Draper Associates nets over $119 mln for fifth fund

By Iris Dorbian — 1 month ago

Draper Associates has raised over $119 million for its fifth funding, according to an SEC filing. The target is $150 million. The Silicon Valley-based venture firm mostly focuses on making seed investments in the following sectors: consumer technology, financial technology, healthcare, manufacturing, education, and government tech.

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Younity snags $8 mln in Marker-led round

By Iris Dorbian — 2 months ago

California-based Younity, a cloud service that unifies personal media across all mobile devices and computers, has secured $8 million in Series A funding. Marker LLC led the round with participation from Draper Associates and PROfounders Capital. In conjunction with the funding, Rick Scanlon of Marker has been added to Younity’s board.

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Verge Genomics collects $4 mln seed

By Iris Dorbian — 3 months ago

Verge Genomics, a biopharmaceutical company focused on neurodegenerative diseases, has closed $4 million in seed financing. IA Ventures led the round with participation from Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Venture, Elad Gil and David Lee.

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Everyone Counts closes $20 mln in funding

By Luisa Beltran — 5 months ago

Everyone Counts said Tuesday it closed a $16 million mezzanine debt round and a $4 million equity round of funding. Falcon Investment Advisors LLC led the mezzanine debt portion while Draper Associates led the equity round. San Diego-based Everyone Counts provides software that aims to modernize global elections.

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Fintech startup Karmic Labs raises $5 mln, Greycroft leads

By Alastair Goldfisher — 7 months ago

San Francisco-based Karmic Labs, developer of a payment processing system, announced that it has raised a $5 million Series A round of funsing led by Greycroft Partners. Karmic Labs CEO and co-founder Ryan Weidenmiller told peHUB that other investors in the round include Trusted Ventures, Accelerator Ventures, Pipeline VC, Correlation Ventures and individual investor Iqram Magdon-Ismail.

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Drone platform provider Skyward announces $4.1 mln seed expansion

By Alastair Goldfisher — 10 months ago

SkyWard, a Portland, Ore.-based company that has developed a software management system for the dispatching, tracking and logging of commercial drone flights, announced it has raised a $4.1 million round in expansion seed from Draper Associates, Founders Co-Op, Norwest Venture Partners, Techstars Ventures, Verizon Ventures, and Voyager Capital. Voyager prevously led a $1.5 million seed round in July 2014, according to Thomson Reuters. David Famolari of Verizon Ventures and Ari Newman of Techstars Ventures were named observers on Skyward’s board of directors.

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Graylog attracts $2.5 mln

By Iris Dorbian — 1 year ago

Graylog Inc has closed $2.5 million in a funding round led by the Mercury Fund. The other investors were Crosslink Capital, Draper Associates and High-Tech Gründerfonds. Also, Graylog has appointed Aziz Gilani, a partner at the Mercury Fund, to its board of directors. Based in Houston, Texas and Hamburg, Germany, Graylog is an open source log analysis platform provider.

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Sequoia leads $12 mln Series B funding in Rounds

By Iris Dorbian — 1 year ago

Live communication platform Rounds has raised $12 million in Series B funding. Sequoia Capital led the round with participation from other investors that included Samsung Ventures, Verizon Ventures, Rhodium and Draper Associates. According to the firm, the capital infusion will be used for growth and expansion.

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Mobile payments startup Kash collects $2 mln seed

By Iris Dorbian — 1 year ago

San Francisco-based mobile payments startup Kash Corp. has secured $2 million in seed funding. The investors included Draper Associates, Green Visor Capital and Structure Capital. According to the company, the capital infusion will be used for product development, marketing and expansion.

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Enevo grabs $8 mln

By Iris Dorbian — 1 year ago

Enevo said Thursday that it has raised $8 million in funding. The investors included Earlybird, Lifeline Ventures, Finnish Industry Investment and Draper Associates. Based in Espoo, Finland and Boston, Enevo is a provider of trash bin sensors.

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Parking app SpotHero nabs $4.5 mln Series A

By Iris Dorbian — 2 years ago

SpotHero has closed $4.5 million in Series A funding. The investors included Chicago Ventures, Bullpen Capital, Battery Ventures, OCA Ventures, Pritzker Group Venture Capital, Lightbank, G2T3V, e.ventures, Draper Associates and 500 Startups. In conjunction with the funding, Mike Gamson of LinkedIn has been added to SpotHero’s board of directors. Headquartered in Chicago, SpotHero is an on-demand parking app.

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FundersClub Raises Significant Seed Round

By Angela Sormani — 3 years ago

FundersClub, a marketplace for private investing, has closed a significant round of seed funding. Investors in the round included First Round Capital, Y Combinator, Draper Associates, Felicis Ventures, Spark Capital, Digital Garage, Intel Capital, Y Combinator-affiliated funds (Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners), Investmon Sarl, NetPrice, Global Venture Alliance and Plug and Play Tech Center.

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Aerospike Raises Series B From NEA, Draper Assoc., Alsop Louie

By Mark Boslet — 3 years ago

Aerospike said it raised a Series B round of funding led by New Enterprise Associates and joined by existing investors Draper Associates and Alsop Louie Partners. Don Haderle, the father of IBM DB2, has joined the database company as an adviser. Aerospike also said it acquired Alchemy Database. PRESS RELEASE Rapid Customer Success with Aerospike […]

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Mogreet Inks $4.1M Venture Round

By Staff Report — 4 years ago

Mobile video marketing company Mogreet has raised $4.1 million in capital, bringing its total funding to $14.1 million. Black Diamond Ventures led the round, which included participation from investors including DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates. PRESS RELEASE Mogreet, the world’s premier mobile video marketing company, today announced the company has […]

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Lightbank Backs Cloudbot

4 years ago

Chicago-based Lightbank, the venture firm started by Groupon co-founders Eric Lefkofsky and Brad Keywell, is among those backing Cloudbot in a recent venture round. The startup develops a mobile and web app designed to aggregate a person’s online presence into a single interface. Draper Associates and Hyde Park Angels also contributed to the financing. The amount of funding was not disclosed.

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