Funding your startup is a fundamental piece of the entrepreneurial puzzle. You can’t sell something if you can’t make it, and to make it you need some form of financing. Read on for an overview of the main categories:
DevOps infrastructure software provider Hashicorp, a tempCFO client, has raised $24M in Series B funding. Hashicorp offers open source tools and enterprise services for the entire application delivery spectrum. The Series B financing round was led by GGV Capital, with additional financing from Mayfield, True Ventures, and Redpoint. It was announced on September 7 at HashiConf 2016 in Napa, California.
Chatbot messaging startup Sensay, a tempCFO client, has raised $4.5 million in seed fundraising. Sensay uses a bot to matches users with questions to other users who can answer them, aiming to connect “awesome humans.” The seed financing round was led by Norwest Venture Partners in addition to financing from Greycroft Partners, NHN, Sweet Capital, and Draper Associates. The closing of the seed round was announced on August 2.