Funding Daily: Today’s tech funding news, in one place
Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Uber seeking $1B credit line, possibly inching closer to an IPO
We may be getting a bit closer to the Uber IPO that is destined to make the world’s head explode.
According to the Wall Street Journal, Uber is in talks with banks to set up a $1 billion line of credit. WSJ cited “sources” who said Uber had been contacting a number of banks to discuss possible terms.
Brit Morin’s Brit + Co raises $23.1M from Oak Investment Partners, others
Brit Media, best known for its site Brit + Co, yesterday revealed that it’s raised at least $23.1 million from Oak Investment Partners and others. This is Brit Media’s first raise in nearly two years.
Upfront Ventures leads $2.5M round for The Mighty
The Mighty, an online publisher for writers and health professionals, announced it raised $2.5 million in a seed round led by Upfront Ventures.
Social network for amateur jocks Mitoo launches in the U.S with $1.5M
If you’re into playing sports, Mitoo’s got you.
The company that is “on the path to become the platform of sports [in] North America and Western Europe” announced $1.5 million in seed funding and entered the U.S. market with an app that connects recreational leagues with amateur and professional athletes.
Facebook’s alumni Dave Morin and Kevin Colleran from Slow Ventures led the funding, with help from White Star Capital’s Christian Hernandez and former Facebook’s former North America VP, Tom Arrix.