San Francisco-based Massdrop, a provider of online communities for enthusiasts and hobbyists, has raised a $40 million Series B round of funding. August Capital led the round, which included returning investors First Round Capital, Mayfield Fund and Cowboy Ventures. The company previously raised about $8 million in Series A and seed-stage funding. As part of the Series B, David Hornik, general partner of August Capital, has joined the company board.
3 min read · 13 August 2015
San Mateo, Calif.-based PokitDok, a provider of a cloud-based platform for handling healthcare transactions, such as claims and scheduling, announced it has raised $34 million in funding. Lemhi Ventures led the round. The company has now raised $39.6 million in equity, including a $4.3 million Series A round in June 2013 from New Atlantic Ventures, Rogers Venture Partners, Subtraction Capital and individual investors Zac Zeitlin and Jonathan Sposato, among others.
4 min read · 13 August 2015
Venture-backed Aricent, a Redwood City, Calif.-based provider of product engineer services, has acquired SmartPlay, a chip design services company based in India, for a reported $180 million. The acquisition bolster's Aricent's R&D efforts in software, hardware and network products for the Internet of Things. Aricent has raised funding from KKR and Sequoia Capital.
3 min read · 13 August 2015
Illumitex, an Austin, Texas-based manufacturer of LEDs, announced it has concluded its C1 round of funding with $16 million. Strategic investor WP Global Partners led the round, which included existing investors New Enterprise Associates, Morgan Creek Capital, Mousse Partners, Apex Venture Partners, DMWMDW Interests, Syngenta Ventures and individual investors Jimmy Treybig and Larry Abrams. The company has now raised $76 million in total funding.
3 min read · 12 August 2015
Spoken Communications, a Seattle-based provider of cloud infrastructure services for customer service call centers, announced it has raised $28.8 million in Series D funding. New investor Riverwood Capital led the round, which included participation from previous investor Ignition Partners. The company has now raised $54 million in total funding.
3 min read · 11 August 2015
Investing in the general security sector is on an upward trend as recent exits in the space have also taken place
3 min read · 06 August 2015
San Francisco-based Amplitude Analytics, a provider of a mobile analytics platform to help users grow their apps, announced it has raised a $9 million Series A round of funding led by Benchmark. Existing investors Quest Venture Partners, Data Collective, Merus Capital and individuals Charlie Cheever and Dave Morin, among others, also participated. The company, founded in 2012, previously raised a $2 million seed-stage round last year. As part of the Series A round, Eric Vishria, a general partner at Benchmark, has joined the board.
3 min read · 05 August 2015
Mountain View, Calif.-based Tintri Inc, a provider of storage for virtualization and cloud environments, announced the close of a $125 million Series F round of funding. Silver Lake Kraftwerk led the round, which included existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and New Enterprise Associates. The company has now raised $260 million in total funding.
5 min read · 05 August 2015
It shouldn’t come as a surprise to VCJ readers that prices are more affordable in Europe, which has a healthy supply of engineers
2 min read · 01 August 2015
San Francisco-based Radius, a provider of business-to-business predictive marketing software, announced it has raised a $50 million round led by Founders Fund. Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital also participated in the round.
4 min read · 29 July 2015
