Drone

DuPont joins PrecisionHawk’s Series C round

Raleigh, North Carolina-based PrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its $18 million Series C round. The round was announced last week and PrecisionHawk told PE Hub at the time that an additional investor would be announced soon. Other disclosed investors in the round include Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund. PrecisionHawk, which also has an office in Toronto, has now raised $30 million in total funding.

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Oak HC/FT leads funding round for on-demand insurance provider Trov

Danville, California-based Trov, which provides on-demand insurance services via mobile phone, has raised $25.5 million in a Series C funding round led by Oak HC/FT. Other investors in the round include leading Australian insurer Suncorp Group, insurance technology provider Guidewire and fintech-focused venture firm Anthemis Group. The company has now raised $39 million in total funding. The company said its on-demand insurance services will roll out to users first in Australia in May 2016.

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AI-powered fintech company Kasisto reveals strategic investment from DBS Bank

Kasisto, which uses artificial intelligence technology behind its virtual assistant banking services, announced it has received a minority investment from DBS Bank. Kasisto was spun out of SRI International in 2014 and has received $2.25 million in funding from New York Angels, Two Sigma Investments and Wells Fargo Startup Accelerator, among others, according to data from Thomson Reuters. Kasisto also announced it is powering the virtual assistant in digibank, a mobile-only bank in India.

Tado Smart App
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Tado raises $23 mln from Inven for smart climate control device

Tado, a maker of a smart climate control device and app, announced it has raised $23 million in funding entirely from Inven Capital, a venture arm of CEZ Group. The company, which has its headquarters in Munich, Germany, and sells its device in Europe, the United States and Singapore, has now raised $57 million in total funding. This includes a $17.1 million funding in October. Existing investors include Siemens AG‘s VC arm and Statkraft Venture Capital, the investment unit of Europe’s largest producer of renewable energy, as well as Target Partners, Shortcut Ventures, BayBG and others.

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Mobile payment app Rooam calls up seed funding

Rooam, which describes itself as a socially connected mobile payment app, announced at the Collision conference in New Orleans that it has raised $1.2 million in seed-stage funding from several undisclosed private investors. The company’s app allows users to pay for drinks and connect with friends to find out what events and clubs they are at. Rooam plans to launch its mobile app in Washington, D.C., in the spring.

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Drone company PrecisionHawk raises $18 mln

Raleigh, N.C.-based PrecisionHawk, which provides aerial data and safety platforms for drones, has raised $18 million in a Series C round of fund from new investors Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund also participated in the round. PrecisionHawk told PE Hub that another “Fortune 500” investor in the Series C round will be announced soon. The company, which was founded in 2010 and is seeing a growth of commercial uses of drones nationwide, has now raised $30 million in total funding.

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Blumberg Capital leads funding of Apester

New York-based Apester, which provides a storytelling platform for publishers, announced it has closed on $12 million, the second tranche of its Series A round of funding. The funding was led by Blumberg Capital and includes Mangrove Capital, former AOL CMO Tal Simantov, Wix co-founder Gigi Kaplan, Silverstein Properties President Tal Kerret and Wellborn Ventures. The company, founded in 2014, has now raised $17 million to date, following a first tranche to the Series A of $5 million nine months ago.

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Biomatics Capital files to raise $150 mln

Seattle-based Biomatics Capital Partners has filed to raise $150 million, according to a regulatory filing. The firm, which earlier this year invested in New York-based AiCure, was established by Boris Nikolic, who previously was a science adviser for Bill Gates, and Julie Sunderland, former director of program-related investments for the Bill & Melinda Gates Foundation.

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Cloud Apps Capital leads funding of Wootric

San Francisco-based Wootric, which provides Net Promoter Score (NPS) tool to help businesses analyze customer sentiment, announced it has raised an oversubscribed $2.6 million Series A round of funding led by Cloud Apps Capital PartnersCSC Upshot also participated in the round. As a result of the funding, Matt Holleran and Judy Loehr of Cloud Apps Capital Partners have joined the company’s board.

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Zetta eyes $100 mln for sophomore fund

San Francisco-based Zetta Venture Partners is seeking to raise $100 million for its second fund, according to a regulatory document. Zetta, founded in 2013 by Managing Directors Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, raised $60 million for its inaugural fund. The firm focuses on early-stage analytic software companies.

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Capital Partnership buys Northgate

The Capital Partnership, a private investment office and asset manager with offices in Dubai and London, announced that it has agreed to acquire Northgate Capital from Religare and certain members of Northgate’s management team for an undisclosed price. Religare, an India-based diversified financial services group, acquired a majority stake in Northgate in 2010. Founded in 2000, Northgate is based in Danville, California, and has additional offices in the United Kingdom and Mexico. It invests in venture capital and private equity funds and also makes direct VC investments.

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NEA, others back German IoT startup Konux

Munich, Germany-based industrial IoT company Konux announced it has raised $7.5 million in a Series A round of funding from New Enterprise Associates, VC MIG and individual investor Andy Bechtolsheim. Additional investors include UnternehmerTUM, Warren Weiss and Michael Baum, founding chief executive of Splunk. Konux is developing smart sensor systems for industrial companies and helps them reduce maintenance costs with artificial intelligence.