Norwest leads $48 mln funding in Omada Health

San Francisco-based Omada Health announced it has raised $48 million in a Series C round of funding led by Norwest Venture Partners. Also participating in the round are strategic investors Humana Inc and Providence Health & Services, as well as existing investors U.S. Venture Partners, Rock Health and Andreessen Horowitz and new investors GE Ventures and dRx Capital.


ReShape Medical racks up $38 mln

San Clemente, California-based ReShape Medical, a weight loss-focused medical device company, has closed $38 million in Series D funding. HealthCor Partners Management LP led the round with participation from Endeavour Vision SA, SV Life Sciences, New Leaf Venture Partners, U.S. Venture Partners and Venture Investors.

ZypMedia raises $4.4 mln

ExtendTV, which has rebranded as ZypMedia Inc., has completed a $4.4 million Series B funding round led by Sinclair Broadcast Group Inc. U.S Venture Partners also took part. San Francisco-based ZypMedia is an enterprise software company for local advertising.


Salesforce leads $60 mln strategic funding for InsideSales

InsideSales.com, a provider of a cloud-based sales analytics platform, has raised a $60 million strategic round of funding led by existing investor Salesforce Ventures. Also participating in the funding are Microsoft and existing backers Polaris Partners, Kleiner Perkins Caufield & Byers, Hummer Winblad Venture Partners, U.S. Venture Partners and Zetta Venture Partners. The Provo, Utah-based company, which was valued at about $1 billion at its last funding in April 2014, has now raised $203 million in total funding.


Enterprise storage provider Exablox raises $16 mln; Dell joins as strategic investor

Enterprise storage company Exablox has raised a $16 million Series C round of funding. Dell Ventures joins the round as a new investor, along with existing backers DCM Ventures, Norwest Venture Partners and U.S. Venture Partners. Sunnyvale, Calif.-based Exablox, which was founded in 2010 to provide storage services for businesses, has now raised $38.5 million in total funding.


Livefyre announces $47 mln in funding as Adobe and Salesforce Ventures join investors

Livefyre, an enterprise software provider that helps companies engage with customers online, announced it has raised $47 million in funding from new investors Adobe and Salesforce Ventures, as well as existing backers Cue Ball, Greycroft Partners, Hillsven Capital and U.S. Venture Partners. The funding includes a recently closed $32 million Series D round and a previously unannounced $15 million Series C2 round. The San Francisco-based company has now raised $67.3 million in total funding.


Box IPO raises $175 mln

Box Inc. said late Thursday it raised $175 million when it priced 12.5 million shares at $14 each via joint book-runners Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC. Underwriters on the deal have a 30-day option to buy an additional 1.875 million shares. Box will trade Friday on the NYSE under the ticker “BOX.” Box, the online storage company, is backed by venture capital firms including Draper Fisher Jurvetson, U.S. Venture Partners and Coatue Management.


CardioKinetix racks up $50 mln

CardioKinetix, a Menlo Park, Calif.-based medical device firm, has received $50 million in funding. Edwards Lifesciences Corp. led the round with participation from return backers U.S. Venture Partners, Tekla Healthcare Investors, Tekla Life Sciences Investors, SV Life Sciences, Panorama Capital, New Leaf Venture Partners and Lexington Private Equity. CardioKinetix has also inked an agreement with Edwards Lifesciences Corp. that gives the latter company the option to acquire CardioKinetix “based on future regulatory milestones.”


Risk I/O picks up $4 mln Series A

Chicago-based vulnerability threat management platform Risk I/O has received $4 million in Series A funding. Costanoa Venture Capital led the round with participation from return backers U.S. Venture Partners, Tugboat Ventures and Hyde Park Angels. In conjunction with the funding, Neill Occhiogrosso, a partner at Costanoa Venture Capital, has been appointed to the company’s board of directors.


Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.


Bubble-year funds struggle to get ahead: VCJ

Many bubble-year funds still struggle to turn the corner. This is the case at the Employees’ Retirement System of the State of Hawaii, where mixed results describe a portfolio of 23 funds with vintages of 1998, 1999 and 2000.


Vadio picks up $2 mln seed

Vadio said Thursday that it has received $2 million in seed funding round. The investors included Ed Wilson, former president of NBC Enterprises; Robin Richards, former CEO of Vivendi Universal Net USA; Marc Geiger, co-founder of Lollapalooza and partner at William Morris Endeavor; Irwin Federman, partner at US Venture Partners and former board member of the National Venture Capital Association; Mucker Capital and Amplify.LA. Headquartered in Portland, Oregon, with an office in Los Angeles, Vadio is a distribution platform for music video content and online ads.

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