ARMO BioSciences has closed $50 million in Series C funding. The investors included Kleiner Perkins Caufield & Byers, OrbiMed, DAG Ventures, NanoDimension, HBM Healthcare Investments, GV (formerly Google Ventures), Celgene Corporation, Industrial Investors Group and certain private investment funds advised by Clough Capital Partners LP. Based in Redwood City, Calif., ARMO BioSciences develops immunotherapies that treat cancer, fibrosis, hypercholesterolemia/atherosclerosis and inflammatory diseases.
4 min read · 10 February 2016
Karma Ventures has raised 40 million euros (about $45 million) for its Luxembourg-based debut fund that targets European startups. The pool's investors include Ambient Sound Investments and the Baltic Innovation Fund.
5 min read · 10 February 2016
San Francisco-based SchoolMint, a provider of mobile and online enrollment and school choice systems for PreK-12 public, charter and private schools, has secured $5.6 million in funding. Runa Capital led the round with participation from other investors that included Reach Capital (New Schools), Fresco Capital, Govtech Fund, Kapor Capital, Crosslink Capital, Maiden Lane Ventures and CSC Upshot. In addition to the funding, Andre Bliznyuk of Runa Capital has been added to SchoolMint’s board.
3 min read · 10 February 2016
San Francisco-based Sunverge Energy, a provider of intelligent storage and distributed energy resource management, has raised $36.5 million in Series C financing. The investors were AGL Energy Ltd, the Australian Renewable Energy Agency, SBCVC, Siemens Venture Capital and Total Energy Ventures International. In conjunction with the funding, AGL's Andy Vesey and Alistair Preston have been added to Sunverge's board of directors.
3 min read · 10 February 2016
Doug Pepper has joined Shasta Ventures as a managing director. Previously, Pepper worked at InterWest Partners.
3 min read · 10 February 2016
New York City-based Latch, a universal smart access system for businesses, consumers and hospitality users, has secured $10.5 million in Series A funding. Lux Capital led the round with participation from other investors that included Primary Venture Partners, Corigin Venture Partners, Camber Creek, Expansion Ventures and PCH.
3 min read · 10 February 2016
Boston-based cyber security company Hexadite has raised $8 million in Series A funding. The investors were Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures. In addition to the funding, Mark Hatfield, co-founder and general partner at Ten Eleven Ventures, has been named to Hexadite's board of directors.
3 min read · 10 February 2016
Healthcare payment solution SwervePay has closed $10 million in Series B funding. Garland Capital Group led the round.
3 min read · 09 February 2016
London and San Francisco-based Digital Shadows, a provider of "cyber situational awareness," has raised $14 million in Series B funding. Trinity Ventures led the round with participation from Storm Ventures, TenEleven Ventures, Passion Capital and Paladin Capital Group. In addition to the funding, Fred Wang, a general partner at Trinity Ventures, has been added to Digital Shadows' board of directors.
3 min read · 09 February 2016
San Francisco-based Trifacta, a provider of data wrangling solutions, has secured $35 million in funding. The investors were Accel Partners, Greylock Partners, Ignition Partners and Cathay Innovation.
4 min read · 09 February 2016
