Northwater Capital leads $11.2 mln funding in MTPV Power

Northwater Capital Management’s Intellectual Property Fund has led an $11.2 million Series B1 funding in MTPV Power Corporation, a clean energy company that converts heat to electricity using semiconductor chips. Other investors in the funding included Total Energy Ventures, the venture capital arm of oil and gas company Total; SABIC, the Saudi Basic Industries Corporation, which makes chemicals, plastics and metals; and Point Financial, a venture debt provider based in Arizona. Funding also included new independent investors and follow-on commitments from Spinnaker Capital, Ensys Capital, the Clean Energy Venture Group and several other existing shareholders.

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peHUB Second Opinion

In Second Opinion, Nordstrom is in talks to buy Trunk Club, LeBron James return to the Cleveland Cavaliers will have a $500 million a year impact on the local economy, plus Tim Armstrong would love to merge AOL – Yahoo but Marissa Mayer isn’t backing it. Also, should pizza places shouldn’t serve brunch? No!

Cleveland Cavaliers' LeBron James reacts to a call against the Phoenix Suns in the first quarter of an NBA basketball game in Phoenix

peHUB Second Opinion

In Second Opinion, LeBron James returns to the Cleveland Cavalliers, Crumbs Bake Shop is working on a plan to save itself plus the dos and don’ts when meeting a VC.


Atlas Venture leads $2.25 mln seed round in Button

Atlas Venture has led a $2.25 million seed round in Button, a New York City-based startup focused on creating more efficient methods of finding and retaining customers for on-demand companies like Uber and Instacart. Other investors in the seed round included DCM, Greycroft Partners, Mesa+ and VaynerRSE along with angel investors Tim Kendall, head of product at Pinterest, Ray Rothrock, former partner at Venrock, Scott Kurnit, founder of about.com and Gary Fritz, former president of Expedia Partner Services Group.


SPK Capital leads $6 mln Series D funding round in KeVita

KeVita, Inc., which makes KeVita Sparkling Probiotic Drinks, closes a $6 million Series D funding round led by SPK Capital. Other investors in the funding round included KarpReilly and the Ecosystem Integrity Fund. Silverwood Partners worked as the exclusive financial advisor to KeVita.


peHUB First Read

To end your week, First Read has news that a federal judge has ordered the IRS to explain under oath how it lost emails, Marc Andreessen’s summer reading list and sex workers are the secret entrepreneurs in Silicon Valley.


SAP Ventures invests $20 mln in Scytl

SAP Ventures has invested $20 million in Scytl, which provides software for secure online voting and election modernization. With the investment, Scytl has raised $60 million this year and has the backing Vulcan CapitalBalderton Capital, Nauta Capital and Spinnaker Invest.


Ziegler, Link•Age Ventures form $26.6 mln fund to target the aging market

Healthcare investment bank Ziegler, and Link•Age Ventures, Inc., have raised $26.6 million for the Ziegler Link•Age Longevity Fund, L.P. The fund will focus on the aging market and companies that provide products, services and technologies to meet the needs of seniors and senior living providers. Fund I will target equity and equity-like investments in healthcare services, healthcare technology and other related products. The fund’s limited partners include about 70 non-for-profit senior living providers and other healthcare-focused organizations.


TPG Growth, Coatue Management invest $150 mln in Box

TPG Growth and Coatue Management have invested $150 million in data storage company Box. As part of the investment, TPG Growth will appoint a director to the Box board of directors. Terms of the deal were not disclosed. Morgan Stanley worked as financial advisor to Box.


Progress Ventures leads $3.5 mln Series A funding in LISNR

LISNR, a mobile audience engagement technology platform, has completed a $3.5 million Series A funding round led by Progress Ventures. Other investors in the funding round include Progress Partners, Mercury, Jump Capital, CincyTech and Serra Ventures. LISNR previously raised $850,000 in a seed round from CincyTech and angel investors like Tim Schigel, co-chairman of ShareThis.

Invoke Capital leads $13.75 mln Series B funding in Sophia Genetics

Sophia Genetics, a data-driven medicine business, has raised $13.75 million in Series B funding led by Invoke Capital, Swisscom and Endeavor Vision. The investment will give Sophia Genetics access to Invoke Capital’s portfolio company Genalys, which applies big data approaches to genomic information.

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