New York City-based Hakka Labs, an engineering community for tech companies and professionals, has raised $500,000 in funding. The investors included Y Combinator partner Ali Rowghani, Social Starts and Azure Capital.
3 min read · 19 February 2015
Atlanta-based Pindrop Security, a provider of phone fraud prevention and call center authentication solutions, has closed $35 million in Series B financing. Institutional Venture Partners led the round with participation from return backers Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network. In conjunction with the funding, Somesh Dash, a general partner at IVP, will join Pindrop Security's board of directors.
4 min read · 19 February 2015
New York City based-automated investing service Betterment has raised $60 million in funding. Francisco Partners led the round with participation from other investors that included Bessemer Venture Partners, Menlo Ventures and Northwestern Mutual Capital. In addition to the funding, Betterment has named Peter Christodoulo of Francisco Partners to its board of directors.
3 min read · 19 February 2015
Salt Lake City-based Lineagen Inc, a molecular diagnostics company focused on childhood development disorders, has closed $15.8 million in Series C funding. The investors included HealthQuest Capital, Petra Capital Partners, Mountain Group Partners. Sanderling Ventures, Signal Peak Ventures, PrairieGold Venture Partners, Mesa Verde Venture Partners and KickStart Ventures. In addition to the funding, Dr. David S. Kabakoff, a partner at HeathQuest Capital and David Fitzgerald of Petra Capital have been added to Lineagen's board of directors.
4 min read · 18 February 2015
Snapchat, a Los Angeles-based photo messaging app, is seeking to raise as much as $500 million in venture funding, reports Bloomberg News.
1 min read · 18 February 2015
Lexington, Massachusetts-based Inotek Pharmaceuticals Corp, a biopharmaceutical firm focused on developing treatments for glaucoma, has debuted its IPO after pricing its over 6.6 million shares at $6 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol "ITEK." Cowen and Company LLC and Piper Jaffray & Co are serving as the lead underwriters. Inoteck's backers include Devon Park Bioventures, Rho Ventures, Care Capital, Medimmune Ventures, Pitango Venture Capital and Horizon Technology Finance Corp.
4 min read · 18 February 2015
Davis, California-based Arcadia Biosciences, an agricultural products developer, has filed for an IPO. The number of shares that will be sold as well as the stock's price range have yet to be set. Arcadia plans on trading its IPO on the NASDAQ under the ticker symbol "RKDA." Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC will be serving as the lead underwriters. Arcadia's backers include Mandala Capital Limited, CMEA Capital, BASF Venture Capital and Saints Capital.
2 min read · 18 February 2015
Sunnyvale, California-based Springpath, a provider of enterprise-grade storage and data management software, has raised $34 million from Sequoia Capital, New Enterprise Associates and Redpoint Ventures. Springpath has been in stealth mode since May 2012.
3 min read · 18 February 2015
London-based Onfido, which specializes in providing background checks for companies, has secured $4.5 million in Series A funding, the company announced in a blog post on its site. Wellington Partners led the round with other investors that included CrunchFund. According to Onfido, the capital infusion will be used for personnel hiring and technology development. To read the announcement, visit here.
1 min read · 18 February 2015
Redwood City, California-based BlueTalon, a provider of data entitlement solutions for Hadoop, has received $5 million in funding. The investors were Signia Venture Partners, Biosys Capital, Bloomberg Beta, Stanford-StartX Fund, Divergent Ventures, Berggruen Holdings and Data Collective.
4 min read · 18 February 2015
