Uber China closes $1 bln fundraising round: Reuters

Uber Technologies Inc’s China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition.


Formation 8 Hardware Fund leads $7 mln funding in Augury

Formation 8 Hardware Fund led a $7 million Series A funding round in Augury, a predictive machine diagnostics company. Other investors in the funding include Pritzker Group Venture Capital, as well as existing investors First Round Capital and Lerer Hippeau Ventures.

TCP Venture Capital leads $5.7 mln funding in Link Labs

TCP Venture Capital led a $5.7 million funding round in Link Labs, which develops low-power, wide-area network technologies for the Internet of Things. Other investors in the funding include Maryland Venture Fund, Blu Venture Investors as well as individual and existing investors.


Blumberg, RPM Ventures lead $6 mln funding in Able

Blumberg Capital and RPM Ventures led a $6 million Series A funding round in Able, which provides loans and connects small businesses into a network of borrowers. Other investors in the funding include Peterson Partners and Expansion Ventures AngelList Syndicate.


North Bridge leads $25 mln investment in Spoonflower

North Bridge Growth Equity led a $25 million investment in Spoonflower, which provides on-demand digital printing of custom fabric, wallpaper and gift wrapping. Bull City Venture Partners participated in the investment. North Bridge Partners Russ Pyle and Holly Maloney, along with David Jones from Bull City, will join Spoonflower’s board.


DynoSense raises $9.4 mln in Series A funding

DynoSense, which develops health scanner technology, closed a $9.4 million Series A funding round with participation from WI Harper Group, JKOM Cloud Health Technology Co; Plug and Play Tech Center; Jinmao Capital; and Wilson, Sonsini, Goodrich and Rosati. The company is working toward a submission to the U.S. Food and Drug Administration for regulatory clearance of its technology.


Insight Venture leads $50 mln investment in AMCS

Insight Venture Partners led a $50 million investment in AMCS, a software company for the waste and recycling industry. The other investor in the funding round was Strategic Investment Fund. Euan Menzies, managing director at Insight, will join AMCS’s board.

Cultivation Capital leads $1.6 mln funding in BlueStrata

Cultivation Capital led a $1.6 million funding round in BlueStrata, which provides an electronic health record system built for the long-term care market. Cultivation invested $500,000. Bill Schmidt, managing partner of Cultivation, will join the BlueStrata board.


Aquiline, Insight Venture invest in Fenergo

Aquiline Capital Partners invested in Fenergo, which provides management software for financial institutions. Insight Venture Partners co-invested alongside Aquiline. Vincenzo La Ruffa, head of financial technology at Aquiline, will join Fenergo’s board.

Lian Luo leads $24 mln Series B funding in Avegant

Lian Luo, a Chinese mobile internet products provider, led a $24 million Series B funding round in Avegant, which makes virtual reality headsets. Existing investors Intel Capital and NHN Investment participated in the funding, along with The Bunting Family Fund, a new investor. Avegant expects to ship its first Glyph personal media player product by the end of 2015.

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