PE-backed taps Li as chief information officer

Los Angeles-based, an online marketplace for real estate investment, has named Timothy Li as chief information officer. Previously, Li has worked at a number of firms in the marketplace lending and FinTech sectors that included LoanDepot, Quick Bridge Funding, Think Finance and JPMorgan Chase. is backed by Sorenson Capital and Canaan Partners.


Onefinestay scores $40 mln Series D

Luxury home hospitality business onefinestay has closed $40 million in Series D funding. The investors included Intel Capital, Quadrant Capital Advisors, Index Ventures and Canaan Partners. Also, the company has made a number of appointments, among them are Tom Singer as chief financial officer, Nick Ruotolo as chief commercial officer and Petros Demetriades as chief technology officer.


Novartis to buy Spinifex for $200 mln

Novartis International AG has agreed to buy Spinifex Pharmaceuticals Inc. for an upfront cash consideration of $200 million plus undisclosed clinical development and regulatory milestone payments. based in Stamford, Connecticut and Melbourne, Australia, Spinifex develops drugs for the treatment of chronic pain. Deutsche Bank advised Spinifex. Spinifex’s investors include Novo A/S, Canaan Partners, GBS Venture Partners, Brandon Capital Partners, Uniseed and UniQuest (University of Queensland, Australia).


Komprise pulls in $6 mln Series A

Campbell, California-based Komprise, a data management software provider, has secured $6 million in Series A funding. Canaan Partners led the round.


Spyryx Biosciences rakes in $18 mln Series A

Research Triangle Park, North Carolina-based Spyryx Biosciences, which develops treatments for respiratory diseases, has raised $18 million in Series A funding. The investors were Canaan Partners, Hatteras Venture Partners and 5AM Ventures. In conjunction with the funding, Dr. Tim Shannon, general partner of Canaan, has been named chairman of Spyryx’s board of directors. Also, Dr. Christy Shaffer, managing director of Hatteras Discovery at Hatteras and Dr. Brian Daniels, venture partner of 5AM, have been added to Spyryx’s board of directors.


Food brand NatureBox picks up $30 mln series C

Food brand NatureBox Inc has raised $30 million in Series C funding. Global Founders Capital led the round with participation from other investors that included Neuberger Berman Private Equity Funds, Kensington Capital Holdings, Valley Oak Investment Partners, General Catalyst Partners, Canaan Partners and Softbank Capital.


Industry Ventures leads $40 mln round for The RealReal

Luxury resale site The RealReal has secured $40 million in Series D funding. Industry Ventures led the round with participation from other investors that included Growth, Greycroft Growth, DBL Partners, Canaan Partners and InterWest Partners. In addition to the funding, Cynthia Ringo of DBL Partners has been added to The RealReal’s board of directors.


Diabetes management platform Glooko racks up $16.5 mln Series B

Palo Alto, California-based diabetes management platform Glooko Inc has received $16.5 million in Series B funding. The investors included Canaan Partners, Medtronic, The Social + Capital Partnership and Samsung. In conjunction with the financing, Wende Hutton of Canaan Partners has been added to Glooko’s board of directors.


Lending platform EVEN Financial scores $2.8 mln seed

New York City-based lending platform EVEN Financial has secured $2.8 million in seed funding. Canaan Partners led the round with participation from other investors that included Lerer Hippeau Ventures, Brooklyn Bridge Ventures, Conversion Capital, Social Leverage and 555 Capital.


Life sciences startup Unchained Labs grabs $25 mln

Pleasanton, California-based life sciences tools startup Unchained Labs has closed $25 million in Series A funding. Novo Ventures, Canaan Partners and TPG Biotech led the round. Also, the company has acquired Optim, a multiplex protein stability platform for biologics. No financial terms were disclosed.


Borro raises $19.5 mln

Borro said Tuesday it has raised $19.5 million in funding led by OurCrowd and Rocket Internet. OurCrowd contributed more than $6 million of the capital raised while Rocket Internet increased its stake in Borro to 10 percent. Existing investors Canaan Partners, Eden Ventures and Augmentum Capital also participated in the round, the statement said. New York-based Borro allows individuals to use luxury assets –including fine art, antiques, jewelry, luxury watches, fine wine, prestige and classic cars — as collateral for loans. FT Partners provided financial advice to Borro.

ClusterHQ rakes in $12 mln

UK-based ClusterHQ, which is building a data layer for Docker, has secured $12 million in Series A funding, it was announced on the company’s site. Accel Partners led the round with participation from other investors that included Canaan Partners. To read more details about the funding, visit here.


Cargomatic hauls in $8 mln, as it aims to be the Uber of trucking

Cargomatic, which provides a shipment matching technology to connect truck drivers with those who need to move freight, has raised $8 million in Series A funding. Canaan Partners led the round and was joined by Volvo Group Venture Capital, Rob Estes of Estes Express, Morado Venture Partners, SV Angel, Sherpa Ventures, Winklevoss Capital, Structure Capital, Nicolas Berggruen, Scott Banister, Fritz Lanman and Hank Vigil. The Venice, Calif.-based company had raised $2.6 million last June.


Beckon nabs $13 mln in Venrock-led round

Marketing intelligence software provider Beckon has raised $13 million in Series B funding. Venrock led the round with participation from other investors that included August Capital, Canaan Partners and El Dorado Ventures.

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