PE HUB Second Opinion

In Second Opinion, Janet Yellen gets more cautious about the U.S. economy, Burger King will start selling hot dogs and Skype is partnering up with Sir Paul McCartney to launch 10 Valentine’s Day “mojis.”


Yumanity Therapeutics snags $45 mln Series A

Yumanity Therapeutics, a drug developer focused on diseases caused by protein misfolding, has raised $45 million in Series A funding. Fidelity Management & Research Company led the round with participation from Redmile Group, Alexandria Venture Investments, Biogen, Sanofi-Genzyme BioVentures and Dolby Family Ventures. 


ARMO BioSciences fetches $50 mln Series C

ARMO BioSciences has closed $50 million in Series C funding. The investors included Kleiner Perkins Caufield & Byers, OrbiMed, DAG Ventures, NanoDimension, HBM Healthcare Investments, GV (formerly Google Ventures), Celgene Corporation, Industrial Investors Group and certain private investment funds advised by Clough Capital Partners LP. Based in Redwood City, Calif., ARMO BioSciences develops immunotherapies that treat cancer, fibrosis, hypercholesterolemia/atherosclerosis and inflammatory diseases.


PE-owned US Foods files for IPO

Rosemont, Illinois-based US Foods, a food service distributor serving chefs and food service operators, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. US Foods is owned by Clayton, Dubilier & Rice and KKR.


SchoolMint nabs $5.6 mln

San Francisco-based SchoolMint, a provider of mobile and online enrollment and school choice systems for PreK-12 public, charter and private schools, has secured $5.6 million in funding. Runa Capital led the round with participation from other investors that included Reach Capital (New Schools), Fresco Capital, Govtech Fund, Kapor Capital, Crosslink Capital, Maiden Lane Ventures and CSC Upshot. In addition to the funding, Andre Bliznyuk of Runa Capital has been added to SchoolMint’s board.

Sunverge Energy racks up $36.5 mln Series C

San Francisco-based Sunverge Energy, a provider of intelligent storage and distributed energy resource management, has raised $36.5 million in Series C financing. The investors were AGL Energy Ltd, the Australian Renewable Energy Agency, SBCVC, Siemens Venture Capital and Total Energy Ventures International. In conjunction with the funding, AGL’s Andy Vesey and Alistair Preston have been added to Sunverge’s board of directors.


Latch grabs $10.5 mln in Lux Capital-led round

New York City-based Latch, a universal smart access system for businesses, consumers and hospitality users, has secured $10.5 million in Series A funding. Lux Capital led the round with participation from other investors that included Primary Venture Partners, Corigin Venture Partners, Camber Creek, Expansion Ventures and PCH.


Hexadite picks up $8 mln Series A

Boston-based cyber security company Hexadite has raised $8 million in Series A funding. The investors were Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures. In addition to the funding, Mark Hatfield, co-founder and general partner at Ten Eleven Ventures, has been named to Hexadite’s board of directors.


PE HUB First Read

First Read kicks off the midweek with news that Donald Trump and Bernie Sanders win the New Hampshire primary, Staples gets EU approval for its $6.3 billion Office Depot acquisition and Facebook board member Marc Andreessen offends India with colonialism tweets.


PE HUB Second Opinion

In Second Opinion, President Obama proposes a $4.1 trillion budget, Daimler recalls 840,000 vehicles with potential airbag defects and hecklers attempt to exorcise Ted Cruz’s demons.


Digital Shadows grabs $14 mln Series B

London and San Francisco-based Digital Shadows, a provider of “cyber situational awareness,” has raised $14 million in Series B funding. Trinity Ventures led the round with participation from Storm Ventures, TenEleven Ventures, Passion Capital and Paladin Capital Group. In addition to the funding, Fred Wang, a general partner at Trinity Ventures, has been added to Digital Shadows’ board of directors.


Trifacta scores $35 mln

San Francisco-based Trifacta, a provider of data wrangling solutions, has secured $35 million in funding. The investors were Accel Partners, Greylock Partners, Ignition Partners and Cathay Innovation.


Enbala adds ex-KPCB EIR to board

Enbala Power Networks, a Canadian provider of solutions for distributed energy resource management, has added Dr. Cheryl Martin to its board of directors. Martin is a principal at Harwich Partners. She is also the the former acting director of the U.S. Department of Energys Advanced Research Projects Agency-Energy and prior to that, was an executive in residence with Kleiner Perkins Caufield and Byers.