Lob, a cloud-based printing API provider has secured a Series A round worth $7 million, led by Polaris Partners. First Round Capital, Floodgate and other individual investors also participated. Log previously raised a seed funding round in November 2013 worth $2.4 million. “Lob is squarely focused on building the infrastructure that exists for email for physical mail,” said Co-Founder Leore Avidar. “Our API allows customers to focus on their core offerings and not have to deal with traditional mail houses and the outdated problems that exist with working with them. Companies that use our product can send mail as effortlessly as sending an email. We had a great deal of interest from a broad base of potential investors and are very excited about working with this syndicate led by Polaris, given the value these firms bring to the table.” Log was founded in 2013 and is a recent graduate of YCombinator.
Grocery delivery startup Good Eggs has raised a $21 million Series B round led by Index Ventures, according to TechCrunch. The company’s locally sourced, organic goods delivery service is currently available in San Francisco, Brooklyn and New Orleans and Good Eggs will use the new funds to expand to other cities and build out its technology.
GlobalTranz, a logistics and transportation management company, has completed a $40 million Series C funding round led by Providence Strategic Growth (PSG) and Susqehanna Growth Equity. “GlobalTranz is a perfect fit for PSG’s investment strategy of identifying companies that have the opportunity to disrupt large industry segments by applying new technology to solve industry problems. The company’s track record of consistent high growth makes it a compelling investment. We are looking forward to working with Andrew Leto and his team to help solidify GlobalTranz’s position as one of the dominant providers of technology enabled transportation services,” said Mark Hastings, Managing Director of Providence Strategic Growth.
Authy, an authentication provider for cloud-based services, has completed a round of financing worth $3 million. Two-factor authentication, which the company specializes in, has become a hot topic of late following the leak of celebrity photos onto Reddit. “Authy is leading the way for users to replace passwords for all types of online applications,” said Marc Boroditsky, the newly appointed President and COO of Authy. “Usage of their two factor authentication solution has increased an impressive 110% in the past six months. Daniel and his team have created a powerful yet simple solution and it’s no surprise that they have generated impressive traction with category-leading customers.”