Music app Crossfader racks up VC funding

Music app Crossfader has received an undisclosed amount of funding. The investors included Tapinator, Google Ventures, Kleiner Perkins Caufield & Byers, Index Ventures, and True Ventures.


Index Ventures backs car repairs platform Autobutler

Autobutler, an online platform for car repairs, has received 5.8 million euros in funding. Index Ventures led the round. According to the firm, the capital will be used to expand across Europe with an initial focus on Germany and the UK.


Bitcoin wallet startup Xapo picks up $20 mln

Xapo, a bitcoin wallet startup in Palo Alto, Calif., has secured $20 million in Series A-1 funding, the company announced in a blog post on its site. Greylock Partners and Index Ventures led the round with participation from other investors that included Emergence Capital Partners, Max Levchin, co-founder of PayPal, and Jerry Yang, founding partner of AME Cloud Ventures and co-founder of Yahoo!. In addition to the funding, Reid Hoffman and Mike Volpi have been added as Xapo’s board observers. To read further details about the funding, visit here.

Newegg forms partnership with VC-backed BitPay to accept bitcoins

Electronics retailer Newegg has formed a partnership with BitPay to accept bitcoin payments on Newegg.com. In May, BitPay announced it had secured $30 million in Series A funding from Index Ventures, Horizon Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures. BitPay’s total capital raised at the time was $32.7 million.


Index Ventures backs UK-based Deliveroo

Deliveroo, a London-based food delivery platform, has closed 2.75 million pounds in Series A funding. Index Ventures led the round with participation from Hoxton Ventures.


Canon buys VC-backed Milestone Systems

Canon said Friday that it has acquired Milestone Systems. No financial terms were disclosed. Headquartered in Copenhagen, Milestone Systems, which was backed by Index Ventures, is a provider of open video management solutions.


Index Ventures backs SavingGlobal

SavingGlobal said Friday that it has received 7.5 million euros in funding. Index Ventures led the round. Also, the firm has named Katharina Lüth to co-lead the company’s European expansion and Dr. Philipp Hartmann as vice president of product. Based in Berlin, SavingGlobal is an online marketplace for savings accounts in Europe.


MassPRIM’s push into venture slowed last year: VCJ

The Massachusetts Pension Reserves Investment Management’s venture portfolio includes top name funds from Union Square Ventures, Spark Capital and Index Ventures, but after stepping on the gas early this decade, the board’s pace of commitments shifted to a lower gear last year, affiliate magazine Venture Capital Journal reports.


Move Loot snags $2.8 mln seed funds

Move Loot said Monday that it has secured $2.8 million in seed funding. First Round Capital and Index Ventures led the round with participation from Google Ventures, SV Angel and Y Combinator. Based in San Francisco, Moot Loot helps users buy and sell used furniture online.

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