Storm Ventures leads $6.4 mln funding of LiftIgniter

San Francisco-based LiftIgniter, provider of a machine intelligence-powered personalization tool, announced it has raised a $6.4 million Series A round of funding led by Storm Ventures. Other investors include Rincon Venture Partners, Revel Partners, NTT DOCOMO Ventures Inc as well as angel investors Tom Chavez, chief executive and co-founder of Krux, and Bruce Falck, general manager of Revenue Product at Twitter. The company has now raised $8.25 million in total funding. LiftIgniter develops personalization API technology that allows e-commerce sites, publishers and content aggregators to personalize the content its users see on their websites and mobile apps.

VC Vitamins Norwest
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Norwest’s Lisa Wu on why vitamin maker Ritual is a clear deal

Katerina Schneider, founder and chief executive of vitamin maker Ritual, set out to make the perfect daily vitamin for women when she launched the company in 2015. But Ritual — which in early August announced a $10.5 million Series A round from lead investor Founders Fund and returning investors Forerunner Ventures, Norwest Venture Partners and Upfront […]

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Crosslink leads $10 mln funding in Phil

San Francisco-based Phil, a provider of a monthly prescription refill and delivery service, announced it has raised $10 million in a funding round led by Crosslink Capital. Other investors include Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank and Transmedia Capital.

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Security company Respond Software raises $12 mln from CRV, Foundation

Mountain View, California-based Respond Software, a provider of automated cyber security threat protection, emerged from stealth and announced it has raised $12 million in Series A funding led by CRV and Foundation Capital. The company was co-founded by Mike Armistead, Robert Hipps and Chris Calvert. The investors involved in the deal include Max Gazor, general partner at CRV, and Paul Holland, general partner at Foundation Capital.

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645 Ventures seeks $30 mln for sophomore fund

New York-based early-stage investor 645 Ventures has filed to raise $30 million for its second fund, according to a regulatory document. The firm, which is a backer of Goldbely, Poshly and Voodoo Manufacturing, among others, raised its initial fund in 2014 although the amount was undisclosed. 645 Ventures II is led by co-founders and General Partners Aaron Holiday and Nnamdi Okike.

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Norwest-backed Smilo emerges from stealth

Smilo, a developer of such baby feeding and soothing products as bottles and pacifiers, announced it has come out of stealth. The company has raised $3.25 million in seed-stage funding from Norwest Venture Partners and Brand Foundry Ventures.

On the Bleeding Edge, venture capital, 500 Startups, Dave McClure, sexual harassment

On the Bleeding Edge: ICOs surpass early-stage, Stein talks Talkdesk, Narasin updates profile and is Precursor fundraising?

ICYMI, initial coin offerings have now surpassed early-stage VC funding for all internet companies, not just for blockchain startups. That’s according to a Goldman Sachs report based on CB Insights data. This is notable since the universe of blockchain startups is much smaller than that of internet companies, and it’s one reason we’ve focused on […]

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OpenView leads funding of Auvik Networks

Waterloo, Ontario-based Auvik Networks, which offers network monitoring and management software for managed service providers, announced it has raised about $12 million (C$15 million) in a Series B round led by OpenView with participation from existing investors Celtic House Venture Partners and Rho Canada Ventures. As part of the round, Ricky Pelletier, partner at OpenView, has joined the company’s board.

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Mobile analytics provider Amplitude scores $30 mln

San Francisco-based Amplitude, a provider of a mobile and Web-based analytics platform that tracks user behavior, announced it has raised a $30 million Series C funding round of funding. IVP led the round, which included existing investors Benchmark and Battery Ventures. As part of the round, Somesh Dash, general partner at IVP, has joined Amplitude’s board as an observer. The funding brings the total amount raised by Amplitude to $59 million since it went through Y Combinator and was founded in 2012.

VC Money Falls

Data spotlight: Fundraising falls in July

Fundraising for U.S.-based venture firms fell precipitously in July, following a robust June. A total of 12 U.S. firms collectively raised $1.24 billion in July, an 85 percent drop in dollars from the month before, when 28 firms raised $8.23 billion in commitments, according to preliminary figures from Thomson Reuters. Accounting for nearly two-thirds of […]

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IoT security startup MagicCube raises $8.5 mln in Series A funding

Santa Clara, California-based MagicCube, provider of a Internet of Things security platform for consumers, announced it has raised $8.5 million in Series A funding led by Bold Capital Partners. Epic Ventures, Social Starts and Silicon Valley Bank also participated in the round. The company’s original investors include Visa.

Mamoon Hamid, general partner, Kleiner Perkins
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Kleiner Perkins adds Mamoon Hamid as GP

Mamoon Hamid, an investor in Box, Slack and Yammer, is joining the venture team at Kleiner Perkins Caufield & Byers as a general partner, the firm announced. Hamid was most recently general partner at Social Capital, which he co-founded nearly six years ago, and before that was a partner at U.S. Venture Partners.

Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan, Caisse de dépôt et placement du Québec, private equity, pension plan, Canada

500 Startups still bullish despite loss of Canadian fund

500 Canada, the one-year-old Canadian early-stage fund operation of 500 Startups, is folding and will not make any new investments. But 500 Startups remains committed to backing startups north of the border, according to a statement issued to VCJ. “We remain bullish on Canada’s startup ecosystem and deal flow,” the statement says. ”It’s why we […]

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500 Canada folding in wake of recent sexual misconduct allegations

500 Startups Canada, the Canadian fund operation of Silicon Valley’s 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its US$30 million targeted fund when news of McClure’s conduct became public. McClure, under pressure for alleged inappropriate behaviour toward several women, resigned in early July from 500 Startups, which he co-founded seven years ago. In addition to serving as managing partner of the main fund, McClure also was listed as a partner on each of its microfunds, such as 500 Canada.

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500 Canada folding in wake of recent sexual misconduct allegations involving Dave McClure

500 Canada, the Canadian fund operation of 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its $30 million targeted fund when news of McClure’s conduct became public.