Daily Funding Roundup


Daily funding roundup - January 7, 2016

Guardant Health raised $100M; Founders Fund invested $52M in NuBank; Sisense received $50M funding

Innovation series by Mitos Suson
January 7, 2016
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  • IQuity Labs, a Nashville, TN-basedbiotechnology company specializing in diagnostic tests for autoimmune disease and related conditions, secured $2 million in seed fundingThe backers were not disclosed. The company will use the funds to launch its test panels. Led by Chase Spurlock, PhD, CEO, and Julia B. Polk, COO and CFO, IQuity Labs is developing rapid diagnostic tests that confirm the presence or absence of autoimmune disease and related conditions at the onset of symptoms.

  • Gurgaon-based startup Mycity4kids, a parenting blog and kids events discovery site, has raised $3 million (around Rs 20 crore) in Series A funding from SIDBI Venture Capital Ltd and existing investor YourNest Angel FundThe funds will be deployed to further strengthen its mobile platform, it said in a statement. “Our expansion plans, in this phase, are geared towards becoming a daily-use product for every mum. You will see several mobile-led initiatives in that direction, starting with the recent launch of the Mycity4kids Family Organizer app,” said Vishal.

  • ViralGains, an online video software company for delivering consumer engagement and insight, announced today colossal growth in 2015 and a fresh Series A financing to fuel future success. Concluding a record year in growth, customer success, and radical adoption of the company's technology, ViralGains grew its client base to include 36 Fortune 500 Brands, recorded year over year sales of 190%, and completed a first closing on a $12.3 millionSeries A financing to further fuel its growth plans in the coming years. The $12.3 million Series A financing was led by Stage 1 Ventures, with additional support from 500 StartupsHub AngelsLaunch CapitalPallasite Ventures, and a host of individual investors. 

  • Today, Holidu, a search engine for vacation rentals, has announced the closing of a €5 million (approximately $5.4 million) Series A financing round for accelerated growth and expansion of the business model. The round was led by EQT ventures, whose partners include Kees Koolen (former CEO of and Lars Jörnow (former VP Mobile at Other investors include VC funds Venture Stars and Senovo who joined existing angel investors led by Munich-based Australian entrepreneur Chris Hitchen.

  • Push Doctor, a UK start-up which enables users to have online video consultations with their GP, has today announced a $8.2 million Series A raise backed by Oxford Capital, Draper Esprit, and Partech VenturesThe investment in the health technology (healthtech) business, which builds on an earlier £1.2m seed round, will go towards expanding its marketing efforts and improving its integration with other healthcare service providers.

  • BiO2 Medical, Inc., a San Antonio, Texas-and Golden, CO-based a medical device manufacturer, raised approximately $14 million in equity and debt financingThe financing included a $9 million Series D funding round from unnamed backers and a $5 million venture debt financing from Oxford Finance LLC (This transaction is structured to initially provide $5 million upon closing, with an option for an additional $3 million to be provided upon FDA 510(k) clearance of the Angel® Catheter). The company intends to use the funds for the US product launch, the expansion of the US and OUS sales force, incremental R&D projects, and general infrastructure development.

  • Source Intelligence, a supply chain compliance solutions company, announced today that it has received a $17.5 million investment by Kayne Partners to fund ongoing growth of its network and to meet increased demand for its technologically advanced information platform. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P., a Los Angeles-based alternative investment firm managing more than $22 billion in assets. Piper Jaffray & Co. acted as exclusive financial advisor and placement agent for Source Intelligence.

  • Xeris Pharmaceuticals, Inc., a specialty biopharmaceutical company focused on the development and commercialization of novel formulations of injectable drugs, announced the closing of a $41 million Series C financing. The Series C round was led by the Redmile Group and included other new investors Deerfield Management and Sabby Management, as well as The McNair Group and other existing investors. The proceeds will be used primarily to advance Xeris’ lead product, which utilizes the company’s room-temperature-stable glucagon solution based on its XeriSol™ platform, a proprietary, non-aqueous formulation technology. 

  • Business intelligence software provider Sisense said on Thursday it raised $50 million in an investment round led by Bessemer Venture PartnersIsrael-based Sisense's software helps companies understand their data, enabling non-technical staff to connect multiple data sources and prepare professional reports. Chief Executive Amir Orad said the investment will enable the company to expand operations more quickly and accelerate innovation in the business analytics market.

  • Founders Fund, a San Francisco-based venture capital firm Mr. Thiel co-founded, has led a new $52 million financing round in Nubank, a financial technology start-up based in São Paulo, according to multiple individuals with knowledge of the transaction. Two original investors, Sequoia Capital and Kaszek Ventures, which is based in Buenos Aires, also participated in the round, as did the New York investment firm Tiger Global Management, which first invested in Nubank last year. The round closed in December. All individuals spoke on the condition of anonymity.

  • Guardant Health, a fast-growing startup that wants to make cancer detection a part of an annual check-up, just announced it's raised nearly $100 million in a new Series D round of financing. Leading the round with OrbiMed Advisorswhile existing investors like Khosla Ventures, Sequoia Capital, Lightspeed Venture Partners, Pejman Mar, Formation 8, Heritage Group, and Felicis Ventures, among other participated as well. The new round brings the total amount of funds raised to nearly $200 million, including a $50 million round about a year ago.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to 

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Related companies, investors and entrepreneurs

Khosla Ventures
Angel group/VC
Description: Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potenti...
Bessemer Venture Partners
Angel group/VC
Description: In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descenden...
Sequoia Capital
Angel group/VC
Description: Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one...
Lightspeed Venture Partners
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Description: Lightspeed Venture Partners is a technology-focused venture capital firm that manages $1.3 billion of capital commitments. We closed Ligh...

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