Front Range Biosciences has raised $8.5M; Unearth Technologies landed $7M; Biproxi has raised $10MRead more...
Deciphera bagged $75M; Portea raised $37.5M; Just Biotherapeutics secured $15M
- BidFlyer, an Israeli startup that is a white-label platform for airlines, has raised $1 million in funding for its business model, which involves putting small batches of airline tickets up for auction online, eBay-style. The investment seed round was led by entrepreneur Moshe Hogeg. The money will be used for continued development of the startup’s analytics, and for launching the platform on airlines sites by the end of the year.
- For women, it’s not always easy to find a perfect pair of jeans online, and now one Kirkland, Wash.-based startup wants to help. Founded last year, Fitcode just raised a $1.8 million investment round led by Seattle-based firm Harvey Partners. The company is a virtual fashion advisor, helping women figure out which jeans will fit best with a short algorithm-powered quiz that determines a woman’s body type. The goal is to improve the online shopping experience for women while reducing returns for retailers and brands.
- Rhone, a premier men's active wear and lifestyle brand, announced the closing of a $5 million Series A financing. The round included several influential sports, media, and fashion investors, including Steve Bornstein, Former President, CEO and EVP of Media for the NFL Network and former Chairman, President and CEO of ESPN; David Stern, NBA Commissioner Emeritus; Ryen Russillo, host of ESPN Radio's Russillo & Kanell; Shane Battier, former NBA player and captain of Duke University's 2001 NCAA championship team; and M3 Ventures, a newly formed investment fund managed by former CAA executiveMartin Dolfi, focused on early and growth stage consumer brands. Prior to the new cash infusion, Rhone had raised $1.2M during a seed round in late 2013.
- Ancoa, a FinTech startup providing contextual surveillance and analytic insights for exchanges, regulators, buy-side and sell-side firms, has now raised initial financing of £4.1 million ($6.4 million). Investors in the Series A funding round included Buysse & Partners, LEM Capital, SmartFin Capital, Velocity Capital and Ancoa’s management team, as well as a number of high net worth individuals. Ancoa has expanded its operations to cover new asset classes including energy and commodities, fixed income, crypto-currencies and derivatives. The latest funding will enable the company to expand internationally, widen its footprint and increase the team to 40 staff by 2016.
- Alignable, a social network for small business owners, has closed a funding round of $8 million led by new investor Mayfield (Menlo Park, California). The financing also included participation by the company’s existing investors Saturn Partners, NextView Ventures, and Lead Edge Capital. With this new round of funding, Alignable has raised a total of $12 million in two separate rounds. The company plans to use the latest funding to continue to invest in building the best product for its members and expanding its base.
- Edison Partners proudly announced leading a $9 million investment in iQ media. Based in Conshohocken, PA, iQ media is a growing media intelligence technology provider. Edison’s investment will fuel go-to-market expansion and continued product innovation. In addition to expanding sales, marketing and support functions, Edison’s investment will support the development of iQ media’s next-generation integrated data platform, including the release of several industry-exclusive product enhancements over the next few months.
- Morphick Cyber Security, a technology-enabled managed service that tailors cyber security solutions to their clients and enables them to morph their defenses to stay ahead of nimble and ever-changing attackers, has raised $10 million in a Series A round of funding led by Orchard Holdings Group. Morphick will leverage the new round of funding to expand its global sales and marketing efforts, continue to enhance its services, and expand distribution.
- Just Biotherapeutics, Inc., a Seattle, WA-based organization dedicated to expanding global access to important protein therapeutics, secured $15 million in Series A financing. Backers included Merck, Lilly Asia Ventures and ARCH Venture Partners.The company intends to use the funds to design of innovative technologies that accelerate development and low cost manufacturing of complex biotherapeutics.
- Modernizing Medicine, Inc., creator of the Electronic Medical Assistant (EMA), a cloud-based, specialty-specific electronic medical record (EMR) system, announced today that it has closed a $38 million Series E financing, bringing total capital raised to approximately $87 million. The investors in the latest round of financing included Pentland Group and funds affiliated with Summit Partners and Sands Capital Ventures.
- Home focused healthcare platform Portea has raised $37.5 million Series B round led by existing investor – Accel and International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures, and Ventureast. Following the round, Arun Mathew of Accel Partners will join the company’s board. Portea will use the capital towards expansion in India, massive hiring, sprucing up technology, and expand in Malaysia where it already provides services in four cities.
- A little more than a year after Deciphera CEO Mike Taylor set up an office for the biotech in the Boston area, the cancer drug developer has rounded up a whopping $75 million B round to make a clinical push for its top cancer drug candidates. Marquee venture investor New Leaf Venture Partners stepped in to lead the big fundraising, joining a mystery investor who backed the company through the startup phase.
- Google’s public campaign to help funding migrant and refugee relief around the world has met its goal of $11 million after three days. A company spokesperson told VentureBeat that a total of $14 million was raised, which includes additional funds raised by employees. In total, Google said it will be donating $7 million towards the cause, of which $5.5 million was to match the public campaign and the rest to support employee donations. The money will be divided equally among four nongovernmental organizations: Doctors Without Borders, the International Rescue Committee, Save The Children, and the UN High Commissioner for Refugees.
- Jungle Ventures, one of a group of fresh VC firms that burst on the scene in Asia these past few years, is stepping things up after announcing a new $100 million fund. The Singapore-based firm raised a $10 million fund back in 2012 so its new vehicle is a major upgrade. That first fund was targeted at early-stage deals and now Jungle Ventures is coming of age with its new fund, which will target later stage Series A and Series B deals in addition to some early stage bets. The focus will remain the same for Jungle Ventures, with its second fund devoted to finding future “category leaders” in India, Southeast Asia and rest of the Asia Pacific region.
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
Firefly Health raises $10.2M; FOSSA landed $8.5M; Rafay Systems closed $8MRead more...
Drivetime raised $11M; CasperLabs landed $14.5M; Kite Hill closed a $15MRead more...