Daily funding roundup - December 4, 2015

Mitos Suson · December 4, 2015 · Short URL: https://vator.tv/n/41d7

iPinYou bagged $78M; Prosetta raised $31M; ZeroFox secured an additional $27M funding

  • Desino, a Cologne, Germany-based wheelchair manufacturer, completed a €500,000 (approximately $546,000) Series A funding roundBackers included Prof. Michael Friebe, the German Business Angel of the Year 2011, who acts as the pool spokesperson for other investing business angels. The company, which is also backed by High-Tech Gründerfonds and Dieter Lorenzen and is currently in talks with an additional institutional investor, will use the funds to open up the German market in 2016.

  • Onovative, which introduced its Core iQ bank marketing software, has raised $1.2 million in a second round of funding. The investment takes the company’s total funding to more than $1.6 million. The round was led by the Bluegrass Angels Fund. Also participating were the Sequel Fund, the Enterprise Angels Community Fund, the Kentucky Enterprise Fund, and Commonwealth Seed Capital, along with individual investors. Onovative says the funds will go toward “fuel(ing) sales growth and product development.” As part of the investment, Onovative relocated from its offices in Jeffersonville, Indiana to its new headquarters in downtown, Louisville, Kentucky.

  • Staffly, an online retail staffing company, announced that it has received $1.25 million in seed round fundingff Venture Capital led the round with participation from existing shareholders LionBird, Three Fish Capital and WS Ventures. Today’s investment brings the total to just around $2 million, according to the company. Staffly provides vetted staffing for retailers. 

  • LindaCare, a software company specializing in the field of tele-monitoring solutions for chronic disease patients, has announced the closing of a €1.5 million (approximately $1.6 million) Series A financing round, led by Capricorn Venture Partners. The funding will be used to support the development and launch of LindaCare’s product in key markets in Europe.

  • The digitization of government docs scored another win today, this time in the form of a $5 million investment in SeamlessDocs, a startup that offers cloud-based document automation for governments. The new Series A funding comes from the Govtech Fund, a venture capital firm that focuses on emerging government technology startups. Last year, SeamlessDocs raised $2.7 million in seed funding and embedded its digital forms into dozens of state and city departments, including the city of Los Angeles.

  • Teforia, a company that is building an Internet-connected tea infuser that is pitched as being able to brew tea customized for your taste buds, has raised $5.1 million led by UpFront Ventures with participation from Lemnos Labs, PreAngel Wareness and InnoSpring.  The machine tracks earthy, floral, savory, and sweet flavor profiles as well as caffeine and antioxidant levels in loose leaf teas, and based on the user’s feedback saves those preferences in the app. 

  • Israeli 3D sketching developer uMake  has raised $5.2 million in its Series A financing round led by BlueRun Ventures with the participation of AngelList and UpWest LabsThe Tel Aviv-based company, which was founded in April 2014 by CEO Evi Meyer and CTO Erik Sapir, enables user to sketch in 3D on i-Pads.

  • Baobab Studios, a startup that specializes in animated virtual reality content, has notched a $6 million “A” round led by Comcast Ventures alongside participation from HTC and Samsung VenturesAlso joining the funding mix are Advancit Capital, The Chernin Group, Freelands Ventures, Zynga co-founder Mark Pincus and Paypay co-founder Peter Thiel. Fan, who previously served as VP of games at Zynga, said Baobab’s plan is to be “agnostic,” and to develop content for a wide range of VR platforms. Early on, it will also distribute movies with HTC, maker of the Vive headset, powered by SteamVR.

  • ZeroFOX, a social media cyber security, has raised an additional $27 million in capital to provide detection and defense for social media security threats. Previous investors NEA, Genacast Ventures and Core Capital also participated in the round, along with Silicon Valley Bank. Finally, several industry veterans participated in the round as strategic investors, including Lane Bess, former CEO of Palo Alto Networks; Tim Eades, CEO of vArmour; and Avi Rubin, the Technical Director of the Information Security Institute at Johns Hopkins University.

  • Prosetta Biosciences, Inc., a San Francisco, CA-based biotechnology company focused on human and animal treatments and therapeutics, raised approximately $31 million in Series D funding. Backers included Alger Management and Takeda Pharmaceutical Company, among others. The company intends to use the funds for research and development, with an emphasis in the fields of central nervous system diseases and disorders, oncology, inflammation, antiinfectives, vaccines, animal health and biodefense, among other fields, and for working capital and general corporate purposes.

  • Beijing-based iPinYou, a programmatic digital ad buying firm, has completed a RMB500 million ($78 million) new round of financing led by China Mobile Innovation Industry Fund, Beiguang Wenzi Gehua Fund and Shenzhen Capital GroupIn an announcement, iPinYou says it has also dismantled its variable interest entity (VIE) structure to become a Chinese company, with an aim for a domestic listing very soon. The company says it will use the proceeds to accelerate its international business with a focus on cross-border marketing.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: indiafilings.com 

Image Description

Mitos Suson

I am currently affiliated with Vator. I co-produce the Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and I love it!

All author posts

Support VatorNews by Donating

Read more from our "Daily Funding Roundup" series

More episodes

Related Companies, Investors, and Entrepreneurs

Staffly, Inc.

Startup/Business

Joined Vator on

Staffly instantly provides retailers with screened, insured and trained Staffers.

Retail employee attrition rates are 67% and workers miss 21 days a year of work. Over half of the absences are last minute. The normal for main street business owners is always to be down a person or two.

 

Thousands of people looking for part-time work. 80% of college students want to work part-time, 47% of stay at home parents think that working part-time would be ideal, and 54% of baby boomers expect to work part-time in retirement.

Staffly handles the time-consuming responsibilities of interviewing, background checks, training, payroll, workers’ comp, and taxes.   Staffly deploys our Staffer service into retailers by providing a short retailer orientation to our Staffers, enabling them to quickly hit the ground running.  Staffly Staffers are always ready to show up and work.

NEA

Angel group/VC

Joined Vator on

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.

Upfront Ventures

Angel group/VC

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.