itBit, a Singapore-based digital currency exchange, raised $3.25m in funding. The round was co-led by Canaan Partners and RRE Ventures, with participation from additional investors Liberty City Ventures and angel investors Jay W. Jordan II and Ben Davenport. The company, which has raised a total of $5.5m in institutional capital, will use...
Read More →Sample6, a Boston, MA-based company focused on applying biotechnology to advance food safety, raised $11m in Series B financing. The round was led by Canaan Partners, with participation from Cultivian Sandbox, and Series A lead investor Flybridge Capital Partners. In conjunction with the funding, Stephen Bloch, MD, General Partner of...
Read More →Civitas Therapeutics, Inc., a Chelsea, Mass.-based biopharmaceutical company with a lead program in Parkinson’s disease, completed a $38m Series B financing. The round was led by Bay City Capital with participation from new investors RA Capital and another undisclosed blue chip public investment fund and all existing investors Alkermes plc,...
Read More →Soasta, a Mountain View, Calif.-based provider of cloud and mobile testing solutions, closed a $30m financing. New investors Macquarie Capital and ROTH Capital joined existing investors Canaan Partners, Formative Ventures and Pelion Venture Partners. The company intends to use the funds to consolidate its market position and expand globally with...
Read More →ReVision Optics, Inc., a Lake Forest, CA-based developer of implantable corneal inlay technology to treat presbyopia, raised $55m in equity financing. Backers included existing investors Canaan Partners, ProQuest Investments, InterWest Partners and Domain Associates, and new investors Johnson & Johnson Development Corporation (JJDC) and RusnanoMedInvest (RMI). As part of the...
Read More →Joor, a NYC-based online fashion wholesale marketplace, raised $15m in funding. The round was led by Canaan Partners, with participation from Conde Nast parent company Advance Publications, and existing investors Battery Ventures, Forerunner Partners, and Lerer Ventures. The company intends to use the funds to expand internationally. Led by founder...
Read More →Instacart, a San Francisco, CA-based same day service that delivers groceries from multiple local stores, raised $8.5m in Series A funding. The round was led by Sequoia Capital, with additional participation from Khosla Ventures, Canaan Partners, SVAngel and Paul Buchheit, creator of Gmail. In conjunction with the funding, Michael Moritz,...
Read More →Metacloud, Inc., a Pasadena, Calif.-based provider of on-premise, private cloud as a service, raised $10m in Series A funding. The round was led by Canaan Partners with participation from existing investors Storm Ventures and AME Cloud Ventures. The company intends to use the funds to accelerate its pace of innovation...
Read More →Dermira, a Redwood City, California-based development-stage biotechnology company focused on developing and commercializing innovative new therapies in dermatology, raised $35m in Series B financing. Backers included new investor Maruho Co., Ltd., a Japanese dermatology company, and existing investors Bay City Capital, New Enterprise Associates, and Canaan Partners. The company intends...
Read More →Cuyana, a San Francisco, CA-based new high-end fashion brand, raised $1.7m in funding. Canaan Partners provided the capital. Co-founded by Karla Gallardo and Shilpa Shah, Cuyana aims to design and produce elegant, premium-quality accessories and apparel. The company does all design in-house sourcing fine materials from all over the world and working with...
Read More →WibiData, a San Francisco, CA-based Big Data application company, raised $15m in a Series B funding. The round was led by Canaan Partners, with participation from existing investors New Enterprise Associates and Google Chairman Eric Schmidt. In conjunction with the investment, Canaan Partners’ Ross Fubini joined WibiData’s board. The company...
Read More →The RealReal, a San Francisco, CA-based luxury resale web site, raised $14m in Series B funding. The round is led by InterWest Partners with participation from existing investors Canaan Partners, e.ventures and Greycroft Partners as well as new investors Novel TMT Ventures, Panarea Capital, Suzy Welch and Sukhinder Singh Cassidy....
Read More →According to reports confirmed by the company (read here), CompStak, a NYC-based startup that provides a commercial real estate information solution, raised $4.45m in Series A financing. Backers included Canaan Partners, 500 Startups, Founder Collective and Expansion VC. The company intends to use the funds to hire new people (read here)...
Read More →Theraclone Sciences, a Seattle-based developer of novel therapeutic antibodies for the treatment of infectious disease and cancer, closed $14m in Series B and debt financing. Backers included existing investors ARCH Venture Partners, Canaan Partners, MPM Capital, Healthcare Ventures, Alexandria Real Estate Equities, Amgen Ventures, Versant Ventures and Zenyaku Kogyo, which...
Read More →Minimally Invasive Devices, Inc. (MID), a Columbus, Ohio-based developer of a device that prevents loss of vision during laparoscopic surgery, completed a $9m Series B financing. The round was led by Canaan Partners, with participation from existing investor Charter Life Science. In conjunction with the funding, Brent Ahrens, general partner...
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