San Francisco-based Sun Basket, a provider of a meal-kit delivery service, announced it has closed its Series A round with $11.6 million in funding. The company raised $4.5 million in September 2015, and has since added $7.1 million. Led by Paul Allen’s Vulcan Capital, PivotNorth Capital and Robertson Stephens Partners, the round also includes Baseline Ventures, the Tyler Florence Group, Rembrandt Ventures, Correlation Ventures, Relevance Capital, Roth Capital and Filter14, among other undisclosed investors.
1 min read · 19 May 2016
San Francisco-based Sun Basket, a provider of a meal-kit delivery service, announced it has closed its Series A round with $11.6 million in funding. The company raised $4.5 million in September 2015, and has since added $7.1 million. Led by Paul Allen’s Vulcan Capital, PivotNorth Capital and Robertson Stephens Partners, the round also includes Baseline Ventures, the Tyler Florence Group, Rembrandt Ventures, Correlation Ventures, Relevance Capital, Roth Capital and Filter14, among other undisclosed investors.
1 min read · 19 May 2016
Paris-based Shift Technology, a provider of a software-as-a-service platform that uses artificial intelligence to help insurers detect claims fraud, announced it has raised $10 million in a Series A round led by Accel. Elaia Partners and Iris Capital also participated in the funding. As part of the round, Sonali de Rycker, a London-based general partner at Accel, has joined the board. The company was founded in 2013.
1 min read · 19 May 2016
Sunnyvale, California-based DriveScale, a provider of scale-out computing tools for the enterprise, emerged from stealth and announced it raised $15 million in Series A funding. Pelion Venture Partners led the round, which included participation from Nautilus Venture Partners and Foxconn’s Ingrasys. As part of the funding, Carl Ledbetter, managing director at Pelion, and Connie Sheng, founding managing director at Nautilus, have joined the board.
1 min read · 19 May 2016
Dmitry Grishin, founder of the Grishin Robotics firm, recently raised a $100 million fund and is learning the ins and outs of being a VC
4 min read · 19 May 2016
Wellesley Hills, Massachusetts-based RedPoiont Global, a provider of data management and customer engagement software, announced it has raised $12 million in a Series C round of funding led by Grotech Ventures and WP Global Partners. The company previously raised about $11 million in funding.
1 min read · 18 May 2016
Only one new debut in April from Aeglea BioTherapeutics, bringing to seven the total number of VC-backed IPOs to start the year
2 min read · 18 May 2016
Seven of the April acquisitions disclosed financials terms, which combined to about $3.3 billion in value
2 min read · 17 May 2016
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
1 min read · 17 May 2016
San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.
1 min read · 17 May 2016
