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, 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 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.
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.
Karma Ventures has raised 40 million euros (about $45 million) for its Luxembourg-based debut fund that targets European startups. The pool’s investors include Ambient Sound Investments and the Baltic Innovation Fund.
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.
Strattam Capital has named Ray Villareal as an operating partner. Previously, Villareal was vice president of the Americas and general manager of global services at LifeSize, a division of Logitech.
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.
Doug Pepper has joined Shasta Ventures as a managing director. Previously, Pepper worked at InterWest Partners.
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.
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.
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.
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.
Healthcare payment solution SwervePay has closed $10 million in Series B funding. Garland Capital Group led the round.
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.
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 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 Energy’s Advanced Research Projects Agency-Energy and prior to that, was an executive in residence with Kleiner Perkins Caufield and Byers.
Philadelphia-based MissionOG has closed its first venture fund at $35 million. The firm focuses on early and growth-stage B2B companies.