Base snaps up $30 mln in Tenaya Capital-led round

Mountain View, California-based Base, a next-generation sales platform, has raised $30 million in Series C funding. Tenaya Capital led the round with participation from other investors that included Index Ventures. PRESS RELEASE MOUNTAIN VIEW, CA, Sep 29, 2015 (Marketwired via COMTEX) — Base, a leading next-generation sales platform, today announced $30 million in round C funding. This comes in the wake of Base’s remarkable market expansion over the last year. The new funding will allow Base to both keep pace with growing demand and also invest aggressively in expanding the platform’s sales intelligence capabilities. “We are focused on building a product that revolutionizes the way companies sell,” said Uzi Shmilovici, CEO of Base. “Our mission is clear — provide sales teams with an all-in-one platform to dramatically improve productivity through data-driven insights.” Tenaya Capital led the round with participation from Index Ventures and previous investors. “We believe that Base is the future sales platform for data driven sales teams. Intelligence and usability is becoming a major competitive advantage in enterprise software,” said Stewart Gollmer, Managing Director with Tenaya Capital. “Base has proven itself as a leader in this transition and is rapidly building an impressive list of customers. Tenaya Capital is pleased to be an investor in this exciting company.” Base’s revenue has grown exponentially since their last round of funding in 2014. Similarly, Base has doubled its number of employees over the past year to keep up with growing demand. Today, more than 6,500 businesses worldwide run their sales teams on Base. Companies like Dow, Cisco, Jet.com, Sartorius and more are moving away from legacy CRM in favor of a modern, data-driven approach to sales. With over half a million mobile app downloads, Base has solidified its spot as a trailblazer in an outdated and traditional industry. Base’s continued growth and commitment to innovation has also led to recognition by Gartner, who in 2015 selected Base as a promising and powerful vendor in the Sales Force Automation Magic Quadrant. Waging a war to overthrow legacy CRM “It’s time to give sales teams everything they need in one place. The era of outdated charts, siloed data and stitched together point solutions is over. We’re here to bring new levels of productivity to sales teams while providing them with powerful data-driven insights,” says Base CEO, Uzi Shmilovici. Traditional legacy CRMs have continuously failed to meet the evolving needs of their customers, costing businesses millions in lost sales opportunities and expensive implementation costs. Such losses highlight the many shortcomings of legacy CRM in today’s market, and have further fueled the transition into a new age of sales. Base provides integrated sales productivity tools that visualize the sales experience. Base also boasts the #1 ranked mobile CRM app available on the market. As the industry’s leading next-generation sales platform, Base is reestablishing the importance of transparency, usability and simplicity in the CRM space. By building a complete platform that marries productivity and intelligence, Base is spearheading the long-awaited transformation of the CRM category. “Businesses worldwide are fed up with their legacy CRM vendors from the nineties,” says Base CEO, Uzi Shmilovici. “This frustration is what drives Base to create a revolutionary product that is easy to implement and that guarantees adoption rates otherwise unheard of with legacy vendors.” Over the past year, Base has experienced a growing roster of enterprise customers and champions. “Our growth in 2015 is a direct result of our customers’ success,” said Shmilovici. “That’s why we’re committed to building the most powerful, yet easy to use platform on the market. This new round of funding demonstrates how we are changing the face of CRM forever.” About Base Base is the industry’s leading next-generation sales platform. Unlike legacy cloud CRM and Sales Force Automation systems, Base leverages big data, mobility and real-time computing to help sales teams close more deals faster, while providing sales leaders with accurate forecasting and unprecedented visibility into their sales pipeline. With remarkably easy to use, yet robust web and mobile apps, Base is designed for the new way people work. More than 6,500 customers including Stryker, Jet.com, Dow and Cisco use Base to successfully manage their sales organizations. Base is headquartered in Mountain View, California and is backed by top tier venture firms. For more information please visit www.getbase.com.

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Base snaps up $30 mln in Tenaya Capital-led round

Alibaba, Ant Financial invest in Paytm

Alibaba Group Holding Ltd. and Ant Financial Services Group have invested in Paytm. Financial terms weren’t announced. Paytm, of New Delhi NCR, is a mobile payment & commerce platform in India. Ant Financial previously invested in Paytm in February. Citi provided financial advice to Paytm. PRESS RELEASE September 29, 2015 02:00 AM Eastern Daylight Time HANGZHOU, China & NEW DELHI–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE:BABA), Ant Financial Services Group and One97 Communications, the parent company of Paytm, India’s largest mobile payment & commerce platform, announced today an agreement under which Alibaba and Ant Financial have agreed to make a strategic investment in Paytm. Ant Financial made its initial investment in Paytm in February 2015 while Alibaba will become a new investor in Paytm after the completion of the transaction. The fresh capital infusion will allow Paytm to achieve scale and develop its vibrant mobile commerce and payment ecosystem in India and invest in marketing, technology and talent. Investing in Paytm will enhance the ability of Alibaba and Ant Financial to tap opportunities in India’s fast-growing mobile e-commerce marketplace and digital finance industry. Ant Financial has been developing synergies with Paytm since its initial investment in February of this year. Ant Financial’s further investment in Paytm with this transaction demonstrates the company’s confidence in India’s digital payment sector. Ant Financial and Paytm will continue to capitalize on opportunities in mobile wallet to offer Indian consumers comprehensive products and services and to tap the significant potential of the India mobile payment market. This transaction further demonstrates the commitment of Alibaba, the largest online and mobile commerce company in the world in terms of gross merchandise volume, to continue to internationalize its e-commerce business. Eric Jing, President of Ant Financial Services Group said, “Ant Financial has worked seamlessly with Paytm in the past few months and our technical teams have developed significant improvements on the user experience for Indian consumers. Ant Financial and Paytm will collaborate to capture mobile payment opportunities in India. We believe that Paytm, as a leader in this field, is best equipped to build a mobile payment ecosystem in the country.” Daniel Zhang, Chief Executive Officer of Alibaba Group said, “India is an important emerging market with strong e-commerce potential, and we look forward to partnering with Paytm to deliver innovative products and services to consumers. Supporting the success of local homegrown entrepreneurial companies has long been an important part of Alibaba Group’s globalization strategy. This investment will further expand Alibaba Group’s global footprint to India’s thriving mobile commerce market.” Vijay Shekhar Sharma, Founder and Chief Executive Officer of Paytm said, “Paytm is building India’s most dominant mobile payment and commerce ecosystem. With the Alibaba and Ant Financial partnerships, we look to bring half a billion Indians to the mainstream economy and help millions of small businesses leverage this large m-commerce opportunity. This investment by Alibaba and Ant Financial is a reaffirmation of their belief and commitment to the long term Paytm opportunity.” Citi acted as exclusive financial advisor to Paytm on this transaction. Paytm’s business has grown rapidly and robustly since Ant Financial initially invested in Paytm in February 2015. Ant Financial has also been offering strategic and technical support to the company. Paytm has recently crossed 100 million Paytm Wallet users who carry out over 75 million transactions every month. With this major achievement, Paytm has inched closer towards its larger vision of bringing half a billion Indians to the mainstream economy. About Alibaba Group Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses. Alibaba Group’s major businesses include: • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers • Juhuasuan (www.juhuasuan.com), China’s most popular online group buying marketplace • Alitrip (www.alitrip.com), a leading online travel booking platform • AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China • Alibaba.com (www.alibaba.com), China’s largest global online wholesale platform for small businesses • 1688.com (www.1688.com), a leading online wholesale marketplace in China • Aliyun (www.aliyun.com), a provider of cloud computing services to businesses and entrepreneurs About Ant Financial Services Group Ant Financial Services Group is focused on serving small and micro enterprises as well as consumers. With the vision “to turn trust into wealth,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Yu’e Bao, Zhao Cai Bao, Ant Micro Loan, Sesame Credit and MYbank. For more information on Ant Financial, please visit our website at www.antgroup.com; or follow us on Twitter @AntFinancial About Paytm Paytm is India’s largest mobile payment & commerce platform. With current user base of more than 100 million, Paytm is on mission to bring half a billion Indians to the mainstream economy using mobile payment, commerce and soon to be launched payment banking services. The consumer brand of India’s leading mobile internet company One97 Communications, Paytm is head-quartered in New Delhi NCR. The company’s investors include Ant Financial (Alipay), SAIF Partners, Sapphire Venture and Silicon Valley Bank.

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Alibaba, Ant Financial invest in Paytm

Apax returns to market for $7.5 bln global fund, say sources: Reuters

London-based private equity firm Apax is seeking $7.5 billion from investors for its latest fund, two sources familiar with the matter said on Monday, one of at least four major European buyout houses to launch fundraising drives in the coming months. Apax will begin raising capital for its ninth global fund later this year, the sources said, following a busy year of exits for the firm, including the sale of UK retailer New Look. Apax declined to comment.

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Apax returns to market for $7.5 bln global fund, say sources: Reuters

Digital marketing software company Wayin nabs $15.4 mln

Denver-based digital marketing software provider Wayin has raised $15.4 million in funding. The investors included U.S. Venture Partners and Daid Duffield, co-founder and chairman of Workday. PRESS RELEASE DENVER – September 25, 2015 – Real-time digital marketing software company Wayin has secured $15.4 million in new funding from influential investors in the technology community. This new round includes funding from a variety of notable technology entrepreneurs and investors, led by an undisclosed new investor with participation from others, including new investor David Duffield, founder of PeopleSoft and co-founder and Chairman of Workday, Inc., and existing investors such as U.S. Venture Partners, Hasso Plattner, founder of SAP, and Wayin Chairman and CEO Scott McNealy. The additional funding validates the value and growing importance of real-time marketing and the integration of authentic user-generated content into the marketing mix as a part of driving bottom-line business goals. After focusing the past two years on mastering the best way to leverage the persuasive power of user-generated content through the development of a marketing platform that allows marketers to discover and use the best social media content from consumers, the funding will play a major role in helping the company continue to expand its capabilities and scale for additional growth. Specifically, the new investment will be used to fund growth in the domestic and international Sales force, as well as the Engineering department, increasing creative talent headcount for Wayin Studio services and further international expansion. A recognized leader in real-time digital marketing capabilities, Wayin integrates with public Twitter, Facebook, and Instagram content to give marketers and media companies a powerful technology to find the most compelling social content and trends to build authentic consumer interest and persuade action. Wayin continues to be well positioned to take advantage of the rapidly growing marketing technology industry and serve the evolving needs of today’s marketers at big-name brands, such as Walgreens, MLB, The Weather Channel, Logitech, Blizzard Entertainment and Mashable. This announcement comes on the heels of co-founder and Chairman Scott McNealy taking a more active role in the company to help it scale for growth. Scott’s previous experience in leading aggressive expansion of technology companies and his proven leadership track record at Sun Microsystems has been a leading factor in propelling the company into its next stage of growth. Wayin has consistently grown year-over-year sales by 250 percent over the past two years and recently announced several partnerships with major companies such as Klout, among others. “Real-time digital marketing is at a critical tipping point where it’s going beyond just a part of a marketing campaign strategy and becoming imperative as its own product category,” said McNealy, Chairman and CEO, Wayin. “Being at the center of this evolving market, we couldn’t be more excited to be able to work with some of the tech industry’s most notorious leaders to make this next phase of growth a reality.”

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Digital marketing software company Wayin nabs $15.4 mln

Invus leads $45 mln Series B funding in Cava Group

Cava Group raised $45 million in Series B funding led by Invus. Other investors in the funding round included Swan & Legend Ventures and Revolution Growth. Funding will help Washington, D.C.-based Cava Grill’s growth including new markets and locations on the east and west coasts. Press Release Today, Cava, the Washington, D.C.-based Mediterranean fast-casual restaurant concept and Consumer Packaged Goods (CPG) brand, announces a $45 million Series B funding led by Invus with participation from existing partner Swan & Legend Ventures as well as Revolution Growth. The new investment will help fund Cava Grill’s growth including new markets and locations on both the east and west coasts, help technology initiatives and advancements, support community partnerships, and allow for enhancements of team member benefits. Cava Grill has 11 locations in the Washington, D.C. metro area and is set to open the first of several restaurants in the Los Angeles area this month. Cava products are sold in over 200 Whole Foods Market locations up and down the east coast, in the midwest, and soon to arrive in southern California. “We’re thrilled to have the support to help us with significant initiatives in the next year, including enhanced technology for our operations and customer experience, building our team to help execute store growth on two coasts, and a new production facility to support further expansion of our dips and spreads in natural and organic markets,” said Cava CEO Brett Schulman. Cava Grill brings modern, Mediterranean flavors to a casual setting for budget-, time-, health-, and taste-conscious customers. Inspired by their Greek roots, founders and childhood friends Ted Xenohristos, Ike Grigoropoulos, and Chef Dimitri Moshovitis created Cava’s culinary driven, flavorful, and healthful menu for a diverse customer. “Our mission is to empower entrepreneurs to transform their industries. Within the healthy fast casual movement that is sweeping the country, we believe Ted, Ike, Dimitri, and Brett have built a differentiated concept that can stake out a leadership position. We’re excited to partner with Cava for the road ahead,” said Benjamin Felt, Director, Invus. “This financing represents another major milestone in Cava’s remarkable growth,” said Todd Klein, Managing Director of SWaN & Legend. “We look forward to working with our new partners and management to bring delicious, nutrient-rich food to consumers nationwide.” About Cava Grill Cava is a rapidly expanding fast casual restaurant and Consumer Packaged Goods (CPG) brand focusing on fresh, better-for-you cuisine. Cava brings modern, authentic, and vibrant Mediterranean food to a national audience in both fast casual and grocery channels through a unique, culinary-driven brand. Cava Grill has 11 locations in the DC area: Bethesda, Tenleytown, Columbia Heights, Tysons, Merrifield, Chinatown, Westfield Montgomery Mall, the Kentlands neighborhood in Gaithersburg, Fairfax, Reagan DCA, and Ashburn. Cava will be expanding to Los Angeles, California in 2015. Cava Grill was born out of the Cava Mezze full service restaurants founded in 2006 by Ike Grigoropoulos, Ted Xenohristos, and Dimitri Moshovitis, who quickly made them into one of Washington, D.C.’s most esteemed destinations for Mediterranean-inspired fare. Additional information can be found online at www.cavagrill.com or on Twitter and Instagram by following @cavagrill SOURCE Cava Group, Inc.

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Invus leads $45 mln Series B funding in Cava Group