Dropbox employee Fushman joins Index

Index Ventures has named Ilya Fushman a general partner. Fushman, who was head of product, business and mobile at the file storage company, was one of the first 75 employees at Dropbox, which is a portfolio company of Index. He had been with Dropbox since 2011.


Cloud communications company Switch raises $35 mln

San Francisco-based Switch Communications announced it has raised a $35 million Series C round of funding. Amasia Associates of Singapore led the round, which included Felicis Ventures, SoftBank, Work-Bench Ventures and previous investors Andreessen Horowitz and Google Ventures. Switch Communications, formerly known as Firespotter Labs, previously raised $18 million in funding. The company provides a cloud-based business phone system.

Bessemer, Salesforce back mobile conference call provider Speakeasy

San Francisco-based Speakeasy, a provider of mobile conference call software, announced it has closed a $4.75 million Series A round of funding from Bessemer Venture Partners and Salesforce Ventures. The company previously raised $1 million in seed funding entirely from Bessemer. Angel investor Kenny Van Zant has joined the board as an independent advisor. Built off of the Twilio platform, Speakeasy is announcing its product and funding launch today at the Twilio Signal Conference.

Charles Birnbaum-web version

Birnbaum to lead NY office for Bessemer

Bessemer Venture Partners announced it has promoted Charles Birnbaum to vice president. Bessemer, which in February wrapped up its ninth fund with $1.6 billion in commitments, said Birnbaum will help lead the firm’s New York office. Birnbaum joined Bessemer in 2013. He focuses on financial services, education, Internet of Things and consumer Internet sectors. His investments include August Home, Quantopian, OMsignal, Abacus, BrightBytes and Main Street Hub.


Threat detection startup Cyber adAPT raises $4.1 mln

Cyber adAPT, a provider of real-time network-based threat detection, announced its launch and that it has raised a $4.1 million Series A round. Investors include Alvin Fund, Granite Point Capital Partners, Griffin Fund II and Fundamental Capital Management.


Perkins to retire from Fisher Lynch Capital

Georganne Perkins, managing director of Fisher Lynch Capital, told Women’s PE Briefs that she is retiring from her role at the fund of funds and will likely become a senior advisor. Perkins told the publication that she is in the process of phasing out from her responsibilities and now is “good transition point,” considering the firm’s current vehicle is fully committed.


BootstrapLabs leads Trusted Insight’s Series A round

BootstrapLabs told peHUB that it it has invested in the $2.5 million first close of a $5 million targeted Series A funding round of Trusted Insight. The New York-based company provides a platform to connect LPs with GPs, much like AngelList connects entrepreneurs with investors. San Francisco-based BootstrapLabs is an investor in AngelList, along with Prezi, Zerply and other startups.


Bessemer leads $9 mln funding of Pipedrive

Pipedrive, a San Francisco-based provider of cloud CRM software, raised a $9 million Series A round led by Bessemer Venture Partners. Paua Ventures also participated in the round, along with existing investors Rembrandt Venture Partners and AngelPad, the latter of which incubated the company in 2012. Alex Ferrara, a partner at Bessemer Venture Partners, has joined the board as a result of the funding. Pipedrive previously raised $4.4 million in seed funding from Rembrandt, AngelPad, Monashees Capital, Storm Ventures, TMT Investments and angel investors


Lightspeed leads funding for marketing software developer Percolate

New  York-based Percolate, which provides a marketing software platform, announced it has raised a $40 million Series C round of funding led by Lightspeed Venture Partners. Existing investors Sequoia Capital, GGV Capital, First Round Capital and Lerer Hippeau Ventures also participated in the round. The company, founded in 2011, has now raised $74.5 million in total venture funding.


Redpoint closes Fund VI at $400 mln–Updated

Redpoint Ventures announced on its blog that it has closed its sixth fund with $400 million in commitments. Fund VI is the same size as its previous vehicle, which closed in 2013. Partner Satish Dharmaraj writes in the blog post that the fund will focus on seed, Series A and Seris B rounds in consumer and enterprise companies.


Actiance raises $28 mln in late-stage funding

Actiance, a provider of enterprise communications, announced it has raised $28 million in a late-stage growth investment. New investor Golub Capital joined existing investors Credit Suisse NEXT Investors, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures. The Redwood City, Calif.-based company, formerly known as FaceTime Communications, raised a $15.6 million venture round in 2007.


Aspect, DBL, QED invest in millennial-focused job search site The Muse

New York-based The Muse, provider of a career and jobs search site targeted to millennials, announced it has raised $10 million in Series A funding from Aspect Ventures, DBL Partners and QED Investors. Theresia Gouw from Aspect and Nancy Pfund from DBL are joining the board as a result of the fund. Caribou Honig from QED is joining as a board observer. The company, which targets millennials and has grown to 3 million users per month through word-of-mouth, previously raised $2.8 million in funding, including a $1.3 million debt round in 2012 and $1.5 million seed funding in 2013. Co-founder and CEO Kathryn Minshew told peHUB that the company employs 33 fulltime people in New York and is looking to add 25 over the next several months. 


Cyber security vet Art Coviello joins Rally Ventures

Rally Ventures announced that cyber security industry veteran Art Coviello has joined the firm as venture partner. At Rally, which has offices in Menlo Park, Calif., and Minnetonka, Minn., Coviello will focus on enterprise security companies. Coviello, who was most recently executive chairman of RSA, the security division of EMC, has been a member of Rally’s Tech Partners program since the firm was founded in 2013.


Edtech company Knod announces funding

Knod, a Salt Lake City-based startup that collaborates with companies to provide education and real world experience to students, announced it has raised $6.2 million in total funding via two rounds. Investors include Epic Ventures, which participated in the two previously undisclosed rounds, and Impact Investment Leaders. Kent Madsen, managing director at Epic, serves on the Knod board.


Security startup Twistlock emerges from stealth, announces seed funding

Twistlock, a provider of enterprise security services, announced it has raised $2.5 million in seed funding led by YL Ventures. Twistlock, which has offices in San Francisco and Tel-Aviv, Israel, was co-founded in January 2015 by Ben Bernstein and Dima Stopel. As part of the funding, Yoav Leitersdorf, managing partner for YL Ventures, has joined the board.


Fintech startup Digit raises $11.3 mln, General Catalyst leads

Digit, a San Francisco-based provider of an automated savings tool for consumers, announced it has raised a $11.3 million Series A round. General Catalyst Partners led the round, which included existing investors Baseline Ventures and Google Ventures. Hans Morris, former president of Visa, and other individual investors also participated in the funding. The company has now raised $13.8 million in total funding.

Wonder Workshop co-founders (left to right) Mikal Greaves, Vikas Gupta and Saurabh Gupta.

Edtech company Wonder Workshop raises $6.9 mln from WI Harper, Madrona, CRV

San Mateo, Calif.-based Wonder Workshop, which has developed programmable robots and other technology to help teach children to code, announced it has raised $6.9 million in Series A-1 funding. New investor WI Harper Group joined the round, along with existing investors Madrona Venture Group, CRV, Maven Ventures, Bright Success Capital and individuals. The company, formerly called Play-i, […]

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