129 Views

Rainforest nabs $4 mln seed

Rainforest, a quality assurance-as-a-service company, has secured $4 million in seed funding. The investors were Storm Ventures, Rincon, Andreessen Horowitz, Morado and Crosslink.

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DCM leads AnyPerk’s Series A round

AnyPerk announced it has raised $8.5 million in a Series A round that was led by DCM Ventures. Joining the round are Andreessen Horowitz; SV Angel; Y Combinator; Tony Hsieh and Zach Ware of Vegas Tech Fund; Tien Tzuo, CEO of Zuora; and Vayner RSE. As part of the funding, Osuke Honda, general partner of DCM Ventures, has joined the board. San Francisco-based AnyPerk, which helps companies of any size offer perks to its employees, previously raised $4.5 million in seed funding.

Ringly nabs $5.1 mln in Andreessen Horowitz-led round

Smart jewelry line maker Ringly has raised $5.1 million in Series A funding, the company said in a blog post on its site. Andreessen Horowitz led the round with participation from other investors that included High Line Venture Partners and Silas Capital. To read further details about the financing, visit here.

 

Andreessen Horowitz backs Stack Exchange

Stack Exchange, a network of question and answer websites, has secured $40 million in funding, the company announced in a blog post on its site. The bulk of that funding comes mostly from Andreessen Horowitz. In addition to the funding, the venture firm’s Chris Dixon will be joining Stack Exchange’s board of directors as an observer. Previous backers of Stack Exchange are Union Square Ventures, Index Ventures, Spark Capital and Bezos Expeditions. To read the announcement, visit here.

 

Distelli attracts $2.8 mln Series A

Seattle-based Distelli, a deployment platform provider for developers, has secured $2.8 million in Series A funding, the company announced in a blog post on its site. Andreessen Horowitz led the round. Also, Scott Weiss, a general partner at a16z, has been appointed to Distelli’s board of directors. To read further details about the funding, visit here.

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Drone startup Skydio pulls in $3 mln seed

According to a blog post on its site, Skydio has secured $3 million in seed funding. Andreessen Horowitz led the round with participation from Accel Partners. Based in Menlo Park, California, Skydio is a drone startup. To read more about the funding, visit here.

134 Views

Meal replacement startup Soylent cooks up $20 mln

Meal replacement startup Soylent has raised $20 million in Series A funding, it was announced on the company’s blog. Andreessen Horowitz led the round with participation from other investors that included Lerer Ventures and Index Ventures. In addition to the funding, Chris Dixon, general partner at Andreessen Horowitz, has been added to Soylent’s board. To read the post, visit here.

 

280 Views

Instacart snags $220 mln Series C

Instacart, an on-demand grocery service, has raised $220 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Comcast Ventures, Dragoneer Investment Group, Thrive Capital, Valiant Capital, Andreessen Horowitz, Khosla Ventures and Sequoia.

Facebook acquires voice recognition firm-Reuters

Facebook Inc (FB.O) acquired a company that makes voice recognition technology for wearable devices and Internet- connected appliances, the latest sign of its ambition to extend its reach beyond computers and smartphones, Reuters reported.

236 Views

Grocery delivery startup Instacart bags $210 mln

According to an SEC filing, Instacart, an on-demand grocery service, has raised $210 million in a targeted $220 million funding round. A company spokesperson declined to add further information. Last June, Instacart received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners.

 

104 Views

Analytics platform Mixpanel snags $65 mln

San Francisco-based analytics platform Mixpanel has raised $65 million in funding, the company confirmed in a blog post on its site. The investor was return backer Andreessen Horowitz, according to Crunchbase. To read the announcement, visit here.

 

358 Views

Data company Mattermark raises $6.5 mln, Feld joins board

Mattermark, which provides a data platform used by investors to track private companies, has raised a $6.5 million Series A round that was led by Foundry Group. The San Francisco-based company was founded in 2013 and has now raised $11.3 million in total funding. Participating in the Series A was many of the company’s seed-stage investors, including 500 Startups, Andreessen Horowitz, Data Collective, Sherpa Ventures, Felicis Ventures, New Enterprise Associates, Version One Ventures and many individuals, including Jeff Lawson, Carter Rabasa, Damien Tanner, Daniel Clark, Eileen Burbidge, Elliot Loh, Enrico Pandian, Eric Ries, Ullas Naik and others. As part of the Series A round, Brad Feld, managing director of Foundry, has joined the Mattermark board.

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Mike Cahill rejoins VC-backed Boku as CTO

Boku has hired Mike Cahill as chief technology officer. Previously, Cahill worked at American Express where he was vice president of mobile engineering. And, prior to that, Cahill was Boku’s vice president of engineering. Based in San Francisco, Boku is a carrier billing-based mobile payment company. It is backed by Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.

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VC-backed Zenefits taps Yammer founder Sacks as COO

San Francisco-based human resources platform Zenefits has named David Sacks as its first chief operating officer. He will also join the company’s board of directors. Sacks was the founding CEO of Yammer and and a former COO at PayPal. Zenefits backers include Andreessen Horowitz, Institutional Venture Partners and Oscar-winning actor Jared Leto.

DataGravity picks up $50 mln Series C

Nashua, New Hampshire-based DataGravity, a data-aware storage platform provider, has closed $50 million in Series C funding. Accel Partners led the round with participation from return backers Andreessen Horowitz, CRV and General Catalyst Partners. Also, Ping Li of Accel Partners has been appointed to DataGravity’s board of directors.

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