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Shopping app Spring inks $25 mln Series B

BoxGroup has led a $25 million Series B funding round for shopping app Spring, confirmed a spokesperson for the latter company. Other investors included Yuri Millner, Groupe Arnault, Google Ventures and Thrive Capital.

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Redpoint Ventures leads $30 mln round for Duo Security

Ann Arbor, Michigan-based Duo Security, a provider of cloud-based access security solutions, has received $30 million in Series C funding. Redpoint Ventures led the round with participation from return backers Benchmark, Google Ventures, Radar Partners and True Ventures.

CoreOS nets $12 mln in Google Ventures-led round

San Francisco-based CoreOS, a provider of open source enterprise solutions for Linux containers, has raised $12 million in funding. Google Ventures led the round with participation from Kleiner Perkins Caufield & Byers, Fuel Capital and Accel Partners.

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Polaris leads Series C funding in CliQr

CliQr, a provider of a cloud-based app management platform, has raised $20 million in Series C funding led by Polaris Partners. Foundation Capital, Google Ventures and TransLink Capital also participated in the round. The Santa Clara, Calif.-based company has now raised $38 million in total funding since it was founded four years ago. As part of the round, Gary Swart, formerly CEO of oDesk and current venture partner at Polaris, has joined the board.

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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.

VC-backed Trada shuts down business

Boulder, Colorado-based Trada, a paid search crowdsourced marketplace, has shut down its operations, CEO Matt Harada confirmed in a post on the company’s site. The reason cited for the closure was the company’s inability to pay its creditors. Trada, which launched in 2008, was backed by Foundry Group and Google Ventures. To read the announcement, visit here.

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Spruce raises $15 mln in Series A

San Francisco-based telemedicine provider Spruce has raised a $15 million Series A round of funding from Kleiner Perkins Caufield & Byers, Google Ventures, Baseline Ventures and Cowboy Ventures. The company previously raised $2 million in seed funding.

Board-Hero_LowRes.Orange Chef
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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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