San Francisco-based Navisens, which provides indoor location tracking using the motion sensors in smartphones, announced it has raised $2.6 million in seed-stage funding. Resolute Ventures led the seed round with participation from KEC Ventures, Amicus Capital, Arba Seed Investment Group and angel investor Gokul Rajaram.
Santa Clara, California-based Vertical Venture Partners has closed its inaugural fund with $51.3 million in commitments, according to a regulatory document. The filing indicates the money was raised from 32 investors. The firm was founded a couple of years ago by David Schwab, a former managing director with Sierra Ventures.
Silicon Slopes, Utah-based EventBoard, which develops cloud-based meeting tools and analytics, announced it has raised $13.5 million in Series B funding led by Nokia Growth Partners. Also participating in the round are GE Ventures and existing backers Greycroft Partners, Origin Ventures and Zetta Venture Partners. The company said it has now raised $20.5 million in total funding, which includes a $6.5 million Series A round in November 2015.
New York-based Pymetrics, which develops predictive hiring and career assessment technology, has raised $6.13 million in a Series A round of funding. Investors include BBG Ventures, Khosla Ventures, Mercer and Ranstad Innovation Fund.
Palo Alto, California-based Pear, which focuses on seed-stage deals and is known for hosting its community events, has closed an oversubscribed second fund with $75 million in commitments. The fund is 50 percent larger than the $50 million the firm raised for Fund I, which closed in 2013 and was raised mostly from the fortunes of Pejman Nozad and Mar Hershenson, the founding managing partners.
Austin, Texas-based True Wealth Ventures has raised $4.7 million of a targeted $20 million fund, according to a regulatory filing.
Houston-based, early-stage venture firm Mercury Fund announced Jackie Pfister has joined the team as marketing coordinator. It is the first marketing hire for Mercury. Pfister will support the firm in its marketing and branding efforts and work with portfolio companies in their branding, marketing and PR efforts. Pfister was previously a business analyst at Trenegy, a Houston-based management consulting firm.
Dublin, Ireland-based Yroo, a provider of a shopping search engine, announced it has raised $11 million in seed-stage funding. Yroo declined to disclose the names of all its investors, although the company said the funding comes from high-net-worth individuals, many of whom have ties to the retail space in the United States, Canada and Europe.
Sunnyvale, California-based Xperiel, a provider of an Internet of Things platform used by major sports and consumer brands, announced it has raised $7 million in its first round of funding. Participating in the round are a host of individual investors, including Sun Microsystems’ co-founder Andy Bechtolsheim, founding Google board member Ram Shiram, Stanford President John Hennessy, Scott Cook of Intuit, Dave Scially of the Golden State Warriors, Omaha Storm Chasers’ owner Gary Green, Google board member Diane Greene, Google executive Shona Brown, and Uber founder Garrett Camp. Also participating are Los Angeles Dodgers and Major League Baseball. Xperial said it will use the funding to support the development of its cloud-based platform that connects scoreboards, signage, merchandise and concessions with mobile devices.
Intel Corp announced on Oct. 9 that it would acquire San Diego-based Nervana Systems, a developer of artificial intelligence systems. Nervana will help develop Intel’s AI portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors, the company said in a blog post. Nervana was founded in 2014 has raised slightly more than $25 million from investors, according to Thomson Reuters data. Backers include Allen & Co, AME Cloud Ventures, Data Collective, DFJ, Fuel Capital, Lux Capital and SV Angel, among others.
Ignition Partners, which last year raised a $200 million sixth fund to invest in enterprise software, announced it has added Nick Triantos as a venture partner. Triantos, 35, will work out of the firm’s Los Altos, California-based office. He says he will focus on enterprise software deals that incorporate artificial intelligence, machine learning, virtual reality/augmented reality and cybersecurity.
Palo Alto, California-based Robinhood, a provider of a stock trading app, announced in a blog post that New Enterprise Associates General Partner Scott Sandell has joined the company board.
Somerville, Massachusetts-based Formlabs, which develops 3D printers, has raised $35 million in a Series B round of funding led by Foundry Group. Also participating in the round is Autodesk, as well as existing investors DFJ Growth, Pitango Venture Capital, and French businessman and C4 Ventures founder Pascal Cagni. The company has now raised $55 million in total funding. The company was founded in 2012 by a trio of engineers and designers from MIT.
Austin, Texas-based Owlchemy Labs, developer of Job Simulator and other virtual reality games, has raised $5 million in Series A funding led by Qualcomm Ventures, the VC arm of Qualcomm Inc. Also joining the round are HTC, The VR Fund, Colopl Next, Capital Factory and other Austin-area investors. The company was founded in 2010.
London-based Eight Roads Ventures has appointed Michael Treskow as a partner. He will focus on fintech, enterprise software and mobile businesses.
San Francisco-based iBeat, maker of a heart-monitoring smartwatch, announced it has raised about $1.5 million in an oversubscribed seed-stage round of funding that wa co-led by Maveron, Subtraction Capital and Correlation Ventures. Other investors include angels Ali and Hadi Partovi; Russell Okung, an offensive tackle for the Denver Broncos; KKR founding partner Henry Kravis; the Band of Angels; and the industrial design firm Ammunition Group. Ryan Howard, founder and chief executive of iBeat, previously was founder and chief executive of Practice Fusion.
As far as media dinners go, I attended one that was right up my alley last month.
DFJ Growth, which is in registration to raise $500 million for its latest fund, has added David Dubick as a principal. For the past two years, Dubick has worked with early-stage technology companies at Lightspeed Venture Partners, where he was a senior associate and sourced or managed investments in CloudPassage, Docker, Dremio, Handshake, Parsable, CloudBees, Velo3D, SnapRoute, and Barefoot Networks, according to a blog post by DFJ Partner Randy Glein.