The Latest from Startup Daily
In 2014 there were 733 Series A rounds raised by U.S. seed stage startups (excluding biotechnology, pharmaceuticals, cleantech and energy startups for this analysis).
The median Series A round size was $5M (average was $7.2M), and the median team size was 15 people at the time the round was announced, suggesting this might be the minimum viable team size for investors targeting a “run the fund” outcome (or at least 3x return). [Source: Mattermark.com]
At just 26 years old in 2013, entrepreneur Dustin Leonard launched his venture HERO Condoms. The business originally spun-off from a university assignment he was completing in 2012, and now it is a company with a humanitarian cause at its core.
One Australian startup has created a style platform to help both consumers and retailers. Social shopping platform StylePass stores to create their own branded app and micro-site, and then answer any questions and give style advice to customers.
Australian startups working in the advanced materials and manufacturing sectors now have new funding opportunities available, with private investment firm Manifex announcing the opening of its second round of investment funding.
We in the Startup Daily office had a lively debate last week. It all started when we received a pitch about a personal grocery shopping and delivery service. When discussing whether to write about it, we wondered whether we would ever use such a platform and whether it could really grow.
An Australian app called 6Q allows employers to choose a set of six existing questions or write their own to give to their employees each week in order to track their engagement and satisfaction levels.
Snapchat has introduced a new feature which allows its users to view articles, images, and videos from a variety of publishers inside the company’s messaging application. It’s called Discover, and it’s a major departure from the company’s ephemeral beginnings. [Source: Pando.com]
Curiyo, which makes software that allows content producers to add links to facts and information relevant information, has just raised almost $1 million from investors including former Reuters CEO Tom Glocer in its latest funding round.