Category: Fundings and Exits

PicMonkey Grabs $41 Million Investment

PicMonkey, a Seattle-based photo editing web app just secured a $41 million growth equity investment from Spectrum Equity. This is the three-year-old company’s first ever round of outside funding, the site has bootstrapped its way into profitability. “PicMonkey has grown from the ground up into a profitable business without a single round of outside funding,” Jonathan Sposato, co-founder and…

Vaniday, Rocket Internet’s Beauty And Wellness Marketplace, Scores €15M Backing

Vaniday, the online marketplace for beauty and wellness professionals co-founded by e-commerce behemoth and ‘startup builder’ Rocket Internet, has bagged its first major round of funding. The burgeoning company has raised €15 million of investment from Rocket Internet and others — money co-founder and CEO Maxime Legardez tells me will be used to bed down…

GitHub Raises $250M Series B Round To Take Risks

GitHub, the software development collaboration and version control service based on the popular open source Git tool, today announced that it has raised a $250 million funding round led by Sequoia Capital. Andreessen Horowitz, Thrive Capital and Institutional Venture Partners also participated in this round. The company, which was founded back in 2008, has now taken…