News & Analysis

FanDuel acquires Kotikan; Medallia raises $150 million; Booktrack raises $5 million

- July 24, 2015 6 MIN READ

It was another busy week for the global startup scene, with FanDuel acquiring app development startup Kotikan, fresh off closing its $275 million funding round last week, and Australian startups Brosa, Expert360, and Marketplacer all raising funds.


FanDuel acquires Kotikan

After closing a $275 million funding round last week, FanDuel has acquired Scottish app development startup Kotikan. Gav Dutch, Kotikan founder, explained in a blog post on the deal that “energy, values, and culture at FanDuel and Kotikan are so well aligned that the move feels natural.” The two companies began working together in 2013 to pursue the “shared mission of building the world’s best mobile app in fantasy sports. We have had an immensely strong working relationship ever since and been lucky to see the app top the App Store charts and pick up two Webby awards along the way.”

Dropbox acquires Clementine

Dropbox has acquired Clementine, an enterprise communications startup that launched with the mission to “reinvent messaging, voice, and conferencing.” Dropbox will incorporate Clementine’s technology into its offering, with the Clementine service itself to shut down, with the free aspects of the app to remain active for current users until the end of August.

IBM acquires Compose

IBM has acquired California startup Compose, a database-as-a-service startup. Derek Schoettle, general manager of IBM Cloud Data Services, said, “Compose’s breadth of database offerings will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source. Compose furthers IBM’s commitment to ensuring developers have access to the right tools for the job by offering the broadest set of DBaaS service and the flexibility of hybrid cloud deployment.”

Zillow acquires DotLoop 

Seattle company Zillow Group, which owns a number of real estate sites, has acquired Cincinnati startup DotLoop, which simplifies the real estate process by allowing those involved to share, edit, sign, and store documents digitally. Users are signing half a million documents on DotLoop each month. Spencer Rascoff, CEO of Zillow Group, stated, “Real estate transactions are already moving online – it’s what home buyers, sellers and real estate professionals want. We’re incredibly excited by DotLoop’s innovation and leadership in making digital transactions a reality.”

Prophet acquires Altimeter Group

Consulting firm Prophet has acquired Altimeter Group, a technology research company. Charlene Li, founder and CEO of Altimeter, said, “This partnership combines Altimeter’s pragmatic, insights-driven frameworks with Prophet’s deep consulting capabilities, enabling us to better partner with clients to unlock digital transformations.” In a blog post, Li said the company will continue to operate independently, with its business remaining the same.

Sysomos acquires Expion

Social intelligence startup Sysomos has acquired Expion, a social marketing startup. Expion’s technology will be integrated into Sysomos’ platform, and together the companies will service 15,000 marketers representing 1,500 companies.

Google acquires Pixate

Google has acquired mobile UI design startup Pixate, which allows designers to create mobile prototypes that run natively on Android and iOS devices. A blog post from Google read, “Pixate adds to our ongoing effort to develop new design and prototyping tools.” Pixate’s Studio service is now free, while the price of its cloud service has been reduced.

SimilarWeb acquires Swayy

SimilarWeb, a startup offering mobile and web analytics tools, has acquired Swayy, a content curation platform. The Swayy team will be moving to join SimilarWeb to improve data around the usage patterns of apps and websites. The Swayy app is to be “decommissioned.”

Microsoft to acquire Adallom

Microsoft is set to acquire Israeli cyber security startup Adallom for approximately $320 million. An Israeli newspaper reported that the deal would see Adallom become the centre for Microsoft’s cyber security business in Israel.

Ctrip acquires Suanya for $16 million

Tech in Asia reports that travel company Ctrip has acquired Suanya, a Chinese train ticketing startup for approximately US$16 million. Suanya allows users to browse and book train tickets online.


Marketplacer raises $10 million

Melbourne ecommerce startup The Exchange Group, which operates four global marketplaces including Bike Exchange and House of Home, has relaunched as Marketplacer after raising $10 million in funding from investors including David Paradice from Paradice Investment Management, and Gerry Ryan, managing director of Jayco.

Brosa raises $2 million

Furniture marketplace Brosa has received $2 million in Series A funding from venture capital firm AirTree Ventures. In addition to accelerating and managing growth domestically, the funding will be used on marketing and hiring talent.

Expert360 raises $4.1 million

Sydney-based startup Expert360 has raised $4.1 million in an oversubscribed round led by Frontier Ventures, with investors including former Macquarie Bank Managing Director, Allan Moss AO, rampersand, as well as other institutional investors and existing shareholders across Australia, the US and Europe. Expert360 previously raised $1 million, bringing total amount raised by the startup to $5.1 million. The latest capital injection will allow Expert360 to expand its support for consultants through access to research, data and other IP.

KFit raises $3.25 million

KFit, an Asian startup helping users search for and book gym classes and sessions, has raised $3.25 million in a round led by Sequoia Capital. The startup had merged with Australian FitTech startup Classhopper earlier this year.

Cazena raises $20 million in Series B funding

Big Data-as-a-service startup Cazena has raised $20 million in a Series B funding round led by Formation 8, with participation from current investors Andreessen Horowitz and North Bridge Venture Partners. Cazena also announced a partnership with Cloudera, and launched an enterprise platform.

DCM Ventures raises $100 million Android fund

Early stage venture firm DCM Ventures has announced its second Android fund, for which it has raised $100 million. It will be looking to invest in startups creating apps for the Android operating system, with a focus on US and Asian startups.

.406 Ventures raises $217 million

Boston venture capital firm .406 Ventures, which invests in early stage tech startups, has raised $217 million for its third fund. Founded in 2005, the firm has around $600 million under management.

Eight Roads Ventures raises £150 million

Fidelity Growth Partners Europe and its global sister funds have rebranded together under the same umbrella, Eight Roads Ventures, and announced a new 150 million fund.

Procurify raises $4 million seed round

Vancouver-based Software-as-a-service startup Procurify has raised $4 million in seed funding, with the round led by Point Nine Capital, Nexus Venture Partners, and the Business Development Bank of Canada. The funding will go towards sales, marketing, and product development.

Datafox raises $5 million

San Francisco-based online research platform startup Datafox has announced that it has raised $5 million from Goldman Sachs and Green Visor Capital. Simon Yoo of Green Visor and Rana Yared of Goldman Sachs have also joined the startup’s board. The startup is now looking to hire for its sales, marketing, engineering, design, and data science teams.

Granular raises $18.7 million

San Francisco startup Granular, which provides farm management and analytics software, has closed a Series B round of $18.7 million led by Tao Capital Partners. The funding will go towards expanding the team to provide localised support to users, and to expanding the product offering to incorporate the specialty crop and livestock segments.

Beacon raises $7.5 million in Series A funding

Beacon, a startup providing an ‘all you can fly’ membership to frequent flyers in Northeast USA, has closed a $7.5 million Series A funding round led by Romulus Capital with participation from MiVentures and Western Technologies Investment. For $2,000 a month, Beacon offers unlimited access to regularly scheduled flights between Boston and New York, with reservations, changes, and cancellations able to be made as little as 20 minutes before departure.

Mirakl raises $20 million Series B round

French online marketplace startup Mirakl has raised $20 million in a Series B round led by Laurel Bowden of 83North. The funding will be used to take Mirakl global.

Mswipe raises $25 million Series C round

Mswipe, an Indian startup that has created a POS device to enable any mobile phone, not just smartphones, to read cards, has raised $25 million in a Series C round from Falcon Edge Capital, Ola Cabs, and Meru Capital as well as existing investors.

Continuum Analytics raises $24 million

Continuum Analytics, a Texas startup providing distribution of the Python programming language, has raised $24 million in a round led by BuildGroup and General Catalyst Partners. This brings the total raised by the startup to date to $34 million.

Booktrack raises $5 million

New Zealand startup Booktrack, which adds soundtracks and ambient audio to e-books, has raised $5 million in a round led by COENT Venture Partners and Sparkbox Ventures. The funding will be used to “drive rapid growth through marketing innovation, the acquisition of premium content and allowing any publisher, self-publisher or musician to create and sell Booktrack titles through the Booktrack marketplace.”

Q100 raises $82.1 million

Q100, an Asian e-commerce platform, has announced that it has raised $82.1 million in a Series A round led by Singapore Press Holdings, with participation from investors including eBay and Saban Capital Group. The funding will go towards development of tech and services and new hires.

Apprenda raises $24 million

Apprenda, a startup providing enterprises with infrastructure on which they can build new software, has raised $24 million in a round led by existing investor Safeguard Scientifics. The round brings its total funding to 56 million.

500px raises $13 million in Series B round

Toronto-based 500px, a photo marketplace and community, has raised a $13 million Series B round led by Visual China Group. All major investors from the startup’s Series A, including Andreessen Horowitz, Harrison Metal, and ff Venture Capital, participated in the round, bringing the total investment raised to date to $23 million.

Medallia raises $150 million

Medallia, a startup providing SaaS customer experience management solutions, has raised $150 million in funding from Sequoia Capital. This brings the total raised by the startup since it was founded in 2001 to $255 million. It plans to develop new product capabilities and tools and expand its footprint in major markets.

Survata raises $6 million

Survata, a startup producing consumer surveys, has raised $6 million in a Series A round led by IDG Ventures, with participation from investors including Bloomberg Beta, Alexis Ohanian, and Garry Tan. The startup stated in a blog post, “This investment will fund our continued improvement of our current offerings, as well as building new products, such as trackers, API implementations, B2B research products, and other subscription products.”

Flipboard raises $50 million in Series D financing

VentureBeat reports that Flipboard has raised $50 million in a Series D round. A spokeswoman told the publication, “We closed a $50 million round with a new institutional investor. We’ll use the funds to expand our engineering and sales teams as well as increase investment in infrastructure to support the growing number of readers and curators on Flipboard.”

Image: The Kotikan team.