San Mateo, California-based Apixio Inc, a provider of data science services to analyze clinical documents for the healthcare industry, announced that it has raised $19.3 million in a Series D round of funding led by SSM Partners Also participating in the round are First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. The company has now raised $41.8 million in total backing, including a $13.5 million round in May 2014. As part of the latest funding, Casey West, managing partner at SSM Partners, has joined the board.
1 min read · 24 May 2016
Ryan Howard, founder and former CEO of Practice Fusion, announced the launch of a new company, San Francisco-based iBeat. Started by Howard and other Practice Fusion veterans, iBeat is developing a wearable that monitors and analyzes a users' heart activity. Howard told PE Hub that the company is looking to close its first round of investment in the next month.
1 min read · 24 May 2016
Ryan Howard, founder and former CEO of Practice Fusion, announced the launch of a new company, San Francisco-based iBeat. Started by Howard and other Practice Fusion veterans, iBeat is developing a wearable that monitors and analyzes a users' heart activity. Howard told PE Hub that the company is looking to close its first round of investment in the next month.
1 min read · 24 May 2016
San Mateo, California-based Agari, a provider of enterprise cybersecurity technology to protect users from phishing attacks, announced it raised $22 million in Series D funding. Norwest Venture Partners led the round, which included all existing investors Alloy Ventures, Battery Ventures, First Round Capital, Greylock Partners and Scale Venture Partners. The company, founded in 2009, has now raised $44.7 million in total funding.
1 min read · 24 May 2016
Santa Monica, California-based March Capital Partners announced it has closed its inaugural fund with $240 million in commitments to invest in early and late-stage companies worldwide. The firm, founded by founded by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, aims to back various tech sectors, with a focus on the infrastructure behind consumer and mobile services. March Capital Partners says it has already invested in excess of $100 million in more than 15 companies.
1 min read · 24 May 2016
San Francisco-based Molekule, maker of an indoor air purifier based on molecular technology, announced it has raised $3.25 million in seed funding from SoftTech VC, Crosslink Capital and CSC Upshot. The company has now raised $3.75 million in total backing. Molekule, founded in 2014, says the product will retail for $799 and ship in early 2017.
1 min read · 24 May 2016
Harmony Partners, which focuses on Series B and later rounds, announced it has raised $105 million for its third fund. The fund was targeted at $100 million. It exceeds the $85 million it raised for Fund II, which it closed in 2014.
1 min read · 23 May 2016
San Francisco-based Kite Hill, maker of plant-based cheeses, yogurts and other dairy alternatives from nut milk, has raised $18 million in a Series B round of funding from 301 INC, General Mills’ venture arm, and CAVU Venture Partners. The company has now raised $21 million in financing. Kite Hill, founded in 2011, sells its products at Whole Foods Markets nationwide.
1 min read · 20 May 2016
France was the most active country for VC dealmaking, backing 32 startups, ahead of second place Germany, which invested in 21 during the month
2 min read · 19 May 2016
San Francisco-based Chime, a provider of mobile banking services, announced it has raised $9 million in funding in a round led by Aspect Ventures. The company has now raised $21 million in total capital. Other investors in the company include Crosslink Capital, Forerunner Ventures, Homebrew Ventures and PivotNorth Capital, according to AngelList. As a result of the latest funding, Lauren Kolodny of Aspect Ventures has joined the board.
1 min read · 19 May 2016
