Daily funding roundup - April 12, 2016

Livongo completed Series C round; Datera raised $40M; Fleet secured $4M

• Fleet secured a $4 million investment round to help fuel growth of its online marketplace that lets shippers assess and accept quote requests from freight forwarders. Hunt Technology Ventures led the round, with Placid Ventures, David S. Hunt, the 15717 Fund, Latam Partners, GrowthX Fund, NFQ, Telegraph Hill Capital, and others participating.
  
  
• Testlio, a customer-focused mobile app testing company, closed $6.25 million in Series A funding led by Silicon Valley-based Altos Ventures and Vertex Ventures. Already profitable, Testlio grew 500% in 2015 and will invest the new funding to build out infrastructure in San Francisco andTallinn, Estonia to support its global customers.
  
  
• Cloud video production platform 90 Seconds raised US $7.5 million in Series A financing led by Sequoia India. Sequoia has invested in several of the world’s most famous companies including Apple, Google, YouTube and Airbnb. The round, supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for $860m) founder Oleg Tscheltzoff, will accelerate 90 Seconds’ global expansion as the market leader in cloud video production.
  
  
• Pave, an online lending platform that is re-inventing borrowing for the Millennial generation, completed an $8 million Series A round of equity investment. The round was led by Maxfield Capital with participation from existing investors and will enable Pave to expand its innovative financing program to help more, and often underserved, individuals achieve their financial and personal goals affordably.
  
  
• Vancouver’s Semios, a provider of agricultural precision pest management technology, closed an $8 million financing round, led by a group of private investors from the Agtech community, with an assist from Haywood Securities. Semios plans to use the funds to expand sales, services and R&D efforts.
  
  
• Sonitor Technologies Inc., an Oslo, Norway- and Stamford, Conn.-based provider of high definition, indoor positioning technologies for real-time visibility and intelligence, raised NOK80 million (approx. $9.5 million) in funding. Backers included current shareholders and employees. The company intends to use the funds to expand into new industry verticals, and continue to invest in the development of its system.
  
  
• London-based data technology firm Blis has raised $25 million in Series B funding from Endeit Capital, Beringea US and Unilever Ventures, alongside additional credit facilities provided by Silicon Valley Bank. The company says it will use the new funds to continue expanding into new markets, including the US, and the scaling of international sales and marketing.
  
  
• China Growth Capital led a RMB217 million ($34 million) series A+ round in Diyi Chedai, a Shanghai-based auto lending O2O (online-to-offline) start-up. Existing investor Matrix Partners also participated in the round. Founded in 2013, Diyi Chedai completed an undisclosed series A fundraising from CITIC Group, Beijing Automotive Group, Matrix Partners and other investors in 2015.
  
  
• Datera raised $40 million in funding from Khosla Ventures, Samsung Ventures and individual investors Andy Bechtolsheim and Pradeep Sindhu as the company emerged from stealth to bring AWS-like elastic block storage to enterprises and service providers. The creators and maintainers of the Linux IO storage stack, Marc Fleischmann, Nicholas Bellinger and Claudio Fleiner, founded Datera in 2013 to bring hyperscale operations and economics to private and public clouds.
  
  
• Livongo Health, a Mountain View, Calif.-based consumer digital health company focused on chronic conditions, completed a $44.5 million Series C financing round. Backers included Merck Global Health Innovation Fund; Cowen Private Investments; Sapphire Ventures; Zaffre Investments, the investment arm of Blue Cross Blue Shield of Massachusetts; Wanxiang America Corporation; and others as well as existing investors General Catalyst, Kleiner Perkins Caufield & Byers (KPCB), DFJ, and 7wire Ventures.

VC's Raising Funds

• Early-stage venture firm Accel Partners raised another $500 million, it has been confirmed to VatorNews. The new funding will be earmarked for investments in Europe and Israel, and will be called Accel London V. Accel will use the new fund to make early-stage investments, with a focus on marketplaces, software-as-a-service and new enterprise companies. It will also invest in developer tools for big data analytics.

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: dcinno.streetwise.co