Private Equity
New York and Houston-based Vroom, an online auto retailer, has secured $146 million in Series G funding. AutoNation led the round with participation from other backers that included funds and accounts advised by T. Rowe Price Associates Inc, L Catterton, General Catalyst Partners and Fraser McCombs Capital.
1 min read · 11 December 2018
LogDNA has raised $25 million in a Series B round led by Emergence Capital. Also participating in the round were Initialized Capital, Y Combinator Continuity Growth and Providence Equity. LogDNA, of Mountain View, California, provides a log management system that offers insight into development and production environments.
3 min read · 11 December 2018
Eric Feng, a general partner at Kleiner Perkins, is leaving the Silicon Valley-based venture firm in the next few weeks, he announced in a post. Feng said the reason for the exit are that his "passions and interests have changed for something different," adding he will disclose more later. Feng joined Kleiner Perkins in 2010. In addition to his work at Kleiner Perkins, Feng was CTO of Flipboard and Hulu.
1 min read · 10 December 2018
China-based G7, an internet of things company, has raised $320 million in funding. HOPU Investments led the round with participation from other investors that included China Broadband Capital, iFoF, Mount Morning Capital, Total Energy Ventures, TH Capital and Tencent. TH Capital was financial adviser on the transaction.
1 min read · 10 December 2018
Cambridge, Massachusetts-based Solo.io, a software company that helps enterprises adopt and operate innovative cloud native technologies, has raised $11 million in Series A funding. Redpoint Ventures led the round with participation from True Ventures. In addition to the funding, Satish Dharmaraj, a partner at Redpoint and Puneet Agarwal, a partner at True Ventures, have joined the board.
1 min read · 10 December 2018
Jungle Ventures is seeking to raise $200 million for its third fund, according to an SEC filing. The Singapore-based venture firm that makes mostly Series A investments in the Southeast Asian region.
1 min read · 10 December 2018
SeventySix Capital, a sports-focused venture firm, has added ex-NFL player Brian Westbrook as an investor to its athlete venture group. SeventySix Capital’s athlete venture group allows professional athletes to invest, learn and work directly with sports tech startups and entrepreneurs. During his career, Westbrook played for the Philadelphia Eagles and the San Francisco 49ers.
4 min read · 10 December 2018
Miami-based ParkJockey, a parking technology solutions provider, has secured funding from the SoftBank Group. Also, ParkJockey and Mubadala Capital have acquired Atlanta-based Citizens Parking Inc, a parking management operator. And, both ParkJockey and Mubadala have agreed to acquire Imperial Parking Corporation, a parking management company in North America, from a subsidiary of Ontario Teachers' Pension Plan. No financial terms were disclosed. The Impark deal is expected to close in the first half of 2019.
4 min read · 10 December 2018
Analytics Ventures, which is focused on creating and building venture companies that harness the power of artificial intelligence technologies, has launched AlphaTrAI, an AI-based equity trading platform. No financial terms were disclosed.
3 min read · 10 December 2018
Oakland, California-based Zesty.ai, an artificial intelligence startup, has raised $13 million in Series A funding. Blamar led the round with participation from other investors that included Plug & Play Ventures.
1 min read · 10 December 2018
