J.P. Morgan leads $140 mln funding of AppDirect

San Francisco-based AppDirect, a provide of cloud services to power ecommerce, announced it has raised $140 million in funding led by J.P. Morgan Asset Management. Also participating in the round are Foundry Group, iNovia Capital, Mithril Capital Management, StarVest Partners and Stingray Digital. Since the company was founded in 2009, it has now raised $245 million in total funding, including an $8.5 million Series A round in 2012.


Foundersuite raises funding from ffVC, angels

San Francisco-based Foundersuite.com, a provider of SaaS tools to help entrepreneurs with fundraising and other business tasks, announced it has raised $935,000 in seed-stage funding led by ff Venture Capital. Joining ffVC in the round are Small Ventures, Foley Ventures and a number of individual investors, including Catherine Chang, Brad Bao, Will Bunker, Steve Bennet, Santosh Jayaram, Philip Lo, Darren Wilson and others.


TenOneTen holds initial close on $20 mln fund

Los Angeles-based seed-stage investor TenOneTen has raised $13.18 million of a targeted $20 million fund, according to a regulatory filing. The firm, named after the 10 and 110 freeways in Los Angeles, had initially set out to raise $25 million when it began raising the fund last year, according to a previous regulatory filing.


Scale leads funding in Stormpath

San  Mateo, Calif.-based Stormpath, a provider of secure customer identity API technology, announced it has raised $15 million in Series B round. Scale Venture Partners led the round, which included previous investors New Enterprise Associates and Pelion Venture Partners. The company has now raised about $25 million in total funding, including an $8.2 million Series A round in early 2013. As part of the latest round, Andy Vitus, a partner at Scale Venture Partners, has joined the board.


LendingClub co-founder Soul Htite leads funding of Credible

San Francisco-based Credible, which operates a platform for borrowing and refinancing student loans, raised a $10 million Series A round of funding led by Soul Htite, founder and CEO of Dianrong.com and co-founder of LendingClub. Ron Suber, president of Prosper, also participated in the round, along with peer-to-peer lending investor Scott Langmack. The company previously raised $2.7 million in seed funding from multiple investors and individuals, including Carthona Capital, Redbus Group, Mark Goines and Bruce Gibney.

Teridion announces funding

San Francisco-based Teridion announced it has raised a $15 million Series B round of financing led by JVP, Magma and Singtel Innov8. The company, which provides cloud-based networking services, has now raised $20 million in total funding. Jeff Karras, managing director at Singtel Innov8, has joined the board.


Eight Roads backs UK-based retails data analytics provider more2

London-based Eight Roads Ventures announced it has made a $17 million investment in retail data analytics provider more2. More2, based in London, was founded in 2002 and had not previously raised funding. Eight Roads, formerly known as Fidelity Growth Partners Europe, has now made five investments in as many months.


Thumbtack nails $125 mln in funding

San Francisco-based Thumbtack, which provides a marketplace service to help consumers hire local service professionals, announced it has raised $125 million in funding. The round was led by Baillie Gifford and included previous investors Tiger Global, Google Capital and Sequoia Capital. The funding values the company at more than $1.3 billion, according to the New York Times.


Tournament gaming company Skillz scores $15 mln

San Francisco-based  Skillz, a provider of a sports tournament mobile gaming platform, announced it has raised $15 million in Series B funding led by David Bonderman’s Wildcat Capital Management. Other investors include The Kraft Group (owner of the New England Patriots), Marc Lasry (co-owner of the Milwaukee Bucks), Sequoia Capital and other existing investors. The company has now raised $28 million in total funding. As part of the latest round, Drew Tarlow from Wildcat has joined the board.


NEA leads $76.5 mln funding in Blue Jeans Network

Mountain View, Calif.-based Blue Jeans Network, a provider of cloud-based video collaboration services, has raised $76.5 million in new funding led by New Enterprise Associates. Joining the round are previous investors Accel Partners, Battery Ventures and Norwest Venture Partners, as well as new investors Glynn Capital, Quadrille Capital, and the former baseball player Derek Jeter, among others. The company has now raised $175 million in total funding.


Meditation app Headspace reels in $34 mln

Celebrity investors Jared Leto, Ryan Seacrest, Jessica Alba and her husband Cash Warren are some of the few people and firms that invested $34 million in Venice, Calif.-based Headspace, which provides a meditation app and is looking to expand its content. The Chernin Group led the funding round, which included Advancit Capital, Allen & Company, Breyer Capital, Broadway Video Ventures, Deerfield Management, Freelands Ventures and William Morris Endeavor as well as various individual investors, including LinkedIn CEO Jeff Weiner. Headspace, which also has a London office, raised the funding from 31 investors, according to a regulatory filing.


Sun Basket meal kit delivery service consumes $4.5 mln

San Francisco-based Sun Basket, a new entrant in the bustling meal kit delivery service sector that includes many well-funded competitors, announced it has raised $4.5 million in its first institutional round of funding. PivotNorth Capital and Baseline Ventures coled the round, which also includes Vulcan Capital, Roth Capital, The Florence Group, Rembrandt Ventures, Correlation Ventures, Relevance Capital, Lucas Venture Group and others, including a number of individual investors.


SoftTech, Lowercase invest in family concierge service app Envoy

San Francisco-based Envoy announced it has raised $3 million in seed funding from SoftTech VCLowercase Capital and others to provide what it calls “family concierge” service for seniors and family caregivers in 17 U.S. markets. Other investors in the seed-stage deal include ENIAC Ventures, Structure Capital, Technicolor Ventures and Vayner/RSE, In addition, individual investors include Douglas Feirstein (founder of LiveOps, Hired); Raj Gajwani, Fabrice Grinda and Jose Marin of FJ Labs; Edward Park (COO of Athenahealth); Gary Swart (former CEO of ODesk); and Tyler Willis. Stephanie Palmeri, a principal at SoftTech VC, has joined the board.

NEA, Shasta co-lead funding in LearnUp

San Francisco-based LearnUp, which operates a job training and placement platform, said it has raised an $8 million Series A round of funding co-led by New Enterprise Associates and Shasta Ventures. Greylock Partners, Floodgate and High Line Venture Partners also participated in the round.


Digital health startup Lumity raises $14 mln

San Mateo, Calif.-based Lumity, a provider of a healthcare and benefits analysis platform, has raised a $14 million Series A round of funding led by The Social+Capital Partnership. True Ventures and Rock Health, which previously invested an undisclosed amount of seed funding in the company, also participated in the Series A round. As part of the funding, Mamoon Hamid, general partner at s23p, has joined the board.


Cloud startup Iron.io raises $8 mln

San Francisco-based Iron.io, a provider of cloud infrastructure services,  has raised an $8 million Series A round of funding. Baseline Ventures led the round and was joined by fellow existing investors Bain Capital Ventures, Divergent Ventures, Ignition Partners and Cloud Capital Partners. The company previously raised $5.5 million in seed funding, including from individuals Jonathan Siegel, Matt Ocko, Jared Kopf and Lance White, among others.


Norwest leads $48 mln funding in Omada Health

San Francisco-based Omada Health announced it has raised $48 million in a Series C round of funding led by Norwest Venture Partners. Also participating in the round are strategic investors Humana Inc and Providence Health & Services, as well as existing investors U.S. Venture Partners, Rock Health and Andreessen Horowitz and new investors GE Ventures and dRx Capital.

Phil Libin.Web version

Ex-Evernote CEO Libin joins General Catalyst

Phil Libin, co-founder and former CEO of the note-taking service Evernote, has joined General Catalyst Partners as a general partner in its Palo Alto, Calif.-based office. Libin had stepped down from Evernote in July. General Catalyst is not an investor in the Redwood City, Calif.-based company.

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