US

Root Insurance racks up $350 mln Series E

Columbus, Ohio-based Root Insurance, a property casualty insurtech company, has secured $350 million in Series E funding. DST Global and Coatue led the round with participation from Drive Capital, Redpoint Ventures, Ribbit Capital, Scale Venture Partners and Tiger Global Management.

McRock Capital launches second industrial IoT venture fund

McRock Capital, a Canadian industrial internet-of-things venture capital firm, has raised C$80 million for its second venture fund. The target is C$100 million. Investors of McRock Fund II LP include Cisco Investments, Shell, BDC Capital, Export Development Canada, Alberta Enterprise Corporation and HarbourVest. Co-founded by Scott MacDonald and Whitney Rockley, McRock invests exclusively in industrial IoT companies across Canada, the US, and Europe.

Jump Capital promotes Shkolnik to principal

Jump Capital has promoted Yelena Shkolnik to principal. She first joined the Chicago-based venture firm in 2015 after working at MK Capital and Dreamworks.

Index Ventures leads Series B round for Spendesk

Paris-based Spendesk, a spend management platform for small to mid-sized businesses, has raised $38 million in Series B funding. Index Ventures led the round.

Vim raises $24 mln

Vim said Sept 9 that it raised $24 million in a Series B round led by Optum Ventures. The round also included investments from Premera Blue Cross and follow-ons by Great Point Ventures and Sequoia Capital. Vim, a healthcare platform, aims to align incentives between payers and healthcare providers.

DDF taps Jung as partner

The Dementia Discovery Fund, a venture fund that invests in projects and companies that develop treatments for age-related dementias, has named Dr. Christian Jung as a partner. Previously, he worked at Wellington Partners Life Sciences where he was a principal. SV Health Investors manages DDF.

VC-backed ChurnZero adds three to leadership team

Arlington, Virginia-based ChurnZero, a customer success platform, has named Abby Hammer as chief customer officer, Hunter Montgomery as chief marketing officer and Jason Moore as vice president of sales. ChurnZero's backers included Baird Capital, Grotech Ventures and Middleland Capital.

Zippity nabs $3 mln seed

Zippity, an onsite car care provider for the workplace, has raised $3 million in seed funding. Schooner Capital led the round with participation from BP Ventures and LaunchPad Ventures.

Spirable fetches Series A funding

London-based Spirable, a provider of personalized video marketing automation, has raised 6 million pounds in Series A funding. Smedvig Capital led the round with participation from Frontline Ventures, Downing Ventures and 24 Haymarket.

RippleMatch inks $6 mln Series A

RippleMatch, a job hiring platform, has raised $6 million in Series A funding, according to a Medium blog post. The backers were G20 Ventures, Accomplice, Bullpen Capital and AlleyCorp.