VC-backed PhaseBio goes public

By Iris Dorbian — 2 days ago

Pennsylvania-based PhaseBio Pharmaceuticals, a developer of treatments for orphan diseases, has raised $46 million for its IPO after pricing its 9.2 million shares at $5 per share. The stock began trading October 18, 2018 on the NASDAQ under the ticker symbol “PHAS.” Citigroup, Cowen and Stifel are the lead underwriters. PhaseBio’s pre-IPO backers included New Enterprise Associates, Hatteras Venture Partners, Johnson & Johnson and Fletcher Spaght Ventures.

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Mrs. Wordsmith attracts $11 mln Series A

By Iris Dorbian — 2 days ago

Mrs Wordsmith, a provider of illustrated and animated word products, has raised $11 million in Series A funding. Trustbridge Partners led the round with participation from other investors that included Reach Capital and Kindred Venture Capital.

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Vacasa picks up $64 mln

By Iris Dorbian — 2 days ago

Vacasa, the vacation rental management company, has secured $64 million in funding. Riverwood Capital led the round with participation from return backers Level Equity, NewSpring and Assurant Growth Investing.

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KPN Ventures funds Cujo AI

By Iris Dorbian — 2 days ago

Cujo AI, a next-gen artificial intelligence company, has secured funding from KPN Ventures, the venture capital investment arm of KPN. No financial terms were disclosed.

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FundGuard nabs $4 mln

By Iris Dorbian — 2 days ago

New York and Tel Aviv-based FundGuard, a cloud-based, AI-powered investment funds operating system, has raised $4 million in funding. Blumberg Capital and LionBird led the round.

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ProducePay inks $14 mln Series B

By Iris Dorbian — 2 days ago

Los Angeles-based ProducePay, which provides fresh produce farmers with financial resources, tech tools and data insights, has secured $14 million in Series B funding. Anterra Capital led the round with participation from Rabo Frontier Ventures, Coventure, Social Leverage, FJ Labs, Greenhouse Capital, Moonshots Capital and Tribeca Angels.

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Team8 taps ex-NSA director for board of advisors

By Iris Dorbian — 2 days ago

Team8, a cybersecurity think tank and company creation platform, has named Mike Rogers to its board of advisors. A former U.S. Navy admiral, Roger is the former ex-director of the National Security Agency and ex-chief of the Central Security Service. Team8’s backers include Eric Schmidt’s Innovation Endeavors.

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Fourpost ropes in $5 mln

By Iris Dorbian — 2 days ago

New York City-based Fourpost, a “new retail concept,” has raised $5 million in funding. Fourpost’s investors include Susa Ventures, Collaborative Ventures, Blumberg Capital, Ludlow Ventures, Supernode Ventures, T5 Capital, Accelerator Ventures, Social Capital and Hersz Capital.

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SafeTraces attracts $10 mln

By Iris Dorbian — 2 days ago

Pleasanton, California-based SafeTraces Inc, a provider of on-food safety solution, has raised $10 million in funding. S2G Ventures and Bunge Ventures led the round.

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