Bitcoin exchange itBit picks up $25 mln

New York and Singapore-based bitcoin exchange itBit has secured $25 million in funding. The investors included RRE Ventures, Liberty City Ventures and Raptor Capital Management Chairman James Pallotta. In addition to the funding, itBit has appointed former Senator Bill Bradley, former FDIC Chairman Sheila C. Bair and former FASB Chairman Robert H. Herz to its board of directors.


Noom scores $16.15 mln Series B

Mobile health company Noom Inc has secured $16.15 million in Series B funding. InterVest Co. Ltd led the round with participation from LB Investment, Hanmi IT, RRE Ventures, TransLink Capital and Qualcomm Ventures.


Shuddle nets $9.6 mln Series A

Family-focused rideshare service Shuddle has raised $9.6 million in Series A funding. RRE Ventures led the round with participation from other investors that included Comcast Ventures, Forerunner Ventures and Accel Partners.


Collective Health snags $38 mln Series B

San Mateo, California-based Collective Health, a self-insurance platform provider, has raised $38 million in Series B funding. Founders Fund and New Enterprise Associates led the round with participation from Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital and Rock Health.


CoverHound raises $14 mln

CoverHound said Monday it raised $14 million in Series B financing with participation from existing investors RRE Ventures, Blumberg Capital and Bullpen Capital. New investors Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures, the venture capital arm of American Family Insurance also took part. San Francisco-based CoverHound helps consumers find, compare and purchase insurance policies on one site. The company has raised over $20 million in VC funding.


DriverUp grabs $50 mln Series A

Car financing marketplace DriverUp has raised $50 million in Series A funding for its launch. Emerald Development Managers and RRE Ventures led the round.


Moda Operandi attracts $60 mln Series E

Online luxury retailer Moda Operandi has secured $60 million in Series E funding. Fidelity Investments led the round with participation from investors that included New Enterprise Associates, Advanced Publications Inc, the parent company of Conde Nast, New Atlantic Ventures, LVMH and RRE Ventures.


Family robot maker Jibo raises $25.3 mln Series A

Jibo, which develops a connected, consumer robot for the home, announced it has raised $25.3 million in Series A funding. RRE Ventures led the round, with participation from CRV, Flybridge Capital Partners, Fairhaven Capital Partners, Two Sigma, Formation 8, Samsung Ventures, Osage Venture Partners and individual investors. The Cambridge, Mass.-based company had previously raised an undisclosed amount of seed funding, led by CRV. Jibo held a crowdfunding campaign on Indiegogo from mid-July to mid-September last year in which it pre-sold 4,800 units and raised $2.8 million. The product acts like a smart assistant, reminding users of tasks and interacting with the household. 

Accion Systems nabs $2 mln seed

Accion Systems has raised $2 million in seed funding. FF Science led the round with participation from other investors that included RRE Ventures, SDF Ventures, Founder Collective, Galvanize Ventures and Slow Ventures. Based in Cambridge, Mass., Accion Systems is a developer of advanced propulsion systems.


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.”


Kik Interactive picks up $38.3 mln Series C, also acquires Relay

Kik Interactive has closed $38.3 million in Series C funding. Valiant Capital Partners led the round with participation from Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital and Union Square Ventures. Also, Kik has bought GIF messenger Relay. No financial terms were disclosed. Headquartered in Waterloo, Ontario, Kik is a maker of chat network Kik.


Managed by Q nabs $1.65 mln seed

Managed by Q has secured $1.65 million in seed funding. The investors included Homebrew Ventures, RRE Ventures and Semil Shah of Haywire VC. Managed by Q is a smart office cleaning, maintenance and management platform.

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