New York City-based Work-Bench, an enterprise-focused venture fund and community, raised more than $46.2 million for its second fund, according to a regulatory filing. Work-Bench was co-founded by General Partners Jonathan Lehr and Jessica Lin in 2013. It is based in a 32,000-square-foot office in Union Square where it hosts events and operates an enterprise tech hub.
1 min read · 29 October 2018
San Leandro, California-based Geltor, which designs animal-and GMO-free designer proteins, including collagen, announced last week it raised $18.2 million in a Series A round of funding. Cultivian Sandbox Ventures led the financing, which included GELITA, ADM Ventures, Cavallo Ventures and Box Group. The company, founded in 2015, has now raised $23 million to date.
1 min read · 29 October 2018
2 min read · 26 October 2018
New York-based Spatial, which is developing augmented reality platform for remote collaboration, has emerged from stealth an announced it has raised $8 million in seed funding from firms and individuals. Investors include iNovia Capital, Garrett Camp with Expa, Samsung Next, Joi Ito, Mark Pincus and Andy Hertzfeld. The company was founded in 2016 by Anand Argarawala and Jinha Lee.
1 min read · 25 October 2018
San Francisco-based Teamable, which leverages social networks to operate a hiring platform, has raised $5 million in additional funds and acquired Simppler, which developed machine learning-based matchmaking technology that focuses on finding people to hire. Terms of the acquisition were not disclosed. Teamable raised the funds from new investor Foundation Capital and previous investors True Ventures and SaaStr Fund. The company has now raised $10 million since it was founded in 2013. Foundation was also an investor in Simppler, along with Greylock Capital. Simppler, which had raised more than $3 million in funding, was the brainchild of Vipul Sharma, who earlier in his career ran machine learning engineering at Eventbrite.
1 min read · 24 October 2018
1 min read · 23 October 2018
Santa Clara, California-based Ushur, a provider of a SaaS service engagement platform leveraging enterprise data, announced it raised a $12 million Series A round. 8VC led the funding, with participation from new and existing seed investors. As part of the funding, Pankaj Patel, former executive vice president and chief development officer of Cisco, and Bhaskar Ghosh, partner and CTO at 8VC, have joined the board. David Moskowitz, a principal at 8VC, has joined as a board observer.
1 min read · 23 October 2018
Icon Ventures, which backs Series B and C deals, announced it has expanded its current fund to $375 million from $265 million. Icon Managing General Partner Joe Horowitz said in a blog post the firm expanded its sixth fund to better compete in an environment that includes mega-funds and swelling round sizes. The firm said the expanded fund came with the support of current investors and by adding new investors, including Lexington Partners and the George Kaiser Family Foundation. Lexington Partners also completed a separate deal with Icon, acquiring all the remaining assets of Funds III and IV in a secondary transaction.
1 min read · 22 October 2018
Early-stage investor First Round Capital is seeking to raise $220 million for its seventh fund, according to a pair of regulatory filings. The fund is 25 percent larger than the $175 million it raised for fund VI in 2016. Since the last fund, the firm named Hayley Barna a general partner, promoting her from venture partner. She previously was co-founder and co-CEO of Birchbox.
1 min read · 19 October 2018
5 min read · 18 October 2018
