CEO Joshua Silberstein says the site streams more video than rivals WebMD and Everyday Health combined.

Topsy Raises $15 Million In Third Round


Topsy is a real-time search engine that has raised $15 million in a third round of funding. Topsy allows users to search for real-time content on Facebook and Twitter. Topsy recently launched Topsy Social Modules, which lets publishers add real-time content to their websites. Social Modules are being used by websites such as Discovery Communications and The Huffington Post. Western Technology Investments, BlueRun Ventures, Ignition Partners, Founders Fund, and Scott Banister invested in this round. This puts Topsy at a total of $30 million in funding. [VentureBeat]

Social Media Marketing Platform Company Involver Raises $8 Million


Involver is a social media management platform company that offers Facebook Page applications. Involver has raised $8 million in funding led by Bessemer. Existing investors Western Technology Investment and Cervin Ventures also participated in this round. Involver started in 2007 and has about 100,000 clients including The White House, Facebook, and Alicia Keys. Some of the applications companies can use for their Facebook Pages include audio players and sign-up forms. [VentureBeat]