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Blood testing company Sight Diagnostics raises $27.8 mln

Tel Aviv, Israel-based Sight Diagnostics, which operates an AI-powered blood testing company, announced it has raised $27.8 million in Series C funding led by Longliv Ventures, a member of the CK Hutchison Group. Other investors in the round include healthcare philanthropist Jack Nicklaus II; Steven Esrick, a healthcare impact investor; and an additional major medical equipment manufacturer. Also joining the company’s Series C funding are existing investors OurCrowd, Go Capital and New Alliance Capital.

VCJ Seed Fundraising Ventures Catapult Ventures
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Catapult Ventures closes maiden fund above target at $55 mln

Early-stage-focused Catapult Ventures, which invests in artificial intelligence and robotics, closed its inaugural fund above target at $55.35 million. Co-Founding Managing Partners Darren Liccardo and Rouz Jazayeri told VCJ that they were able to secure three early anchor commitments that allowed them to start investing right away and build a portfolio of seven companies. The […]

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5AM raises nearly $500 mln for life science funds

5AM Ventures announced that it had closed the two life science funds at almost $500 million in commitments. The firm, which has offices in San Francisco and Boston, closed 5AM Ventures VI at $350 million and 5AM Opportunities I at $147 million.

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Mode raises $23 mln led by Valor Equity Partners

San Francisco-based Mode, provider of a collaborative data science platform, announced that it has raised $23 million in a Series C round led by Valor Equity Partners. Foundation Capital and REV Venture Partners, which led the company’s Series A and B financing rounds, also participated in the latest funding. Jake Klamka, founder and CEO of Insight Data Science, and Tribe Capital also participated. The company, founded in 2013, has now raised $50 million in total capital. David Obrand, a partner at Valor, has joined the company’s board.

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Eric Woo joins AngelList to help investors raise funding

Eric Woo in December quietly joined AngelList in the new position of head of institutional capital. Woo most recently was an adviser in the venture community, consulting to startups, accelerators, fund managers, corporations and LPs. And he earlier was a principal at the San Francisco LP Top Tier Capital Partners. Woo tells VCJ that at […]

venture capital, economy, business confidence, university of california san francisco, mark cannice
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Venture-investor confidence at lowest point in 10 years

Silicon Valley venture investors’ confidence in the entrepreneurial environment fell in Q4 to its lowest point in a decade. That’s according to the Silicon Valley Venture Capitalist Confidence Index, which registered investor confidence at 3.2, down from 3.52 the previous quarter. The index measures venture capitalists’ estimates of the entrepreneurial environment in the San Francisco […]

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Investors pour $310 mln into electric scooter maker Lime at $2.4 bln valuation

San Mateo, California-based Lime, the fast-growing provider of electric scooters and bikes for short-term rentals, announced it has raised $310 million in Series D financing at a $2.4 billion valuation. A group of returning backers and new investors, Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV and IVP, led the round. Existing investors Alphabet, Coatue Management, Fifth Wall Ventures, DCM Ventures, GGV Capital, Singapore’s GIC and others also joined the round with several new investors, including GSV Capital, FJ Labs, Bling Capital, Europe’s GR Capital and St. Augustine Partners.

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Lerer Hippeau leads seed funding in personal care company by Humankind

New York-based by Humankind, maker of responsible alternatives to personal care products, emerged from stealth and announced it has raised $4 million in seed funding led by Lerer Hippeau. Other investors include Red Sea Ventures, BoxGroup, SV Angel, Great Oaks, SoulCycle Co-Founder Elizabeth Cutler, and Adobe CPO Scott Belsky, among others. The company was founded last year by Brian Bushell and Joshua Goodman.

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Insurtech company Avinew raises $5 mln in seed

Westlake Village, California-based Avinew, an Insurtech company focused on autonomous and semi-autonomous vehicles, announced it has raised $5 million in seed funding. Crosscut Ventures led the round, with additional participation from American Family Ventures, Draper Frontier and RPM Ventures. The company was founded in 2016.

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API protection company Salt Security raises $10 mln

Palo Alto, California-based Salt Security, which provides API threat protection services, announced it has raised $10 million in funding. The round includes investments from Israel-based S Capital, which is comprised of Sequoia Capital Israel founders. Other investors include Kevin Mahaffey, co-founder of Lookout and expert at Y Combinator, and Marius Nacht, chairman and co-founder of Check Point Software. S Capital Founding Partner Haim Sadger has joined the board.

VCJ Venture
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Entrepreneur and angel investor Jeff Fluhr joins Craft Ventures as GP

Jeff Fluhr, who founded Spreecast and co-founded StubHub, quietly joined Craft Ventures late last year as a general partner. At the San Francisco firm, known for keeping a low profile, he becomes the third GP along with Co-Founders David Sacks and Bill Lee. Sacks is the former Yammer CEO and onetime COO and product visionary at […]

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Madison Reed secures $51 mln in growth funding

San Francisco hair color beauty company Madison Reed announced it has raised $51 million in Series D growth capital led by existing investors Norwest Venture Partners and True Ventures. Also participating in the round was Comcast Ventures and new investor Meaningful Partners. The company, founded in 2013, previously raised about $70 million.

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Recharge announced strategic investment from Fifth Wall

San Francisco-based Recharge, which allows users to rent hotel rooms by the minute in certain cities, said Fifth Wall Ventures has made an undisclosed investment in the company and become a strategic investor. As a result, Fifth Wall Co-Founder and Managing Partner Brad Greiwe has joined the company board.

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Adobe who? Sequoia-backed PicsArt turns photo editing social

From the drawing pencils of babes. Seven years ago Hovhannes Avoyan was engaged in selling his company, Monitis, a provider of cloud-based network monitoring solutions, when his then 10-year-old daughter, Zara, came to him in tears. She was upset because she was sharing her art and online bullies were critical of her work. “She always […]

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Low-cost satellite company Swarm raises $25 mln

Palo Alto, California-based Swarm Technologies, which develops low-cost satellite communications network, announced it has raised $25 million in Series A funding. The round was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo, with participation from Social Capital, 4DX Ventures and NJF Capital. The company, founded in 2017, has now raised $28 million in funding. Swarm was founded in 2017 by Sara Spangelo, a former NASA engineer, and Ben Longmier, former University of Michigan professor in aerospace engineering and postdoctoral fellow at NASA Johnson Space Center. Swarm said it will use the capital to hire and to deploy a constellation of 150 satellites over the next 18 months.