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Mohr Davidow Leads $25 Million Investment in Zebit’s Consumer Credit Platform

Tricia Duryee in Commerce on May 24 at 4:30 am PT

San Diego-based Zebit has raised $25 million in a fourth round of funding to grow its platform, which enables retailers to assess the risk of selling items to an individual consumer on credit. Mohr Davidow Ventures led the round, with Crosslink Capital, Leapfrog Ventures and QED Investors also participating. To date, Zebit says it has completed more than a million transactions.

News Byte

Vend Rings Up $2 Million for Point-of-Sale Technology

Tricia Duryee in Commerce on May 23 at 11:19 am PT

Vend, a start-up with offices in San Francisco and New Zealand, has raised $2 million to develop point-of-sale software that runs on any device, including iPads and legacy hardware found at the register. The round was led by Point Nine Capital in Europe. Vend, which has raised $3 million to date, says it has signed up 11,000 users in 80 countries and is processing one million transactions a month.

News Byte

Online Retro Clothing Shop ModCloth Closes $25 Million in Funding

Tricia Duryee in Commerce on May 15 at 9:48 am PT

ModCloth, an online retailer focused on retro-looking woman’s apparel, has raised $25 million in funding. The round was led by Norwest Venture Partners, with Accel Partners also participating. The capital will help expand the site’s “Be the Buyer” program, which allows customers to vote on items they’d like to see produced. The San Francisco-based company, which was founded by high school sweethearts Eric Koger and Susan Gregg Koger, has 300 employees.

News Byte

Jumio Receives Undisclosed Investment From Citi Ventures

Tricia Duryee in Commerce on May 10 at 8:03 am PT

Jumio, which uses a Webcam to verify identity or scan credit cards, raised $25.5 million in March. The second round was led by Andreessen Horowitz. Today, Jumio announced that it topped off that round with an undisclosed sum from Citi Ventures. To date, the company has raised $35.4 million.

News Byte

Frenzoo Raises $1 Million to Fund “Me Girl” Mobile Games

Tricia Duryee in Commerce on May 10 at 5:00 am PT

Frenzoo, which is building a series of mobile games targeting women, has raised $1 million in seed funding. Participating investors include Efficient Corporate, Siemer Ventures, K5 Ventures and Metaverse Services. Based in Hong Kong and San Francisco, the company said it will use the funding to launch a series of fashion- and lifestyle-based games under the brand “Me Girl.”

News Byte

Etsy Secures $40 Million for International Expansion

Tricia Duryee in Commerce on May 9 at 9:43 am PT

Etsy, the online marketplace where people sell their arts and crafts, has raised $40 million in funding. Investors include Index Ventures (which led the round), Accel Partners, Union Square Ventures, Hubert Burda Media and Glynn Partners. In a blog post, Etsy CEO Chad Dickerson said the company will expand internationally. To date, Etsy has raised $91 million in capital.

News Byte

Flint Mobile Raises $3 Million in Capital for Mobile Payments App

Tricia Duryee in Mobile on May 9 at 4:30 am PT

Flint Mobile said it has raised $3 million in a first round of capital, and that it is launching its new mobile payments app, which enables merchants to process payments with a mobile phone. But rather than requiring a merchant to buy a card reader, the app allows the merchant to snap a picture of a credit card. The round, which will be used on product development and hiring, was led by Storm Ventures and True Ventures.