Daily funding roundup - October 2, 2015
Renovate America collected $90M; Dome9 Security raised $8.3M; Zeemee landed $5.8M
- Propeller Aerobotics, a start-up that uses drones to make 3D maps for mining and construction companies has raised $1 million from investors including fund Blackbird Ventures and lawyer Michael Gonski, the son of businessman David Gonski. Propeller will use their new cash to hire more developers, to add to the team of seven located at Sydney's Australian Technology Park - the site being eyed for more tech workspaces by software giant Atlassian​.
- HonkMobile, a Toronto, Canada-based provider of on-demand mobile payments for parking, secured $3 million in seed funding. The round was led by Impression Ventures with participation from other angel investors. The company intends to use the funds to scale sales, marketing and technology infrastructure to support its growth across North America.
- Social Dental announced today that it has raised $3.5 million in a seed round of funding led by Kickstart Seed Fund, Peterson Ventures, and Jeremy Andrus. Social Dental also announced that Scott Henkel, a dental industry veteran, has joined the firm as Chief Operating Officer. The company was founded in 2013 when Tom Clark, a tech entrepreneur coming from a family of dentists, saw a need for dental professionals to market their dental practices online and also comply with HIPAA regulations.
- Reload Studios, formed by two veterans of the Call of Duty franchise, has closed its first funding round at $4 million. The investors are Rothenberg Ventures, World Innovation Lab, Barunson E&A, YK CRCM RS LLC as well as a few undisclosed private backers. The studio just announced VR title World War Toons and the formation of the studios own VR Lab. It's also partnered with WoofbertVR, an arts education VR company.
- South Korean bitcoin services company Coinplug has closed a $5 million Series B funding round. The company drew support from firms including SBI Investment raising its cumulative funding to date to $8.3 million. The company, which also operates a bitcoin exchange and provides bitcoin wallets, is discussing various blockchain strategies with several banks.
- ZeeMee, a platform that wants to help students bring their college applications to life, told TechCrunch exclusively Thursday it had raised a Series A round of $5.8 million led by BlueRun Ventures. As ZeeMee scales, it hopes the students who use the platform to apply to college will also stay on it throughout their college years. The company plans to provide career services and alumni services for a fee.
- Thuzio announced the completion of a $7 million Series B round of financing. The oversubscribed round was led by Prudence Holdings and included other existing investors such as Stephen Ross with RSE Ventures, Terry Pegula with East Asset Management and new investor, Vanterra Capital. Shad Azimi, Managing Partner of Vanterra, will join Thuzio's Board of Directors. Thuzio 360 is a talent procurement software solution, providing commercial profiles for over 27,000 influencers and celebrities.
- Dome9 Security, a Menlo Park, CA-based security and compliance platform for public clouds, raised $8.3 million in Series B financing. The round was led by ORR Partners with participation from JAL Ventures, Pinnacle and Lazarus Israel Opportunity Fund and existing investor Opus Capital Ventures. The company, which has raised a total of $13 million to date, intends to use the funds to grow its sales and marketing efforts, and expand its product portfolio for purpose-built cloud security solutions.
- VC firm Sequoia invested $6 million in Backwater Technologies, the startup behind Chillr app. The app allows users to transfer money to their contacts in their phonebooks. Mumbai-based Backwater Technologies will use the fund for customer acquisition. It has already tied up with HDFC Bank, Bank of Barodaand plans to partner with 15 more banks by the year end. Chillr had previously raised $900K from MobMe Wireless and plans to raise about $1.5 Mn in its Series A round.
- Euroscreen, a drug development company, announces today that they have completed a €16 million ($17.9 million) Series B fundraising round. An existing shareholder, Pierre Drion, brought SFPI-FPIM as a new investor which together with Fund+ co-led this new investment round. The existing shareholders including Vesalius Biocapital II Partners, SRIW SA, BNP Paribas Fortis Private Equity, and another new comer as Capricorn Health-Tech Fund NV are also participating.
- Renovate America just collected a $90 million equity investment from many of the same VC investors that backed solar installer SolarCity. Investors in the property-assessed clean energy (PACE) financing firm include DFJ Growth, Silver Lake Kraftwerk, RockPort Capital Partners, Valor Equity Partners, DB Masdar, and 400 Capital Management. Renovate America partners with local governments and businesses to finance home efficiency, energy and water improvements.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: cio.com
Mitos Suson
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Sequoia Capital
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Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one of the highest-caliber venture firms” and noted that it is “one of Silicon Valley’s most influential venture-capital firms”. It invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage.