Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
Creandum landed $197M; Federated Wireless raised $22M; Atom Tickets $50M funding
- 4G Clinical, a Boston, MA-based randomization and trial supply management company, secured $2.5 million in Series A funding. The round was led by Boston-based Schooner Capital. The company will use the funds to build out its business and technology offering, to continue to recruit talent, and to promote the brand at industry conferences.
- CarGlass, a San Francisco-based technology company dedicated to connecting drivers to content and information safely and intelligently, received a $3M vote of confidence from Byron Asset Management, Morning Crest Capital and two other family offices actively investing in the digital media and connected car spaces. The startup will use its seed funding for new hires, product development and delivering its service to the more than 132 million U.S. commuters.
- Lexumo, a Cambridge, Massachusetts cloud service that continuously checks open source code to be sure it has the latest security updates, announced a $4.89 million seed round. The round was led by Accomplice, .406 Ventures and Draper. What has Lexumo created to warrant that kind of financial attention? It indexed all of the open source code in the world and created a cloud security service aimed at helping companies using open source code inside embedded systems or enterprise software.
- Flyp, a U.S.-based telecommunications company, raised $5.8 million in seed funding from institutional investors in Silicon Valley and prominent East Coast investors. The $5.8 Million seed round was raised from institutional investors in Silicon Valley and prominent East Coast investors. Investors include, amongst others, Aspect Ventures, Acorn Ventures, Structure Capital, MAG Ventures, Morningside Technology Ventures, Russell Simmons, and Jeffrey Parker. The funds are being used to refine the user experience, expand business quality features and launch the service in an additional 30 countries in 2016.
- Japanese startup Kaizen Platform, offering website user interface improvement solutions, fundraised $8 million in a series B round. Participating investors are YJ Capital, NTT Docomo Ventures, Saison Ventures, Colpl, Eight Road Ventures Japan (previously known as Fidelity Growth Partners Japan), Gree Ventures, and GMO Venture Partners. Eight Road Ventures Japan, Gree Ventures, and GMO Venture Partners participated in the previous round.
- Israeli telecom startup Kaymera scored $10 million, the company announced on Monday. That money will enable immediate expansion, doubling the size of the company. Hong Kong-based GOEC Go Capital Ventures (founded in 2012) joined the round alongside Israeli angels Eddy Shalev and Yariv Gilat. The company is adding 10 new employees to their office in Herzliya and new hires abroad (location unspecified), bringing the company’s total staff to about 30 people.
- KFit, an Asian gym membership app backed by Sequoia Capital, raised $12 million in a series A funding round as it tries to add fitness studios and expand to more cities. KFit Asia Sdn Bhd attracted investors led by Venturra Capital, as well as Susquehanna International Group and Axiata Digital Innovation Fund. Previous investors Sequoia and 500 Startups also participated, it said in a statement. In July, KFit raised seed funding of $3.25 million. Sequoia’s biggest hits include early investments in Apple Inc., Google Inc. and Yahoo! Inc.
- Federated Wireless raised $22 million to bolster the development of its cloud-hosted Spectrum Access System (SAS) and CINQ platform to bring the benefits of shared spectrum in the 3.5GHz band to Enterprise customers in the Education, Healthcare, Hospitality, Retail and Financial markets. The Series A round, led by Woodford Investment Management, demonstrates growing investor support for Federated Wireless’ efforts to collaborate with leaders in the Telecommunications and Wi-Fi industries, as well as with government agencies such as the Federal Communications Commission (FCC), to develop standards for dynamically sharing the newly introduced 3.5 GHz band of unlicensed spectrum.
- A trio of Hollywood studios led a $50 million investment in startup Atom Tickets, an online movie ticketing app that's set to launch this summer. Fox, along with Disney and Lionsgate, are the three studios helping to back the Santa Monica-based Atom, founded by Ameesh Paleja, who serves as CEO, and film financing veteran Matthew Bakal, who serves as chairman. The app is now being tested in several markets with the participation of Regal and Carmike cinemas.
VC's Raising Funds
- The latest to close a new fund is Stockholm and Palo Alto-based Creandum. ‘Creandum IV’ is a €180 million (approximately $196. 00 early-stage fund). The fund was oversubscribed from pension funds, life insurance companies, university endowments, family offices, tech corporations and VC fund of funds coming from the Nordic region, Europe, Middle East and North America.The company will be primarily targeting seed and Series A investments, but also follow-on rounds, in Internet and software startups across Europe. As is becoming a theme these days, Creandum will be on the look out for companies that can impact large markets, including reaching out to the U.S., something the VC, who is perhaps best known for being an early backer of Spotify, is well-placed to help with given it has an office and partners based in Silicon Valley.
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