Grovo rakes in $40 mln Series C

By Iris Dorbian — 3 weeks ago

New York City-based Grovo, a platform for the modern workforce, has raised $40 million in Series C funding. Accel led the round with participation from Costanoa Venture Capital, SoftTech VC, Greg Waldorf and Vayner Capital.

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Vidyard picks up $35 mln in Battery Ventures-led round

By Iris Dorbian — 3 weeks ago

Canada-based Vidyard, a video platform that helps businesses, has raised $35 million in Series C funding. Battery Ventures led the round with participation from return backers Bessemer Venture Partners, Salesforce Ventures, OMERS Ventures, iNovia Capital and SoftTech VC. In conjunction with the funding, Michael Brown, a general partner at Battery Ventures, has been added to Vidyard’s board of directors.

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SoftTech, Lowercase invest in family concierge service app Envoy

By Alastair Goldfisher — 5 months ago

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.

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

By Iris Dorbian — 7 months ago

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.

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LaunchDarkly picks up $2.6 mln

By Iris Dorbian — 8 months ago

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.

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NVCA appoints True Ventures’ Callaghan as chairman

By Iris Dorbian — 9 months ago

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.

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Poshmark snags $25 mln

By Iris Dorbian — 10 months ago

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.

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Educents collects $2.9 mln seed

By Iris Dorbian — 10 months ago

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.

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

By Iris Dorbian — 1 year ago

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.

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