Funding and Acquisitions Roundup: IFTTT lands $1.5 million in Seed funding for its web tools interface
Today’s technology funding and acquisitions news roundup…
Today’s funding announcements are all about companies that help the end user make the web work better (or more personally) for them. A good illustration of this is IFTTT, a startup that helps users pull together various web services and social media functions into one sharing and saving interface. The company announced today that it has raised a $1.5 million Seed round. The name stands for “if this then that”…and I love the URL for its “About” page: http://ifttt.com/wtf.
On the social media front, GrabCad, a social community and marketplace for mechanical engineers, announced today the closing of its $4 million Series A round. Niche social communities like this are not new, but are getting new attention from investors as the social media landscape shifts toward more specialization. Boston-based GrabCad was founded in 2009.
Today’s other funding and acquisitions announcements: