Photography startup Light inks $25 mln

Photography startup Light has raised $25 million in Series B funding. Formation 8 led the round with participation from other investors that included StepStone Group LP, Bessemer Venture Partners, CrunchFund and CRV.


Airtable pulls in $7.6 mln

Database provider Airtable has secured $7.6 million in funding, the company announced in a blog post on its site. CRV led the round with participation from Caffeinated Capital, Crunchfund, Data Collective, Founder Collective and Freestyle Capital. Other investors included Brennan O’Donnell, vice president of sales and customer success at SurveyMonkey; Ilya Sukhar, founder of Parse and director of product management at Facebook; Othman Laraki, co-founder of Color Genommics; and Joshua Reeves, CEO and co-founder of ZenPayroll. In addition to the funding, Francis Larkin has been named vice president of growth.


PillPack grabs $50 mln in CRV-led round

PillPack, a pharmacy that simplifies medication management, has closed $50 million in funding. CRV led the round with participation from Accel Partners, Atlas Venture, Menlo Ventures and Sherpa Ventures. In addition to the funding, George Zachary, a partner at CRV, has been appointed to PillPack’s board.


Wave nabs $10 mln Series C

Toronto-based Wave, a free software provider for the “money side of small businesses,” has secured $10 million in Series C funding. The investors included CRV, The Social+Capital Partnership and OMERS Ventures. Financial Technology Partners advised Wave on the transaction.


Cybereason nabs $25 mln

Cambridge, Massachusetts-based cybersecurity company Cybereason has secured $25 million in Series B funding. Spark Capital led the round with participation from CRV and Lockheed Martin. In conjunction with the funding, Santo Politi, founder and general partner at Spark Capital, has been appointed to Cybereason’s board.

Wonder Workshop co-founders (left to right) Mikal Greaves, Vikas Gupta and Saurabh Gupta.

Edtech company Wonder Workshop raises $6.9 mln from WI Harper, Madrona, CRV

San Mateo, Calif.-based Wonder Workshop, which has developed programmable robots and other technology to help teach children to code, announced it has raised $6.9 million in Series A-1 funding. New investor WI Harper Group joined the round, along with existing investors Madrona Venture Group, CRV, Maven Ventures, Bright Success Capital and individuals. The company, formerly called Play-i, […]


Bain Capital Ventures leads funding of networking company CloudGenix

CloudGenix, a provider of software-defined wide area network technology, announced it has raised a $25 million Series B round of funding. Bain Capital Ventures led the round, which included CRV and the Mayfield Fund. The Santa Clara, Calif.-based company has now raised $34 million in total funding. Enrique Salem, managing director at Bain Capital Ventures and former president and CEO of Symantec, has joined the board.


The Flatiron School attracts $9 mln

New York City-based The Flatiron School, which teaches web and mobile software development, has received $9 million in funding. Thrive Capital led the round with participation from CRV and Matrix.


CRV leads funding round in SignalFx

SignalFx, previously known as SignalFuse, emerged from stealth and announced it has raised a $20 million Series B funding round led by CRV. Existing investor Andreessen Horowitz also participated in the round. The San Mateo, Cailf.-based company, which provides monitoring of cloud software, has now raised $28.5 million in funding to date. As a result of the Series B, Devdutt Yellurkar, general partner at CRV, has joined the board, which includes Ben Horowitz.


Family robot maker Jibo raises $25.3 mln Series A

Jibo, which develops a connected, consumer robot for the home, announced it has raised $25.3 million in Series A funding. RRE Ventures led the round, with participation from CRV, Flybridge Capital Partners, Fairhaven Capital Partners, Two Sigma, Formation 8, Samsung Ventures, Osage Venture Partners and individual investors. The Cambridge, Mass.-based company had previously raised an undisclosed amount of seed funding, led by CRV. Jibo held a crowdfunding campaign on Indiegogo from mid-July to mid-September last year in which it pre-sold 4,800 units and raised $2.8 million. The product acts like a smart assistant, reminding users of tasks and interacting with the household. 


Rethink Robotics pulls in $26.6 mln Series D

Boston-based robots maker Rethink Robotics has raised $26.6 million in Series D funding. GE Ventures led the round with participation from other investors that included Goldman Sachs, Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson and Two Sigma Ventures.


Scale Venture Partners leads $25 mln Series C funding in OneLogin

Scale Venture Partners has led a $25 million Series C funding round in OneLogin, which provides cloud-based identity and access management. Existing investors CRV and The Social+Capital Partnership also participated in the funding round. Rory O’Driscoll, partner at Scale Venture Partners, will join OneLogin’s board. The company has now raised a total of $44 million.

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.

Drone quadcopter released to monitor Indonesia's Mount Sinabung volcano. By  REUTERS/Beawiharta

Top 10 posts: venture capital

Trending in VC deals this week: unmanned aerial vehicles (aka drones), wearable technology, mobile tech for online education, employee-scheduling software, tech talent development program and cloud security.


Symphony raises $21.5 mln Series B

Symphony Commerce closed a $21.5 million Series B round of funding led by CRV, with participation from existing investors Bain Capital Ventures and FirstMark Capital. Headquartered in San Francisco, Symphony Commerce delivers commerce as a service to fast-growing brands.


Light raises Series A funds

Light has raised a $9.7 million Series A. The investment was co-led by Bessemer Venture Partners and CRV. Light is a team of creative technologists working on the art and science of photography.


EMC’s Aveksa Buy a Score for CRV

Charles River Ventures and other backers scored a positive return with Aveksa, an identity management software provider acquired by EMC today in a deal reportedly valued at north of $200 million.

Slideshow: Bring on the 2012 IPO Candidates

The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve. At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. […]

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