Branson backs smart doorbell maker Ring

Santa Monica, California-based smart doorbell creator Ring has secured $28 million in Series B funding. Sir Richard Branson, Shea Ventures and American Family Insurance led the round with participation from other investors that included True Ventures and Upfront Ventures.


Hardware startup LittleBits snags $44.2 mln

New York-based hardware startup LittleBits Electronics Inc has raised $44.2 million in funding. DFJ Growth led the round with participation from other investors that included Morgan Stanley Alternative Investment Partners​, Grishin Robotics, Wamda Capital, Foundry Group​, True Ventures,​ VegasTechFund​, Two Sigma Ventures​ and Khosla Ventures​. In conjunction with the funding, Barry Schuler of DFJ Growth, has been added to the LittleBits board.


HR platform Namely snaps up $45 mln

New York City-based human resources platform Namely has secured $45 million in Series C funding. Sequoia led the round with participation from Matrix Partners, True Ventures, Lerer Hippeau Ventures and Greenspring Global Partners. Also, the company has hired Debra Squyres as vice president of client services.


Data Collective leads Series A round for Zymergen

Emeryville, California-based chemicals maker Zymergen has raised $44 million in Series A funding. Data Collective led the round with participation from AME Cloud Ventures, Draper Fisher Jurvetson, HVF, Innovation Endeavors, Obvious Ventures, True Ventures and Two Sigma Ventures.


True Ventures leads funding of Connectifier

Costa Mesa, Calif.-based Connectifier announced it has raised a $6 million Series A round of funding led by True Ventures. Galeo Ventures, Okapi Ventures and individual investors Sean Ellis, Andrew Chen, Jonathan Downey and James Hong also participated in the round. The company, founded in 2012 by a team of former Google engineers, develops recruiting software for use by in-house and contract recruiters to find job candidates.


True Ventures to raise $175 mln select fund

True Ventures says it plans to raise a $175 million select fund, according to an SEC filing. The fund – True Ventures Select 1 – would be the firm’s first select fund, No first close has taken place, the document states. True portfolio company Fitbit last week unveiled its plans to conduct an IPO.

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.


Peloton grabs $30 mln Series C

Home fitness equipment retailer Peloton has raised $30 million in Series C funding. True Ventures and Tiger Global Management led the round.


Redpoint Ventures leads $30 mln round for Duo Security

Ann Arbor, Michigan-based Duo Security, a provider of cloud-based access security solutions, has received $30 million in Series C funding. Redpoint Ventures led the round with participation from return backers Benchmark, Google Ventures, Radar Partners and True Ventures.


Bessemer, True back npm

Oakland-based npm Inc, a provider of software tools for JavaScript developers, has raised $8 million in a Series A round. Bessemer Venture Partners led the round, which included True Ventures. As part of the funding, Bessemer Partner Ethan Kurzweil has joined the company board.

VC-backed Metamarkets adds Payne to board

Metamarkets, a provider of programmatic marketing analytics, has named Jim Payne to its board of directors. Payne is the founder and former CEO of MoPub, a mobile ad exchange that was acquired by Twitter. Metamarkets is backed by Data Collective, Khosla Ventures, Village Ventures, IA Ventures and True Ventures.

ProsperWorks nabs $7.5 mln Series A

San Francisco-based ProsperWorks, a provider of CRM solutions for Google Apps, has closed its Series A funding at $7.5 million. True Ventures led the round with participation from other investors that included Bloomberg Beta and Crunchfund.


Hedvig nabs $12.5 mln

Santa Clara, California-based software-defined storage company Hedvig has raised $12.5 million in funding. The investors were Atlantic Bridge Capital, True Ventures and Redpoint Ventures.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget