REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Andela, a Lagos, Nigeria-based selective technology training program in Africa, raised a Series A round of funding. The financial terms of the deal weren’t announced. The round was led by Spark Capital with participation from Omidyar Network, LearnCapital and other investors from North America and Africa. In conjunction with the funding, Spark Capital general partner […]
OneWeb, a London, UK-based builder a new global communications system to create affordable broadband services for all, raised $500m in funding. Backers included Airbus Group, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm Incorporated, The Coca-Cola Company, the Virgin Group, and Totalplay, a Grupo Salinas Company, owned by Ricardo B. […]
Celect, a Boston-based data-driven customer choice modeling suite, launched with $5m in Series A funding. The round was led by August Capital with participation from Activant Capital Group. In conjunction with the funding, Vivek Mehra, General Partner at August Capital, joined Celect’s Board of Directors. The company plans to use the funding to grow its […]
Postmates, a San Francisco, CA-based on-demand delivery service, secured $80m in funding. The round was led by Tiger Global Management. In conjunction with the funding, Lee Fixel, a partner at Tiger Global, joined Postmates’ board. The company intends to use the funds to accelerate geographic expansion, to grow key teams and to explore new categories […]
Menlo Park, California-based same-day delivery company Deliv acquired WeDeliver, a Chicago-based provider of same-day delivery for local merchants. The financial terms of the deal weren’t announced. With the acquisition, Deliv aims to deepen its stake in the same-day delivery market as it continues to grow and expand nationally. It currently powers same-day delivery for over […]
Tesora (formerly known as Parelastic), a Cambridge, Mass.-company building a business around Trove, an open-source database for the OpenStack crowd, raised $4.5m in funding. Backers included Rho Canada Ventures and existing backers General Catalyst, CommonAngels, Point Judith Capital and other angel investors. Led by Ken Rugg, founder and CEO, Tesora provides a Database as a […]
Textmaster, an Etterbeek, Belgium-based translation services company , raised over €4m in funding. Backers included Serena Capital, Alven Capital, Fabrice Grinda, Thibaud Elizère, Cédric Siré and Geoffroy Bragadir. The company intends to use the funds to speed up its international expansion and invest in research and development. Textmaster operates a professional online marketplace for translation, […]
Sebacia, Inc., a Duluth, GA-based company dedicated to delivering dermatology treatments, completed a $22m Series C financing. The financing includes $12m in equity from existing investors, Accuitive Medical Ventures, Domain Associates, Versant Ventures, and Partners Innovation Fund, and $10m in a credit facility from Square 1 Bank. The company intends to use the funds to complete its pivotal […]
Qwilt, a Redwood City, CA-based provider of open caching and online video delivery solutions, closed a $25m Series D funding round. The round was led by Disrupt-ive (with a $16m investment), with participation from Eric Schmidt’s Innovation Endeavors, Cisco Investments, Accel Partners, Bessemer Venture Partners, Marker LLC and Redpoint Ventures. The company, which has raised […]
Redis Labs, a Mountain View, CA-based commercial Redis provider, secured $15m in Series B funding. The round was led by Bain Capital Ventures and Carmel Ventures, with participation from Silicon Valley Bank. Led by Ofer Bengal, CEO and co-founder, Redis Labs powers applications with fast enterprise-class Redis, an open-source, in-memory NoSQL database. It provides a cloud service called […]
Matterport, a Mountain View, CA-based developer of computer vision technology, raised $30M in Series C financing. The round was led by Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, with participation from new investor GIC and existing major investors. Since 2014, Matterport has raised a total of $56M from Lux Capital, DCM Ventures, Felicis […]
Automatic Labs, a San Francisco-based connected car platform, raised $24m in Series B funding. Backers included CDK Global, USAA, Comcast Ventures.Y Combinator, RPM Ventures, Anthemis Group, Amicus Capital, and angel investors Mark Goines, Jared Kopf, Rob Chandhok and Dan Rose. The company, which has raised $32m in total, intends to use the funds to accelerate […]
TypeZero Technologies, LLC, a Charlottesville-based healthcare technology company, raised an undisclosed amount of funding. The round was led by CIT GAP Funds with participation from other investors. Led by Chad Rogers, CEO, TypeZero Technologies is developing the inControl Diabetes Intelligence Platform, which is a patented software solution designed to integrate a universe of medical devices, services, […]
STAND, a San Francisco, CA-based personal philanthropy social network, secured $2.25m in funding. The round was led by Resolute Ventures with participation from Jack Dorsey, Twitter/Square; Greylock Discovery (Josh Elman); Fresco Capital (Tytus Michalski and Stephen Forte); Meng Tan, Google; Doug Bowman, former Creative Director at Twitter; Avi Hager, The Regah Group, and Bob Lee, […]
Brazen, an Arlington, Virginia-based engagement platform that connects organizations with their stakeholders, raised $4.7m in funding. The round was led by Osage Venture Partners with participation from Randstad Innovation Fund, Militello Capital and Kegonsa Capital Partners. The company has raised more than $10m in total. Led by CEO Ed Barrientos, Brazen provides a platform that […]