Recommendation engine Qloo announced it has closed a $3 million round of seed funding, which includes a recently raised $1.6 million infusion from angel investors Samih Toukan and Hussam Khoury, founders of Maktoob, and Tommy Thompson, founding partner of Cross Creek Pictures. They join investors from Kindler Capital and celebrity investors Danny Masterson and Cedric the Entertainer in the seed round. None of the investors have joined the board, which already includes Jason Calacanis.
3 min read · 14 November 2013
OneSpot, an Austin, Texas-based company provider that aggregates advertising content for online publishers, has raised a $5.3 million Series A round led by Mohr Davidow Ventures. Mack Capital, RSL Ventures, Capital Factory and Bazaarvoice co-founder Brett Hurt also participated in the round. OneSpot said it has now raised $6.8 million in total funding. As part of the funding, Bryan Stolle, general partner of Mohr Davidow, has joined the board.
4 min read · 14 November 2013
Scanadu, a developer of personalized health electronics, has raised $10.5 million in Series A funding that was led by Relay Ventures. Other investors include Tony Hsieh’s VegasTechFund, Jerry Yang’s Ame Cloud Venture, Broe Group, Mindful Investors and Redmile Group. Scanadu previously raised $1.7 million in a crowdfunding campaign on the Indiegogo platform that was launched in May. The company has now raised $14.7 million in funding to date. Scanadu, which is based at the NASA Ames Research Center in Moffett Field, Calif., makes a medical sensor device inspired by the tricorder on "Star Trek" to diagnose information about a patient, such as cardiovascular health. Scanadu founder and CEO Walter De Brouwer told peHUB that the company expects to begin shipping in March.
5 min read · 12 November 2013
Quorum, a San Jose, Calif.-based provider of backup, recovery and continuity services, has raised $10 million in Series C funding. The round was led by Toba Capital and included Airtek Capital Group and several angel investors. Quorum has now raised a total of $36 million in funding. In addition, Walter Angerer, a venture partner at Toba Capital, has been named interim CEO, and tech entrepreneur veteran Paul Sallaberry, a venture partner at Jafco ventures and onetime board member of Quest Software, has joined the Quorum board.
3 min read · 12 November 2013
Good.co, which provides users with a personality profile test for the workplace, has raised $1.3 million in seed funding from Cloud Power Fund, The London Fund, Norwest Venture Partners, Playfair Capital and Talent Equity Ventures.
2 min read · 12 November 2013
The Honest Company, which operates site to sell natural, non-toxic products, has raised a $25 million round that was led by Institutional Venture Partners. ICONIQ Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners also participated in the round. The Los Angeles-based company, co-founded by actress Jessica Alba, has now raised $52 million in financing.
4 min read · 11 November 2013
Jack Dorsey’s payment company talking to potential underwriters about a 2014 deal
1 min read · 07 November 2013
VC vets Charles Beeler and Jeff Hinck have announced this morning that their new venture firm Icon Venture Partners has launched with $100 million in committed capital to invest in early-stage enterprise tech companies. Beeler, who most recently was with El Dorado Ventures, told pehub that he and Hinck, who co-founded Vesbridge Partners, began raising the fund early last year. He said about 80% of the capital came from traditional LPs, such as endowments and foundations, while the remaining fund was raised from a group of 80 enterprise tech professionals worldwide, who each invested in the fund and have formed the Icon Technology Partners group. Beeler said the group of 80, which includes Larry Abramson, Marc Brown, Paul Denning and others, will serve in advisory roles and sit on company boards. Beeler said he expects the firm to make from 20 to 25 seed and Series A investments a year. Beeler will be based in Menlo Park, Calif., while Hinck is in Minnetonka, Minn.
4 min read · 06 November 2013
Gainsight, which develops customer-focused software, has raised a $20 million Series B round of funding led by Bain Capital Ventures. Existing investors Battery Ventures and Summit Partners also participated in the round. The Mountain View, Calif.-based company has now raised $30 million in total funding. As part of the latest round, Ajay Agarwal, managing director at Bain Capital Ventures, has joined the board.
4 min read · 06 November 2013
Cloud-based storage infrastructure developer Coho Data raised a $25 million Series B round of funding that was led by new investor Ignition Partners and included existing investor Andreessen Horowitz. As part of the funding, Frank Artale, managing director of Ignition, has joined the board, which already includes Peter Levine, partner of Andreessen Horowitz. Coho, founded by veterans of XenSource, emerged from stealth in mid-October.
4 min read · 05 November 2013
