PrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its previously-announced $22.7 million (US$18 million) Series C round. The deal's other investors included Innovate Indiana Fund, Intel Capital, Millennium Technology Value Partners, NTT Docomo Ventures, Verizon Ventures, a USAA affiliate and Yamaha Motor. PrecisionHawk, which is based in Raleigh, North Carolina and Toronto, has now raised US$30 million in total funding, the company reported.
3 min read · 27 April 2016
Raleigh, North Carolina-based PrecisionHawk, a provider of aerial data and safety technology for drones, announced that DuPont has joined its $18 million Series C round. The round was announced last week and PrecisionHawk told PE Hub at the time that an additional investor would be announced soon. Other disclosed investors in the round include Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund. PrecisionHawk, which also has an office in Toronto, has now raised $30 million in total funding.
1 min read · 27 April 2016
Danville, California-based Trov, which provides on-demand insurance services via mobile phone, has raised $25.5 million in a Series C funding round led by Oak HC/FT. Other investors in the round include leading Australian insurer Suncorp Group, insurance technology provider Guidewire and fintech-focused venture firm Anthemis Group. The company has now raised $39 million in total funding. The company said its on-demand insurance services will roll out to users first in Australia in May 2016.
4 min read · 26 April 2016
Kasisto, which uses artificial intelligence technology behind its virtual assistant banking services, announced it has received a minority investment from DBS Bank. Kasisto was spun out of SRI International in 2014 and has received $2.25 million in funding from New York Angels, Two Sigma Investments and Wells Fargo Startup Accelerator, among others, according to data from Thomson Reuters. Kasisto also announced it is powering the virtual assistant in digibank, a mobile-only bank in India.
3 min read · 26 April 2016
Tado, a maker of a smart climate control device and app, announced it has raised $23 million in funding entirely from Inven Capital, a venture arm of CEZ Group. The company, which has its headquarters in Munich, Germany, and sells its device in Europe, the United States and Singapore, has now raised $57 million in total funding. This includes a $17.1 million funding in October. Existing investors include Siemens AG's VC arm and Statkraft Venture Capital, the investment unit of Europe’s largest producer of renewable energy, as well as Target Partners, Shortcut Ventures, BayBG and others.
3 min read · 26 April 2016
Rooam, which describes itself as a socially connected mobile payment app, announced at the Collision conference in New Orleans that it has raised $1.2 million in seed-stage funding from several undisclosed private investors. The company's app allows users to pay for drinks and connect with friends to find out what events and clubs they are at. Rooam plans to launch its mobile app in Washington, D.C., in the spring.
4 min read · 26 April 2016
In Q1, 76 VC-backed companies were acquired, with a disclosed value of $4.8 billion combined
2 min read · 24 April 2016
Instead of staying stuck in the old IPO process or seeking secondary liquidity in lieu of primary exits, why doesn’t the industry create a new process/product?
4 min read · 22 April 2016
Jamie Goldstein, a former general partner with North Bridge Venture Partners, has filed to raised $100 million for his new Boston-based fund Pillar I, according to a regulatory filing.
1 min read · 21 April 2016
Jamie Goldstein, a former general partner with North Bridge Venture Partners, has filed to raised $100 million for his new Boston-based fund Pillar I, according to a regulatory filing.
1 min read · 21 April 2016
