Transactis received $30M total investment; HomeLight secured $11M Series A; Jugno raised $10M
- Maize Analytics, a Nashville-based technology company that provides patented machine learning software to monitor and protect patient data, completed a second round of funding. The round was led by Nashville investor Jim Sohr, the Chairman and CEO of Powered Health, a portfolio of health care technology companies. He also was the CEO of AIM Healthcare Services before its acquisition by Ingenix (now Optum) a division of UnitedHealth Group in 2009.
- Magic Add raised $250,000 in angel funding for product development and to create an international network of suppliers and customers. The company has been working in partnership with global food packaging specialist Huhtamaki on digitalized applications for foodservice packaging. Magic Add has also entered into cooperative agreements with other international companies.
- Jugnoo managed to pump $5 million funding from Paytm. The total many raised in the round was $10 million, with other investors such as venture capital and Rocketship vc contributing in to back the auto rickshaw aggregator and hyperlocal delivery firm. Commenting on the round, Kiran Vasireddy, Senior Vice-President, Paytm said, “With further infusion of funds, Jugnoo will be equipped to scale up its operations across the country and Paytm is happy to be a part of its growth story.”
- HomeLight, a San Francisco, CA-based marketplace for finding real estate professionals, raised $11 million in Series A funding. The round was led by Zeev Ventures with participation from Dovi Frances of SGVC, Bullpen Capital, Montage Ventures, Krillion Ventures, Innovation Endeavors, Oren Dobronsky, and Yariv Davidovich. In conjunction with the funding, Oren Zeev of Zeev Ventures, joined HomeLight’s board of directors. The company, which has raised $15m to date, intends to use the funds to enhance its data-driven product offering.
- Five of the U.S. commercial banks — Capital One, Fifth Third, PNC, TD, and Wells Fargo — and Safeguard Scientifics invested a total of $30 million in Transactis, a provider of electronic billing and payment solutions. Each bank, along with Safeguard, invested an equal amount in Transactis as part of a Series E financing, demonstrating the banks' continued leadership in payments innovation. Transactis' technology reaches more than 100 million households and businesses in North America.
VC's Raising Funds
- A new fund has been created with the sole purpose of investing in startups coming out of University of California at Berkeley. Jeremy Fiance, former managing partner for the Dorm Room Fund, raised $6 million to create The House Fund, which supports pre-seed and seed-stage companies with ties to the university. The House Fund is backed by investors like Sherpa Capital, Redpoint Ventures founder and partner Jeff Brody, True Ventures founder John Burke, entrepreneurs such as Dialpad founder Craig Walker, Nextdoor founder Prakash Janakiraman, Lily Robotics founder Antoine Balaresque, and others.
- Genomics company Illumina committed $100 million to a new venture capital fund focused on early-stage companies pioneering new genomics products. The new Illumina Ventures fund is being run by Nicholas Naclerio, the company’s former senior vice president for corporate and venture development. Times of San Diego has more here.
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: crowdfundbeat.com
Related Companies, Investors, and Entrepreneurs
April 18, 2016
April 18, 2016