Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
June raised new funding; LifeBeam scored $16M; RevUp Software received $5M Seed Investment
- OneRent, a end-to-end residential rental and property management service, closed a $4 million Series A round of funding from Renren, Inc. The financing will support the company's expansion into several new high-volume markets in 2016, and will be used for talent acquisition.
- RevUp Software, a Redwood City, CA-based data analytics startup that aims to bring efficiency to fundraising, raised over $5 million in seed funding. Investors include Greylock Partners (Reid Hoffman), Sean Parker, Omidyar Network, Salesforce Ventures, Evan Goldberg, Drew Perkins, the Valley Fund and other The company intends to use the funds to grow its engineering, data analysis and sales teams as well as to further expand into the academic and non-profit areas.
- French peer-to-peer car sharing startup TravelerCar raised €5 million (approximately $5.6 million) to bring its business to the next level. The company aims to increase its user base fivefold by the end of this year. The fresh cash comes from French insurance company MAIF (via its investment fund MAIF Avenir, which earlier backed Paris-based NUMA) and prior investors, and should enable the startup to expand further into Europe.
- Zeel Networks Inc., an on-demand massage provider, closed $10 million of a $12 million Series A round. The funding comes as the service, which is available in 20 cities, is slated to expand into three more areas. Zeel plans to launch in Phoenix, Austin and Seattle on Monday. Emil Capital Partners led the round, which has participation from Slow Ventures, Partech Ventures, New Atlantic Ventures and Spafinder. The company didn’t disclose its valuation but has raised $15 million to date.
- Kreditech raised 10 million euros ($11.2 million) in funding from International Finance Corporation (IFC), part of World Bank Group, bringing its total Series C round to 92.7 million euros ($103.6 million). Hamburg-based Kreditech in September raised 82.5 million euros as part of the Series C led by J.C. Flowers & Co. and including Peter Thiel, Amadeus Capital Partners, as well as existing shareholders Värde Partners, Blumberg Capital and HPE Growth Capital. Kreditech is a consumer finance technology company.
- Wearable technology developer LifeBeam scored a $16 million investment led by Squarepeg Capital. The funds from the round will help LifeBeam further develop its “awareable” products, which promise users the “most personalized and insight-driven workout experience.” Wellborn VC, Cerca Partners, Atomic14 VC, and Triventures VC also participated in the investment. LiveBeam has raised at least $18.7 million to date.
- June raised a new round of funding, adding $22.5 million to its coffers to support not only the team, but also its smart oven device. The round was led by Eclipse and included the participation of Sound Ventures, Vaizra Investments, Promus Ventures, and Lumia Capital. Existing investors like Foundry Group, First Round Capital, Lerer Hippeau Ventures, and others repeated as investors.
- Bromium, Inc., a Cupertino, CA-based developer of endpoint protection using virtualization, secured $40 million in funding. The round was led by existing investors (which include Andreessen Horowitz, Ignition Partners, Highland Capital Partners, Intel Capital, Lightspeed Venture Partners and Meritech Capital Partners) and Silver Lake Waterman. The company, which has raised $115m in total, intends to use the funds for its continued growth in the enterprise endpoint security market.
- True Ventures is looking to raise $295 million for its fifth fund, according to a filing with the SEC this week. So far none of that has been raised, but if the firm were to raise that much it would be its biggest fund yet, just beating out the $290 million it raised for True Ventures IV in 2014. The firm currently has $1 billion under management.
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