Xealth raised $3M; Humanising Autonomy landed $5.3M; Zeakal secured $10M; Rhumbix closed $14.3MRead more...
FiveStars raised $50M; IVP led $30M round for Qubole; Iterable closed $8M Series A funding
- D-Eye, a Padua, Italy-based startup that has developed a “digital eye” into the state of the human body, raised €1.5 million (approximately $1.6 million) in funding. Backers included Italian Government co-investment fund Invitalia Ventures, venture capital firm Innogest, Fondazione Cottino, current shareholder Si14 and managers of the company. Founded in 2014 by ophthalmologist Andrea Russo and led by CEO Richard Sill , D-Eye designs and manufactures mobile sensing and examination devices, along with companion applications, that enable mass health screenings and data collection to improve access to vital health examination services.
- GetSocial raised $2.5 million to expand its social networking platform for marketing and monetizing mobile games. The Amsterdam-based has built a backend platform for amplifying engagement of mobile gamers as well as data analytics tools that help mobile game developers cut the cost of user acquisition. The company raised money from Dutch venture capitalists including Astor Participaties, Enabling Technology Fund, Slingshot Capital, and Novamedia.
- Bengaluru-based consumer technology startup CREO, has secured $3 million in funding from Sequoia India, Beenext Ventures and India Quotient. Formerly known as Mango Man Consumer Electronics, CREO’s first product offering was Teewe – an HDMI media streaming device that was launched in September 2014. It then went on to launch Teewe 2 in May 2015 and claims to have established itself in about 50,000 households across India.
- Waldo Photos announced yesterday that it has raised a $5 million seed round, led by Upfront Ventures, to fund its photo-finding platform. The company plans to use the funds to not only launch its service to the public in the next 2 to 3 months, but to also increase hiring and partnerships. Upfront Ventures is the only institutional investor in this round, and contributed $4 million. Waldo declined to name other participants or disclose its valuation.
- Iterable, a growth marketing and user engagement platform, yesrterday announced it has closed a series A round of funding led by Charles River Ventures, with participation from previous investors. This latest round takes its total funding to $9.2 million, following a seed round in January 2015. The company was founded in 2013, and was a member of the Spring 2013 class at the AngelPad accelerator. Today’s funding raise will go toward improving that functionality for Iterable customers.
- Real estate portal Housing has raised $14.7 million (INR 100 Cr) in a fresh round of funding from Softbank. The company said that the funding will be used to drive its new strategy and growth plans. The company said in the statement that it has established a focused strategy on buying and selling homes. With 85 million visits in 2015 and 1.7 million verified listings to date, Housing is building scalable revenue streams around its product, demand and supply, and facilitating and fulfilling transactions.
- Mountain View, Calif.-based Qubole, a big data-as-a-service provider, announced it has raised $30 million in Series C financing. IVP led the round, which included existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners. As part of the funding, IVP General Partner Somesh Dash has joined the board. The company has now raised $50 million in total funding, including a $13 million Series B round in late 2014.
- Akili Interactive Labs, Inc. ("Akili"), a company focused on developing clinically validated digital medicine for cognitive assessment and personalized treatment, announced today that it has raised $30.5 million in new equity investments to support the further clinical development of the company’s late-stage products and build a commercial infrastructure for a potential U.S. Food and Drug Administration (FDA) clearance and product launch in 2017. Several investors, including JAZZ Venture Partners, Canepa Advanced Healthcare Fund and PureTech Health participated in the financing.
- Baofeng Mojing, a China-based manufacturer of virtual reality devices, has raised a RMB230 million (US$35 million) Series B round led by state-owned CITIC Capital Holdings, according to reports today in Chinese media. The other investors reportedly are media company Huayi Brothers and VC firm Green Pine Capital Partners. The funding brings the company’s valuation to RMB1.4 billion (US$213 million).
- FiveStars, a San Francisco, CA-based rewards program for small businesses, secured $50 million in Series C funding. The round was led by HarbourVest Partners with participation from Lightspeed Venture Partners, Menlo Ventures and DCM Ventures. The company, which has raised $105m to date, intends to use the funds to expand operations and increase hiring in all roles and functions, especially sales and engineering.
- Blockchain startup Digital Asset Holdings, which is run by former JPMorgan Chase Executive Blythe Masters, has raised $52 million and has a deal with ASX to bring Australian stock settlement into the digital age. Participants in the investment round included JPMorgan, Citi, Accenture, the Depository Trust & Clearing Corporation (DTCC), CME Group and ASX. ASX, the company behind Australia’s stock market, is said to have put $10 million of their own cash into the funding round
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: foleytangroup.com
Read more from our "Daily Funding Roundup" series
Whitebox raised $5M; Enboarder landed $8M; Text IQ closed $12.6M; Valtix secured $14MRead more...
SafeAI raised $5M; GuestReady closed $6M; Care Care landed $7M; Livepeer secured $8MRead more...
Related Companies, Investors, and Entrepreneurs
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.
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
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.
Joined Vator on
Our experience makes us realistic about how businesses unfold, and we can advise our portfolio companies at all phases of growth. Our size, global presence and heritage enable us to offer our venture capital and growth equity portfolio companies high-level, long-term assistance.
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.