Early-stage venture firm Inventus Capital Partners has promoted Manu Rekhi and Rutvik Doshi to partners. Prior to joining Inventus, Rekhi worked at the NewsCorp's digital division where he served as the vice president of products while Doshi is the former CEO of e-commerce startup Taggle in Bangalore.
3 min read · 20 March 2015
Cambridge, Massachusetts-based biotech company Nimbus Therapeutics (formerly known as Nimbus Discovery) has closed $43 million in Series B funding. Pfizer Venture Investments and Lightstone Ventures led the round with participation from the company's previous backers that included Atlas Venture, SR One, Lilly Ventures and Bill Gates.
3 min read · 19 March 2015
Austin, Texas-based financial tech startup Honest Dollar has secured $3 million in seed funding. Expansive Ventures led the round.
3 min read · 19 March 2015
Seattle-based Rover.com, a network that connects dog owners with dog sitters, has raised $25 million in funding. Technology Crossover Ventures led the round with participation from return backers Foundry Group, Madrona Venture Group, Menlo Ventures and Petco. Also, Rover has appointed Jeremy Wacksman, Zillow's vice president of marketing and product management, to Rover’s board of directors.
4 min read · 19 March 2015
AppNexus has acquired New York-based Yieldex, a provider of forecasting and analytics tools for publishers. No financial terms were disclosed. Yieldex's backers included Triangle Peak Partners, Hearst Interactive Media. Sequel Venture Partners, Madrona Venture Group and FFP Holdings.
3 min read · 19 March 2015
Sequoia Capital China has made an undisclosed investment in EJ Wealth Management Inc, a Noah Holdings Limited subsidiary. EJ Wealth Management is an internet finance platform that provides financial products to China-based business professionals.
3 min read · 19 March 2015
Israeli startup Shadow, an open and crowdsourced platform on public opinion, has raised $3 million in funding, confirms a source at the company. The investors were the company's founders Eli Mashiah and Israel Mazin as well as unnamed major shareholders.
1 min read · 19 March 2015
San Francisco-based Fundbox, a cash flow optimization tool for small businesses, has received $40 million in Series B funding. General Catalyst Partners led the round with participation from other investors that included Khosla Ventures, Shlomo Kramer, Blumberg Capital and NyCa Investment Partners. Also, Hemant Taneja of General Catalyst has been added to Fundbox's board of directors. In addition to the Series B financing, Fundbox has also received a new credit facility from Silicon Valley Bank and other unidentified institutions. No financial terms were disclosed.
3 min read · 19 March 2015
Seattle-based Remitly Inc, an online remittance service, has secured $12.5 million in Series B funding. DFJ led the round with participation from DN Capital, QED Investors and Trilogy Equity Partners. In conjunction with the funding, William Bryant, a partner at DFJ, has been named to Remitly's board of directors. According to the company, the capital infusion will be used for personnel hiring, scaling marketing efforts, and service expansion.
4 min read · 19 March 2015
Silicon Valley-based cybersecurity company Vidder Inc has raised $12 million in Series B funding. LDV Partners led the round with participation from other investors that included Presidio Ventures, ONSET Ventures and Voyager Capital. In addition to the funding, Winston Fu, a general partner at LDVP, has been appointed to Vidder's board of directors.
3 min read · 19 March 2015
