FiveStars grabs $50m Series C round


FiveStars, a rewards program for small businesses, has secured a $50 million Series C funding round led by HarbourVest Partners. Lightspeed Venture Partners, Menlo Ventures and DCM Ventures were among the other participants in the round. The company will look to expand its team with the new funding. “The in-store service experience has failed so many customers before. Now, major chains and retailers are replacing cashiers with kiosks and tablets to take orders and serve customers,” said Victor Ho, co-founder and CEO of FiveStars. “Our vision is to make commerce as personalized offline as it is online and bring exceptional service experiences back in-store. We’re just scratching the surface on what’s possible and we’re excited to work with our investors who share the same passion, dedication, and vision as we do to make this happen.”

Qubole, a big data-as-a-service company, closed a $30 million Series C financing round led by IVP. Existing backers CRV Lightspeed Venture Partners and Norwest Venture Partners also participated in the round, which brought the company’s total funding to $50 million. Qubole will use the funds to expand the availability of its Qubole Data Service, a big data analytics platform. “As more data is created in the cloud than on premise, enterprises need a complete big data solution that can provide SQL, machine learning, real-time analytics and batch processing in the cloud that is also self-service and operationally simple to manage,” said Somesh Dash, General Partner at IVP. “Qubole’s platform is already being used by innovative customers with unprecedented data needs, and has proven to be the most comprehensive, easy-to-use and economical solution available. IVP was impressed by the quality of the management team, the size of the market opportunity and the strong traction to date. The company is poised for explosive growth and we couldn’t be more excited about becoming shareholders.”

Datical, a provider of agile database automation solutions, has raised $8 million in Series B funding, led by S3 Ventures with participation from existing investors Mercury Fund and Austin Ventures. Datical will use the funds to expand its platform. “Whether our customers are using cloud or on-premise databases, we enable them to increase the speed, accuracy and security of database change,” said Derek Hutson, CEO of Datical. “As the market turns to Datical to solve this problem, partnering with S3 enables even greater investment in our technology and provides our current and future customers with ever-increasing value.”

Iterable, a marketing startup, has raised $8 million in financing from CRV and previous investors. The company has now secured just less than $10 million in funding. Iterable will use the funds to expand its channel network and team, with emphasis on its engineering and sales departments.