SoftTech, Lowercase invest in family concierge service app Envoy

San Francisco-based Envoy announced it has raised $3 million in seed funding from SoftTech VCLowercase Capital and others to provide what it calls “family concierge” service for seniors and family caregivers in 17 U.S. markets. Other investors in the seed-stage deal include ENIAC Ventures, Structure Capital, Technicolor Ventures and Vayner/RSE, In addition, individual investors include Douglas Feirstein (founder of LiveOps, Hired); Raj Gajwani, Fabrice Grinda and Jose Marin of FJ Labs; Edward Park (COO of Athenahealth); Gary Swart (former CEO of ODesk); and Tyler Willis. Stephanie Palmeri, a principal at SoftTech VC, has joined the board.


Mobile marketing startup Kahuna snags $45 mln

Silicon Valley-based mobile marketing startup Kahuna has secured $45 million in Series B funding. Tenaya Capital led the round with participation from other investors that included Sequoia Capital and SoftTech VC.


Millennials-focused food network Spoon University takes in $2 mln seed

New York City-based Spoon University, a food media company for millennials, has secured $2 million in seed funding. SoftTech VC led the round, with participation from other investors that included Lerer Hippeau Ventures, Box Group, VaynerRSE, BBG Ventures, Project Mayhem Ventures, Kosinski Ventures, RuggedVC and MATH fund. In conjunction with the funding, Stephanie Palmeri of SoftTech VC, has been added to Spoon University’s board.

LaunchDarkly picks up $2.6 mln

LaunchDarkly, a platform that allows software teams to launch, test and optimize their features, has secured $2.6 million in funding, the company announced in a blog post on its site. The company’s backers include SoftTech VC, Bloomberg Beta, 500 Startups and Cervin Ventures. To read the post, visit here.


Doblet fetches $1.3 mln seed

San Francisco-based Doblet, a network of batteries on demand for charging phones, has secured $1.3 million in seed funding. SoftTech VC led the round.

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.


Poshmark snags $25 mln

Menlo Park, California-based Poshmark, a fashion community marketplace, has secured $25 million in funding. The investors were Mayfield, Menlo Ventures, Inventus Capital, Union Grove Venture Partners, Shea Ventures and SoftTech VC.


Educents collects $2.9 mln seed

Oakland, California-based Educents, an online marketplace for classroom products, has secured $2.9 million in seed funding. SoftTech VC led the round with participation from other investors that included Crosslink Capital, Deep Fork Capital, Kapor Capital and Learn Capital.


Visually picks up $3.3 mln in Crosslink-led round

Visually, a provider of on-demand creative services for companies, has received $3.3 million in funding. Crosslink led the round with participation from investors that included 500 Startups, Mitch Kapor Foundation and SoftTech VC.


Training platform Grovo nabs $15 mln Series B

New York City-based professional and digital training platform Grovo has raised $15 million in Series B funding. The investors were previous backers Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC.


Poka ropes in $2.5 mln in iNovia-led round

Social industrial platform Poka has closed $2.5 million in funding. The lead investor was iNovia Capital. SoftTech VC also participated in the round. Also, Poka has hired Nicolas Darveau-Garneau as an advisor.


Vidyard pulls in $18 mln Series B in BVP-led round

Kitchener, Ontario-based Vidyard, a provider of video marketing and sales enablement solutions, has received $18 million in Series B funding. Bessemer Venture Partners led the round with participation from return backers iNovia Capital, OMERS Ventures, Salesforce Ventures and SoftTech VC. In conjunction with the funding, Byron Deeter, a partner at Bessemer Venture Partners, has been added to Vidyard’s board of directors.


Cendana raises a $50 mln fund of funds

Cendana Capital has closed on a new $50 million fund of funds and raised money for a direct investment fund, Managing Partner Michael Kim said. The new fund, Cendana Capital II, is a step up from Cendana’s first fund, which was $28.5 million.

Drone quadcopter released to monitor Indonesia's Mount Sinabung volcano. By  REUTERS/Beawiharta

Top 10 posts: venture capital

Trending in VC deals this week: unmanned aerial vehicles (aka drones), wearable technology, mobile tech for online education, employee-scheduling software, tech talent development program and cloud security.


Shippo bags $2 mln in round led by SoftTech VC

San Francisco-based Shippo, which simplifies shipping for ecommerce vendors and partners, has received $2 million in seed funding. SoftTech VC led the round with participation from other investors that included Version One Ventures, 500 Startups, Slow Ventures and Funders Club.

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