Private Equity
Palo Alto, California and Mumbai-based Drip Capital, a provider of a trade financing product that targets small to medium-sized businesses in developing markets, has raised $25 million in Series B funding. Accel led the round.
1 min read · 24 July 2019
San Francisco-based Gusto, a people platform that helps small businesses take care of their teams, has raised $200 million in Series D funding. The investors included Fidelity Management & Research Company, Generation Investment Management, Dragoneer Investment Group, General Catalyst and T. Rowe Price Associates Inc. In addition to the funding, Anne Raimondi has been added to Gusto's board of directors.
1 min read · 24 July 2019
FirstMark Capital has named Adam Nelson as a partner, according to an announcement on the New York City-based early-stage venture firm. Nelson's past roles including serving as an investing partner at Social Capital and head of revenue partnerships at Dropbox.
1 min read · 24 July 2019
San Francisco-based Benchling, a life sciences R&D cloud platform, has secured $34.5 million in Series C funding. Menlo Ventures led the round with participation from Lead Edge Capital, Y Combinator Continuity, Benchmark and Thrive Capital.
1 min read · 24 July 2019
The Pennsylvania Biotechnology Center, a life sciences incubator in the U.S., has launched Hatch BioFund Management, an investment arm to support its early-stage companies. Vladmir Walko will serve as CEO.
4 min read · 24 July 2019
San Francisco-based Replicant, a provider of a conversational AI platform, has raised $7 million in seed funding. The investors included Atomic, Bloomberg Beta, Costanoa Ventures and Norwest Venture Partners.
1 min read · 24 July 2019
Phenomenon, a business transformation agency, has raised an undisclosed amount of funding. The investors were Berggruen Holdings and Sleeping Bear Capital.
1 min read · 24 July 2019
Lindon, Utah-based Opiniion, a customer review and online reputation management company, has raised $1.5 million in funding. RET Ventures led the round.
1 min read · 24 July 2019
Xain, a blockchain and AI startup, has secured an undisclosed amount of funding. The investor was Dominik Schiener, co-founder of IOTA.
3 min read · 24 July 2019
San Mateo, California-based Tile, which operates as a smart location company, today announced the close of its $45 million Series C fundraising round, led by Francisco Partners. Existing investors GGV Capital and Bessemer Venture Partners, as well as new investors Bryant Stibel and Silicon Valley Bank participated in the round. Tile said the funding will be used to grow internationally and expand into new products.
3 min read · 24 July 2019
