San Francisco-based Slack, provider of collaboration tools and services, announced it has raised $427 million in Series H funding at a post-money valuation of more than $7.1 billion. Lead investors in the Series H equity round are Dragoneer Investment Group and General Atlantic. They were joined by funds and accounts advised by T. Rowe Price Associates and funds advised by Wellington Management, and Baillie Gifford and Sands Capital, as well as existing investors. The company has now raised nearly $1.27 billion since it was founded in 2009.
San Francisco-based Semmle, provider of a software engineering analytics platform, announced it has raised $21 million in a Series B round of funding. Accel Partners led the round, which included participation from Work-Bench. The company, founded in 2006, has now raised $31 million in total funding since it was founded in 2006. As part of its investment, Accel’s Ping Li and Vas Natarajan will join the board.
Last fall, Defy Partners quietly raised $151 million for its maiden fund. Although the firm has largely operated under the radar since it wrapped up its fundraising, its Series A dealmaking is drawing attention. Co-Founders and Managing Directors Neil Sequeira and Trae Vassallo told VCJ that they went off to the races after the final […]
Susan Choe works out of her firm’s headquarters in the hip San Francisco area known as South of Market. But she jokingly points out she’s not a hoodie-wearing tech investor. Choe is a longtime operator and investor, having worked in tech for 20 years, including two years at Yahoo as a director. She founded Outspark, a venture-backed […]
San Francisco-based DoorDash, which operates an on-demand restaurant delivery service, announced that it raised $250 million in a growth round co-led by Coatue Management and DST Global. The company, founded in 2013, has now raised about $1 billion in funding.
Munich, Germany-based Freeletics, which provides a personal workout plan and a fitness app, announced it has raised capital with FitLab. Other investors include Causeway Media Partners, JAZZ Venture Partners, Courtside Ventures, Elysian Park Ventures and ward.ventures. The amount of the funding was undisclosed. Mark Wan from Causeway and John Spinale from JAZZ will join the board. The company was founded in 2013.
Los Angeles-based myLAB Box, provider of an at-home STD testing service, announced it has raised $1.56 million in seed funding. K5 Ventures and Texas HALO Fund led the round, with participation from Morgan Stanley, Pasadena Angels, Pipeline Angels and Sand Hill Angels. The company, founded in 2013, has now raised $2.1 million in funding.
San Francisco-based Common Networks, a provider of affordable enterprise-grade internet service, announced it has raised $25 million in Series B funding. General Catalyst led the round, which included existing investors Eclipse Ventures and Lux Capital. As part of the latest round, General Catalyst Managing Director Hemant Taneja has joined the board. The company, founded in 2016, has now raised more than $34 million in funding.
Most founders of Pittsburgh-area startups expect their businesses to grow in the next two years, and they’re especially bullish about technologies related to autonomous vehicles and humanoid robots. That’s according to a survey by Innovation Works, a Pittsburgh provider of seed capital to the region. The firm, which just celebrated its 20th anniversary, earlier this […]
Palo Alto, California-based Owl Cameras, developer of an automobile security camera, announced it raised $10 million in a Series A1 round led by Canvas Ventures. Also participating in the round were Series A investors Defy, Khosla Ventures, Menlo Ventures, Sherpa Capital and CSAA Insurance Group. The company, founded in 2016, has now raised $28 million in total funding. As part of the latest infusion, Canvas General Partner Rebecca Lynn has joined the board.
San Francisco-based Ubiquity6, which provides an AR platform, announced it raised $27 million in Series B funding, led by Benchmark and Index Ventures. As part of the funding round, Benchmark General Partner Mitch Lasky will join the board. The company, founded in 2017 by Anjney Midha and Ankit Kumar, has now raised more than $37 million from Benchmark, Index, First Round Capital, Kleiner Perkins Caufield Byers, Gradient Ventures and others.
Carlsbad, California-based Airspace Technologies, a provider of delivery system logistics platform, announced it has raised an $8 million Series A round of funding. Defy led the round, which included participation from Qualcomm Ventures, Cross Culture Ventures and Schematic Ventures. The company was founded in 2015, including by Co-Founder and CEO Nick Bulcao, a veteran of the logistics industry.
Cambridge, Massachusetts-based Kebotix, a materials discovery company that’s still in stealth, announced it has raised more than $5 million in seed-stage funding. One Way Ventures, the Boston firm founded by two former directors of Techstars, led the round. The company was founded last year by a group of Harvard University scientists, including Professor Alán Aspuru-Guzik, who has since left Harvard for the University of Toronto. Kebotix is led by CEO Jill Becker, who is listed as a venture partner at NextGen Venture Partners.
New York-based letgo, which operates a peer-to-peer marketplace to buy and sell goods locally, announced that Naspers has committed to invest $500 million into the company, $150 million of which was transferred earlier this summer. The company, founded in 2015, previously raised more than $475 million from Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W, Eight Roads Ventures and other investors.
Consumer-focused investor Maveron has promoted Anarghya Vardhana to partner. Vardhana was most recently a principal, having joined the firm in 2015, according to her bio on the firm’s website. She has worked for several startups in product management and operations roles, including at the healthcare company Medable. She also was previously at Rothenberg Ventures. For Maveron, she is a board observer at Booster Fuels, Inkbox, Pluto, The Guild and two unannounced companies.
Benhamou Global Ventures, the internationally focused early-stage fund founded by the onetime chairman and chief executive at 3Com and Palm, announced the first close of its BGV Opportunity Fund with more than $40 million in committed capital. The firm’s first opportunity fund will invest in portfolio companies from its second and third flagship funds. BGV raised […]
Salt Lake City, Utah-based RiskRecon, which provides risk management cybersecurity services for the enterprise, announced it has raised $25 million in Series B funding. Accel led the round and was joined by existing investors Dell Technologies Capital, General Catalyst, and F-Prime Capital. Existing individual investors Mickey Boodaei, Rakesh Loonkar and Paul Sagan also participated in the round. The company, founded in 2015, has now raised more than $40 million in funding. As part of the Series B round, Accel Partner Nate Niparko has joined the board.
Boston-based Salsify, which operates a product platform that lets brands market to shoppers, announced it has raised $43 million in Series D funding. Greenspring Associates led the round, which included participation from existing investors Matrix Partners, Venrock, Underscore VC and North Bridge Venture Partners. The company, founded in 2012, has now raised more than $98 million in total financing.