Sofinnova Ventures has raised $595.5 million for its tenth fund, according to an SEC filing. The target is $650 million. The biopharmaceutical venture firm closed its ninth fund at a hard cap of $500 million in July 2014.
1 min read · 24 August 2016
Bellevue, Washington-based Auth0, a universal identity platform, has secured $15 million in Series B funding. Trinity Ventures led the round. In conjunction with the funding, Karan Mehandru, a general partner at Trinity, has been added to Auth0's board of directors.
4 min read · 24 August 2016
Asia-based alternative payment solutions provider Coda Payments has raised $2 million in funding. The investors included IMJ Investment Partners, GMO Global Payment Fund and Golden Gate Ventures.
2 min read · 24 August 2016
San Francisco-based optimization startup SigOpt has raised $6.6 million in Series A funding, the company announced in a blog post on its site. Andreessen Horowitz led the round with participation from Data Collective, SV Angel, Stanford University and Blumberg Capital.
1 min read · 24 August 2016
Prenav has raised $6.5 million in seed financing. Crosslink Capital led the round with participation from Haystack, Liquid 2 Ventures and WI Harper Group. Based in San Carlos, California, Prenav is an automated system developer focused on capturing data about the world’s infrastructure using small aerial robots.
1 min read · 24 August 2016
San Francisco-based DroneDeploy, a cloud software platform for commercial drones, has secured $20 million in Series B financing. Scale Venture Partners led the round with participation from other investors that included High Alpha Capital. In addition to the funding, Rory O'Driscoll has been added to DroneDeploy's board of directors.
1 min read · 24 August 2016
Lexington, Kentucky-based Fooji, a real-time fan engagement platform, has raised $800,000 in seed funding. Dundee Venture Capital led the round with participation from KGC Capital.
1 min read · 24 August 2016
New Orleans-based venture firm Valmiki 504 LLC has hired Neil Gibbons as a venture partner to launch and run its business incubator Ceres 504. Gibbons is a chair emeritus of New Orleans startup incubator Propeller.
3 min read · 24 August 2016
Boston-based Bedrock Data, a data integration platform for businesses, has named Thor Johnson as CEO. Previously, Johnson worked at Intralinks where he was the chief marketing officer and at Eloqua where he was the chief marketer. Bedrock Data's backers include .406 Ventures.
3 min read · 24 August 2016
Canton, Michigan-based Fusion Coolant Systems, a provider of carbon dioxide cooling and lubrication to metal cutting and forming applications, has raised $1.25 million in Series B funding. MINTS, the direct venture program of the University of Michigan’s investment office, led the round with participation from Amherst Fund LLC.
1 min read · 23 August 2016
