FairMarkIt snaps up funding

By Iris Dorbian — 5 hours ago

Boston-based FairMarkIT, a tail spend management firm, has secured an undisclosed amount of funding. The investors included NewFund Capital, NewStack Ventures, MassVentures and VT Technology Ventures.

Continue

Phenom People inks $22 mln Series B

By Iris Dorbian — 7 hours ago

Phenom People, a talent relationship marketing platform, has raised $22 million in Series B funding. AXA Venture Partners led the round with participation from Sierra Ventures, Sigma Prime Ventures and Omidyar Ventures.

Continue

Brii Biosciences racks up $260 mln

By Iris Dorbian — 8 hours ago

Brii Biosciences, which is focused on improving public health in China, has raised $260 million in funding. The investors include ARCH Venture Partners, 6 Dimensions Capital, Boyu Capital, Yunfeng Capital, Sequoia Capital and Blue Pool Capital.

Continue

Conga gathers $47 mln

By Iris Dorbian — 11 hours ago

Colorado-based Conga, a provider of intelligent document automation solutions, has secured $47 million in funding. Insight Venture Partners and Salesforce Ventures led the round.

Continue

Mancini to retire from Carlyle Power Partners

By Luisa Beltran — 12 hours ago

Robert Mancini is retiring from Carlyle Group as of June 30. Mancini joined the firm in 2012 and is currently a managing director, partner and co-head of Carlyle Power Partners. He is staying on at the firm until the end of the year as a senior adviser. He was previously a managing director at Goldman Sachs. Mancini, 60, raised two funds to invest in the North American power generation sector at Carlyle. In 2013, Carlyle Power Partners I collected an aggregate $900 million in capital, which included co-investments, new products and an existing fund. Fund II closed on $1.5 billion in 2016. While he is retiring from Carlyle, Mancini said he’ll likely do something else. “I’d like to do something in the investment world that is different than investing in the U.S. power space,” he said. Carlyle declined comment.

Continue

Design workflow system Abtract pulls in $16 mln Series B

By Iris Dorbian — 12 hours ago

Abstract, a design workflow system, has secured $16 million in Series B funding. Scale Venture Partners led the round with participation from return backers Amplify Partners and Cowboy Ventures. As part of this financing, Stacey Bishop, a partner at ScaleVP, will be joining Abstract’s board.

Continue

Reltio scores $45 mln Series D in NEA-led round

By Iris Dorbian — 13 hours ago

Redwood Shores, California-based Reltio, a provider of a self-learning data platform, has raised $45 million in Series D funding. New Enterprise Associates led the round with participation from return backers Crosslink Capital, .406 Ventures and Sapphire Ventures.

Continue