True Ventures related stories
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Understory procures $5.25 mln Series BUnderstory, a weather network and analytics company, has secured $5.25 million in Series B funding. True Ventures led the round with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund.
- Tray.io lands $50 mln Series B
San Francisco-based Tray.io, an automation platform, has raised $50 million in Series B funding, according to a blog post https://tray.io/blog/tray.io-series-b on its site. Spark Capital led the round with participation from Meritech, GGV, True Ventures and Mosaic.
Voiceflow closes $4.7 mln seed round, True Ventures investsVoiceflow, a Toronto-based design and creation platform for voice apps, has secured about $4.7 million (US$3.5 million) in a seed-stage financing. The amount includes a US$3 million round led by True Ventures, a U.S. venture capital firm, and joined by a range of technology company founders. Voiceflow's other backers include Canadian venture capital firm Ripple Ventures. Founded last year by Braden Ream, Tyler Han, Michael Hood and Andrew Lawrence, Voiceflow helps teams design and build voice apps, without coding, for Amazon Alexa and Google Assistant. The company will use the funds raised to scale its platform and user base.
- Podcasting app Swoot rakes in $3 mln seed
Swoot, a newly launched podcasting app, has $3 million in seed funding. True Ventures led the round.
Canadian VC begins 2019 with heft as top Q1 deals raise $667 mlnAfter nine straight years of growth, Canada’s venture capital market showed no signs of slowing down in early 2019. The top 10 first-quarter VC financings drew $667 million from VC funds. While that’s down 28 percent from the $923 million raised by the top 10 deals a year earlier, it exceeds first-quarter results in other recent years. The estimate is based on PE Hub Canada’s list of the largest rounds announced from January through March, supplemented by preliminary data from Refinitiv. It suggests that despite increasing market uncertainty, trends in early 2019 reflect many of the same factors that drove soaring Canadian VC investment activity last year.
- Fauna Bio inks $4.1 mln seed
Fauna Bio, a biotechnology company, has raised $4.1 million in seed funding. True Ventures led the round with participation from Longevity Fund, Pacific 8 Ventures, Boom Capital and Beagle Ventures.
- VC-backed HR platform Namely appoints McGregor as chief security officer
New York City-based Namely, a HR platform for mid-sized companies, has named Andre McGregor as chief security officer. He is the former FBI cyber liaison to the United Nations. Namely's backers included Altimeter Capital, GGV Capital, Matrix Partners, Scale Venture Partners, Sequoia Capital, Tenaya Capital and True Ventures.
Robotics maker Avidbots closes $23.6 million Series B roundKitchener, Ontario-based robotics company Avidbots has secured $23.6 million in a Series B financing. True Ventures, a U.S. venture capital firm, led the round, which brings Avidbots' total funding to $36 million. Joining the deal were existing investors, including GGV Capital, SOSV, Real Ventures and 500 Startups Canada, as well as new investors, including Next47, BDC Capital and KCPL. Founded in 2014 by CEO Faizan Sheikh and CTO Pablo Molina, Avidbots designs and makes autonomous connected robots. Its first product, Neo, is a robotic floor scrubber deployed in commercial locations worldwide. The funds raised will be used for global growth and to invest in talent acquisition, engineering, marketing and sales.
- Splice raises $57.5 mln
Splice said March 20 that it raised $57.5 million in a Series C round led by existing investors Union Square Ventures and True Ventures. Also participating were DFJ Growth, Flybridge, and Lerer Hippeau, Liontree, Founders Circle Capital, and Matt Pincus, founder of Songz Publishing. Splice is a music startup that aims to help musicians create and earn revenue.