Threads snags $20 mln Series A

London-based Threads, a luxury retailer that serves the millennial and Generation Z market, has secured $20 million in Series A funding. The investors were C Ventures and Highland Europe. PRESS RELEASE London, 17 August 2018 Threads, a chat commerce business that helps millennials find the right luxury outfit and accessories through social media and messaging, has raised $20m in series A from C Ventures, Moda Operandi’s lead investor, and Highland Europe, one of matchesfashion.com’s biggest investors. Threads (@threadsstyling) is changing the luxury retail landscape by giving consumers a personal shopper in their pocket. The company uses WhatsApp, Instagram, Snapchat and WeChat to help customers find the best luxury items for every occasion, wherever they are in the world. Since day one Threads has focused on high net worth millennial shoppers, since these were being ignored by conventional luxury shopping channels. London-based Threads is evolving luxury retailing in a
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DoorDash raises $250 mln more at $4 bln valuation

San Francisco-based DoorDash, which operates an on-demand restaurant delivery service, announced that it raised $250 million in a growth round co-led by Coatue Management and DST Global. The company, founded in 2013, has now raised about $1 billion in funding. DoorDash said in a blog post that it’s been a breakout year for the, with 250 percent year-over-year growth and a near doubling of its footprint since January to more than 1,000 cities in the United States and Canada. Source: Press release

Progressa raises $84 mln in debt, equity in advance of IPO

Vancouver-based financial technology company Progressa said it closed a debt and equity financing of C$84 million. Canaccord Genuity and Gravitas Securities led the equity funding. They were joined by a syndicate that included Eight Capital and Paradigm Capital. The investment facilitates a loan purchasing program of up to C$72 million with Cypress Hills Partners, a Canadian merchant banking firm. Progressa said it expects the private round to be its last, as the company has begun preparing for an initial public offering next year. Founded in 2013 and led by CEO Ali Pourdad, Progressa is an alternative lender focused on helping consumers resolve overdue bills and other outstanding debts. PRESS RELEASE TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) — Progressa, a Vancouver and Toronto based financial technology company, announced today it has successfully closed an $84 million equity and loan funding round. The equity financing was co-led by Canaccord Genuity Corp.
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Carbyne fetches $15 mln Series B

Tel Aviv and New York-based Carbyne, a provider of public safety solutions, has secured $15 million in Series B financing. Elsted Capital Partners led the round with participation from Founders Fund. Source: Press Release

SFOX attracts $22.7 mln Serise A

SFOX, a cryptocurrency prime dealer for high-volume traders and institutional investors, has raised $22.7 million in Series A funding. Tribe Capital and Social Capital led the round with participation from Y Combinator, Khosla Ventures, DHVC, Blockchain Capital, Upside Partnership, SV Angel, DCG, Mark Britto and Airbnb co-founder Nathan Blecharczyk. Source: Press Release

Arcadia Power lands $25 mln Series B

Arcadia Power, a developer of a digital utility, has raised $25 million in Series B funding. G2VP led the round with participation from other investors that included ValueAct Spring Fund, McKnight Foundation, Energy Impact Partners, Cendana Capital, Wonder Ventures and BoxGroup. Source: Press Release

Datatrak International nabs $8 mln

Cleveland, Ohio and College Station, Texas-based Datatrak International Inc, a provider and of cloud-based technologies for the life sciences industry, has secured $8 million in funding. The investor was TabaFund. Source: Press Release

Cargomatic scores $35 mln Series B

Long Beach, California-based Cargomatic Inc, a tech platform that connects shippers and carriers, has raised $35 million in Series B financing. Warburg Pincus led the round with participation from Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises. Source: Press Release

Fitness company Freeletics announces investors

Munich, Germany-based Freeletics, which provides a personal workout plan and a fitness app, announced it has raised capital with FitLab and New Evolution Ventures. Other investors include Causeway Media Partners, JAZZ Venture Partners, Courtside Ventures, Elysian Park Ventures and ward.ventures. The amount of the funding was undisclosed. Mark Wan from Causeway and John Spinale from JAZZ will join the board. The company was founded in 2013. Source: Company announcement

Healthcare company myLAB Box raises $1.56 mln in seed

Los Angeles-based myLAB Box, provider of an at-home STD testing service, announced it has raised $1.56 million in seed funding. K5 Ventures and Texas HALO Fund led the round, with participation from Morgan Stanley, Pasadena Angels, Pipeline Angels and Sand Hill Angels. The company, founded in 2013, has now raised $2.1 million in funding. Source: Press release

Wireless internet provider Common Networks raises $25 mln

San Francisco-based Common Networks, a provider of affordable enterprise-grade internet service, announced it has raised $25 million in Series B funding. General Catalyst led the round, which included existing investors Eclipse Ventures and Lux Capital. As part of the latest round, General Catalyst Managing Director Hemant Taneja has joined the board. The company, founded in 2016, has now raised more than $34 million in funding. Source: Company release

Sendo raises $51 mln

Sen Do Technology JSC said Aug 16 that it raised $51 million in a B round led by SBI Group. SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures are investing. Existing investors also participated including FPT Group, eContext Asia, BEENEXT, and BEENOS. Sendo, of Ho Chi Minh City, Vietnam, provides a consumer-to-consumer portal. PRESS RELEASE HO CHI MINH CITY, Vietnam, Aug. 16, 2018 /PRNewswire/ — Sen Do Technology JSC (Sendo), the #1 Vietnamese C2C marketplace, today announced that it has secured an investment of USD 51 millionled by the SBI Group from Japan for Series B round, having SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors. The funding round from investors in Japan, Korea, and Taiwan was participated by all the existing investors, including SBI Group, FPT Group, eContext Asia, BEENEXT, and BEENOS.
Nguyen Dac Viet Dung, Executive Chairman and Co-Founder of Sendo, said: “The funding would help the company to
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Deposit Solutions raises $100 mln

Deposit Solutions, of Hamburg, has raised $100 million in a round led by Vitruvian Partners. Kinnevik also invested as well as existing shareholders including e.ventures. The round valued Deposit Solutions, which provides a platform for savings deposits, at $500 million. PRESS RELEASE HAMBURG, Germany, August 16, 2018 /PRNewswire/ —
• Vitruvian Partners, Kinnevik and existing shareholders invest USD 100m at a valuation of USD 500m
• Additional funding cements Deposit Solutions’ position as the leading international platform for savings deposits
• Investment follows another period of record performance for Deposit Solutions having successfully scaled its core B2B bank partnerships and transmitted more than EUR 9 billion in its B2C business alone
Deposit Solutions, the Open Banking pioneer and leading international platform for savings deposits, announced the closing of a new funding round today. The round was led by private equity firm Vitruvian Partners. Vitruvian was joined by Kinnevik and existing shareholders including Deposit Solutions’ first
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Clobotics adds $11 million from Nantian Infotech VC and Wangsu Company to Series A

Clobotics said it added $11 million to its Series A round, pushing the financing to a total of $21 million. New investors include Nantian Infotech VC and Wangsu Company. Earlier investors are KTB Network, GGV Capital and the Capital Development Investment Fund Management. A press release follows:   Fast-Growing Computer Vision Startup Clobotics Closes Additional $11 Million in Series A Funding Rapid Customer Adoption Propels Continuation of Series A Financing, Now Totaling More than $21 Million Seattle and Shanghai, August 15, 2018 – Clobotics, a global leader in intelligent computer vision solutions for the wind power and retail industries, today announced that it has closed an additional $11 million (USD) in funding in a continuation of its Series A round of financing. Venture capital raised in this round now totals $21 million (USD). New investors include Nantian Infotech VC and Wangsu Company, joining previous investments from KTB Network, GGV Capital
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