Today’s early-stage startup funding and acquisitions news:
Commerce
New York City-based Coinsetter, which is setting up a Bitcoin trading platform, has pulled in $500K in Seed funding. The round was led by Barry Silbert, founder and CEO of SecondMarket (through his Bitcoin Opportunity Fund), and entrepreneur Jimmy Furland. Other investors include Tribeca Venture Partners and Angels. Here’s the funding announcement, from the Coinsetter blog.
Clothing and accessories resale site Fashion Project has landed $1.8 million in Seed funding for its charitable approach to fashion commerce. The company donates a percentage of the profit from each sale to one of over 50 charities that they have partnered with (and can bring more on at a seller’s request). The seller chooses the charity (presumably charities) they want to donate to, and Fashion Project takes care of the rest, according to TechCrunch. Investors include Atlas Ventures, High Peak Ventures, Schooner Capital, and Angel investors.
Cloud
ParElastic, a Boston–based startup that focuses on making enterprise databases work better in the Cloud, has raised $5.7 million in Series A funding. The round was led by General Catalyst Partners and included previous investors Point Judith Capital, CommonAngels and LaunchCapital. ParElastic was founded in 2010. Here’s the company press release announcing the funding.
Advertising/Marketing
Facebook and mobile apps promotion startup SocialWeekend Labs has been acquired by digital advertising marketplace Adknowledge. Terms of the deal have not yet been disclosed. San Francisco-based SocialWeekend was founded in 2011, and has raised a Seed funding round from Great Oaks Venture Capital, Brad Harrison Ventures, and unnamed Angel investors. More about the deal via Adknowledge’s press release, via PEHub.
And one more for today…
QuizUp developer Plain Vanilla announces $2.4 million Series A funding round (via PocketGamer.biz)
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