DFJ Frontier, Pasadena Angels lead $1.4 mln funding in Edufii

DFJ Frontier and Pasadena Angels have led a $1.4 million Series A funding in Edufii Inc., the social/mobile platform for skill development. Other participants in the funding round include the Gideon Hixon Fund, Tech Coast Angels, SLO Seed Ventures and coaching industry private investors including Tiger Woods’ first coach Rudy Duran. As part of the deal, Frank Foster, managing director of DFJ Frontier, has joined Edufii’s board.


Cultivian Sandbox Ventures leads $10 mln funding in Conservis Corporation

Cultivian Sandbox Ventures has led a $10 million Series A funding round in Conservis Corporation, which provides cloud-based farm management software services. Other participants in the funding include existing investors Middleland Capital and Heartland Farms. As part of the funding, Cultivian Sandbox’s Robert Shapiro will join Conservis’ board of directors.


Flex Pharma raises $40 mln from big investor group

Flex Pharma, a biopharmaceutical company focused on treatments for neuromuscular disorders, has raised $40 million from an investor group. Investors include Longwood Fund, Bessemer Venture Partners, EcoR1 Capital, Jennison Associates, Lightstone Ventures, Alexandria Equities, CD-Venture, Bindley Capital Partners, City Hill Ventures and several individuals including Steve Pagliuca, managing director at Bain Capital.


Be-Bound raises $4.5 mln in Series A funding

Be-Bound, which seeks to connect smartphones to the mobile internet anywhere in the world, has raised $4.5 million in a Series A funding round. Be-Bound investors include Gonzague de Blignières, former chairman of the Supervisory Equistone France and Barclays Private Equity France and the Global Corporate Investment Holding.


AITV leads $5.35 mln Series A funding in LiveAction

AITV has led a $5.35 million Series A funding round in software company LiveAction, Inc. Other participants in the funding round include Cisco Investments and Enerdigm Ventures. Brian Nugent, general partner with AITV, will join LiveAction’s board.


Omidyar Network leads Series B funding in Cignifi

Cignifi, which has developed a platform to provide credit and marketing scores for people using mobile phone behavior data, has closed a Series B funding round. The funding, the amount of which was not disclosed, was led by existing investor Omidyar Network. Other participants in the funding included American Express Ventures and other existing investors.


peHUB First Read

To end your week, First Read reveals how a brothel owner sealed the deal to bring Tesla’s battery factory to Nevada, private equity clawbacks don’t work as advertised and controversy around Vector Capital investment.


Investor group provides $1.2 mln seed funding in Sgrouples

A group of seed investors has led a $1.2 million seed round in social networking service Sgrouples. The company has raised a total of $1.8 million in seed funding after collecting $600,000 in June, 2013. Investors in the funding round include Josh Friedman of Easton Capital, Jack Canfield, Marci Shimoff, Tom Myers, Mykola Latansky, Dan Phillips and Jack Sweeney, an operating partner with Bain Capital Ventures.


Oak HC/FT closes debut fund on $500 mln

Oak HC/FT, formed by three partners from Oak Investment Partners, has closed its debut venture growth fund on $500 million. The fund will target investments in healthcare information and services and financial services technology.

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