Burlingame, Calif.-based Ruby Ribbon Inc has raised $7.5 million in a Series C round of funding. The financing was co-led by DBL Partners and Direct Selling Capital. Previous investors Trinity Ventures and Mohr Davidow Ventures also participated in the round. The company, which sells shapewear and women’s clothing online, previously raised $11.8 million. With the latest funding, Norm Matthews, former president of Federated Department Stores, and Cynthia Ringo of DBL Partners, have joined the board.
Sierra Ventures, which is raising its 11th fund, announced that it has hired Jim Doehrman as its first operating partner. The firm said Doehrman will work with its portfolio companies overseeing operational guidance and corporate development strategy, and he will handle the firm’s finance, investor relations, back-office administration, and corporate marketing functions, as well.
San Francisco-based Joyable, which helps online users overcome social anxiety, has raised $8 million in Series A funding led by returning investors Thrive Capital and Harrison Metal. The company previously raised $2.05 million in seed-stage funding.
San Francisco-based Descartes Labs, a deep-learning startup analyzing satellite imagery with a current focus on the agriculture industry, announced it has raised $5 million in Series A funding. Cultivian Sandbox, an ag-focused venture firm based in Chicago, led the round. Also participating are Crosslink Capital, which led the company’s seed round, TenOneTen, Data Collective and ValueStream Labs. As a result of this funding, Andy Ziolkowski, a managing director of Cultivian Sandbox, has joined the board.
Toronto-based Blueprint, a provider of enterprise software for requirements definition and management, announced it has raised $23 million in funding from Centana Growth Partners. The company previously raised about $28 million in funding from the Business Development Bank of Canada, Growthworks, Tandem Expansion and the Walsingham Fund, according to Thomson Reuters.
Ashley Mayer, senior director of communications at Box, announced via a Medium post that she will join Social Capital to run brand and talent. Mayer, who has been with Box for more than six years, said the week of Nov. 16 will be her last at the online file storage company, which went public earlier this year. Social Capital, formerly known as Social+Capital Partnership, was an investor in Box.
Lightspeed Venture Partners announced on its blog that Aaron Batalion. a co-founder and the first CTO of LivingSocial, has joined the firm’s consumer practice as a partner. Lightspeed was an investor in LivingSocial, which raised more than $900 million in funding, according to the Thomson Reuters database.
Salt Lake City, Utah-based EventBoard announced it has raised $6.5 million in Series A funding. Greycroft Partners led the round, which included Zetta Venture Partners and Origin Ventures. The company, which previously raised $1.5 million in seed-stage funding, develops technology to help schedule meetings and book rooms from any device. The company also provides data about meeting space use and effectiveness. As part of the Series A funding, Mark Terbeek of Greycroft joined as a full board member and Brent Hill of Origin joined as an observer.
Irvine, Calif.-based POP, a mobile app that provides a crowd-solving platform for business, has raised $6 million in a Series A round of funding. Nexus Venture Partners led the round, which included Greylock Partners. As a result of the funding, the company has added to the board Naren Gupta, co-founder and managing director of Nexus, Asheem Chandna, partner with Greylock, and Adriel Lares, former CFO of Lookout.
Mountain View, Calif.-based H2O.ai, which provides an open source machine learning platform, announced it has raised a $20 million Series B round of funding led by Paxion Capital Partners. Existing backers Nexus Venture Partners and Transamerica Corporation and new investor Capital One Growth Ventures also joined the round. The company has now raised $34 million in total funding. Michael Marks, founding partner of Paxion, has joined the board as part of the company’s latest funding round.
New Relic announced it has acquired San Francisco-based Opsmatic, which provides a DevOps monitoring tool. Terms of the acquisition were not disclosed. Opsmatic has raised more than $3.25 million in seed-stage funding, according to data from Thomson Reuters. Investors include Detroit Venture Partners, Freestyle Capital, General Catalyst Partners, Illuminate Ventures, Index Ventures, Slow Ventures and others, according to CrunchBase. […]
Redwood City, Calif.-based Innit announced it has raised $25 million from undisclosed investors, which includes founders. The company said it is developing a cloud-based platform that connects food to appliances, devices and users to “enhance how we select, prepare and cook food.” PRESS RELEASE REDWOOD CITY, Calif.–Innit®, a new company that manages and connects food information, launched […]
Luhi, Utah-based Weave, a provider of a unified communication platform for small and medium businesses, announced it has raised $15.5 million in a Series B round of funding led by Crosslink Capital. Also participating in the round are Pelion Ventures, Peak Capital, A Capital, Y Combinator, Initialized Capital and individual investors Geoff Ralston and Joe Montana. The company has now raised $22 million in total funding. As part of the latest round, David Silverman, partner at Crosslink Capital, and Blake Modersitzki, managing director at Pelion Capital, have joined the board.
Boston-based Confer, a provider of endpoint detection and response technology, announced it has raised $17 million in Series B funding. Foundation Capital led the round, which included existing investors, Matrix Partners and North Bridge Venture Partners. The company previously raised an $8 million Series A round in January 2014.
Costa Mesa, Calif.-based Connectifier, which develops recruiting software, has raised $6 million in a Series B round of funding led by Goldcrest Capital. The company has now raised $12 million in total funding, following a $6 million Series A round in June led by True Ventures.
Munich-based Acton Capital Partners hit its target and held a final close of $200 million on Heureka II Growth Fund. Anchor investors include the European Investment Fund, Hubert Burda Media, KfW Banking Group, UniCredit Bank and family offices. The firm held a $110 million first close on the growth equity fund in January 2014. Acton focuses on growth companies in consumer Internet, such as online marketplaces, e-commerce, e-services, digital media and software as a service.
Seattle-based Outreach, which uses predictive intelligence and machine learning to optimize the B2B sales communication process, announced it has raised a $9.2 million Series A round of funding. Mayfield Fund led the round, which included participation from existing investors MHS Capital and Floodgate. As part of the latest round, Rajeev Batra, partner at Mayfield, has joined the board.
Menlo Park, Calif.-based IVP announced that Louise Ireland has joined the firm as an associate, with a focus on enterprise software, Internet and mobile late-stage investments. Before joining IVP, Ireland was with J.P. Morgan. She is a graduate of Brown University, where she earned a bachelor’s degree in economics and was a member of the nationally ranked crew team.