Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
Fastly raised $75M; LifeBond closed $27M; Ptengine closed $9M
- Ptengine, which helps businesses see what visitors are doing, and allows them to turn those actions into actionable intelligence, closed a $9 million Pre-A series funding round. The investors in the round were not disclosed. With this round, and a previous Angel round, Ptengine has now raised a total of $14 million in funding to date.
- Fundrise, the country’s first online marketplace for real estate investment, today announced it has partnered with Pryde+Johnson to provide $2.8 million in funding for a new Class-A boutique apartment located at 5711 24th Ave NW, Seattle, WA. The eight-story 111-unit building, The Søren, is located in the heart of Seattle’s Ballard neighborhood. Fundrise investors are projected to receive a gross annual return of 12 percent paid current quarterly over a 36-month term.
- Sonobi, an advertising technology company known primarily for its publisher-focused technology and services, secured $10.4 million in financing. The funding includes $5.4 million in Series A equity from Safeguard Scientifics, Inc. (NYSE:SFE). The proceeds will be used to expand Sonobi’s operational infrastructure, with a direct focus on its product, engineering, marketing and sales efforts as the company broadens the scope of its digital advertising platform beyond a publisher-only focus.
- Denwa, a Barrowford, UK-based cloud and IT business, raised £367,000 (around $572,000) in funding. Lancashire County Council’s Rosebud Finance provided the financial resources following two previous rounds. The company intends to use the funds to expand operations and create 20 new jobs.
- Bengaluru-based logistics startup LetsTransport, bagged $ 1.3 million in funding from a round led by Singaporebased Japanese venture capital firm Rebright Partners along with participation from angel investors Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra.
- Bright, a Mexican solar panel installation and distribution startup pulled $4 million in seed money to develop its solar software and financing team. The $4 Million seed round of funding comes from a handful of firms and angel investors, including: Patrick Collison, Felicis Ventures, First Round Capital, Max Levchin, and several YC partners.
- Chicago-based mobile health startup Zest Health, which wants its members to “be smarter” about health care services, raised $6 million in Series A funding. 7Wire Ventures, managed by Tullman and Shapiro, Lightbank, Zaffre Investments, Martin Ventures, Dallas Venture Partners and LSAN/Azimuth invested in the round.
- Digital health company InfoBionic has followed up a Series B round in November with an $8 million Series B-1 round in order to commercialize the second generation of a device that transmits a continuous feed of the patient’s heart rhythm to detect cardiac arrhythmia. Safeguard Scientifics led the financing round with participation from existing investors Excel Venture Management; Zaffre Investments, a subsidiary of Blue Cross Blue Shield of Massachusetts and angel investors, according to a company statement.
- Mobile analytics startup Amplitude, landed $9 million in Series A funding. The new funding was led by Benchmark Capital, with participation from Quest Venture Partners, Data Collective, Merus Capital, Charlie Cheever, Dave Morin and other angel investors.
- Prodrive Composites, a Milton Keynes, UK-based producer of lightweight composite components and structures, such as interior trims and bodywork for the automotive, aerospace and marine sectors, received a $9.3 million equity investment. Business Growth Fund made the investment. As part of the deal, John Weston joined the company as non-executive chairman.
- Amplitude Inc. has raised another $9 million to keep going. Its strategy is to cut prices on its rivals. The series A round was led by Benchmark and takes total funding to $11 million. Founded in 2012 by two graduates of the Massachusetts Institute of Technology, Spenser Skates and Curtis Liu, the company started out as Sonalight, a voice recognition startup that aspired to become like Apple Inc.’s Siri, except for Android phones.
- MediaPlatform, Inc., an enterprise video and webcasting platform for corporate communications, training and collaboration, closed on a $12 million round of growth equity. The financing was led by TVC Capital with follow-on participation from existing investors Barshop Ventures and Jim McGovern, MediaPlatform's CEO.
- Leanplum announced a new $11.6 million in investment funding. The Series B funding brings the total raised to $17.2 million. This round was led by Kleiner Perkins Caufield & Buyers, with participation from Shasta Ventures.
- CashStar, a provider of prepaid commerce solutions, closed of $15 million in growth capital. FTV Capital led the Series D round, joined by new investor Mosaik Partners and existing investors Passport Capital, Intel Capital, North Hill Ventures and others. This financing brings the total capital raised by CashStar to $50 million and will enable the company to continue investing in product innovation, sales and client success.
- LifeBond, a company that develops bio-surgical medical devices for tissue repair, closed a $27 million Series D preferred equity investment. Participants in the round include Pitango Venture Capital, Adams Street Partners, Sino Biopharmaceutical Ltd., and all existing investors. The financing will support market introduction and commercialization in the European Union of LifeBond's flagship product, the LifeSeal™ Surgical Sealant, the commencement and completion of an international, multi-center, pivotal study of LifeSeal to support FDA pre-market approval and the clinical development of the company's second pipeline product, LifeMesh™ self fixating mesh.
- Beijing-based e-commerce platform Taoshijie has completed US$30 million series B round of financing led by venture-backed e-commerce platform Mogujie, according to Chinese media reports. Existing investors Source Code Capital and other unnamed investors also participated. China Money Network cannot verify the news.
- Fastly, a company that wants to speed up delivery of the web content we crave, now has $75 million in a new Series D funding round for continuing that work, and to add new services. The four-year-old San Francisco company has now raised $130 million in total. Lead investor this time out is Iconiq Capital, while existing backers Amplify Partners, August Capital, IDG Ventures and O’Reilly AlphaTech Ventures also chipped in.
- Edaixi, an O2O (online-to-offline) laundry services mobile app developed by Beijing-based laundry brand Rong Chang, has completed a new round of financing led by Baidu Inc., according to Chinese media reports. Existing investors Matrix Partners and SIG China also participated in the round, which reportedly raised US$100 million.
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Image source: e27.co
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IDG Ventures is a global network of venture capital funds with approximately $3.6 billion under management and a portfolio of over 220 companies built over the last 15 years. The IDG Ventures network is comprised of five independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of its limited partners, including International Data Group (IDG), the world's largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each IDG Ventures fund helps companies understand their markets better and penetrate them faster than their competition