Venture Capital Roundup for January 12, 2018

Venture Capital News Roundup For The Day

News on venture capital, funding and startups found around the web, curated for you from various sources. Happy reading!


Various VC News

  • Pro Rata
    on 2018-01-11 at 15:00Why it matters: Harvard is one of the oldest institutional investors in venture capital and private equity, but has now gone through three bosses in less than five years. And there is not yet any word on a successor for Hall, whose tenure will go down as most notable for completing a large secondary sale. […]

  • Renault-Nissan-Mitsubishi launch Alliance Ventures, announce first investment
    on 2018-01-11 at 14:37New venture capital fund Alliance Ventures will aim to support and develop technologies for vehicle electrification, autonomous driving, connectivity and artificial intelligence. Automotive alliance Renault-Nissan-Mitsubishi has this week announced the launch of a new venture capital fund, Alliance … […]

  • Term Sheet — Thursday, January 11
    on 2018-01-11 at 14:26NEW FUND ALERT: Social Leverage, the San Diego-based seed and early-stage venture capital firm, is looking to raise up to $50 million for its third fund, according to an SEC filing. Howard Lindzon, the serial entrepreneur behind WallStrip and StockTwits, is a general partner at the firm. Sources tell … […]

  • How SA’s venture capital pipeline flowed to finish 2017
    on 2018-01-11 at 14:15Three startup fundraising rounds closed during fourth quarter 2017 in San Antonio that were aggregated by venture capital tracking groups, according to reports released this week. Those reports include PricewaterhouseCoopers’ Money Tree report, collected by CB Insights, and one produced in … […]

  • Michigan Growth Capital Symposium Announces 37th National Venture Capital Event
    on 2018-01-11 at 14:03ANN ARBOR, Mich, Jan. 11, 2018 /PRNewswire/ –The Michigan Growth Capital Symposium (MGCS), the premier platform for Midwest emerging growth companies seeking funding to connect with investors, is scheduled to take place May 15-16 at the Marriott Resort in Ypsilanti, Mich. More than 400 … […]

  • OurCrowd Launches $100M Venture Capital Fund
    on 2018-01-11 at 13:52OurCrowd, a Jerusalem, Israel-based global equity crowdfunding platform, has launched Cognitiv, a specialized $100m global fund. Cognitiv, the 12th fund to launch for funding on OurCrowd’s platform, focuses on early-stage companies that leverage AI, deep-learning, IoT, robotics and digital … […]

FinSMEs

  • Tussell Completes £1M Seed Funding
    by FinSMEs on 2018-01-12 at 13:43Tussell, a London, UK-based provider of a tech government procurement platform for businesses of all sizes, completed a £1M seed funding. The round values the company at £5M. Backers included Lord Young of Graffham, Mike Soutar, Tim Ewington, Donal Smith, and Duncan Calam, who all invested in their private capacity. The company will use the […]

  • Hometree Raises £1.9M in Funding
    by FinSMEs on 2018-01-12 at 13:19Hometree, a London, UK-based energy startup, raised £1.9m in funding. Backers included LocalGlobe, DN Capital, Oxford Capital, FJ Labs, and Better Capital founder Jon Moulton. The company intends to use the funds to expand operations and its business reach. Led by Simon Phelan, CEO, Hometree Hometree is a company leveraging technology to deliver a boiler […]

  • Digital Fineprint Raises $2.7M in Funding
    by FinSMEs on 2018-01-12 at 13:11Digital Fineprint, a London, UK-based insurtech startup, raised $2.7m in funding. The round was led by Pentech Ventures, with participation from existing investors Force Over Mass, and angel investors from the insurance and fintech community (including Andy Homer, the previous CEO of AXA UK). In conjunction with the funding, Marc Moens, partner at Pentech Ventures, […]

  • SpendMend Receives Investment from Sheridan Capital Partners
    by FinSMEs on 2018-01-12 at 12:59SpendMend, LLC, a Grand Rapids, MI-based provider of spend visibility and audit recovery services to the healthcare industry, received an investment from Sheridan Capital Partners. The amount of the deal was not disclosed. In the transaction, Sheridan invested alongside SpendMend’s founders and management, who will retain a meaningful ownership stake in the business. The company […]

  • SwipeClock Acquires Shugo
    by FinSMEs on 2018-01-12 at 11:02SwipeClock LLC, a Salt Lake City, UT-based provider of integrated workforce management solutions that enable employers to manage their workforces, has acquired Shugo, a provider of innovative SaaS-based workforce products and services for small- and medium-sized businesses. The amount of the deal was not disclosed. Led by Coleman Barney, CEO, SwipeClock provides TimeWorksPlus, […]

  • Delphon Industries Receives Equity Investment from PWP Growth Equity
    by FinSMEs on 2018-01-12 at 10:47Delphon Industries, a Hayward, California-based manufacturer of device protection and adhesive products, received an equity investment from PWP Growth Equity. The amount of the deal was not disclosed. The investment will allow Delphon to accelerate investments in its people and manufacturing operations, and to continue developing products and customized solutions for new and existing customers. […]

  • Cision to Acquire Prime Research
    by FinSMEs on 2018-01-12 at 10:22Cision (NYSE: CISN), a global provider of earned media software and services to public relations and marketing communications professionals, is to acquire Prime Research, a global provider of media measurement and analysis services. The deal, of undisclosed amount, is expected to close in January of 2018.  The closing of the transaction is subject to customary closing […]

  • Cyxtera To Acquire Immunity
    by FinSMEs on 2018-01-12 at 10:03Cyxtera Technologies, a secure infrastructure company, entered into a definitive agreement to acquire Immunity Inc., a Miami-based privately-held provider of offense-oriented systems vulnerability research, exploit development and penetration testing services. When the transaction closes, Cyxtera will incorporate Immunity’s offerings into its expanding portfolio of threat analytics […]

DealStreet Asia VC

VentureBeat

Alley Watch

PE Hub VC (US)

  • Y Combinator starts bio track with larger initial investment
    by Mark Boslet on 2018-01-12 at 00:00Y Combinator said it will start a bio track for young companies and offer them a substantially larger initial investment. […]

  • SalesPro snags funding from 3737 North Capital
    by Iris Dorbian on 2018-01-11 at 19:47Bangalore-based SalesPro, a provider of market research and sales solutions, has secured an undisclosed amount of funding. The investor was 3737 North Capital. […]

  • Ovation picks up $1.85 mln
    by Iris Dorbian on 2018-01-11 at 16:23Cambridge, Massachusetts-based Ovation.io, a provider of data and operations solutions to researchers, scientists and labs in the life sciences industry, has secured $1.85 million in funding. StageDotO and Longfellow Ventures led the round. […]

  • Pest management software startup FieldIn nabs $4 mln
    by Iris Dorbian on 2018-01-11 at 16:21Israel and Salinas, California-based FieldIn, a provider of pest management software for orchards, groves and vineyards, has raised $4 million in funding. Gal Ventures and Germin8 Ventures led the round with participation from other investors that included Terra Ventures and the Israel Innovation Authority. […]

  • SkySpecs lands $8 mln Series B
    by Iris Dorbian on 2018-01-11 at 16:15Ann Arbor, Michigan-based SkySpecs, an automated infrastructure inspection company, has raised $8 million in Series B financing. Statkraft Ventures led the round with participation from other investors that included UL Ventures, Capital Midwest, Venture Investors and Huron River Ventures. […]

PE Hub VC (Canada)

  • SkySquirrel Technologies raises $3 mln, merges with VineView
    by Kirk Falconer on 2018-01-11 at 15:01Canadian drone technology startup SkySquirrel Technologies Inc has raised $3 million in follow-on financing. The round was backed by Innovacorp, an existing investor, and an unidentified private investor in Ontario. SkySquirrel also said it has merged with Napa Valley, California’s VineView SAI Inc, creating a new Halifax-based provider of aerial imaging and crop diagnostics […]

  • Human rights tech platform Ulula nets $1 mln in seed funding
    by Kirk Falconer on 2018-01-10 at 21:58Ulula, a software and analytics platform that helps enterprises monitor human rights risks, has secured $1 million in seed-stage financing. The round was backed by Humanity United, an affiliate of U.S. philanthropic investment firm Omidyar Group and Canadian boutique impact investment firm Good & Well. Based in Toronto and New York, Ulula was founded in 2013 […]

  • Acuva Technologies wins $2.6 mln in angel-led Series A
    by Kirk Falconer on 2018-01-09 at 22:19Acuva Technologies Inc, a Vancouver-based point-of-use water purification systems provider, has raised $2.6 million in a Series A financing. The round was backed by a group of Canadian angel investors. Founded in 2014 by President and CEO Manoj Singh, Acuva has developed a new system of microbial water purification using ultraviolet light-emitting diode technology created […]

  • Pfizer, Genesys invest in natural-product drug maker Adapsyn
    by Kirk Falconer on 2018-01-09 at 20:40Adapsyn Bioscience Inc, a Hamilton, Ontario biotechnology company focused on natural-product drug candidates, has wrapped up an undisclosed round of financing. The deal was co-funded by Pfizer R&D Innovate, an affiliate of U.S. pharmaceutical giant Pfizer Inc, and Genesys Capital, a Canadian life sciences venture capital firm. Genesys Managing Director Kelly Holman currently […]

  • IVP-backed Igloo Software raises $60 mln from Frontier Capital
    by Kirk Falconer on 2018-01-09 at 18:18Kitchener, Ontario digital workplace solutions provider Igloo Software has raised about $60 million (US$47 million) from U.S. growth equity firm Frontier Capital. With the deal, Frontier’s Andrew Lindner, Dave Pandullo and Bob Froetscher will join the board. Founded in 2008 by CEO Dan Latendre, Igloo supports enterprises in their move beyond a traditional intranet to a […]

VC News Daily

  • Pager Announces New Strategic Financing
    on 2018-01-11 at 13:00NEW YORK, NY, Pager, a mobile-first patient engagement and care navigation platform for large health plans and health systems, has raised an undisclosed amount of funding. […]

  • Skyword Secures $25M
    on 2018-01-11 at 13:00BOSTON, MA, Skyword, the leading content marketing software and services company, announced that it has raised $25 million in growth equity from Rho Acceleration, a division of Rho Capital Partners. […]

  • Braeburn Pharmaceuticals Nabs $110M
    on 2018-01-11 at 13:00PRINCETON, N.J., Braeburn Pharmaceuticals, (Braeburn) today announced that the Company has completed a $110 million mezzanine round of financing led by Wellington Capital Management. […]

  • Nozomi Networks Receives $15M
    on 2018-01-11 at 13:00SAN FRANCISCO, CA, Nozomi Networks, the leader in real-time cybersecurity and operational visibility for industrial control systems (ICS) announced it has raised $15 million in Series B financing. […]

  • SkySpecs Raises $8M Series B Round
    on 2018-01-11 at 13:00ANN ARBOR, MI, SkySpecs, the leading automated infrastructure inspection company, announces an $8 million Series B financing. […]

TECH.CO Funding

  • VentureWell to Fund UMaine Student-Led Biotech Startup
    by Whit Richardson on 2017-12-13 at 12:15VentureWell, a Massachusetts-based nonprofit that supports science and technology entrepreneurs, has selected a medical simulation startup founded by University of Maine students to receive funding and training. The company, Zephyrus Simulation LLC, was spun off from a product developed by a group of bioengineering… […]

  • Revolution Launches $150M Rise of the Rest Seed Fund With Dream Team of Investors
    by Frank Gruber on 2017-12-05 at 19:30Today Steve Case’s venture capital firm, Revolution Ventures, announced the creation of a new $150 million ‘Rise of the Rest Seed Fund’ geared at investing in startups outside of Silicon Valley, New York, and Boston. There’s no question there is a lack of seed… […]

  • Finally, Proof That People Who Build Businesses Do Better Than the Disruptors
    by Adam Rowe on 2017-12-05 at 17:20The buzzword “disruption” has a long history of making appearances in pitches and investor meetings, but a shorter history of actually manifesting in reality. Building a functioning business isn’t the same thing as creating a disruptive startup: The latter must blaze a trail and… […]

  • 16 Artificial Intelligence Startups in the UK Raising Some Serious Capital
    by Eze Vidra on 2017-12-05 at 16:30With the boom of artificial intelligence companies in the UK, it seems that a new company launches every week in the UK. In a government report, they called for a UK strategy to advance AI. The subsequent budget included a £270m investment fund for disruptive technologies such as… […]

  • 7 Former Professional Athletes Turned Investors
    by Conor Cawley on 2017-11-29 at 15:50Professional athletes are some of the most highly paid individuals on the planet. Their multimillion dollar contracts make headline news on a regular basis, and they never seem to go down. However, when retirement rolls around, these athletes are in dire need of a… […]

ImpactAlpha

  • Democratizing impact investing, gender-equity ETF, regenerative economy, digital solutions for…
    by ImpactAlpha on 2018-01-12 at 02:45The BriefDemocratizing impact investing, gender-equity ETF, regenerative economy, digital solutions for Global GoalsJan. 11, 2018Photo credit: Elijah HiettGreetings, ImpactAlpha readers!#Featured: ImpactAlpha VoicesDemocratizing — and localizing — impact investing in 2018. Invest in what you know, right? For smaller investors who know their own […]

  • Democratizing — and localizing — impact investing in 2018
    by Amy Cortese on 2018-01-12 at 02:30Inclusive EconomyHow small investors are crowdfunding local businesses and overlooked entrepreneursMuizenberg, Cape Town, South Africa l Photo credit: Louis SmithInvest in what you know, right? For smaller investors who know their own communities best, it’s been hard to follow Warren Buffett’s famous advice.Now, a range of new approaches and products is allowing individual […]

  • Acumen America places first financial-inclusion investment in EarnUp
    by Jessica Pothering on 2018-01-11 at 16:40Inclusive EconomyThe investment is Acumen America’s fifth targeting the 47 million Americans living in povertyEarnUpSan Francisco-based EarnUp provides loan consolidation and repayment support to help Americans living paycheck-to-paycheck manage their debt.It says it has handled $1 billion in loans since its 2015 launch. Acumen America’s investment into the fintech firm is […]

  • Bond investors are getting smarter about flood risks
    by Dennis Price on 2018-01-11 at 14:55Smarter MoneyBetter risk assessment tools could impact the flow of capital to coastal municipalitiesImage credit: FEMA National Flood Hazard LayerA better understanding of the risks of flooding and other realities of climate change among bond investors could impact the flow of capital to coastal municipalities.In November, credit rating agency Moody’s warned cities and states that […]

  • Halogen Ventures raises $10 million for women entrepreneurs
    by Jessica Pothering on 2018-01-11 at 14:31Women RisingThe fund will bring more seed capital to women-led startupsJesse Draper l Photo credit: The Collective MillHalogen founder Jesse Draper, creator of the “The Valley Girl Show,” has closed a $10 million fund to get more seed capital to women-led startups, including Eloquii, a plus-size clothing company, and Werk, a job site for flexible work.Most of the fund’s […]

  • Indian startups get seed funding from Startup Oasis
    by Jessica Pothering on 2018-01-11 at 14:28Growth marketsThe program is funded by U.K. development finance agency DFID; incubation is led by Chennai-based VillgroStartup Oasis Team Members | PC: Startup OasisThe Jaipur, India-based startup fund is investing 26 million rupees ($408,000) in four ventures: Contree, a network for volunteer activities based in Jaipur; Urdhvam, a water management consultancy based in Pune; Medcords, a Kota […]

Crowdfund Insider

  • ThinCats Says 2018 is Poised for Growth in SME Lending
    by JD Alois on 2018-01-12 at 03:13ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More The post ThinCats Says 2018 is Poised for Growth in SME Lending appeared first on […]

  • Full Strength: Hester Peirce & Robert Jackson are Sworn in as SEC Commissioners
    by JD Alois on 2018-01-12 at 02:50The Securities and Exchange Commission has finally filled the two vacant seats on the Commission as Hester M. Peirce and Robert J. Jackson were sworn in today by SEC Chairman Jay Clayton. Peirce and Jackson will join the other two Commissioners, Kara Stein and Michael… Read More The post Full Strength: Hester Peirce & Robert Jackson are Sworn in as SEC Commissioners appeared first on […]

  • The Empire Strikes Back: Traditional Debt and Equity Capital Providers Get Smart(er) About Token Sales
    by Joshua Klayman on 2018-01-11 at 22:21With thanks to Greg Murphy of Outlier Ventures for his contribution to this article. Now that 2018 is well underway, traditional debt and equity capital providers would be wise to re-examine many of their familiar forms of contracts to identify new risks – and realize… Read More The post The Empire Strikes Back: Traditional Debt and Equity Capital Providers Get Smart(er) About Token Sales […]

  • Real Estate Tech Exec Suresh Srinivasan Joins Roofstock as CMO
    by Erin Hobey on 2018-01-11 at 21:36Roofstock, a leading US online marketplace for buying and selling leased single-family rental homes, announced the strategic hire of Suresh Srinivasan as chief marketing officer. Srinivasan has 20 years’ experience leading marketing, product, and e-commerce functions at Fortune 500 and high-growth tech startups. Most recently… Read More The post Real Estate Tech Exec Suresh Srinivasan […]

Andreessen Horowitz

  • a16z Podcast: Revisiting the Gene
    by htidnam on 2018-01-11 at 23:00The complete sequencing of the human genome is one of the most powerful examples of technology and science in action: We’ve gone from needing $3 billion and over 13 years to read a single human genome to today, to where […]

  • When Biology Becomes Engineering
    by sonala16z on 2018-01-10 at 16:00watch time: 23 minutes As the product of millions of years of evolution, biology is incredibly complex. And until now, the science behind understanding biology has largely been driven by empiricism — we try things out and see if they […]

  • Biology, the New (Old) Technical Debt… and What That Means for Healthcare Innovation
    by sonala16z on 2018-01-08 at 01:00It’s a common nightmare for programmers to come in late to a project or organization and then have to make sense of a complex “spaghetti mess” of code created over the previous 10 years — a technical debt that takes […]

  • a16z Podcast: Community and Culture, Online
    by sonala16z on 2018-01-07 at 01:00We’re so used to thinking of “community” as our friends, families, and neighbors. But what a community is, and who it is made of, has changed thanks to the internet, and without our noticing it. What happens when online communities […]

VCCircle

  • Videocon d2h, Dish TV merger in rough waters
    by Keshav Sunkara on 2018-01-12 at 14:14The proposed merger between Videocon d2h Ltd and Dish TV India Ltd maybe in danger of being called off, following the decision by a section of lenders to initiate insolvency proceedings against debt-laden Videocon Group. Dish TV, in its latest filing, told the stock exchanges that certain entities belonging to the Videocon Group, including the promoters of Videocon d2h Ltd, may have become […]

  • Exclusive: Top manager behind Avendus’ public markets-focused Phoenix Fund quits
    by Ranjani Raghavan on 2018-01-12 at 14:01The head of Avendus Capital’s maiden public markets fund has quit within four months of the fund’s launch, people directly aware of the development told VCCircle. Aniruddha Naha, director of equities at Avendus Wealth Management, has resigned after a stint of over a year and a half with Avendus Capital. Naha’s exit comes as the fund was in the process of raising its maiden […]

  • Apollo Micro Systems sees record demand, oversubscribed 247x in first IPO of 2018
    by Ankit Doshi on 2018-01-12 at 13:31India primary equity markets continued with strong momentum entering into 2018, with Apollo Micro Systems seeing record demand for its three-day public issue that closed on Friday. The initial public offering (IPO) of 4.14 million shares, excluding the anchor allotment, received bids for 1.02 billion shares, stock exchange data showed. The book was covered nearly 248 times. Mumbai-based […]

  • Microsoft partners with Accenture to fuel growth-stage Indian tech startups
    by Binu Paul on 2018-01-12 at 13:22The startup-focused arms of global IT giants Microsoft and Accenture have announced a partnership to help growth-stage technology business-to-business (B2B) startups in India excel in national and international markets. Announced at Microsoft Accelerator’s flagship event Microsoft ThinkNext 2018 in Bengaluru, the programme will help startups in India that specialise in artificial […]

  • India industrial growth hit two-yr high in November; inflation more than expected
    by Reuters on 2018-01-12 at 13:06Rising food prices pushed India’s retail inflation to a 17-month high in December, breaching the central bank’s medium-term target for the second straight month, which could intensify pressure for it to raise policy rates in the next few months. India’s measure of consumer price inflation, the CPI index, rose 5.21 percent in December from a year earlier, the Ministry of […]

  • Indian arm of Sotheby’s International Realty in ad-for-equity deal with HT Media
    by Keshav Sunkara on 2018-01-12 at 13:03HT Media Ltd, which runs the Hindustan Times newspaper, has received an approval from its board to invest up to Rs 21.9 crore ($4.55 million) in luxury real estate brokerage firm RealPro Realty Solutions Pvt. Ltd. RealPro Realty, which has a franchise agreement with Sotheby’s International Realty Affiliates LLC, operates in the country under the India Sotheby’s International Realty […]

Various Seed Funding News

  • Global funding to VC-backed startups jumps 50% to $164.4b in 2017
    on 2018-01-11 at 11:48In addition, investment in seed companies in the US fell to a five-year low. Seed activity as a proportion of all deals in the US declined to 27% in 2017, compared to 32 percent in 2016. The share of expansion stage and later stage funding as a proportion of all deals increased, accounting for 21% and … […]

  • Kuants gets seed funding from Delhi based angel investors
    on 2018-01-11 at 11:26New Delhi [India], Jan 11 : Algorithmic trading platform, Kuants on Thursday raised Rs. five million from Delhi based angel investors, Pankaj Chopra and Ankush Gupta. The fresh funds will be majorly used to build up the Graphical User Interface (GUI) based online stock market simulator, and acquiring … […]

  • Start-up wins £340k UCL fund for AI data privacy ahead of GDPR
    on 2018-01-11 at 11:03Ahead of this cut-off date, a start-up specialising in data anonymisation software has won £340,000 in pre-seed funding from UCL and several investors. UCL Technology Fund, along with London Co-Investment Fund (LCIF), AI Seed and Ascension Ventures have partnered with Anon AI to fund work on … […]

  • CBA Capital Makes First Close Of Early Stage VC Startup Fund At $15.6 Mn
    on 2018-01-11 at 07:30It has Seed funded six young companies till date including Oliveboard, edtechChipperSage, GuruG, Report Bee, School Mitra and Select Jobs. The year 2017 also witnessed the announcement of a number of VC funds in the early stage startup ecosystem of the country. This included $53 Mn second VC … […]

  • City SOAR program boasts high employment rate
    on 2018-01-11 at 06:11SOAR has given $5,000 seed fund grants to Hoops4Lyfe, My Brother’s Second Chance, Silver Lining Youth Services, Boys2Men Mentorship Program and Honorable Youth. Seed funds go to direct program expenses and are contingent on attending capacity building training designed to help those … […]