Resolute Ventures leads seed funding in Navisens

San Francisco-based Navisens, which provides indoor location tracking using the motion sensors in smartphones, announced it has raised $2.6 million in seed-stage funding. Resolute Ventures led the seed round with participation from KEC Ventures, Amicus Capital, Arba Seed Investment Group and angel investor Gokul Rajaram.


Vertical wraps up inaugural fund

Santa Clara, California-based Vertical Venture Partners has closed its inaugural fund with $51.3 million in commitments, according to a regulatory document. The filing indicates the money was raised from 32 investors. The firm was founded a couple of years ago by David Schwab, a former managing director with Sierra Ventures.


Nokia Growth Partners leads funding in EventBoard

Silicon Slopes, Utah-based EventBoard, which develops cloud-based meeting tools and analytics, announced it has raised $13.5 million in Series B funding led by Nokia Growth Partners. Also participating in the round are GE Ventures and existing backers Greycroft Partners, Origin Ventures and Zetta Venture Partners. The company said it has now raised $20.5 million in total funding, which includes a $6.5 million Series A round in November 2015.


Pymetrics scores Series A round

New York-based Pymetrics, which develops predictive hiring and career assessment technology, has raised $6.13 million in a Series A round of funding. Investors include BBG Ventures, Khosla Ventures, Mercer and Ranstad Innovation Fund.

Pear Fund Palo Alto

Seed-focused Pear raises $75 mln for Fund II

Palo Alto, California-based Pear, which focuses on seed-stage deals and is known for hosting its community events, has closed an oversubscribed second fund with $75 million in commitments. The fund is 50 percent larger than the $50 million the firm raised for Fund I, which closed in 2013 and was raised mostly from the fortunes of Pejman Nozad and Mar Hershenson, the founding managing partners.

Mercury Fund adds marketing coordinator

Houston-based, early-stage venture firm Mercury Fund announced Jackie Pfister has joined the team as marketing coordinator. It is the first marketing hire for Mercury. Pfister will support the firm in its marketing and branding efforts and work with portfolio companies in their branding, marketing and PR efforts. Pfister was previously a business analyst at Trenegy, a Houston-based management consulting firm.


Ireland’s Yroo raises $11 mln

Dublin, Ireland-based Yroo, a provider of a shopping search engine, announced it has raised $11 million in seed-stage funding. Yroo declined to disclose the names of all its investors, although the company said the funding comes from high-net-worth individuals, many of whom have ties to the retail space in the United States, Canada and Europe.


Bechtolsheim, Shriram and more back IoT company Xperiel

Sunnyvale, California-based Xperiel, a provider of an Internet of Things platform used by major sports and consumer brands, announced it has raised $7 million in its first round of funding. Participating in the round are a host of individual investors, including Sun Microsystems’ co-founder Andy Bechtolsheim, founding Google board member Ram Shiram, Stanford President John Hennessy, Scott Cook of Intuit, Dave Scially of the Golden State Warriors, Omaha Storm Chasers’ owner Gary Green, Google board member Diane Greene, Google executive Shona Brown, and Uber founder Garrett Camp. Also participating are Los Angeles Dodgers and Major League Baseball. Xperial said it will use the funding to support the development of its cloud-based platform that connects scoreboards, signage, merchandise and concessions with mobile devices.

intel, logo, computex, exhibition

Intel scoops up VC-backed AI company Nervana Systems

Intel Corp announced on Oct. 9 that it would acquire San Diego-based Nervana Systems, a developer of artificial intelligence systems. Nervana will help develop Intel’s AI portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors, the company said in a blog post. Nervana was founded in 2014 has raised slightly more than $25 million from investors, according to Thomson Reuters data. Backers include Allen & Co, AME Cloud Ventures, Data Collective, DFJ, Fuel Capital, Lux Capital and SV Angel, among others.

Nick Triantos Ignition Partners, SRI International, venture capital

Triantos joins Ignition Partners from SRI

Ignition Partners, which last year raised a $200 million sixth fund to invest in enterprise software, announced it has added Nick Triantos as a venture partner. Triantos, 35, will work out of the firm’s Los Altos, California-based office. He says he will focus on enterprise software deals that incorporate artificial intelligence, machine learning, virtual reality/augmented reality and cybersecurity.


NEA’s Sandell joins Robinhood board

Palo Alto, California-based Robinhood, a provider of a stock trading app, announced in a blog post that New Enterprise Associates General Partner Scott Sandell has joined the company board.


3D printer Formlabs inks $35 mln round led by Foundry

Somerville, Massachusetts-based Formlabs, which develops 3D printers, has raised $35 million in a Series B round of funding led by Foundry Group. Also participating in the round is Autodesk, as well as existing investors DFJ Growth, Pitango Venture Capital, and French businessman and C4 Ventures founder Pascal Cagni. The company has now raised $55 million in total funding. The company was founded in 2012 by a trio of engineers and designers from MIT.


VR game developer Owlchemy Labs raises $5 mln

Austin, Texas-based Owlchemy Labs, developer of Job Simulator and other virtual reality games, has raised $5 million in Series A funding led by Qualcomm Ventures, the VC arm of Qualcomm Inc. Also joining the round are HTC, The VR Fund, Colopl Next, Capital Factory and other Austin-area investors. The company was founded in 2010.

iBeat Ryan Howard Wearable Smartwatch

Smartwatch iBeat raises $1.5 mln in seed funding

San Francisco-based iBeat, maker of a heart-monitoring smartwatch, announced it has raised about $1.5 million in an oversubscribed seed-stage round of funding that wa co-led by Maveron, Subtraction Capital and Correlation Ventures. Other investors include angels Ali and Hadi Partovi; Russell Okung, an offensive tackle for the Denver Broncos; KKR founding partner Henry Kravis; the Band of Angels; and the industrial design firm Ammunition Group. Ryan Howard, founder and chief executive of iBeat, previously was founder and chief executive of Practice Fusion.

David Dubick

DFJ Growth adds Dubick as principal

DFJ Growth, which is in registration to raise $500 million for its latest fund, has added David Dubick as a principal. For the past two years, Dubick has worked with early-stage technology companies at Lightspeed Venture Partners, where he was a senior associate and sourced or managed investments in CloudPassage, Docker, Dremio, Handshake, Parsable, CloudBees, Velo3D, SnapRoute, and Barefoot Networks, according to a blog post by DFJ Partner Randy Glein.