This week at YEC, we wanted to celebrate two member companies who have recently closed impressive funding rounds. Each raising over $10 million in their respective rounds, these companies foresee significant growth with the help of the money collected.
1. YEC Member Company Kiip Raises $12 Million Series C Round
Kiip, a marketing and monetization platform led by YEC member Brian Wong, raised $12 million in a Series C funding round. New investors North Atlantic Capital and US Cellular, as well as existing investors Relay Ventures, HWVP, Verizon Ventures, and True Ventures, participated in the funding round.
Kiip announced their funding news on July 19. The company plans to use the funds to establish more partnerships, grow its sales and marketing teams, both in the U.S. and internationally, and further develop its moments marketing tool. Kiip uses moments to delight users, promote brands and monetize apps. Brands can use moments marketing to create targeted ads based on geolocation, mobile device performance, optimal timing and customer actions.
Read more in this VentureBeat post detailing the news, here.
2. YEC Member Company Grow Raises $11 Million Series A Round
Grow, a company led by YEC member Rob Nelson that offers a real-time data dashboard to help companies accelerate their growth, raised $11 million in a Series A funding round. The round was led by Toba Capital.
Grow announced their funding news on July 14. The company believes in using data to drive company culture and decision making, and to accelerate growth. Businesses are realizing the potential of Grow to help them become more data-driven, and the funds raised will help Grow spread its platform to even more companies.
Additionally, Grow announced that Vinny Smith, the founder of Toba Capital, has joined Grow's Board of Directors.
"Thanks to our investors, we're going to make Grow increasingly powerful over the next year, and new board members like Vinny will be key in developing the connections and strategies that will spread the data-driven power of Grow to many more companies," said Rob in Yahoo.
Read more in this Yahoo post detailing the news, here.