Narrative scoops up $8 mln

Narrative has secured $8 million in funding, the company confirmed in a blog post on its site. Khosla Ventures led the round with participation from return backers True Ventures and Passion Capital. In addition to the funding, Keith Rabois, a partner at Khosla Ventures, has been added to Narrative’s board. Headquartered in San Francisco with offices in Sweden, Narrative is a wearable camera. To read more details about the funding, visit here.


Stitch Labs sews up $3.5 mln

Stitch Labs said Wednesday that it has received $3.5 million in funding from return backers True Ventures and Costanoa Ventures. Based in San Francisco, Stitch Labs is an inventory and multichannel selling platform for retailers and wholesalers.


Health Gorilla nets $1.2 mln

Health Gorilla said Wednesday that it has raised $1.2 million in funding. True Ventures led the round. Based in Sunnyvale, Calif., Health Gorilla is an online healthcare marketplace that connects doctors and clinicians with diagnostic labs and radiology centers.


Susquehanna Growth Equity leads $7 mln Series B funding in B-Stock Solutions

Susquehanna Growth Equity has led a $7 million Series B growth funding round in B-Stock Solutions, which provides inventory liquidation sales management services to merchants and manufacturers. Existing investor, True Ventures, participated in the funding round. Amir Goldman of Susquehanna Growth Equity will join the company’s board of directors.


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.

Neon Labs nabs $4.1 mln Series A

Neon Labs has raised $4.1 million in Series A funding. Mohr Davidow Ventures led the round with participation from return backers True Ventures and Steve Blank. Based in San Francisco, Neon Labs is an image selection platform for monetizing digital content.


Streetline nabs $10 mln

Streetline, a smart parking company headquartered in Foster City, Calif., said Tuesday that it has raised $10 million in funding. The firm’s backers include Citi, Fontinalis Partners, RockPort Capital Partners, Sutter Hill Ventures, True Ventures and Qualcomm Ventures. In conjunction with the funding, Streetline has appointed Abe Yokell to its board of directors.


Soundhawk scores $5.5 mln

Soundhawk said Tuesday that it has raised $5.5 million in funding. The investors included Foxconn and True Ventures. Based in Cupertino, Calif., Soundhawk is focused on developing wearable hearing aid equipment.


Helpshift calls on $10 mln Series A led by Intel

Helpshift, which provides customer help services for Circa, Flipboard, TinyCo and other mobile apps, has raised $10 million in Series A funding. Intel Capital led the round, which also included Visionnaire Ventures and existing investors True Ventures and Nexus Venture Partners. The San Francisco-based company has now raised $13.2 million in total funding. As part of the funding, Susan Choe, managing partner at Visionnaire, has joined the board.

Indiana state flag

Landmark, Insight shine in INPRS venture portfolio: VCJ

Funds from Landmark Equity Partners and Insight Venture Partners continue to shine brightest in the Indiana Public Retirement System’s early decade venture portfolio, according to an analysis by affiliate magazine Venture Capital Journal.


Puppet Labs raises $40 mln from venture backers

Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware have invested $40 million in Puppet Labs, which provides IT automation software. The funding brings total venture capital raised to $86 million since June 2009. Puppet Labs also added Mukesh Sharma as vice president of sales, EMEA.

Valencell grabs more than $7 mln Series C

Valencell said Monday that it has raised more than $7 million in Series C financing. The investors included WSJ Joshua Fund, TDF Ventures, True Ventures and Best Buy Capital. Based in Raleigh, NC, Valencell is a provider of performance biometric data sensor technology.


Online identity platform pulls in $11 mln Series B

Online identity platform said Tuesday that it has closed $11 million in Series B funding. Foundry Group led the round with participation from True Ventures, SoftTech VC, CrunchFund and Bullpen Capital. According to the firm, the capital infusion will be used for expansion and product building. In addition to the funding, Brad Feld, managing director at Foundry Group, has been added to’s board of directors.


Recent funds in UTIMCO’s portfolio make gains: VCJ

The University of Texas Investment Management Company’s venture portfolio includes bets on recent funds from Union Square Ventures, IA Ventures, Foundry Group, True Ventures, Cendana Capital and now Techstars and Pinto Technology Ventures. A good number have started well and, through early this year, continued to make gains.

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