New York-based Imaginary Ventures is seeking $100 million for its debut, according to a regulatory filing. The firm will reportedly invest in the e-commerce space, including retail, fashion, lifestyle and beauty. The firm is led by Natalie Massenet, who in 2015 resigned from luxury e-tailer Net-A-Porter that she founded, and Nick Brown, who most recently was a partner at 14W Venture Partners in New York.
Portland, Oregon-based Torch 3D, provider of an augmented and virtual reality prototyping platform, has raised $3.5 million in an initial seed round led by the Venture Reality Fund and Silicon Valley Data Capital. Additional investors include Seven Peaks Ventures, GVR Fund, Presence Capital, Antipodean Ventures, Jerome Capital and TWB Investment Partnership. Torch 3D was founded in January 2017 by Paul Reynolds and Josh Faust, who previously led Magic Leap’s SDK and Applications efforts, along with veteran cloud and infrastructure entrepreneur Antony Falco. The financing will be used to complete its beta offering for public release and expand its team.
LimeBike, which operates a fleet of lime-green colored bicycles that connect to an app to track their location and collect mobile payments from users, announced today it raised a $50 million Series B round of financing led by Coatue Management. The San Mateo, California-based company is using the funding to expand and maintain its bike-sharing […]
San Mateo, California-based LimeBike, provider of a dockless bike-sharing service, announced it has raised a $50 million Series B round of funding. Coatue Management led the round, which also included GGV Capital, Franklin Templeton Investments, Section 32, AME Cloud Ventures and the Stanford-StartX Fund, as well as previous investors Andreessen Horowitz and DCM Ventures. As part of the funding, Coatue Partner Thomas Laffont has joined the board of directors. LimeBike has now raised $62 million in total funding.
Ben Narasin updated his LinkedIn profile this week for the second time since the summer as New Enterprise Associates named him a venture partner. He’s been tapped to help invest the firm’s new $3.3 billion fund, telling VCJ he will spend 80 percent of his time on seed and Series A investments and 20 percent […]
San Francisco-based Creative Market, provider of an online marketplace for designers and independent artists, announced it has raised $7 million in Series A funding. Accomplice led the round, which included Palm Drive Capital and angel investors Patrick Lor, Don Parker and Gabriel Hammond. The financing completes the company’s spin out from Autodesk, three years after the acquisition. Autodesk will retain a minority stake in the company.
Boston-based SidelineSwap, provider of an online marketplace for sports gear and equipment, said it has raised $2 million in a seed extension. Investors include Global Founders Capital, Haystack Partners, Riverpark Ventures and Fullstack Sports Ventures. Other investor sin the round include former Etsy CEO of Maria Thomas and The Players’ Impact, a group of Olympians and professional athletes. The company has now raised about $4 million in total funding.
San Mateo, California-based Brilliant, provider of smart home automation products, said it raised $21 million in a Series A round of funding. August Capital led the round, which included Miramar Ventures, The Box Group and the Stanford-StartX Fund. As part of the investment, August Capital General Partner David Hornik has joined the board.
The Netherlands-based Withlocals, provider of a marketplace for personalized travel experiences, announced it has raised $4.1 million in Series A funding. Inkef Capital led the round. Part of the funding will be used for expansion, including in New York and San Francisco. Founded in 2013, about 40 percent of Withlocals’ bookings are from North America. “The fact that Withlocals is an online marketplace means that the business model is extremely scalable from an internationalization point of view and it is rather straightforward to actually target the American travelers,” said Kyang Yung, a director at Inkef Capital.
San Francisco-based Ascendify, provider or a talent acquisition platform, has raised $11 million in a Series A round led by Canaan Partners. GE Ventures and Cisco Investments, who were customers of Ascendify prior to investing, also participated in the financing. As part of the funding, Deepak Kamra, general partner at Canaan, has joined the board.
This week, Roofstock announced it raised $35 million in Series C funding. The Oakland, California, company, previously DwellConnect, offers an online marketplace for buying and selling single-family rental homes. In a nutshell, Roofstock lets tenants stay in properties while landlords change hands. But what caught my eye is the investor list. Existing investors Lightspeed Venture Partners, […]
Miami, Florida-based Home61, provider of a real estate platform that streamlines the home buying and renting process, announced it has raised $4 million in seed-stage funding. Investors include FF Angel, which is the early-stage investment vehicle of Founders Fund, and FJ Labs. The company has now raised $5.3 million in total funding. The company was […]
San Mateo, California-based Farmstead, an artificial intelligence-powered digital that delivers local food, announced it has raised $2.8 million in seed-stage funding from Resolute Ventures, Social Capital, Y Combinator and Liquid 2 Ventures, the venture firm of NFL Hall of Famer Joe Montana.
Palo Alto, California-based Reach Capital, which focuses on edtech startups, is seeking to raise $75 million for its second fund, according to a regulatory filing. The firm, founded in 2015, is made-up of former teachers, entrepreneurs and product managers. General partners listed in the regulator document are Jennifer Carolan, Wayee Chu, Shauntel Poulson and Esteban Sosnik.
Oakland-based Roofstock, a provider of an online real estate marketplace for single-family rental homes, announced it has raised $35 million in a Series C round of funding led by Canvas Ventures. Existing investors Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures, Nyca Partners, QED Investors and FJ Labs also participated in the round. The company, formerly known as DwellConnect, had previously raised about $33 million in funding, including a $20 million Series B round late last year.
Social Capital has added Sandhya Venkatachalam as a partner focused on its growth equity investing. Previously, she was a co-founding partner at investment adviser firm Centerview Capital Technology. And she previously led Skype‘s advertising and monetization before and after its sale to Microsoft, according to her LinkedIn profile.
Wing Venture Capital Partner Martin Giles, who joined the Menlo Park, California-based firm in early 2015 to develop its intellectual capital, announced on his LinkedIn profile that he is heading back to his first love of journalism. Giles said he is going to be the San Francisco Bureau Chief of the MIT Technology Review beginning in November. Before joining Wing, Giles, was a tech writer with The Economist
Two GPs, each with a product background, have teamed up to form the latest new fund focused on pre-seed investing. Afore Capital said Oct. 2 that it raised $47 million in commitments, about 18 percent more than the $40 million it was targeting. The San Francisco firm is led by Anamitra Banerji, formerly a partner at […]