Digital cobbler Feetz snags $1.25 mln seed

Chattanooga, Tennessee-based digital cobbler Feetz has secured $1.25 million in seed funding. Khosla Ventures led the round with participation from other investors that included JumpFund and former Reebok CEO Uli Becker. In conjunction with the funding, Becker has been added to the Feetz board of directors.

Andreessen Horowitz GP Srinivasan to work full-time at bitcoin startup

Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm’s site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm’s software team and help entrepreneurs. According to Crunchbase, 21 has just raised $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the firm’s site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here.



GGV Capital and Khosla Ventures fund Opendoor

San Francisco-based Opendoor, an online home-selling service, has secured $20 million in funding. GGV Capital led the round with participation from Khosla Ventures. In conjunction with the funding, Glenn Solomon, a managing partner at GGV Capital, has been added to Opendoor’s board of directors.

Data Collective leads $15 mln round for Metamarkets

Metamarkets, a real-time analytics platform for the digital advertising space, has secured $15 million in funding. Data Collective led the round with participation from other investors that included Khosla Ventures, IA Ventures, True Ventures and Village Ventures.


VC-backed semiconductor company Easic files for IPO

Santa Clara, California-based semiconductor company Easic Corp has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on listing the IPO on the NASDAQ under the ticker symbol “EASI.” Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc will serve as the lead underwriters. Easic’s backers include Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures, Seagate Technology and Evergreen Partners.


Guardant Health scores about $50 mln Series C

Redwood City, California-based Guardant Health, a cancer testing provider, has closed about $50 million in Series C funding. Lightspeed Venture Partners led the round with participation from Formation 8 and previous backers Khosla Ventures and Sequoia Capital.


Iora Health picks up $28 mln

Cambridge, Massachusetts-based healthcare firm Iora Health has raised $28 million in Series C funding. The investors included Foundation Medical Partners, Rice Management Company, GE Ventures, Khosla Ventures, .406 Ventures, Fidelity Biosciences and Polaris Partners.


VC-backed MemSQL appoints Held as executive chairman

San Francisco-based MemSQL, a provider of big data analytics, has named Jerry Held as executive chairman. Held is a chairman of Tamr. MemSQL’s backers include Accel Partners, Khosla Ventures, First Round Capital, Data Collective and In-Q-Tel.


Instacart snags $220 mln Series C

Instacart, an on-demand grocery service, has raised $220 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Comcast Ventures, Dragoneer Investment Group, Thrive Capital, Valiant Capital, Andreessen Horowitz, Khosla Ventures and Sequoia.


Ginger.io raises $20 mln from investors like Khosla and True Ventures

Ginger.io, a digital mental health monitoring system that makes use of smartphones and self-reporting to gather behavioral data, has raised $20 million in Series B funding. Khosla Ventures and True Ventures participated in the funding round, as well as new strategic investors. Ginger.io has raised a total of $28 million since its inception in 2010.


Khosla Ventures leads $22 mln round for Scribd

Subscription book service Scribd has received $22 million in funding. Khosla Ventures led the round with participation from other investors such as Redpoint Ventures, Charles River Ventures and Silicon Valley Bank. In addition to the financing, Keith Rabois has been added to Scribd’s board as an observer.


Grocery delivery startup Instacart bags $210 mln

According to an SEC filing, Instacart, an on-demand grocery service, has raised $210 million in a targeted $220 million funding round. A company spokesperson declined to add further information. Last June, Instacart received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners.



peHUB First Read

First Read takes you into the homestretch with news Sony has pulled the plug on “The Interview” after threats, New York bans fracking and cigar connoisseurs are applauding the move to normalize U.S.-Cuba relations although institutional investing in Cuba may be years away.


Mike Cahill rejoins VC-backed Boku as CTO

Boku has hired Mike Cahill as chief technology officer. Previously, Cahill worked at American Express where he was vice president of mobile engineering. And, prior to that, Cahill was Boku’s vice president of engineering. Based in San Francisco, Boku is a carrier billing-based mobile payment company. It is backed by Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures and New Enterprise Associates.

Family entertainment firm ToyTalk pulls in $15 mln

ToyTalk, a San Francisco-based family entertainment firm, has raised $15 million in funding in a round led by Khosla Ventures, the company said in a blog post on its site. Other backers included previous investors Greylock, Charles River Ventures, True Ventures and First Round Capital. According to the company, the capital infusion will be used to expand its engineering and production teams. In addition to the funding, Samil Kaul, a partner at Khosla, has been added to ToyTalk’s board of directors. To read the announcement, visit here.


San Francisco start-up Helium bags about $16 mln Series A

San Francisco-based Helium, an internet of things platform for smart machines, has raised about $16 million in Series A funding, the company announced in a blog post on its site. Khosla Ventures led the round with participation from other investors that included FirstMark Capital, Digital Garage, Marc Benioff and SV Angel. Also, Helium has hired Rob Chandhok as president and chief operating officer. Previously, Chandhok worked at Qualcomm. To read the post, visit here.



Samsung Ventures and Khosla fund Seeo

Seeo, a Hayward, Calif.-based producer of advanced lithium polymer batteries, has raised an undisclosed amount of funding. The investors included Samsung Ventures, Khosla Ventures and GSR Ventures.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget