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Cox Enterprises leads $20 mln Series C funding in Euclid AnalyticsCox Enterprises led a $20 million Series C funding round in Euclid Analytics, which provides customer location analytics. Other investors in the funding included new investors Groupe Arnault and Gold Sky Capital. Existing investors Benchmark Capital, New Enterprise Associates and Harrison Metal joined the funding. Euclid has raised $44 million since inception in 2010.
- Cloud computing company Luminal raises $20 mln, changes name to Fugue
Frederick, Maryland-based Luminal announced it has changed its name to Fugue, the same name as its cloud operating system, raised $20 million in a Series C round of funding. New Enterprise Associates led the round, which includes previous investor Core Capital. The company has now raised $34 million in total funding.
- Euclid Analytics rallies $20 mln Series C
Euclid Analytics, a provider of customer location analytics, has raised $20 million in Series C funding. Cox Enterprises led the round with participation from other investors that included Groupe Arnault, Gold Sky Capital, Benchmark Capital, New Enterprise Associates and Harrison Metal.
- VeloCloud fetches $27 mln Series C
Mountain View, California-based VeloCloud Networks Inc, a cloud-delivered SD-WAN company, has raised $27 million in Series C funding. March Capital Partners led the round with participation from other investors that included Cisco Investments, New Enterprise Associates and Venrock.
- New venture aims to fill customer-service void in healthcare: Reuters
Three large U.S. venture capital firms are betting that hospitals will buy into a new service designed to help healthcare providers treat their patients more like upscale hotels treat their customers, Reuters News reported.
VC-backed M&A surpasses $20 bln in 2015Last year's VC-backed M&A total was a little more than $20 billion, about equal the WhatsApp acquisition the year before
Hudson’s Bay to buy venture-backed Gilt Groupe for $250 mlnCanadian department store operator Hudson's Bay Co (TSX: HBC) has agreed to acquire Gilt Groupe Holdings Inc, an online shopping destination based in New York. HBC agreed to pay US$250 million in cash in a deal that is expected to close by February 1st. The acquisition is expected to contribute about US$500 million to HBC’s total 2016 sales and provide opportunities for the company to accelerate the growth of its digital platform. Founded in 2007, Gilt has raised US$271 million in venture capital funding, according to Thomson Reuters' data. Its investors include General Atlantic, Goldman Sachs, NEA and SoftBank. HBC has been backed by NRDC Equity Partners since 2008.
- Millendo Therapeutics snags $62 mln Series B
Ann Arbor, Michigan-based Millendo Therapeutics (formerly known as Atterocor Inc), a biopharmaceutical company focused on treating orphan and specialty endocrine diseases, has raised $62 million in Series B funding. New Enterprise Associates Inc led the round. Other investors included Roche Venture Fund, Adams Street Partners, Altitude Life Science Ventures, Longwood Fund, Renaissance Venture Capital Fund, Frazier Healthcare Partners, Osage University Partners and 5AM Ventures.
Venture fundraising picks up in Q4, but 2015 falls short of another banner yearVenture firms nationwide raised more than $29 billion in 2015, nearly on par with the year before, according to preliminary data
Year in Review: Sequoia ranks as most active VC investorSequoia Capital backed the most companies and invested the largest amount of capital in 2015, according to preliminary data