ZIRX, a provider of on-demand valet and related car services, said today it has closed its $30 million Series B financing led by Bessemer Venture Partners. Existing investors Norwest Venture Partners and Trinity Ventures also participated in the round. The San Francisco-based company has now raised $36.4 million in total funding, following a $6.4 million Series A round last September. The company has operations in San Francisco, Los Angeles, Seattle and Washington, D.C.
3 min read · 22 April 2015
Los Gatos, Calif.-based startup Stringify, which calls itself an Internet of Everything company, announced it has come out of stealth and raised $6.3 million in seed funding led by ARTIS Ventures. OurCrowd and other private investors also participated in the funding. The company was co-founded by CEO Mike Yurochko, CTO Dave Evans and CCO Yaron Sheba. Evans was most recently at Cisco, where he served as the chief futurist, blogging about the Internet of Things.
2 min read · 21 April 2015
Three new VC-backed companies debuted in March, bringing the total number of new offerings in Q1 to 15
2 min read · 20 April 2015
Institutional Venture Partners has led a $57.5 million Series B funding round in Vessel, a new video service that launched in recent weeks. Vessel’s current investors Benchmark Capital, Greylock Partners and Bezos Expeditions all participated in the round. The San Francisco-based company, co-founded by former Hulu executives Jason Kilar and Richard Tom, previously raised $75 million in funding.
1 min read · 17 April 2015
Boston-based .406 Ventures, an investor in Veracode and Ambient Devices, is seeking to raise $200 million for its third fund, according to a regulatory filing.
1 min read · 16 April 2015
Oakland-based npm Inc, a provider of software tools for JavaScript developers, has raised $8 million in a Series A round. Bessemer Venture Partners led the round, which included True Ventures. As part of the funding, Bessemer Partner Ethan Kurzweil has joined the company board.
4 min read · 14 April 2015
Eaze, which provides an on-demand marijuana delivery service, has raised $10 million in Series A funding that was led by DCM Ventures. Fresh VC, 500 Startups and others, including Casa Verde Capital, the venture outfit of Snoop Dogg. San Francisco-based Eaze previously raised $1.5 million in seed funding in November. The company was founded by CEO Keith McCarty, an early employee of Yammer. As part of the Series A round, Eaze has added DCM Ventures General Partner David Chao to its board of directors.
3 min read · 14 April 2015
Vanessa Colella of Citi Ventures talks about the value-add trend among venture firms and how hers is a women-led fund.
4 min read · 13 April 2015
Vanessa Colella of Citi Ventures talks about the value-add trend among venture firms and how hers is a women-led fund
3 min read · 10 April 2015
Cloud security company Palerra announced it has raised $17 million in Series B funding led by new investor August Capital. Current investors Norwest Venture Partners, Wing Venture Capital and Engineering Capital also participated in the round. Palerra (formerly known as Apprity) emerged from stealth last November and has now raised $25 million in total funding. As part of the Series B funding, Vivek Mehra, general partner at August Capital, has joined the board.
3 min read · 08 April 2015
