Funding and Acquisitions Roundup: mxHero gets $1.25M for its email app development platform

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

mxHero, an email applications development platform, has landed $1.25 million in Seed funding. Investors include White Star Capital and Angel investors Esther Dyson and Ari Kushner. The company has developed framework that allows developers to build applications on top of large email clients. It was founded in 2010 by former World Bank consultant and email technology veteran Alex Panagides. It is a graduate of the Entrepreneurs Roundtable Accelerator and previously raised $400,000 in its first two rounds of Seed funding.

Vital Stats:

Website: www.mxhero.com

HQ: San Francisco

Founder: Alex Panagides

Year Founded: 2010

Investors: White Star Capital, Esther Dyson, Ari Kushner, other unnamed Angel investors

Innovation: A framework that allows developers to build applications on top of large email clients.

Funding: $1.65 million (three Seed rounds)

(Sources: mxHero, TechCrunch, LinkedIn)

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Nifti Reveals A Price-Tracking & Alerts Service Backed By $800K From Google Ventures, Otto Capital & Others (via TechCrunch)

Singapore-based online grocer RedMart closes Series A round to bring its total funding to $4.6m (The Next Web)

Venturocket Grabs $700K To Kill Resume Spam, Build A Better “Pay-Per-Connection” Jobs Marketplace (via TechCrunch)

Audiodraft Raises $400,000 To Expand Custom Music Marketplace (hypebot.com)

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