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Founders Fund partner sings praises of cannabisGeoff Lewis says that “The legalization of cannabis will be a social good.”
Founders Fund partner sings praises of cannabisEvoking a mighty struggle against an unjust war, a VC who led a high-profile bet on marijuana legalization said the slowly growing industry is becoming more accepted – and crowded.
Travel app Headout nets $1.8 mlnTravel app Headout has secured $ 1.8 million in seed funding. The investors included Version One Ventures, 500 Startups, Nexus Venture Partners, Arena Ventures, Maiden Lane Ventures, Funders Club, Haystack Fund, Ludlow Ventures and Dreamit Ventures.
- MakeMyTrip buys VC-backed Mygola
MakeMyTrip has acquired Mygola, the latter announced in a blog post http://blog.mygola.com/2015/04/makemytrip-acquires-mygola/ on its site. No financial terms were disclosed. Based in Chevy Chase, Maryland and Bangalore, Mygola is an online travel guide. Its backers included 500 Startups, Blumberg Capital and Helion Venture Partners.
- On-demand meal service Sprig cooks up $45 mln
San Francisco-based on-demand meal service Sprig has secured $45 million in funding. The Social+Capital Partnership led the round with participation from other investors that included Greylock Partners, Accel Partners, Battery Ventures, 500 Startups, Ludlow Ventures, Lumia Capital, IDG Ventures and CAA Ventures. In addition to the funding, Ted Maidenberg of Social+Capital has been added to Sprig's board of directors.
DCM Ventures, Snoop Dogg back on-demand marijuana delivery service EazeEaze, which provides an on-demand marijuana delivery service, has raised $10 million in Series A funding that was led by DCM Ventures. Fresh VC, 500 Startups and others, including Casa Verde Capital, the venture outfit of Snoop Dogg. San Francisco-based Eaze previously raised $1.5 million in seed funding in November. The company was founded by CEO Keith McCarty, an early employee of Yammer. As part of the Series A round, Eaze has added DCM Ventures General Partner David Chao to its board of directors.
- VC-backed Kairos buys IMRSV
Facial biometrics company Kairos has acquired IMRSV, a provider of audience analytics. No financial terms were disclosed. Kairos' backers include Kapor Capital, New World Angels, VenVelo, Quotidian Ventures, Great Oaks Venture Capital, Eniac Ventures, 500 Startups and TechStars.
- Edtech company Monkimun nets $1 mln seed
Monkimun, a language learning startup based in San Francisco and Madrid, has raised $1 million in seed funding. The investors included 500 Startups, SHO-zemi Innovation Ventures, Incuvest and Lanzame Capital.
- FullContact grabs $10 mln
Denver-based FullContact, a provider of fully connected address book solutions, has raised $10 million in funding. Foundry Group and Baird Capital led the round with participation from Blue Note Ventures and 500 Startups. In conjunction with the funding, Benedict Rocchio of Baird has been added to FullContact's board.
Spotlight: Where have all the big acquisitions gone?Only two M&A transactions took place in February with disclosed values for a combined deal total of $270 million; Lerer Hippeau and SV Angel each exited two companies to big acquirers