Deals that Close – VC – 9/9/2015


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Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

• Didi Kuaidi, the Chinese rival to Uber, confirmed that it has raised $3 billion in new funding. China Investment Corp, Capital International Private Equity Fund, Ping An Ventures were joined by return backers Alibaba Group, Tencent Holdings, Temasek and Coatue Management

• AveXis Inc., a Dallas-based developer of gene therapies for patients with severe genetic and orphan diseases like spinal muscular atrophy, has raised $65 million in Series D funding. T. Rowe Price Associates led the round, and was joined by Janus Capital Management LLC, Adage Capital Management, L.P., RA Capital Management, QVT Financial, Rock Springs Capital Management, Foresite Capital Management, RTW Investments, Boxer Capital and return backers Deerfield Management, Roche Venture Fund and Venrock. www.avexisbio.com

• Chef, a Seattle-based provider of DevOps automation solutions, has raised $40 million in Series E funding. DFJ Growth led the round, and was joined by Millennium Technology Value Partners, Hewlett Packard Ventures and return backers Battery Ventures, Citi Ventures, DFJ, Ignition Partners and Scale Venture Partners. www.chef.io

• Proteostasis Therapeutics Inc., a Cambridge, Mass.-based developer of therapeutics to treat diseases caused by defects in protein processing, has raised $37 million in Series B funding. Cormorant Asset Management led the round, and was joined by Rock Springs Capital Management and return backers New Enterprise Associates, Elan Science One, HealthCare Ventures, Fidelity Biosciences, Novartis Bioventures, Novartis Venture Fund and Sanofi-Genzyme BioVentures. Leerink Partners served as placement agent. www.proteostasis.com

 The Black Tux, a Santa Monica, Calif.-based suit and tuxedo rental company, has raised $25 million in Series B funding. Stripes Group led the round, and was joined by return backers First Round Capital and Menlo Ventures.www.theblacktux.com

 Primus Power, a Hayward, Calif.-based developer of grid-scale energy-storage technology, has raised $25 million in Series D funding. I2BF Global Ventures led the round, and was joined by the Russia-Kazakhstan Nanotechnology Fund and return backers Anglo American Platinum, Chrysalix Energy Venture Capital and DBL Partners. www.primuspower.com

• Lesara, a Berlin-based online fashion and lifestyle retailer, has raised E15 million in new VC finding. Northzone led the round, and was joined by Vorwerk Ventures and return backer Mangrove Capital. Read more.

• Apperian Inc., a Boston-based provider of enterprise mobile application management solutions, has raised $12 million in new VC funding. First Floor Capital (Malaysia) led the round, and was joined by return backers Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, North Bridge Venture Partners, Intel Capital and CommonAngels. www.apperian.com

• GrubMarket, a San Francisco-based delivery service for locally-sourced organic foods, has raised just over $10 million in new VC funding, according to a regulatory filing. Fosun Group was joined by return backers like GGV Capital.www.grubmarket.com

• Lalamove, a China-based on-demand delivery van service, has raised $10 million in new VC funding. MIndWorks Ventures led the round, and was joined by AppWorks and Crystal Stream. Read more.

• MetaCommunications Inc., an Iowa City-based developer of software solutions for marketing and creative teams, has raised $8 million in growth equity funding led by Next Level Ventures. www.metacommunications.com

Crunchbase, a San Francisco-based provider of startup data, is in the process of raising upwards of $7 million to spin out from AOL, according to TechCrunch.Emergence Capital Partners is leading the deal, after which AOL would remain a “significant” investor. Read more.

• Electric Objects Inc., a New York-based maker of high-res digital art frames, has raised $5 million in new VC funding, according to a regulatory filing. Existing shareholders include Betaworks, RRE Ventures, First Round Capital, Red Sea Ventures and SV Angel. www.electricobjects.com

• Routehappy, a New York-based “product differentiation platform for air travel,” has raised $3 million in VC funding, according to a regulatory filing. Existing shareholders include Contour Venture Partners and Primary Venture Partners.www.routehappy.com

• Eden, a Mountain View, Calif.-based on-demand tech help service, has raised $2 million in new VC funding. Backers include SV Angel, Redpoint Ventures, Bessemer Venture Partners, Slow Ventures, Comcast Ventures, Index Ventures and Canvas Venture Fund. Read more.

• Dronomy, an Israeli drone technology startup, has raised $1.5 million in VC funding led by Battery Ventures. www.dronomy.com

• Fresco News, a New York-based network of citizen photojournalists, has raised $1.2 million in seed funding. Backers include 1517 Fund, Social Starts, Wavemaker Partners, Reese Schonfeld (co-founder, CNN), Laurel Touby (founder, Media Bistro), Ross Levinsohn (ex-Yahoo CEO), and Jonathan Miller (NewsCorp, AOL).www.fresconews.com

• Cool Planet, a Greenwood Village, Colo.-based developer of green fuel and biochar products, has raised an undisclosed amount of Series D funding from existing shareholders Northbridge Venture Partners and Yung’s Enterprise.www.coolplanet.com

• Groundwork BioAg Ltd., an Israel-based manufacturer of mycorrhizal inoculants for agriculture, has raised an undisclosed amount of Series B funding. Backers include ICV, Middleland Capital, SRK Management Co. and F&C Climate Opportunity Partners. www.groundworkbioag.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

JD Morris

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JD Morris

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Author: JD Morris

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