VC Deals that closed plus your input on Light & Google Ventuers


TOPIC OF THE DAY: Did Light pick the best investors for its C round?

Quote of the Day: “Google Ventures has a direct financial incentive to ensure the companies we invest in succeed.” –  Bill Maris

Investment: $30 million in Series C funding. Google Ventures led the round, and was joined by Foxconn, Paul Jacobs and return backers Bessemer Venture Partners, CRV, Eclipse Ventures and StepStone Group.

About Light via YouTube: https://youtu.be/cW3rx7jiX8E

JD’s Raw Brain Dump: I have seen Motorola, McKesson Corporation, and many other 800 pound gorillas kill many good companies with their term sheets for the intellectual property! Did Light ( www.Light.co ) pick the best investors?  I think Google could be an amazing investor as possible buyer of the technology or it could be future IP play for Google (i.e. the devil is in the details of the term sheet).

And now for VC Deals that closed!

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

Airwallex, a cross-border transactions startup with offices in China and Australia, has raised $3 million in seed funding. Gobi Partners led the round, and was joined by Huashan Capital One and Billy Tam (CEO of Easylink Payments).

BevSpot, a Boston-based beverage management software platform for the hospitality industry, has raised $11 million in Series B funding led by Bain Capital Ventures.

Black Swan Data, a London-based provider of data integration and classification services, has raised GBP 6.2 million in Series B funding. Albion Ventures led the round, and was joined by Blackstone Group and Mitsui & Co.

CoolaData, an Israeli provider of a cloud-based behavioral analytics platform for business intelligence, has raised $5.6 million in VC funding from Salesforce Ventures, TEEC Angel Fund and the existing investors in CoolaData’s Series A, 83North and Carmel Ventures. www.cooladata.com

Drupe, an Israel-based mobile interface overlay, has raised $3 million in new VC funding from Canaan Partners Israel and Sweet Capital. www.getdrupe.com

EarnUp, a San Francisco-based platform for automating loan payments, has raised $3 million in seed funding. Backers include Blumberg Capital, Kapor Capital, Camp One Ventures and Fenway Summer Ventures. www.earnup.com

Light, a Palo Alto, Calif.-based maker of a multi-aperture co mputational camera, has raised $30 million in Series C funding. Google Ventures led the round, and was joined by Foxconn, Paul Jacobs and return backers Bessemer Venture Partners, CRV, Eclipse Ventures and StepStone Group. www.light.co

Google Ventures

Riffyn, an Oakland-based provider of cloud-based research process design software, has raised an undisclosed amount of VC funding from Siemens Venture Capital. The company has now raised a total of $4.6 million, including earlier investments from Bioeconomy Capital and OATV. www.riffyn.com

Service Partners One, a Berlin-based digital office management company, has raised $10 million in Series A funding. EQT Ventures led the round, and was joined by Target Global, Vito Ventures, Rheingau Founders, Ringier Digital Ventures and Earlybird Venture Capital. www.servicepartnerone.com

SmartNews, a Japan-based mobile news aggregation app, has raised $38 million in Series D funding. Development Bank of Japan led the round, and was joined by SMBC Venture Capital and Japan Co-Invest. TechCrunch reports that the deal values SmartNews at between $500 million and $600 million (post-money), compared to its prior valuation of $320 million.

Syntax, a Montreal-based provider of cloud and other enterprise tech solutions to North American businesses, has raised an undisclosed amount of equity funding from Novacapwww.syntax.com

Vyclone, a Los Angeles-based social video creation and collaboration app, is shutting down. The company had raised $2.7 million in Series A funding in 2012 at a $14.3 million pre-money valuation, from A-Grade Investments, Live Nation Entertainment, Thrive Capital and DreamWorks Animation SKG.

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

Happy Investing and Networking,

ESPN 1700 JD Morris

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

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KEY WORDS: Airwallex,  Gobi Partners,   Huashan Capital One, BevSpot, Bain Capital Ventures, Black Swan Data, Albion Ventures, Blackstone Group, CoolaData, , Salesforce Ventures, TEEC Angel Fund, 83North, Carmel Ventures, Drupe, Canaan Partners Israel, Sweet Capital, EarnUp, Blumberg Capital, Kapor Capital, Camp One Ventures, Fenway Summer Ventures,  Google Ventures, Foxconn, Paul Jacobs, Bessemer Venture Partners, CRV, Eclipse Ventures, StepStone Group, Riffyn, Siemens Venture Capital, Bioeconomy Capital, OATV, Service Partners One, EQT Ventures, Target Global, Vito Ventures, Rheingau Founders, Ringier Digital Ventures, Earlybird Venture Capital, SmartNews,  SMBC Venture Capital, Syntax, Novacap, Vyclone, A-Grade Investments, Live Nation Entertainment, Thrive Capital, DreamWorks Animation SKG

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Author: JD Morris

Learn more about JD Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

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