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Index Ventures leads $30 mln Series A for BitPay

BitPay said Tuesday it has raised $30 million in Series A funding led by Index Ventures. Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures also participated. Atlanta-based BitPay said it processes $1 million per day in bitcoin payments for over 30,000 merchants. Bit Pay, payment service provider, said total accumulated investment has reached $32.7 million.

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True Ventures leads seed round for Understory

Understory said Wednesday that it has closed $1.9 million in seed funding. True Ventures led the round with participation from RRE Ventures, Vegas Tech Fund, SK Ventures and Andrew C. Payne. Based in Boston, Understory is a provider of next-generation weather sensor hardware and data networks.

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RRE Ventures closes $280 mln for sixth fund

New York-based RRE Ventures has raised $280 million in the final close of its sixth fund. Its LP base includes financial service firms, insurance companies, family offices, foundations and endowments.

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3D printing company SOLS Systems raises $6.4 mln

SOLS Systems, a maker of 3D printing technology focused on orthotics, has announced it has raised a $6.4 million round of funding led by Lux Capital. Also participating in the Series A round is new investor Founders Fund as well as existing investors RRE Ventures, Rothenberg Ventures, Felicis Ventures, FundersGuild and Grape Arbor VC. The New York-based company has now raised just over $8.1 million in total funding since it was launched in 2013.

Electric Cloud grabs $4 mln

Electric Cloud said Tuesday that it has received an additional $4 million in Series E funding, bringing the round’s total tally to $12 million. The investors included Siemens’ Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners. Headquartered in Sunnyvale, Calif., Electric Cloud is a provider of software solutions.

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VC-backed OnDeck hires new SVP of technology

OnDeck has hired Pamela Rice as senior vice president of technology. Previously, Rice worked at PayPal. Headquartered in New York City, OnDeck, which is backed by Google Ventures, SAP Ventures, RRE Ventures, Tiger Global and Institutional Venture Partners, is a small business lender.

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RRE begins raising $250M sixth fund

RRE Ventures has begun raising a sixth fund with a target of $250 million, according to a filing with the Securities and Exchange Commission. The New York’s firm’s previous fund, RRE Ventures V from 2011, was $230 million in size and RRE Ventures IV from 2006 was $300 million, according to Thomson Reuters, publisher of peHUB.

Shake secures $3m VC funding

Mobile-first legal startup Shake has raised $3 million in venture capital financing. SoftBank Capital led the Series A round of funding with participation from existing investor RRE Ventures and from new investors BoxGroup, ENIAC Ventures, Mesa+, WGI Group, and Patrick Keane.

On Deck Raises $17M From Google Ventures, Peter Thiel, Industry Ventures

On Deck said it raised $17 million as an expansion of its Series D financing in a deal led by Google Ventures and joined by PayPal co-founder Peter Thiel and Industry Ventures. The Series D now totals $59 million, with $42 million having closed in February. The first tranche of Series D financing was led by Institutional Venture Partners and joined by RRE Ventures, SAP Ventures and First Round Capital.

Flash Storage Company WhipTail Raises $31M Series C

WhipTail, a Whippany, N.J.-based flash based storage company, has raised a $31 million Series C round of funding from SanDisk, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing and the company said an unnamed Silicon Valley industry titan also invested.

New Enterprise Leads $35 Mln Round for Braintree

Braintree said Wednesday that it raised a $35 million Series B round of funding led by New Enterprise Associates . Existing investors, including Accel Partners, RRE Ventures and Greycroft, also participated. Chicago-based Braintree, a payments platform for online and mobile commerce, has raised a total of $70 million in funding.

Quirky Raises $68 Million Series C Led by Andreessen Horowitz

The New York-based Quirky, a three-year-old product development company that relies on the wisdom of crowds, has raised $68 million in Series C funding led by Andreessen Horowitz, with “significant participation” from new investor Kleiner Perkins Caufield & Byers. Previous investors Norwest Venture Partners and RRE Ventures also participated in the round, which has brought […]

On Deck Founder Named Co-Chair of One in Three

Technology platform On Deck has announced that its founder and former chief executive officer Mitch Jacobs has been named co-chairman of the One in Three Leadership Council, a non-profit initiative of the Association for Enterprise Opportunity. The council’s goal is to create new jobs by reaching 1 million microbusinesses throughout the US. On Deck is […]

Copiun Secures $5m Led by Novak

Copiun, a provider of secure mobile collaboration solutions has closed the final tranche of its $5 million Series A funding led Novak Biddle Venture Partners. Additional investors include RRE Ventures and local angel investors. Headquartered in Marlborough, Mass, Copiun was founded in late 2008. PRESS RELEASE Copiun Inc., provider of the first and only secure […]

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