Toronto-based iPad POS startup TouchBistro has raised an additional $1.5 million in funding, adding to its existing seed funding and bringing the total to $6 million raised to date. TouchBistro’s new funding comes from Walden Venture Capital and Kensington Capital Partners, and should help the startup expand its offerings, with a planned office opening in San Francisco in 2014.
Venture capital database CB Insights is releasing a new report today on the state of the VC industry and investments in 2012. For the year, $28.3 billion was invested by venture capital firms in 3,267 deals in 2012. However, it’s interesting to note that while seed VC funding hit highs during the year, overall investment fell from 2011’s $30+ billion level.