Goldman Sachs leads $50 mln round for Shift Technologies

Shift Technologies, a San Francisco-based car-buying and selling marketplace, has secured $50 million in Series B funding. Goldman Sachs Investment Partners led the round with participation from DFJ and Highland Capital Partners. In addition to the funding, Ian Friedman, co-head of GSIP Private Investments, has been added to Shift’s board of directors.

VC-backed Jibe hires SVP of sales

New York City-based recruitment tech company Jibe Inc has named Michael Liddell as senior vice president of sales. Prior to joining Jibe, Liddell worked at Thinking Phones Networks where he served as an executive vice president. Jibe’s backers include Sapphire Ventures, Longworth Venture Partners, Polaris Partners, DFJ and Gotham Ventures.


Mapbox raises $52.55 mln from DFJ, DBL, Thrive, Foundry, others

Mapbox said it raised $52.55 million of Series B capital in a deal led by DFJ’s growth team. Other new investors include DBL Partners, Thrive Capital, Pritzker Group, Promus Ventures and Jon Winkelried, an ex-president of Goldman Sachs. Existing investor, Foundry Group, which did the company’s Series A, participated.


Talkdesk nabs $15 mln Series A

Call center software solution provider Talkdesk has raised $15 million in Series A funding. DFJ led the round with participation from previous backer Storm Ventures. In addition to the funding, Josh Stein of DFJ has been added to Talkdesk’s board of directors.


Path sells to Daum Kakao

San Francisco-based Path Inc, which was rumored to be an acquisition target of Apple last fall, has been scooped up by the South Korean Internet corporation Daum Kakao. Path founder CEO Dave Morin, a former Apple employee, blogged about the sale late Thursday.


Five top VCs predict the future

Five top VCs gathered Thursday evening at the Churchill Club’s annual Top 10 Tech Trends program to dispense a healthy dose of theories on what the future will bring.


Livongo Health rakes in $20 mln Series B

Consumer digital health company Livongo Health has raised $20 million in Series B funding. The investors included Kleiner Perkins Caufield & Byers, DFJ and return backer General Catalyst. In conjunction with the funding, Dr. Beth Seidenberg, a general partner at KPCB and Emily Melton, a partner at DFJ, have been added to Livongo Health’s board of directors.


Remitly nets $12.5 mln Series B

Seattle-based Remitly Inc, an online remittance service, has secured $12.5 million in Series B funding. DFJ led the round with participation from DN Capital, QED Investors and Trilogy Equity Partners. In conjunction with the funding, William Bryant, a partner at DFJ, has been named to Remitly’s board of directors. According to the company, the capital infusion will be used for personnel hiring, scaling marketing efforts, and service expansion.


DFJ, True lead Series A funding in Twin Prime

Twin Prime, a provider of  mobile data delivery optimization, emerged from stealth and announced it has raised a $9.5 million Series A round of funding. DFJ and True Ventures co-led the oversubscribed round. Also participating are Milliways Labs and Moment Ventures. As part of the funding, Bubba Murarka, partner at DFJ, and Om Malik, partner at True, have joined the company board.

D-Wave Systems snags C$29 mln

D-Wave Systems Inc, a quantum computing company headquartered in Burnaby, British Columbia, has secured C$29 million in funding. The investors in this round were not named; however, D-Wave’s previous backers include Bezos Expeditions, BDC Capital, DFJ, Goldman Sachs, Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and Underwriting and Kensington Partners Limited.

Seattle-based Hale joins DFJ as EIR

DFJ announced on Tuesday that Seattle-based Bryan Hale has re-joined the firm as an Executive-in-Residence. DFJ Partner Bill Bryant wrote in a blog post on Medium that Hale was previously an investment professional with DFJ before joining CHEF Software, a DFJ-backed company, in 2009. Bryant wrote that Hale will work with the firm’s existing portfolio companie and “work on his own startup, or possibly joining a nascent company as a near founder.”


Shift inks $23.75 mln Series A

Shift has secured $23.75 million in Series A financing. Emily Melton at DFJ and Manish Patel at Highland Capital Partners led the round with participation from other investors that included SV Angel and Great Oaks VC. Both Melton and Patel will be joining Shift’s board. Based in San Francisco, Shift is a platform that connects car buyers and sellers.


SoftTech VC leads $2 mln round for DroneDeploy

DroneDeploy, a smart drone management platform, has received $2 million in seed funding. SoftTech VC led the round with participation from DataCollective, Redpoint, DFJ, and Angelpad. DroneDeploy is a smart drone management platform.

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