Floodgate related stories
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Outreach snags $2.3 mln seedSeattle-based Outreach, a sales automation platform provider, has raised $2.3 million in seed funding. The investors included Version One Ventures, Mark Sugarman of MHS Capital and Mike Maples of Floodgate.
- Refinery29 raises another $50 mln
Refinery29 said Monday it raised $50 million new funding from Scripps Networks Interactive and WPP, via WPP Ventures. Previous investors including Stripes Group, Floodgate, Lead Edge Capital, First Round Capital, Lerer Ventures and Hearst Corp. With offices in New York and Los Angeles, Refinery 29 is a digital lifestyle media company. Allen & Company LLC advised Refinery29.
- Partech Ventures leads $7 mln funding in PLAE
Partech Ventures has led a $7 million Series A funding round in PLAE, a lifestyle brand for children. Other participants in the funding include Floodgate, Western Technology Investment, Finn Capital, Cherubic Ventures and angel investors including Bruce Katz, founder of Rockport Shoes, Yasunobu Kyogoku, former COO of Uniqlo, Fabrice Grinda, Jose Marin and others. PLAE has raised a total of $10.8 million to date.
- VC-backed Buttercoin to shut down due to lack of investor interest
Bitcoin trading platform Buttercoin is closing its service on April 10, the company announced in a post https://buttercoin.com/#/goodbye on its site. Buttercoin cited a "dip in bitcoin interest among Silicon Valley investors" as a reason for the shutdown. According to Crunchbase, Buttercoin's previous backers included Google Ventures, FLOODGATE, Y Combinator, Initialized Capital and Rothenberg Ventures.
- Cloud Apps, Floodgate back GoFormz
GoFormz has raised $3 million in Series A funding from Cloud Apps Capital Partners and FLOODGATE. As part of the funding, Matt Holleran, general partner of Cloud Apps Capital Partners, has joined the company’s board of directors. The San Diego-based company provides a mobile business productivity platform.
- KPCB leads Series C round for Ayasdi
Menlo Park, California-based Ayasdi, a provider of machine intelligence software, has secured $55 million in Series C funding. Kleiner Perkins Caufield & Byers led the round with participation from Institutional Venture Partners, Khosla Ventures, FLOODGATE, Citi Ventures, Centerview Capital Technology and Draper Nexus.
VarageSale raises Series A financing led by Sequoia Capital: reportVarageSale, a Toronto online marketplace that provides people with a trusted environment in which to buy and sell goods, has closed a Series A financing, according to a report by a U.S. media outlet. The report said the round, the value of which was not disclosed, was led by Silicon Valley venture capital firm Sequoia Capital.
- Self-storage marketplace SpareFoot snags $33 mln
SpareFoot, an Austin-based online marketplace for self-storage, has received $33 million in funding. Revolution Growth led the round with participation from Insight Venture Partners and Monkfish Equity. In conjunction with the financing, Scott Hilleboe, a partner at Revolution Growth, and entrepreneur Rony Kahan, co-founder and chairman of job search engine Indeed, have been appointed to SpareFoot’s board of directors.
- LEGO subscription service Pley attracts $10 mln
LEGO subscription service Pley has raised $10 million in Series B funding. Sozo Ventures led the round with participation from previous backers Floodgate, Correlation Ventures, Maven Ventures and Allegro Venture Partners. Concurrent with the funding, Phil Wickham, managing director at Sozo Ventures, has been added to Pley¹s board of directors.
Cendana founder Kim anticipates more seed fundsSeed-stage investor and founder of Cendana Capital closes second with $50 million and separate direct investment vehicle with $17 million in commitments