IVP leads $50 mln funding of Compass

New York-based Compass, a provider of a real estate platform to buy and sell homes, has raised a $50 million round of funding led by Institutional Venture Partners. Also taking part in the round are existing investors Thrive Capital, Founders Fund, 406 Ventures, Advance Publications and individuals Kenneth Chenault (CEO of American Express) and Marc Benioff (CEO of Salesforce.com). The company has now raised $123 million in total funding, including a $40 million Series B round in July 2014.


.406 Ventures collects $217 mln for third fund

Boston-based venture firm .406 Ventures has raised $217 million for its oversubscribed third fund. Also, the firm has named Payal Agrawal Divakaran as a senior associate. .406 Ventures invests in early-stage tech companies.


Axial Healthcare grabs $8 mln

Nashville-based pain care solutions provider Axial Healthcare Inc has secured $8 million in Series A funding. The lead investor was .406 Ventures. Return backers BlueCross BlueShield Venture Partners and Sandbox Industries also participated in the round.


AbilTo nets $12 mln in HLM-led round

New York City-based behavioral change programs provider AbilTo has secured $12 million in Series C funding. HLM Venture Partners led the round with participation from previous backers BlueCross BlueShield Venture Partners, .406 Ventures and Sandbox Industries. In conjunction with the financing, HLM’s Yumin Choi has been added to AbilTo’s board of directors.


Reltio raises $10 mln from Crosslink and .406

Reltio, a Data-as-a-Service provider, has raised a $10 million Series A round of funding from Crosslink Capital and .406 Ventures. The Palo Alto, Calif.-based company previously raised $1 million form angel investors. As a result of the Series A round, Jim Feuille, general partner of Crosslink Capital, has joined the board.


Revmetrix nets $2.2 mln seed

Arlington, Virginia-based Revmetrix, a provider of omnichannel customer intelligence for retailers, has closed $2.2 million in seed funding. Genacast Ventures and .406 Ventures led the round.


MineralTree picks up $11.1 mln

Cambridge, Massachusetts-based MineralTree, a provider of accounts payable and payment automation solutions for growing companies, has raised $11.1 million in Series B funding. First Data led the round with participation from return backers .406 Ventures and Fidelity Growth Partners. In addition to the funding, Andrew Gelb of First Data has been added to MineralTree’s board of directors.


Iora Health picks up $28 mln

Cambridge, Massachusetts-based healthcare firm Iora Health has raised $28 million in Series C funding. The investors included Foundation Medical Partners, Rice Management Company, GE Ventures, Khosla Ventures, .406 Ventures, Fidelity Biosciences and Polaris Partners.


CloudHealth Technologies snags $12 mln Series B

CloudHealth Technologies, a cloud management platform provider, has closed $12 million in Series B funding. Scale Venture Partners led the round with participation from return backers .406 Ventures and Sigma Prime Ventures. Also, Ariel Tseitlin, a partner at Scale Venture Partners, has been appointed to CloudHealth’s board of directors.


Indico snags $3 mln

Machine learning startup Indico has raised $3 million in funding. The investors included General Catalyst, .406 Ventures, Two Sigma and Boston Seed.


Artificial intelligence firm Nara Logics grabs $6 mln

Nara Logics has received $6 million in Series A-2 financing. The investors included .406 Ventures. Concurrent with the funding, Larry Begley, co-founder and managing director of .406 Ventures, has been added to Nara’s board of directors. Also, Nara has named MIT’s Dr. Mriganka Sur to its advisory board. Based in Cambridge, Mass., Nara is an artificial intelligence firm.


Real estate platform Urban Compass snags $40 mln Series B

New York City-based real estate platform Urban Compass has received $40 million in Series B funding. The investors included Thrive Capital, Founders Fund, .406 Ventures, Salesforce.com CEO Marc Benioff, American Express CEO/Chairman Kenneth Chenault and Condé Nast parent company Advance Publications. According to the firm, the capital infusion will be used for growth and expansion as well as invest more in technology.


CoPatient rakes in $3.6 mln Series A

CoPatient has closed $3.6 million in Series A funding. The lead investor was .406 Ventures. Also, athenahealth CEO Jonathan Bush and Cambia Health Solutions participated in the round. Based in Boston, CoPatient is a provider of solutions for healthcare consumers to understand and reduce their out-of-pocket expenses.

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget