597 Views

E-commerce site Jet raises $140 mln

Stealth e-commerce startup Jet announced it has raise $140 million in new funding led by Bain Capital Ventures. Also participating in the round are Accel Partners, Coatue Management, General Catalyst Partners, Goldman Sachs, Google Ventures, MentorTech Ventures, New Enterprise Associates, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive Capital and others.

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Instacart snags $220 mln Series C

Instacart, an on-demand grocery service, has raised $220 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Comcast Ventures, Dragoneer Investment Group, Thrive Capital, Valiant Capital, Andreessen Horowitz, Khosla Ventures and Sequoia.

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Redpoint Ventures leads Series A round for Memoir

New York City-based photo sharing app Memoir has raised $5.5 million in Series A funding. Redpoint Ventures led the round with participation from other investors that included Thrive Capital, Founder Collective, Box Group, Lerer Hippeau Ventures and Joel Spolsky.

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Assembly snags $2.9 mln

Assembly, a community platform that pairs developers, designers and others to help create software apps, has received $2.9 million in funding. Union Square Ventures led the round with participation from other investors that included Thrive Capital, Box Group and Collaborative Fund.

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Beauty products startup Glossier grabs $8.4 mln Series A

Beauty brand Glossier has closed $8.4 million in Series A funding. Thrive Capital led the round with participation from other investors that included 14W, TOMS Capital, Manzanita Capital, WME, Forerunner Ventures and Lerer Hippeau Ventures.

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BVP and Thrive Capital leads Series A round for Hightower

Hightower said Thursday that it has closed $6.5 million in Series A funding. Bessemer Venture Partners and Thrive Capital led the round with participation from previous backers that included RRE Ventures and Red Swan Ventures. Based in New York City, Hightower is an online platform for the commercial leasing sector.

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Real estate platform Urban Compass snags $40 mln Series B

New York City-based real estate platform Urban Compass has received $40 million in Series B funding. The investors included Thrive Capital, Founders Fund, .406 Ventures, Salesforce.com CEO Marc Benioff, American Express CEO/Chairman Kenneth Chenault and Condé Nast parent company Advance Publications. According to the firm, the capital infusion will be used for growth and expansion as well as invest more in technology.

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Thrive Capital leads Series A round for Spring

Spring has secured $7.5 million in Series A funding. Thrive Capital led the round with participation from investors that included Founder Collective, Google Ventures, Groupe Arnault, Lerer Hippeau Ventures, Novel TMT, Plus Capital, Slow Ventures and SV Angel. Spring is a mobile marketplace set to launch later this summer.

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SAP Ventures leads $20 mln Series C funding in Jibe

SAP Ventures has led a $20 million Series C funding round in Jibe, Inc., a recruitment technology company. SAP Ventures’ Doug Higgins will join Jibe’s board of directors. Existing investors Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital also participated in the funding round. Jibe has raised a total of $37 million in funding to date.

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New health insurance firm Oscar racks up $80 mln

According to a post on its site, Oscar, a new health insurance firm, has closed $80 million in Series A funding. Formation8 led the round with participation from Breyer Capital, Stan Druckenmiller, Founders Fund, Thrive Capital, Khosla Ventures and General Catalyst Partners. To read details about the funding, visit here.

VC-backed SHIFT hires MD for UK and Europe

SHIFT has named Kate Burns as managing director of its UK and European operations. Burns is the former CEO of AOL Europe. Headquartered in Los Angeles, SHIFT is a provider of marketing solutions for social advertisers. It is backed by Lerer Ventures, Thrive Capital, Founder Collective, Rincon Venture Partners, Baroda Ventures, Crosscut Venture Partners and DN Capital.

Zola closes Series A led by Thrive

Zola has closed a $3.25 million Series A round of funding led by Thrive Capital. Joshua Kushner, founder and managing partner of Thrive Capital, will join Zola’s board of directors.

Reuters – Dwolla Raises $16.5m from Andreessen Horowitz

Online payment network Dwolla has pulled in $16.5 million in a third funding round led by venture capital firm Andreessen Horowitz, according to VentureBeat. Previous investors Village Ventures, Thrive Capital, and Union Square Ventures also contributed. Dwolla raised its $5 million Series B round in February 2012.

NEA Backs 42Floors

42Floors announced in a blog post this morning that it has raised a $12.3 million Series B round of funding that was led by New Enterprise Associates and includes Bessemer Venture Partners and Thrive Capital, two of the company’s Series A investors, and new investor Columbus Nova Technology Partners.

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VC Takes Off in Brazil, But First, a Giant Leap of Faith

There’s no question that Brazil is quente. Just last Friday, it was announced that Accel Partners has made its fifth investment in Brazil, in Kekanto, a local review and search site. As Accel’s Andrew Braccia told the New York Times, his firm — which didn’t disclose the size of the funding — has seen “an […]

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