Philz Coffee announced in a blog post on Medium that is has closed its Series C round of funding with $45 million in commitments. The round included an investment by TPG Growth, the San Francisco-based coffee chain said. As part of the funding round, Jim Coulter, co-founder and co-chief executive of TPG, and Sanjay Banker, a partner with TPG Growth, have joined the board. Philz has now raised about $75 million in total funding from TPG Growth, Summit Partners, Cowboy Ventures and others.
1 min read · 14 September 2016
Scale Venture Partners announced in a blog post that Tim Anglade has joined the Foster City, California-based firm as an executive-in-residence. Anglade was previously vice president of product at Realm, a provider of an embeddable database for mobile developers that was backed by Scale and others. At Scale, he is spearheading a video series the firm launched called the Startup Tapes, which chronicles how entrepreneurs build startups.
1 min read · 13 September 2016
Rothenberg Ventures, which has seen staff departures as the firm is reportedly unable to secure additional funds for operation, has renamed itself Frontier Tech Ventures. A Backchannel post on Medium reports the San Francisco firm, which has $50 million under management, changed its name on Sept. 12. The Backchannel post says the Securities and Exchange Commission is reportedly investigating the firm, as former employees allege improper accounting practices.
1 min read · 13 September 2016
San Francisco-based Sourcery, a provider of a digital payments and commerce platform for the food service industry, has raised $5 million in Series A funding. The round was led by Marker LLC with Steadfast Capital and existing investors also participating. The company has now raised $7.5 million in total funding. As part of the latest round, Yuval Shachar, co-founding partner of Marker, has joined the board. Sourcery was founded in 2012.
1 min read · 13 September 2016
New York-based, Arbor, which provides a marketplace for people-based data, announced it has raised $6.5 million in Series A funding. Canaan Partners led the round with participation from First Round Capital. As part of the latest financing, Canaan General Partner Warren Lee has joined the board. The company, which also has an office in San Francisco, previously raised $2.5 million in funding from First Round and individual investors, including Jim Payne (formerly of MoPub), as well as Nat Turner and Zach Weinberg (co-founders of Flatiron Health). Arbor was founded in 2014.
1 min read · 13 September 2016
3 min read · 13 September 2016
Harmony Partners, a growth-stage investor which earlier this year closed its third fund with $105 million in commitments, announced that Clemens Baumgart has joined the firm as an associate. Baumgart, who will be based out of the firm's New York office, was previously a strategy consultant at McKinsey & Company, where he advised clients in technology, healthcare and financial services. Harmony Partners also has an office in San Francisco.
1 min read · 12 September 2016
1 min read · 09 September 2016
Palo Alto, California-based AutoTech Ventures has raised $44.8 million toward a $150 million fund, according to a regulatory filing. The commitments came from 13 LPs, according to the filing. The firm, which is led by Alexei Andreev and Quinn Garcia, invests in early-stage transportation-related startups.
1 min read · 09 September 2016
500 Startups has raised more than $19.5 million for a $30 million targeted fund focused on Japan, according to a regulatory filing. The filing for 500 Startups JP lists co-founders Dave McClure and Christine Tsai, as well as James Riney, who heads up 500 Startups Japan.
1 min read · 08 September 2016
