San Francisco-based Webgility, a provider of ecommerce accounting automation software for small- and medium-sized businesses, has received $2.5 million in funding. The investor was SaaS Capital. According to the company, the capital infusion will be used for expansion, personnel hiring and product development.
3 min read · 12 March 2015
Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm's site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm's software team and help entrepreneurs. According to Crunchbase, 21 has just raised $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the firm's site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here.
1 min read · 12 March 2015
Seattle-based Spaceflight Industries, a provider of next-generation space products and solutions, has raised $20 million in Series B funding. RRE Venture Capital and Vulcan Capital led the round with participation from Razor's Edge Ventures. In addition to the funding, the following have been added to Spaceflight's board of directors: Charles Beames, president of Vulcan Aerospace; Will Porteous, general partner of RRE Ventures; and Richard Fade, a partner at Ignition Partners.
4 min read · 11 March 2015
New York-based messaging platform VaporChat has received $1.5 million in seed funding. The round was led by a consortium of investors that included Ed Wise, SVP, managing director of branded content at Turner Broadcasting.
3 min read · 11 March 2015
San Francisco-based digital-first music talent platform StarMaker has secured $6.5 million in Series B funding. Raine Ventures led the round with participation from other investors that included Crosscut Ventures, Three Bridges Ventures, Qualcomm Ventures, iGlobe Partners and GREE International.
4 min read · 11 March 2015
Vienna, Austria-based mySugr, which provides digital health solutions for people with diabetes, has raised $4.8 million in funding, the company said in a statement on its site. Roche Ventures and iSeed Ventures led the round with participation from return backer XLHealth. To read the announcement, visit here.
1 min read · 11 March 2015
Event-planning company Splash has raised $6 million in funding. Spark Capital led the round. Also, Splash has named Melissa Wallace as vice president of marketing.
3 min read · 11 March 2015
Recurring billing software provider ChargeBee has raised $5 million in Series B funding. Tiger Global led the round with participation from return backer Accel Partners.
2 min read · 11 March 2015
Hyde Park Venture Partners has named Tim Kopp partner and managing director of the Indianapolis office. Kopp is a former CMO of ExactTarget. He first joined Hyde Park last year as an advisor and venture partner.
2 min read · 11 March 2015
Cardiac Dimensions, a developer of minimally invasive treatments that address heart failure and related cardiovascular conditions, has raised $15.2 million in funding. The investors included Life Sciences Partners, Aperture Venture Partners, Lumira Capital, M.H. Carnegie & Co. and Arboretum Ventures.
3 min read · 11 March 2015
