Optoro has raised $40 million in debt funding from TriplePoint Venture Growth BDC Corp and Square 1 Bank. Based in Washington, DC and Maryland, Optoro is a platform for returned and excess inventory.
3 min read · 28 July 2015
New York City-based BioLite, a social enterprise that provides consumer energy products for off-grid communities, has secured $5 million in funding. The investors included Acumen, Clif White Road Investments, RRE Ventures, the Disruptive Innovation Fund, Deutsche Bank and USAID. In addition to the funding, Acumen’s Sachin Rudra has been named to BioLite’s board of directors.
5 min read · 28 July 2015
Deerfield Management Company LP has raised $550 million for its healthcare innovations venture fund. The limited partners of Deerfield Healthcare Innovations Fund LP include New York-Presbyterian Hospital, Memorial Sloan Kettering, Seattle Children's Hospital, the Robert Wood Johnson Foundation, Princeton University and Northwestern University. The fund will focus on backing "groundbreaking advancements in science that may lead to therapeutic interventions in genetic diseases, cancer, and orphan diseases" as well as healthcare technologies.
3 min read · 28 July 2015
London-based Secret Escapes, a luxury travel deals site, has raised $60 million in Series C funding. Google Ventures and Octopus Investments led the round with participation from return backers Index Ventures and Atlas Venture. Torch Partners was the advisor on the transaction.
4 min read · 28 July 2015
Houston-based electronics manufacturing platform MacroFab has secured $2 million in seed funding. Techstars Ventures led the round. In conjunction with the funding, Jason Seats of Techstars has been added to MacroFab's board of directors.
3 min read · 28 July 2015
San Francisco-based on-demand legal marketplace UpCounsel has raised $10 million in Series A funding. Menlo Ventures led the round with participation from other investors that included Homebrew and Metamorphic Ventures.
3 min read · 28 July 2015
China-based online lender China Rapid Finance has raised $35 million in Series C funding. Broadline Capital led the round. UBS Investment Bank served as the placement agent.
4 min read · 27 July 2015
Village Capital has raised $13.2 million for its newest fund. The limited partners of VilCap Investments include Jean and Steve Case and The Kapor Center for Social Impact. Founded in 2009, Village Capital "finds, trains, and funds entrepreneurs solving global problems," according to its website.
2 min read · 27 July 2015
Dynamite Labs, which allows people to share their stories on mobile video, has secured $1.6 million in Series Seed funding. Observatory Capital led the round with participation from other investors that included Scott Russell, co-founder of Softbank Technology Ventures.
4 min read · 27 July 2015
Vancouver, British Columbia-based Buyatab Online Inc, a digital gift card solutions provider, has secured undisclosed funding. The investors were not named.
2 min read · 27 July 2015
