BigPanda, a developer tool for IT management, is being backed by Sequoia Capital and Mayfield Fund in its $7 million Series A round. The Mountain View, Calif.-based company currently has 15 employees. It joins Moogsoft and Pager duty as other incident management SaaS companies to recently raise funding rounds.
Kleiner Perkins, ABS Capital Partners, Shenzhen Fortune Venture Capital, and the DFJ Dragon Fund are among the pool of investors to pour $30 million into Lomark, a Chinese mobile advertising platform. Lomark, founded in 2010, provides data analytics and targeting solutions to advertisers looking to reach specific markets within China. Its backers are betting that it will grow alongside the Chinese market for mobile advertising, as more and more people in the country connect to the Internet for the first time through a mobile device.
The employee health and wellness benefits software company Limeade announced that it has raised a $25 million Series C round, bringing total funding for the eight year old company to over $34 million. Greenwich, CT-based VC firm Oak HC/FT partners and returning investor TVC Capital of San Diego, CA provided the financing to the Bellevue, Wash.-based Limeade in its latest round.
Automated investment service Wealthfront has secured a $70 million Series D from a currently undisclosed list of investors. Previous investors in the Palo Alto-based company, which has now raised over $135 million, include Benchmark Capital, Greylock Partners, Marc Andreessen, Ben Horowitz, Marissa Mayer, Mark Pincus, and Kevin Rose. Wealthfront was founded by Andy Rachleff, a Benchmark Capital co-founder, and Daniel Carroll, and has gained traction among employees at Silicon Valley companies who are using the service as an alternative to traditional asset managers and financial planners. It was previously known as Kaching.
The New Delhi-based online deals marketplace Snapdeal has raised $627 million in equity financing from the SoftBank Internet and Media fund. Snapdeal now has over $1 billion, having just raised $100 million in May. If rumors are correct, that Japan’s Softbank purchased a 20-25% stake in the Indian company, then Snapdeal’s valuation would be between around $2.5 and $3 billion. SoftBank has money to play with after seeing its stake in Alibaba rise to $75 billion after the Chinese e-commerce site went through with its IPO on the New York Stock Exchange in September.