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3 Startups Quietly Raised Money This Quarter

Three interesting startups in San Diego have raised capital over the past two months without announcing the deals publicly.

There are lots of reasons companies raise money without telling the world about it. First, the money raised could be a small chunk of a bigger fundraising round that a company may not announce until the round is complete. Second, it can tip off competitors that there’s fuel in the tank.

But new capital is also a sign that companies are grinding and getting the support they need to grow.

Here are three local startups that filed regulatory forms with the U.S. Securities and Exchange Commission signaling they’ve raised cash in the past two months:

Cleantech Startup Measurabl Raises $2.3 Million

San Diego cleantech startup Measurabl Inc. filed a Form D on May 2 showing the company raised $2.3 million from 19 investors.

This raise is in addition to the $2.3 million round that was announced back in 2014.

Measurabl makes software for companies to track environmental metrics, and was named one of San Diego Venture Group’s “Cool Companies” for 2017.

Adtech Startup Empyr Adds $1.5 Million

San Diego startup Empyr, a marketing technology company, added $1.5 million to its equity raise earlier in the year. The company has now raised $4.5 million since January from a total of five investors. That’s according to an amended Form D filed on June 13.

Empyr, a sub-business of Jon Carder’s rewards platform company Mogl, develops technology that allows companies to track when online advertising leads to offline purchases.

Late last year, Empyr announced a partnership with review website Yelp.

Medtech Startup Cue Inc. Raises $15.5 Million

This quiet startup hasn’t put out a press release since 2014, when the company raised $7.5 million from Hollywood star Leonardo DiCaprio and Salesforce.com CEO Marc Benioff, among others. The company makes a consumer device that allows people to test for influenza, vitamin D levels, inflammation, fertility, and testosterone – all from their homes. The device is paired with a mobile app that helps the user make sense of the test results.

Now, the company appears to have raised another $15.5 million in a debt financing, according to a Form D filed on May 16. The company started raising the round in December 2015, the form said, and the cash came from a total of 12 investors.

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