Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
Twilio closed $130M; Mereo BioPharma secured $119; AltspaceVR raised $10.3M
- AltspaceVR, a software company that uses virtual reality to provide a new communication platform, raised a $10.3 million round of funding. Investors in the round include Tencent, Dolby Family Ventures, Raine Ventures Lux Capital, Western Technology Investments, Maven Ventures, Promus Ventures, Streamlined Ventures and Rothenberg Ventures, along with new investor Comcast Ventures. The company will use the funding to grow its team, which currently consists of 20 full-time employees, adding roughly another 10 by the end of the year.
- Promoter.io has raised $1 million in funding for its self-service customer loyalty platform. The platform automates the task of capturing feedback from customers under the standard for customer loyalty, the Net Promoter Score. Investors include Lew Moorman, Pat Condon and Pat Matthews of Rackspace, the Geekdom Fund, MaxCDN, and others. Strategic advisors include Rackspace chairman Graham Weston, Geekdom Fund Partner Don Douglas, and Lucas Carlson, founder and CEO of AppFog.
- Eximo Medical has completed its Series A funding round of $1.6 Million. Accelmed, a leading medical device Investment Fund, led the round, with the participation of the Alfred Mann Institute at the Technion (AMIT), the Technion R&D Foundation Ltd. and a private investor. Eximo has developed a patented hybrid catheter, Cathi™, which is connected to a pulsed laser system that operates at 355nm UV. The catheter’s tip combines laser ablation capabilities with a mechanical blunt blade. This combination will potentially improve accuracy, and enable superior precision when passing through a vessel blockage, regardless of the type of lesion or size of the vessel.
- G2 Crowd, which provides reviews of other companies’ software products received $7 million in new investment. This Series A round was led by Pritzker Group Venture Capital, along with existing investors Chicago Ventures, Hyde Park Venture Partners, ExactTarget cofounder and ex-CEO Scott Dorsey, company chairman Godard Abel, and the management team.
- Digital Global Systems Inc. (DGS), a provider of innovative broad spectrum management technology for public safety, enterprise, telecommunications and government customers, landed an additional $4 million of funding through the issuance of Series A-2 convertible preferred stock. The funding round included investments by LGS Innovations (LGS) and CoVant, as well as a broad representation of existing and new individual investors. The capital raised in its Series A-2 round is in addition to the $2 million of Series A and $2.25 million of Series A-1 convertible preferred stock previously issued.
- 3D tech startup Occipital nabbed $13 million in Series B funding to take advantage of the growing interest in virtual and augmented reality. The round included new investors such as Intel Capital, Shea Ventures and Grishin Robotics, as well as existing investor Foundry Group. The company has raised $21.3 million to date, with $1.3 million of that amount crowdfunded through Kickstarter.
- Almirall, a pharmaceutical company based in Barcelona, closed a $15 million in Series C equity investment in Suneva Medical, Inc., an innovative aesthetics leader that markets Bellafill. The deal will give Almirall a position on the SunevaBoard of Directors as Suneva continues with its plans to be active in prescription, aesthetics and medicalised OTC Dermatology.
- Catchpoint Systems, Inc., a NYC-based provider of web and infrastructure performance monitoring solutions, completed a $16 million Series C funding. The funding included $6 million from Battery Ventures and a $10 million line of credit from Silicon Valley Bank. The company will use the funds to hire new people, invest in new products, and expand its global monitoring infrastructure.
- Radius, a predictive marketing company founded six years ago by early Facebook employee Darian Shirazi, raised another $50 million on the heels of four high-profile executive hires. Radius’ latest funding was led by Founders Fund. It also included Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures, and Yuan Capital.
- The founders of online retail platform Zovi, raised $50 million (roughly Rs. 319 crores) for their consumer lifestyle deals marketplace app, called Little. The investment round was led by Paytm, SAIF Partners, and Tiger Global, and a large new undisclosed investor. The funding will be deployed to build the largest merchant ecosystem, build new technology and hire senior talent.
- Seattle-based legal advice startup Avvo, closed a $71.5 million financing round led by Technology Crossover Ventures. Vulcan Capital and existing investor Coatue also participated in the round, which pushes total funding for the 8-year-old company to $132 million. Avvo said it will use some of the fresh funds to hire engineers in Seattle, where it just inked a lease for seven floors in a 20-story downtown building at 720 Olive Way near South Lake Union.
- Mereo BioPharma Group Ltd, a recently-formed speciality biopharmaceutical company, secured $119 million (c. £76.5 million), gross, from blue chip institutional investors and simultaneously acquired a portfolio of three innovative clinical-stage development programmes from Novartis Pharmaceuticals. Novartis, through the shares issued in consideration for the acquisition of products, will also hold an equity stake in Mereo.
- Online lending startups are filling niche after niche of the financial landscape. Short-term loans to small businesses is the one that Behalf Inc. is going after. The startup just received $119 million in commitments, including equity and a credit facility, to expand its business, the lender told VentureWire. Lending startups attracted $1 billion in venture capital in the first half of 2015, more than in all of 2014 and a record since Dow Jones VentureSource started collecting data in 1992. That’s also more than in all of last year, when venture capitalists put $968.7 million into the sector.
- Twilio, a developer platform for communications, closed a $130 million Series E round. Fidelity and T. Rowe Price led the round, together with new investors Altimeter Capital Management and Arrowpoint Partners, as well as strategic investors Amazon.com and Salesforce Ventures. Twilio will use the additional capital to accelerate its product roadmap, such as the recently announced Real-time Communications Suite, which includes Video and IP Messaging products.
- Healthcare-focused growth investor Foresite Capital is back in the market with a new fund targeting up to $450 million. Foresite’s third fundraise comes just over a year after it closed its second vehicle on $300 million, and about two-and-a-half years after it raised $100 million for its debut fund. Existing investor Longitude Capital and new investors Fidelity Management & Research Company, Aisling Capital, Adage Capital, RA Capital Management and Palo Alto Investors all participated in the round.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
Image source: nomi.com
Support VatorNews by Donating
Read more from our "Daily Funding Roundup" series
Amazon Health sells healthcare services to Hilton; Athenahealth acquired for $17 BillionRead more...
How Microsoft can transform healthcare delivery; Trusted has raised $94M; Aptihealth landed $50Read more...
Related Companies, Investors, and Entrepreneurs
Joined Vator on
Whether you're seed stage or ready for growth, Intel Capital can help take it to the next level. Since 1991, we have invested more than US$10.8 billion in over 1,250 companies in 54 countries. Our company building focus has resulted in more than 200 of our portfolio companies going public on exchanges all over the world and over 300 being acquired or participating in a merger.
Joined Vator on
We are company founders first and investor second: we have built companies from the ground up, including PayPal, Facebook, Napster, Plaxo, Palantir Technologies, and Clarium Capital. We have experience from concept to realization, from shared offices to public offerings. Every stage of the company creation process is familiar to us, from finding seed capital, to building defensible products, scaling up the organization, and realizing lasting value for employees and shareholders.
Our current investments include Facebook, Slide, Geni, Powerset, IronPort Systems, Zivity, Quantcast, and Project Agape. Our fund is $50 million and we focus on investments in early-stage consumer Internet companies. We typically invest $500,000 - $1 million per investment. At the end of 2007, we raised $220 million for The Founders Fund II.
Joined Vator on
You’ve got a great idea, a winning product, an amazing team, a great business. You have choices. There are hundreds of firms who could invest in your business. So why choose Battery? Yes, we have a track record of success backing breakthrough companies. We’ve been through hundreds of IPOs and M&A events. We have 30 years of experience. We’ve raised $4.5B since inception and are investing a $900M pool of capital, so yes, we have deep pockets along with big Rolodexes and a smart team.
So what else matters? That we’ll be the most engaged, collaborative and passionate investor around the table. That we remain open to exploring all business ideas, no matter how complicated or far off the beaten track they might at first seem. We will roll up our sleeves and work as hard as you do. We will add value every day, in between board meetings, not just at them. But that doesn’t mean we’ll run your business, we know where to draw the line. We keep our egos in check, operate with integrity and honesty, and put the needs of your business ahead of our own.
Above all, it’s really about chemistry. So get to know us. Talk to the teams we’ve worked with. Ask them how we’ve helped. You’ll discover the value Battery can add long before we write the first check. Here’s a bit more about the companies we’ve backed and the difference we’ve made between a great company and an also-ran.
Joined Vator on
Hyde Park Venture Partners (HPVP) is an early stage venture capital fund investing in early stage technology companies in the Midwest, with particular focus in Chicago. HPVP invests in technology-enabled business and consumer services and healthcare IT companies raising their first or second round of institutional capital, ranging in total size from $750K to $2.5M.
HPVP draws on its strategic relationship with Hyde Park Angels (HPA) to provide industry and business expertise to its portfolio companies through a network of more than 90 seasoned business executives, entrepreneurs and service professionals. HPVP's principals, Ira Weiss and Guy Turner, and the HPA network take an active role in mentoring and guiding portfolio companies in product development, business strategy, financing and exit through both formal director roles and informal mentorship relationships.
Joined Vator on
Chicago Ventures invests in well-managed seed-stage technology companies in Chicago and the Greater Midwest that have demonstrated a value proposition in a given market for their product or services. The fund looks to make initial investments ranging from $250,000 to $1 million in each company.