Funding and Acquisitions Roundup: Seniors-focused tablet app Tapestry bolsters its bank account with a $400,000 grant from the Australian government

By Editor May 6, 2013

Today’s early-stage startup funding and acquisitions news:


Ultimo, Australia-based Tapestry, which makes app geared toward seniors and helping them use the Internet, has secured a $400,000 grant from Commercialisation Australia—an initiative of the Australian government. The startup, which was founded in early-2011, previously raised $600,000 in Seed funding last year. More on the funding, from TechCrunch. Also see StartUp Beat’s Q&A with Tapestry founder and CEO Andrew Dowling from back in January.


Digital video cooking magazine Panna has landed $1.35 million in its first round of funding. Led by Anthem Ventures, participants in the round also include Lerer Ventures, Crosslink Ventures, Maveron, Shari Redstone’s Advancit Capital, RSL Venture Partners, Launchpad LA, David Tisch’s BoxGroup, Rick J. Caruso, Ken Siskind, Jay Livingston, Dan Rose, Aaron Schiff and David Levy. The New York City-based startup describes the magazine as ‘highly curated’ and features celebrity chefs, and previously raised more than $34,000 in a Kickstarter campaign last year. Here’s more about the funding from the company’s press release.


Datahug, an enterprise-focused networking startup, has announced an expansion of its Series A round with the addition of Salesforce as an investor. The new capital now brings the total raised in the round to $4 million. Datahug was founded in 2010 and is based in Dublin, Ireland. More on the new investment, from TechCrunch.


Enstratius, a Cloud management software startup, has been acquired by PC giant Dell.  Enstratius is based in Minneapolis, Minnesota, was founded in 2008, and launched in 2009. Terms of the deal have not yet been disclosed. Here’s more on the buy, from ZDNet.

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Compiled by StartUp Beat editor Brian Kovalesky.