NJ finds no pay-to-play violation in General Catalyst commitment

New Jersey state Treasury investigators found no wrongdoing in venture firm General Catalyst’s decision to not report a political contribution from one of its executives-in-residence – now Massachusetts Gov. Charlie Baker – months before the state pension committed millions to the firm.


TweeIX raises $200K in Series A funding

TweeIX, a Nashville-based platform to connect accredited crowdfunding to music royalties, has raised $200,000 in Series A funding. Investors in the funding round included La Ragazza & Associates and Atlantic Merchant Capital Investors.

QASymphony raises $2.5 mln in Series A funding

Buckhead Investment Partners, Poplar Ventures and KMS Technology have led a $2.5 million Series A funding round in QASymphony, which provides software testing for mid-size and large organizations. Jamie Hamilton, a managing partner at Buckhead, is joining QASymphony’s board.


Trinity Ventures leads $11 mln funding in MileIQ

Trinity Ventures has led an $11 million funding round in MileIQ, a smart mileage tracker. Other investors in the funding include prior seed investors CRV, Marc Benioff, SV Angel and a group of Silicon Valley angels. Trinity Ventures general partner Karan Mehandru will join MileIQ’s board.


Siva Power raises $10 mln for solar projects

Siva Power, a solar energy company, has raised $10 million from several sources, including $4 million in funding from DBL Investors, Medley Partners and Acero Capital. Siva also converted $3 million in debt financing the company received in May 2014 from Trident Capital, DBL, Medley and Acero, as well as the city of Wuxi, China as a new investor. The company also received $3 million from the U.S. Department of Energy SunShot Initiative, bringing total capital raised to $10 million.


Fashion Project raises $7.2 mln from investor group

Fashion Project, an online clothing donation company, has raised $7.2 million in Series A funding from a group of investors. Investors in the funding round include Second Time Around, Simon Venture Group, Burch Creative Capital, Robert Hall of Vera Bradley, RiverPark Ventures, Schooner Capital and Abundance Partners. Fashion Project donates the majority of net proceeds of each sale to the charity of the donor’s choice.


Catalyst sets out to raise $350 mln fourth venture fund

Catalyst Investors has set out to raise a $350 million fourth venture fund, according to an SEC filing. A first close has not yet taken place, the document states. The New York firm’s previous $213 million fund was raised in 2011, according to data from Thomson Reuters.

Tech Coast Angels sets record last year with $16.4 mln invested

For the Tech Coast Angels, 2014 was the busiest year ever, with $16.4 million placed in 61 deals, according to a press release. Both capital dispersed and deals funded set records for the group, which was formed in 1997. Investment dollars were up 12 percent from 2013, the release stated.


Time Warner Investments leads $17 mln funding in Mashable

Time Warner Investments has led a $17 million Series B funding round in Mashable, which provides news, information and other resources. The capital will allow Mashable to hire more than 100 more employees. All major investors will take part in the Series B funding. Rachel Lam will join Mashable’s board. The funding round brings Mashable’s total capital raised to $31 million since 2005.


Atlas Genetics raises $20 mln Series C funding

Atlas Genetics, which develops diagnostic tests for infectious diseases, has raised $20 million in Series C funding from an investor group including new investor RMI Partners. Existing investors include Novartis Venture Funds, Consort Medical plc, Johnson & Johnson Innovation — JJDC, Inc., LSP, BB Biotech Ventures and South West Ventures Fund. Atlas Genetics previously raised $25 million in Series B funding.

Arsenal Venture Partners promotes Jennifer Dunham to partner

Arsenal Venture Partners has promoted Jennifer Dunham to partner. Dunham leads the firm’s focus in Florida and is involved in sourcing deals and working with portfolio companies. Dunham is a founding member of the Arsenal Venture team and has been with the firm since inception. She leads Arsenal Venture’s Florida Opportunity Fund, which focuses on fund of funds, direct and infrastructure investments benefiting Florida.


Accel Partners leads $25 mln Series B funding in Deliveroo

Accel Partners has led a $25 million Series B funding round in Deliveroo, a food delivery service. Other participants in the funding round include Index Ventures, Hoxton Ventures and Hummingbird Ventures. Funding will help Deliveroo expand in the UK and internationally. The company already operates in London and Brighton. Accel Partners’ Fred Destin will join Deliveroo’s board.

Arsenal Venture hires Huron River Ventures co-founder as partner

Arsenal Venture Partners has hired Ryan Waddington as a partner. Waddington will lead the firm’s focus in the midwest region and be involved in sourcing investments and working with Arsenal’s portfolio companies. Prior to Arsenal Venture, Waddington co-founded Huron River Ventures. He also helped build the energy-focused private equity group at Ziff Brothers Investments.


Techstars raises $150 mln third fund

Techstars Ventures said it has raised a $150 million third fund to make seed and Series A investments in companies emerging from the Techstars ecosystem, including its accelerator program.


RedShelf avoids VC, raises $2 mln in Series A funding

RedShelf, a Chicago-based distributor of e-textbooks, has raised $2 million in Series A funding from the National Association of College Stores and previous investors, but chose to avoid venture capital investors. RedShelf plans to partner with 350 bookstores this year building on its 2014 growth that went from 20 bookstores to 160. RedShelf originally raised $1 million from angel investors in Detroit, where the company’s co-CEOs grew up.


Roadie launches with $10 mln in Series A funding

Roadie, Inc, a mobile app that tries to link up people who need things delivered with drivers with unused passenger capacity in their vehicles, has raised $10 million in Series A funding. Investors participating in the funding round include UPS Strategic Enterprise Fund, TomorrowVentures, Warren Stephens of Stephens Inc., Guggenheim Partners Executive Chairman Alan Schwartz, Square co-founder Jim McKelvey, the Mellon Group and former ISS CEO Tom Noonan.

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