Insight Venture Partners leads funding in Smartsheet

Bellevue, Washington-based Smartsheet, a provider of a SaaS platform for automating collaborative work, announced it raised $52.1 million in Series F funding. Insight Venture Partners led the round, which included previous backers Madrona Venture Group and Sutter Hill Ventures. New investor Summit Partners also participated in the round. Smartsheet has now raised more than $120 million in funding.

PolicyGenius raises $30 mln led by Norwest

New York-based PolicyGenius, which provides a consumer insurance platform, has closed a $30 million Series C round of funding. Norwest Venture Partners led the round, which included Revolution Ventures, Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures, MassMutual Ventures and Fika Ventures. The company, co-founded in 2014 by CEO Jennifer Fitzgerald, has now raised $52 million in total funding. As part of the latest round, Norwest Partner Parker Barrile has joined the board.

Balderton leads funding in Frontier Auto Group

Berlin-based Frontier Auto Group, which operates online marketplaces for the used auto sector in emerging markets, announced it has raised $22 million in funding. Balderton Capital led the round, which also included New Enterprise Associates, TPG/Satya Capital, EchoVC, Partech Ventures and a few large global family offices. The company said it will use the funds to grow in Mexico, Chile, Turkey, Nigeria and Pakistan.


Montage Ventures seeks $37.5 million

Palo Alto, California-based Montage Ventures is seeking to raise $37.5 million for its second fund, according to a regulatory filing. The firm invests in financial services, e-commerce, marketplaces and healthcare startups. Montage is led by Managing Partner Todd Kimmel, a former partner with Mayfield and a onetime principal with Advanced Technology Ventures.


Prezi buys data visualization company Infogram for its first acquisition

Venture-backed Prezi, a provider of a visual presentation platform, announced its first acquisition with the purchase of Infogram, a data visualization company from Latvia. Financial terms were not disclosed. San Francisco-based Prezi, founded in 2009, has raised more than $70 million to date from Accel Partners, Spectrum Equity, TED Conferences and Sunstone Capital. Infogram is also VC-backed, having raised more than $1.8 million in capital from Point Nine Capital, Connect Ventures and HackFwd GmbH, according to Thomson Reuters.


Mode raises $13 mln led by REV Venture Partners

San Francisco-based Mode, a provider of an analytics platform, announced it has raised $13 million in Series B funding led by REV Venture Partners in London. Also participating in the round was Foundation Capital, which led Mode’s Series A, and Goldcrest. As part of the latest funding, Kevin Brown, founder partner at REV, has joined the company board.

Security company Mocana raises $11 mln

San Francisco-based Mocana Corp, a provider of IoT security solutions, announced it has raised $11 million in funding from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures. The company has now raised $93.6 million in total financing.


AngelList launches Angel Funds

AngelList, which operates an investment syndicate and helps job seekers find employment at startups, announced today it was launching Angel Funds to help angels start venture funds without the overhead. Venture firm Maiden Lane, an AngelList backer, has committed $35 million to help back angel funds. AngelList co-founder Babak Nivi wrote in a blog post that Angel Funds will provide the infrastructure and capital.

VR vision company raises $2.2 mln led by Jeff Clavier

San Francisco-based Vivid Vision, a developer of virtual reality technologies to treat bincoular vision problems, has raised $2.2 million in seed funding. SoftTech VC’s Jeff Clavier led the funding round, which also included the Venture Reality Fund, CRCM Ventures, SOS Ventures, Anorak Ventures and Liquid 2 Ventures, a seed-stage venture firm co-founded by Hall of Fame NFL quarterback Joe Montana. The company was founded in 2014 by Chief Executive James Blaha, a programmer and lifelong sufferer of lazy eye.

March Capital, GE Ventures invest in IoTium

Santa Clara, California-based IoTium, developer of secure network infrastructure, announced that it has raised $8.39 million in a Series A round of funding led by March Capital Partners and GE Ventures. Investors in the round also included Pankaj Patel, former executive vice president and chief development officer at Cisco Systems; OpenSource Ventures; and Juniper Networks.

Impulse VC backs facial recognition provider

Moscow-based NtechLab, a provider of facial recognition technology, announced it has raised $1.5 million in a funding round led by Impulse VC. NtechLab focuses on such businesses as customs, security and law enforcement. Impulse, founded in 2013 by the Russian billionaire Roman Abramovich, invests in U.S., U.K. and Russian companies.


Scott Kupor named chair of the NVCA board

Scott Kupor was named chair of the National Venture Capital Association board for the 2017-18 period, the organization announced at its annual meeting in Washington. Kupor, a managing partner at Andreessen Horowitz, succeeds Venky Ganesan, a managing director at Menlo Ventures. The NVCA also named Alexis Borisy, partner at Third Rock Ventures, as chair-elect for 2018-19.


Cockroach raises $27 mln in Series B

New York-based Cockroach Labs, a provider of open source infrastructure solutions, has raised $27 million in Series B funding from Redpoint Ventures, GV, Benchmark, Index Ventures and FirstMark Capital. The company previously raised $26.5 million in funding. As part of the latest round, Redpoint General Partner Satish Dharamaj has joined the board.


Meditation platform Simple Habit raises $2.5 mln in seed funding

San Francisco-based Simple Habit, a provider of a meditation platform offering 5-minute teachings, announced a $2.5 million seed-stage funding round from New Enterprise Associates, Fabrice Grinda‘s FJ Labs, Foundation Capital and founders of Dropbox and Gusto. The company, which was in a recent Y Combinator class, was founded by Chief Executive Yunha Kim. Kim was previously the co-founder and CEO of VC-backed Locket, a developer of an Android lock screen app that was purchased by Wish in 2015.