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GGV Capital leads $13.5 mln Series A funding in FlightCar

GGV Capital has led a $13.5 million Series A funding in FlightCar, a peer-to-peer car sharing service operating at airports. Other participants in the funding include General Catalyst, SoftBank Capital and First Round Capital. Comcast Ventures and Facebook co-founder Eduardo Saverin also invested. FlightCar has raised a total of $20 million to date, making co-founders Rujul Zaparde, 19, and Kevin Petrovic, 20, among the youngest entrepreneurs to have raised such large amounts of venture capital.

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Fractyl garners $40 mln Series C

Fractyl Laboratories said Thursday that it has secured $40 million in Series C funding. Mithril led the round with participation from General Catalyst, Bessemer Venture Partners and Domain Associates. In conjunction with the funding, Ajay Royan, Mithril’s co-founder and managing general partner, has been added to the company’s board of directors. Based in Waltham, Mass., Fractyl is a developer of a device-based endoscopic procedure to treat Type 2 diabetes.

VC-backed Mustbin promotes CTO to CEO

Mustbin, a Boston-based app for organizing, storing and sharing vital personal information, has promoted Satyender Mahajan to CEO from chief technology officer. The firm’s backers include DAG Ventures, General Catalyst, Mohr Davidow Ventures and Northgate Capital.

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Top 10 posts

Trending on peHUB this week: Why are LPs paid peanuts compared to PE pros? And what’s the deal with Super Evil Megacorp?

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General Catalyst and Google Ventures back ScalingData

According to a blog post on its site, ScalingData has closed $4.4 million in funding. General Catalyst led the round with participation from Google Ventures and Brian Stevens, CTO at Red Hat. In addition to the funding, Donald Fischer of General Catalyst has been added to ScalingData’s board. ScalingData is a developer of data center solutions. To read the announcement, visit here

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General Catalyst backs Super Evil Megacorp

According to a blog post on its site, Super Evil Megacorp has received $11.6 million in funding. General Catalyst led the round. Also, Kristian Segerstrale has been named as the firm’s COO and as executive director. Headquartered in San Mateo, Calif., Super Evil Megacorp is a games developer. To read the announcement, visit here.

Runscope snags $6 mln

According to an announcement on its site, Runscope has closed $6 million in Series A funding. General Catalyst led the round with participation from True Ventures and Lerer Ventures. Dr. Steve Herrold, managing director at General Catalyst, has been added to Runscope’s board of directors. Based in San Francisco, Runscope is a provider of tools that help developers monitor APIs. To read more about the funding, visit here.

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RealCrowd snares $1.6 mln

Real estate platform RealCrowd has closed $1.6 million in funding. Investors included Y Combinator, DCVC, Initialized Ventures, Andreessen Horowitz and General Catalyst.

Ron Conway, Paul Graham Back Gamification Education Startup ClassDojo

San Francisco-based startup ClassDojo has launched out of beta an announced it has raised $1.6 million in seed funding. The company, which says it already has 3.5 million teacher and student members on its site, helps teachers manage student behavior using game mechanics. Investors include Paul Graham of Y Combinator, Ron Conway of SV Angel, […]

Kibits Raises $1M

Venture capital-backed Kibits Corp. has launched its a micro-social networking app for iPhone and iPod touch.  The company has raised $1 million from Google Ventures, Charles River Ventures, General Catalyst, Commonwealth Capital Ventures, SOSventures, Launch Capital, the CommonAngels Fund and undisclosed angels. Kibits is based in Cambridge, Mass. PRESS RELEASE Kibits Corp. today announced the […]

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