Actor Dempsey invests in VC-backed CrowdMed

San Francisco-based healthcare startup CrowdMed said Tuesday that it has received an undisclosed investment from actor Patrick Dempsey. CrowdMed is backed by NEA, Andreessen Horowitz, Greylock Partners, SV Angel, Khosla Ventures and Y Combinator.


New health insurance firm Oscar racks up $80 mln

According to a post on its site, Oscar, a new health insurance firm, has closed $80 million in Series A funding. Formation8 led the round with participation from Breyer Capital, Stan Druckenmiller, Founders Fund, Thrive Capital, Khosla Ventures and General Catalyst Partners. To read details about the funding, visit here.


Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.


Cleantech climbing out of venture’s doghouse: VCJ

Nest Labs sold to Google for $3.2 billion this February, but Opower’s high-flying IPO has come back down to earth. Cleantech is not yet out of venture’s doghouse, but there are signs of renewal, as the year-to-date investment pace reflects this middle ground.

Guardant Health snags over $30 mln

Guardant Health said Tuesday that it has closed over $30 million in Series B financing. Khosla Ventures led the round with participation from Sequoia Capital and Pejman Mar Ventures. Based in Redwood City, Calif., Guardant Health is a provider of cancer testing.


Khosla Ventures and ex-Citigroup CEO Pandit back Fundbox

San Francisco-based risk engine creator Fundbox has raised $17.5 million in funding. Khosla Ventures led the round with participation from investors that included SV Angels, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.

Story-sharing platform Wattpad nets $46 mln

According to a blog post on its site, Wattpad has raised $46 million in funding. OMER Ventures led the round with participation from investors that included August Capital, Raine Ventures, Northleaf Venture Catalyst Fund, Union Square Ventures, Khosla Ventures and Jerry Yang of AME Cloud Ventures. Based in Toronto, Wattpad is a story-sharing platform. To read more details about the funding, visit here.

VC-backed Okta taps Salesforce.com former SVP for new position

Okta said Monday that it has hired Krista Anderson as its first chief customer officer. Anderson is a former senior vice president at Salesforce.com. Based in San Francisco, Okta is an identity management service. It is backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital.

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Venture’s social media superstars: VCJ

Which venture capitalists have the most followers on Twitter, the highest Klout scores, more tweets than anyone else? Refinements in both the sites and how we use social media are increasingly turning it into a targeted marketing tool for communicating with entrepreneurs, building relationships, creating personal brands and improving portfolio company visibility.

DAG Ventures leads Series B round for ClearStory Data

ClearStory Data said Monday that it has received $21 million in Series B funding. DAG Ventures led he round with participation from Andreessen Horowitz, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers. Also, the firm has named Shona Brown, a former senior vice president at Google, to its board of directors. Based in Palo Alto, Calif., ClearStory Data is a provider of data intelligence solutions.

Mitsui leads investment in LanzaTech’s $60mln Series D

LanzaTech has secured Series D funding led by Mitsui & Co and also new investors Siemens via its venture capital unit and CICC Growth Capital Fund I. Existing investors include Khosla Ventures, Qiming Venture Partners, K1W1 and the Malaysian Life Sciences Capital Fund. LanzaTech is a gas fermentation technology business founded in New Zealand and headquartered in the US.

Blue River Technology announces funding led by Data Collective Venture Capital

Blue River Technology has raised $10 million in Series A-1 funding led by Data Collective Venture Capital. Eric Schmidt’s Innovation Endeavors joined the round as a new investor and existing investor Khosla Ventures also participated. Founded in 2011 and based in Mountain View, California, Blue River Technology’s mission is to create and deliver advanced technology for better agriculture.


Bill Gates-backed EcoMotors buys Katech

Motor technology developer EcoMotors has acquired Katech. No financial terms were disclosed. Based in Michigan, Katech is a maker of advanced engines and powertrains. Also, EM has named Tony Mannarino as CEO of Katech. EM is backed by Khosla Ventures, Bill Gates and Braemar Energy Ventures.

BioConsortia names new CEO

BioConsortia, an agricultural biotech company based in Davis, Calif., has hired Marcus Meadows-Smith as CEO. Prior to working at BioConsortia, Meadows-Smith worked at AgraQuest where he served as CEO. BioConsortia is the newly formed parent company of BioDiscovery New Zealand, which was seeded by Khosla Ventures.

Accel Partners leads Series B in MemSQL

MemSQL has secured $35 million in Series B funding. The investment was led by Accel Partners and included participation from Khosla Ventures and existing investors First Round Capital and Data Collective, as well as from several private financiers, and brings the total raised by MemSQL to $45 million.


Pact raises funds led by Khosla

Pact (formerly known as GymPact) has secured a $1.55 million round of funding led by Khosla Ventures and Max Levchin of PayPal. Pact was founded by Harvard students who realized that having your own money on the line helps limit excuses and get people achieving their goals. Individuals make a Pact of how many times a week they plan to achieve their healthy goals.

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