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.


DFJ leads $3.3 mln Series A funding in Nervana Systems

DFJ has led a $3.3 million Series A funding round in Nervana Systems, which has developed a machine learning platform. Existing investor Allen & Co. has participated in the funding round. As part of the investment, Steve Jurvetson, DFJ partner, will join Nervana’s board.


Mobile game developer Kiwi snags $15 mln Series B

Kiwi said Wednesday that it has received $15 million in Series B funding. Northgate Capital led the round with participation from DFJ and previous backer Sequoia Capital. Headquartered in Palo Alto, Calif., Kiwi is a mobile game developer.

DFJ, DFJ Esprit co-lead $14.5 mln Series B round in Bright Computing

DFJ and DFJ Esprit have co-led a $14.5 million Series B funding in Bright Computing, a provider of cluster management software. Prime Ventures and existing investor ING Corporate Investments also participated in the funding round. As part of the funding, DFJ partner Bill Bryant, Prime Ventures partner Alexander Ribbink, DFJ Esprit partner Richard Marsh, and ING CISO Rob Bening will join Bright Computing’s board of director.


San Francisco startup icix nets $25 mln Series C

San Francisco-based food safety startup icix has raised $25 million in Series C funding. The investors included Wesfarmers Limited, Vertical Venture Partners, Draper Fisher Jurvetson and Starfish Ventures.


Emily Melton re-joins DFJ as partner

Emily Melton has re-joined DFJ as Partner to focus on early-stage deals in areas including consumer and mobile technology and social media. Melton had worked at DFJ for eight years, and left in 2009 to join Mayfield.


Branson and Levchin back crowdfunding platform Indiegogo

San Francisco-based crowdfunding platform Indiegogo said Tuesday that it has secured new undisclosed funding from investors that include Virgin Group founder Sir Richard Branson and Affirm CEO Max Levchin. Other investors include Dan Benton, CEO of Andor Capital Management and Tim Draper, founding partner at Draper Fisher Jurvetson. Indiegogo is backed by Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Insight Venture Partners, MHS Capital, Metamorphic Ventures and ff Venture Capital.

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