Taboola, a content discovery platform, has raised a $117 million Series E financing round led by Fidelity Management and Research Company. Previous backers Marker LLC and Steadfast Capital also participated, along with new investors Advance Publications, Comcast Ventures, Groupe Arnault and Yahoo! Japan, among others. “It’s extremely humbling to have such prestigious investors, both existing and new, join the Taboola family because they believe in our team and vision,” said Adam Singolda, founder and CEO of Taboola. “We started Taboola with a mission to build a search engine in reverse — instead of people looking for information, information now looks for us. As a company, we focus on culture, technology and tangible assets that our partners appreciate and can measure. This round will help us fuel growth, and launch next generation personalization technology to further connect consumers with information they may like and never knew existed.”
Cloud video conferencing startup Zoom has raised $30 million in Series C funding, led by Emergence Capital. Existing investors such as Horizons Ventures and Qualcomm Ventures also participated. The company, founded by CEO Eric Yuan, will use the funds to expand its business worldwide and grow its sales and marketing teams. “Zoom is a perfect fit with Emergence Capital’s mission of investing in the cloud visionaries who are building the most important business applications. The company’s explosive growth over the past year shows that they are primed to emerge as the industry’s market leader, and Eric’s key role at WebEx makes him the ideal entrepreneur for this opportunity. Zoom truly is one of the most capital efficient and fastest growing SaaS companies,” said Santi Subotovsky, Partner, Emergence Capital.
ClusterHQ, a development software company, has raised $12 million in Series A funding led by Accel Partners London, with participation from Canaan Partners and previous backers. ClusterHq’s main product is the open source Flocker tool, which makes it easier for developers to move apps that run in Docker containers.
LE TOTE, a platform for women to borrow clothing, has secured $8.8 million in Series A funding led by Azure Capital Partners, with participation from Lerer Hippeau Ventures, Simon Venture Group, AITV, Epic Ventures, Arsenal Venture Partners, Funders Club and other individuals. The company will use the funds to expand its offering and infrastructure. “We’re hearing from women that they want the freedom of more options in their wardrobe, without spending tons of money and constantly buying new clothes,” said Rakesh Tondon, CEO and Co-Founder, LE TOTE. Brett Northart, President and Co-Founder, LE TOTE adds, “With massive amounts of clothing going to waste every year, we’re excited to use this funding to fundamentally change the way people shop and open up a new world of choices for women to supplement their existing wardrobe in a sustainable, affordable way.”