February 9, 2016
Daily funding roundup - February 9, 2016
Fuze raised $112M; Trifacta received $35M funding; Digital Shadows snagged $14M funding
- Stash, an investment app for millennials, raised $3 million in seed funding to continue the company’s growth. The round was led by Silicon Valley-based Goodwater Capital, which specializes in early-stage consumer technology companies. Two leading fintech investors also participated in the round: New York-based Valar Ventures, and London-based Entrée Capital; as did previous investors in the company.
- New World Angels (NWA) recently led, along with Florida Angels Network (FAN) and Florida Funders, a $1.1 million investment in TAO Connect, Inc. (TCI), a St. Petersburg-based company that has a Therapist Assisted Online (TAO) integrated treatment platform of evidence-based tools for providing online mental health treatment. The funding will be used for TAO’s ongoing product development, marketing and expansion into non-university settings, including: veterans’ services, private practice therapists, and Medicare patients.
- Woo, a San Francisco, CA and Tel Aviv, Israel-based newly launched platform that allows tech talent to measure their market value, raised $2.35 million in seed funding. Backers included Hank Vigil & Fritz Lanman from Acequia Capital, Lord David Alliance, an active investor in tech companies, and Moshe Lichtman of Israel Growth Partners. The company intends to use the funds to scale its platform and expand its presence both in the San Francisco Bay Area as well as in additional regional markets.
- MaaS Finland, a Helsinki, Finland-based mobility-as-a-service company, raised €2.2 million (approximately $2.48 million) in funding. Backers included private investors and the Finnish Funding Agency for Technology and Innovation Tekes. The company, which expects to raise a second round in late autumn in an attempt to raise hundreds of millions, intends to iuse the funds to finalize the product and demonstrate it in three countries.
- Aplos, a software company serving the nonprofit sector, raised $4 million in a Series A round of funding. The investor, San Joaquin Capital, is a newly formed venture capital firm specializing in technology companies based in California's Central Valley. The firm's partners believe that the 1.6 million nonprofit organizations in the US are underserved from a technology perspective, and Aplos, with 20,000 organizations already, is strongly positioned for additional growth.
- Stellar Loyalty, a consumer relationship company, announced $4 million in new funding, completing its Series A round totaling $9 million. This latest investment represents a second infusion of funds led by TDF Ventures along with InterWest Partners. The new financing round will be used to accelerate Stellar Loyalty's European expansion. The company also announced the appointment of 25-year industry veteran Mario Invernizzi to lead its EMEA business unit.
- OpsPanda, a Palo Alto-based SaaS startup focused on Sales Resource Planning, announced a $5 million Series A funding round led by TDF Ventures, joined by a leading private university and seed investor PivotNorth Capital. OpsPanda will use the funds to scale sales and marketing. Available today and deployed by leading high-growth companies, OpsPanda's SaaS serviceuses predictive analytics to help sales teams align goals with results by leveraging data buried in the enterprise--such as quotas, hiring, attrition, skills and ramp.
- Crowdynews, a social media curation platform, completed an extension to its Series A funding, led by initial Series A investor INKEF Capital. This brings the total funding for Series A to €6.2 million. Funds will be applied to the company's continued global expansion and product development efforts. Earlier in 2015, Crowdynews announced it had raised €2.5 million in Series A funding.
- SwervePay, LLC, a Chicago, IL-based patient-centric payment solution in healthcare, completed a $10 million Series B funding round. The round was led by Garland Capital Group. The company intends to use the funds for growth and expansion, enhancement of its channel partner network and recruitment of new people. Led by Jaeme Adams, co-founder and CEO, SwervePay provides patients with a portal-free platform to pay their bills via text message.
- Digital Shadows raised $14 million (£10 million) for its security platform, bringing total investment in the company to $22 million (£15 million). The five-year-old company, jointly headquartered in London and San Francisco, has a platform that searches the darkest corners of the internet looking for the chatter associated with threats against specific organisations. The funding will be used to further develop the Digital Shadows product and expand the Digital Shadows team from 60 (40 in London and 20 in San Francisco) to 120. The Series B funding round was led by Trinity Ventures, while existing investors Storm Ventures, TenEleven Ventures, and Passion Capital also participated. Trinity Ventures general partner Fred Wang will join the board of Digital Shadows.
- Trifacta, a startup with software for cleaning up raw, messy data and getting it ready for analysis, announced a $35 million round of funding that should help the company grow. The company now has offices in Berlin and London, as it has picked up business in Europe. Now Trifacta is looking to grow larger in Europe and to also build out operations in Asia, Hellerstein said. New investor Cathay Innovation and existing investors Accel Partners, Greylock Partners, and Ignition Partners participated in the new round. To date, the company has raised more than $76 million, including the $25 million round announced May 2014.
- Fuze (formerly ThinkingPhones), a Cambridge, MA-based provider of a voice, video, and collaboration platform, raised $112 million in financing. The round, which brough total funding to $200 million, was led by Summit Partners with participation from existing investors Bessemer Venture Partners (BVP) and Technology Crossover Ventures (TCV). In conjunction with the funding, Summit Partners Managing Director Bruce Evans will join Fuze’s Board of Directors. The company intends to use the funds to expand global operations and continue to invest in innovation.
VC's Raising Funds
- Early stage venture fund Draper Fisher Jurvetson (DFJ) raised a new $350 million fund, its 12th,called DFJ Venture XII. In all, DFJ has now raised $4.5 billion in venture capital. The firm will be investing in 35 companies out of the fund over the next two and half to three years, with an initial check of $2 million to $10 million, with a lifetime investment of around $15 million. In addition to the new fund, DFJ also revealed that it has partnered with Stanford University for a new fellowship program, called the DFJ Entrepreneurial Leaders Fellowship, aimed at graduate students in the engineering program.
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: edu-leaders.com
Mitos Suson
I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!
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Bessemer Venture Partners
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In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descendents. The start-up investment operations were spun out into Bessemer Venture Partners, which now operates out of seven offices around the globe.
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February 9, 2016