Online meeting solution, Fuze Box, announced today $20 million in Series A funding led by Index Ventures with participation from Khosla Ventures and Insight Ventures. Fuze Box also announced $2.5 million in debt financing from TriplePoint Capital. The entire Series A round comes in at $22.5 million.
Backupify, cloud application data backup service, announced today that it has secured $9 million in Series C funding. Symantec Corp. led the round with existing investors, Avalon Ventures, General Catalyst Partners and Lowercase Capital. Backupify has raised a total of $19.5 million. This round of funding will be used for product development and growth, as well as the creation of new services.
Retargeting platform, AdRoll, announced today it has secured $15 million in new funding. Foundation Capital let the round with previous investors, Merus Capital and Accel Partners. According to AdRoll, the display advertising industry is projected at $200 billion and retargeting is the prime spot in this industry. AdRoll currently supports over 5,000 customers across the globe and grows by about 500 new customers each month. In 2011, AdRoll grew by a whopping 400% and was recognized as the fastest growing ad technology of the year. The company is known for the industry's only end-to-end retargeting API and the first dynamic ad solution to require zero customer integration.
This Thursday, the 12th, DreamSimplicity will be attending and filming the Ignite! Fund Raising event at the Citrix Startup Accelerator in Santa Clara. We encourage everyone to sign up for the event. Ignite! is a monthly event where startups compete to pitch their ideas to VCs for funding. The event is for high tech, software, clean tech, medical device, biotech or medical diagnostic companies.
March was a busy month for venture capital. Here are 5 enterprise cloud companies that received funding in March. The lists represents PayWall Management, Social Marketing for the music and entertainment industries, Technology Business Management, Cloud Migration, and Corporate Performance Management.
CloudShare, an app that allows users to demo software in the cloud, has raised $10 million in new funding led by Globespan Capital Partners with existing investors Sequoia capital, Charles River Ventures and Gemini Israel Funds participating. This brings CloudShare’s total funding to $26 million.