NEWS
Spiffy Raises $22 Million Series B
The round was led by Tribeca Venture Partners, with participation from existing investors Bull City Venture Partners, Shell Ventures, Idea Fund Partners, Trog Hawley Capital, and Attinger. New investors include Goodyear Ventures, Private Access Network, Gaingels, and Flucas Ventures. The company will use its Series B funding to advance the geographic roll-out of new Spiffy markets, expand franchise territories, and introduce new service offerings including tires and repairs.
Since its launch in 2014, Spiffy has serviced over 891,000 vehicles nationwide and is currently delivering over 2,000 services daily across 36 markets. With a significant Series B investment, Spiffy plans to continue to establish itself as a premier mobile car care and maintenance provider in a United States automotive repair and maintenance services market projected to reach $250B by 2026, up over 24% from $201B in 20201. The company's geographic growth will be supported with a hybrid model that includes Spiffy-owned-and-operated locations and new franchise cities.
Blueprint Title Raises $16 Million Series B
Blueprint Title, an insurtech startup working in the title insurance space, announced this morning that it closed a $16 million Series B. The new round was led by Forté Ventures. The startup previously raised an $8.5 million Series A in the final weeks of 2019.
ID Technologies Acquires Attila Security
Ashburn, VA, July 15, 2021 – ID Technologies LLC (“the company”), a mission-driven technology provider backed by The Acacia Group, announced today that it has acquired Attila Security, a leading developer of data security products with customers across the U.S. federal government. Attila Security will integrate with the company’s Archon secure solutions division, adding complementary product IP and technical capabilities, new customers and greater sales capacity to the Archon secure product portfolio. The addition of Attila will strengthen Archon’s position as a premier Commercial Solutions for Classified (CSfC) enterprise solution provider.
Shutterfly to Acquire Spoonflower for $225 Million
Durham e-commerce startup Spoonflower, which sells custom fabric and runs a marketplace for designers, has been bought by Shutterfly in a deal worth $225 million.
The sale comes after Spoonflower saw record growth during the pandemic, as consumers chose to shop online instead of in-person and more people turned to crafting while stuck at home.
Full Measure Education Raises $10 Million Growth Round
WASHINGTON, June 11, 2021 /PRNewswire/ -- Full Measure Education, the company behind the leading mobile engagement platform for colleges and universities, announced it has raised a $10 million growth equity round led by Fulcrum Equity Partners, one of the Southeast's largest growth equity firms. This financing provides Full Measure with the opportunity to broaden its impact on the student journey by expanding its platform to meet the needs of all institutional stakeholders.
Full Measure plans to use this investment to scale its executive, customer success, product, and engineering teams from 40 employees to 100. Along with this team growth will come an expansion of its Washington, D.C headquarters, where the team looks forward to enlarging its footprint in historic U-Line Arena located in NoMa. These changes will help Full Measure expedite its roadmap considerably.
Levitate Reaches 2,000 Paid Customers, Raises $8M
Levitate, the keep-in-touch marketing platform started by former ShareFile founder Jesse Lipson, quadrupled its revenue in 2020 and now has more than 2,000 business customers. Additionally, the company added $8M of funding to their Series B round, bringing total fundraising to $20M.
"Our mission as a company is to help small, relationship-based businesses grow," said Jesse Lipson, Founder and CEO of Levitate. "With the global pandemic impacting many small businesses across the country, our clients have been relying on Levitate more than ever to help them stay top of mind with clients, prospects, and referral sources in a personal and authentic way."
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