Funding Friday – uMake lands $4.5M Series A Led By BlueRun Ventures

Funding Friday

Hello and welcome to a brand-new weekly series on – Funding Friday! As the co-founder of a venture-funded startup following startup funding news on a daily basis has become a part of my normal routine. Thanks to resources like Crunchbase, Mattermark and AngelList it has become easier than ever before to dive in and study funding events on a daily basis.

The problem is, there’s so much data out there it’s hard to stay focused and keep up with it all. Rather than trying to pack in as much information as possible, I’m going to keep it simple and feature one company that was funded in the past week and do a deep dive into who funded them, why they funded them, and where that funding is likely to get them.

My goal is to go beyond reporting news by providing analysis and insights that you won’t find anywhere else. Sounds like a bold goal? It is, but since all of this is already in my head I thought it was about time I share it with all of you. Ready to rock? Let’s get started!


This startup has a great a great story behind it which is why I thought it would be a fun one to feature this week. uMake is an Israeli startup that was selected by UpWest Labs to go through their accelerator program. Started in 2012, UpWest Labs focuses on bringing Israeli startups to the US connecting them with investors and partners in Silicon Valley.

UpWest keeps their class sizes small (typically under 10 startups per class) and puts their time into finding the most promising startups in Israel’s active startup scene. uMake graduated in 2012 and did a $700k Seed round to get them off the ground.

So what does uMake do? They built an app that makes it easy for designers to put concepts together in 3D on a tablet or mobile device. With taken they opted for, a new domain name extension that just became available last year. This week uMake announced a $5.2M Series A round led by BlueRun Ventures.

uMake’s founders started lean with a focus on customer development, talking to product designers and game developers a very valuable question – “What’s the one thing they need that would make their lives easier?” Armed with data around a real need, Evi and Erik built uMake.

So now let’s get into the details that I think are going to make Funding Friday interesting. Why BlueRun Ventures, and why $4.5M? Let’s start with BlueRun.

Bluerun Ventures

BlueRun Ventures is based in Menlo Park, was started in 1998, and has $750M under management to-date. They are an early-stage venture fund which means a lot of their focus is on the early growth rounds for startups (i.e. A and B rounds) and they invest in mobile, FinTech, Commerce, and Big Data.

On their Crunchbase page BlueRun says they are focused on early stage mobile opportunities which is why uMake is a logical investment for them. They have three funds, one focused on the US, one on Korea, and another on China so it’s clear BlueRun is also very comfortable investing in startups outside of the US.

Looking at the A-Rounds that BlueRun has been involved in this also seems to be right in their sweet spots with their typical A-rounds landing between $4M – $6M on average.

Since Series A rounds are typically used for growing an already proven product it makes sense that uMake would look to a firm like BlueRun that has a solid track record helping mobile app companies scale. One example, Banjo (, a mobile discovery app was funded by BlueRun in their A, B, and C rounds – a scenario that a company like uMake would likely want to follow.

This is a great example of a startup that found an investor that can go far beyond simply providing funding since BlueRun can share critical expertise helping other mobile app startups grow and scale. 80% of startups that take on Series A financing also take on Series B so having an investor that is comfortable in these stages and beyond can also make a major impact as to how effective the startup can be at using the money in the current round to get them the metrics they need to raise the next.

So what are they using the funding for? CEO Evi Meyer shared their plans with VentureBeat:

“We’re using the funding, first of all, to hire great talent. When people look at uMake, they tend to see a mobile app. But we see it as something more. We see it as a tool that can last for many, many years. And to make that happen, we need the best people out there,” (Source – VentureBeat)

While it’s easy to think of growth rounds as a time when companies increase spend on sales and marketing efforts it can be easy to miss the value it can bring to building a team that can support the scale. An investor like BlueRun should be an incredibly valuable resource in this hiring process as they are likely closely plugged-into the talent market in-and-around the mobile space.

This is a great example of a startup that worked hard to understand their customer, validate the problem they have, build a real solution, and then find an investor with a proven track record helping mobile startups scale.

Hats off to Evi and Erik, I can’t wait to follow the uMake journey!

{ 2 comments… add one }

  • Nuno Oliveira December 5, 2015, 2:28 pm

    It seems they bought, don’t know when because the only public sale is 2,288 USD 2007-06-05

    Best Regards: Nuno

  • Joe December 5, 2015, 7:06 pm

    Well very interesting your post.

    Since in Spain’s venture capital for startup is not looking because having a small mentality with which entrepreneur with product research online software development.

    Venture BlueRun contact you because having even my middle phase advanced artificial intelligence project to see if we can do here Spain part of the research and the other in Texas with a startup who is interested to participate in this fashion research not metric but if something similar to what you do but leave Daina tion impossible to do in the years 1996 and 1998 to find that the scans of the human body was a solution but nola adequate for all to be in one place.

    That was when I forward to the time that is a century that has just passed 14 years since the 21st century started in 2001. (

    This is like the space scientists say they have discovered how dse year produced the Big Bang and I with my theories write in my journal and write essays must first discover the speed of light and propellants in spacecraft for go to Mars we will not be three years and only four days to go back.

    It should be normal if we want to escape from the Red Planet to Earth as Mars that is already contaminated product without living human being this is a lack of Respert the climate of an unexplored planet.

     While ours is shattered done because the temperatures every year rise and the environment and forecasts of more experts are not too good because it is anticipated that the melting of the Island Greodlandia be faster than all the North Pole .

    With a very serious threat to the northern part of Canada and the US accordingly.

    Qure I hope for the sake of humanity the Presidents of all countries in the world to do something once and for all.

    I also pray deeply for the innocent murdered by an unexpected terror in our lives that is the order of the news at Paris, and now in San Bernardino (California) fight together to eradicate this scourge that to my way of thinking and believing it You can solve if countries do not face each other on other issues and that the families of those who die do not mind the political confrontation countries, the only thing they care about in this time of grief, is to join together to fight for an evil that they have created and now ordinary citizens are weak and powerless and be they never know when or where.

    For all the innocents killed by terror (RIP)


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