Popular US venture capitalist Chris Sacca, known for his early investments in Twitter and Uber, and the recent exit from Twilio, is retiring from startup investing.
U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report.
Epic Sciences, a San Diego, CA-based developer of liquid biopsy tests to predict drug response in cancer patients, completed a $40m Series D financing.
Me.me, a San Francisco, CA-based meme search engine, raised $1.5m in funding.
MarcoPolo Learning, a NYC-based early childhood education startup, raised $8.5m in its first funding.
Digital music service Spotify has acquired Mediachain Labs, a Brooklyn-based developer of a blockchain research agenda and open source protocol to manage data for the music industry.
Bitkraft Esports Ventures, a Berlin, Germany- and Los Angeles, CA-based early stage investor and incubator focused on the esports sector, has officially launched its first specific fund.
CommonEdits, a Texas-based collaborative music platform startup, raised $600k in funding.
Origin Ventures, a Chicago, IL-based venture capital firm, closed its fourth fund, at $80M.
Propel, a Brooklyn, NY-based developer of software to help food stamp recipients manage their benefits, raises $4M in seed funding.
Accolade Partners, a Washington, DC-based growth equity and venture capital firm, closed its sixth fund, at $235m.
ChromaCode, Inc., a Carlsbad, Calif.-based molecular diagnostics company, raised $12m in Series B funding.
Moberg ICU Solutions, an Ambler, PA-based medical device development and manufacturing company, received an initial $3m investment from Micromed SAS.
UiPath, a robotic process automation software company, raised $30m in Series A funding.
Zeta Global, a New York-based data-driven marketing technology platform provider, secured $140m in its Series F financing round.