- Younity, an iOS app for streaming media from your Mac, today announced an $8 million Series A round of funding led by venture capital firm Marker LLC with participation from Tim Draper’s Associates and PROfounders Capital. Rick Scanlon of Marker will join younity’s board. Draper and PROfounders in 2013 invested in Younity’s $3.5 million seed round, which also saw contributions from Crosslink Capital, Draper Associates, PROfounders Capital, Lowercase Capital, Bebo creator Michael Birch, Tekton Ventures, Knight & Bishop, Kamran Pourzanjani, Brian Lee, Brad Jones, and others.
- Codeship, a Boston startup that helps software companies quickly update their applications, has raised $1.5 million in a new funding round, the company said Thursday. The investment came mostly from earlier investors Sigma Prime Ventures, Boston Seed Capital, and F-Prime Capital. The company has now raised a total of $4.4 million.
- Vancouver-based Wiivv, a wearables company that creates custom 3D printed body gear, has closed $3.5 million in seed funding. The round was led by Eclipse VC, Real Ventures, Asimov Ventures, Evonik Industries, and MAS Holdings. The company also said that it would prepare to enter the market with a Kickstarter in 2016 as it looks to attract early adopters to BASE, a 3D printed insole that would be the company’s first product to hit the market. The funds raised by the Kickstarter campaign will go towards the manufacturing and fulfilment of the BASE insoles as the company looks to ship in January 2016, according to their website.
- Contessa Health, Inc., today announced it has secured $3.5 million in Series A Financing from BlueCross BlueShield Venture Partners, Sandbox Advantage Fund and Martin Ventures. Contessa Health creates and manages home hospitalization programs, a new form of value-based care, that optimizes the initial site of care delivery and provides in-patient level acute care in a home environment.
- LiveSafe, an Arlington-based maker of safety and alert technology for universities and businesses, has raised $4 million in venture capital and named a new chief executive as it prepared for significant growth, the company plans to announce today. The Series A funding, which comes from Hearst Ventures and IAC, is to be used to market the company’s mobile app to businesses, sports teams and other enterprises as LiveSafe looks beyond college campuses for growth.
- Bevi, Boston-based start-up that develops smart beverage machines, has announced a $6.5 million Series A led by Horizons Ventures, the Hong Kong based private investment fund of Mr. Li Ka-shing. The Series A will build on the sales momentum that Bevi has seen in the Boston area and enable geographic expansion. The company is also investing in major R&D projects to improve and expand the offerings of its beverage machines.
- OpsClarity, a Sunnyvale, Calif.-based operations analytics and monitoring company, emerged from stealth with $11 million in Series A funding. The round was led by New Enterprise Associates with participation from Pinnacle Ventures, AME Cloud, Morado Venture Partners and other angels. The company intends to use the funds to expand the engineering team and ramp up go-to-market efforts.
- Figma, an online tool for interface design, has raised $14 million in Series A funding. Greylock Partners led the round. In addition to the funding, Greylock’s John Lilly has been named to Figma’s board of directors. Figma was founded in 2012 by Brown classmates Dylan Field and Evan Wallace, when Field was named to Peter Thiel’s “Thiel Fellowship” program for young entrepreneurs. To date, the company has raised $18 million, including its latest $14 million Series A round led by Greylock Partners.
- Israeli startup Cellwize, which provides optimization solutions for mobile networks, has raised $14.5 million in a Series A funding round led by Carmel Ventures and Vintage Investment Partners and a further $10 million in a credit facility from Viola Credit (formerly Plenus). The financing will be used to boost Cellwize’s SON customer-centric optimization capabilities and to expand its market presence including a planned significant increase in its workforce.
- EatStreet, a Madison company that supplies restaurants with software for handling online orders, said Thursday it has raised $15 million of outside funding to support future growth. The funding round was co-led by Madison-based 4490 Ventures and Lumia Capital, a San Francisco venture capital firm. It brings to $30 million the total amount the nearly 4-year-old company has raised.
- Allocadia, a Vancouver, Canada-based provider of Marketing Performance Management (MPM) platform, raised $16.5 million (approx. CAD$22 million) in Series B financing. The round was led by Susquehanna Growth Equity (SGE), with participation from existing investors iNovia Capital, Altos Ventures, Nanon de Gaspé Beaubien-Mattrick of Beehive Holdings, Illuminate Ventures, Don Mattrick, and Norm Francis of Boardwalk Ventures. In conjunction with the funding, Martin Angert of SGE will join Allocadia’s Board of Directors. The company, which has raised US$24m (CAD$30m) in total, intends to use the funds to continue to accelerate product innovation, drive channel investments, further expand the team with subject matter experts, and deliver value-add content and best practices.
- David Kalt is getting a $25 million boost for his online music equipment exchange, Reverb.com, from a familiar backer. The Chicago-based startup tapped Summit Partners for the funding, which will be used for international expansion and a new foray into music education. The Menlo Park, Calif.-based venture fund also invested in Kalt’s previous company, online brokerage Options Xpress, which went public 10 years ago and later was sold to Charles Schwab for $1 billion. Reverb, an online market for guitars and other music gear, is the latest Chicago startup launched by a veteran entrepreneur to raise a large amount of venture capital.
- True North Therapeutics, a biotechnology company developing novel therapies that selectively inhibit the Complement system to treat rare diseases, announced today that it has completed a $40 million Series C equity financing. Proceeds from the financing will be used to advance the clinical development of its lead complement inhibitor. The Series C round is led by New Leaf Venture Partners, a leading institutional healthcare fund, and includes participation by other new investors Perceptive Advisors and Cowen Private Investments, as well as existing investors Kleiner Perkins Caufield & Byers, MPM Capital, OrbiMed, SR One, and Baxalta Ventures.
- Health IT company Welltok is capping a busy two-year streak of acquisitions and financing with another deal. The Denver-based maker of software that aims to keep users healthy is acquiring Burlington, MA-based Silverlink Communications for an undisclosed price. Welltok has raised a $45 million round of venture capital to help make the deal happen. The funding, which will also be used for product development and market expansion, came from Toronto-based Georgian Partners, EDBI (the corporate investment arm of the Singapore Economic Development Board), and Boston-based Flare Capital, as well as other existing institutional and strategic investors.
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