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San Francisco startup URX bags $12 mln

URX has closed $12 million in Series A funding. Accel Partners led the round with participation from First Round Capital, Google Ventures and SV Angel. In addition to the funding, Rich Wong of Accel Partners will join URX’s board of directors. Based in San Francisco, URX is a mobile deeplinking provider.

VC-backed GitHub president resigns following investigation into harassment claims

According to a blog post authored by GitHub CEO and Co-Founder Chris Wanstrath, the firm’s president (and one of its co-founders) Tom Preston-Werner has resigned following a probe into sexual harassment allegations levelled against him and his wife. Although Preston-Werner was cleared, writes Wanstrath, the investigation did uncover evidence of “mistakes and errors of judgment.” Based in San Francisco, GitHub is a social network for programmers. It is backed by Andreessen Horowitz and SV Angel. To read more of Wanstrath’s announcement regarding Preston-Werner’s resignation and the details surrounding the investigation of claims made against him, visit here.

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Spark Capital leads Series A round for Storefront

Storefront said Monday that it has closed $7.3 million in Series A funding. Spark Capital led the round with participation from investors that included Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, SV Angel and Vikram Pandit. In addition to the funding, Mo Koyfman has been added to Storefront’s board. Storefront is an online marketplace that helps designers and artists find retail space to sell their products.

Sookasa closes Series A

Sookasa has announced Series A round of funding, led by Accel Partners. Existing investors include First Round Capital, Andreessen Horowitz, SV Angel and other VCs and angel investors. Sookasa is an innovator in compliance for popular cloud applications and mobile devices.

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Javelin Venture Partners leads Series A round for SmartAsset

SmartAsset said Tuesday that it has raised $5.2 million in Series A financing. Javelin Venture Partners led the round with participation from investors that included Denis Grosz, SV Angel and Brendan Wallace, founder of Identified. Based in New York, SmartAsset is a tech platform that provides answers to financial questions.

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Heyday app launches, reveals $2 mln in seed funding

Heyday, which makes a photo journal app for the iOS platform, officially launched today. The San Francisco-based company, which was founded last year, told peHUB that it raised $2 million in seed funding, all of which was raised in July 2012. Investors include Google Ventures, Spark Capital, TriplePoint Capital, CrunchFund, SV Angel and individual investors Shervin Pishevar, Keith Rabois, Garry Tan, Matt Ocko, Robin Chan, Kevin Chou, David Spector, Amitt Mahajan, Joel Poloney, Ben Narasin, Eric Ries, Saad Khan, Charles Moldow and Roy Sehgal.

usermind raises oversubscribed Series A

Enterprise startup usermind has raised $7.6 million in an oversubscribed Series A round of financing led by Andreessen Horowitz, with participation from Charles River Ventures and SV Angel. Co-founded in May 2013 by enterprise technology veterans Michel Feaster (CEO) and Przemek Pardyak (CTO), usermind will use the funding to advance product development and expand the company’s Seattle-based headquarters.

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Venture Investing Climbs in the Second Quarter

Venture capitalists distributed $8.1 billion to startups in the second quarter, an increase over the previous three quarters, but down from a year ago, according to PitchBook. The deal count also declined from the second quarter of last year.

Inadco Raises $11M From USVP, Redpoint

Inadco, Inc. said it raised $11 million in a Series B round led by U.S. Venture Partners and joined by existing investor Redpoint Ventures. The company had previously raised a $5 million Series A round from Redpoint, SV Angel, Mike Walrath, former CEO of Right Media, and Matt Coffin, founder of LowerMyBills.com.

MessageMe Raises $10M From Greylock, Others

MessageMe said it raised $10 million in a deal led by Greylock Partners. The round was joined by previous investors, the company said in a blog post. The company received a seed investment in March from True Ventures, First Round Capital, Google Ventures, SV Angel, Resolut.vc, Andreessen Horowitz, Greylock and The Social+Capital Partnership. The company had previously received angel money.

CircleCI Secures Seed Funds

CircleCI has secured $1.5 million in seed funding from investors in the cloud and agile development space. Backers include Heroku founder James Lindenbaum, SV Angel, 500 Startups, Hiten Shah from Kissmetrics, Jason Seats, founder of Slicehost, and Eric Ries.

MetroMile Launches with Pay-Per-Mile Car Insurance

Tech company MetroMile has launched and unveiled a first-of-its-kind car insurance product that charges drivers a per-mile rate for the miles they drive each month. The company has raised over $4 million in funding from NEA, Index Ventures, First Round Capital and SV Angel.

Poshmark Raises $12M From Menlo, Mayfield, Inventus & SoftTech

Poshmark said it raised $12 million in a Series B financing led by Menlo Ventures and joined by existing investors Mayfield Fund, Inventus Capital, SoftTechVC, and SV Angel. The new round brings the company’s funding to $15.5 million. Poshmark will use the capital to support its online community, expand to new platforms and make new hires.

Spindle Labs Inks $2.3M

Spindle Labs Inc., a developer of search technology, has raised $2.3 million in venture funding, and recently released the company’s app in iTunes. The company is backed by Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Ventures, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan. Spindle Labs is based in Boston.

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