VC IN Pipeline 20180924


Investor Network did not focus on cannabis, but it looks like some will have a big payoff.

INVESTOR NETWORK FOCUS VENTURE CAPITAL

  • DataGrail, a San Mateo, CA-based personal data privacy startup, raised a $4M Series A round of funding

  • Groundfloor, an Atlanta, GA-based direct real estate investment platform open to all investors and real estate entrepreneurs, raised an additional $4.2m in an online public offering

  • Alydia Health, a developer of a technology device for treating Postpartum hemorrhage, closed an initial $10m in Series B financing

  • Cortera, a Boca Raton, Fla.-based provider of business information, analytics and workflow solutions, raised $10m in Series B funding

  • MJ Freeway, a Denver, CO-based cannabis technology company, completed its $10m Series C financing

  • Providence Medical Technology, Inc., a Pleasanton, CA-based innovator in tissue-sparing surgical equipment and implants for cervical spine fusion surgery, closed a $25m in equity financing

  • WalkMe, a San Francisco, CA-based digital adoption platform provider, raised $40m in Series F financing

  • Silverback Therapeutics, Inc., a Seattle, WA-based biotechnology company developing a pipeline of systemically delivered, locally active therapies, closed an extension of its Series A financing

  • GitLab, a San Francisco, CA-based provider of a single application for the entire DevOps lifecycle, completed a $100m Series D funding

  • EasyKnock, a NYC-based institutionalized residential sale-leaseback platform, closed a $3.5m seed financing in addition to new debt financing of $100m

  • Proterra, a Burlingame, Calif.–based heavy duty electric transportation company focused on the North American mass transit market, closed a $155m funding round

  • Finova Financial, a West Palm Beach, FL-based digital financial services provider focused on the future of global financial services, received a strategic investment of undisclosed amount from Polymath

  • MobilityWorks, a Richfield, OH-based provider of wheelchair accessible vehicles, received an equity investment from Flexpoint Ford

  • Anchor Partners, Dallas, Texas-based parent company to a family of companies providing customized metal manufacturing solutions serving the construction, defense, and transportation end markets, received an investment from SunTxCapital Partners

  • Paradigm Outcomes, a Walnut Creek, CA-based company managing catastrophic and complex cases for the workers’ compensation industry, received a majority investment from Omers Private Equity

  • MariaDB Corporation, the Menlo Park, Calif.-and Espoo, Finland-based company behind MariaDB, the Open Source database, received an investment from ServiceNow Ventures

  • Team Software, an Omaha, Neb.-based provider of cloud technology solutions for contractors in the janitorial and security industries received a strategic investment from Accel-KKR

  • MariaDB Corporation, the Menlo Park, Calif.-and Espoo, Finland-based company behind MariaDB, the Open Source database, acquired Clustrix, a San Francisco, CA-based developer of distributed database technology, for an undisclosed amount.
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New Funds 20180920 IN Pipeline


I have had the pleasure of working with some of the best know and some of the unknown private equity and venture capital firms.  Both have amazing partners that will help you grow your business and its value.  If you want to get into the game, let me tell you about blank check funds.

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

NEW FUND 09-20-2018 IN PIPELINE

  • Building Ventures, an early-stage investor committed to innovation in the built world, has launched officially
  • Amplify Partners, a Menlo Park, CA-based early-stage venture capital firm that invests in radically technical founders solving technical problems for the enterprise, closed its third fund, at $200m
  • Investment management firm Hillhouse Capital closed Hillhouse Fund IV, L.P., with aggregate commitments of US$10.6 billion
  • SaaS Capital, a Cincinnati and Seattle-based provider of committed credit facilities to Software-as-a-Service (SaaS) companies, closed its third fund, with $75m in limited partner commitments
  • Aflac Incorporated (NYSE :AFL) is increasing its original investment in the Aflac Ventures Fund from $100m over three years to $250 million over three to four years, as opportunities emerge

VC 20180919 IN Pipleine


Happy to see several Los Angeles based companies raising money.  If you are thinking of starting a company in Los Angeles, let me introduce you to one of the best entrepreneur lawyer in town (does 20-40 term sheet a year for early-stage companies).

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

VENTURE CAPITAL 09-18-2018 IN PIPELINE

  • Public Goods, a NYC-based a direct-to-consumer brand selling basic necessities, raised $3m in seed funding

  • Empower, a San Francisco, CA-based financial technology company, raised $4.5m in funding

  • Illumix, a Menlo Park, CA-based integrated gaming and technology company combining mixed reality with environmentally-intelligent, world-scale augmented reality (AR) games, emerged from stealth mode and raised $8.6m in seed funding

  • The/Studio, a Los Angeles, CA-based on-demand, custom manufacturing platform for product development, raised $11M in Series A funding

  • ioTium, a Santa Clara, Calif.-based Software-Defined Converged Infrastructure company for the IIoT, raised $13.6m in Series B financing

  • Immune-Onc Therapeutics, Inc., a Palo Alto, Calif.-based cancer immunotherapy company dedicated to the discovery and development of novel biologic treatments, raised more than $33m in Series B funding

  • Ooda Health, a San Francisco, CA- and Salt Lake City, UT-based company focused on removing waste and inefficiency from healthcare administration, completed a $40.5m Series A funding round

  • Zumper, a San Francisco, CA-based residential rental startup, raised $46m in Series C funding

  • Trumid, a NYC-based financial technology company and electronic trading platform for corporate bonds, received a US$53m growth capital investment

  • Bread, a NYC-based marketing technology company that builds customizable financing solutions for brands and retailers, completed a $60m round of equity financing

  • Enigma, a NYC-based Data-as-a-Service company, raised $95m in financing

  • Postmates, a San Francisco, CA-based on-demand delivery company, raised $300m in funding

  • Jamf, a Minneapolis-based Apple device management company, acquired NoMAD, a provider of an open source and commercial set of software products that streamline Mac authentication and account management

MORE ON THE/STUDIO

The Studio, a startup that’s setting out to help merchants and product developers manufacture their own customized goods, has raised $11 million in a series A round of funding led by Ignition Partners, with participation from FJ Labs, VTF, WTI, Firebolt Ventures, and Interplay Ventures.

Founded in 2013, The Studio — which stylizes its name as The/Studio — targets anyone from individual creatives to boutiques and enterprises looking to design and produce their own custom products. Though it could be used for a single item, which many of its customers do for prototyping purposes, that can be more expensive. According to the company, the sweet spot for production is around 100 items, at which point the price is low enough for the customer to make a meaningful profit.

More via VentureBeat:  https://venturebeat.com/2018/09/19/the-studio-raises-11-million-to-grow-its-on-demand-product-manufacturing-platform/

Java Printing
The/Studio

VC 20180917 IN Pipeline with focus on VC deals


We have some of the most amazing Telecom advisors in our Senior Executive Advisors that done VC to IPO deals with a few amazing exits.  Contact JD Morris to learn more!

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.

VENTURE CAPITAL 09-17-2018 IN PIPELINE

  • HyperSat, a developer of hyperspectral imaging satellites, secured an initial $85m investment
  • ZenLedger, a Seattle-based provider of tax software for cryptocurrency investors and their accountants, raised $1.5m in funding
  • Jones, a New York City-based commercial insurance startup, raised $2.8m in seed funding
  • Scythe, Inc., an Arlington, Va.-based provider of an attack simulation platform, raised $3m in initial funding
  • Emplify, a Fishers, Indiana-based employee engagement measurement company, raised $7.5m in growth funding
  • Coda Biotherapeutics, Inc., a South San Francisco, a Calif.-based preclinical-stage biopharmaceutical company developing a chemogenetic gene therapy platform for the treatment of intractable diseases, raised $19m in Series A financing
  • Miach Orthopaedics, Inc., a Boston, Massachusetts-based company dedicated to developing bio-engineered surgical implants for connective tissue repair, raised $22.5m in Series A financing
  • Atreca, Inc., a Redwood City, Calif.-based biotechnology company focused on developing novel therapeutics based on a deep understanding of the human immune response, closed a $125m Series C financing.
  • Lucid Motors, a Newark, CA-based electric vehicle maker, received a US$1bn+ investment agreement with the Public Investment Fund of Saudi Arabia.
  • Dispatch, a Boston, MA-based customer-centric service logistics company, received a strategic investment of undisclosed amount
  • Passageways, a Lafayette, Indiana-based provider of secure collaboration software for employees and board of directors, closed a strategic growth investment from Five Elms Capital

DEAL OF THE DAY:  HyperSat, a developer of hyperspectral imaging satellites, secured an initial $85m investment.

The equity round was led by Incentrum Group.  The company will use the funds for the development and launch of its commercial constellation of high-resolution hyperspectral imaging satellites.

Led by Derek Woods, Founder and CEO, HyperSat will be finalizing the procurement of two Low-Earth orbit satellites capable of imaging 200+ spectral bands with a sub-10 meter ground sample distance.  These first satellites will form the foundation of what is expected to be an initial fleet of six hyperspectral remote sensing satellites.
The two first satellites are expected to be on orbit in 2020. Read More:  http://www.finsmes.com/2018/09/hypersat-secures-initial-85m-equity-investment.html

20180913 IN Pipeline with Venture Captial Focus


I am happy to see a biotech San Diego based company raise $4 million!  On a more positive note, our Senior Executive Advisors are all around the country and world with wide access to capital. #seaprogram #jdmorris

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.

IN PIPELINE 09-13-2018 VENTURE CAPITAL

  • Prominex, Inc., a San Diego, CA-based molecular diagnostic company focused on point-of-care infectious disease testing, completed its $4m Series A-1 financing
  • Avvay, a Franklin, Tenn.-based platform for content creators to find and book locations for their projects and events, raised $1m in seed funding
  • Prokaryotics, Inc., a Union, N.J.-based biopharmaceutical company engaged in the discovery and development of novel anti-infective drugs, has been awarded its second Small Business Innovation Research Grant (SBIR) valued at up to $2.3m
  • Bloom Credit, a NYC-based financial wellness platform for consumers and lenders to build a sound credit relationship, raised $3.87m in seed funding
  • Domicile, a Seattle, WA-based developer of technology-driven business accommodation platform, raised $5m in seed funding
  • Hiretual, a Mountain View, CA-based AI-driven HR technology company, raised $5M in Series A funding
  • Growers Holdings, Inc., a Seattle, Washington and Raleigh, N.C.-based agtech startup, raised $5M in Series A financing
  • RenalGuard Solutions, a Milford, MA-based medical device company focused on innovative technologies for the cardiac and vascular markets, completion of a $7m financing
  • Seed CX, a Chicago, IL-based licensed cryptocurrency exchange that offers institutional trading and settlement for both spot market and CFTC-regulated derivatives, raised $15m in Series B funding
  • HYP3R, a San Francisco, CA-based location-based marketing company, raised $17m in Series A financing
  • Datrium, a Sunnyvale, CA-based provider of a server flash storage system, raised $60m in Series D funding
  • Shift Technologies, a San Francisco-based platform to buy and sell used cars, raised more than $140 million in Series D equity and debt financing
  • Irrimax, an Atlanta, GA-based medical device company, received an investment from Decathlon Capital Partners
  • Basic Fun!, a Boca Raton, Florida-based toy and novelties company, received an equity investment from Falcon Investment Advisors, a Boston-based investment fund
  • Technori, a Chicago, IL-based active startup platform, received a seven-figure investment from DV Partners, led by SMS Assist Founder and Chairman Mike Rothman
  • OneOncology, a Nashville, Tenn.-based partnership of independent community oncology practices and finance and technology experts, received an investment from General Atlantic
  • GTY Technology Holdings is to buy CityBase, Inc., a Chicago, IL-based provider of a tech platform for people and businesses to interact with utilities and government agencies, for $160m in cash and stock

PRESS RELEASE POMINEX INC

SAN DIEGO–(BUSINESS WIRE)–Prominex, Inc., a molecular diagnostic company focused on point-of-care infectious disease testing, today announces the completion of its Series A-1 financing, raising $4 million from Casdin Capital LLC and its founding CEO. The Series A-1 financing will provide funding to advance the development of its infectious disease assays and commence an instrument development partnership with Invetech, a global leader in point-of-care instrument design and development.

Prominex’s Founder and CEO Paul Thomas commented, “Our Validex System delivers a 5-minute sample-to-answer molecular test result that will enable a broad spectrum of point-of-care testing from simple screening to more complex syndromic panel assays. We believe our Validex System holds significant promise to improve patient care and outcomes in time-critical clinical situations and to realize significant cost savings by optimized patient management and triage of patients to the most appropriate care setting.”

About Prominex

Prominex was founded in 2016 with a primary focus on the development of molecular diagnostic assays for point-of-care infectious disease testing. The novel molecular amplification and waveguide detection technologies incorporated into our Validex System enables the development of ultrafast, accurate, easy-to-use, highly multiplexed, and low-cost molecular diagnostic assays. For more information, visit www.Prominex.com.

dinostics

 

 

 

20180912 IN Pipeline – Venture Capital


cloud-computing-jokes-01

Why a disclaimer on a beta blog?  Because we get our information for others and even the companies website might have the wrong information.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.

IN PIPELINE VENTURE CAPITAL FOCUS 09-08-2018

  • Epic Sciences, a San Diego, CA-based developer of blood tests that predict therapeutic benefit for cancer patients, completed a $52m Series E financing.
  • Wasabi, a Boston, MA–based hot cloud storage company, closed its $68m Series B financing round.
  • Sisense, a NYC-based provider of a business analytics platform for complex data, closed an $80m funding round.
  • Interana, a Redwood City, CA-based event data platform, raised funding from M12, Microsoft’s venture fund.
  • Burlywood, a Longmont, Colo.-based innovator of flash-based storage for cloud data centers, completed a $10.6m Series A funding.
  • Pendo, a Raleigh, N.C.-based creator of a product cloud for digital products and data-driven product teams, raised $50m in venture capital funding.
  • Q4 Inc., a provider of cloud-based investor relations and capital market solutions, closed a USD$38m Series C financing round.

BOTTOMLINE

New Clound based companies are alive in well with the model of a strong management team that did it before!

Wasabi, a Boston, MA–based hot cloud storage company, closed its $68m Series B financing round.

Backers included Forestay Capital, the tech fund of Swiss entrepreneur, Ernesto Bertarelli, industry veterans, and family offices.

The company intends to use the funds to expand internationally and to continue to invest in the brand.

Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a hot cloud storage company delivering low-cost, fast, and reliable cloud storage.
The company will open its first European data center later this year. Their second data center, located near Portland, OR, is already supporting customers from Asia. In the past six months alone, they introduced a cloud storage offering with unlimited free egress, introduced Wasabi Direct Connect, a high-speed, dedicated private connection directly to Wasabi, and benchmarked an ecosystem of over 100 partners currently integrating their solutions through its open API.
The company has acquired more than 3,000 customers across a wide range of industries including Media and Entertainment, Healthcare/Genomics research, Video Surveillance and Education, which have massive file storage and rapid data retrieval requirements.

Venture Capital – IN Pipeline


Will we see dinasors turn high tech ( like Vacation By Owner (VROB) I used in 1990s ) or will the new ventures rule ( aka everyone knows airbnb ) as venture capital looks to create old business with new technology?

old and improved

Let our Senior Executive Advisors that know companies like Edison Venture from fund one or recent deal with Blume Ventures fast track your deal. #seaprogram #jdmorris

IN PIPELINE VENTURE CAPITAL 09-080-2018

• Alaia Capital, a Darien, Conn.-based financial services firm, raised $5.5 million in funding. Centana Growth Partners led the round, and was joined by investors including ThirdStream Partners LLC.

• Groq, a Palo Alto, Calif.-based semiconductor startup, raised $52.3 million in funding. The target is $60 million. Groq’s previous backers include Social Capital.

• Uberall Inc, a Berlin-based provider of location marketing solutions for businesses, raised $25 million in Series B funding. HPE Growth Capital led the round, and was joined by investors including Project A and United Internet.

• Blue Medora, a Grand Rapids, Michigan-based provider of IT monitoring integration solutions, raised $10 million in funding. Edison Partners led the round.

• TripCreator, an Iceland-based provider of trip-planning solutions, raised $8 million in funding. The investors were not named.

• MarketDial, a Utah-based cloud-based software company that offers retail companies the ability to create and analyze A/B tests, has raised $7.5 million in Series A funding. Crosslink Capital led the round.

• TAPPP, a New York-based pre-paid platform enabling access to premium live sports content, has secured $5 million in Series A funding. leAD Sports/OurCrowd’s ADvantage Fund, and was joined by investors including Accomplice, Elysian Park, Go4it, Courtside VC and Sterling.VC.

• Silvernest, a Boulder, Colo.-based home sharing platform operator, raised $3 million in Series A funding. Incenter led the round.

• Vapor IO, an Austin, Texas-based developer of hardware and software solutions for edge computing, raised Series C funding of an undisclosed amount. Berkshire Partners led the round, and was joined by investors including Crown Castle.

• Miss Fresh, a China-based e-commerce startup that delivers fresh produce in 20 Chinese cities, raised $450 million in funding. Investors include Goldman Sachs and Tencent Holdings Ltd,according to Reuters. Read more.

• GreyOrange, a Singapore-based maker of advanced robotics systems for automation in distribution and fulfillment centers, raised $140 million in Series C funding. Mithril Capital led the round, and was joined by investors including Blume Ventures.

• iQIYI Inc, a China-based provider of online entertainment services, raised RMB 850 million (about $124 million) in Series A funding. Investors include China Sports Capital, a joint venture between CMC Capital Partners and Sequoia CapitalYao CapitalIDG Capital, and Hui Ying Bo Run.

• Monese, a U.K.-based online banking platform, raised $60 million in Series B funding. Kinnevikled the round, and was joined by investors including PayPal, Augmentum Fintech and Investec’s INVC Fund.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a  beta blog.ces. No financial terms were disclosed.