With $150B already invested, VC is set to have another recording breaking yearRead more...
Premise bagged $50M; Replimune closed $30M Series A financing; DriverUp raised $20M
- Crowdway, a Milan, Italy-based smart platform that generates news and analysis about financial markets, raised €150,000 ($167,400) in seed funding. Backers included TIM Ventures and Club Italia Investimenti 2. The company intends to use the funds to continue to develop the platform. Crowdway is advancing a platform that leverages a proprietary algorithm based on Big Data analysis that gives individuals and organizations the opportunity to use Crowd Trading and receive exclusive information about financial markets.
- Software as a service ( SaaS) based training and recruitment platform Capabiliti which is owned by Noida based startup Qustn Technologies, has raised $400,000 from US based early stage VC fund 500 Startups and angel investors. Capabiliti is a self-service platform to recruit, on board, train and assess remote users across any geography over any device. The platform is available across mobile and web for any organization. It has clients like Airtel, IndusTowers, Shopclues, and Flipkart. The funds will be used to expand into the international markets, build the team and enhance the technology platform.
- Ledge is an app that lets users easily borrow money from their peers; they've recently received $900,000 in seed funding from undisclosed investors. Sometimes, it's awkward to lend money to family or friends, especially with the risk of not getting paid back. As a solution, Ledge came up with an app to solve this problem by automating and bring transparency to peer-to-peer lending.
- ElastiMed, a Tradyon, Israel-based developer of a wearable device using smart materials to treat Chronic Venous Insufficiency (CVI) and to prevent Deep Venous Thrombosis (DVT), raised $1 million in funding. Backers included Pix Vine Capital, a Singapore-based investment house. The company intends to use the funds to complete R&D, to proceed with regulatory filings, and to commence clinical trials.
- Gurgaon based innerChef, a food-technology company that delivers ready-to-eat and ready-to-cook meals announced a pre-series A round of Rs. 11cr ($1.66million) from the leading investors from across the globe. A number of leading Indian and International technology founders have participated in this round including the likes of Phanindra Sama (redBus), Vijay Shekhar Sharma (Paytm), Anupam Mittal (Shaadi.com), Vishal Gondal (GOQii, exited from Indiagames), etc. innerChef co-founder Rajesh Sawhney is also the founder of GSF Accelerator and a majority of investors in this round of funding for innerChef have also invested in GSF.
- Health Tech CliniCloud, an Australian start-up closed a $5 million in seed funding led by Chinese tech giant Tencent. Ping An Ventures, the venture arm of Chinese insurance and banking conglomerate Ping An, was also a major investor. Others include prominent musician and investor, D.A. Wallach, Kosaku Yada (Sonar Group) and other private participants. The heavy backing by Chinese companies signals that CliniCloud has a big future in China’s growing ageing society. The funding will mainly be used to accelerate production and roll-out of the first shipment in about a month’s time. It will also be used to develop future products, expand the team and go global.
- Amino, a startup that’s built 41 different mobile community apps (so far), is announcing that it has raised $6.5 million in Series A funding. The Series A was led by Venrock, with participation from previous investor Union Square Ventures. Venrock partner David Pakman is joining Amino’s board of directors, and the firm’s vice president Richard Kerby is also joining as an observer. The funding will allow Amino to expand its development, sales and marketing teams.
- US-based advertising technology startup AdsNative has raised $8.5 million in Series A round of funding from Rakuten Ventures, Interwest Partners and Onset Ventures. According to an official statement, the new injection of funds will help the startup roll out its new product AdsNative Enterprise, a platform that lets publishers and media companies manage non-standard advertising placements across digital channels using a one-stop solution.
- Shanghai-based workplace collaboration platform Teambition announced this week that it has raised $12 million in Series B funding from investors including NLVC, IDG, Vangoo Capital, and Gobi Partners. The money will be used to further build out its existing freemium model, expand sales efforts, diversify the team, and hire more global talent from outside China. It also plans to adapt and customize the product “to what specific industries need to collaborate.”
- StreamSets Inc., a company that speeds access to enterprise big data, today announced it has closed a $12.5 million round of Series A funding co-led by experienced big data investors Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners. In addition, StreamSets today launched a revolutionary new data ingest infrastructure, called StreamSets Data Collector, which helps businesses accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data.
- Skillz, a mobile eSports, today announced that it has raised $15 million in Series B funding led by David Bonderman’s Wildcat Capital Management. The Kraft Group, owners of the New England Patriots, Marc Lasry, co-owner of the Milwaukee Bucks, Sequoia Capital and existing investors also participated in the round. Skillz has now raised over $28M in total financing and plans to use the new capital to market the platform, roll out its recently announced live events technology, and grow its teams in Boston and San Francisco.
- A Dallas-based online automotive financing marketplace has raised $20 million in a Series B round. DriverUp, which gives accredited investors the chance to enter the auto lending industry, plans to use the funding for product development, loan inventory and marketing efforts. The round was led by New York-based SF Capital Group, which joined existing investors New York-based Emerald Development Managers and New York-based RRE Ventures.
- Replimune today announced the closing of a $30 million Series A financing led by Atlas Venture. Atlas joins previous seed investors Forbion Capital Partners and Omega Funds as investors in this funding round. Replimune, headquartered in Oxford UK and with a significant presence in Cambridge, MA, was founded in April 2015 to develop the next generation of 'oncolytic immunotherapies' for the treatment of cancer. Jason Rhodes, Partner at Atlas, will join the board of Replimune together with Otello Stampacchia and Sander Slootweg of Omega and Forbion, respectively.
- Three-year-old Premise, an economic data tracking platform, has bagged $50 million in Series C funding from earlier backer Social + Capital Partnership and new investor Valor Equity Partners, which pitched in $35 million. Valor’s Antonio Gracias, who is also a director at Tesla and SpaceX, is joining the board. He joins the company’s earlier board members Chamath Palihapitiya, who founded Social + Capital; Larry Summers, the former Treasury secretary; and investor Karim Farris of Google Ventures.
- Onshape, a three-year-old company in Boston, claims to be the first 100% cloud-based 3D design software, and today announced a fresh $80 million in venture capital, roughly half of which is from new investor Andreessen Horowitz along with previous investors that include NEA, North Bridge Venture Partners and Commonwealth Capital Ventures. Onshape has now raised $145 million (pre-revenue, mind you) on the bet of collaborative 3D design in the cloud. Onshape’s computer-aided design (CAD) software runs in any Web browser for $100 a month (there’s also a free version). “We are going after the shift in how things are made,” says John McEleney, Onshape’s CEO and cofounder.
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: paymentweek.com
Support VatorNews by Donating
Read more from our "Daily Funding Roundup" series
Shopmonkey raised $75M; Daloopa landed $20M; Stemson Therapeutics secured $15M; Halla picks up $4.5MRead more...
Swift Medical landed $35M; Abodu raised $20M; Lightyear secured $13.1M; Nooks announced a $5M seedRead more...
Related Companies, Investors, and Entrepreneurs
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
NEA is the entrepreneur’s venture capital firm.
When it is time to take a promising business or business idea to the next level, entrepreneurs want a venture partner who understands and believes in the power of big dreams, bold visions and fresh ideas that have the power to change an industry, a sector, the world.
Moreover, entrepreneurs want a venture partner who knows what it takes—through first-hand experience and carefully nurtured relationships—to make a company succeed, to turn an idea into an action, and to make a plan a reality.
For more than 30 years, NEA has been helping to build great companies. Our committed capital has grown to $13 billion, including a $2.6 billion fourteenth fund closed in 2012. We invest across stage and geography in technology, healthcare and energy.
Remaining nimble as we’ve grown—with more than 65 investment professionals working out of our offices in the US, India, and China and investing across the globe—NEA is the entrepreneur's venture capital firm, consistently ranking among the top firms in portfolio IPOs each year. Since its founding, the firm has backed more than 175 companies that have gone public and invested in more than 290 companies that have been successfully merged or acquired—more liquidity events than any other venture capital firm.
Whether you are seeking investment to get your idea off the ground or looking to propel a proven idea toward greatness, NEA is the venture partner who will be there—because we’ve been there—every step of the way.
Joined Vator on
InterWest’s primary focus is providing venture capital to early-stage Healthcare and Information Technology companies. Our Healthcare team invests capital in a wide array of early-stage companies including preclinical- and clinical-stage firms with great potential, as well as companies with commercial-stage assets. The InterWest IT team typically favors funding development-stage companies, but also provides capital to early-stage companies with near-term ROI potential.
Although we generally invest in the early stages of a company's development, we evaluate companies on their individual merits rather than their investment stage. We invest an average of $10 to 15 million over the span of our involvement with each company in our portfolio. - See more at: http://www.interwest.com/about/interwest/how-interwest-works#sthash.c0ITX2RY.dpuf