PlanGrid snaps up $18 mln from Sequoia

Construction software provider PlanGrid has secured $18 million in Series A funding from Sequoia Capital. In addition to the funding, Doug Leone, a partner at Sequoia, has been added to PlanGrid’s board of directors.


Lightspeed leads funding for marketing software developer Percolate

New  York-based Percolate, which provides a marketing software platform, announced it has raised a $40 million Series C round of funding led by Lightspeed Venture Partners. Existing investors Sequoia Capital, GGV Capital, First Round Capital and Lerer Hippeau Ventures also participated in the round. The company, founded in 2011, has now raised $74.5 million in total venture funding.


Tencent invests in Pocket Gems

Tencent has acquired a minority stake in Pocket Gems, a San Francisco-based developer of mobile games. Financial terms weren’t announced. The Wall Street Journal said Tencent has acquired a 20 percent stake for $60 million. Sequoia Capital is an investor of Pocket Gems.


MarkLogic scores $102 mln

Silicon Valley-based database platform provider MarkLogic Corporation, has secured $102 million in funding. Wellington Management Company LLP led the round with participation from other investors that included Arrowpoint Partners, Northgate Capital, Sequoia Capital and Tenaya CapitalAllen & Company provided financial advice to MarkLogic on the transaction.

Minaee joins Guardiant Health

Guardant Health said Thursday that it hired Mort Minaee as VP of Regulatory Affairs. Most recently, Minaee was the Senior Director of Regulatory Affairs at Roche-Ventana Medical Systems. Redwood City, California-based Guardant Health, a cancer testing provider, has raised $100 million in VC funding. Investors include Lightspeed Venture Partners, Formation8, Khosla Ventures and Sequoia Capital.

NVCA appoints True Ventures’ Callaghan as chairman

The National Venture Capital Association has named Jon Callaghan chairman of its board of directors. A founder and general partner of True Ventures, Callaghan is succeeding Scott Sandell, general partner of New Enterprise Associates. In addition to this appointment, ten new board members were announced at NVCA’s annual meeting held in San Francisco. Among them are Mike Carusi, general partner of Lightstone Ventures; Jeff Clavier, founder and managing director of SoftTech VC; Michael Dixon, a partner at Sequoia Capital; and Mary Meeker, a partner at Kleiner Perkins Caufield & Byers.

App Annie buys VC-backed Mobidia

According to a blog post on its site, App Annie has acquired Canadian mobile measurement company Mobidia. No financial terms were disclosed. App Annie’s backers include Institutional Venture Partners, Sequoia Capital, Greycroft Partners and IDG Capital Partners while Mobidia’s backers include BDC Venture Capital, British Columbia Discovery Fund and B.C. Advantage Funds. To read the announcement, visit here.


Adallom snaps up $30 mln

Palo Alto, California-based Adallom, a cloud access security broker, has secured $30 million in funding. The investors included Hewlett Packard Ventures, Rembrandt Venture Partners, Sequoia Capital and Index Ventures. In conjunction with the funding, Rembrandt’s Gerald Casilli has been added to Adallom’s board.

Visitors walk at the Alcatel-Lucent booth at the Mobile World Congress in Barcelona

peHUB First Read

First Read ushers in your morning with news Nokia is in talks to acquire rival Alcatel-Lucent, top 1% pay nearly half of federal income taxes and visa applications from highly skilled tech and science workers in U.S. hit record high.


VarageSale raises $34 mln

VarageSale has raised $34 million from investors including Sequoia Capital and Lightspeed Ventures. Toronto-based VarageSale, a virtual garage sale, is an app where users can buy and sell items.


KPCB leads Series B round for DoorDash

On-demand delivery company DoorDash has secured $40 million in Series B funding, it was announced in a blog post. Kleiner Perkins Caufield & Byers led the round with participation from return backers Sequoia Capital, Khosla Ventures and Charles River Ventures. In conjunction with the funding, John Doerr of KPCB has been added to the company’s board. To read more about the funding, visit here.



Security Scorecard fetches $12.5 mln

New York City-based Security Scorecard, a provider of global threat intelligence and risk awareness, has raised $12.5 million in Series A funding. Sequoia Capital led the round with participation from previous backers Boldstart and Evolution Equity Partners. In conjunction with the funding, Michael Goguen, a partner at Sequoia, has been added to Security Scorecard’s board.


Norwest leads funding round for Health Catalyst

Health Catalyst, a provider of healthcare data warehousing services, announced it has raised $70 million in new funding, bringing the total amount raised by the Salt Lake City-based company to $170 million. Existing investor Norwest Venture Partners led the latest round, which included other previous investors Sequoia Capital, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital and Partners HealthCare. New investors Sands Capital Ventures, Tenaya Capital, Epic Ventures and Leavitt Equity Partners also participated.


Birst raises $65 mln led by Wellington

Birst, a provider of cloud-based business intelligence and analytics, has raised $65 million in funding.  Wellington Management Company LLP led the round and was joined by existing investors Sequoia Capital, Hummer Winblad, DAG Ventures and Northgate Capital. The San Francisco-based company has now raised $156 million in total financing.


Sequoia leads $8.7 mln round for Orbital Insight

Orbital Insight said it raised $8.7 million of Series A financing in a round led by Sequoia Capital and joined by new investor Google Ventures and existing investors Bloomberg Beta, citizen.vc and Lux Capital. Sequoia Partner Bill Coughran has joined the board. 

VC-backed Docker buys Kitematic

Docker Inc has acquired Kitematic, an open source software tool provider. No financial terms were disclosed. Docker is backed by AME Cloud Ventures, Benchmark, Greylock Partners, Insight Venture Partners, Sequoia Capital, SV Angel, Trinity Ventures and Y Combinator.

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