Daily funding roundup - October 13, 2015

Mitos Suson · October 13, 2015 · Short URL: https://vator.tv/n/40a6

EverString raised $65M; Audentes Therapeutics bagged $65M; SteelBrick received $48M

  • Predictive marketing company EverString has raised $65 million, in what is the largest round ever for an AI company. Lightspeed Venture Partners led the Company’s Series B, with participation from return investors Sequoia Capital and IDG Ventures as well as new investors, including Lakestar. With this round EverString has raised roughly $79 million in venture funding. Founded in 2012, EverString helps build new pipeline and increase conversion rates with an account-based, full lifecycle, predictive platform for B2B sales and marketing.

  • SteelBrick, a provider of next-generation quote-to-cash software applications built on the Salesforce1 platform, just received a $48 million cash infusion, in a led by Institutional Venture Partners (IVP), with substantial participation from existing investors Emergence Capital, Salesforce Ventures and Shasta Ventures. This new round brings SteelBrick’s total funding received to more than $78 million in the last 18 months. In addition to the funding, SteelBrick also announced that Jules Maltz from Institutional Venture Partners (IVP) will join SteelBrick as a Board Observer.

  • Delhi-based Voodoo Technologies Pvt. Ltd, which owns and operates deals and price comparison app Voodoo, has raised $1 million in a seed round from SAIF PartnersThe app was launched last week and the company claims to have over 1,200 downloads so far. It will use the fund for team expansion and product development. Currently, the team consists of 10 people. It plans to hire 15 more people across operations and technology divisions by the end of December 2015.

  • Austin-based startup Roikoi is making strides, raising $1.7 million in funding since its 2014 launch and now slated to launch a new product in the coming week. The company is going live with its product that lets workers rate colleagues for job referrals and the new effort will be showcased at a major Las Vegas conference next week. Roikio funding was led by SocialStarts and Capital Factory as well as individual investors and Austin tech veterans such as Brett Hurt, Andrew Busey, Rob Taylor and Jason Story.

  • Concord, a San Francisco, CA-based contract signing platform, landed $2.7 million in funding. Backers included Cota Capital, WTI, Alven Capital and angel investors like Zuora CEO and Cofounder Tien Tzuo, Bruno Deschamps and Arnaud Vaissie. Led by Matt Lhoumeau, CEO and cofounder, Concord is a platform to create, negotiate, sign and manage contracts. Users can collaborate online, track changes, receive legally binding e-signatures, automate templates and set deadline alerts through a cloud-based environment.

  • FabFitFun announces the completion of the company's first round of funding, raising $3.5 million in an investment led by New Enterprise Associates and Upfront Ventures. Having bootstrapped to over $15 million in annual revenue run rate, the company expects the capital infusion to accelerate the company's remarkable growth and mission to inspire women to lead happier, healthier lives. Initially founded as an online magazine in 2010, FabFitFun is a full-size product lifestyle subscription box company. FabFitFun has channeled its deep understanding of what women want into curated seasonal boxes featuring the lifestyle industry's best full-size, premium products.

  • Ultivue, an early stage life sciences tools company, today announced the completion of $5.15 million in Series A financing from a group of investors including ARCH Venture Partners, Hansjoerg Wyss, and several private investors. In addition to the Series A funding, Ultivue has received an exclusive license from Harvard University for the Wyss Institute's DNA-PAINT and DNA-Exchange technologies and acquired the rights to other key enabling technology from California Institute of Technology.

  • Marfeel, a Barcelona-based technology company that powers the mobile version of sites such as MenHealth, Elle or National Geographic, has closed a new round of fundingNauta Capital, Elaia Partners and BDMI are once again leading the company’s $3.5 million Series B around. The trio of funds first invested €1.6 million in Marfeel in 2013. Since its founding in 2011, Marfeel has gone through two accelerator programs, SeedRocket and Wayra. The Telefonica-backed accelerator is now selling its stake in the startup, becoming the program’s sixth exit worldwide.

  • Boomtrain today announced it has secured $12 million in Series A funding with participation from Sierra Ventures, Cota Capital and Lerer Ventures. Boomtrain has raised more than $14 million to date, and will use the new funds to further advance its marketing personalization platform. By incorporating machine learning technology, Boomtrain enables marketers to automatically create personalized experiences for each individual customer across email, web and mobile apps.

  • Mobile banking innovator Moven has picked up $12 million in new funding. The investment round was led by Route 66 Ventures, and takes Moven’s total capital tomore than $24 millionAnthemis Group, Atlas Asset Management, NY Angels, and Raptor Group’s Jim Palotta also participated in the Series B round. The new capital will help Moven expand internationally, particularly to Canada and New Zealand. 

  • DataVisor, a startup whose founders spent years working on computer security at Microsoft Research, is announcing today that it has raised $14.5 million in new funding. Based on Apache Spark, DataVisor’s technology can analyze great quantities of activity logs — billions of events per hour — to identify fake or stolen accounts and prevent fraud, abuse, and spam. GSR and New Enterprise Associates both led the new round, which follows a seed round of an undisclosed size. 

  • Doctolib, a Paris-based startup that helps patients find doctors and schedule appointments, has scored $20.5 million to help it expand into six new European countries. In addition to fueling new growth, the latest investment demonstrates the kind of maturity that France’s boosters hope to see more of from its growing startup economy. The latest round also included investments from Bertrand Jelensperger, cofounder and CEO of La Forchette, as well as from Nicolas Brusson, a cofounder of France’s BlaBlaCar.

  • Danvers, Mass.-based CyPhy Works had raised $22 million in a round of funding led by Bessemer Venture Partners. The announcement is the latest in a series of private investments in companies in China and the U.S. building unmanned aerial vehicles (UAVs) for the consumer market. Led by iRobot cofounder Helen Greiner, CyPhy (pronounced Sci-Fi) did not disclose its valuation following the round, which brought its total funding to more than $30 million. 

  • Silicon Valley-based SentinelOne announced today that they have succeeded in pulling in $25 million in their Series B round. The boon from this latest funding venture comes in at 10X the value of their Series A, and brings their total investment to an impressive $40 million. Leading the charge in this round was new investor Third Point Ventures, joining previous funding participants Data Collective, Tiger Global, Granite Hill Capital Partners, and the Westly Group. SineWave Ventures also waded in as a newcomer, adding further cash for the cyber startup’s coffers.

  • Online testing platform Optimizely said today it has raised a new $58 million funding round, which it will use to support its rapid growth in the web and mobile content optimization space. The new Series C funding round was led by Index Ventures, with participation from Andreessen Horowitz, Bain Capital Ventures, Battery Ventures, Benchmark Capital, Citi Ventures, Correlation Ventures, Danhua Capital, Pharus Capital Management, Salesforce Ventures, and Tenaya Capital.

  • Softbank Corp, a subsidiary of the Japanese telecom conglomerate Softbank Group, has pumped $50 million into Cybereason, a security startup based in Tel Aviv, Israel and Boston, Mass., Cybereason said this week. The funding round—Cybereason’s Series C—totals $59 million and includes existing investors Charles River Ventures and Spark Capital. 

  • Audentes Therapeutics, Inc., a biotechnology company committed to the development and commercialization of gene therapy products for patients with serious, rare diseases, today announced the closing of an oversubscribed $65 million Series C financing. The financing was co-led by existing investor Sofinnova Ventures and new investor Redmile Group. The proceeds from the Series C financing will be primarily used to advance the company’s three lead development programs to key clinical milestones and to establish internal GMP manufacturing capabilities.

  • National Funding, a private lender of small business loans, announced that it has secured additional funding from its longtime bank partner, Wells Fargo. Wells Fargo Capital Finance will increase its line of credit up to $75 million, which will help fund small business, working capital and equipment leasing loans across its platform. This funding announcement comes on the heels of National Funding's recently announced company growth milestones: over $1Bdeployed to small businesses nationwide; a 172% revenue increase over the past three years and the addition of 50 new employees in the first eight months of 2015.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: iamwire.com

Image Description

Mitos Suson

I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!

All author posts

Support VatorNews by Donating

Read more from our "Daily Funding Roundup" series

More episodes

Related Companies, Investors, and Entrepreneurs

Upfront Ventures

Angel group/VC

Joined Vator on

Upfront Ventures, previously GRP Partners, is an LA based Venture Capital firm that focuses on early stage investments (mostly Seed & Series A).

GRP, rebranded as Upfront Ventures in June 2013, has been operating since 1996, making investments in tech companies like Overture, CitySearch, BillMeLater, Envestnet, DealerTrack, CyberSource, Qualys, and HDI in that time. For the firm, the rebrand represents its movement toward a new, 21st-century style of investing, emphasizing openness and transparency.

Sequoia Capital

Angel group/VC

Joined Vator on

Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one of the highest-caliber venture firms” and noted that it is “one of Silicon Valley’s most influential venture-capital firms”. It invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage.


Andreessen Horowitz

Angel group/VC

Joined Vator on

Andreessen Horowitz is a $2.5 billion venture capital firm that was launched on July 6, 2009. Marc Andreessen, Ben Horowitz, John O’Farrell, Scott Weiss, Jeff Jordan, and Peter Levine are the general partners of the firm.

IVP (Institutional Venture Partners)

Angel group/VC

Joined Vator on

With $7 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States.  Founded in 1980, IVP has invested in over 300 companies, 106 of which have gone public.  IVP is one of the top-performing firms in the industry and has a 36-year IRR of 43.2%.  IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments.  IVP investments include such notable companies as AppDynamics (CSCO), Business Insider (Axel Springer), Buddy Media (CRM), Casper, Compass, Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), Mindbody (MB), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), Personal Capital, Pure Storage (PSTG), Slack, Snap (SNAP), SoFi, Supercell (SoftBank), Tanium, Twitter (TWTR), Yext (YEXT), ZipRecruiter, and Zynga (ZNGA).  For more information, visit www.ivp.com or follow IVP on Twitter: @ivp.

Lightspeed Venture Partners

Service provider

Joined Vator on

Lightspeed Venture Partners is a technology-focused venture capital firm that manages $1.3 billion of capital commitments. We closed Lightspeed VII, a $480 million fund, at the end of 2005. Over the past two decades, our partners have invested in more than 120 companies, many of which have gone on to become leaders in their respective industries. Our team invests in the U.S. and internationally from offices in Menlo Park, China, India, and Israel.

We are proud to have partnered with many exceptional management teams. Our investment professionals have contributed domain expertise and operational experience to help build high-growth, market-leading companies such as Blue Nile (NILE), Brocade (BRCD), Ciena (CIEN), DoubleClick (DCLK), Informatica (INFA), Kiva Software (acquired by AOL), Openwave (OPWV), Quantum Effect Devices (acquired by PMCS), Sirocco (acquired by SCMR), and Waveset (acquired by SUNW). Some of our recent exits include the top-performing tech IPO of 2006, Riverbed Technology (RVBD), and the top enterprise software acquisition of 2006, Virsa Systems (acquired by SAP).

Visit our website at www.lightspeedvp.com

IDG Ventures

Angel group/VC

Joined Vator on

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


Angel group/VC

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.

Bessemer Venture Partners

Angel group/VC

Joined Vator on

In 1911, Henry Phipps founded Bessemer Securities to reinvest the proceeds of his sale of Carnegie Steel for the benefit of his descendents. The start-up investment operations were spun out into Bessemer Venture Partners, which now operates out of seven offices around the globe.

Index Ventures

Angel group/VC

Joined Vator on

Many venture firms would be best described as a collection of free agents who pursue their own deals and share offices and overhead with their partners.  They are more mercenary than missionary and will tell you to focus more on the individual partners and less on the partnership.  We hope to have the opportunity to show you how we are different. 

We are true partners who have built our own firm together, brick by brick; the same way you are building your company. When we commit to supporting your company, each and every partner in our firm commits to contributing his or her network, creativity and resources towards achieving your success. We are big believers in the power of teams.

We believe you will want an investor with whom you can build a close, supportive relationship over a number of years, yet who will be bold enough to challenge your thinking and your expectations.  If Index looks like a good fit, we encourage you to learn about us through the stories and news articles on this website.  We invite you to read about the companies we have invested in, and to speak to the entrepreneurs we have partnered with.  Their experience is our best reference.