Justworks, an HR and payments platform, raised $33 million in a Series C funding round led by Redpoint Ventures with participation from existing investors Bain Capital Ventures, Thrive Capital and Index Ventures. The round brings Justworks' total funding to $53 million.
2 min read · 11 March 2016
Avametric, which is developing a software platform to recreate the fitting room experience virtually, raised $10.5 million, which includes a recent Series A funding round led by Khosla Ventures. Keith Rabois, partner at Khosla, and Ivy Ross, vice president and head of project Aura at Google, joined the company's board. Khosla led Avametric's seed funding round, which included participation from Y-Combinator, among others.
3 min read · 10 March 2016
Mucker Capital launched Mucker III, a $45 million seed-stage venture capital fund. Like the firm's first two funds, Mucker III will invest in internet-enabled software and services startups with a focus on companies in the greater Los Angeles area. The fund will support seed-stage venture investments as well as pre-seed investments via MuckerLab, the firm's accelerator program.
3 min read · 10 March 2016
Bustle, a digital media property targeting millennial women, raised $11.5 million in additional funding. The investment round was led by Saban Capital Group with participation form GGV Capital. Existing investors Time Warner Investments, General Catalyst Partners, and Social Capital also participated. Richard Yen, managing director of private equity at Saban Capital, will join Bustle's board.
3 min read · 10 March 2016
San Francisco-based Penrose Studios, which makes virtual reality movies, raised an $8.5 million seed round led by Accelerate-IT Ventures with participation from TransLink Capital, Suffolk Equity, 8 Angel and several angel investors.
3 min read · 10 March 2016
New York-based Whistle Sports, a digital sports media content company, raised $20 million in Series C funding, according to a spokesperson at the company. Tegna Inc, formerly known as Gannett Co Inc, NBC Sports Ventures, the investment arm of NBC Sports Group, Sky and Emil Capital participated in the round. Whistle Sports raised $28 million in Series B funding in January 2015.
4 min read · 10 March 2016
Icertis, a provider of contract lifecycle management in the cloud, closed a $15 million Series B funding round led by Ignition Partners, with participation from existing investors Greycroft Partners and Fidelity Growth Partners India. John Connors, managing partner at Ignition and former CIO and CFO at Microsoft, will join the company’s board. The new round brings the company's total funding to $21 million.
3 min read · 10 March 2016
Venture capital-backed Inrix Inc, a provider of connected car services based in Kirkland, Washington, acquired OpenCar Inc, an automotive software and services provider based in Seattle. Financial terms of the deal were not disclosed. Inrix has raised funding from firms including Kleiner, Perkins, Caufield & Byers, August Capital and Bain Capital.
5 min read · 10 March 2016
Constant Therapy, a developer of brain rehabilitation apps based in Boston, raised $2 million in a Series A financing round led by Golden Seeds with participation form Kapor Capital, Launchpad Venture Group, Pond Capital and Community Health Network of Connecticut. The company was founded in 2013 by Boston University professor Swathi Kiran.
3 min read · 10 March 2016
4Tech Inc, a developer of transcatheter treatments for Tricuspid Regurgitation, raised $29 million in a Series B funding round led by Valiance and RMM with participation from NeoMed Management. 4Tech is incorporated in Delaware, USA, with operations in Galway, Ireland
2 min read · 10 March 2016
