Boston-based Sea Machines Robotics, which develops autonomous control technology for marine vessels, announced that it has raised $10 million in Series A funding. Accomplice VC led the round, with participation from Toyota AI Ventures, Brunswick Corp, through its investment partner TechNexus Venture Collaborative, Eniac Ventures, NextGen VP and others. Sea Machines, founded in 2014, has now raised $12.5 million in funding.
Sapphire Ventures has raised a $115 million sports tech fund called Sapphire Sport, according to a regulatory filing. The fund was launched last year with an initial $100 million target, and the firm raised the commitments from 29 investors. Partners listed on the fund tinclude Sapphire Managing Directors Nino Marakovic, Jai Das, David Hartwig, Doug Higgins and Andreas Weiskam.
Palo Alto, California-based venture firm Pear, which raised $75 million for its second seed-stage fund in 2016, is seeking to raise $35 million for Pear Ventures I Expansion, according to a regulatory filing. The firm is led by Pejman Nozad and Mar Hershenson, the founding managing partners.
Washington, D.C.-based WhyHotel, which provides an alternative lodging service that operates pop-up hotels in newly, luxury apartment buildings, announced it has raised $10 million in Series A funding. Highland Capital Partners led the round, which included participation from Camber Creek, Revolution’s Rise of the Rest Seed Fund, Mendacre, MetaProp and Geolo Capital. The company, founded in 2016, previously raised $3.9 million in seed funding.
Chicago-based G2 Crowd announced it has acquired Siftery, platform that helps businesses discover new applications based on stacks used by peer companies. San Francisco-based Siftery had previously raised $4.1 million from investors, including Felicis Ventures and Venrock, among others. Siftery’s 20 employees and co-founders, CEO Vamshi Mokshagundam and CTO Ayan Baruna, will join G2 Crowd. G2 Crowd operates a marketplace for businesses to buy and manage software and services, and in October raised $55 million in a Series C round led by IVP and has now raised $100 million in total funding.
Bounce Innovation Hub, Acquire Investments and JumpStart Inc announced the launch of Fusion Fund, a $20-million, for-profit venture fund aimed at growing companies in and around Ohio. The fund will make seed and early-stage investments in advanced materials, life sciences and tech companies located within a four-hour radius of Akron, Ohio.
With 2018 shaping up as venture’s most robust fundraising year since the dot-com heyday, as the industry is nearing $50 billion in new commitments, there’s no shortage of stories of funds having successful raises. One of those firms is True Ventures, which in late October closed its sixth early-stage fund at $350 million and its third Select […]
San Francisco-based Firefly, which provides a digital advertising platform for rideshare drivers, emerged from stealth and announced it has raised $21.5 million in seed-stage funding. Funding was led by NFX, with participation from Pelion Venture Partners, Decent Capital (which is funded bu Tencent founders), Jeffrey Housenbold (of Softbank‘s Vision Fund), Cross Culture Ventures, Muse Capital, StartX and others. The company was founded in 2017.
Menlo Park, California-based Autotech Ventures, is seeking to raise $225 million for its second fund, according to a regulatory filing. The firm said last year it raised $120 million for its inaugural fund. The firm is headed up by Managing Directors Alexei Andreev, Quin Garcia and Daniel Hoffer. Autotech Ventures focuses on connected, autonomous, shared and electrified vehicles and related mobility services.
Cambridge, Massachusetts-based Wise Systems, which develops autonomous dispatch and routing software for delivery fleets, announced it has raised $7 million in Series A funding. Gradient Ventures, Google’s AI-focused venture fund, led the round. Existing investors E14 Fund, Neoteny, Trucks Venture Capital and Fontinalis Partners also participated. The company, founded in 2014 by MIT and Harvard University graduates, has now raised $8.5 million in total funding.
Cambridge, Massachusetts-based Forge.AI, an artificial intelligence company that focuses on decoding unstructured information machine-learning ready data, announced it has raised $11 million in Series A funding. Underscore VC led the round, which included participation from Accomplice, Boston Seed Capital, Imagination Capital and Project 11 Ventures. The company was founded last year by CEO Jim Crowley, COO Jennifer Lum and CTO Jack Crowley.
With IVP’s late-November investment in Deputy, the firm has invested in 15 companies in 2018. That ranks as a busy year for the late-stage investor. The firm backed 10 companies last year and eight in 2016. In addition, IVP, which last year raised $1.5 billion for its 16th and largest fund, reports that its portfolio […]
Boston-based Flipside Crypto, which uses blockchain transaction data to analyze cryptocurrencies, announced it has added Coinbase Ventures and Digital Currency Group as investors. In addition, fintech entrepreneur Jeff Parker also joined the funding round along with current investors True Ventures, Castle Island and Boston Seed Capital. Flipside Crypto has raised $4.5 million to date. The company was founded in mid-2017 by CEO Dave Balter, Jim Myers and Eric Stone.
Atlanta-based Deputy, provider of a workforce management software solution, has raised $81 million Series B funding. IVP led the round. Also participating are OpenView and Australian venture firms Square Peg Capital and EVP. Eric Liaw, general partner at IVP, has joined the board as part of the funding. Deputy was founded in Australia in 2008 and has now raised $106 million following a Series A round in early 2017.
Palo Alto, California-based Technology Impact Growth Fund is raising $200 million, according to a regulatory filing. Listed as the fund’s managers are Dipender Saluja and Ion Yadigaroglu. The two are partners at the Capricorn Investment Group, an investment firm formed by former eBay President Jeffrey Skoll.
Eko, provider of a mobile collaboration and communications platform for businesses, has raised $20 million in Series B funding. SMDV led the round, which included participation from RedBeat Ventures, AirAsia’s investment arm, as well as Gobi Partners, East Ventures and existing shareholders. The company, founded in Bangkok, Thailand, in 2012, also announced a European expansion with offices in London, Amsterdam and Berlin.
Enterprise-focused, early-stage investor Storm Ventures is seeking to raise a sixth fund, according to a regulatory filing. The filing did not disclose a target amount. The firm’s current fifth fund closed at its hard cap of $180 million in 2015. Earlier this year, Storm Ventures added Paul Willard as a partner and has promoted Arun Penmetsa to partner, joining Managing Directors Ryan Floyd and Tae Hea Nahm.
Venture investing in real estate and property tech companies dropped in activity and plunged in dollar volume in October, according to RE:Tech. The research organization reported deals decreased 20 percent to 36 in October from 45 in September. Meanwhile, the funding amount into real estate tech companies sank 76 percent to $661.4 million in October […]