Industry Ventures leads $11.7 mln round for Castle Biosciences

Texas-based Castle Biosciences Inc, which provides molecular diagnostics that improve cancer treatment decisions, has secured $11.7 million in Series F funding. Industry Ventures led the round with participation from other investors that included HealthQuest Capital and Mountain Group Partners.


Marketing tech platform RadiumOne collects $54 mln

San Francisco-based RadiumOne, a marketing technology platform for brands and agencies, has raised $54 million in funding. Harmony Partners led the round with participation from Industry Ventures, Adams Street Partners, Crosslink Capital, Trinity Ventures and DFJ Espirit. RBC Capital Markets served as placement agent for the transaction.


Metabiota snags $30 mln

Comprehensive risk analytics provider Metabiota has raised $30 million in funding. RSTP led the round with participation from Capricorn Health & Special Opportunities, WP Global Partners, Industry Ventures and Data Collective.


Industry Ventures leads $40 mln round for The RealReal

Luxury resale site The RealReal has secured $40 million in Series D funding. Industry Ventures led the round with participation from other investors that included Growth, Greycroft Growth, DBL Partners, Canaan Partners and InterWest Partners. In addition to the funding, Cynthia Ringo of DBL Partners has been added to The RealReal’s board of directors.


Revinate nets $15.34 mln Series B

San Francisco-based Revinate, a provider of hospitality solutions, has closed $15.34 million in Series B funding. The investors included Tenaya Capital, Northgate Capital, Industry Ventures, Benchmark, Formation 8 and Tao Capital Partners. In conjunction with the funding, Brian Melton, a managing director at Tenaya Capital, has been added to Revinate’s board of directors.


Union Square Ventures leads $20 mln growth investment in Work Market

Union Square Ventures has led a $20 million growth investment in Work Market, which provides software-as-a-service for companies to help manage and pay freelance and independent contractors from a single platform. Other investors in the funding include Spark Capital, SoftBank Capital, Industry Ventures and Silicon Valley Bank.


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.”


VC-backed Mindjet picks up $10 mln

Mindjet Corp. has closed $10 million in debt financing from Wellington Financial. Based in San Francisco, Mindjet is a provider of mind mapping software. It is backed by Investor Growth Capital, Industry Ventures and PICO Holdings.


Harvest Power nets $20 mln

Harvest Power has closed $20 million in funding. True North Venture Partners, Industry Ventures and Generation Investment Management were the lead investors. In addition to the funding, Michael Ahearn has been appointed the new chairman of Harvest Power’s board of directors. Harvest Power is a developer of renewable energy and fertilizer products from organic waste.


Industry Ventures closes $170 mln for fund of funds

San Francisco-based Industry Ventures has raised $170 million for its latest fund of funds, Industry Ventures Partnership Holdings III. The fund will focus on primary commitments and early secondary purchases in smaller venture capital funds as well as direct investments alongside its managers.

Sept cov914

LPs warm up to venture: VCJ

Near record distributions are bringing limited partners back to the asset class. As fund commitments jump so do capital flows.


Industry Ventures names new VP

San Francisco-based Industry Ventures has hired Lindsay Sharma as a vice president. Previously, Sharma worked at Intuit where she was a principal in corporate strategy and development.


Vy Capital, Adams Street, Industry Ventures invest $44 mln in Scytl

Election modernization company Scytl has secured an additional $44 million from Vy Capital, Adams Street Partners and Industry Ventures under a funding round initiated in April 2014. With the additional investment, Scytl has closed the funding round with $104 million from five new investors: Vulcan Capital, SAP Ventures, Vy Capital, Adams Street Partners and Industry Ventures. Balderton Capital, Nauta Capital and Spinnaker Invest remain significant shareholders in Scytl.


Bull City Venture Partners closes about $26 mln for new fund

Durham, NC-based Bull City Venture Partners said Monday that it has raised approximately $26 million for its new fund. Its LPs include Blue Cross and Blue Shield of North Carolina, Capitol Broadcasting Company, Cisco, Grosvenor Capital Management, Industry Ventures and Red Hat. The pool will focus on early, seed and growth stage firms.


Industry Ventures promotes May to COO

Industry Ventures has promoted Robert May to chief operating officer. In addition to this new position, May will continue as the firm’s chief compliance officer. Also, the company has hired Ira Simkhovitch as a senior associate.

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