Fort Lee, New Jersey-based Cross River Bank, a financial services company, has closed $28 in funding. Battery Ventures led the round with participation from Andreessen Horowitz and Ribbit Capital. In addition to the funding, Scott Tobin, a general partner at Battery Ventures, has been added to Cross River's board of directors.
1 min read · 01 November 2016
Ripple, a financial settlement solutions provider, has named Brad Garlinghouse to succeed Chris Larsen as CEO. Garlinghouse's appointment becomes effective January 1, 2017. Larsen will transition from CEO to executive chairman of Ripple's board of directors. Ripple's backers include Standard Chartered, Accenture Ventures, SCB Digital Ventures and SBI Holdings.
4 min read · 01 November 2016
San Diego-based Classy, a fundraising platform for social enterprises, has raised $30 million in Series C financing. JMI Equity led the round with participation from return backers Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures.
1 min read · 01 November 2016
Battery Ventures has agreed to buy UK-based Michell Instruments Group, a maker of moisture and humidity measurement solutions. No financial terms were disclosed.
3 min read · 01 November 2016
Salt Lake City-based Venafi, a cyber security company, has hired Francois Delepine as chief financial officer. Previously, Delepine was CFO of Trimble Navigation. Venafi's backers include Foundation Capital, Intel Capital, Origin Partners, Pelion Venture Partners, QuestMark Partners, Mercato Partners and Silver Lake Partners
2 min read · 01 November 2016
Hain Celestial, an organic and natural products company, has launched its new Cultivate Ventures platform. No financial terms were disclosed. Cultivate will focus on investing in lifestyle brands as well as incubating smaller acquisitions.
4 min read · 01 November 2016
Boulder, Colorado-based Miragen Therapeutics, a biopharmaceutical company, has raised $40 million in funding. The investors included Fidelity Management and Research Company, Brace Pharma Capital, Atlas Venture, Boulder Ventures, JAFCO Co Ltd., MP Healthcare Venture Management, MRL Ventures and Remeditex Ventures. Also, in conjunction with the funding, Miragen has agreed to merge with Carlsbad, California-based Signal Genetics Inc, a molecular diagnostics company. No financial terms were disclosed. Cantor Fitzgerald is provider of financial advice to Signal on the deal. After the merger closes, Signal will be renamed Miragen Therapeutics, Inc and apply to list its new ticker symbol as "MGEN" on the NASDAQ.
7 min read · 01 November 2016
ConcertoHealth, a provider of healthcare services for frail and elderly patients, has closed $30 million in funding. Aboretum Ventures and Deerfield Management Company led the round. In conjunction with the funding, Leslie Henshaw, a partner at Deerfield, has been added to ConcertoHealth's board of directors while Tim Petersen, a managing director at Arboretum Ventures, remains chairman of the board.
1 min read · 01 November 2016
Kansas City, Kansas-based ShotTracker, a maker of basketball wearable tech, has appointed Marlon Nichols to its board of directors. Nichols is a founder and general partner at Cross Culture Ventures.
3 min read · 01 November 2016
Dialpad, a provider of cloud communications solutions for businesses, has named Marc Andreessen to its board of directors. Andreessen is a co-founder and general partner of Andreessen Horowitz.
3 min read · 01 November 2016
