Driving technology company Navdy has closed $6.5 million in seed round funding led by Upfront Ventures. Other investors include Ludlow Ventures, Lightbank, Promus Ventures, MESA+ I, Eniac Ventures, Wareness.io, et al.
Orchid Underwriters, an underwriter of property insurance focusing on coastal properties, has secured backing from Gryphon Investors. CEO Michael Ray and president Brad Emmons have retained a significant ownership position in the company and will continue to lead Orchid after the closing of the transaction. Terms of the deal were not disclosed.
Biotechnology company Visterra has completed a $30 million Series B financing round. The round was co-led by new Visterra investors Merck Research Labs Venture Fund, Vertex Venture Holdings and Temasek. Existing investors Polaris Partners, Flagship Ventures, Omega Funds and Alexandria Venture Investments and a new investor Cycad Group also participated.
Semafone, a UK business specialising in fraud prevention software has secured growth capital investment from Business Growth Fund, Octopus Investments and other existing shareholders. BGF has taken a minority stake and BGF investment director Alistair Brew has been appointed to the board with investment manager Will Gresty joining as observer to the board.