Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Vroom raises $95M, expects valuation close to the billion
Used car marketplace Vroom today announced a $95 million funding raise and the acquisition of Texas Direct Auto. The announcement comes on the heels of a July raise of $54 million.
Vroom buys up used cars from people around the country and sells them on its online marketplace. Unlike most used car sales lots, it delivers cars directly to buyers and offers a 7-day money-back guarantee. The TDA acquisition will help Vroom bolster its own technology and build out its marketplace. To date the company has raised over $200 million and expects annual revenue to reach $900 million by the end of 2015.
More: Business Wire
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CVC Capital Partners invests $80M in Kount
Kount, a startup that offers merchants fraud detection services for online and mobile payments, announced today that it received an $80 million investment from CVC Capital Partners.
More: Kount
Database admin company Datavail raises $47M round led by Catalyst
Datavail, a company that offers database administration for enterprises, took in a $47 million investment led by Catalyst Investors, the VC firm announced today. Tahosa Capital, Lumerity Capital Partners, and Boulder Ventures also contributed to the funding round that gives Datavail a total of $60 million in venture funds.
This list will be updated with breaking funding news all day. Check back for more.
