Regulus Cyber secured $4M; Electric has raised $7M; Quartz Systems landed $7.8MRead more...
Tarveda Therapeutics secured $38M; Branch Metrics received $35M investment; PitchBook raised $10M
- CosmosID, a bioinformatics company focused on microorganisms and infectious diseases, today announced it has closed $6 million in Series B funding led by the Applied Value Group (AVG), a private management consulting and investment firm chaired by Bruce Grant (former head of one of the largest telecommunications carriers in Sweden). CosmosID says it will use the new funding to grow its engineering capabilities, clinical applications, research and development (R&D), and develop new products.
- PitchBook, a Seattle-based startup that conducts research about investments. The company, which has been around since 2007, has barely taken any funding. Besides a $4.25 million Series A round that closed in 2009, it has been bootstrapped. As it happens, though, many bootstrapped companies eventually find themselves in a position where they want to grow, but without the money to support it. So they turn to venture capital. Such is the case with PitchBook, which announced on Wednesday that it has raised $10 million in Series B funding. The capital came from Morningstar, who has previously invested in the company. The funding brings PitchBook's total funding up to $14.25 million, at a $160 million valuation. With this latest round, Morningstar now owns 20 percent of the company.
- Lever, a SaaS-based recruiting platform, is announcing tomorrow that it has secured $20 million in Series B funding led by Scale Venture Partners. Coincidentally, ScaleVP, a big investor in enterprise software providers (like Lever, Box, DocuSign, and HubSpot), just closed $335 million for its Scale Venture Partners V, L.P.. Also participating in Lever’s new round are existing investors Matrix Partners and Index Ventures as well as new investors Correlation Ventures and a syndicate led by Naval Ravikant (CEO and co-founder of AngelList). To date, the company has raised $32.8 million.
- Singapore-based financial technology (fintech) startup Jewel Paymentech has secured over S$1.5 million ($1 million) in Series A funding, in a round led by Tuas Capital Partners.Others participating in the round were private and institutional investors, including 8capita.The funds will be used to expand the team and roll out solutions to tackle challenges in the payment space, according to Jewel Paymentech.
- Fabelio, an online furniture marketplace in Indonesia, has raised a $2 million series A round in short order, coming just months after a seed round. The company aims to sell high-quality furniture to Indonesians both from suppliers and in-house designers. Venturra Capital, a new VC firm which has rapidly burst onto the scene, led the round. Existing backers 500 Startups and IMJ Investment Partners also joined.
- Icejam, a Canada-based mobile games company, raised CDN$3 million (approximately $2.2 million) in seed funding. The round was led by Build Ventures. In conjunction with the funding, Patrick Keefe, general partner of Build Ventures, joined icejam’s Board of Directors. The company, which has now raised $3.5 million in total, intends to use the funds for future growth, continue development of its proprietary new Playable Data™ Platform and prepare its first game for market introduction.
- panOpen has announced the official launch of its learning platform exclusively based on Open Educational Resources (OER), with nearly 100 pilot programs in place at colleges and universities nationwide. January also marks the close of the second investment round led by Zen Group, LLC, bringing panOpen’s total initial financing to $4.5 million. panOpen plans to use the proceeds to support platform development and institutional outreach.
- StatMuse, a startup out of San Francisco that currently lets you search for basketball facts and statistics through ordinary “natural” language requests, has picked up a $10 million round of funding. The Series A comes from the Walt Disney Company and TechStars (StatMuse was in a 2015 cohort in the Disney/TechStars Accelerator), along with Allen & Company, Greycroft Partners, Promus Ventures, Haas Portman, Deep Fork Capital, and Bee Partners. The round also included some notable names from the sports world: former NBA commissioner David Stern and United Talent Agency also chipped in.
- Branch Metrics, a tool for app developers and marketers, took in a $35 million investment led by Founders Fund, the startup announced today. New Enterprise Associates (NEA), Pejman Mar Ventures, Cowboy Ventures, and new investor Madrona Venture Group also joined the round for Branch. To date, the startup has raised at least $53 million.
- Tarveda Therapeutics, Inc., formerly Blend Therapeutics, today announced that it has secured $38 million in Series C financing co-led by new investor Novo A/S and existing investor New Enterprise Associates (NEA). The company also announced the change of its corporate brand to clearly highlight the company’s differentiated approach to treating cancer.
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: cannon.skule.ca
Read more from our "Daily Funding Roundup" series
Invisible AI has raised $3.6M; First Dollar picks up $5M; Vndly landed $8.5M; Limbix secured $9MRead more...
KlearNow raised $16M; Medable landed $25M; Sensor Tower secured $45MRead more...
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Scale Venture Partners chooses markets for investment based on our insights into trends drawn from primary research with incumbents, customers, competitors and our network of experts. We select companies we think are going after something great.
Our investment strategy makes "scale" relevant to you for two reasons. We operate in markets where you can create large scale success. We work side by side with you to help scale your business to reach its market potential.
Most of our investments are mid to late stage, when the software is being used, the chip is in the fab, and the therapy is being tested on humans. It may still feel early to you. You may be just starting to build out your go-to-market team. It's at this stage that our own practical operating experience drives the best rewards.
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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.
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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.
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500 Startups is an early-stage seed fund and incubator program located in Mountain View, CA. They invest primarily in consumer & SMB internet startups, and related web infrastructure services. Their initial investment size is typically $25K-$250K.
Selected areas of interest include financial services & e-commerce, search/social/mobile platforms, personal & business productivity, education & language, family & healthcare and web infrastructure.