Portland, Oregon-based Torch 3D, provider of an augmented and virtual reality prototyping platform, has raised $3.5 million in an initial seed round led by the Venture Reality Fund and Silicon Valley Data Capital. Additional investors include Seven Peaks Ventures, GVR Fund, Presence Capital, Antipodean Ventures, Jerome Capital and TWB Investment Partnership. Torch 3D was founded in January 2017 by Paul Reynolds and Josh Faust, who previously led Magic Leap’s SDK and Applications efforts, along with veteran cloud and infrastructure entrepreneur Antony Falco. The financing will be used to complete its beta offering for public release and expand its team.
1 min read · 17 October 2017
4 min read · 16 October 2017
San Mateo, California-based LimeBike, provider of a dockless bike-sharing service, announced it has raised a $50 million Series B round of funding. Coatue Management led the round, which also included GGV Capital, Franklin Templeton Investments, Section 32, AME Cloud Ventures and the Stanford-StartX Fund, as well as previous investors Andreessen Horowitz and DCM Ventures. As part of the funding, Coatue Partner Thomas Laffont has joined the board of directors. LimeBike has now raised $62 million in total funding.
1 min read · 16 October 2017
Ben Narasin has officially has joined New Enterprise Associates as a venture partner.
2 min read · 12 October 2017
San Francisco-based Creative Market, provider of an online marketplace for designers and independent artists, announced it has raised $7 million in Series A funding. Accomplice led the round, which included Palm Drive Capital and angel investors Patrick Lor, Don Parker and Gabriel Hammond. The financing completes the company's spin out from Autodesk, three years after the acquisition. Autodesk will retain a minority stake in the company.
1 min read · 11 October 2017
Boston-based SidelineSwap, provider of an online marketplace for sports gear and equipment, said it has raised $2 million in a seed extension. Investors include Global Founders Capital, Haystack Partners, Riverpark Ventures and Fullstack Sports Ventures. Other investor sin the round include former Etsy CEO of Maria Thomas and The Players’ Impact, a group of Olympians and professional athletes. The company has now raised about $4 million in total funding.
1 min read · 11 October 2017
San Mateo, California-based Brilliant, provider of smart home automation products, said it raised $21 million in a Series A round of funding. August Capital led the round, which included Miramar Ventures, The Box Group and the Stanford-StartX Fund. As part of the investment, August Capital General Partner David Hornik has joined the board.
1 min read · 11 October 2017
The Netherlands-based Withlocals, provider of a marketplace for personalized travel experiences, announced it has raised $4.1 million in Series A funding. Inkef Capital led the round. Part of the funding will be used for expansion, including in New York and San Francisco. Founded in 2013, about 40 percent of Withlocals’ bookings are from North America. "The fact that Withlocals is an online marketplace means that the business model is extremely scalable from an internationalization point of view and it is rather straightforward to actually target the American travelers," said Kyang Yung, a director at Inkef Capital.
1 min read · 11 October 2017
San Francisco-based Ascendify, provider or a talent acquisition platform, has raised $11 million in a Series A round led by Canaan Partners. GE Ventures and Cisco Investments, who were customers of Ascendify prior to investing, also participated in the financing. As part of the funding, Deepak Kamra, general partner at Canaan, has joined the board.
1 min read · 09 October 2017
3 min read · 06 October 2017
