Cleo raises $27.5 mln from NEA, angel investors


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San Francisco-based Cleo, which helps provide a family support system for working parents, announced it raised a $27.5 million Series B round from New Enterprise Associates and angel investors that include former Yahoo CEO Marissa Mayer, LinkedIn CEO Jeff Weiner, Levi Strauss CEO Chip Bergh, Box CEO Aaron Levie and former GE CEO Jeff Immelt. The company, founded in 2016, has an all-women board that consists of the CEO Shannon Spanhake, Greylock Partners Partner Sarah Guo (who led the Series A) and NEA Partner Vanessa Larco (who led the Series B).

Source: NEA blog post

HoneyBook raises $28 mln led by Citi Ventures


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San Francisco-based HoneyBook, provider of a financial and business management platform for freelancers, announced it has raised $28 million in a Series C round of funding. Citi Ventures led the round with participation from all existing investors, including Norwest Venture Partners and Aleph. The company, founded in 2013, previously raised a $22 million Series B round.

Source: Company announcement

AI-powered recruiter Fetcher raises $5.4 mln led by Slow Ventures, Accomplice


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New York-base Fetcher, provider of a recruiting platform that uses AI and human expertise to find top talent, announced it has raised $5.4 million in an oversubscribed seed round led by Accomplice and Slow Ventures, with full participation by existing investors Picus and Revel Partners. The round also included individual investors Paul English (founder of Kayak), Amol Sarva (founder of Knotel) and James Joaquin (co-founder of Obvious Ventures).

Source: Company announcement

API company Transposit raises $12.2 mln led by Sutter Hill Ventures


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San Francisco-based Transposit, provider of an API composition platform that helps developers compose disparate APIs, announced it raised $12.2 million in a Series A round led by Sutter Hill Ventures. SignalFire and Unusual Ventures also participated in the round. Sutter Hill Managing Director Sam Pullara joined the company’s board when it raised $3.2 million in seed funding in 2017. The company, launched in 2016, was co-founded by Adam Leventhal and Tina Huanhas.

Source: Company announcement

Software testing provider Functionize raises $16 mln, led by Canvas


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San Jose, California-based Functionize, creator of a cloud-based software testing solution, announced it has raised a $16 million Series A round led by Canvas Ventures. The round included undisclosed investors. As part of the funding, Canvas General Partner Gary Little has joined the board.

Source: Company announcement

Jobcase raises $100 mln led by Providence Equity Partners


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Cambridge, Massachusetts-based Jobcase, which operates a platform for the blue-collar-oriented workforce, announced it raised $100 million in growth equity led by Providence Strategic Growth. The company last year closed an $11.5 million round led by Providence and has now raised about $118 million total. Jobcase was founded in 2015 by Frederick Goff, a onetime trader and hedge fund manager who previously was CEO of Percipio Capital Management.

Source: Press release

Gift sender Sendoso raises $10 mln led by Craft Ventures


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San Francisco-based Sendoso, which helps users send gifts, notes and perishables via direct mail, announced it has raised $10.7 million in Series A funding. The round was led by David Sack’s Craft Ventures and included participation from Signia Partners, Storm Ventures, Struck Capital and Hack VC. The company, founded in 2016, has now raised $13.2 million in total funding.

Source: Company announcement

Craft Ventures leads $3.5 mln seed funding in Dray Alliance


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Los Angeles-based Dray Alliance, a provider of on-demand drayage services for import and export shippers, announced it has raised $3.5 million in seed-stage funding. David Sacks’ Craft Ventures led the round. The company was founded in 2017.

PRESS RELEASE

Dray Alliance Raises $3.5 Million to Build Uber for Drayage Trucking Industry

Craft Ventures Sees Opportunity to Transform 100B Freight Industry

LOS ANGELES, Calif. (February 26, 2019) – Dray Alliance, the leading on-demand drayage solution for import/export shippers and enterprises, announced today it has closed $3.5M in Seed financing led by David Sacks’ Craft Ventures. Already partnered with large shippers such as Mattel, and one of the leading global shipping companies, CMA CGM Group – Dray Alliance’s mobile technology is generating hundreds of thousands in savings for shippers, ocean carriers and freight forwarders by connecting them with drayage truckers who deliver containers to destination warehouses.

“Drayage

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Tulip raises $18.4 mln


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Somerville, Massachusetts-based Tulip, a provider of a manufacturing app platform, announced it has raised an $18.4 million Series B round. Vertex Ventures US led the round, which was also backed by New Enterprise Associates and Pitango Ventures. As part of the funding, Sandeep Bhadra, a Vertex Ventures partner, will join the board. The company, founded in 2014, previously raised a $13 million Series A from NEA and Pitango.

Source: Tulip press release

Eniac leads $3 mln seed in construction tech company Briq


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Santa Barbara, California-based Briq, which provides a data platform for the construction industry, announced it has raised $3.025 million in seed-stage funding led by Eniac Ventures, with participation from MetaProp NYC. The company was founded in 2017 by CEO Bassem Hamdy and CFO Ron Goldshmidt.

Source: Company announcement

Marketing platform provider Sideqik raises $5 mln


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Atlanta-based Sideqik, provider of an influencer marketing and social engagement platform, announced it has raised $5 million in a Series A round. Jackson Square Ventures led the round with participation from Fuqua Capital, Tom Noonan (founder of Internet Security Systems and director for ICE/NYSE and Manhattan Associates), as well as from lead pre-seed investors Bee Partners and Bonfire Ventures. The company, founded in 2012, has now raised $6.5 million in total funding.

Source: Company announcement

Blood testing company Sight Diagnostics raises $27.8 mln


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Tel Aviv, Israel-based Sight Diagnostics, which operates an AI-powered blood testing company, announced it has raised $27.8 million in Series C funding led by Longliv Ventures, a member of the CK Hutchison Group. Other investors in the round include healthcare philanthropist Jack Nicklaus II; Steven Esrick, a healthcare impact investor; and an additional major medical equipment manufacturer. Also joining the company’s Series C funding are existing investors OurCrowd, Go Capital and New Alliance Capital. The company, founded in 2011, has now raised $52.8 million in total financing.

Source: Company announcement

 

Mode raises $23 mln led by Valor Equity Partners


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San Francisco-based Mode, provider of a collaborative data science platform, announced that it has raised $23 million in a Series C round led by Valor Equity Partners. Foundation Capital and REV Venture Partners, which led the company’s Series A and B financing rounds, also participated in the latest funding. Jake Klamka, founder and CEO of Insight Data Science, and Tribe Capital also participated. The company, founded in 2013, has now raised $50 million in total capital. David Obrand, a partner at Valor, has joined the company’s board.

Source: Company announcement

Investors pour $310 mln into electric scooter maker Lime at $2.4 bln valuation


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San Mateo, California-based Lime, the fast-growing provider of electric scooters and bikes for short-term rentals, announced it has raised $310 million in Series D financing at a $2.4 billion valuation. A group of returning backers and new investors, Andreessen Horowitz, Bain Capital Ventures, Fidelity Investments, GV and IVP, led the round. Existing investors Alphabet, Coatue Management, Fifth Wall Ventures, DCM Ventures, GGV Capital, Singapore’s GIC and others also joined the round with several new investors, including GSV Capital, FJ Labs, Bling Capital, Europe’s GR Capital, St. Augustine Partners and Hanwha Group in Korea. The company said it will use the funding for expansion in new markets, technology enhancements and investments in rider safety and city collaboration.

Source: Blog post from Lime CEO and Co-Founder Toby Sun.

Correction: The above headline and summary were corrected to

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AllegisCyber and NightDragon lead $44 mln funding in vArmour


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Mountain View, California-based vArmour, provider of API-driven cloud security, today announced it has raised $44 million in Series E funding. AllegisCyber and NightDragon led the round, with participation from existing investors. The company has now raised $127 million in total capital since it was founded in 2011.

PRESS RELEASE

vArmour Raises $44M Amid Rising Popularity for Solutions Securing Cloud Computing, Hybrid Deployments and Other Transformative Computing Models

AllegisCyber and NightDragon Lead Round, Validating Company’s ‘Conform’ Approach for Hybrid Cloud

February 6, 2019 — Mountain View, Calif. — vArmour, the API-driven cloud security company, today announced it has raised $44M in Series E funding, led by AllegisCyber and NightDragon, with participation from existing investors. With the worldwide public cloud services market projected to grow 17.3 percent in 2019 (to total $206.2 billion), the new investments recognize the urgent need for security solutions that protect data and applications that

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Lerer Hippeau leads seed funding in personal care company by Humankind


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New York-based by Humankind, maker of responsible alternatives to personal care products, emerged from stealth and announced it has raised $4 million in seed funding led by Lerer Hippeau. Other investors include Red Sea Ventures, BoxGroup, SV Angel, Great Oaks, SoulCycle Co-Founder Elizabeth Cutler, and Adobe CPO Scott Belsky, among others.  The company was founded last year by Brian Bushell and Joshua Goodman.

Source: Company announcement

Insurtech company Avinew raises $5 mln in seed


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Westlake Village, California-based Avinew, an Insurtech company focused on autonomous and semi-autonomous vehicles, announced it has raised $5 million in seed funding. Crosscut Ventures led the round, with additional participation from American Family Ventures, Draper Frontier and RPM Ventures. The company was founded in 2016. In addition, Tesla veteran Jeremy Snyder has joined the company as COO.

Source: Press release

API protection company Salt Security raises $10 mln


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Palo Alto, California-based Salt Security, which provides API threat protection services, announced it has raised $10 million in funding. The round includes investments from Israel-based S Capital, which is comprised of Sequoia Capital Israel founders. Other investors include Kevin Mahaffey, co-founder of Lookout and expert at Y Combinator, and Marius Nacht, chairman and co-founder of Check Point Software. S Capital Founding Partner Haim Sadger has joined the board.

Source: Press release

Madison Reed secures $51 mln in growth funding


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San Francisco hair color beauty company Madison Reed announced it has raised $51 million in Series D growth capital led by existing investors Norwest Venture Partners and True Partners. Also participating in the round was Comcast Ventures and new investor Meaningful Partners. The company, founded in 2013, previously raised about $70 million. The latest round will be used for online and brick-and-mortar expansion and coincides with the hiring of Brian Bouma as the company’s first COO and Carrie Kalinowski as CFO.

Source: Press release

Recharge announced strategic investment from Fifth Wall


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San Francisco-based Recharge, which allows users to rent hotel rooms by the minute in certain cities, said Fifth Wall Ventures has made an undisclosed investment in the company and become a strategic investor. As a result, Fifth Wall Co-Founder and Managing Partner Brad Greiwe has joined the company board. News of the strategic investment comes as the company announces Recharge Homes, the ability to book short-term spaces to recharge in private homes as well as hotels in San Francisco, New York and Los Angeles.

PRESS RELEASE

Recharge Launches Homes Alongside Strategic Investment from Fifth Wall

Here’s the truth about space: it’s used inefficiently. For long periods of time—minutes, hours, or even days—our cars sit idle, our apartments empty, our conference rooms perfectly quiet. There’s an entire vacant world out there, its value waiting to be unlocked with the right demand.

We think about this reality all the time at

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