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.
European payments processor iZettle raises $67M and launches a cash advance service for SMBs
European mobile payments processor iZettle has announced a fresh €60 million ($67 million) raise. The round was led by Intel Capital and Zouk Capital, both existing investors, and takes the company’s funding to almost €150 million ($168 million).
While Jack Dorsey’s Square has been setting out to disrupt the epayments market for small to medium-sized businesses in North America and Japan, iZettle has been doing the same in its native Sweden, as well as Finland, Denmark, Norway, U.K., France, Germany, Netherlands, Spain, Brazil, and Mexico.
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Part of the company’s new $67 million cash influx will be used to help support the rollout of iZettle Advance, as well as fueling the company’s overall business.
Search startup Qbox raises $2.4M to develop a front end for non-technical users
Qbox, a startup that operates a cloud-based version of the Elasticsearch open-source search database for use in other companies’ applications, is announcing today that it has raised $2.4 million.
Qbox, formerly known as StackSearch, started in 2012 and has offices in San Francisco and Fayetteville, Arkansas. The startup participated in the Alchemist Accelerator program earlier this year. The startup employs 12 people, and the headcount should double in a year, Brandon wrote.
Vulcan Ventures led the round in Qbox. Flint Capital, FundersClub, Salesforce chief technology officer Steve Tamm, and former DocuSign CEO Steve King also participated.
This list will be updated with breaking funding news all day. Check back for more.
