Boston-based SidelineSwap, which provides an online marketplace for athletes to buy and sell sports gear and equipment, said it has raised $5 million in Series A funding. Global Founders Capital led the round, with participation from David Robinson’s Admiral Capital, Peak6 Sports, RiverPark Ventures, FJ Labs and The Player’s Impact, a group of professional athletes and Olympians. The company, founded in 2015, has now $8.9 million in total funding.
3 min read · 24 April 2018
4 min read · 24 April 2018
San Francisco-based SalesHero, which provides an AI-powered sales assistant, announced it has raised $4.5 million in seed funding from Baidu Ventures, CometLabs and CherryVentures. Signals Venture Capital, an enterprise-focused fund investor based in Berlin, also participated in the round. The company was founded last year by CEO Stefan Groschupf, former CEO and founder of Datameer.
1 min read · 24 April 2018
Somerville, Massachusetts-based Formlabs, which develops 3D printers, has raised $30 million in a Series C round of funding led by Tyche Partners. The round also includes participation from Shenzhen Capital Group and UpNorth Investment Limited and existing investors DFJ, Pitango and Foundry Group. The company, which has now raised $85 million in total funding, was founded in 2012 by a trio of engineers and designers from MIT.
1 min read · 23 April 2018
New York-based Venrock has raised $400 million for Venrock Healthcare Capital Partners III, the firm's public and cross-over biotech fund. Venrock raised $200 million for the prior fund in 2014 and $450 million for its eighth main fund in 2016. The cross-over fund is led by Bong Koh and Nimish Shah, according to a regulatory filing.
1 min read · 23 April 2018
5 min read · 20 April 2018
New York-based RubiconMD, which provides a digital consult platform to connect primary care doctors with specialists, announced it has raised $13.8 million in a Series B round. HLM Venture Partners and Optum Ventures led the round, which included Centene Corporation and Blue Ivy Ventures, along with all participating investors from their Series A. RubiconMD, launched in 2013, raised a $4 million Series A round in mid-2016.
1 min read · 19 April 2018
London-based BenevolentAI, which applies artificial intelligence to develop new medicines to treat diseases, announced it has raised $115 million in new funding at a pre-money valuation of $2 billion. Not all investors were disclosed, but the company said backers in the latest round include existing investor Woodford Investment Management, as well as new investors from the United States. The company has now raised more than $200 million since it was founded in 2013.
1 min read · 18 April 2018
Santa Monica, California-based Tala, maker of a smartphone app that provides credit scoring, lending and other personalized financial services for underserved consumers, has raised a $50 million Series C round led by Revolution Growth. Others participating in the round include existing investors IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company, founded by CEO Shivani Siroya in 2011, also recently raised an additional $15 million in debt as it aims to grow its business in Mexico and India. Tala has now raised a total of $105 million in financing. As part of the latest investment, Steve Murray, managing partner at Revolution Growth, has joined the board.
1 min read · 18 April 2018
Austin, Texas-based SLK Venture Capital is seeking to raise $24.5 million for its inaugural fund, according to a regulatory filing. The firm, led by Steve Kuhn, invests in undercapitalized sectors and geographies, according to its website at www.slkventurecapital.com.
1 min read · 18 April 2018
