The Chinese social network Renren is pouring $1.5 million into Trucker Path, a mobile app that provides detailed information about rest stops, weighing stations, and other parts of the truck driver’s experience. The app has 100,000 registered users and plans to use the financing to add to its platform a feature that connects commercial truckers with shippers. “The American trucking industry definitely needs change,” said CEO Ivan Tsybaev in a statement. “Our mission is to solve not only economic, but also social problems in the industry. Truckers deserve to earn more, America needs to make trucking more appealing for the younger generation.” Trucker Path is being run out of San Jose, Calif.
Swiftype, a provider of customizable search solutions for websites and apps, has secured $13 million from New Enterprise Associates, a previous investor. Swiftype has now raised over $20 million since being incubated at Y Combinator. It operates out of San Francisco with a current team of 25.
Stance, a high-end sock company, has raised $50 million from an A-list of VC investors, including Kleiner Perkins, Menlo Ventures, and Shasta Ventures. Science, Sherpa Ventures, August Capital, and Mercato Partners also participated. The company will reportedly use the financing to expand into new a new product category–underwear.
The human resources platform Namely has raised $11 million from Greenspring Associates, Vayner/RSE, Lerer Hippeau Ventures, True Ventures, and Matrix Partners. It comes just three months after the company raised a $12 million Series B. The HR software market is currently dominated by Workday, which has a market capitalization of nearly $16 billion. Namely is based in New York.