Customer data hub Segment grabs $27 mln Series B

San Francisco-based Segment, a platform that collects customer data, has raised $27 million in Series B funding. Thrive Capital led the round with participation from return backers Accel Partners, Kleiner Perkins Caufield & Byers and Jon Winkelried, former president of Goldman Sachs. In addition to the funding, Will Gaybrick, chief financial officer of Stripe and general partner at Thrive Capital, has been added to Segment’s board.


Hixme Insurance Solutions fetches $10.14 mln Series A

Kleiner Perkins Caufield & Byers has led a $10.14 million Series A funding round for Hixme Insurance Solutions. Dr. Beth Seidenberg has been added to Hixme’s board of directors. Also, the company has named Denny Weinberg, a former co-founder of Wellpoint, as CEO. Based in California, Hixme Insurance Solutions is a platform that helps employers transition to a private benefit exchange.


KPCB leads Series B round for Newsela

Newsela, a publishing platform that helps students improve their reading, has raised $15 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Mark Zuckerberg and Priscilla Chan, Women’s Venture Capital Fund, the John S. and James L. Knight Foundation and Owl Ventures. In conjunction with the funding, Brook Byers, a partner at KPCB, has been added to Newsela’s board of directors.

Elcelyx Therapeutics snaps up $40 mln Series E

San Diego-based Elcelyx Therapeutics, a developer of drugs for metabolic disorders, has secured $40 million in Series E funding. Sailing Capital led the round with participation from other investors that included Morgenthaler Ventures, Kleiner Perkins Caufield & Byers, Technology Partners and GSM Fund LLC. In addition to the funding, Elcelyx has appointed Liang Tsui, a managing director and partner of Sailing Capital, to its board of directors.


San Francisco AboutLife reels in $3 mln from KPCB

San Francisco startup AboutLife, a provider of free personal financial planning tools, has launched with $3 million in funding from Kleiner Perkins Caufield & Byers. In addition to the investment, Randy Komisar, a general partner at KPCB, has been named to AboutLife’s board of directors.

New York Yankees Hall of Famer Yogi Berra watches batting practice during a workout before a spring training baseball game against the Boston Red Sox at Legends Field in Tampa, Florida, in this March 17, 2008 file photo. Berra, a Hall of Fame catcher for the New York Yankees and one of baseball's most iconic players, has died, Major League Baseball said on September 22, 2015. He was 90-years-old.    REUTERS/Steve Nesius/Files

PE HUB First Read

First Read kicks off the mid-week with news that BBA Aviation is acquiring U.S. rival Landmark Aviation for $2 billion, Instagram now has 400 million users and Yankees legend Yogi Berra dies at 90.


VC-backed IronPlanet snaps up $55 mln

IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, has secured a $55 million credit facility. SunTrust Bank served as the administrative agent while SunTrust Robinson Humphrey was the lead arranger. IronPlanet’s backers include Accel Partners and Kleiner Perkins Caufield & Byers.


Crossbar picks up $35 mln Series D

Santa Clara, California-based Crossbar Inc, a provider of RRAM technology, has closed $35 million in Series D funding. Tyche Partners led the round with participation from other investors that included Artiman Ventures, CBC-Capital, Cheerful Link Ventures, Correlation Ventures, Kleiner Perkins Caufield & Byers, Korea Investment Partners, Northern Light Venture Capital, Oriza Holdings, SAIF Partners, Tao Invest and the University of Michigan. In addition to the funding, Weijie Yun, a founder and managing partner of Tyche Partners, has been added to Crossbar’s board of directors.


NEA leads Series C round for Coursera

Online education platform Coursera has raised $49.5 in Series C funding. New Enterprise Associates led the round with participation from other investors that included Kleiner Perkins Caufield & Byers, International Finance Corporation, Times Internet, GSV Asset Management and Learn Capital.


Cyber security company AlienVault raises $52 mln in late-stage funding

San Mateo, Calif.-based AlienVault, a provider of threat management and other cyber security services, announced it has raised $52 million in Series E funding led by new investor Institutional Venture Partners. Existing investors Trident Capital, Kleiner Perkins Caufield & Byers and GGV Capital also participated in the round. The company, founded in 2007, has now raised $116 million in total funding. As part of the latest round, Steve Harrick, general partner at IVP, has joined the board.

VC-backed Invuity appoints Mackaness as CFO

San Francisco-based Invuity Inc, a developer of advanced photonics devices, has named James H. Mackaness as chief financial officer. The appointment becomes effective August 24. Previously, Mackaness worked at IRIDEX Corp where he served as CFO and COO. Invuity’s backers include Wellington Management LLP, HealthCare Royalty Partners, Valence Life Sciences, InterWest Partners and Kleiner Perkins Caufield & Byers.


KPCB and Shasta Ventures back Leanplum

San Francisco-based Leanplum, a mobile lifecycle marketing provider, has secured $11.6 million in Series B funding. The investors were Kleiner Perkins Caufield & Byers and Shasta Ventures.

VC-backed SimpliVity hires Beaudoin as CFO

Westborough, Massachusetts-based IT infrastructure company SimpliVity has appointed Tom Beaudoin as chief financial officer. Prior to joining SimpliVity, Beaudoin worked at Nuance Communications where he served as executive vice president and CFO. SimpliVity’s backers include Waypoint Capital, Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers and Meritech Capital Partners.


Sequoia leads $70 mln round for Flipagram

Flipagram said Thursday that it has raised a $70 million round of financing led by Sequoia. Kleiner Perkins Caufield & Byers and Index Ventures joined in the round. Michael Moritz, chairman of Sequoia, and John Doerr, general partner at Kleiner Perkins Caufield & Byers, have joined Flipagram’s board. Flipagram is an app that lets users make highly social, short video stories.

Venture capitalist John Doerr shows a flexible solar panel during a panel discussion at the 2006 TechNet Innovation Summit at the Stanford University Memorial Auditorium in Stanford, California, November 15, 2006. REUTERS/Dino Vournas

PE HUB First Read

First Read kicks off the morning with news that Celgene is planning on acquiring Receptos for $7.2 billion, Uber settles a wrongful death lawsuit in San Francisco and Kleiner Perkins’ John Doerr says VCs are “pathetic” for excluding women.

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