Zirx will close its consumer on-demand parking service, saying in a statement that the business is too hard to scale to profitability. The San Francisco-based startup will continue to run its enterprise logistics and fleet business. Zirx has raised $36.4 million from investors including Bessemer Venture Partners and BMW i Ventures.
1 min read · 05 February 2016
One Medical Group acquired venture capital-backed Rise, a nutrition-coaching app, for an undisclosed amount. Rise investors include Google Ventures, Greylock Partners and Cowboy Ventures.
3 min read · 05 February 2016
Albion Ventures LLP led a 1.65 million pound ($2.39 million) funding round for InCrowd Sports, a London-based mobile fan engagement and sports marketing company. UK-based entertainment company Sky and a number of angel investors also participated.
2 min read · 05 February 2016
MMC Ventures led a $6 million Series B financing round for London-based Admedo, a programmatic advertising platform. In 2014 Admedo raised $2 million in a Series A funding round led by Sussex Place Ventures.
3 min read · 04 February 2016
BeON Home, creator of a Bluetooth Smart-enabled home protection system, secured a $2.9 million in additional capital. The round, which was led by Jopeko LLC, brings BeON’s total investment to date to nearly $5 million.
2 min read · 04 February 2016
San Francisco-based Fit Pay Inc, a payment platform for wearable devices, raised $3.1 million in seed funding from security company Giesecke & Devrient. Plug and Play Tech Center, a startup accelerator, also participated in the round.
2 min read · 04 February 2016
FirstFloor Capital led a $3.35 million Series A funding round in WiSilica, an internet of things platform based in Alison Viejo, California. Anchor Asia Management, Aurotek and several of the company’s original angel investors also participated.
3 min read · 04 February 2016
Opendoor, an online marketplace for real estate, launched in Dallas with $80 million in Series C funding. Investors include Khosla Ventures, Access Venture Partners, GGV Capital, SVB Capital and others. The round brings Opendoor’s total financing to more than $110 million.
3 min read · 04 February 2016
Zendrive, a mobile technology company that collects data and analytics on drivers’ behavior, raised $13.5 million in Series A funding. Shervin Pishevar of Sherpa Capital led the round with participation from Nyca Partners, Thomvest Ventures, BMW i Ventures and others. The round brings Zendrive’s total investment up to $15 million.
3 min read · 04 February 2016
Providence Equity Partners invested $96 million in Skybox Security, a cyber security firm, through its growth equity affiliate Providence Strategic Growth. Founded in 2002, San Jose, California-based Skybox has raised $138 million to date.
4 min read · 03 February 2016
