San Francisco-based IFTTT, which provides a utility for users to connect their apps, services and smart devices, announced it has raised $24 million in new funding led by Salesforce Ventures. IBM, Chamberlain Group and Fenox Venture Capital also participated in the round. IFTTT, which stand for “If This, Then That,” was founded in 2010 and has now raised $63 million in total funding. Other investors include Andreessen Horowitz, Lerer Hippeau Ventures, New Enterprise Associates, Norwest Venture Partners and SV Angel.
Ready Robotics, provider of robotics as a service or RaaS, announced it has raised $15 million in funding and is relocating to Columbus, Ohio, from Baltimore. Columbus based Drive Capital led the round, which included Eniac Ventures and RRE Ventures. The company, founded in 2016, has now raised nearly $19 million in total funding
Glendale, California-based Black Diamond Ventures, which focuses on early to mid-stage companies in biotech, medical devices, semiconductor design, data science and mobile applications, announced it has promoted Ana Quintana to managing partner. Quintana joined the firm as a director in 2000 and has participated as an operating partner in several startups. She was most recently a principal at the firm, according to her LinkedIn profile. She is also co-founder of She Ventures in Tech, which provides entrepreneurial support for women with existing tech startups.
Durango, Colorado-based GitPrime, a provider of software engineering analytics, announced it has raised $10.5 million in Series A funding led by OpenView. Existing investor Data Collective also participated in the round. The company, which was a member of the Y Combinator 2016 Winter batch, has now raised $13 million in total funding. As part of the latest round, Mackey Craven, a partner at OpenView, has joined the board.
Skepticism remains high that the drug pricing debate will lead to action despite the FDA vowing to combat high drug prices. That was one of the findings in a survey of 300 healthcare experts conducted by the venture firm Venrock. A majority of those polled said that they believe there will still be more talk than action on prescription drug prices, with 19 percent believing that nothing will happen with prescription drug prices.
Boston-based SidelineSwap, which provides an online marketplace for athletes to buy and sell sports gear and equipment, said it has raised $5 million in Series A funding. Global Founders Capital led the round, with participation from David Robinson’s Admiral Capital, Peak6 Sports, RiverPark Ventures, FJ Labs and The Player’s Impact, a group of professional athletes and Olympians. The company, founded in 2015, has now $8.9 million in total funding.
SVB Capital invested $500 million in Sequoia Capital’s $8 billion growth fund, a source familiar with the bank told me. A spokesperson for SVB Capital declined comment. The investment is consistent with a CNBC report in March that said the minimum check size for LPs to get into Sequoia’s global growth fund was $250 million. Sequoia […]
San Francisco-based SalesHero, which provides an AI-powered sales assistant, announced it has raised $4.5 million in seed funding from Baidu Ventures, CometLabs and CherryVentures. Signals Venture Capital, an enterprise-focused fund investor based in Berlin, also participated in the round. The company was founded last year by CEO Stefan Groschupf, former CEO and founder of Datameer.
Somerville, Massachusetts-based Formlabs, which develops 3D printers, has raised $30 million in a Series C round of funding led by Tyche Partners. The round also includes participation from Shenzhen Capital Group and UpNorth Investment Limited and existing investors DFJ, Pitango and Foundry Group. The company, which has now raised $85 million in total funding, was founded in 2012 by a trio of engineers and designers from MIT.
New York-based Venrock has raised $400 million for Venrock Healthcare Capital Partners III, the firm’s public and cross-over biotech fund. Venrock raised $200 million for the prior fund in 2014 and $450 million for its eighth main fund in 2016. The cross-over fund is led by Bong Koh and Nimish Shah, according to a regulatory filing.
First, it was the on-demand car services that launched big and were reined in by the regulators. Now, it’s the electric-scooter providers. And like Uber and Lyft, a trio of VC-backed companies that provide dockless short-term rental scooters in mostly urban centers are confident they can smooth out the bumps in the road. In recent months, […]
New York-based RubiconMD, which provides a digital consult platform to connect primary care doctors with specialists, announced it has raised $13.8 million in a Series B round. HLM Venture Partners and Optum Ventures led the round, which included Centene Corporation and Blue Ivy Ventures, along with all participating investors from their Series A. RubiconMD, launched in 2013, raised a $4 million Series A round in mid-2016.
London-based BenevolentAI, which applies artificial intelligence to develop new medicines to treat diseases, announced it has raised $115 million in new funding at a pre-money valuation of $2 billion. Not all investors were disclosed, but the company said backers in the latest round include existing investor Woodford Investment Management, as well as new investors from the United States. The company has now raised more than $200 million since it was founded in 2013.
Santa Monica, California-based Tala, maker of a smartphone app that provides credit scoring, lending and other personalized financial services for underserved consumers, has raised a $50 million Series C round led by Revolution Growth. Others participating in the round include existing investors IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company, founded by CEO Shivani Siroya in 2011, also recently raised an additional $15 million in debt as it aims to grow its business in Mexico and India. Tala has now raised a total of $105 million in financing. As part of the latest investment, Steve Murray, managing partner at Revolution Growth, has joined the board.
Austin, Texas-based SLK Venture Capital is seeking to raise $24.5 million for its inaugural fund, according to a regulatory filing. The firm, led by Steve Kuhn, invests in undercapitalized sectors and geographies, according to its website at www.slkventurecapital.com.
New York-based RapidSOS, a provider of emergency technology, announced it has raised an additional $16 million in funding led by Highland Capital Partners. Microsoft Ventures and CSAA Insurance Group also participated in the funding. RapidSOS, founded in 2013, has now raised more than $30 million in funding.
For venture capitalist Howie Diamond, investing in founders’ companies is only one step in ensuring their success. He and his partners at Alpha Bridge Ventures in San Francisco want to support their personal well-being. That’s why the firm, which is currently raising its debut fund, is launching a beta program called Project Atlas to help founders stay […]
Los Gatos, California-based Parade Ventures has filed to raise $25 million for its inaugural fund, according to a regulatory filing. The firm is led by Shawn Merani, an angel investor and a co-founder and partner at Flight Ventures. Merani was an investor in Dollar Shave Club and Cruise Automation, according to his AngelList profile. Parade’s website at www.parade.vc features only a landing page.