Reaction raises $9.8m for emergency shelters
Reaction, which develops temporary shelters for emergency use, has raised a $9.8 million Series A funding round, led by Riverwood Capital. The company will use the funds to establish full-scale production operations in Austin, Texas, and will also scale its team. "We spent 2014 building our incredible team, developing critical customers and partners, and iterating on the EXO to create the world's safest, smartest, temporary housing solution. In 2015 we are focused on building EXOs in large volumes, at high quality, in the United States," the company's blog stated.
First Insight, a consumer engagement company, has raised $14 million in funding from Updata Partners. The company will use the cash to expand into new markets and territories, and to build out its platform. "We have a clear and simple mission to help leading companies around the world maximize new product success and reduce product failures through the benefit of customer insight. This new capital gives us the fuel and flexibility to capitalize on this enormous opportunity and continue to innovate in our market," said Greg Petro, CEO of First Insight. "We have been fortunate to work with some of the top retailers and brands to drive measurable gains in sales and margin through better new product decision-making. We are excited to be partnering with Updata to accelerate our success."
Pressly, a Toronto-based content marketing company, has secured $2.1 million in funding led by Gibraltar Ventures, with participation from iNovia and OMERS. The company will use the funds to expand its offering and tackle the enterprise market. Pressly's cloud-hosted platform allows media companies to create HTML 5 web apps accessible from mobile devices.
LED lighting solutions provider TERRALUX has raised $11 million in an investment round led by EnerTech Capital. Generation Investment Management, Crawley Ventures, Emerald Technology Ventures, GC&H Investments, and Founder & CTO Dr. Anthony Catalano also participated in the round. "TERRALUX has built elegant solutions that allow building owners to begin retrofitting the enormous base of existing buildings with energy efficient LED technology," said Bill Kingsley, Managing Director with EnerTech Capital.
Filed Under: Finance, Investment Round Up, Startups
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