Mountain View, Calif.-based YourMechanic, a provider of an on-demand auto mechanic service, announced it has raised $24 million in Series B funding. Participating in the round were SoftBank Capital, Lerer Hippeau Ventures, Data Point Capital, Andreessen Horowitz, SAIC, Verizon Ventures, American Family Insurance, PG Ventures, Promus Ventures and Silicon Valley Bank. The company has now raised $32 million in total funding. As part of the financing, Joe Medved from Lerer Hippeau Ventures and Scott Savitz from Data Point Capital have joined the board.
4 min read · 01 March 2016
The long-running corporate investors are stepping up their game as new players enter the market. It’s clear that CVCs are occupying a more prominent place in the investment landscape.
2 min read · 29 February 2016
San Francisco-based REVL, maker of a camera to take action and adventure shots, announced it has raised $2 million in seed-stage funding. Venture capitalist and outdoor enthusiast Bill Tai led the round, which included Y Combinator, Frog Ventures and individuals James Lindenbaum and Lars Rasmussen, among others. The company says the funding is advance of its plans to roll out its first product, the REVL action camera, to the general public via a crowdfunding campaign in spring 2016. REVL, which was founded last year, also announced was accepted into Y Combinator’s Winter 2016 batch.
3 min read · 25 February 2016
Menlo Park, Calif.-based Quantifind, which provides on-demand insights for brands, announced it has raised a $30 million round of funding led by Cathay Innovation. Previous investors Redpoint Ventures, U.S. Venture Partners, Comcast Ventures, Iris Capital and AME Cloud Ventures also participated in the round. The company, founded in 2009, has now raised $60 million in funding. As part of the recent funding, Denis Barrier, co-founder of Cathay Innovation, is joining the board.
3 min read · 24 February 2016
San Francisco-based Captain401, which helps small businesses to setup retirement savings plans for employees, has raised $3.5 million in seed-stage funding. Investors include SoftTech VC, SV Angel, Y Combinator, CrunchFund, Dave Morin's Slow Ventures, Susa Ventures, FundersClub and numerous individuals, including 49ers Hall of Fame quarterback Joe Montana, Gmail developer Paul Buchheit, Twitch co-founders Justin Kan and Michael Siebel, Scribd co-founder Jared Friedman, Nerdwallet co-founder Jacob Gibson and former Stripe CTO Greg Brockman. Captain401 went through Y Combinator last summer.
1 min read · 24 February 2016
500 Startups has announced the launch of two new funds, including a $25 million fintech fund and a $25 million vehicle focused on India.
1 min read · 23 February 2016
Only five deals were disclosed in the month for a combined value of $615.5 million
2 min read · 23 February 2016
Zero VC-backed companies went public in January for the first time since September 2011, but February already is better
2 min read · 22 February 2016
500 Startups is raising a $30 million 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. Riney previously was principal with DeNA's venture arm and before that was founder and CEO of ResuPress in Tokyo.
1 min read · 18 February 2016
San Francisco-based Vitagene, which provides a personalized vitamin supplement regimen based on a patient’s DNA, lifestyle and blood work, has raised $5.5 million in seed funding. Spectrum 28 led the round, which also included Viking Global Investors and individual investors Neil Hunt, chief product officer of Netflix; Ken Goldman, SVP and CFO at Yahoo; and venture capitalist Yuri Milner.
3 min read · 17 February 2016
