Plant-based dairy startup Kite Hill wraps up $18 mln

San Francisco-based Kite Hill, maker of plant-based cheeses, yogurts and other dairy alternatives from nut milk, has raised $18 million in a Series B round of funding from 301 INC, General Mills’ venture arm, and CAVU Venture Partners. The company has now raised $21 million in financing. Kite Hill, founded in 2011, sells its products at Whole Foods Markets nationwide.

Fintech company Chime rings in $9 mln more

San Francisco-based Chime, a provider of mobile banking services, announced it has raised $9 million in funding in a round led by Aspect Ventures. The company has now raised $21 million in total capital. Other investors in the company include Crosslink Capital, Forerunner Ventures, Homebrew Ventures and PivotNorth Capital, according to AngelList. As a result of the latest funding, Lauren Kolodny of Aspect Ventures has joined the board.

Sun Basket wraps up Series A with $11.6 mln round

San Francisco-based Sun Basket, a provider of a meal-kit delivery service, announced it has closed its Series A round with $11.6 million in funding. The company raised $4.5 million in September 2015, and has since added $7.1 million. Led by Paul Allen’s Vulcan Capital, PivotNorth Capital and Robertson Stephens Partners, the round also includes Baseline Ventures, the Tyler Florence Group, Rembrandt Ventures, Correlation Ventures, Relevance Capital, Roth Capital and Filter14, among other undisclosed investors.

Accel leads $10 mln funding of Shift Technology in France

Paris-based Shift Technology, a provider of a software-as-a-service platform that uses artificial intelligence to help insurers detect claims fraud, announced it has raised $10 million in a Series A round led by Accel. Elaia Partners and Iris Capital also participated in the funding. As part of the round, Sonali de Rycker, a London-based general partner at Accel, has joined the board. The company was founded in 2013.

DriveScale emerges from stealth, announces $15 mln funding

Sunnyvale, California-based DriveScale, a provider of scale-out computing tools for the enterprise, emerged from stealth and announced it raised $15 million in Series A funding. Pelion Venture Partners led the round, which included participation from Nautilus Venture Partners and Foxconn’s Ingrasys. As part of the funding, Carl Ledbetter, managing director at Pelion, and Connie Sheng, founding managing director at Nautilus, have joined the board.

RedPoint Global raises $12 mln

Wellesley Hills, Massachusetts-based RedPoiont Global, a provider of data management and customer engagement software, announced it has raised $12 million in a Series C round of funding led by Grotech Ventures and WP Global Partners. The company previously raised about $11 million in funding.


Canaan leads funding of insurtech company Embroker

San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.


Greycroft, Tribeca lead $5 mln funding of PebblePost

New York-based PebblePost, a provider of direct mail technology, announced it raised $5 million in Series A funding led by new investors Greycroft Partners and Tribeca Venture Partners. The company says it has raised now raised $8 million in total funding. As a result of the latest round, John Elton of Greycroft and Chip Meakem of Tribeca Venture Partners are joining the board.


SGVC raises $50 mln for second fund

Beverly Hills, California-based SGVC has raised a little more than $50 million for its second fund, SG VC Fund II, from 81 investors, according to a regulatory filing. The firm was founded in 2012 by Managing Partner Dovi Frances as the venture arm of SG, a global advisory firm. His LinkedIn profile says he acquired […]


Naspers backs edtech company Brainly

Naspers Ventures announced it led a $15 million Series B investment in social learning network Brainly. The company previously raised $9 million in Series A funding from General Catalyst PartnersPoint Nine Capital, Learn Capital and Runa Capital in late 2014 when it set up an office in New York. Brainly started in Krakow, Poland. Naspers Ventures is the VC arm of South Africa-based Naspers, a worldwide Internet and entertainment group. The company recently opened a San Francisco office for Naspers Ventures, and the Brainly deal is the venture unit’s first investment in the edtech space.


GV leads funding of $15 mln round for Weaveworks

Weaveworks, which has offices in London and San Francisco, announced it has raised $15 million in a Series B funding round led by new investor GV. Also participating in the round is Accel Partners, which led the company’s $5 million Series A round in late 2014.


Social Capital leads funding in fintech company Simplee

Palo Alto, California-based Simplee, which provides a payment platform for healthcare patients, has raised $20 million in a Series C funding round led by existing investor Social Capital. Also participating are existing investors 83NorthHeritage Group and new investor American Express Ventures. The company raised $16 million in its two previous rounds combined, including a $10 million Series B in September 2013.


Evariant raises Series C funding from McKesson, Salesforce

Farmington, Conn.-based Evariant, a provider of a healthcare-focused CRM platform, announced it has raised additional funding from McKesson Ventures and Salesforce Ventures as part of its Series C round of funding. They join existing investors Health Enterprise Partners, Lightspeed Venture Partners and Goldman, Sachs & Co. Evariant announced in December it raised a $42.3 million Series C round of funding, bringing its total funding amount to $66 million at the time.


Vera announces board appointment, strategic investment

Palo Alto, California-based Vera announced that Mark Leslie, founder, chairman and former CEO of Veritas Software, will join the company board. The appointment comes as Vera also announced that it recently closed a strategic investment from Capital One Growth Ventures to its oversubscribed Series B funding round. Vera, formerly known as Veradocs, had previously announced a $17 million funding round in February led by Sutter Hill Ventures, with participation from existing investors Battery Ventures and Amplify Partners. The company, which provides solutions for businesses to secure, track and share digital information across platforms and devices, has now raised $35 million in total funding.