StrictlyVC: June 11, 2015
Summary
It’s focused on the roughly 25 percent of people in the U.S. who don’t have bank accounts but buy things — like the rest of us — that would be hard to pay for in cash, like rent, healthcare, and online goods.It’s a huge market, one that’s remarkably underserved excepting older players like MoneyGram and Western Union. Locent, a year-old, Santa Monica, Ca.-based company that’s aiming to help merchants sell products and services using two-way text messaging, has raised an undisclosed amount of funding from Chaac Ventures, a seed-stage firm focused on Princeton University’s alumni tech founders. ZypMedia, a two-year-old, San Francisco, Ca.-based programmatic media-buying platform for local advertising, has raised $4.4 million in Series B funding led by publicly traded Sinclair Broadcast Group, with participation from earlier investor U.S. Venture Partners. Whitepages, the online people and phone number directory, has acquired San Francisco-based NumberCop to bolster its abilities to detect spam and scam calls within its Caller ID smartphone application. For the year ended in April, Google CEO and cofounder Larry Page received a 97 percent approval rating from employees who submitted reviews to the career site Glassdoor.
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