Plated, a meal-kit provider, has raised $15 million in Series A funding in a round led by Greycroft Partners. Formation 8, ff Venture Capital, Lerer Ventures, Great Oaks Venture Capital, Kite Ventures and Slow Ventures all participated. New York-based Plated delivers recipes and ingredients to consumers to allow them to cook their own meals in 30 minutes or less. The company has raised over $21 million to date since being founded in 2012.
Weddington Way, a shopping site for weddings, has closed a Series A round worth $9 million, led by Javelin Venture Partners. Existing investors Battery Ventures, Felicis Ventures and Trinity Ventures all participated. The company has now raised a total of $11.5 million to date and the latest funding will be used to grow the team, and drive development of the brand. “Each new infusion of capital is also a tremendous vote of confidence in our business model, our technology, and the experience we’re delivering to our customers – which is of paramount importance to us,” said Ilana Stern, Founder and CEO of Weddington Way.
Smart toothbrush creator Beam Technologies has raised $5 million in Series A financing from Drive Capital. The company’s toothbrush collects data about the oral hygiene of users, and displays it on a smartphone app. The brush also times how long the user is using it for, counting down from two minutes. “We’ve been working hard to transform the mundane two-minutes people spend brushing their teeth to create a highly engaging user experience — so much so that on our first run, the Beam Brush sold out,” said Beam Technologies’ founder and CEO, Alex Frommeyer.
FoodPanda, a food delivery company, has raised a $60 million Series D round from Falcon Edge Capital and Rocket Internet. FoodPanda was founded in 2012 and has raised $108 million to date. The company will use the funds to grow in its existing markets, which include over 40 countries and concentrate on Southeast Asia, Latin America the Middle East and Africa. “We want to firmly establish ourselves as the easiest and most preferred way to order food regardless of the location with our wide-spread network of the best and top quality partner restaurants and exclusive food deals,” said Vijayendra Singh, MD and Co-Founder, foodpanda.in.
Media company Buzzfeed has raised a $50 million round of funding from Andreessen Horowitz. The company has now raised $96 million since it was founded in 2008. Buzzfeed specializes in viral media content and has been one of the major disrupting forces in the media industry. According to the New York Times the company will use the latest funds to build new content sections, expand its video arm and add new technology in-house.
12/We are very excited to work with everyone at Buzzfeed to help them realize their dreams of a profoundly important new media institution.
— Marc Andreessen (@pmarca) August 11, 2014