Freshbooks, a cloud-based accounting software provider, has raised a Series A round worth $30 million, led by Oak Investment Partners. Atlas Venture and Georgian Partners also participated. Freshbooks has not previously raised funds since it was founded in 2003 and will use this investment to expand its team.
Commercial drone development and operation platform Airware has secured $25 million in Series B funding from Kleiner Perkins Caulfield & Byers. Airware was founded in 2011 in San Francisco and customizes hardware and software for drones used for commercial purposes from agriculture to construction. The company has raised over $40 million to date.
Chicago-based online lending company AvantCredit has raised a Series C round worth $75 million from Tiger Global Management. The company, founded in 2012, offers loans of up to $20,000 to borrowers who are unable to obtain a loan from a traditional bank. AvantCredit has raised over $100 million in funding to date.
Rong360.com, a Beijing, China-based private lending search provider, has raised $60 million in Series C financing, in a round led by a subsidiary of Singapore’s Temasek Holdings, Pavillion Capital Pet, according to reports. Existing investors Lightspeed Venture Partners, KPCB, Zero2IPO Ventures and Sequoia Capital all participated. Rong360.com was launched in 2011 and has previously received $30 million in funding last July.
Mobile games developer Social Point has raised $30 million in Series C funding led by Highland Capital Partners Europe. Existing investor Idinvest also participated. Social Point develops mobile games for both iOS and Android platforms, after initially only developing titles for Facebook. “The company has been profitable for the last seven consecutive quarters and is on pace to surpass $100M in revenue for this year,” said Andrés Bou, co-CEO of Social Point.
Restaurant reservation platform Quandoo has closed a Series C financing round worth $25 million. Pilton Capital and affiliates led the round, and Holtzbrinck Ventures, DN Capital, the Sixt family and Texas Atlantic Capital all participated. Quandoo intends to use the funds to expand through Europe and launch in APAC and Latin America.