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.
Tim Draper leads $1.2M investment in Bitcoin startup Hedgy
Hedgy, a Bitcoin company that hopes to tackle the cryptocurrency’s volatility issues, has emerged fromAdam Draper’s Boost accelerator with $1.2 million in hand.
In addition to the funding, the company also announced that its block-chain enabled contracts is now available.
Read More: Tim Draper leads $1.2M investment in Bitcoin startup Hedgy
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Bitcoin wallet Circle lands $50 million in funding
Today Bitcoin wallet Circle announced the raise of $50 million dollar in series C funding, led by Goldman Sachs and IDG Capital Partners. Since founding in 2013, the company has raised a total of $76 million.
Circle helps Bitcoin owners store and exchange the cryptocurrency, and starting today, the company is also allowing users to hold and transact dollars.
Read More: Bitcoin wallet Circle lands $50 million in funding
BlueLine Grid raises $3.8 million to grow its mobile network
Co-founded by New York City Police Commissioner Bill Bratton, BlueLine Grid is a secure mobile messaging network for governments and enterprises that first got its start as a tool for police officers. Today, the company announced a strategic investment from In-Q-Tel.
Though the financials were not disclosed in the announcement, an SEC filing from earlier this month reveals that the company raised $3.8 million. Fred Sands is also listed on the document, chairman of Vintage Capital Group as well as Double M Partners.
Read More: In-Q-Tel Invests in Mobile Communications Platform BlueLine Grid
Lyst takes $40M to build its fashion e-commerce platform
Lyst partners with fashion brands to create a platform where consumers can shop multiple stores and today the startup raised a whopping $40 million from Group Arnault, Accel Partners, Balderton Capital, 14W, and DFJ.
The London-based Lyst connects millions of shoppers with 11,000 brands and claims to have generated $150 million in sales from its platform.
IT analytics startup ScalingData rebrands as Rocana, raises $15M
ScalingData, a startup that built analytics software for tracking IT infrastructure that applications depend on, today announced that it has rebranded to Rocana and that it has taken on $15 million in new funding. Google Ventures led the round. General Catalyst Partners, Toba Capital, and Paul Sagan also participated. To date the startup has raised $19.4 million.
This list will be updated with breaking funding news all day. Check back for more.
