Silk and Sonder raised $3.6M; SenseHawk landed $5.1M; ThoughtRiver secured $10MRead more...
Deliveroo took $70M; Kareo pulled in $55M; MacroFab closed $2M
- Deliveroo, a food delivery startup based in the United Kingdom, took a $70 million round, according to a report from VentureBeat. The round was led by Greenoaks Capital and Index Ventures with participation from Accel and Hoxton Ventures, both of which are existing investors. The new funding will be used for geopraphic expansion across Europe, as well as the Middle East, and across Asia.
- MacroFab, a Houston-based startup, which was founded in October 2013, raised $2 million, led by Techstars Ventures to streamline the manufacturing process for hardware startups. Prior to this round, the startup raised $600,000 in angel funding, which helped MacroFab go live this past January. MacroFab is designed to enable a hardware startup, like Arachnid Labs, to go onto the site and select materials and parts, assemble them together and put in an order to have the product manufactured. MacroFab then shows how much the parts cost, and the time it takes to build and ship. MacroFab buys the materials and makes the product in their warehouse. On MacroFab, Arachnid Labs was able to make its Kickstarter product.
- Digital payments company Stripe, a start-up, based in San Francisco, raised new funding from investors like Visa, American Express and Sequoia Capital, among others, valuing the young company at $5 billion. Stripe also announced a partnership with Visa, one of the world’s largest credit card companies, in which the two will work on ways to improve digital transactions.
- eVisit, a physician-first telehealth software company based in Phoenix, AZ, has successfully filled their $1 million Seed Round of fundraising in under 7 months. Key investors of eVisit include Alan Ram, Founder of Alan Ram’s Proactive Training Solutions; Chris Reap, Investor at Northstar Capital, LLC; and Sam Blackham, a SaaS Advisor and Investor. eVisit plans to use funding from their seed round to continue to enhance their telemedicine platform, as well as ramp up sales and marketing efforts.
- Flipora, a Sunnyvale, CA-based content discovery application, raised $1.5 million in seed funding. Backers included Gokul Rajaram, creator of Google AdSense, Barney Pell, Founder and CEO of Powerset (an A.I based natural language search engine that was acquired by Microsoft), Munjal Shah, Founder and CEO of Like.com (an A.I. based shopping search engine acquired by Google), Anil Dharni, Co-Founder of Funzio (acquired by mobile gaming giant GREE) and Mayank Bawa (founder & CEO of Big Data pioneer, Aster Data).
- TenantTurner is a pre-leasing platform that helps landlords source and choose qualified tenants while following laws like Fair Housing regulations; it raised $500,000 from Y Combinator, Lighthouse Labs, Triad LC, Altron Capital, Duke Dodson, Doug White, Daniil Kleyman, and Jim Cheng.
- Confluence Life Sciences, a startup developing drugs to treat cancer and inflammatory diseases, has raised $2.4 million from a group of investors that includes BioGenerator, Mercury Fund, Epidarex Capital, Missouri Technology Corporation, the St. Louis Arch Angels and others. The money will be used to support clinical studies. Confluence Life Sciences is a pharmaceutical development startup that is developing several drug candidates using kinase inhibitors, which target key enzymes involved in the regulation of cancer growth and chronic inflammation, according to the company’s website.
- Aspyrian Therapeutics Inc., a clinical stage drug development company creating precision-targeted therapies to treat cancer based on its proprietary Photoimmunotherapy platform has secured $4.25 million as part of a Series A extension financing. This financing will support the execution of Phase 1 Clinical Studies of RM-1929, Aspyrian's first in-class drug therapy for the treatment of patients with recurrent head and neck cancer.
- PushSpring, a Seattle-based analytics company that helps mobile app developers target specific audiences, bagged $5 million in a first round of capital. The investment was led by Trilogy Equity Partners and brings the company’s total raised to date to $6.6 million. The company said it will use the money to add to make additional investments in PushSpring’s product and to grow its team of 13 employees, with a focus on adding data science and engineering talent.
- UpCounsel, an online workplace for business legal needs, secured $10 million in Series A funding to accelerate further adoption of its on-demand legal marketplace. New investor Menlo Ventures led the funding round with participation from previous investors including Homebrew and Metamorphic Ventures. The company has raised $13.9 million to date and offers cost-effective legal counsel to businesses while equipping attorneys with the necessary tools to grow and manage their practices effortlessly.
- A Triangle newborn health screening startup Baebies, completed a $13 million round in equity financing to develop its neonatal screening technology. Financial backers of the 2-year-old Durham company include Rex Health Ventures, Duke Angel Network, and DUMAC, an investment organization controlled by Duke University. The N.C. Biotechnology Center also provided a $500,000 loan.
- IP management and analytics startup Lecorpio, a company that lists Google, Adobe, and T-Mobile as users in its portfolio, raised an additional $15 million in a round led by M2O. The company has raised at least $25 million since its series B round last year. The additional capital will help them expand their strategic footprint and deepen their market penetration.
- Tripping.com,a metasearch site for vacation home rentals with more than 5 million rentals on site, landed $16 million in Series B financing. The company also hit an inventory record of more than 5 million property listings. Steadfast Venture Capital, an early-stage investment firm in New York City, led the round.
- Cyberattack blocker Cylance, a startup based in Irvine, Calif., raised $42 million in a Series C round of funding, led by venture capital firm DFJ Growth, which has also invested in companies such as Box and Tesla. The latest round brings Cylance’s total funding up to $77 million to date.
- Kareo, a startup that provides small medical practices the tools they need to run their business, pulled in $55 million in funding to accelerate expansion in doctors’ offices across the country. Montreux Equity Partners, a late-stage health tech fund, led the round, with participation from Silver Lake Waterman as well as all previous investors including Greenspring Associates, OpenView Venture Partners, and Stripes Group.
- New York City-based investment firm Deerfield Management Company, L.P., closed its latest fund at $550 million. Deerfield Healthcare Innovations Fund, L.P., will focus on investing in advancements in science that may lead to therapeutic interventions in genetic diseases, cancer, and orphan diseases. Backers include healthcare institutions, such as New York-Presbyterian Hospital, Memorial Sloan Kettering and Seattle Children’s Hospital, and philanthropies, such as the Robert Wood Johnson Foundation, universities such as Princeton University and Northwestern University.
- Optoro, a Lanham-based re-seller of unwanted retail goods, picked up $40 million in debt financing from two new investors. The start-up, co-founded by Washington entrepreneurs Tobin Moore and Adam Vitarello, are borrowing the sum from TriplePoint Venture Growth and Square 1 Bank, which specialize in loans to entrepreneurs and venture-capital backed businesses..
- UCD-based start-up firm HeyStaks has raised €1.5 million in investment from the Denis O’Brien-owned mobile network provider Digicel to help bring its mobile intent analytics platform to market. The technology was developed by the company’s co-founders Dr Peter Briggs and Dr Maurice Coyle during their PhD research at UCD’s School of Computer Science and Informatics. HeyStaks’ platform analyses smartphone behaviour anonymously to understand the intent and interests of users , thereby enabling mobile operators to better serve their customers’ needs and wants.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to email@example.com.
Image source: venturebeat.com
Read more from our "Daily Funding Roundup" series
Anima has raised $2.5M; Avo landed a $3M; Reserved.AI secured $3.3M; Aspinity picks up $5.3Read more...
Peer Medical raised $1.2M; Carewell landed $5M; Boundless Immigration secured $7.5MRead more...
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