Abu Dhabi-based investment group ADFG has made a strategic investment in the worldwide seed-stage firm 500 Startups. The amount of the investment is undisclosed. 500 Startups said the investment will help it scale faster, enter new markets and anchor future global funds. As part of the investment, ADFG will join 500's board.
4 min read · 03 April 2018
Palo Alto, California-based Fyde, a cybersecurity company focused on phishing attacks on mobile devices, has emerged from stealth and announced it has raised $3 million in seed-stage funding from Draper Nexus and Vertex Ventures. The company, founded in 2017, is led by CEO Sinan Eren. Eren previously was co-founder of Remotium, which Avast acquired in 2015.
1 min read · 03 April 2018
3 min read · 02 April 2018
Boston-based Flipside Crypto, which uses algorithms to analyze liquid cryptocurrencies, announced it has raised $3.4 million in venture funding. True Ventures led the round, which included The Chernin Group, Resolute Ventures, Boston Seed Capital, Converge and Founder Collective. As part of the funding, True Ventures Partner Adam D’Augelli has joined the board. The company was founded in mid-2017 and is led by CEO Dave Balter, CTO Jim Myers and Eric Stone, head of data science.
1 min read · 28 March 2018
San Francisco-based Intercom, which provides a messaging platform for businesses to connect with its customers, announced it has raised $125 million in Series D funding with a post-money valuation of $1.275 billion. Kleiner Perkins led the round with participation from GV and others, including Bessemer Venture Partners and Index Ventures. As part of the funding, Mary Meeker of Kleiner Perkins will serve as board observer. The company, founded in 2011 by Eoghan McCabe, Des Traynor, Ciaran Lee and David Barrett, has now raised $240 million in total funding.
1 min read · 27 March 2018
Lightspeed Venture Partners, which last year saw exits in the unicorn companies AppDynamics, Mulesoft and Snap, is seeking to raise $1.8 billion for Lightspeed Venture Partners Select III, according to a regulatory filing. In 2016, the firm raised more than a combined $1.2 billion for two funds, including $715 million for its 11th early-stage fund and $500 million for Lightspeed Venture Partners Select II. The Select Fund invests in follow-on rounds, primarily in existing Lightspeed portfolio companies.
1 min read · 27 March 2018
Lightspeed Venture Partners announced that it has added Semil Shah as venture partner. Shah is founder and sole GP of the seed-stage investment firm Haystack, which has backed DoorDash, Giphy and Instacart, among others. Lightspeed said that Shah will continue to run Haystack while serving as venture partner at the firm.
1 min read · 22 March 2018
Skycision, which provides a data platform that leverages drone and satellite imagery to help farmers manage crops, announced it has raised $1.1 million in seed-stage funding. The round was led by Innova Memphis, and other investors, including Dane Scurich, with Scurich Berry Farms and Pete Nelson with AgLaunch, a Memphis-based Accelerator. The company was founded in 2015 by CEO Brendan Carroll.
1 min read · 19 March 2018
San Francisco-based RapidAPI, provider of an API marketplace for developers, announced it has raised $9 million in Series A funding. Andreessen Horowitz led the round, which included SV Angel, Green Bay Capital and Tony Jamous, co-founder and CEO of Nexmo. The company, which also has offices in Tel Aviv and Kiev, has now raised $12.5 million in total funding. As part of the latest round, Andresseen Horowitz Partner Martin Casado is joining the board.
1 min read · 15 March 2018
Seattle-based Skilljar, which provides a learning management platform for companies to educate customers and partners, announced it has raised $16.4 million in Series A funding. New investors Mayfield and Shasta Ventures participated in the round with existing investor Trilogy Equity Partners. As part of the funding, Rajeev Batra of Mayfield and Doug Pepper of Shasta have joined the board. Skilljar, previously raise $2.6 million in seed-stage funding from Trilogy, was founded by Amazon veterans Sandi Lin and Jason Stewart.
1 min read · 14 March 2018
