IVP General Partner Sandy Miller has reason to express optimism about exit trends. In the past 18 months, his firm has had four unicorn IPOs from its portfolio (Dropbox, Yext, MuleSoft and Snap) and in the same period is about to realize its eighth M&A transaction. “The VC industry has had a terrific first half […]
Rockville, Maryland-based CloudBolt Software Inc, which is developing a self-service hybrid cloud platform, announced it has raised a $23 million in Series A funding. The funding was led by Insight Venture Partners.
Berkeley, California-based Finless Foods, which uses cellular biology to make lab-grown seafood, raised a $3.5 million funding round led by Draper Associates. Other investors in the round include Softmatter VC, Starlight, U-Start Club, Blue Horizon, Hemisphere Ventures, Babel Ventures, Yakumi Investment, Olive Tree Capital and Harrison Blue Ventures. The company, founded last year by biochemists Michael Selden and Bryan Wyrwas, previously raised early funding from the San Francisco accelerator IndieBio and Hatch, a Norwegian aquaculture accelerator. Finless has also received investment from Hi-Food, an Italian company founded by food scientists.
Los Angeles-based Scratchpay Financial, which provides financial services for the veterinary care industry, announced it has raised $6.4 million in Series A funding. The Companion Fund, a pet care-focused fund launched this year by Mars Petcare, led the round. TTV Capital, Struck Capital and SWS Venture Capital also participated in the round. Scratchpay was founded in 2016 by John Keatley and Caleb Morse.
Mercury Fund, an early-stage investor that backs startups in the middle of the United States, is seeking to raise $125 million for its fourth fund, according to a regulatory filing. The firm was formerly known as DFJ Mercury, but rebranded in 2012 before raising $105 million for its third fund, which closed in 2013.
San Francisco-based Peek, which develops software for tour operators and travel activity providers, has raised $23 million in Series B funding round, the company said. Cathay Innovation, the venture fund of private equity firm Cathay Capital, led the round.Other investors include Kayak co-founder Paul English. Peek, founded in 2012 by Ruzwana Bashir and Oskar Bruening, has now raised about $40 million in total financing and is using the latest backing to expand to Europe and China.
Buyouts Insider, publisher of VCJ, took home nine awards from the Specialized Information Publishers Association 41st annual conference on June 6, including four editorial-writing awards for VCJ. VCJ Senior Editor Mark Boslet won first place in the category Best Interpretative or Analytical Reporting: Financial/Investing for his piece on private equity targeting venture capital. The December […]
San Francisco-based Benchling, provider of a data management and collaboration platform for life sciences research, announced it has raised a $14.5 million Series B round of funding. Benchmark led the financing and General Partner Eric Vishria will join the company board. Also joining the round are F-Prime Capital, which is a firm associated with Fidelity Investments, and returning investor Thrive Capital. The company has now raised more than $27 million since it was founded in 2012.
Palo Alto, California-based Eleven Ventures is seeking to raise $20 million, according to a regulatory filing. the early-stage firm, launched last year by serial entrepreneurs Michael Howse and Greg Ballard, seeks to invest in consumer and enabling tech startups in VR/AR, digital gaming and e-sports.
Primary Venture Partners, a New York-focused seed investor that has realized exits with Jet.com and Ticketfly, among others, wrapped up its sophomore fund with $100 million in commitments. Primary, formerly High Peaks Venture Partners, raised $60 million for its debut in 2015. Co-Founder and General Partner Ben Sun said LPs include New York State Common […]
St. Louis-based Jane.ai officially launched today and announced it has raised $8.4 million in Series A funding from a Midwest network of private and angel investors. The company, founded by former Answers.com CEO David Karandish, aims to develop an AI-based platform to increase workplace productivity. The company was founded in early 2017.
Govtech Fund has wrapped up its second fund with $25 million in commitments, virtually the same size as its 2014 inaugural effort. But unlike the first fund, the second one was an easier sell to LPs. Founder and Managing Partner Ron Bouganim said raising for Fund I required meeting more than 150 prospective LPs and […]
Lehi, Utah-based Podium, provider of a customer communication platform for local businesses, announced it has raised a $60 million Series B round of funding. IVP led the round, which include participation from Accel, Summit Partners, GV and Y Combinator. The company, which launched in 2014, previously raised about $33 million in funding.
Ra’anana, Israel-based data management company DocAuthority announced it has raised $10 million in Series A funding. Raine Ventures led the round, which included Greycroft, ff Venture Capital, Differential VC, as well as 2B Angels and Plus Ventures in Israel. The company was founded by Ariel Peled and Itay Reved in 2013.
Priti Youssef Choksi has joined the consumer internet investment team at Norwest Venture Partners as a partner. Choksi joins Norwest from Facebook where she spent nine years in various executive roles, including leading the company’s M&A efforts. Prior to Facebook, she spent six years at Google in strategic partnership roles.
Seattle-based Qumulo, of enterprise file storage technology, announced it has raised $93 million in Series D funding. The oversubscribed round was led by funds managed by BlackRock Private Equity Partners. Goldman Sachs and Western Digital also participated. In addition, all major existing investors, including Highland Capital Partners, Kleiner Perkins Caufield & Byers, Madrona Venture Group and Valhalla Partners also participated in the round. The company, founded in 2012, has now raised $223 million, according to the company.
EQT Ventures in May held a launch party in at 111 Minna Gallery in San Francisco to showcase its portfolio companies. The event coincided with the one-year work anniversary of Alastair Mitchell, who joined the Swedish fund as its fourth partner, focused on B2B SaaS. Based out of the San Francisco office, Mitchell helped set […]
Sunnyvale, California-based Druva, a provider of cloud data protection services, announced it has acquired CloudRanger for an undisclosed price. With offices in Chicago and Ireland, CloudRanger provides backup and disaster recovery services for AWS and was backed by Enterprise Ireland. Druva is also VC-backed, having raised about $200 million from Sequoia Capital, Tenaya Capital and other investors.