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The smart kitchen heats up–VCJ

As smart home technology and IoT becomes widely adopted in the coming years, the smart kitchen could be a $10 billion market opportunity for VCs by 2020.

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Sequoia leads $8.7 mln round for Orbital Insight

Orbital Insight said it raised $8.7 million of Series A financing in a round led by Sequoia Capital and joined by new investor Google Ventures and existing investors Bloomberg Beta, citizen.vc and Lux Capital. Sequoia Partner Bill Coughran has joined the board. 

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Highfive garners $32 mln Series B

Redwood City, California-based Highfive, a provider of video conferencing device and cloud software for businesses, has received $32 million in Series B funding. Lightspeed Venture Partners led the round with participation from other investors that included Andreessen Horowitz, General Catalyst, Google Ventures, SV Angel, Aaron Levie of Box and Marc Benioff of Salesforce.com.

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Fitbit to acquire VC-backed FitStar

Fitbit Inc has agreed to buy San Francisco-based FitStar, a digital health and fitness platform. No financial terms were disclosed. FitStar’s backers include Google Ventures and Trinity Ventures.

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Kobalt raises $60 mln from Google Ventures, MSD Capital

Kobalt, a music publishing and global music rights management services company, has raised $60 million in Series C funding with Google Ventures, existing investor MSD Capital and MSDC Management. Kobalt has already raised $66 million. The new funding will support Kobalt’s work with artists and songwriters with creative services.

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GGV Capital, Icon Ventures lead $25 mln funding in Synack

GGV Capital and Icon Ventures (formerly Jafco Ventures) have co-led a $25 million Series B funding round in Synack, an online security startup. Other participants in the funding round include Kleiner Perkins Caufield & Byers, Google Ventures, Greylock Partners, Allegis Capital, Derek Smith, chief executive of Shape Security, Ray Rothrock, CEO of Redseal Networks and Timothy Eades, CEO of vArmour. Synack has raised a total of $34 million to date. Glenn Solomon, managing partner at GGV Capital, and Tom Mawhinney, GP at Icon Ventures, will join Synack’s board of directors.

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E-commerce site Jet raises $140 mln

Stealth e-commerce startup Jet announced it has raise $140 million in new funding led by Bain Capital Ventures. Also participating in the round are Accel Partners, Coatue Management, General Catalyst Partners, Goldman Sachs, Google Ventures, MentorTech Ventures, New Enterprise Associates, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive Capital and others.

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Online furniture marketplace Move Loot nets $9 mln

Metamorphic Ventures has led a $9 million funding round for Move Loot, an online furniture marketplace. Other investors included First Round Capital, Index Ventures, Great Oaks, IDG, Sherpa Ventures, Y Combinator and Google Ventures.

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Scout raises $2.75 mln from NEA, Google Ventures

Scout, which offers a cloud-based solution for filling out requests for proposals, has raised $2.75 million in seed funding. New Enterprise Associates led the funding, with participation from Google Ventures, Zapis Capital and angel investors, including Techammer and Tim O’Shaughnessy. As part of the seed funding, Chetan Puttagunta, a partner at NEA, has joined the board of the Cleveland,Ohio-based company.

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VC-backed DocuSign names CMO

San Francisco-based electronic signature company DocuSign has hired Brad Brooks as chief marketing officer. Recently, Brooks worked at Juniper Networks where he served as CMO and senior vice president of global marketing. DocuSign’s backers include Samsung Ventures, BBVA Ventures, Accel Partners, Google Ventures, Comcast Ventures, Ignition Partners, Kleiner Perkins Caufield & Byers, Sapphire Ventures and Scale Venture Partners.

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Ionic Security rings up $40.1 mln Series C

Atlanta-based data protection platform Ionic Security has raised $40.1 million in Series C funding. Meritech Capital Partners led the round with participation from other investors that include Kleiner Perkins Caufield & Byers, Google Ventures, Tech Operators and Jafco Ventures.

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VC-backed FitStar taps 24 Hour Fitness founder Mastrov for board

San Francisco-based FitStar, a digital fitness firm, has named Mark Mastrov to its board of directors. Mastrov is the founder of 24 Hour Fitness and New Evolution Ventures. FitStar’s backers include Google Ventures, Advancit Capital, FLOODGATE Fund, Founder Collective, MESA+ and Neil Young.

Passengers check in an AirAsia flight at Soekarno-Hatta International Airport in Jakarta

peHUB Second Opinion

In Second Opinion, the FBI is investigating whether companies are engaged in revenge hacking, 10 of the best startups that made an impact in 2014 and the wreckage of AirAsia Flight QZ8501 has been found.

Mobile ad platform Adelphic grabs $11 mln

Mobile advertising platform Adelphic has raised $11 million in Series B funding. Blue Chip Venture Company led the round with participation from return backers Matrix Partners and Google Ventures.

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Expect Labs picks up $13 mln Series A

MindMeld platform maker Expect Labs has secured $13 million in Series A funding. IDG Ventures and a USAA subsidiary led the round. Other investors included Intel Capital, Samsung Ventures, Telefónica Digital, Liberty Global Ventures, Fenox Ventures, Westcott, Quest Venture Partners, Google Ventures, Greylock Partners, Bessemer Venture Partners and KPG Ventures.

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VC-backed small biz lender OnDeck debuts IPO

New York City-based small business lender OnDeck has raised $200 million for its IPO after pricing its 10 million shares at $20 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “ONDK.”

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