Boston-based WindSail Capital Group invested $3 million in Genability Inc, a provider of energy cost and savings data based in San Francisco.
2 min read · 10 March 2016
Lightspeed Venture Partners, an early-stage investor based in Silicon Valley, raised a total of $1.2 billion for two venture funds, according to SEC filings. The firm's eleventh flagship fund collected $715 million, and its second Select fund raised $500 million to invest in later-stage companies. Lightspeed typically targets investments in the enterprise and consumer sectors. The firm took in $635 million for Lightspeed X and $430 million for Lightspeed Select, according to the firm's website. Lightspeed also invests out of an India-focused fund an a China-focused fund.
1 min read · 09 March 2016
IndiaMART, an online marketplace based in India, raised an undisclosed amount of funding in a Series C round led by Amadeus Capital. Existing investor Intel Capital also participated along with Westbridge Capital and Quona Capital's Accion Frontier Inclusion Fund.
5 min read · 09 March 2016
Dayang Group, a global apparel manufacturer, will invest up to 42 million Canadian dollars ($30 million) in Indochino, a menswear retailer based in Vancouver. In conjunction with the investment, Indochino signed a five-year alliance agreement with Dayang. Indochino has raised money from Madrona Venture Group, Highland Capital Partners and others.
4 min read · 09 March 2016
Drive Spotter, a video platform to analyze and improve commercial fleet vehicle and driver performance, raised $750,000 round of financing led by Grinnell Mutual Reinsurance. Drive Spotter is a graduate of Global Insurance Accelerator (GIA), a De Moines, Iowa-based startup accelerated focused on the insurance industry. Grinnell is also an investor in GIA.
3 min read · 09 March 2016
Wunder Capital, an online lending platform that connects investors with large-scale solar projects across the United States, raised $3.6 million in Series A funding, bringing the company's total funding to $4.7 million. The round was led by Techstars Ventures, Fenway Summer Ventures, and FinTech Collective, alongside existing seed investors. Wunder is also the first solar company to graduate from Techstars’ technology accelerator program.
4 min read · 09 March 2016
Valencell, a developer of performance biometric sensor technology based in Raleigh, North Carolina, secured $11 million in Series D financing. The investment is led by GII Tech, a new venture fund launched by UAE-based financial services company GII LLC. The round brings Valencell's total funding to $24.5 million.
4 min read · 09 March 2016
Salem Investment Partners invested $11.5 million in Catalyst DevWorks, a company that applies predictive analytics to assembling teams of software engineers. Based in Baltimore, Catalyst gives enterprises the ability to deploy software engineering teams within 24 hours.
3 min read · 09 March 2016
London-based Capella Bioscience Ltd raised 11 million pounds ($15.5 million) in a Series A funding round led by Advent Life Sciences, Medicxi Ventures and Osage University Partners. The new capital will support the advancement of Capella's therapeutic antibody discovery programs towards clinical evaluation. In connection with the financing, Bill Harrington of Osage University Partners will join the board in an observer role.
3 min read · 09 March 2016
St. Louis, Missouri-based OneSpace, a virtual workforce platform that brings businesses and freelancers together, raised $9 million in a Series B funding round led by Lewis & Clark Ventures. Series A lead Highland Capital, along with Answers Corporation executives David Karandish and Chris Sims, also participated in round. OneSpace also announced Tom Hillman, general partner at Lewis & Clark Ventures, recently joined the company's board.
4 min read · 09 March 2016
