VC-backed Mirna Therapeutics debuts IPO

Austin, Texas-based Mirna Therapeutics Inc, a biopharmaceutical company focused on developing cancer-treating drugs, has raised almost $44 million for its IPO after pricing its 6.25 million shares at $7 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “MIRN.” Citigroup and Leerink Partners are the lead underwriters. Mirna’s backers included Sofinnova Ventures, New Enterprise Associates, Pfizer Ventures, Osage University Partners and Correlation Ventures.


Sun Basket meal kit delivery service consumes $4.5 mln

San Francisco-based Sun Basket, a new entrant in the bustling meal kit delivery service sector that includes many well-funded competitors, announced it has raised $4.5 million in its first institutional round of funding. PivotNorth Capital and Baseline Ventures coled the round, which also includes Vulcan Capital, Roth Capital, The Florence Group, Rembrandt Ventures, Correlation Ventures, Relevance Capital, Lucas Venture Group and others, including a number of individual investors.

Source3 nets $4 mln

New York City-based Source3, a platform for licensing and distributing 3D content, has secured $4 million in funding. The investors included Contour Venture Partners, Western Technology Investments, Correlation Ventures, Crosslink Capital, 645 Ventures and Autodesk Inc.


Crossbar picks up $35 mln Series D

Santa Clara, California-based Crossbar Inc, a provider of RRAM technology, has closed $35 million in Series D funding. Tyche Partners led the round with participation from other investors that included Artiman Ventures, CBC-Capital, Cheerful Link Ventures, Correlation Ventures, Kleiner Perkins Caufield & Byers, Korea Investment Partners, Northern Light Venture Capital, Oriza Holdings, SAIF Partners, Tao Invest and the University of Michigan. In addition to the funding, Weijie Yun, a founder and managing partner of Tyche Partners, has been added to Crossbar’s board of directors.

Gynesonics pulls in $43 mln

Redwood City, California-based Gynesonics, a women’s healthcare company focused on developing solutions for treating uterine fibroids, has secured $43 million in funding. Endeavour Vision and Abingworth led the round with participation from HealthCrest, InterWest Partners, Advanced Technology Ventures, HBM Partners, Correlation Ventures and Hercules Technology Growth Capital.


Distil picks up $21 mln in BVP-led round

Distil Networks, a provider of bot detection and mitigation solutions, has raised $21 million in Series B funding. Bessemer Venture Partners led the round with participation from Foundry, TechStars, ff Venture Capital, Idea Fund and Correlation Ventures. In addition to the funding, David Cowan, partner at BVP and co-founder of VeriSign, Good Technology and, has been added to Distil’s board of directors.


Ankasa grabs $8.5 mln in first tranche of $17 mln Series A

Biopharmaceutical company Ankasa Regenerative Therapeutics, which focuses on stem cell reactivation, has secured $8.5 million in the first tranche of a $17 million Series A funding round. Avalon Ventures was the lead investor. Heraeus Medical and Correlation Ventures are among the other backers that participated in the round.


Dropoff scores $7 mln Series A

On-demand same-day delivery logistics provider Dropoff has raised $7 million in Series A funding. Greycroft Partners led the round with participation from other investors that included Correlation Ventures, Texas Atlantic Capital and Wild Basin Investments.


LEGO subscription service Pley attracts $10 mln

LEGO subscription service Pley has raised $10 million in Series B funding. Sozo Ventures led the round with participation from previous backers Floodgate, Correlation Ventures, Maven Ventures and Allegro Venture Partners. Concurrent with the funding, Phil Wickham, managing director at Sozo Ventures, has been added to Pley¹s board of directors.


Dizzion snaps up $3.9 mln Series A

Grotech Ventures and Access Venture Partners have led a $3.9 million Series A funding round for Dizzion. Other investors included Point B Capital, Correlation Ventures and Service Provider Capital. Based in Denver, Dizzion is a provider of cloud computing solutions for desktops.


BlueVine snags $18.5 mln

BlueVine, which provides working capital financing to small businesses, has received $18.5 million in funding. 83North (formerly Greylock IL) and Lightspeed Venture Partners led the round with participation from other investors that included Silicon Valley Bank and Correlation Ventures. Also, BlueVine has named Ido Lustig as vice president of risk management. The company has also added Stewart Wilkinson to its board of directors while Raymond Stern and Taher Behbehani will join BlueVine’s advisory board.

Aldea Pharmaceuticals snags $24 mln Series B

Aldea Pharmaceuticals said Monday that it has received $24 million in Series B financing. The investors included RusnanoMedInvest, WuXi PharmaTech Corporate Ventures, Canaan Partners and Correlation Ventures. Based in Redwood City, Calif., Aldea is focused on developing treatments for aldehyde metabolism disorders.


Splice Machine nets $3 mln Series B

Splice Machine said Wednesday that it has closed an additional $3 million in its Series B funding. The investors were Correlation Ventures, Roger J. Sippl and Roger Bamford. Splice is a developer of a SQL-compliant database for big data applications.


RRE leads funding of VigLink

VigLink, a data analytics company that provides online link sharing services, has raised $18 million in a Series C round that was led by RRE Ventures. Also taking part in the funding is existing investors Google Ventures, Emergence Capital, First Round Capital as well as Correlation Ventures and Silicon Valley Bank. The San Francisco-based company has now raised $26 million in total funding. As part of the Series C round, Eric Wiesen, a general partner of RRE, has joined the board.

Career-building company Gild raises Series B

San Francisco-based Gild, which uses predictive technology to provide career counseling services, has raised $13.5 million in Series B funding. The round was led by new investor Menlo Ventures and included Draper Nexus and existing investors Baseline Ventures, Globespan Capital Partners, SAP Ventures, Correlation Ventures and Mark Kvamme of Drive Capital. The company has now raised $27 million since it was launched in 2012.


Soldsie fetches $4 mln Series A

Soldsie, a San Francisco-based social selling service, said Thursday that it has secured $4 million in Series A funding. First Round Capital led the round with participation from SoftTechVC, Lerer Ventures, Correlation Ventures, Great Oaks Ventures, e.Ventures, 500 Startups and various angels.

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