Crux Informatics raises $20 mln Series B

Crux Informatics, a data engineering and information supply chain operator, announced it raised $20 million in a Series B round of funding. The financing includes recent investor Two Sigma, as well as follow-on investments from Goldman Sachs’ Principal Strategic Investment Group and Citi, among others previous investors. Crux, which has teams in New York and San Francisco, raised a $10 million Series A round in late 2017.

VCJ Venture LP San Francisco

East Coast LP Tiger Iron opens SF office, adds MP

Boston-based Tiger Iron Capital added the LP veteran Amit Tiwari to its team as its third managing partner and opened a new office in San Francisco. Tiwari began Oct 1. The new Tiger Iron office is located at Third and Mission Streets in the venture-heavy region of San Francisco known as South of Market. Tiwari previously […]

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Moonshots raises $20 mln for its inaugural fund

Moonshots Capital, a seed-stage venture firm founded by military veterans and serial entrepreneurs-turned VCs, announced it has raised $19 million for its inaugural fund. LPs include Dave McCormick, Co-CEO of Bridgewater Associates. The firm, led by Managing Partners Kelly Perdew and Craig Cummings, has offices in Los Angeles, California and Austin, Texas. Moonshots said it has already invested in four deals, including cybersecurity company New Knowledge and business travel booking provider Shep.

Venture capital fundraising

Edison Partners has growth spurt, closes its largest fund

Later-stage rounds are growing in size, and megadeals of $100 million or more are increasing in number. So it’s no surprise that Edison Partners today announced the final close of its largest growth-equity fund to date. The Princeton, New Jersey, firm raised $365 million for Edison Partners IX, 22 percent oversubscribed from its $300 million […]

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Marketplace G2 Crowd raises $55 mln led by IVP

Chicago-based G2 Crowd, which operates a marketplace for businesses to buy and manage software and services, announced it has raised $55 million in a Series C round of funding. IVP led the round, which included participation from Emergence Capital and returning investor Accel. The latest investment brings the company’s total fundraising to date to $100 million. As part of the financing, Jules Maltz from IVP has joined the board.

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Seattle cloud security company Shujinko raises $2.8 mln

Seattle-based Shujinko, which provides automation technology for the construction and auditing of cloud environments, announced it has raised $2.8 million in seed funding from Unusual Ventures, Defy, Vulcan Capital, PSL Ventures and Vas Ventures. Sujal Patel, the founder of Isilon Systems, and Andrew Peterson and Zane Lackey, co-founders of web application security leader Signal Sciences, also participated in the round. The company was incubated at startup studio Pioneer Square Labs. Shujinko co-founders Scott Schwan, CEO, and Matt Wells, CTO, previously worked at Starbucks and at mobile payments provider Cardfree.

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Kentucky LED startup Lumenari raises $3 mln

Lexington, Kentucky-based Lumenari, provider of LED phosphors for LCD displays, announced it has raised a $3 million Series A round of funding from TJ Rodgers, Jeremy Blank, Revolution’s Rise of the Rest Seed Fund and Hanover Partners. The company, founded in 2013, previously raised $1.3 million in seed funding. As part of the latest round, Rodgers and Blank have joined the board.

VCJ PC West

On the Bleeding Edge: 10.10.18

Recap of PC West in Half Moon Bay It’s a week after our PartnerConnect West conference Oct. 2-4 at the Ritz-Carlton in Half Moon Bay, California, and I’m still thinking about giant pumpkins and how they grow to be a ton in size. Maybe there’s a correlation to growth-stage funding and pumpkin farming. I’m also still […]

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Greylock leads funding in Demisto

Cupertino, California-based Demisto, a provider of a security operations platform, announced it has raised $43 million in Series C funding. Greylock Partners led the round, which included previous investors Accel Partners, ClearSky Security and others. The company, founded in 2015, has now raised $69 million in total funding. As part of the latest round, Sarah Guo, general partner at Greylock, has joined the board.

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Security startup Paladin Cyber raises $3.6 mln led by Lightbank

San Francisco-based Paladin Cyber, which provides cyber protection services for small and medium businesses, announced that it has raised $3.6 million in seed funding. Lightbank led the round, which included participation from Aquiline Technology Growth, Haystack, Argo Ventures and Clocktower Technology Ventures, as well as existing investors Ground Up Ventures, Hemi Ventures, Sutardja Ventures and Y Combinator. As part of the funding, Lightbank Managing Director Vic Pascucci will join the board. Paladin, founded in 2017, has now raised $4.5 million in total funding.

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Glasswing backs Sir Tim Berners-Lee and inrupt

Inrupt, the company founded by World Wide Web creator Sir Tim Berners-Lee has emerged from stealth with an undisclosed amount of initial funding led by Glasswing Ventures. The startup inrupt, which focuses on a creating a decentralized web, is led by CEO John Bruce.

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Dragonfly to invest in cryptocurrencies with $100 mln maiden fund

San Francisco-based Dragonfly Capital Partners announced this morning its launch of a $100 million fund to invest in cryptocurrency deals. The firm is led by Managing Partners Alexander Pack, who previously headed network investing at Bain Capital Ventures, and Bo Feng, who previously was a founding partner of Ceyuan Ventures.The firm said it already has a portfolio of 20 companies, including Basis, Spacemesh and Oasis Labs. The fund’s investors include Salil Deshpande of Bain Capital Ventures, Marc Andreessen and Chris Dixon of Andreessen Horowitz, Cyan Banister of Founders Fund, Olaf Carlson-Wee of Polychain Capital, Neil Shen of Sequoia China, and others.

Tiny raises $4 mln led by BlueRun

Palo Alto, California-based Tiny, provider of a rich-text editing platform, announced that it raised $4 million in Series A funding led by BlueRun Ventures. Additionally, the company introduced a cloud file management system, Tiny Drive, and a preview of a new user interface in the upcoming version 5 of TinyMCE. BlueRun Partner Jeff Tannenbaum wrote more about why the firm invested in a Medium blog post.

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Truebill secures $5 mln in funding

San Francisco-based Truebill, which provides a platform that helps users control finances, announced it has raised $5 million in Series A funding. Investors include Cota Capital, Social Capital, Day One Ventures and individual investors David Marcus (head of blockchain at Facebook and former president of PayPal), Neil Blumenthal (co-founder of Warby Parker), Dave Gilboa (co-founder of Warby Parker), Jawed Karim (co-founder of YouTube), Troy Carter (partner at Cross Culture Ventures), Marc Katz (co-founder of Custom Ink) and Hiten Shah (co-founder of Crazy Egg and KISSMetrics) among others. The company also announced Haroon Mokhtarzada, former chief executive of Webs.com, as CEO of Truebill. He co-founded Truebill in 2015 with his brothers, Yahya and Idris Mokhtarzada.

VC IVP People
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IVP boosts team with two hires and a promotion

Late-stage venture firm IVP announced Louisa Xu has joined as a vice president and Jake Storm has come on board as an associate. In addition, the firm announced it has promoted Armaan Ali to senior associate. Xu will focus on consumer and enterprise companies. Prior to joining IVP, she was with GIC’s technology investment group. Storm will focus on identifying and evaluating later-stage investments across the technology industry. He previously worked for Jefferies’ technology investment banking group. Ali joined IVP in 2016 and focuses on identifying and evaluating investments. Before IVP, he worked at Qatalyst Partners.

Linkfluence
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Linkfluence gains foothold in U.S. with its acquisition of Scoop.it

Linkfluence, the Paris provider of online-content analysis, is building up its U.S. presence by acquiring the seven-year-old San Francisco startup Scoop.it, a content management platform. Linkfluence said Oct. 1 that it raised $21 million through two European growth funds, Ring and Tikehau Capital. It also said it used the funding to acquire Scoop.it and appointed […]

German AI company Teraki raises $3 mln in seed

Berlin-based Teraki, which provides AI and edge data processing software for the automotive industry, announced it has raised $3 million in cumulative seed financing and government grants. Backers included new investors Paladin Capital Group and GPS Ventures GmbH, which joined previous investor Hub:raum, the seed investment arm of Deutsche Telekom.

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UK cybersecurity company Darktrace valued at $1.65 bln after latest funding

Cambridge, U.K.-based Darktrace, which uses machine learning and AI algorithms to provide cyber defense services, announced that it has raised $50 million in Series E funding led by Vitruvian Partners. Existing investors KKR and 1011 Ventures also participated. The latest funding now values the company at $1.65 billion. Darktrace, founded in 2013, has now raised $229 million in funding.