7 Freshly Venture Funded Tech Startups
Venture capital backing doesn’t guarantee long-term success. But it can reveal emerging shifts across the IT landscape (infrastructure, system software, applications, etc.). Here’s a look at seven tech startups that just raised money — and the potential channel partner implications of each venture capital deal.
1. Datos IO (San Jose), which develops a data protection and recovery platform for distributed databases, raised $15.25 million in seed and Series A funding led by multiple backers. The ChannelE2E Spin: Partners that are focused on mission-critical databases, analytics and big data systems could have a new way to protect the data across those systems.
2. HelloTech (Los Angeles), delivering on-demand tech support, raised $12.5 million in Series A funding. The ChannelE2E Spin: The platform sounds like a mashup of OnForce and Geek Squad — expert tech support for the home. Madrona Venture Group led the round.
3. Fundera (New York), an online credit marketplace for small businesses, raised $11.5 million in Series B funding led by Susquehanna Growth Equity. The ChannelE2E Spin: A potential marketplace for small VARs and MSPs to more easily pursue credit?
4. Iron.io (San Francisco), which offers cloud infrastructure services, raised $8 million in Series A funding led by Baseline Ventures. The ChannelE2E Spin: Looks like a partner opportunity mostly for developers and ISVs.
5. Onapsis (Boston), which develops an application security platform for SAP and Oracle customers, raised $17 million in Series B funding led by Evolution Equity Partners. The ChannelE2E Spin: Immediate opportunities for consulting firms, resellers, managed services providers (MSPs) and technology alliance partners.
6. Plexxi (Nashua, N.H.), which develops networking products for data centers, raised $35 million from multiple backers. The company’s management team includes a who’s who list of networking industry veterans. The ChannelE2E Spin: Plexxi is seeking technology partners and marketplace partners.
7. Tascent (Los Gatos, Calif.), focused on biometrics and identity technology, raised $18.5 million in Series A funding led by Tano Capital. The ChannelE2E Spin: Tascent says it has a network of partners “who help us to develop, deliver and support innovative, high quality products.”
Is your freshly funded tech startup building a channel partner program? Add the program to ChannelE2E’s Partner Programs Database. And contact me with details about your tech startup’s partner program strategy (Joe@AfterNines.com).