171 Views

Founders Fund leads $50 mln round in Radius

San Francisco-based Radius, a provider of business-to-business predictive marketing software, announced it has raised a $50 million round led by Founders Fund. Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital also participated in the round.

Virtual reality startup AltspaceVR raises $10 mln

AltspaceVR, a Redwood City, Calif.-based provider of a social platform for virtual reality, announced it has raised $10.3 million in funding from returning investors Tencent, Dolby Family Ventures, Raine Ventures, Lux Capital, Western Technology Investments, Maven Ventures, Promus Ventures, Streamlined Ventures and Rothenberg Ventures, along with new investor Comcast Ventures. The company last raised a $5.2 million seed round and said it has now raised $15.7 million in total funding.

106 Views

Pritzker Group leads $7 mln funding of G2 Crowd

Chicago-based G2 Crowd, a provider of a business software review platform, announced that it has raised $7 million in Series A funding. Pritzker Group Venture Capital led the round, which included existing investors Chicago Ventures, Hyde Park Venture Partners and individual investors, including G2 Crowd co-founder and Chairman Godard Abel, Thomas Lehrman and Scott Dorsey (former ExactTarget co-founder/CEO).

117 Views

Expensify launches venture outfit to back fintech startups

Expensify, a provider of expense reporting solutions backed by OpenView Venture Partners, Redpoint Ventures and others, has launched a venture capital unit called Expensify Ventures. The strategic venture outfit will back early-stage companies in fintech, expense management and travel booking. Support for investments is coming from an undisclosed Series C round of funding that the San Francisco-based company raised earlier this year. Expensify Ventures has disclosed its first investment, having backed Piper, a provider of digital receipt solutions.

122 Views

Domino Data Lab secures Series A

San Francisco-based Domino Data Lab announced on its blog that it has raised a Series A round of funding led by Zetta Venture Partners with participation from Bloomberg Beta and In-Q-Tel. The amount of the round is undisclosed. The company, which provides a platform-as-a-service for data scientists, previously raised $100,000 in angel funding.

120 Views

Foundation leads funding of Yozio

Yozio, an Oakland-based company that provides mobile analytics and other marketing services to help companies  grow their mobile app users, has raised a $7 million Series A round of funding led by Foundation Capital. Also participating in the round are Illuminate Ventures, Webb Investment Network, AME Cloud Ventures and other investors. Yozio previously raised $1.6 million in seed funding. As part of the financing, Ashu Garg, general partner at Foundation Capital, has joined the board.

Synbio startup Ginkgo Bioworks raises $45 mln

Boston-based Ginkgo Bioworks, a synthetic biology company that builds organisms to spec for customers, has raised $45 million in an oversubscribed Series B round. Viking Global led the round and was joined by previous investors OS Fund, Y Combinator and Felicis Ventures. The new funds will be used to expand into new categories, such as pharma, cosmetics and […]

shutterstock_182053310.Android
105 Views

DCM Ventures calls up $100 mln for second Android fund

DCM Ventures announced it has raised $100 million for its second Android fund, A-Fund II, to make early-stage bets on apps and technology related to Google’s Android operating system. The firm’s first Andoird-focused fund, raised in 2011, has backed Augmedix, Freee, KakaoTalk, Kuaishou, Life360, Playstudios, Eaze and Yik Yak, among others. Investors in the fund include returning limited partners Tencent, Naver and Gree, as well as new LPS SoftBank Group, Baidu and Qualcomm.

French online marketplace Mirakl raises $20 mln led by 83North

Paris-based Mirakl, a provider of an online marketplace platform, announced it has raised a $20 million Series B round of funding led by 83North, the firm formerly known as Greylock IL. Felix Capital’s Frederic Court and Dave Strohm, a partner at Greylock and a founding investor and advisor to 83North, also participated in the round.

General Catalyst promotes Bonatsos to venture partner

General Catalyst has promoted Niko Bonatsos from principal to venture partner. On his bio page, Bonatsos said he has been involved with such portfolio companies as Chatous/Kiwi, ClassDojo, FlightCar, Livongo Health, Listia, PumpUp, Pushbullet, RealtyShares and Snapchat.

175 Views

Scale Computing raises $18 mln in funding led by ABS

Scale Computing, an Indianapolis-based provider of scalable storage, servers, and virtualization software, has raised $18 million in funding. ABS Capital Partners led the round, which included undisclosed previous investors. The company has now raised $69 million in funding. Previous backers include Allos Ventures, Benchmark Capital, First Analysis Corp and Scale Venture Partners, among others. As part of the latest funding, ABS Capital General Partners Laura Witt and Bobby Goswami have joined the board.

164 Views

Tech recruiting site HackerRank raises $7.5 mln

HackerRank, a Mountain View, Calif.-based provider of a hiring platform focused on recruiting engineers and other tech talent, announcing it has received a $7.5 million strategic investment from Recruit Holding’s HR Technology Fund. A company spokesperson said HackRank previously raised $17 million in funding from Battery Ventures, Khosla Ventures, Y Combinator and others.

366 Views

Accel leads $45 mln funding of InVision

InVision, a New York-based provider of a cloud-based collaborative platform for product designers, has raised $45 million in Series C financing. Accel led the round and was joined by existing investors FirstMark Capital and Tiger Global. As part of the round, Vas Natarajan, a partner at Accel, has joined the board. The company has now raised $80 million in funding.

309 Views

Canvas leads seed funding of on-demand tech services provider Eden

Eden, a San Francisco-based provider of on-demand workers to solve tech solutions in the home, has raised $1.3 million in seed-stage funding led by Canvas Venture Fund. Also participating in the round are Eniac Ventures, Comcast Ventures, Maven Ventures, Y Combinator and individuals Dylan Smith (co-founder and CFO of Box) and James Beshara (co-founder and CEO of Tilt), among others.

129 Views

Avast purchases mobile enterprise security provider Remotium

Avast Software announced it has acquired Redwood City, Calif.-based Remotium, a provider of enterprise security services to protect mobile devices. Financial details were undisclosed. Remotium, which had raised seed funding from Draper Nexus Ventures, was named the Most Innovative Company at the RSA Conference in San Francisco in 2013.

189 Views

Index leads funding of data platform provider Confluent

Mountain View, Calif.-based Confluent has raised a $24 million Series B round of funding led by Index Ventures. Existing investor Benchmark also participated in the round. The company, which provides a real-time, open source data platform, has now raised about $31 million to date in total funding. As part of the funding, Mike Volpi, partner at Index Ventures, has joined the company board.

359 Views

Fintech startup Karmic Labs raises $5 mln, Greycroft leads

San Francisco-based Karmic Labs, developer of a payment processing system, announced that it has raised a $5 million Series A round of funsing led by Greycroft Partners. Karmic Labs CEO and co-founder Ryan Weidenmiller told peHUB that other investors in the round include Trusted Ventures, Accelerator Ventures, Pipeline VC, Correlation Ventures and individual investor Iqram Magdon-Ismail.

China-based Shunwei files to raise $500 mln

Beijing-based venture firm Shunwei Capital Partners has filed to raise $500 million for Shunwei China Internet Opportunity Fund II. The amount listed on the regulatory filing is in U.S. dollars. The firm raised $210 million for its previous Internet Opportunity Fund, which closed in 2014, according to data from Thomson Reuters.

PE HUB Community

Join the 12519 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget