Maveron

Tempest, a virtual program changing how individuals access recovery, has raised $10 million in Series A financing. Maveron Capital led the round.

Consumer-focused investor Maveron has added Natalie Dillon as an investor. She previously was an investor with seed-stage investor Susa Ventures and was a research associate at Silicon Valley Bank before that.

Consumer-focused investor Maveron has promoted Anarghya Vardhana to partner. Vardhana was most recently a principal, having joined the firm in 2015, according to her bio on the firm's website. https://www.maveron.com/team/anarghya-vardhana/ She has worked for several startups in product management and operations roles, including at the healthcare company Medable. She also was previously at Rothenberg Ventures. For Maveron, she is a board observer at Booster Fuels, Inkbox, Pluto, The Guild and two unannounced companies.

A Toronto-based startup has secured US$10 million ($13 million) in funding from venture capitalists to expand its operations in the temporary tattoo business, the company’s chief executive officer said this week. The startup, Inkbox, aims to give customers “the look and feel of a permanent tattoo without the permanence,” CEO and Co-Founder Tyler Handley told Reuters. The company, which was founded in 2015 and operates in Canada and Japan, ships approximately 60,000 tattoos per month to over 150 countries, with 75 percent of its sales going to the United States. The company received its latest equity investment from a group led by U.S. venture capital firm Maveron.

Inkbox, a Toronto-based semi-permanent tattoo platform, has secured more than $17 million (US$13 million) in a Series A financing. The round was led by Maveron and joined by Founders Fund, Cassius, Golden Ventures, KDWC Capital, Flight Ventures and Novel TMT. Silicon Valley Bank also contributed US$3 million of venture debt. Founded in 2015 by CEO Tyler Handley and Braden Handley, Inkbox closed a $1 million seed financing /canada/2016/07/3344377/ in 2016. It has since grown 1,000 percent and sold 450,000 tattoos worldwide. Inkbox will use the Series A's proceeds to expand its artist marketplace, develop new tattoo technologies, strengthen its brand, and scale operations through strategic hires.

Modern Fertility, a woman's health company, has raised $6 million in funding. Maveron and Union Square Ventures led the round with participation from other investors that included Sound Ventures and SV Angel.

St. Louis-based SafeTrek, developer of an app focused on providing personal safety, announced it has raised $3.2 million in seed funding. Cultivation Capital led the round, which included participation from New Enterprise Associates, Maveron and Aspect Ventures. a 100% women-founded venture firm.

Side Letter gets a sneak peek at PEI's Q1 fundraising stats just as President Trump appears to dash hopes of a broader revival. Plus: a west coast firm is attempting to teach other firms how to generate liquidity in a tough exit market. Here's today's brief, for our valued subscribers only.

The multi-strategy investor and secondaries specialist built the program to teach GPs and LPs how to find alternate routes to liquidity outside of IPOs and M&A.

Sources said a concern among potential buyers is that, without the SVB branding and operations, access to top VCs may not be as robust for a third-party buyer.

One of the challenges that has emerged as potential buyers explore an acquisition of SVB Financial’s fund of funds platform is continuing access to the top names in venture capital, say sources familiar with the process.

There is no easy fix for the industry’s lack of diversity. Here are six things GPs and LPs are doing to open their doors wider to under-represented groups.

Domain Money, a wealth-building platform, has raised $33 million in funding.

France's BIC has agreed to acquire Inkbox, a Toronto-based direct-to-consumer semi-permanent tattoo company.

Shoe maker Allbirds has gone public after raising more than $300 million for its IPO, reported CNBC.