Managers

Madrona Venture Group raises $300 mln seventh venture fund

USVP leads Series A funding in Luma Health

San Francisco-based Luma Health, which helps to connect patients with healthcare providers, has raised $6.33 million in a Series A round funding. U.S. Venture Partners led the round, which included continued participation from the Stanford-StartX Fund and additional existing investors. The company, founded in 2015, has now raised $9.7 million in total funding. As part of the Series A round, Dafina Toncheva, a partner at USVP, has joined the board.

Naspers Ventures leads Series C round for home care company Honor

Honor, a home care company, has secured $50 million in Series C funding. Naspers Ventures led the round.

Walmart becomes SoftBank of ecommerce startups

Monthly recap of fund briefs, as of May 21

Cultivation Capital gathers over $15 mln for second life sciences fund, also raises $33.45 mln for second tech fund

St. Louis, Missouri-based venture firm Cultivation Capital has raised over $15 million for its second life sciences fund targeted at $30 million, according to an SEC filing. And in a separate SEC filing, the firm also raised $33.45 million for its second tech fund targeted at $40 million.

VCs on the Move recap, as of May 21

Scioto Biosciences rakes in $1.8 mln Series A

Indianapolis-based Scioto Biosciences, a developer of "innovative therapies to transform the delivery of microbiome therapeutics," has raised $1.8 million in Series A financing. The investors included BioCrossroads, Elevate Ventures and Rev1 Ventures.

FogPharma lands $66 mln Series B

Cambridge, Massachusetts-based FogPharma, a developer of new treatments for cancer and other life-threatening diseases, has secured $66 million in Series B financing. The lead investor was 6 Dimensions Capital. Other investors that participated in the round included GV, Blue Pool Capital, Horizons Ventures, Nan Fung Group, Leerink Partners Deerfield Management, Boyu Capital and WuXi AppTec Corporate Ventures.

VC-backed SetPoint Medical taps Shah for senior director role

Santa Clarita, California-based SetPoint Medical, a biomedical technology company, has named Ankit Shah as senior director of commercialization and marketing. Previously, Shah was senior director of marketing and business development at Intersect ENT. SetPoint's backers include Morgenthaler Ventures, New Enterprise Associates, Topspin Partners, Medtronic, GlaxoSmithKline’s Action Potential Venture Capital Limited and Boston Scientific.