Kin raised $63.9M; Vanta landed $50M; Blind picks up $37; Elucid secures $8MRead more...
Blue Jeans secured $76.5M; Atigeo raised $18.4M; Velocity Mobile closed $4M
- I'm a big fan of the idea of working remotely. The traditional office, rightly I believe, is going away, and that cannot happen soon enough. Team members still need to collaborate, though, and that means video conferencing. It can be difficult to get everyone on the same platform, though, depending on what device they are using or where they are. Video conferencing platform Blue Jeans was founded on the idea of solving that problem. It is as an interoperable cloud-based system that enables people to join over virtually any device. The company has grown quite a bit over the last few years and it has now announced it has secured $76.5 million in new funding. The round was led by NEA, with participation from previous investors Accel Partners, Battery Ventures and Norwest Venture Partners, and new investors Glynn Capital, Quadrille Capital, and Derek Jeter, among others. This funding round brings the total overall financing for Blue Jeans to $175 million.
- Phynd Technologies, Inc., a Kearney, NE-based healthcare application service provider, secured $1.1 million in Series A equity funding. The round was led by Dallas Venture Partners, with participation from angel investor Tony Morris, as well as all existing seed investors. In conjunction with the financing, Jim Duda, Managing Partner of Dallas Venture Partners, will join the Phynd Board of Directors. The company, which has raised $3.1 million to date, intends to use the funds to to expand its support, sales and marketing efforts.
- NoviCap, an invoice trading marketplace headquartered in London but with offices in Barcelona and a customer base largely in Spain, has closed a $1.7 million seed round. Backers include Partech Ventures, Techstars Ventures and Cabiedes & Partners. Similar to U.K. competitor MarketInvoice, NoviCap provides a marketplace where SMEs can raise financing by trading their invoices, which are essentially used as security, for much speedier financing.
- Velocity Mobile Ltd., a London and New York-based provider of an international digital hospitality service, closed a $4 million in extended Series A funding round. The greenshoe investment, which brought total raise to $16 million, was anchored by Lars Christensen, Saxo Bank CEO and co-owner of 2-Michelin-starred restaurant Geranium. Velocity also acquired Cover Inc., a mobile payments app accepted at over 350 restaurants in NYC, San Francisco, and Los Angeles. The acquisition, of undisclosed amount, will accelerate the expansion of Velocity’s global hospitality platform, which connects premier restaurants with affluent diners, empowers them to settle their bill directly from their phone, and builds loyalty through tailored status and rewards programs at leading venues.
- San Francisco, CA-based CliniCloud plans to launch its first product, a connected medical kit including a stethoscope and non-contact thermometer, at consumer electronics outlet Best Buy in the U.S. and Canada before then. In order to accomplish that launch, the company has raised a $5 million seed financing. Chinese ISP Tencent led the round, with participation of Ping An Ventures and other individual investors.
- Bellevue-based Atigeo, a data-analytics company, has raised an $18.4 million financing round to roll out technology that helps patients get medical treatments specific to their individual needs. The convertible debt financing round was finished off by Ascension Ventures, the investing arm of Ascension, the largest nonprofit hospital system in the U.S. The rest of the funding came from undisclosed previous investors, as well as new participants.
- Content-marketing software maker Scribble Technologies Inc., which goes by the name ScribbleLive, has raised $35 million in Series D funding. The Toronto-based company said the funding would be used to add to its sales and marketing staff as well as to acquire other startups. OpenText Enterprise Apps Fund led the Series D round, joined by investors Emerillon Capital, Blue Cloud Ventures, Northleaf Venture Catalyst Fund, Rogers Ventures, Summerhill Venture Partners, Georgian Partners, Export Development Corp. of Canada and Waterloo Innovation Fund.
- SevOne, a network infrastructure monitoring company based in Pike Creek, landed a $50 million investment deal this week – funding the privately-held company will use to develop new software and expand its reach around the globe. The latest round of venture capital secured by SevOne was supplied by five venture capital firms – four of which are located in Boston – including Westfield Capital Management and Bain Capital Ventures, along with Brookside Captial, HarbourVest Partners and Osage Venture Partners of Bala Cynwyd, Pennsylvnia.
- Beijing-based online community services O2O (online-to-office) platform Beequick has completed $70 million series C round of financing from Hillhouse Capital, Tiantu Capital and Sequoia Capital. The latest financing round came six months after the start-up's $20 million series B round led by Hillhouse Capital announced in March. The company says it plans to use the proceeds on market expansion and investments in logistics infrastructure.
- Bluewing Midstream LLC has secured an initial equity commitment of $100 million from Energy Spectrum Partners VII, LP and members of the Bluewing Management Team. The company plans to use the capital to acquire and develop oil and gas terminaling and transportation assets, with an initial focus on the Gulf Coast. Bluewing Midstream LLC was formed in July 2015 and is headquartered in Houston, Texas.
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: techinasia.com
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Read more from our "Daily Funding Roundup" series
Capsule raised $300M; Mux landed $105M; Ceribell secured $53M; UCM Digital picks up $5.5MRead more...
Vectra AI raised $130M; Solidia Technologies landed $78M; Capsida Biotherapeutics secured $50M; KeepRead more...
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