CrunchBase spins out from AOL

Emergence Capital Partners said Tuesday that it has funded the spin-out of CrunchBase from AOL. Financial terms weren’t announced. AOL will continue to hold a significant stake. Jager McConnell, former VP of sales cloud products at Salesforce.com, was named CEO of CrunchBase.


ServiceMax pulls in $82 mln Series F

Field service management software provider ServiceMax has raised $82 million in Series F funding. Premji Invest led the round with participation from other investors that included GE Ventures, PTC Inc, Cloud Apps Capital, Emergence Capital Partners, KPCB, Mayfield, Meritech, Adams Street Partners, Crosslink Capital, Questmark Partners, Sozo Ventures and Trinity Ventures.


ZenPayroll nabs $60 mln

San Francisco-based ZenPayroll, an online payroll software provider for small businesses, has raised $60 million in funding. The investors included Emergence Capital Partners, Ribbit Capital, General Catalyst, Kleiner Perkins Caufield & Byers and Google Ventures.


Emergence raises $335 mln fourth fund

Emergence Capital Partners said it raised a $335 million fourth fund, Emergence Capital Partners IV.  The firm, in a press release, said the fund was “immediately oversubscribed” and eventually capped.


Welltok scores $37 mln Series D

Denver-based health optimization firm Welltok has closed its Series D funding round at $37 million. Bessemer Venture Partners led the round with participation from other investors that included Hearst Health Ventures, Catholic Health Initiatives, Emergence Capital Partners, InterWest Partners, New Enterprise Associates and Qualcomm Ventures.


Navera racks up $8 mln

Navera has received $8 million in Series B funding. Bill Ericson, general partner at Mohr Davidow Ventures, led the round with participation from previous backer Gordon Ritter of Emergence Capital Partners. In conjunction with the funding, Ericson has been named to Navera’s board of directors. Based in San Francisco, Navera is a provider of benefits engagement solutions.

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Emergence promotes Subotovsky and Floyd, adds to team

Emergence Capital Partners announced two promotions and three additions to its team. The San Mateo, California-based firm, which focuses on enterprise companies, has promoted Santiago “Santi” Subotovsky to partner and Joe Floyd to principal. In addition, Jake Saper has joined Emergence as senior associate, John Chen as associate, and Julia Mailander as marketing manager.


IVP leads $50 mln funding of xAd

Institutional Venture Partners has led a $50 million equity and debt funding round for xAd, which helps target mobile advertising using location data. Existing investors Emergence Capital Partners, Softbank Capital and Silicon Valley Bank also participated in the round. The New York-based company had previously raised about $22 million in funding, according to data from Thomson Reuters (publisher of peHUB). As part of the latest funding round, Dennis Phelps, a general partner at IVP, has joined the board.


VC-backed Veeva Systems adds to board of directors while two step down

Veeva Systems, which is backed by Emergence Capital Partners, has appointed Paul Sekhri to its board of directors while Young Sohn and Kevin Spain have stepped down. Sekhri is senior vice president of integrated care at Sanofi. Based in Pleasanton, Calif., Veeva Systems is a provider of cloud-based software solutions for the global life sciences sector.


Bitcoin wallet startup Xapo picks up $20 mln

Xapo, a bitcoin wallet startup in Palo Alto, Calif., has secured $20 million in Series A-1 funding, the company announced in a blog post on its site. Greylock Partners and Index Ventures led the round with participation from other investors that included Emergence Capital Partners, Max Levchin, co-founder of PayPal, and Jerry Yang, founding partner of AME Cloud Ventures and co-founder of Yahoo!. In addition to the funding, Reid Hoffman and Mike Volpi have been added as Xapo’s board observers. To read further details about the funding, visit here.


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.

Box IPO never had a set date, says company rep

Despite news reports that say that Box has delayed its IPO, according to a company spokesperson, there was never a set date for its rollout. Says the Box rep: “Since filing, we’ve planned on going when it makes the most sense for the market. That plan hasn’t changed.” Headquartered in Los Altos, Calif., Box is a data storage provider. The company filed for an IPO earlier this year. Its backers include Draper Fisher Jurvetson, US Venture Partners, Meritech Capital Partners, Andreessen Horowitz and Emergence Capital Partners.


Doximity raises $54 mln from DFJ, T Rowe Price, others

Doximity said it closing a $54 million round of Series C funding co-led by Draper Fisher Jurvetson and T. Rowe Price Associates, Inc. Morgan Stanley Investment Management also participated in the round as a new investor. Existing investors Emergence Capital Partners, Morgenthaler Ventures and InterWest Partners also joined the financing. Doximity, an online network for doctors, has more than tripled its user base since its last funding in September 2012 and has one in three U.S. doctors as members, the company said.


Handshake grabs $8 mln Series A funds

Handshake said Monday that it has closed $8 million in Series A funding. New backer Emergence Capital Partners led the round with participation from previous investors SoftTech VC, MHS Capital and High Peaks Venture Partners. Based in New York City, Handshake is a sales order management platform for wholesalers.


VC-backed Welltok buys mobile health firm Mindbloom

Welltok, a health optimization company in Denver, has acquired Mindbloom. No financial terms were disclosed. Based in Seattle, Mindbloom is a mobile health firm. Welltok’s backers include NEA, IBM, Qualcomm Ventures, Emergence Capital Partners, InterWest Partners and Miramar Venture Partners.

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