Fintech-focused Nyca Partners has raised $129 million for its third fund, which is targeted at $200 million, according to a regulatory filing. The filing says Nyca has raised the commitments from 47 investors. The New York firm, which was launched in 2014 by Managing Partner Hans Morris, a long-time Citigroup banker and former president of Visa, raised $125 million for its previous fund.
1 min read · 01 August 2018
Somerville, Massachusetts-based Formlabs, maker of 3D printing systems, announced it has raised $15 million in funding from New Enterprise Associates. The company, which has now raised more than $100 million, said the investment values the company at more than $1 billion. Formlabs also said it appointed Jeff Immelt, former chairman and CEO of General Electric Company, to its board.
1 min read · 01 August 2018
Redwood City, California-based Naked Labs Inc, provider of a 3D-body scanner for use in the home, announced it has raised $14 million in Series A funding led by Founders Fund. Also in the round are New Enterprise Associates, Lumia Capital, Venture 51, Seabed VC and others. The company, founded in 2014, also said it received personal investment from Founders Fund Partner Cyan Banister, who is on the Naked Labs board.
1 min read · 01 August 2018
San Francisco-based Mammoth Biosciences, which develops CRISPR-based disease detection platform, announced it has raised $23 million in Series A funding. Mayfield led the round, which included participation from NFX and 8VC. The company, which was founded in 2017 and came out of stealth mode earlier this year, previously raised seed funding from NFX.
1 min read · 01 August 2018
San Francisco-based Brandless, operator of an ecommerce site selling unbranded food products and consumer goods, announced it has raised $240 million in Series C funding that was led by SoftBank's Vision Fund. Existing investors New Enterprise Associates, Redpoint Ventures, GV and Sherpa Capital also participated in the round. Jeffrey Housenbold and Justin Wilson of SoftBank Investment Advisors have joined the board. The company, founded in July 2017, previously raised about $50 million.
1 min read · 31 July 2018
San Francisco-based Xwing, an autonomous aviation company, announced it has raised $4 million in seed-stage funding. Eniac Ventures led the round, which included Array Ventures and angels and aviation buffs, including John and Patrick Collison, founders of Stripe, as well as the tech executive Nat Friedman, currently with Xamarin. Xwing was founded in 2016 by Marc Piette.
1 min read · 31 July 2018
San Francisco-based Fuel Capital, which raised more than $46 million in 2016 for its second fund, is seeking to raise $75 million for its third early-stage fund, according to a regulatory filing. Listed as partners on the filing are Founding Partner Chris Howard, a former seed-stage investor at Ignition Partners, and Leah Busque, the TaskRabbit founder who joined the firm last fall as its second general partner.
1 min read · 30 July 2018
2 min read · 26 July 2018
Early-stage investor Ignition Partners announced that Preeti Rathi and Kellan Carter have each been promoted to partner. Rathi joined the firm in 2016 as a principal with a focus on machine learning and artificial intelligence Previously, she was a principal at Opus Capital. Carter joined the firm in 2013 as an associate, working on business development, staffing and strategy for portfolio companies. Previously, he was in investment banking at Mooreland Partners.
1 min read · 25 July 2018
Denver-based Guild Education, a provider of an education benefits platform for working adults, announced it has raised $40 million in Series C funding. Felicis Ventures led the round, with additional investment from Salesforce Ventures, Workday Ventures, Rethink Impact & Education and Silicon Valley Bank. Existing investors Bessemer Venture Partners, Redpoint Ventures, Harrison Metal and Cowboy Ventures also joined the round. The company, founded in 2015, has now raised $71.5 million in total funding. As part of the latest round, Wesley Chan, managing director at Felicis, has joined the board.
1 min read · 25 July 2018
