ProducePay inks $14 mln Series B

Los Angeles-based ProducePay, which provides fresh produce farmers with financial resources, tech tools and data insights, has secured $14 million in Series B funding. Anterra Capital led the round with participation from Rabo Frontier Ventures, Coventure, Social Leverage, FJ Labs, Greenhouse Capital, Moonshots Capital and Tribeca Angels. Source: Press Release

Warburg leads funding round for Capillary Technologies

Capillary Technologies said Oct. 18 that it raised a round of funding led by Warburg Pincus. Financial terms weren’t announced. Capillary, of Shanghai, provides AI-based omnichannel consumer loyalty, engagement and analytics services. PRESS RELEASE SHANGHAI, Oct. 18, 2018 /PRNewswire/ — Capillary Technologies, a leading AI-based omnichannel consumer loyalty, engagement and analytics provider, announced today that it has completed a new round of financing led by an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing. The fresh round of funds will be used in part to expand its sales/delivery network and product offerings across China. With its China operations Headquartered in Shanghai and with additional China offices in Guangzhouand Changsha, Capillary Technologies provides AI based omnichannel consumer loyalty, engagement and analytics solutions that are purpose built and integrated into the fast developing ‘new retail’ paradigm in emerging markets in Asia, including in China. In just a few years, the new retail solution provider has grown to serve large and popular consumer
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Fourpost ropes in $5 mln

New York City-based Fourpost, a “new retail concept,” has raised $5 million in funding. Fourpost’s investors include Susa Ventures, Collaborative Ventures, Blumberg Capital, Ludlow Ventures, Supernode Ventures, T5 Capital, Accelerator Ventures, Social Capital and Hersz Capital. Source: Press Release

WhiteSource inks $35 mln

New York, Boston and Israel-based WhiteSource, a provider of open source security management, has secured $35 million in funding. Susquehanna Growth Equity led the round with participation from return backers 83North and M12 – Microsoft Ventures. PRESS RELEASE Tel Aviv, Israel – October 17, 2018 – WhiteSource, the leader in continuous open source security management, announced a $35 million funding round led by Susquehanna Growth Equity, with participation by existing investors 83North and M12 – Microsoft Ventures. This $35 million Series-C adds to the $11 million raised by WhiteSource in previous financing rounds. Founded in 2011, WhiteSource was created with the mission to help businesses harness the power of open source without compromising on security or slowing development. With the latest funding, WhiteSource plans to double down on serving the enterprise market where leading customers such as Microsoft, IBM, Comcast and KPMG already leverage the WhiteSource platform. Open source
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Oakhouse leads seed round for ICON

Austin, Texas-based ICON, a construction technologies company, has secured $9 million in seed funding. Oakhouse Partners led the round. PRESS RELEASE AUSTIN, TX, OCTOBER 17, 2018 – ICON, the construction technologies company that took the world by storm in early 2018 when it, alongside its Y-Combinator backed non-profit partner New Story, unveiled the first 3D-printed home in the U.S to receive a building permit, has closed a $9M seed round led by Oakhouse Partners. Additional investors in ICON include D.R. Horton, the largest homebuilder by volume in the U.S. since 2002; Emaar, the largest developer in the Middle East and creator of the tallest building in the world; Capital Factory, Texas’ premier start-up accelerator; CAZ Investments; Cielo Property Group; Engage Ventures; MicroVentures; Saturn Five; Shadow Ventures; Trust Ventures; Verbena Road Holdings and Vulcan Capital among others. ICON will use the funds to further its mission to revolutionize
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Lucidchart grabs $72 mln

Lucidchart, a cloud-based visual productivity platform, has raised $72 million in funding. The investors were Meritech Capital, ICONIQ Capital and Spectrum Equity. PRESS RELEASE SOUTH JORDAN, Utah—October 17, 2018—Lucidchart, the leading cloud-based visual productivity platform, today announced that it has closed a $72 million funding round from new investors Meritech Capital and ICONIQ Capital, and existing partner Spectrum Equity. This brings Lucidchart’s total funding to date to $114 million. With over 15 million users, Lucidchart is quickly becoming the standard for understanding and communicating ideas, information and processes with clarity. The funding will be used to accelerate growth and product development, introducing Lucidchart to millions of new users worldwide. Lucidchart’s platform has experienced rapid growth:
● Lucidchart attracts 700,000 new users per month, adding to a user base of over 15 million people in more than 180 countries and seven languages.
● Ninety-six percent of the Fortune 500 use
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Cognata picks up $18.5 mln

Israel-based Cognata Ltd, a simulation engine for autonomous vehicle developers, has secured $18.5 million in funding. Scale Venture Partners led the round with participation from Emerge, Maniv Mobility, Airbus Ventures and Global IoT Technology Ventures. Source: Press Release

Oakhouse leads $9 mln seed round for Austin-based 3D printing homebuilder ICON

Austin, Texas-based ICON, which builds affordable homes using 3D-printing technology, robotics and advanced materials, announced it has raised $9 million in seed-stage funding. Oakhouse Partners led the large seed funding, which also included national homebuilder D.R. Horton; Emaar, a large Middle East developer; Texas startup accelerator Capital Factory; CAZ Investments; Cielo Property Group; Engage Ventures; MicroVentures; Saturn Five; Shadow Ventures; Trust Ventures; Verbena Road Holdings; and Vulcan Capital, the multi-billion dollar investment arm of the late Microsoft co-founder and philanthropist Paul AllenJason Portnoy, managing partner at Oakhouse Partners and a Kauffman Fellows classmate of ICON co-founder Evan Loomis, wrote a Medium post about why he invested. Source: ICON announcement

Crux Informatics raises $20 mln Series B

Crux Informatics, a data engineering and information supply chain operator, announced it raised $20 million in a Series B round of funding. The financing includes recent investor Two Sigma, as well as follow-on investments from Goldman Sachs’ Principal Strategic Investment Group and Citi, among others previous investors. Crux, which has teams in New York and San Francisco, raised a $10 million Series A round in late 2017. Source: Company announcement

ConveyIQ attracts $5.5 mln

New York City-based ConveyIQ, a provider of enterprise talent communication and recruiting automation software, has raised $5.5 million in funding. SC Ventures led the round with participation from other investors that included 3TS Capital Partners and StarVest Partners. Source: Press Release

CapitalG funds Applied Systems

Applied Systems, a provider of cloud-based software for the insurance industry, has secured an investment from CapitalG, Alphabet’s growth equity investment fund. No financial terms were disclosed. As a result of the transaction, Hellman & Friedman will retain majority ownership of Applied Systems while CapitalG joins JMI Equity and Stone Point Capital as a minority investor. Source: Press Release

BidMySmile takes in seed funding

Colorado-based Bid Doc Inc, a developer of the BidMySmile platform, a digital marketplace that connects patients with orthodontic specialists, has raised an undisclosed amount of seed funding. Greg Meadows, CEO of Rocky Mountain Healthcare Companies, led the round. Source: Press Release

Springbot procures $15 mln

Atlanta-based Springbot, a data-driven marketing platform for ecommerce retailers, has secured $15 million in funding. North Atlantic Capital led the round with participation from return backers TechOperators, TTV Capital, Harbert Growth Partners, TechSquare Labs, Forte Ventures and Silicon Valley Bank. Source: Press Release